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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
Wednesday, May 07, 2008
Healthcare Leader Mayo Clinic Enables Innovative Mobility Solutions to Enhance Patient Care
Comtex
SAN JOSE, CA, May 07, 2008 (MARKET WIRE via COMTEX News Network) ----Cisco (NASDAQ: CSCO) announced today that Mayo Clinic, the largest integrated, not-for-profit group medical practice in the world, has deployed a Cisco(R) Unified Wireless Network to improve its patient care. The network encompasses more than 3,000 Cisco access points, Cisco 4400 Series controllers and the Cisco Wireless Services Module for the Catalyst 6500; delivering a broad set of healthcare mobility applications to its population of approximately 40,000 physicians, nurses and staff within its three U.S.-based campuses. In addition, Mayo will begin evaluating Cisco's 802.11n Aironet(R) 1250 Series Access Points to enable a broader set of new mobility applications across its facilities. Cisco also announced that Mayo Clinic received Cisco's five millionth Aironet access point, which began shipping in 2000. This marks yet another major milestone for Cisco in the evolution of the enterprise wireless market.
In addition to wireless data access for its 5,000 mobile users, Mayo has equipped approximately 1,000 users with wireless voice over IP (VoIP) phones, enabling better mobile collaboration between doctors, nurses and hospital staff, helping ensure that tasks like physician information entry can be accomplished in real time at a patient's bedside. Mayo has also connected a variety of medical devices and equipment to the wireless LAN (WLAN) including 2,000 infusion pumps, 300 patient-controlled analgesia (PCA) pumps and 100 pulse oximeters that are used to monitor patient heart rates and breathing. Connecting these devices to the wireless network allows doctors and nurses to access vital patient information from wherever they are in the hospital, improving their efficiency and resulting in better patient care.
Cisco Wireless Network Delivers Productivity Benefits, Better Patient Care to Mayo
Mayo's reputation as a healthcare innovator required its information technology department to deploy a wireless networking infrastructure that supports the organization's overall goals of delivering the highest levels of patient care, medical research and academic education. With its Cisco Unified Wireless Network, Mayo has enabled collaborative and productivity-enhancing applications for its physicians, nurses and staff.
"Mayo is constantly striving to improve upon its reputation as a pioneer in medical care, research and education," said Randy Regimbal, Mayo Clinic's director of network services. "Our Cisco Unified Wireless Network has become an essential foundation for meeting these strategic objectives and has empowered our physicians, nurses and administrative staff to dramatically improve the quality of patient care."
"As the enterprise wireless network has evolved from a convenient access option into a strategic corporate asset, Cisco has introduced innovations in design, performance, security and reliability that have helped customers use the wireless network for their business-critical applications and data," said Ben Gibson, Cisco's senior director of mobility solutions. "We are committed to helping our customers meet and exceed their business objectives by transforming their wireless infrastructures into true mobility networks. In the case of Mayo Clinic, we're enabling a broader set of mobility solutions that can help improve the overall patient experience."
Mayo will begin testing the Cisco 802.11n Aironet 1250 Series Access Points, as the clinic is interested in the enhanced throughput, reliability and predictability afforded by 802.11n technology, as well as its ability to enable new mobility applications that will continue to improve the quality of care.
Cisco was first to market with an integrated 802.11n draft 2.0 solution, allowing organizations like Mayo to take full advantage of mobility applications, and it was the first vendor to ship Wi-Fi Alliance-certified 802.11n draft 2.0 products globally. Cisco continues to accelerate the adoption of 802.11n with customer deployments across numerous vertical markets including healthcare, education and hospitality. With more than 50,000 802.11n access points shipped since October 2007, and landmark deployments including Concordia University, University of California at Berkeley, Duke University and Oriental Bangkok, Cisco leads the market with real-world production deployments that give enterprises the performance and reliability they need to scale their networks now, while protecting their investments for the future.
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com.
Cisco, the Cisco logo, Cisco Systems, Aironet and Catalyst are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.
For direct RSS Feeds of all Cisco news, please visit "News@Cisco" at the following link:
http://newsroom.cisco.com/dlls/rss.html
Media Relations: Ed Tan Cisco Systems, Inc. 408 421 5132 edgtan@cisco.com Industry Analyst Relations: Nicole Hall Cisco Systems, Inc. 408 853 7868 nzewe@cisco.com Investor Relations: Marilyn Mora Cisco Systems, Inc. 408 527 7452 marilmor@cisco.com
SOURCE: Cisco Systems, Inc.
mailto:edgtan@cisco.com mailto:nzewe@cisco.com mailto:marilmor@cisco.com
Copyright 2008 Market Wire, All rights reserved.
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