FOX Translator
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You're at a fruit market. But, instead of just being able to buy apples at this fruit market, you can also sell fruit.
You're not a farmer, so you come to the market to buy some apples and you see two fruit stands. Fruit Stand A on the left
is buying and selling apples at 50 cents apiece. However, Fruit Stand B on the right is buying and selling apples at 53 cents
apiece. People are buying and selling apples at these two stands all the time, and the price at a stand could change at any
moment. But, while you're there, apples are 50 cents and 53 cents, respectively.
You're a smart person, and you quickly
realize that you can buy apples from Stand A and then sell them across the street to Stand B and make a 3-cent profit. But
you have to do it now; you can't wait. So you buy all the apples at Stand A and then run to sell them all to Stand B.
Congratulations.
You've committed fruit-stand arbitrage.
Arbitrage is exactly that: the selling of the same item between two different
markets to make a profit off the mathematical differences in price. However, it's not apples that are traded--the goods in
question are usually stocks, currencies and other securities. Arbitrage happens when you get a stock, usually a common one
like General Electric that's traded on multiple markets (Japan, Hong Kong, U.S., etc¿). The stock is usually worth within
fractions of a penny the same on each of those markets. However, there are often some minor variations.
People who
participate in arbitrage take advantage of these variations--and make a ton of money doing it. As seen in the fruit stand
example, you can make a "riskless profit" from buying and selling apples between different markets.
There are some
big hedge funds that make almost all their money off arbitrage. But, despite this simple example, arbitrage is mathematically
complex--and involves a good portion of risk if you don't know what you're doing. You probably won't be able to participate
in arbitrage directly, but you can always invest in a mutual fund that does.
Home / Markets / Industries / Telecom
Tuesday, July 22, 2008
Suo Cable Net Selects Alcatel-Lucent for First Commercial GPON Deployment in Japan
Comtex
KUALA LUMPUR, Malaysia, FTTH Council APAC, Jul 22, 2008 (PR Newswire Europe via COMTEX) ----Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced it has been selected by Suo Cable Net, a Japanese cable-TV operator, to design, integrate and deploy a Gigabit Passive Optical Network (GPON) solution. This new network, which will enable Suo Cable Net to begin rolling out high-speed Internet and video services this month, will be the first commercial GPON deployment in Japan.
With more than 10 million fiber-to-the-home (FTTH) subscribers, Japan is one of the most advanced countries in terms of high-speed broadband coverage. GPON technology will elevate Japan's end-user broadband experience, supporting downstream capacities of up to 2.5 Gbps. This will significantly outpace the widely used Gigabit Ethernet Passive Optical Network (GEPON) 1 Gbps downstream bitrates, enabling much faster delivery of content and the ability to handle extremely large files such as full-length movies.
"With Alcatel-Lucent's industry-leading GPON solution, we will be able to offer our customers broadband capacities that support the delivery of high-definition TV and high-speed Internet services," said Tetsuaki Kanai, Vice President of Suo Cable Net.
Alcatel-Lucent will deploy its 7342 Intelligent Services Access Manager Fiber-to-the-User (ISAM FTTU) solution, leveraging GPON technology to multiplex video and data services onto a single fiber. This solution supports a 2.5 Gbps downstream capacity, which will enable the highest bandwidth mass-market offering, allowing the service to deliver more content at higher speeds. Alcatel-Lucent's 7342 ISAM FTTU solution is complemented by the widest range of optical network terminals (ONTs) - supporting FTTH, fiber-to-the-building (FTTB) and mobile backhaul. By selecting Alcatel-Lucent to integrate, test and manage the deployment of the network, Suo Cable will lower their deployment risk.
"We are very excited to be part of the first-ever commercial deployment of GPON technology in Japan," said Frederic Rose, President of Alcatel-Lucent's activities in Europe, Africa and Asia. "FTTH architectures are clearly the end-game of any planned or ongoing access network transformation. GPON stands out as the optimal and most cost-effective FTTH technology option - thanks to its stability, scalability, flexible management and operations, as well as its guaranteed evolutionary path. GPON will allow Japanese end-users to truly experience the power of next-generation triple-play services."
Alcatel-Lucent is engaged in more than 80 FTTx projects worldwide, over 60 of which are with GPON. Leading service providers such as Verizon, France Telecom, Neuf Cegetel, Hanaro Telecom and Hong Kong Broadband Network Limited have adopted Alcatel-Lucent's GPON solution. Alcatel-Lucent's GPON has also been selected by utility companies (a.o. NRGi Fibernet, JAnkAping Energi, Bristol Virginia Utilities), municipalities (a.o. Arvidsjaur, Tidaholm (Sweden)), and regions such as Asturias (Spain).
About Suo Cable Net
Suo Cable Net is in charge of providing Cable TV services in Yanai City. Cable TV is a key measure for the city to aim the information-oriented society with better Internet connectivity and to respond demands for receiving digital TV programs which are in line with the country's "e-Japan" initiatives.
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com
Alcatel-Lucent Press Contacts: Regine Coqueran, Tel: +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Mark Burnworth, Tel: +32(03)240-3881, mark.burnworth@alcatel-lucent.com; Alcatel-Lucent Investor Relations: Remi Thomas, Tel: +33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com; Tom Bevilacqua, Tel: +1-908-582-7998, bevilacqua@alcatel-lucent.com; Tony Lucido, Tel: +33(0)1-40-76-49-80, alucido@alcatel-lucent.com; Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com
Copyright (C) 2008 PR Newswire Europe ********************************************************************** As of Friday, 07-18-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-11-2008 for ALU @ $6.71. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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