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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Thursday, May 15, 2008
Perot Systems Announces the Launch of Xcelys(TM) 5.0 Software
Comtex
PLANO, Texas, May 15, 2008 /PRNewswire-FirstCall via COMTEX News Network/ ----Perot Systems (NYSE: PER) today announced the release of Xcelys(TM) 5.0 Health Plan Core Administration Software. Xcelys 5.0 software is a continuance of Perot Systems' strategy to offer transformative healthcare technology solutions to the health plan market.
Xcelys, formerly called PERADIGM software, will enable Perot Systems to deliver increasing quality and benefits for health plan administration in enterprise IT organizations, fulfilling its commitment to drive excellence in health plan administration. With the capability to execute several extended business functions, Xcelys software's functionality enhancements will increase auto-adjudication and payment accuracy rates resulting in a reduced number of claims held for manual pricing and processing.
In addition to these features, the Xcelys 5.0 software release was recently certified on the Oracle(R)10g platform using Real Application Clusters (RAC). Certifying the software on Oracle 10g and RAC significantly improves claims throughput (measured in claims per second) as well as provides robust load balancing and fail over capability.
"Our customers need flexibility in their ability to deliver new products to the members in their markets, while simultaneously keeping administrative costs low. The new release of Xcelys delivers these tangible business results, and also enhances scalability and dynamic provisioning," said Jim Mapes, Executive Vice President, Perot Systems process solutions group.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2007 revenue of $2.6 billion. The company has more than 23,000 associates located in North America, Europe, MENA and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
Media Contact: Perot Systems Corporation Jonathan Moss +1 972 577 6395 jonathan.moss@ps.net
SOURCE Perot Systems Corporation
http://www.perotsystems.com
Copyright (C) 2008 PR Newswire. All rights reserved
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