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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.
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Wednesday, June 11, 2008
Foundry Networks Continues Carrier Ethernet Innovation At NXTcomm08
Comtex
SANTA CLARA, Calif. and LAS VEGAS, Jun 11, 2008 (PrimeNewswire via COMTEX) ----Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced it will be extending its Carrier Ethernet leadership at NXTcomm08 in Las Vegas, June 16 to 19. Foundry(r) will be exhibiting its industry-leading networking products and displaying Carrier Ethernet and service provider solutions at booth #SU5204 at the Las Vegas Convention Center as well as participating in a key Metro Ethernet Forum session.
Session: "Ethernet the World" Panelist: Ananda Rajagopal, product line manager Time and Date: 10:30 a.m. to 11:15 a.m. PDT, Thursday, June 19 Location: Metro Ethernet Forum Theater, booth #SL4409
Hosted by the Metro Ethernet Forum (MEF), "Ethernet the World" features Ananda Rajagopal and fellow panelists in order to discuss the latest service deployments, MEF certification activities, and what the future holds for Carrier Ethernet. In addition to thought leadership, Foundry will display its industry-leading service provider products and solutions such as the NetIron(tm) XMR backbone router, NetIron MLX metro router, FastIron(tm) Edge XE compact routing switch, BigIron(tm) RX backbone switch, and ServerIron(tm) family of application delivery switches.
The NetIron family provides unparalleled, wire-speed performance for IP/MPLS routing and switching combined with advanced packet processing and traffic management capabilities. Based on robust, high-availability system architectures, the multi-service NetIron XMR backbone and MLX metro routers are designed to meet the current and future needs of converged networks. The industry-leading energy efficient routers offer a variety of form factors, capacities, and interface options to scale with service provider growth. The NetIron XMR Series offers high performance and scalability for advanced IPv4, IPv6, and MPLS service delivery. The NetIron MLX Series of metro routers provides advanced service delivery capabilities for metro networks, large enterprises, and High-Performance Computing (HPC) environments.
The FastIron Edge XE (FES-XE) Series boasts the industry's leading IPv4 and IPv6 hardware routing capacity in a compact routing switch. The FES-XE Series provides service providers a highly scalable edge routing platform that can be used in complex routing configurations and provides a migration path to IPv6. The FES-XE Series supports expansive routing capacities scaling to 512,000 IPv4 routes and 64,000 IPv6 routes in hardware. For route distribution and calculation, the FES-XE Series can support up to 1,000,000 BGPv4 routing entries. The FES-XE is future-ready, providing users with wire-speed IPv4 and IPv6 routing, including IPv6-to-IPv4 tunnels to facilitate network transition. The FES-XE Series was recently certified IPv6 Ready Phase-2 by the IPv6 Consortium at the University of New Hampshire InterOperability Laboratory.
About NXTcomm
NXTcomm has replaced SUPERCOMM. The Telecommunications Industry Association (TIA) and the U.S. Telecom Association (USTelecom), the two organizations that owned and produced SUPERCOMM for 18 years, have joined forces again to produce NXTcomm, which replaces SUPERCOMM as the one event delivering the entire ecosystem of network-enabled voice, video, and data. NXTcomm08 comes to the Las Vegas Convention Center June 16-19 and will co-locate with InfoComm08, the leading audiovisual business-to-business marketplace. For more information, go to www.NXTcommShow.com.
About Foundry Networks
Foundry Networks, Inc. (Nasdaq:FDRY) is a leading provider of high-performance enterprise and service provider switching, routing, security and Web traffic management solutions, including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4-7 application switches, wireless LAN and access points, access routers and metro routers. Foundry's customers include the world's premier ISPs, metro service providers, and enterprises, including e-commerce sites, universities, entertainment, health and wellness, government, financial and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynet.com.
The Foundry Networks, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2756
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Foundry Networks, Inc.
Foundry Networks Media Contact Brian Gong 408.207.1348 bgong@foundrynet.com FD Foundry Investor Contact Brendan Lahiff 415.293.4425 brendan.lahiff@fd.com
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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