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Welcome to the major leagues of debt. Collateralized debt obligations, almost always referred to as a CDOs, are horrendously
complicated deals that often leave anyone without a MBA wondering what was put into these CDOs.
The first thing to
understand about bonds, (aka debt) is that bonds are often backed by something else. Think about your home mortgage. If you
don't pay your mortgage, the bank can take the house. You end up homeless, and the bank sells the house to pay off the rest
of that mortgage. There is something "backing" that mortgage; something lender can fall back on, if you don't pay your bills
like a good human being. That's called collateral.
CDOs are one flavor of an entire sector of investing called structured
finance, and they are also backed. CDOs, in the simplest concept, are just bonds backed by something else. In most cases,
a CDO is backed by a collection of various types of debt. CDOs can be home mortgages, or other types of debt like credit cards,
auto loans, and personal loans. Most of these types of debt are usually considered a bit more risky and they don't have the
backing that a home loan does. So, if you think it through, you can imagine that CDOs are usually considered a risky investment.
To take a step further, understand that CDOs have multiple flavors within each CDO. These flavors are called tranches. If you've taken French, you might recognize the word, it means "slice" or "portion." Each slice of that CDO you invest in is a little different and carries different amounts of risk.
You could invest in the lowest risk tranche of the CDO, which would
provide you lower risk. But, you don't get a good return on that investment. Or, you can be the heroic adventurer of bonds
and invest in the lowest-grade tranche of the CDO. You'll make an amazing return, but if the economy even looks at you wrong,
you might lose the entire investment.
CDOs aren¿t easy, and are almost always invested in by mutual funds, insurance
companies and hedge funds. As an individual investor, you will probably not come across a CDO you can participate in.
Home / Markets / Industries / Telecom
Monday, June 16, 2008
Aruba Networks' Remote Access Point Wins Techworld 2008 Wireless Security Product of the Year Award
Comtex
SUNNYVALE, CA, Jun 16, 2008 (MARKET WIRE via COMTEX) ----Aruba Networks, Inc. (NASDAQ: ARUN), a global leader in wireless LANs and secure unified mobility solutions, today announced that it has been awarded the Wireless Security Product of the Year Award by Techworld for its Remote Access Point (RAP) technology. Targeted at organizations with teleworkers, traveling executives, branch offices, first responder or disaster recovery requirements, RAP offers a truly instant-on, no set-up remote connectivity solution. Once loaded on an Aruba access point, many of which can easily fit in a purse or valise, RAP establishes an encrypted tunnel to the data center and uses a built-in stateful firewall and split-tunneling router to securely deliver the enterprise network to mobile users.
"Our Remote Access Point technology is the ultimate expression of a mobility enabler because it brings the enterprise experience to users wherever they work or roam," said Keerti Melkote, Aruba's founder and head of products and partnerships. "Users can select Ethernet and/or 3G cellular WAN connections, and RAP will automatically select the fastest available connection -- if one fails it will switch to the surviving connection. Secure Wi-Fi and Ethernet ports offer tremendous flexibility for a wide range of uses, from a traveling executive to an entire branch office. We believe this technology is a major advancement beyond VPNs, and we're gratified that the category judges agree."
For the past 13 years the Techworld Awards program has selected products and users from the European IT industry that have enabled IT professionals to execute their jobs more easily and effectively. Judging is conducting by an independent panel of industry experts and the editorial board of Techworld.com, and awards are announced in conjunction with the annual Techworld exhibition.
"The objective of the Techworld Awards is to recognize companies that make a significant contribution to business productivity using technology," said Maxwell Cooter, Techworld's editor. "The problem of securing remote connections is one faced by many IT managers and Aruba offers users a particularly innovative approach to the problem. The judges were impressed with the way in which Aruba tackled the issue and thought that its product stood out among the entrants."
About Aruba Networks
People move. Networks must follow. Aruba securely delivers networks to users, wherever they work or roam. Our unified mobility solutions include Wi-Fi networks, identity-based security, remote access and cellular services, and centralized multi-vendor network management to enable the Follow-Me Enterprise that moves in lock-step with users:
-- Follow-Me Connectivity: Adaptive 802.11a/b/g/n Wi-Fi networks optimize themselves to ensure that users are always within reach of mission-critical information; -- Follow-Me Security: Identity-based security assigns access policies to users, enforcing those policies whenever and wherever a network is accessed; -- Follow-Me Applications: Remote access solutions and cellular network integration ensure uninterrupted access to applications as users move; -- Follow-Me Management: Multi-vendor network management provides a single point of control while managing both legacy and new wireless networks from both Aruba and its competitors.
The cost, convenience, and security benefits of our unified mobility solutions are fundamentally changing how and where we work. Listed on the NASDAQ and Russell 2000(R) Index, Aruba is based in Sunnyvale, California, and has operations throughout the Americas, Europe, Middle East, and Asia Pacific regions. To learn more, visit Aruba at http://www.arubanetworks.com.
Copyright 2008 Aruba Networks, Inc. AirWave(R), Aruba Networks(R), Aruba Mobility Management System(R), Bluescanner, For Wireless That Works(R), Mobile Edge Architecture, People Move. Networks Must Follow., RFProtect, The All Wireless Workplace Is Now Open For Business, and The Mobile Edge Company(R) are trademarks of Aruba Networks, Inc. All rights reserved. All other trademarks are the property of their respective owners.
Media Contacts Michael Tennefoss Aruba Networks, Inc. +1-408-754-8034 mtennefoss@arubanetworks.com Patty Oien Breakaway Communications +1-415-358-2482 poien@breakawaycom.com
SOURCE: Aruba Networks, Inc.
mailto:mtennefoss@arubanetworks.com mailto:poien@breakawaycom.com
Copyright 2008 Market Wire, All rights reserved.
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