Premium Essay


In: Business and Management

Submitted By ekittson1
Words 515
Pages 3
CASE SUMMARY NAME: Daniel Hughes DATE: 3-15-13 CASE TITLE: Communications Satellite Corporation (1) BACKGROUND: In January of 1975 the Federal Communications Commission concluded an 11-year investigation of the appropriate economic regulation of the Communications Satellite Corporation (Comsat). The FCC is looking to decide on many issues, including the determination of a fair rate of return on Comsat’s cost of capital. Comsat had suggested a 12% rate of return for the period of 1964 to 1974 and 15% thereafter. However, the FCC’s staff has presented evidence to contradict that of Comsat. (2) MAJOR PROBLEM(S): The major issue is calculating how the FCC can determine Comsat’s fair rate of return and cost of capital and what fair rate of return is appropriate for Comsat’s particular level of risk? (3) ALTERNATIVE COURSES OF ACTION: The FCC could determine Comsat’s fair rate of return using one of the three following methods: 1. The indirect approach of discount cash flow (DCF) approach, incorporating a dividend growth model suggested by Dr. Eugene Brigham, a Comsat witness 2. The approach of Dr. Willard Carleton, the trial staff’s witness – a methodology as presented as ke = Rf + risk premium 3. The capital asset pricing model (CAPM) suggested by Dr. Stewart Myers, a rebuttal witness for Comsat (4) BRIEF ANALYSIS OF ALTERNATIVES: 1. Dr. Brigham’s study estimated Comsat’s cost of equity in 1964 between 12% and 14% and in 1971 between 11% and 13%. This study included mostly industrial firms rather than utility firms. In addition, it is not revealed if the sample firms were capitalized on a 100% equity base as is Comsat. This method should not be accepted since the sample firms were not other enterprises having corresponding risks in relation to Comsat. 2. Dr. Carleton’s study estimated Comsat’s cost of equity…...

Similar Documents

Premium Essay

Impact of Ownership Concentration on the Operating Performance of Pakistani Firms

...Asian Economic and Financial Review, 1(3),pp.147-150 2011 Impact of Ownership Concentration on the operating Performance of Pakistani Firms Author Waseem Anwar Center for Excellence in Research, Department of Management Sciences COMSATS Institute of Information Technology, Lahore, Pakistan. Email: This study investigates the Impact of Ownership Concentration on the operating performance of Pakistani firms. Sample of 50 non-financial firms is selected from KSE-100 index of Karachi Stock Exchange of Pakistan. Descriptive analysis shows that there is an immense level of ownership concentration in Pakistani firms. Regression analysis suggested that there is a significant positive correlation among ownership concentration and firm’s operating performance. Naila Tabassum Center for Excellence in Research, Department of Management Sciences COMSATS Institute of Information Technology, Lahore, Pakistan. E-mail: Key Words: Ownership Concentration, Operating Performance Introduction In this research, we scrutinize the affect of ownership structure on company performance. The relationship between ownership structure and performance has always been the area under discussion in the literature of corporate finance. The discussion on this area was started with the thesis of Berle and Means (1932). They argued that defuse ownership is inversely correlated with performance of a company. Most of the earlier studies found a positive......

Words: 1631 - Pages: 7

Free Essay


... | | |Religion: Islam | | |Marital Status: Single | | |EDUCATION | | | | |2008 – 2010 |Master Of Business Administration (MBA Finance) | | |From COMSATS Institute of information technology Lahore | | | | |2005 – 2008 |Bachelor of commerce (B.COM.) | | |From University of the Punjab, Lahore | | | | |2003 – 2005 |FSC(Pre Engineering) ...

Words: 305 - Pages: 2

Free Essay

Dr. Abdullah

...Dr. Abdullah Khurram ------------------------------------------------- BS Emergency, B.Sc Medical. DHMS, RHMP. Diplomate Disaster Management S/O Khurram Saeed D.O.B: 7th November 1987 Domicile: Punjab Address: 56-A, F block, Johar Town, Lahore. Punjab, Pakistan. Mob. +92 331 7129200 , +92 315 6519495 Email: ACADEMIC QUALIFICATIONS 2014 – 16 (continued – Distant learning)) – M.phil MS Project Management (1st semester Continued) COMSATS institute of Information & Technology Virtual Campus, Islamabad 2013 – Postgraduate Diplomate Disaster Risk Management (PGD – 3.5 GPA) Disaster Research institute, Preston University Islamabad 2013 – Masters Medical Emergency & Intensive Care Technology Institution: Nishtar Medical College, Multan University of Health Sciences, Lahore 2010 - DHMS Diploma in Homeopathic Medical Sciences Institution: Dr. Noor Homeopathic Medical College, Multan (Registered with Pakistan Council for Homeopathy, Islamabad) 2009 - Graduation B.Sc Medical Sciences Institution: Emerson College, Multan. (Affiliated with Bahauddin Zakariya University, Multan Recognized by......

Words: 543 - Pages: 3

Free Essay

Problems Faced by Muslim World

...Process Election Commission of Pakistan (ECP)announced the printing of computerized electoral rolls, the first of its kind database which resulted in the elimination of 35 million bogus voters off the list.[19] In 2012, the ECP awarded contracts for the development and testings of the Electronic voting machines (EVM) to KRL, NUST, and COMSATs.[20] On 24 January 2013, the ECP approved electoral reforms ahead of the upcoming general elections. According to the approved reforms, the entire government machinery would come under the authority of the ECP once the election schedule is announced. Another clause in the reforms also empowers the ECP with administrative authority over the announcement of the election schedule. Moreover, the Election Commission would be allowed to make transfers and postings of high-ranking officials including Inspector Generals, secretaries and chief secretaries. The motive behind these reforms is to ensure transparency of the upcoming general elections, which the Chief Election Commissioner had termed crucial.[21] Schedule * March 30, 2012: Contracts for the Electronic voting machines (EVM) were awarded to KRL, NUST, and COMSATs.[20] * August 1, 2012: The Election Commission of Pakistan announces 2012 general elections would be held on the basis of same old constituencies.[22] * December, 2012: The Supreme Court of Pakistan orders delimitation of constituencies and door-to-door verification of voters with the help of Pakistan Army in......

Words: 1253 - Pages: 6

Premium Essay

Unit 9

...transmitter antenna to receiver antenna. #30. The CRITICAL FREQUENCY is the maximum frequency that a radio wave can be transmitted vertically and still be refracted back to Earth. The CRITICAL ANGLE is the maximum and/or minimum angle that a radio wave can be transmitted and still be refracted back to Earth. In radio transmission maximum usable frequency (MUF) is the highest radio frequency that can be used for transmission between two points via reflection from the ionosphere ( skywave or "skip" propagation) at a specified time, independent of transmitter power. This index is especially useful in regard to shortwave transmissions. #32. Maximum useable Frequency. #33. Critical angle Frequency. #42 A communications satellite or comsat is an artificial satellite sent to space for the purpose of telecommunications. #43. A geostationary satellite is an earth-orbiting satellite, placed at an altitude of approximately 35,800 kilometers (22,300 miles) directly over the equator, that revolves in the same direction the earth rotates (west to east). Low Earth Orbit (LEO) satellites are in an orbit about 400 to 800 miles above the Earth’s surface - far below geostationary (GEO) satellite orbit. Orbits lower than this are not stable, and will decay rapidly because of atmospheric drag. CHAPTER 14 ANTENNAS #7. Polarization is the direction of the electric field of a given electromagnetic radiated......

Words: 412 - Pages: 2

Premium Essay


...backgroung will assess employees according to his own mind and thinking.-----There will be un-justice.-----Demotivation etc-----Employee are aware of their rights and speak for their rights. | Apr 5, 2015 | 5 | Reply GDB | 4 | MGT599 | What do you understand about Strategy, How it will help you in your real life? Explain with real life examples.  Strategy is a high level plan or method to achieve a goal or desired future under conditions of uncertainity.Strategy may be long time or for short time.Strategy can solve any is a tool for achievement.It will help in real life as if i make strategy for any task, work in future .if i make a strategic plan according to my task or future plan.Example: I made a stratety for doing EMBA from COMSATS with my 9 hours daily job so that no disturbing in job and to do EMBA with good marks.I made strategy as:          I will take admission in  Distance Learning Course          I will do my preparation at eveing time.           i will change my duty to night shift during exams.           i will focus mostly on Text Lectures This strategy made my decision complete.and i completed my EMBA accordingly. | | Apr 5, 2015 | 5 | |...

Words: 722 - Pages: 3

Free Essay

Feasibility Study

...and guiding the work of others. Goal oriented, excellent interpersonal and communication skills. Ambitious for a career in a challenging environment to utilize my skills and knowledge. Sincerely yours, Subhan Ullah Education Qualification Study Program | Name and type of organization | Board | Obtain Marks/CGPA | Matriculation | Govt High Scholl Gulmuqam Malakand | From BISE Malakand | 764 | Intermediate | Govt Degree College Dargai Malakand | From BISE Malakand | 757 | BBA(Hons) | Hazara University Mansehra Pakistan | University Mansehra | 3.5 | Computer programs: Name and type of organization | Comsat Institute of Computer Science Peshawar, Pakistan | | Microsoft office | | Adobe Photoshop | | Hardware | | Networking | other courses: Dates | Jan 2011- Dec 2011 | Name and type of organization | Comsat Institute of Computer Science Peshawar, Pakistan | Title of qualification awarded | DIT- Diploma of Information Technology | Dates | May 2011- May 2014 | Name and type of organization | Al-Azhar English Language & Grammar Academy Peshawar, Pakistan | Title of qualification awarded | DEL (Diploma of English Language) | Dates | June 2011-July 2014 | Name and type of organizationTitle of qualification awarded | Modern English Language Institute Peshawar, PakistanIELTS (International English Language Testing System) | Dates | Jan 2014-Jan 2014 | Name and type of OrganizationTitle of qualification awarded |......

Words: 624 - Pages: 3

Free Essay

Wireless Power Transfer Techniques

...J. Basic. Appl. Sci. Res., 4(1)321-326, 2014 © 2014, TextRoad Publication ISSN 2090-4304 Journal of Basic and Applied Scientific Research A Comparative Study of Wireless Power Transmission Techniques A. Mahmood1, A. Ismail1, Z. Zaman1, H. Fakhar1, Z. Najam1, M. S. Hasan1, S. H. Ahmed3 1 COMSATS Institute of Information Technology, Islamabad, Pakistan 2 University of Alberta, Alberta, Canada 3 SCSE, Kyungpook National University, Korea Received: November 2 2013 Accepted: December 2 2013 ABSTRACT The advent of various wireless technologies have revolutionized the communication infrastructure and consequently changed the entire world into a global village. Use of wireless technology has also been made for transmission of electric power wirelessly. It can reduce heavy line losses; increase the portability of power systems. It also integrates the communication technologies and electric power to the same platform. This paper presents a comprehensive review and detailed analysis of various techniques used for wireless power transmission. Role of wireless power transmission in applications of smart grid like electric vehicle charging has also been covered. Feasibility, implementations, operations, results and comparison among different methods have been elaborated in order to identify the favourable and economical method for low power and small distance applications. KEYWORDS: Power systems, Wireless power transmission, Magnetic resonance. INTRODUCTION Role of......

Words: 3072 - Pages: 13

Free Essay

Pak China

...Center. Excellent exhibition. If you are in Islamabad, or even if you have to come here, do go and visit it. This is how Universities Build Economies. Congratulation COMSATS” This year PCBF2015 is expected to yield much bigger and better business deals and MoUs. The forum is scheduled to be held from 27th to 30th March 2015. The Venue for Pak-China business Forum 2014 is Pak-China Friendship Center, Islamabad. Partners: Following are the event partners: 1. Commission on Science & Technology for Sustainable Development in South (COMSATS) 2. Higher Education Commission, Pakistan (HEC) 3. Ministry of Science and Technology (MOST) 4. National Testing Service (NTS) 5. Capital Development Authority (CDA) History: Why it is started? Pak – China Business forum (PCBF) was Started to link up and to promote/encourage Universities – Industry Collaboration in various sectors of business and economic development between Pakistan and China. PCBF is providing the platform to China and Pakistan entrepreneurs, businessmen and other communities to interact between them, explore the various possibilities of direct investment from China and also provide opportunities to Pakistani to work in fast growing Chinese market. When it is started? Pak – China Business forum (PCBF) is organized by COMSATS institute of information technology from the last 3 years. First Pak – China Business forum started on 15 – 18, April 2012 and held at Pak – China......

Words: 1322 - Pages: 6

Premium Essay

Factors Affecting Study Habits of Students

...Development, 34:3, 641-657, DOI: 10.1080/07294360.2014.973376 To link to this article: Published online: 14 Nov 2014. Submit your article to this journal Article views: 135 View related articles View Crossmark data Full Terms & Conditions of access and use can be found at Download by: [COMSATS Headquarters] Date: 22 October 2015, At: 14:24 Higher Education Research & Development, 2015 Vol. 34, No. 3, 641–657, Complex dynamics in academics’ developmental processes in teaching Caroline Trautweina*, Matthias Nücklesb and Marianne Merktc a Centre for Higher and Further Education, University of Hamburg, Hamburg, Germany; Department of Educational Science, University of Freiburg, Freiburg, Germany; cCentre for Academic Development and Applied Higher Education Research, Magdeburg-Stendal University of Applied Sciences, Magdeburg, Germany Downloaded by [COMSATS Headquarters] at 14:24 22 October 2015 b Improving teaching in higher education is a concern for universities worldwide. This study explored academics’ developmental processes in teaching using episodic interviews and teaching portfolios. Eight academics in the context of teaching development reported changes in their teaching and change triggers. Thematic analyses revealed seven areas of change: participants......

Words: 7439 - Pages: 30

Premium Essay

It Engineer

...Firewall management. RESEARCH Published Waqas Haider, Abdul Wahab "A review on Cloud Computing Architectures and Applications" Vol.2. No.4 (2011) of Computer Engineering and Intelligent Systems Under Review • Abdul Wahab , Waqas Haider, Muhammad Sharif, Mudassarr Raza “The Realization of Personalized E-Learning platform based on 3G Mobile phone and NGN control frame work for SIP based IP Networks”, TURKISH JOURNAL OF ELECTRICAL ENGINEERING & COMPUTER SCIENCES • Abdul Wahab , Waqas Haider, Muhammad Sharif, Mudassarr Raza “A Hybrid Method of Edge Continuity based on Pixel Neighbor Pattern Analysis (PNPA)”, ERCEMAPI 2011 - Artigos ACADIMICS BS Telecommunication and Networking August 2009 at Comsats institute of IT, Wah Cantt., punjab, Pakistan, with (Grade/GPA) 65.7% Wireless Network, Packet Switching, Network Design, Network Mgmt, GPRS, WIMAX, CDMA, WCDMA, 3G, NGN, SIP, RTP, H.248, GSM DAE in Computer Technology June 2005 at KRL Institute of Technology., Kahuta, Punjab, Pakistan, with (Grade/GPA) 76.4% Computer programming(java. C++), Data communication, Micro-Processor architecture, Electronic Devices REFERENCE Muhammad Sharif Malik Professional Asst. Professor, CIIT Wah Cantt., Pakistan Contact: 0300-5188998 Orangzeb Naizi Professional Deputy Director., NTC HQ, Islamabad, Pakistan Contact: 0321-6906433, Mohsin Tariq......

Words: 387 - Pages: 2

Free Essay

Case Study of National Bank Pakistan

...customer satisfaction and intentions to switch. This study investigates the relationship between perceived performance, satisfaction and behavioural intention, and the extent to which each is associated with actual performance, customers' attributions for problems, experience and the level of performance which customers think is possible. The results show that actual performance has both a direct and indirect effect (via perceived performance) on satisfaction. Perceived performance and satisfaction are significantly associated with customer standards of the best possible Student of MS Management sciences at COMSATS Institute of Information Technology. Assistant Professor COMSATS Institute of information Technology Abbotabad. 3 Student of MS Management sciences at COMSATS Institute of Information Technology 4 Assistant Professor at the department of Management sciences, COMSATS Institute of information Technology 2 1 performance, and satisfaction is also associated with the customer's attribution of the' cause of performance problems. While satisfaction was significantly associated with intention to re-purchase, a significant interaction was found between customer experience and satisfaction. The study also identifies significant bias in customers' assessment of performance. This bias had an asymmetric effect on satisfaction; under-estimation of performance was associated with decreased satisfaction, but over-estimation of performance was not associated with any......

Words: 3294 - Pages: 14

Free Essay

Caso Comsat

... | Surco, 25 de Noviembre del 2,011 ¿Cuán riesgoso es una inversión en capital en COMSAT, comparado con una inversión en AT&T u otros valores? Los riesgos de inversión en los inicios de COMSAT, es muy alta, debido a que no poseía garantías tangibles, inestabilidad en la proyección de sus flujos de ingresos futuros y los riesgos no previstos a los que el proyecto debería de enfrentarse. Pero el éxito de sus primeras operaciones y su capacidad para mantener el servicio era excelente (mantenía material de repuesta en el suelo), logro que en 1975 dispusiera de material de apoyo para la totalidad de sus instalaciones en tierra; lo cual le permitió que de un servicio fiable y mayor a las expectativas planificadas. Pero observando el anexo 9, podemos observar que la inversión en COMSAT es mas riesgosa que en AT&T, ya que en el periodo 1964 -1970 el beta de COMSAT es 1.69, y el beta de AT&T es 0.70, y su desviación estándar de la rentabilidad en ese mismo periodo es 11.2, mientras que la de AT&T es 4.3. Su riesgo de inversión es similar a las de las 11 grandes líneas aéreas (considerando el mismo periodo). Si se compara con otros valores como los de las 24 empresas de servicios Moody, 7 empresas de oleoductos, 14 grandes empresas de alimentación, los riesgos son altos, ya que los beta de estas empresas están muy por debajo del valor que la que tiene COMSAT Su riesgo de inversión es similar al de las 33 empresas químicas, 20 grandes empresas de......

Words: 1223 - Pages: 5

Free Essay

Ali My Paper Is a Unique Research in Hotel Paris

...National Grassroots ICT Research Initiative – (2015-16) Final Year Project (FYP) Nomination Form University/Institute Detail: Name of University/Institution | COMSATS institute of information and technology | University/Campus Address: | Sahiwal | Telephone & Fax No: | 040-4305005 | Department Name: | Computer Science | City: | Sahiwal | Province: | Punjab | Nominated Project Details:- Project Supervisor Name and Designation: | Zafar Iqabal Roy(Assistant Professor) | Contact Details: | Email: roy_zafar@ciitsahiwal.eduCell No Off No: 0321-4960054 | Project Supervisor Qualification: | MS (CS) | No of Publications of Supervisors: | 1 published2 submitted | Students Name(s): | 1. Muhammad Waqar Ali 2. Rao Saad Ali khan 3. Awais Ashraf | Students Mobile No: | 1.0322-38349092.0344-42197933.0302-7302850 | Students CGPA | 1. 2.472. 2.773. 2.28 | Students Email: | 1. 2. 3. | Degree Programme/ Title: | BS(CS) | Area of Specialization: | Android app development | Final Year Project Details: A. Project Title: | Home automation via cross platform | B. Project Start Date: | 7/9/2015 | C. Project Finish Date: | 25/4/2016 | D. Project Summary (less than 200 words) | | Home automation system is a system which can control all appliances in our homes using mobile application. This system is working using Bluetooth......

Words: 700 - Pages: 3

Premium Essay

Insurance inculcate a spirit of entrepreneurship in youth and eventually, they can play a leading role in the national building carrying out entrepreneurship activities coming into practical life. The state should provide full support to such initiatives that would not only help in building a sizable population of entrepreneurs, but also act as an engine of growth in the economic development of a country. Islamabad Chamber of Commerce & Industry greatly supports promotion of entrepreneurship culture in youth and have created strong linkage with the universities. Business experts give lectures in the universities and student’s innovative ideas are encouraged through Business Plan Competitions. In March next year, ICCI in collaboration with Comsats University, Islamabad is organizing a big exhibition that will bring together students from across the country, who will introduce their innovative research ideas. An Entrepreneurship Development Center is being developed in ICCI which will provide a road map to the students and prospective entrepreneurs that how they can start new business ventures. Various training programs will be organized in collaboration with the universities and national institutions because we believe our youth have great potential to perform but they need guidance and mentorship to growth in entrepreneurship....

Words: 687 - Pages: 3