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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, May 05, 2008
Nortel Government Solutions Secures Unified Communications for Government
Comtex
ORLANDO, FLORIDA, May 05, 2008 (MARKET WIRE via COMTEX News Network) ----Nortel Government Solutions(1), a U.S. company wholly owned by Nortel(1) (TSX: NT)(NYSE: NT), has unveiled a new unified communications platform designed specifically to meet the stringent security and service assurance requirements of the U.S. Department of Defense(2) (DoD) and other agencies of the U.S. Federal Government.
With a unified communications solution based on Nortel's new Application Server 5300, defense and civilian government agencies can enhance productivity and speed decision-making by integrating voice, instant messaging, multimedia conferencing and presence services to reduce delays in connecting people and information. This solution also supports mobility, enabling remote and field personnel to benefit from the same services.
An open, SIP-based software product, Nortel's Application Server 5300 will comply with federal IPv6(2) and DoD assured services requirements to enable secure, resilient VoIP and unified communications using commercial, off-the-shelf computing hardware. SIP is a next generation signaling protocol designed to accelerate delivery of new services, reduce costs and facilitate interoperability between vendors.
"Security and reliability are of paramount importance to government agencies, and in particular to the military," said Chuck Saffell, chief executive officer of Nortel Government Solutions, which provides a variety of communications networking technologies and IT services for government organizations including the U.S. Social Security Administration, the U.S. Senate and the U.S. Department of Defense.
"We're experts at developing highly secure, reliable and scaleable solutions that meet or exceed the most rigorous government requirements," Saffell said. "With Application Server 5300, we have a solid platform based on proven Nortel technology that can help government agencies maintain high security and reliability while transforming their networks to VoIP and unified communications."
Nortel Application Server 5300 will also support multi-level precedence and pre-emption, a DoD-compliant command and control mechanism that enables the most critical communications priority over existing calls.
Nortel Government Solutions is demonstrating Application Server 5300 at DISA (Defense Information Systems Agency) Customer Partnership Conference 2008(2) in Orlando, Fla. Initial availability with JITC(2) (Joint Interoperability Test Command) certification is planned for September 2008. IPv6 and DoD assured services compliance are anticipated in the first half of 2009 and will be available via software upgrade.
About Nortel Government Solutions
Nortel Government Solutions is a network-centric integrator, converging IT services and communications to help government ensure the security, livelihood, and well being of its citizens. Headquartered in Fairfax, Va., Nortel Government Solutions offers a one-stop shop for solutions designed to improve workforce productivity, reduce operating costs and streamline inter-agency communications. Please visit www.nortelgov.com for more information.
About Nortel
Nortel is a recognized leader in delivering communications capabilities that make the promise of Business Made Simple a reality for our customers. Our next-generation technologies, for both service provider and enterprise networks, support multimedia and business-critical applications. Nortel's technologies are designed to help eliminate today's barriers to efficiency, speed and performance by simplifying networks and connecting people to the information they need, when they need it. Nortel does business in more than 150 countries around the world. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.
Certain statements in this press release may contain words such as "could", "expects", "may", "anticipates", "believes", "intends", "estimates", "targets", "envisions", "seeks" and other similar language and are considered forward-looking statements or information under applicable securities legislation. These statements are based on Nortel's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which Nortel operates. These statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and the actual outcome may be materially different from those contemplated in forward-looking statements. For additional information with respect to certain of these and other factors, see Nortel's Annual Report on Form10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC. Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
(1)Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks. Nortel Government Solutions and the Nortel Government Solutions logo are trademarks of Nortel Government Solutions Incorporated.
(2)This is a 3rd party link as described in our Web linking practices.
Use of the terms "partner" and "partnership" does not imply a legal partnership between Nortel and any other party.
Contacts: Nortel Mark Buford (972) 362-1512 Email: mark.buford@nortel.com Website: www.nortelgov.com
SOURCE: Nortel Government Solutions
mailto:mark.buford@nortel.com http://www.nortelgov.com
Copyright 2008 Market Wire, All rights reserved.
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