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Melcior de Ferrer i de Manresa (Peralada, l'Alt Empordà, 1821 - la Bisbal d'Empordà, el Baix Empordà, 18 de maig de 1884) fou un compositor català, autor d'una variada obra que anava des de les peces corals a les simfòniques i instrumentals, passant pel lied, el motet i obres vocals de tema religiós, entre les quals destaquen dues misses de rèquiem, dues de glòria i un Stabat Mater (1873). Va escriure una òpera en dos actes, Giuditta que va ser estrenada el 1855 a Girona, i una sarsuela, Una broma pesada. També és autor de Primera fantasia (1843), d'una simfonia per a orgue i una Simfonia fúnebre, per a quatre mans.

Biografia
De Ferrer va néixer en el si d'una família aristocràtica: sa mare era la cinquena marquesa de Puerto Nuevo. Va estudiar el batxillerat al col·legi dels jesuïtes de Niça, on va aprendre a tocar l'orgue. De seguida va interpretar alguna peça en diades assenyalades o durant la visita de personalitats de relleu. En aquest període va establir amistat amb el poeta Auguste Maistre i amb l'escriptor Theophile Blanc, que més tard seria canonge degà de la catedral de Perpinyà.

Un cop acabat el batxillerat es trasllada a Itàlia per estudiar dret a la Universitat de Bolonya i entra de ple en el ric ambient musical de l'època, cosa que estimulà encara més la seva vocació de compositor i intèrpret. En aquells moments la Itàlia melòmana s'entusiasma amb Rossini, Bellini i Donizetti, i comença a escoltar Verdi. Solera, un dels llibretistes de Verdi, és contractat també per Ferrer per escriure el text de la seva òpera. Va esdevenir un mestre de la composició. Amb una certa experiència, va tornar a Barcelona on va estudiar amb el cèlebre mestre de capella de Santa Maria del Mar, Josep Barba, el qual l'ajuda a escriure un interessant mètode de composició.

Melcior de Ferrer, cosmopolita i culte, es casa amb una pubilla bisbalenca d'un extens patrimoni, Pietat de Lloret i Ponach, i a partir d'aquell moment viu a la capital del Baix Empordà, on organitza vetllades familiars amb l'assistència de convidats per als quals compon tot un seguit de valsos i lieder amb acompanyament de piano. La majoria d'aquestes melodies tenien text en francès dels seus amics Maistre i Blanc. Aquest tipus de cançons estaven de moda en les cases senyorials de l'alta burgesia i de les corts reials d'arreu d'Europa a finals del .

Sembla que Ferrer va exercir la seva influència per tal que Joan Carreras i Dagàs es desplacés a la Bisbal per ser l'organista de la parròquia. Aquest fet és significatiu si tenim en compte que Carreras fundaria una escola de música amb molt de prestigi i decisiva en la formació de bons instrumentistes i en la posterior fundació de la cobla la Principal de la Bisbal.

Com a curiositat, Ferrer va escriure el 1867, en català, el Llibre de guisados, un receptari amb plats escollits particularment de la cuina estrangera, en el qual ens ofereix 83 receptes amb diverses mostres de la cuina italiana i francesa d'aquell moment. El llibre també conté un mostrari de plats de la cuina i de rebosteria catalana. Ferrer era considerat un dels més importants propietaris de la zona, ja que figurava en quinzè lloc entre els cinquanta hisendats de les comarques que envolten Girona, segons publicava un Butlletí Oficial de la província de Girona de l'any 1872.

Els darrers anys de la seva vida va alternar les estades a la Bisbal amb llargues temporades al carrer de la Riera de Sant Joan de Barcelona.

Melcior de Ferrer va morir a la Bisbal el 18 de maig de 1884 després d'enllestir la revisió del rèquiem, compost arran de la mort de la sa mare, per a ell mateix. S'estrenava solemnement uns dies després en el funeral que se celebrà a la catedral de Barcelona. El papa Lleó XIII li havia atorgat el títol pontifici de baró de Ferrer l'any 1881.

Obra
La seva obra és extensa i variada, i pertany clarament a l'estètica romàntica, amb acurades i recreades melodies, temes sentimentals, a voltes amorosos i d'altres fúnebres. Dins d'aquest corrent, els textos religiosos s'adeien bé als romàntics, com l'Stabat Mater que Ferrer compongué per a la Societat Filharmònica i que s'estrenà per la Setmana Santa de 1948; és una de les peces més reeixides de la seva producció. Els diaris del dia 21 d'abril d'aquell any, com el Diari de Barcelona i El Fomento, hi dediquen tota mena de lloances, tant pel que fa a la composició com a la interpretació. Fa també incursions en la música escènica, amb l'òpera Giuditta, estrenada l'any 1985 al Teatre Municipal de Girona, i la sarsuela Una obra pesada. Se'n coneixen també quatre misses, dues de glòria i dues de rèquiem.

Ferrer, malgrat que actualment roman pràcticament en l'oblit, va gaudir de molta fama i les seves obres van formar part dels repertoris de les principals capelles de música de Barcelona i de tota Catalunya, al costat d'autors de renom. Es conserven obres seves als fons musicals de la catedral-basílica de Terrassa (TerC), parròquia de Santa Maria de Mataró (MatC), catedral de Tarragona (TarC), Salvador d'Horta Bofarull (SHB), basílica de Castelló d'Empúries (CdE) i fons Casa Carles (GiCar).

Referències

Compositors d'òpera catalans
Peraladencs
Compositors altempordanesos
Compositors catalans del sud del Romanticisme


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APY earnings call for the period ending September 30, 2018.
Good morning and welcome to Apergy Corporation's Third Quarter 2018 Conference Call. Your host for this morning's call is David Skipper, Vice President and Treasurer at Apergy.
I'll now turn the call over to Mr. Skipper. You may begin.
Thank you, good morning, everyone. With me today are Soma Somasundaram, President and CEO of Apergy; and Jay Nutt, Senior Vice President and CFO of Apergy. Yesterday, Apergy released its results for the third quarter of 2018. If you have not received a copy, you can find that information on the Company's website at www.investors.apergy.com, including the slides referred to in today's call.
During today's call, Soma will discuss Apergy's third quarter highlights and strategy; Jay will then discuss our third quarter results in more detail and he will be referring to the slides posted on our website. He will then turn the call back to Soma to discuss our growth initiatives and market outlook. And then we will open the call for Q&A.
I want to remind listeners that the news release issued yesterday by Apergy, the Company's prepared remarks on this conference call and the related question-and-answer session include forward-looking statements. These forward-looking statements include projections and expectations of the Company's performance and represent the Company's current views and beliefs. Various factors could cause results to differ materially from those projected in the forward-looking statements. Information concerning risk factors that could affect the Company's performance and other unforeseen challenges and uncertainties could cause actual results to differ materially from those in the forward-looking statements, can be found in the Company's press release as well as in Apergy's registration statement on Form 10 and notes set forth from time to time in Apergy's filings with the Securities and Exchange Commission, which are currently available at www.apergy.com. Except as required by law, the Company expressly disclaims any intention or obligation to revise or update any forward-looking statements.
And in addition, our discussion today will include non-GAAP financial measures. For reconciliations of our non-GAAP financial measures to our GAAP results, please see yesterday's press release and our Form 8-K furnished to the Securities and Exchange Commission.
I will now turn the call over to Soma to discuss Apergy's third quarter results.
Thank you, David. Good morning, everyone. I'm pleased to report that we posted another solid quarter, and we are delivering strong results as a stand-alone publicly traded company. We executed well in the quarter and continued to achieve key milestones and made solid progress on our growth initiatives. From maintaining our technological molten polycrystalline diamond cutters to driving market share gains in ESP, to developing and delivering technology with impact with our digital products, Apergy is performing well. Our teams continue to remain focused on supporting our customers and delivering a differentiated performance.
Turning now to our financial results from the third quarter, revenues increased by $58 million, up 22% year-over-year. Our revenue growth was driven by solid results in both of our operating segments.Consolidated adjusted EBITDA increased by 34% year-over-year, reflecting strong execution and operating performance in both of our segments. As a result, consolidated adjusted EBITDA margin increased to 25% from 23% in the third quarter of 2017. Additionally, we paid down $20 million of debt in the quarter, which demonstrates our commitment to our capital allocation priority. Both of our segments performed very well in the third quarter.
In our Production & Automation technology segment, we posted strong growth, both in our artificial lift product line and our digital portfolio. All of our artificial lift product lines posted growth with ESP posting another strong growth performance. We continue to benefit from our full suite of artificial lift products which enables us to provide the right technology to our customers to efficiently produce at every stage of the wells' lifecycle. This capability helps us to produce revenues throughout the life of the wells.
Digital products recorded significant growth at 46% year-over-year, driven by strong market activity and increasing adoption of our new products. Growth in our digital portfolio was broad-based in Q3 led by downhole monitoring product.
In Drilling Technologies, revenue increased 27% year-over-year, significantly outpacing the year-over-year worldwide rig count increase of 8%. This outperformance was driven by market share gains in polycrystalline diamond cutters and continued adoption of our diamond bearing technology. We continue to advance our shaped cutter technology. The strong results in our diamond cutter business is driven by our teams collaboratively working with our drill bit customers to solve difficult drilling problems and achieve lower cost per foot of drilling.
International activity continues to improve. We are seeing improved activity in Latin America, particularly Argentina and Colombia, where we are continuing to gain traction. Rod lift activity continues to improve in Middle East, however, pricing environment continues to be challenging. Improvement in activity in Australia is driven by growth in our progressive cavity pump and rod lift product lines.
Before I turn the call over to Jay to take you through the details of the consolidated and segment financial results, let me take a few minutes to recap our operating philosophy and culture. Our operating philosophy is built on three simple tenants. First, we always be relentless advocates for our customers. If our customers win, we win too. Second, we develop and deploy technology with impact that drives, safety, efficiency, and productivity. And third, we are driven to improve with a culture of continuous improvement.
Our strategy and the work we do are highly focused around providing products and technology that drives our customer success. This customer-centric strategy allows for decision making that is closer to the customer and guides our operating philosophy. We believe focus, speed, quality, service and customer-driven innovation are clearly the differentiators that set Apergy apart.
At the heart of Apergy, is a highly motivated team of over 3,200 employees around the world that are focused on a collaborative approach to solving problems for our customers. We have a deeply rooted cultural foundation and we are driven to help our customers succeed. We clearly view our culture as a competitive advantage.
I want to share with you a recent proof point of our customer-centric culture. Frost & Sullivan, a global consulting & market research firm recently recognized Apergy with the 2018 Global Customer Value Leadership Award. Each year, Frost & Sullivan, based on their independent research presents this award to the company that demonstrates excellence in implementing strategies that proactively create value for its customers with the focus on improving the return on investment that customers making its products or services. We believe this award is recognition of the success of our customer-centric strategy.
Now, let me turn the call over to Jay.
Thanks, Soma. As David mentioned earlier, I'll be referring to the slides posted on our website. Beginning with Slide 4, Apergy maintains the momentum that was built coming out of the first half of the year and achieved another solid quarter of operational results. Revenue was $316 million for the third quarter, an increase of $58 million or 22% compared to the third quarter of 2017 performance and an increase of $11 million or 3% sequentially.
Year-over-year revenue growth in the US was $53 million or 27% and non-US revenue growth was $5 million or 8%. Adjusted diluted EPS was up $0.11 or 42% year-over-year to $0.37 as both of our segments continued to perform well in the current operating environment.
Cash flow in the quarter was lower than we achieved during the second quarter as we experienced a build in customer receivables late in the third quarter. As a result, we had a lower adjusted EBITDA conversion to cash from operating activities, less capital expenditures in the third quarter. We view this as a temporary challenge as we are already experiencing stronger collections during October and we're working with our customers to reduce outstanding balances and ensure more consistent and sustainable cash inflow going forward.
Turning to Slide 5, from a macro viewpoint, the longer-term industry fundamentals continue to be favorable for our businesses. Oil and gas prices have demonstrated some choppiness in response to geopolitical headlines and the typical variability caused by changes in supply and demand estimates but commodity prices have maintained a steady upward improvement throughout 2018. Likewise, worldwide rig count is still expanding up 8% year-to-date compared to the full year 2017 average worldwide rig count. And finally, global E&P spending is continuing to grow with increased spending in the United States, which is good for Apergy. Accordingly, we believe we are well positioned to take advantage of the favorable long-term market conditions and we're determined to capitalize upon opportunities with our customers in both of our reporting segments.
Moving to Slide 6, and looking at consolidated third quarter performance, net income in the quarter was $25 million and diluted earnings per share were $0.33. After adjusting for the impact of spin-off related items in restructuring and other related expenses in the quarter, adjusted net income was $29 million or $0.37 per diluted share in the quarter.
We generated adjusted EBITDA of $78 million during the third quarter compared to $58 million in the third quarter of 2017. Sequentially, adjusted EBITDA improved $2 million on the $11 million revenue increase. As a reminder, second quarter adjusted EBITDA benefited by approximately $2 million, driven by lower expenses associated with Dover's continued ownership of Apergy through May 8th. During the third quarter, our businesses continued to capitalize upon favorable market conditions and drove the improved profitability.
In the third quarter, net interest expense was $11 million, which was up sequentially from the second quarter. Once again, the previous quarter benefited from only a partial quarter of interest expense due to the timing of the spin-off. Our effective tax rate in the third quarter was 23%. Cash flow from operating activities in the third quarter was $34 million and as noted earlier, was negatively affected by the late quarter build in accounts receivable. As a result of the lower cash flow from operating activities, our adjusted EBITDA conversion to cash from operating activities, less capital expenditures was 25% in the quarter. This is below our typical levels and viewed as temporary.
Capital expenditures in the third quarter of 2018 were just under $15 million compared to $17 million in the second quarter of 2018. Spending was in line with expectations as we execute on our internal investment plan for the year, including ongoing investments in organic growth and spending on our leased asset portfolio in support of further profitable ESP market penetration.
Jumping ahead to Slide 7. Production & Automation Technologies revenue came in strong at $241 million in the third quarter, an increase of $42 million or 21% from $200 million in the third quarter of 2017 and flat with second quarter 2018 performance. The year-over-year improvement was due to continued growth from our artificial lift offering and in particular, further penetration of the US onshore ESP market. Additionally, we experienced robust revenue growth from our digital products portfolio and capitalized upon improving international market conditions which are supported by the higher current oil prices and activity levels compared to prior year.
Adjusted segment EBITDA rose 41% to $52 million in the third quarter from $37 million in the year ago period, driven by substantial revenue growth. Adjusted segment EBITDA declined slightly from $54 million in the second quarter of this year. The sequential decline in adjusted segment EBITDA was primarily due to the expected increases in material input cost and the anticipated higher corporate cost, combined with increased investments in support of our growth initiatives around our ESP and digital technologies offerings, along with some non-recurring operational expenses.
Adjusted segment EBITDA margin was 21% in the current quarter compared to 18% in the third quarter of 2017 and 23% in the second quarter of 2018. Our year-over-year margin improvement reflects continued cost discipline and solid operational leverage on the increased volume.
Our Production & Automation Technologies businesses continued to have a healthy book-to-bill ratio at 1.0 times compared to 1.05 times in the third quarter of last year and 1.04 times during the second quarter of this year. Book-to-bill will fluctuate from quarter to quarter and we consider the current performance consistent with usual patterns.
Moving to Slide 8. Drilling Technologies posted robust revenue growth of $75 million in the third quarter, representing an increase of $16 million or 27% from $59 million in the third quarter of last year. The revenue growth was a result of higher year-over-year worldwide rig count levels compared to the prior year, which is primarily led by growth in the US rig count, combined with increased market share in the premium diamond cutter market and very strong growth in time and variance for drilling tools.
Compared to the second quarter of 2018, Drilling Technologies revenue increased 15% from $65 million. The sequential revenue increase was again due to increased rig count, driven largely by the seasonal recovery in Canada. The benefit of diamond bearings adoption also contributed nicely on a sequential basis.
Adjusted segment EBITDA increased 24% to $29 million in the current quarter from $23 million in the third quarter of 2017, primarily driven by the higher volumes. Sequentially, adjusted segment EBITDA increased 20% from $24 million in the second quarter, again, driven by higher volume with good earnings conversion and inclusive of the impact of higher allocated corporate cost.
Adjusted segment EBITDA margin was 38% in the third quarter of 2018, compared to 40% in the third quarter of 2017% and 37% in the second quarter of 2018. The slightly lower year-over-year adjusted segment EBITDA margin was primarily due to increased expenses required to scale up and support the growth of our diamond bearings offerings. In the quarter, our Drilling Technologies business continues to have a good book-to-bill ratio at 1.01 times, which is consistent with our expectations. The quarter-end ratio compares to 0.095 times in the third quarter of 2017 and 1.08 times in the second quarter of this year due to stronger bearings orders.
Moving to Slide 9. On the balance sheet, third quarter ending debt, net of debt discount and deferred financing cost was $688 million. Cash at the end of the quarter was $18 million. During the quarter, we made a payment to Dover Corporation of approximately $12 million related to tax liabilities associated with the spin-off transaction. We will have one additional payment to Dover associated with tax liabilities occurring a bit later in the fourth quarter.
In addition, as noted in our earnings release and Soma's prepared remarks, we repaid $20 million of debt on our term loan, consistent with our commitment to our capital allocation priorities, which include funding organic CapEx needs as well as reducing our leverage through earnings growth and debt reduction. At September 30, Apergy's total leverage ratio was 2.6 times and our available liquidity was $263 million.
In the third quarter, adjusted working capital, which is composed of accounts receivable, plus inventory, less accounts payable increased $32 million. As I noted earlier, the increase was primarily related to the slow payment by a few large customers and we are actively working with these customers to ensure timely payment. We do not expect any credit issues with these customers.
Turning to Slide 10. I'll take a moment to discuss our financial outlook for the remainder of the year. Based upon our strong year-to-date performance through September, combined with a positive start to the fourth quarter through October, we are increasing our full-year 2018 revenue growth guidance to approximately 20% year-over-year. We are also increasing our full-year 2018 adjusted EBITDA projection to be in a range of $289 million to $294 million, up from our previous estimate of $280 million.
Our adjusted EBITDA outlook reflects our current view of the market and takes into account, the potential impact of further material and input cost inflation, including tariffs, the risk of E&P capital, budget exhaustion and fewer working days in the fourth quarter. We've now substantially built out our corporate infrastructure and we're on track to exit transition services agreement during the fourth quarter. Our activity in the associated cost around these initiatives are embedded in our earnings outlook. With regard to other factors pertaining to our outlook, our tax rate is expected to be lower in the fourth quarter due to a one-time tax benefit that was recently achieved. Our full year tax rate should be between 23% and 24%.
We anticipate interest expense of just over $10 million per quarter. Our full year 2018 capital spending forecast continues to be approximately 3% of revenue for infrastructure related growth and maintenance, plus an additional $25 million to $30 million for capital investment directed at expanding our portfolio of ESP leased assets.
I'm now going to turn the call back over to Soma for some closing comments, before we open the lines for Q&A.
Thank you, Jay. We delivered another solid quarter and our portfolio and technology are well positioned to take advantage of the positive trends in the market. Our strong portfolio combined with our rigor and execution and cost discipline will help us deliver a differentiated performance in the industry.
Before we open the call to questions, I would like to update you on our progress on the key growth initiatives for 2018 and beyond. Our first growth initiative is on our ESP product line where we are driving significant growth and share gains by continued penetration of the US onshore ESP market. We again achieved solid growth in the third quarter and our ESP product line continues to be our fastest growing artificial lift technology.
Our strong product offering, industry-leading service and established relationship with customers is continuing to help us achieve deeper penetration in the market. We believe we continue to have a sustainable momentum in this business.
Our second growth initiative is focused on existing well conversions to rod lift as production declines. While it is hard to predict the precise timing, we are involved in increasing conversations and orders for rod lift conversion solutions. We are delivering these conversions to rod lift both from ESP and gas lift wells. Our rod lift revenues have grown sequentially every quarter since the beginning of this year. We continue to believe that conversions to rod lift will accelerate in 2019 and beyond. Rod lift remains the artificial lift technology of choice for low flow wells. We are a market leader in rod lift and we believe we are well positioned to capture the growth that will come as a result of the conversions.
Our third growth initiative involves driving significant growth of our digital product revenues. We are increasing adoption of our digital products and services through our fit-for-purpose solutions designed to improve customer productivity and operational economics. We are continuing to invest in developing cost effective Smart Edge hardware and software with improved analytics and optimization capability. Customers are increasingly interested in fit-for-purpose digital solutions that gives them higher granularity of downhole conditions, asset performance, failure prediction and analysis and optimization opportunities.
Our investments and efforts are aligned around these areas. We are well positioned to benefit from continued digital adoption, given our deep domain expertise and strong presence in the production well site. Adoption of our technology combined with strong market activity resulted in 46% increase in year-over-year revenues in the third quarter. We expect to deliver continued strong growth in our digital product lines.
Our fourth growth initiative is the continued innovation and advancement of our technology in our polycrystalline diamond cutters to improve drilling productivity. To that end, our Drilling Technology segment has had 42 new patents issued in 2018 so far bringing the total issued patents, since the beginning of 2008 to 715. We are continuing to advance our shaped cutter technology. We believe there is a strong trend toward shaping and customization of cutters to meet specific drilling requirements. And we are at the forefront of this trend working closely with our drill bit customers. Customer adoption continues to remain strong for our new technology and this resulted in 51% of our revenues in the segment in the third quarter coming from new products.
Our final growth initiative is focused on driving continued adoption of our diamond bearings in downhole applications including rotary steerable, mud motors and power generators. Compared to traditional bearings, diamond bearings provide higher load capability, significantly longer life and lower repair costs. On a year-over-year basis, revenue from our diamond bearings was up over 63% in the third quarter. In the third quarter revenues from diamond bearings business represented about 12% of our Drilling Technologies revenue. We are investing to expand our capacity to meet the strong demand. We expect the strong revenue growth in diamond bearings to continue as there is more adoption runway in downhole applications and other applications where this technology can be applied.
We expect to finish 2018 on a strong note. We remain focused on our customers, strong execution, productivity improvements and cost discipline. While the industry is seeing some slowdown in completion, our portfolio is not directly exposed to completions. We continue to keep our attention on what we can control and on delivering a solid performance relative to the industry.
Finally, I want to thank all of our employees for their continued efforts and passion in improving the lives of our customers, our employees, our shareholders and our communities. I am proud of their accomplishment and it is a privilege for me to lead such a great team.
With that, I would like to open the call for questions.
Thank you. We will now begin the question-and-answer session. (Operator Instructions) We have a question from Dave Anderson from Barclays.
Hey, good morning, Soma. I was wondering if you could talk a little bit about the competitive dynamics you're facing right now in artificial lift. Artificial just come up in a number of prior calls. I'm just wondering if you could talk about, kind of maybe what you're seeing out there in the Permian and kind of how that differs from the other basins? And also kind of in particular, what's the differentiation that you are offering versus your competitor? You talked about gaining share. I'm just wondering if you could just kind of, plus dig into that a little bit more, in terms of those dynamics.
Yeah. Hey, good morning, Dave. So, great question. So I want to kind of give a little bit color on artificial lift like you pointed out. So if you look at -- if you segment the market as US or North America versus international, the dynamics are somewhat different. So in US market, we are continuing to see activity improving. In fact, we recorded in US a sequential gain in artificial lift of about 2% from Q2 to Q3, and then year-over-year, our artificial lift growth was over 23% as a total. International tends to be a little bit more lumpy for us because it tends to be more tender driven, so it tends to be more lumpy for us. So if you look at what's happening with the basin, I also want to remind that if you recall during our Q2 call and thus in subsequent in public conferences, we had mentioned our deliberate attempt to make sure that we're being prudent about capital deployment into our leased assets. If you recall, we've said, we have more demand than we can carry. So we actually did reduce our capital deployment in leased assets given some of the industry uncertainty around completions and all that. So we could have grown more sequentially in artificial lift, but it was purposeful.
In terms of competitive dynamics, the key to artificial lift as we talked about, the two large technologies which remains ESP and rod lift. In ESP, particularly in the onshore ESP, it still continues to be -- the winning companies tend to have very strong service, a good portfolio of product offering and ability to apply and size the right pump along with superior control technology for the ESP. So service and application know-how continues to be the key. And the way we share gain -- gain share in the marketplace is primarily through that in ESP. Now when it comes to rod lift, rod lift tends to be more of around because -- as customers go the rod lift, they tend to stay on rod lift for a long period of time, it could be 10 years, 20 years, in some cases even 30 years. So they tend to choose technology and brands that have a proven track record of success. So, having the best brands in the industry with Harbison-Fischer, and Norris Rods really helps us in that regard. So the competition in the -- is continuing to be strong in the marketplace but we focus on what we can control. And being a pure play, full suite artificial lift player, it really helps us to be fast at the same time provide the right service and right response.
So Soma, on your guide for this year, you raised your full year guidance, but you've got a lot of push back throughout the year, as Permian issues have sort of come in, a lot of people have been pushback and say " Hey ESPs probably has to get pushed down. Even insistent, you haven't seen any changes from your customer behavior, can you talk about that now? Are you still kind of seeing the same thing that you still feel confident that kind of that the demand is still there for these products, and your customers, are they looking past these takeaway issues?
Yeah, when you look at the -- with respect to particularly ESP, I think the two questions that have come up is about possibly completion slowdown and possibly gas lift. So let us both. As we just mentioned, as Jay mentioned in the prepared remarks, October has started off well for us. So again, we have not seen any demand decline in October. So the Q4 started off well for us. In terms of, with respect to the gas lift, as I mentioned in previous calls, they both are relevant technologies but Permian is a large region and each of them tend to be very distinct in their own way whether they apply ESP or gas lift. So both will be a relevant technology. So if you look at, for example, if it is a high water content well, they tend to use more ESP, but if that is a high gas content, then they tend to go a little bit more with gas lift and there is also other things that drives the requirement of gas lift if they have a gas infrastructure, compression capabilities available and so on and so forth. So being a full suite provider, we have the ability to offer what is the right solution for the customer, Dave, and we really haven't seen, the ESP demand for a slowdown and be on a very solid growth in Q3. And Q4 have started off well and we actually have authorized some additional capital to be deployed in the leased asset, which will continue to help us. As you know we pulled back a little bit in -- so now we have authorized some additional capital, which will help us as we go in to -- continue into Q4 and into 2019 as well.
Last question from me, it seems like it's a buyer's market out there for M&A, right now, I'm sure you again pitched on a host of things. Can you just kind of help us understand what makes sense for Apergy -- what are the things, as they're sort of coming over to transform here, what makes more sense for you? What are the types of assets that makes sense? Can you just kind of walk us through your thoughts or what you can say?
Yeah, so I think, look, as we communicated as a capital allocation priority, we want to fund the organic growth initiatives, we want to make sure we are continuing our innovation investments, we want to make sure that we are looking at as an M&A opportunity in the near term a more tuck-in type acquisitions which either improves our technology position or a geographic position or a cost position. And we have more also very focused on making sure that we get our leverage down, which you saw, we paid $20 million toward that. So you will see us continuing to follow this process. There are large opportunities that keep coming up, but we are very focused on sticking to our discipline of capital allocation and we want to get our leverage down. As we've communicated, we have comfortable to commit between 1 and 2 as we said before.
Now as we've finished our leverage down, you asked the question Dave, what kind of assets that would be of interest to us. As we think about those, the things which will be of interest to us is the ones which are consistent with the quality of our portfolio, and what I mean by that is, products or service that performs well through the cycle, because if you look at our portfolio, one of the key characteristics of our portfolio is, it performs well through the cycle. So we want to make sure any product or service line we add to our portfolio is consistent and does not dilute the quality of our portfolio. So that is number one. And number two, the type of company we would want to consider would be companies that have a consistent cultural behavior like ours which is a very customer centric type of culture. So that kind of gives you a little bit of flavor of the type of companies, we would look for, once we get our leverage down.
The next question comes from Byron Pope from Tudor, Pickering.
I just have a question, as I think about the implied EBITDA guidance for Q4, and could you just -- based on what you've said so far in the call, it sounds as though the guidance range is really a function of laying out some risks that could happen as opposed to what you've seen to start the fourth quarter. But as I think about drilling technologies versus Production & Automation Technologies, can you frame for us, what's essentially implied in your overall guidance with regard to what the top line might do directionally in those two segments?
Yes. So Byron, so talking about Drilling Technologies, so we expect the drilling activity to be, continue to be stable in Q4. And so which means for our Drilling Technologies, we believe the activity continues to be stable as we walk into Q4 and we have seen that in October. The only time we have seen -- the only thing we -- there could be any -- if there is any impact on Drilling Technologies could be, sometimes the bit plans of our customers, may sometimes shut down for holidays, depending on what their planning process is, which means their ability to receive shipments can get affected either in the last week of the quarter, and we are right now in conversations with customers to better understand who is planning what type of shutdown. But that's more of a function of, if you don't ship it in end of Q4, it could, it will be the beginning of Q1. But it's not, we don't necessarily see a market-related risk to that.
Now, when it comes to Production & Automation, typically what we have -- in our Q4 guidance here, what we have kind of assumed, if look at the range, we have assumed. What's assumed in the range is, if you think about the lower end of the range, that could be because that can happen because there is budget exhaustion that is starting to slow down some spending and particularly more as we approach Thanksgiving and beyond, because the way we have thought about it is, we have seen October start off well, so and we have some clarity into November based on our bookings, but truly, so the risks tends to be more around the Thanksgiving and beyond and how the budget slowdown can happen, and we just don't have a good visibility of it, hence the range.
The second aspect of it is sometimes you see in Permian, in particular or West Texas, you see weather-related issue pop up. We have seen that before. So there could be some weather-related issues that can pop up and particularly that will impact our rod lift, particularly, because most of our rod lift in West Texas is driven by existing wells. So other than that, as I mentioned, October started off well so that's why we thought it's prudent for us to provide a range. So Jay, do you have any other?
You've already commented on them. And the other items that we're watching Byron are continued increases in material input cost, including tariff as we started to see the initial implications of that in Q3 and of course we're offsetting that to the best of our ability with price increases and supplier concessions, as well as our own productivity initiatives. So the ramp up in higher material input costs is something else that we've just -- we've prudently taking accounting for in our guidance.
Okay. That's really helpful. Then I just have one quick additional question, and I realize these won't be big dollars involved, but just given the demand drivers for your diamond bearings when you use the word, steerable (ph) systems in that motors, it certainly feels as though you are going to continue to see strong demand for those sorts of service lines from your customers that are providing those downhole services. And so with regard to what's involved to increase the capacity on the diamond bearing side, again I realize it's probably not big dollars, but what do you have to do there to increase that capacity to meet the demand growth?
Yeah, it's typically investment in manufacturing cell. So this will be CNC machines and type of capacity. So, Jay, you want to give a color on what a manufacturing cell would cost?
Sure. So order of magnitude, it's probably about $1.5 million or more for the machines Byron. We added some capacity that came online early in the third quarter with additional investments that just got installed early in October and we will start to contribute. So that will help us to bring some work in-house, that's currently being outsourced, but the investments are not large with regards to the additional capacity that we put in place.
Okay. Thanks guys. Really appreciate it.
The next question comes from Scott Gruber from Citigroup.
Jay, just another question on the 4Q outlook and I may have missed it, so I apologize if I did. But will the overhead expense rise further in 4Q as you continue to build out the back office and if so, by how much?
No, Scott. So, we're substantially done with the ramp up, there's a couple of few positions that are being put in place and we are really within a matter of a few days of being done with a transition service agreement. So we made great progress in building up the -- building out the corporate infrastructure in Q3. So you should not expect any material increase in terms of corporate costs from a run rate basis.
Got you. So 64 (ph), 65 (ph) on a run rate basis, excluding the charges that fall off, that's how we should think about it?
So I think you're thinking about just the total SG&A there and I think that's a reasonably good number. We did make some investments within the operations in support of the ESP growth, in SG&A as well as digital offerings. So some of the increase in the quarter is from the ramp-up of the corporate cost plus increases within the operating units themselves in support of the growth initiatives.
Got it. And then just a follow-up to Dave's line of question earlier. Soma, just directionally, do you think production revenues, are they trending higher in the first half of next year? Is the outlook more flattish, does it dip some -- overall the big question we get is, would it be an echo that hits lift sales in the first half of next year, given the current completion slowdown in the US?
Great question, Scott and it's definitely, it's on our mind. So we are busy with our planning process for 2019. So I'm not going to be able to give specifics on that right now, but a couple of things I would say. We definitely expect 2019 to be a growth year for us. So the question of progression through the year is what we are thinking through and doing more work on. I would also say that the relationship -- I mean there is a lag between completions and artificial lift, but the relationship segment completions artificial lift is not quite one to one, as existing wells also require ongoing maintenance and replacement and conversion to another form of lift, right? So it's not quite one to one but it does have an impact, when there is a completion slowdown, there will be some part of impact. The other part which we are also thinking through as we enter into 2019, there is also reloading of customer budget right, right? So that can also customers may accelerate from spending since they have new budgets assigned. So those are the variables we are thinking through. So it's a -- just a question of how the progression is going to be and we will be -- we are not in a position to talk about it now, we'll talk about it more as we enter into the next year.
And it seems like the outlook for the international side of production is improving. Can you just remind us, what percent of the production or sales is outside the US and Canada?
So on Production & Automation Technologies, if you look at Q3, it's roughly about 22%.
The next question comes from Blake Gendron from Wolfe Research.
Hey, thanks for taking my question guys. The first one just digging into capital allocation, it seems like organic growth and build out is going to be an ongoing initiative here. But as we think about the deleveraging side of the story, do you have specific targets in mind? Or can you refresh us on those targets, the timing and then as we think about the handoff between deleveraging and potentially shareholder returns, how do you think about those in relation to a dividend versus possible buybacks? Thanks.
Yeah, I think what we have communicated on this is, we are comfortable to get it down somewhere between one and two. So if you kind of think about that, say 1.5 as a possible point. I think, we think we may be able to get there by end of 2019 by a combination of our continued EBITDA growth, the earnings growth as well as periodically paying down some of the debt.
Now we have focused on a very balanced capital allocation beyond that, so which means you should expect us to think about a balance between returning cash to the shareholders as well as continuing to invest in our growth. And we are planning to communicate our full value creation framework and algorithm in our Investor Day, which we are planning to hold some time in March. You should receive information about that where we are planning to communicate our full value creation framework along those slides as well. Jay, anything to add?
No, Soma, you've kind of hit it. So again we want to continue to chip away the debt, but not at the expense of investing in the growth of the organization, such as the bearings growth and the ESP growth as well as the other growth initiatives, that Soma talked about that gives us technology or a cost advantage and then excess cash flow in the meantime will be used to repay debt.
Okay. Great. Appreciate the color. And then moving to Drilling Technologies, you guys have advantage share in virtually everyday market that you participate on the Drilling Technology side. But if we think about potentially the rig count getting more stable in the US, perhaps growing internationally on land are there regions internationally that you can outgrow the broader rig count, and is that going to be just share gains on the part of PDCs or is that going to rely more so on the organic buildout of technologies within the portfolio?
Yeah, I think on the international side, there is still some room for adoption of PDC compared to the regular type 1 type cutters. So I think that opportunity is still there. Beyond that, it will be one of continued innovation and technology as we have talked before. This is that product line where customers always adopt new technology if it is reducing the cost per foot of drilling either by increased rate of penetration or longer-lasting of cutters. So I think but internationally, there is still some runway for increased PDC adoption.
Okay. Great. And then finally from me, the vintage of wells that were completed from 2013 to 2014, where are those in the life cycle on artificial lift side and what are the opportunities? I imagine it's mostly rod lift, but just if you don't mind refreshing us on where those wells stand from a lift standpoint?
Yeah, so as we said in our prepared remarks about some of the conversions we are starting to see are from the 2013, 2014 wells, is what we are starting to see. And as a reminder, we have -- each customer when they switch to another form of lift is different, within a band of production flow rates. So it's hard to predict exactly at what flow rate every customer and we are doing lot of granular work on understanding customer by customer, at what threshold do they prefer to switch over, but the vintage of wells we are seeing currently are mostly the 2013, 2014 wells.
Okay. Great. Thanks. I'll turn it back.
The next question comes from Marc Bianchi from Cowen.
Thank you. In the press release and in the commentary you mentioned about the conversion to rod lift and you had some orders to convert from ESP and gas to rod lift, can you talk a little bit more about this, what's the magnitude of the opportunity here that you've seen in these orders? When would that start to show up in the business and how has this changed from prior quarters from what you're seeing?
Yes, Marc, I think as we talked about in the last quarter call, this is -- the way we think about this conversion is not as if it's one big group of wells suddenly all convert at the same time to the -- because each customer is different. So what we are seeing, as we mentioned in the call is, we are seeing sequentially rod lift getting better and better in revenues. We are seeing that top line growth continuing to grow. And if you look at that year-over-year growth, it's continuing to accelerate since the beginning of the year. Every quarter we have seen increased year-over-year growth on rod lift. And we attribute that to the continued conversion of this but they don't come here is 100 wells, all complete at the same time, the customers do it at their own pace, and so, the way I would describe it, you should expect our rod lift product lines to continue to provide increased growth.
Okay. Is there -- can you share with us what the mix of rod lift was, in the third quarter?
The mix of rod lift in the third quarter, yeah, I can give that -- Jay, you have that number? Give us 10 seconds.
36% of Production & Automation?
It's of artificial lift, Marc.
Of artificial lift. Okay. Thanks. And the tariff headwind that you have, can you just remind us where you're exposed there? I believe it's mostly on the ESP side. As I understand, there's some increase in tariffs in the beginning of next year. How is that -- how have you prepared for that and what's the potential impact?
So let me make some comments here and see whether Jay has additional color. So just to remind on the tariff impact, again as you know, there are two types of impact. One is the Section 301, which is very specific to China, and then there is the Section 232, which is related to steel, and there is also a secondary impact of that because of US steel mills getting lot of demand placed because of Section 232, there's an impact of price increase because of that. So for us, the Section 301 and again, in the Section 301, everybody is very familiar with the list 1 , list 2, list 3, as you know each time, each list gets effective, depending on vary of product is listed. So for us, Section 301, the primary impact for us on that is the ESP because, as we mentioned our ESP supply chain extends to China.
On the Section 232 related, for us it is more of not a direct 232 impact, but it is the inflation because of US steel mills are running pretty full, and there is inflation associated with it, and that primarily affects our rod lift product line -- the SACROC product line. So I would say Marc, those are the two primary impact related to our material cost inflation. So how we are offsetting that. First, we have put through price increases, and on the price increases, it's getting more traction every quarter. So we implemented it in the middle of Q3. So as we walk into Q4, there is more benefit we are getting from the price increases. And we are -- I also want to point out that we are being strategic about it. So in certain cases where we see and our ability to gain some share or strategically win an account, we may use that lever as well, but price increases we have put in place both in our rod lift as well as our ESP product line and we are starting to see that traction, particularly toward the end of Q3 and also we have started seeing in October.
The other aspect we are doing is our negotiations with suppliers. So supplier, this is concessions from supplier specifically because of the tariff related items. So those two are very specific initiatives to offset that impact of tariff. Now, on top of this, we have our ongoing productivity improvements, which we have talked to you about before. We target on a gross level. Roughly 4% of our cost of goods sold as a productivity improvement efforts and this productivity improvement efforts are not specific only to the tariff issue, but it is also to offset inflation in direct labor and other material type inflations as well. So that's how we are positioned. Now -- today I can tell you, the direct impact of the tariff and material cost inflation and just the price increase and the supplier concession alone is not offsetting yet. They backup that tariff impact. Now what is helping is our productivity improvement. So as our pricing continues to gain traction, we should get better and better help with that. So hopefully that gives you some color.
Yeah. Okay, that's all very helpful. Thanks so much, Soma. I will turn it back.
We have Saurabh Pant from Jefferies. Please go ahead.
So I guess, I would like to focus a little on the artificial lift side of things first. So just to understand, first thing, third quarter numbers, if fells under revenue side right, because revenues were flat and based on the commentary, I think you've said artificial lift was up 2% and I think based on the press release digitally was up like 4%. So it sounds like other production equipment within that, the WindRock and WellMark and Timberline and some of the other product lines were down sequentially, right? So I just wanted to understand what was going on in that small part of the segment?
Yeah. So specific to artificial lift, I think what we mentioned sequentially, I think in the commentary, question is very specific to sequential, there are three elements. So the first one is our US portion of the artificial lift grew sequentially 2%, so that is the first comment. So the US grew 2%. Now we could have grown more as I point -- as I mentioned earlier, you remember we earlier communicated that we are tapping the breaks on our capital deployment on leased assets right? So we could have actually grown more in sequentially, but it was purposefully we tap the brakes, just to be prudent about given the uncertainty in Permian takeaway and completion. As I mentioned just now, we have actually authorized more additional capital in October to deploy into our leased assets because we feel comfortable now. So that should give us more benefit in toward the end of Q4 and beyond into 2019 getting ready for 2019.
The third element in artificial lift is our international business tend to be lumpy. And the reason is because they have more tender focussed business for us. And so what happens is, you may have a higher shipment in -- a big shipment in Q2, that may not repeat in Q3. So that tend to provide that. So I just want to say we are seeing the momentum in the artificial lift in our US, we are continuing to see the momentum, we grew 2% sequentially, we could have grown more. So there is no slowdown, we are currently seeing, in the momentum of our artificial lift business, particularly in the US.
Okay. That makes a lot of sense, right. So I'm just trying to think right, I mean taking that forward right, as it sounds like, at some point in the third quarter, you went to your ESP customers, I'm guessing primarily in the Permian right? Because that's where the leasing model is predominant rate. You went to your customers and I guess you would have told them that look we want to transition more to the upfront sale model versus the leasing model rate right? And it sounds like customers don't want that right? And maybe that's what you saw? And that was a factor in your decision or not?
Yeah. That's not actually true. I mean we're seeing increased purchase as well. So there -- both models are being very, very relevant right now. I'm talking about Permian, both models are being very relevant. Yeah.
Okay. So there is nothing on those lines, right? Okay.
Okay. And then quickly, going back to rod lift. I think you said 36% of artificial lift was rod lift in the third quarter. And if I remember the Analyst Day presentation correctly, I think that number was 48%, and I think that was the 2017 number. So definitely ESP has grown a lot. But if you can give us some placeholder on a year-over-year basis, what has rod lift done? Right, so three quarter -- 3Q '18 versus 3Q '17, how much is rod lift up, because you did say that it's up?
Yes, it's up high single digit year-over-year.
And it has grown every quarter for us.
Yes, you said that. Right. You said that. Okay. And then final one for me is on the Digital side. So I did make note of that comment in your press release that you just commercially released your next generation rod lift controller. So as I think about that, right, because you specifically said rod lift, I think that the customers are more price sensitive in that market just because rod lift are much lower volume whereas, right? So there's just enough incremental production to offset that cost of using that new controller, right? So from a pricing standpoint, where does this new products stand versus whatever the prior product was? Is it cheaper than the prior product or this is just a better product?
No, it's definitely cost effective than the prior product.
Okay. So we should think that it's not just better, but also cost effective. So it would make it a meaningful dent, I guess, that makes it more attractive with the customer?
Okay sir. Perfect. Okay guys, I think that's all I had. I'll turn it back. Thank you.
We have no further questions at this time. I would like to turn the call over to Mr. Skipper, for final remarks.
Again, thanks everyone. Again, I want to extend again our thanks to our employees for a terrific job in executing on a solid quarter for -- in third quarter, and we look forward to talking to you again in the next quarter. Thank you.


Here are 10 free patches for the Dave Smith Prophet 08 Synthesizer. Most of them are comping patches but they're a few basses and string-pads as well.
Plutonia Strings – Warm buzzy pad. Probably my favorite patch.
Poly Comp – A very utilitarian, if somewhat bland, comping sound. This is my go-to sound for songwriting or when nothing else works.
Iconic synth wizardress Wendy Carlos once complaining about factory synth patches programmed to wow users in the store. She noted that they've got tons of movement and layers which sound great when you push one key but are next to useless when you want to compose something of your own. I tend to agree and my patches aren't flashy but should prove very playable in your own songs.


Available under Licence Creative Commons Attribution Share Alike.
We investigate the problem of optimally reversing the action of an arbitrary quantum channel C which acts independently on each component of an ensemble of n identically prepared d-dimensional quantum systems. In the limit of large ensembles, we construct the optimal reversing channel R☆n which has to be applied at the output ensemble state, to retrieve a smaller ensemble of m systems prepared in the input state, with the highest possible rate m/n. The solution is found by mapping the problem into the optimal reversal of Gaussian channels on multimode quantum-classical continuous variable systems, which is solved here as well. Our general results can be readily applied to improve the implementation of robust long-distance quantum communication. As an example, we investigate the optimal reversal rate of phase flip channels acting on a multi-qubit register.


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Fifth and Sixth Grade Embark on A "Wonder-full" Assignment
Your mission is to wonder.
The fifth and sixth grade Science Summer assignment started with those five words. Middle School Science teacher Kimberly Schwab set forth this challenge to her students over the summer break, encouraging them to wonder about what they encounter in the natural world, leaving what to wonder about and how to document their wonderings up to the students.
Providing a little inspiration for wondering, Ms. Schwab gave the students an article about marine biologist, conservationist, and writer Rachel Carson, who emphasized the importance of a person's faculty for wonder, especially in correlation to science and studying the world around us. Carson noted, "For most of us, knowledge of our world comes largely through sight, yet we look about with such unseeing eyes that we are partially blind. One way to open your eyes to unnoticed beauty is to ask yourself, 'What if I had never seen this before? What if I knew I would never see it again?'"
So, what did the fifth and sixth graders wonder about? The better question may be "What didn't they wonder about?" Their "wonderings" were diverse, numerous, and, well, wonderful. They ranged from wondering about the science of how birds fly to the expansion of the universe, from what society would look like if certain elements of technology hadn't been invented to how jellyfish swim, breed, and live without a brain. One "wondering" centered on our fellow New York City inhabitants: pigeons. Another pondered the importance of the word "Why?". Another about the significance of a cat's purring.
The topics of the wonderings were interesting and varied, but the ways the students documented and shared their wonderings were even more multifarious. Some spoke about them during classroom time, others wrote them down, one came in poem form. Fifth grader Veronique J. kept a journal with her wonderings that covered such topics as the Northern Lights, the possibility of extraterrestrial life, human extinction, and so many more.
Many used a specific medium of art to represent their wondering – there was a diagram of a fallen tree, a watercolor of Deer Isle, Maine, a doodle about time, and a diorama of a zoo exhibit. Fifth grader Hudson P. used his movie-making skills to create a video, asking over and over again "I wonder…", exploring thoughts about dinosaurs, white versus red phosphorus, the origins of moon craters, and more. He ends his video, asking the viewer "What do you wonder?" (Check out his video here!)
To share his wondering, fifth grader Amadeus B. composed an original track of music. Inspired by the time he spent in Denmark by the ocean, his music takes the listener on a journey through the mystery that is the ocean. He used different instruments to represent what you may encounter on a dive into the ocean (steel drums are mollusks, bongos are turtles, electric guitar are sharks, and so on). Using Garage Band, he laid in each track, combining them all into one really groovy wondering. Listen to it here and read all about his original song here!
As Speyer's fifth and sixth graders shared their wonderings -- whether through a piece of art, a writing exercise, or some other form -- even more wonders came up during the classroom discussions led by Ms. Schwab. This assignment echoes the words of Rachel Carson: "If a child is to keep alive his inborn sense of wonder…he needs the companionship of at least one adult who can share it, rediscovering with him the joy, excitement, and mystery of the world we live in."
We can't wait to see what they will continue to wonder in the months to come!
Middle School, Speyer NewsSpeyer School October 13, 2018 science, middle school
Dragon Athletics Round-Up: The Word of the Week(s) is Teamwork!
Speyer Athletics, Speyer NewsSpeyer School October 19, 2018 soccer, volleyball, athletics

redpajama_set_name: RedPajamaCommonCrawl


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Van Gaal's Ego Could Be United's Downfall
Watching United today was frustrating, boring and quite honestly making me doubt LVG's "philosophy." Whatever he keeps in that clipboard, it's not tactics.
Today was arguably less exciting than watching paint dry, at least until he stopped trying to use Di Maria as a striker, playing with his back to goal, and ditched his infamous back 3.
The first half was as bad as I have seen United play since Ferguson, so that's really saying something – boring is an understatement. Sideways, backwards, no movement and players giving the ball away left, right and centre. If he thinks Evans can help us gain a top 4, he is drinking too much Dutch advocaat.
Jones, Evans and Smalling are NOT good enough – the whole world can see it, so how come he can't?
We cannot play a back 3, yet Van Gaal persists.
Di Maria cannot play with his back to goal as a striker, but Van Gaal keeps asking him to.
We look better with a flat back 4, diamond midfield and 2 strikers – that seems to be obvious to everyone except the manager.
We have to be seriously worried watching this. De Gea was voted man of the match – what does that tell you? In my opinion, we are not looking any better than we did last year, even though we have spent £150 million, and only because Liverpool, Arsenal and Everton are all worse are we in contention for a top 4 finish. But quite honestly, if LVG continues with his ridiculous systems and playing his players out of position, I cannot see us getting that top 4 spot.
I wouldn't give him any money for transfers during this window; despite our lack of quality in defence, he has the players to get us top 4, so it's up to him to show he can manage in the Premier League before the Glazers should chuck any more money at him.
We had an exciting spell early on in the season, but ever since it's been slow and dull to watch – we consistently have around 60% posession, but lack tempo, movement and penetration. That's with some great players in our team, so to me that has to be down to the manager and his lousy tactics.
I want stability at our club, but I also want to be entertained, and I'm not convinced that's the kind of football LVG is able to deliver. Football is a brutal business, and I wouldn't hesitate to bring Diego Simeone in this summer – he has more than proven what a great coach he is, has the passion, and is the right age to take us where we want to go for the next 10 years.
LVG may have been considered a safe pair of hands after the Moyes mess, but on the evidence so far, he's not the man to bring exciting football and trophies back to the Theatre of Dreams.
Image credit.
moyes, simeone, van gaal
Why Louis Van Gaal Doesn't Quite Compare to The Very Best Managers in the World
Does Van Gaal Need to Forget His Philosophy and Get Back to Basics?


Some things are so fluidly embedded in our daily system that we forget how important they can be for smooth operation of our lives. Traffic jams are infuriating! So is stopping at a traffic signal, isn't it? What if you never had to stop? Well, wish granted! Let us get rid of those traffic lights for one day and see what happens!
What would happen if there were no Traffic Lights?
For starters, no one would know when to stop and when not to.
Talking about traffic jams is just an understatement, we'll have a gridlock!
Number of accidents will automatically increase due to this chaos.
Late comers tend to increase in number, and mind you, it will not because you got up late for school!
It would be all together more difficult for kids to cross the roads because zebra crossing would practically become non-functional without traffic lights.
Such a madness at road is not only annoying, but can be dangerous too! The concept of traffic lights is not only important for roads, but it also becomes an inspiration for regulating traffic in air too. The introduction of traffic lights has made our life simpler in terms of commuting.
On 9 December 1868, first non- electric, gas lit traffic lights were installed in London outside the house of parliament to control the traffic. It was declared unsafe and hence, discontinued.
First traffic signal installed was in Cleveland, Ohio on August 5, 1914. Its been 100 years since the first traffic signal was installed.
A 'No-Left-Sign' first appeared in New York in 1916.
Garret Morgan invented an automated traffic light and patented it on November 12, 1923. During the same time, a police officer named William Potts invented a four way, three color traffic light getting inspiration from the railroad signal lights. Even though his design was used in various regions in Detroit but he never got his design patented.
In 1935, 'The manual on uniform traffic control devices' was created by the federal highway commission, which set a uniform standard for the traffic signals and road safety everywhere.
To respect this great invention, we must follow the traffic rules and we should be aware what the colors of traffic lights mean and follow them accordingly.
What does Traffic Signals indicate?
Red is a universal sign of danger. Plus this color is visible even in harsh conditions like fog, rain or in smoke.
Yellow is a color that defines caution, plus it is made by the super position of red and green, hence, an obvious choice!
It is specifically chosen because it is considered as a calm color. Moreover, this color is easily distinguished from the other two colors and can be seen easily.


Despite torrential rains and reservoir levels filling up in Karnataka, the state may still not be able to escape drought-like conditions. Monsoon rains lashed the coastal districts on Tuesday, with 84.62mm rain recorded in Udupi and 74.68mm recorded in Dakshina Kannada. This led to a spike in reservoir levels since the coastal areas fall under the catchment areas.
Heavy rains measuring upto 13 cm disrupted normal life again in coastal Karnataka districts of Udupi and Dakshina Kannada, after the incessant rains which lashed the region till last week took a break, the weather office said. According to KSNDMC, Udupi district received an average of 13.7 cm rainfall over the past 24 hours, while Dakshina Kannada received an average of 10.7 cm.


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Book Gudiyatham to Mysore & Coorg 2 Days - Sightseeing Tour
Gudiyatham to Mysore & Coorg Cabs and Vans
Karthi Travels has had its presence in chauffeur-driven car rental sector for more than 30 years. We continuously strive to ensure that we provide reliable, quality and timely cab services. We have wide range of car options right from sedans to hatchbacks and Vans.
You can book any type of car or traveller for your Gudiyatham to Mysore & Coorg taxi service depending on your requirement. You can easily book Gudiyatham to Mysore & Coorg cabs at Karthi Travels 24/7 without any hassle with our easy-to-use booking interface. Book our Gudiyatham to Mysore & Coorg cab service and rest assured you will get quality & reliable services for your Car Rental from Gudiyatham to Mysore & Coorg.
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Make the best use of the services offered by Karthi Travels at the best rates & experience the relaxing and trouble free journey by hiring Gudiyatham Mysore & Coorg or Katpadi Mysore & Coorg taxi at Karthi Travels. With over a decade of experience in car and van rental services, Karthi Travels is the best cab service provider in the industry, if you are planning to book a taxi.
Gudiyatham to Mysore & Coorg by Car or Traveller
We will ensure that your journey is comfortable and you may halt at your convenience anytime, anywhere for a short break during the journey on road.
We also launch few offers during certain seasons and holidays. We try to provide you excellent deals from time to time to help you travel in the cheapest possible fares. With our user-friendly website, you can book taxi online in a few simple steps and avail hassle free car and van rental service. Travel from Gudiyatham to Mysore & Coorg with Karthi Travels and have a pleasant journey.
Gudiyatham to Mysore & Coorg Car and Van Rental Options
At Karthi Travels Car and Van Rentals, you will get many options of car types and travellers to choose for hiring a taxi from Gudiyatham to Mysore & Coorg. Some of the popular car models include Indica, Etios, Innova, Traveller and many others. The table below highlights the various car model options available which you can choose for Gudiyatham to Mysore & Coorg cab booking.
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Gudiyatham to Mysore & Coorg Cab Tour
At Karthi Travels you get the best deals for your Gudiyatham to Mysore & Coorg cab tour. The cab tour at Karthi Travels is sure to be affordable for you. You can avail the tour depending on the itinerary available.
The details corresponding to the tours opted will be available to you once you make the booking. Karthi Travels's services are also available for local and outstation travel. You can book outstation cabs and vans and travel to popular destination of your choice and interest.
Gudiyatham to Mysore & Coorg Taxi Fare
We pride ourselves on transparency. With no hidden charges, great cab service at very affordable rates, we offer you the best prices as compared to any other player in the industry. Karthi Travels believes in making travel extremely convenient for customers and we fully understand that the Gudiyatham to Mysore & Coorg cab fare is an important parameter when you make the decision to book a taxi.
Your Gudiyatham to Mysore & Coorg taxi fare will never be a burden on your pocket. You can contact us on +919655502002 for any enquiry or to get more details on Gudiyatham to Mysore & Coorg cab fare. We will also help you plan your trip in the most efficient way possible.
Karthi Travels's Promise of Quality
1. Affordability: Karthi Travels is the best car and Van rental provider in Gudiyatham, if you are looking for an affordable taxi fare from Gudiyatham to Mysore & Coorg.
2. Courteous Drivers: We promise to provide you reliable taxi service with our professional drivers.
3. Timely Availability: Karthi Travels always guarantees timely availability of taxi service.
4. Services across Gudiyatham: With excellent services for cabs from Gudiyatham to Mysore & Coorg Karthi Travels's operation is available across all major towns in and around Gudiyatham.
5. Wide Range of Cars: You can choose a taxi or Van from a wide range of cars and Vans like Indica, Tavera Sedan and Traveller.
Gudiyatham to Mysore & Coorg Tours
Karthi Travels's continuous focus on complying with customer demands and travel needs have positioned us as a true customer-centric player in the road travel/tourism sector. In order to make customers outstation travel truly memorable, we offer several Gudiyatham to Mysore & Coorg cab and Van tours. Our website is continuously updated with the new seasonal tours that are launched. You can also call us to explore the various tours from Gudiyatham to Mysore & Coorg. After choosing any of these tours from Gudiyatham to Mysore & Coorg, you can be assured that you are getting the most efficient rates, the most courteous and experienced drivers as well as Karthi Travels's guaranteed service levels. Customers are provided with options for one way, single day as well as multi-day car and Van tours from Gudiyatham to Mysore & Coorg.
About Mysore
Mysore, also known as Mysuru, is Karnataka's second biggest city, situated in Southern India. It was the erstwhile capital of the Wodeyar dynasty and is considered the cultural capital of the state. Mysore is the cleanest city in India and one of the most well-planned ones. The people of Mysore are famous for their peaceful attitude and helpful nature.
About Kodagu
Kodagu is an administrative district in Karnataka, India. Before 1956 it was an administratively separate Coorg State, at which point it was merged into an enlarged Mysore State. It occupies an area of 4,102 square kilometres (1,584 sq mi) in the Western Ghats of southwestern Karnataka. In 2001 its population was 548,561, 13.74% of which resided in the district's urban centres, making it the least populous of the 30 districts in Karnataka.
The district is bordered by Dakshina Kannada district to the northwest, Kasargod district of Kerala to the west, Hassan district to the north, Mysore district to the east, Kannur district of Kerala to the southwest, and the Wayanad district of Kerala to the south. Agriculture is the most important factor that upholds the economy of Kodagu and the main crops cultivated in this region are rice and coffee. Coorg is rich in natural resources which included timber and spices. Madikeri (English: Mercara) is the headquarters of Kodagu.
Kodagu is known for its coffee and its people. The people include indigenous (Kodavas) and other ethnic groups (Arebashe Gowdas and Kodava subgroups). The chief languages presently spoken in Kodagu are Kodava, Are Bhashe, Tulu and Malayalam. Kodagu is home to the native speakers of the Kodava language.
List of Sightseeing Places in Mysore
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About Mysore Palace
Intricately carved rosewood doors and ceilings some with inlaid ivory work, marble figurines, collections of caskets, paintings of the members of the royal family and other objects of personal use exhibit such opulence,though age as worn them out a bit with slight discolouration. On Sundays and national holidays between 7:00 PM-7:45 PM the palace is illuminated by close to 100,000 bulbs. Entry is from the south side. Cameras must be left at the cloak room, now there are no charges to deposit the cameras.Shoes must be left before the entrance for free.Out side palace photography is allowed Rs. 50 for Indian nationals, Rs. 200 for foreigners.
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Brindavan Gardens & Krishnaraja Sagara Dam
About Brindavan Gardens
Brindavan Gardens and Musical Fountain at the Krishna Raja Sagar Dam. Nice garden full of fountains, in the neighbourhood of Mysore. At 7 PM the "musical fountain" light and music show begins. It is an extremely scenic and well-maintained garden. It also has a great aquarium that has rare varieties of fishes. If you want to go here via bus, the name of the bus stop is: Main Bus Stand, KR circle.
Chamundi Hills
About Chamundi Hills
Chamundi Hills has a temple of Goddess Chamundeshwari (or Chamundi). The huge Nandi sta top are available. Atop the hill, Goddess Chamundi's idol is placed in a beautiful temple with marvelous architecture. It is a plastic free zone. Air Conditioned Volvo buses are available to Chamundi Hill and back from the city bus stand every twenty minutes. The charges are very nominal. Rs. 20 for regular queue (typically longer) . Rs 100 for shorter queue.
List of Sightseeing Places in Kodagu
Abbey Falls
About Abbey Falls
Abbey Falls (also spelled Abbi Falls and Abbe Falls) is in Kodagu, in the Western Ghats in Karnataka. It is located 8 km from the Madikeri, 122 km from Mysore, 144 km from Mangalore and 268 km from Bangalore.
The river is part of the early reaches of the river Kaveri. Flow is much higher during the monsoon season.
The waterfall is located between private coffee plantations with stocky coffee bushes and spice estates with trees entwined with pepper vines. A hanging bridge constructed just opposite the falls.
The falls was earlier called Jessi falls, named after a British officer's wife. However, the place was a thick jungle area back then. Years later, the waterfall was discovered by Mr. Neravanda B.Nanaiah who bought the place from the government and converted it into a coffee and spices plantation that surrounds the waterfall today.
Raja's Seat
About Raja's Seat
Raja's Seat (Seat of the King) is a seasonal garden of flowers and artificial fountains. It is one of the most important tourist spots in Madikeri of Coorg District. It is 270 km away from Bangalore, the capital of Karnataka.
A pleasant spectacle of refreshing layers of greenery, chain of high and low-rise-mountains attired with mist, the Raja Garden was a one-time-favorite of the kings of Kodagu who used to watch the setting sun, and spend time with their queens here. It is shaped like a small square in brick and mortar, with four pillars bridged by arches, enhanced by beautiful surroundings. This lovely spot was a favorite place of recreation for the Rajas and hence was permanently associated with them. It is built on a high level ground with a commanding view of the cliffs and valleys to the west. Early in the morning as the sun is just rising in the east, the mist shrouded valley below offers a rare sight. The golden light of the setting sun is a splendor to watch. There is also a Toy Train for children.
Bagamandala
About Bagamandala
At a distance of 39 kms from Madikeri, 8 kms before reaching TalaKaveri, Bhagamandala is on the banks of the confluence of three rivers, Cauvery, Kannike and the sub terranian Sujyoti, popularly known as "Triveni Sangama". The famous Sri Bhagandeswara temple is located on the bank of the river over here. Pilgrims visiting Bhagamandala bathe (or sprinkle water on your head) in the Triveni Sangama, confluence of rivers and worship at the temple complex. Watch out for the wooden carvings in the temple. The subrahmanya idol in the temple is a swayambu and the temple was established by a rishi named Bhagamandala. The temple serves free lunch - you get rice, sambar and buttermilk. Not a lavish lunch, but a clean,simple vegetarian option instead of the poorly maintained restaurants in the neighbourhood
Talacauvery
About Talacauvery
River Kaveri which is one of the 7 sacred rivers of Sapta Sindhus of the Hindu scriptures, originated at a place is called Talakaveri (head of Cauvery) in the Brahmagiri hills, at about 4,500 ft above sea level. This place is marked by a tirtha kundike or Brahma kundike (small spring/pond) from where the river emerges as a small perennial spring, but flows underground again to emerge a short distance away. It is about 48 km from Madikeri.
There is a shrine near the kundike and a big tank in front of it where devotees baths before offering prayers. There are 2 temples, a Shiva temple and with a rare and ancient Shiva Linga, and another temple dedicated to Lord Ganesha. This temple has a holy Ashwantha tree where, according to legend, the Trimurtis - Brahma, Vishnu and Mahesh gave darshan to sage Agastya
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I read today that Windows Update would not work with the beta version of Internet Explorer 8. I did want to check it out for myself before writing about it and went to the Windows Update website which greeted me with the error message "The site cannot continue because one or more of these Windows services is not running". The services mentioned were Automatic Updates, Event Log and Background Intelligent Transfer Service (BITS).
No Password securer than a weak password?
According to Digital Inspiration that's the case if you are using Windows XP because leaving the password blank makes it impossible to connect to the computer remotely. The link given in the article which points to the Password Strength & Password Security page at Microsoft.com is unfortunately not available at this point.
Windows XP keeps track of how many times an application has been started by a user of the system and displays the most frequently used programs in the start menu. That's a pretty convenient feature for some users but there is no obvious way to control which applications are listed in the start menu.
Windows loves to use virtual memory. Even if you set the value of virtual memory to zero it is still being used. It's basic use is to provide additional memory if most of the RAM of the computer is already occupied. This virtual memory is taken from the hard drive from so called paging files. Most optimization articles suggest to use between one and three times of the amount of RAM as virtual memory.
Just a few days ago I posted an article about How to update Windows with Offline Updates which downloaded selected updates for various Windows operating systems and Microsoft Office directly from Windows update servers.
While Windows XP and Vista offer a way to pin files to the Start Menu both operating systems do not offer a way to pin folders to it. You might have noticed that a right-click on a file on your hard drive does not give the option to pin it to the Start Menu as well, it only appears if you press the shift key while right-clicking the file.
Not many users like Windows Vista. It surely looks better than Windows XP, but other than that ? Please raise your hand if you think that UAC is more annoying than helpful. Windows Vista is just not that ready for prime time and there is not really a good reason to make the switch.
If you share a computer with several other users you might have noticed that it is not possible to set a differing screen resolution, refresh rate and color depth for each user. Windows XP forces each user to use the same resolution, refresh rate and color depth which is a great annoyance.
I have been writing about the stealth update that Microsoft did two weeks ago. Files in Windows XP and Windows Vista were updated without the users consent silently in the background. After some users did find out about the secret update Microsoft tried to convince everyone that the update was used to update the update routine of Windows XP and Vista.
We all know that Microsoft can update Windows Vista and Windows XP at will if automatic updates are enabled. Did you know that Microsoft can also update your operating system even if you disabled automatic updates ? Most users would probably deny that this is possible but it turns out to be true.
It has been a while since I posted the first part of this mini series entitled 10 Freeware Recommendations. Two months are a long time considering that I write about software almost every day here at Ghacks, that is why I decided to open my treasure trove again and present you another batch of freeware recommendations for Windows that will probably make your day.


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Erectile dysfunction patients are more s...
Erectile dysfunction patients are more satisfied with penile prosthesis implantation compared with tadalafil and intracavernosal injection treatments
Kucuk E. V. , Tahra A. , Bindayi A., Onol F. F.
ANDROLOGY, cilt.4, ss.952-956, 2016 (SCI İndekslerine Giren Dergi)
Doi Numarası: 10.1111/andr.12237
Dergi Adı: ANDROLOGY
There are various treatment modalities for erectile dysfunction with different success and satisfaction rates. We aim to compare patient satisfaction with tadalafil, intracavernosal injection, and penile prosthesis implantation in patients with erectile dysfunction. The records of 3448 men with erectile dysfunction were evaluated retrospectively. A total of 356 men with organic erectile dysfunction were enrolled into this study. Of these patients, 132 (37%) received tadalafil 20 mg twice a week for 12 weeks, 106 (30%) patients received tadalafil 5 mg once-daily for 12 weeks, 96 (27%) patients used intracavernosal injection therapy (Bi-mix; papaverine and phentolamine). Moreover, 22 patients underwent penile prosthesis implantation. Patient and partner satisfaction were assessed with International Index of Erectile Function (IIEF) and Erectile Dysfunction Inventory of Treatment Satisfaction (EDITS) questionnaire. Patients' mean age was 52.4 +/- 25.76 (32-71). The etiology of erectile dysfunction was chronic systemic diseases in 133 (44%) and radical prostatectomy in 121 patients (40%). The mean IIEF-5 scores improvement after the treatment was higher in penile prosthesis implantation group (12.4 +/- 1.3) compared with tadalafil 5 mg (6.7 +/- 1.5) (p < 0.01), tadalafil 20 mg (6.2 +/- 1.5) (p < 0.01), and intracavernosal injection group (8.4 +/- 3.2) (p < 0.05). The EDITS score was significantly higher in penile prosthesis implantation group (78.2 +/- 11.3) compared with intracavernosal injection (60.3 +/- 6.3), tadalafil 5 mg (72.5 +/- 4.5), and tadalafil 20 mg 70.7 +/- 3.4 groups (p < 0.05). Partners' EDITS scores were 70.1 +/- 10 in penile prosthesis implantation group, 50.2 +/- 1.5 in intracavernosal injection group, 62.9 +/- 7.8 in tadalafil 5 mg, and 61.3 +/- 5.3 in tadalafil 20 mg group (p < 0.05). Erectile dysfunction patients who underwent penile prosthesis implantation seem to be more satisfied compared with tadalafil treatment and intracavernosal injection. Future clinical trials are warranted to confirm our results.


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I hereby consent to the processing of my personal data for the purposes, to the extent and under the conditions stated in the Privacy Policy of the website https://www.criticaldaily.org/, which I confirm to have thoroughly read and understood prior to giving this consent.
Critical Daily Critical practice in graphic design
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M I P
Project Visual Communication of the SNG
How to promote a national institution in contemporary times?
Zuzana Duchová 68 268cm
The Slovak National Gallery (SNG) just celebrated its 70th anniversary. In order to mark this special occastion, Slovakia's top artistic institution (which falls under the Culture Ministry), has prepared a programme which was announced and combined with an advertising campaign.
SNG has employed graphic designer Pavlína Morháčová since 2011. A year later, she was joined by Braňo Matis. The creative duo, working under the leadership of Bohdana Hromádková (head of the Marketing Department) is responsible for theoverall visual identity of the institution.
The first experimental shift in public communication was the installation of a banner inviting everyone to the Summer Pavillion saying "Povolené" (Allowed). The institution continues to shift its message to the public. The overall goal is to make the institution more accessible and free from the national pathos.
SNG graphic designers work closely as a team. They communicate closely together on assignments, which are usually formulated freely by the director. The last campaign was dedicated to the 70th anniversary. A complex idea was developed jointly with the Marketing Department. SNG wanted to give people a present that they could take home as a reminder of their visit.
The current situation at the gallery is a working site- builders are finishing the biggest renovation in the gallery's history. So the designers decided to shift the classic format of a party and create a certain introvert "indoor campaign." The photographer Ján Kekeli created a series of shoots that were made into freely distributed posters in A0 format. The posters portray the gallery "at work," as a refuge of keen art lovers who are workaholics at the same time. We are at work and hear the sounds of a distant party.
The project communicates with visitors. The authors wanted the posters to have a subtle feeling of life; they wanted to create a silent but grand gesture, which belongs to a state-owned institution. Pushing people to post their pictures on social media would be too corporate and reminiscent of a typical ad campaign. There is still the possibility to seethis poster, or to say it in a poetical way - a piece of SNG, at somebody's home or office.
The poster campaign for free entry was created in 2014. The team created a simple, clean look of series of messages that demonstrated the shift from a classical approach to a modern national gallery. They read, "You can hide from rain, you can take your kids, you can go for a date." The message was clear that the gallery has an important role in the city's social scene.
For the past few years, graphic design and visual identity of SNG is developed through teamwork and cooperative thinking, and the designers have a crucial impact on the overall idea. The fact that their method is successful was demonstrated when they received the National Prize for Design in 2016.
author of the text: Zuzana Duchová
license: Attribution-ShareAlike
Visual Communication of the SNG
How to Promote a National Institution
Pavlína Morháčová, Braňo Matis
Zuzana Duchová
www.sng.sk
70th anniversary - poster
author: Ján Kekeli
license: Licenced by author of the image, please contact author personally.
author: SNG
70th anniversary - Quiz
Campaign for free entry
Merchandising - silver ring with a message of the exhibition Sen x skutočnosť


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Julie Covington
Julie Covington has been played on NTS shows including Floating World Music., with You Are The Music first played on 19 February 2015.
Julie Covington (born September 11, 1947 in London) is an English singer and actress best known for recording the original version of "Don't Cry For Me Argentina".
Covington's break came in 1967 when, whilst still a student at Homerton College, Cambridge, she was invited to sing on David Frost's television show, after which she secured a record deal. She followed with her 1971 Godspell casting at The Roundhouse, followed by her 1972 original cast recording of Godspell (Day by…
Queen Of Lights
Columbia•1971
Julie Covington•Columbia•1971
MJB Recording And Transcription Service•1967
Julie Covington•MJB Recording And Transcription Service•1967


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Ремиксът  представлява алтернативна версия на дадена песен, която се различава от оригиналната. Авторите на ремикси създават ново музикално звучене на песента, добавяйки различни елементи като промяна във височината на тоновете, използване на нови инструменти и др. Някои от ремиксите са акапелна версия на дадена песен. Обикновено песните се ремиксират, за да се възроди някогашната им популярност; за да се създаде стерео или съраунд версия; или за да се подобри качеството (точността) на стар запис, чиято магнитна лента е загубена или повредена. Понякога се правят и с цел песента да се впише в изискванията на специфичен музикален жанр или радиоформат.

Музикални форми
Музикални техники

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