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The next best source for corporate information is the Web site of the Securities and Exchange Commission (www.sec.gov/ ). We show the home page of the SEC Web site as Exhibit 7-1. The SEC maintains an information service named EDGAR, for Electronic Data Gathering, Analysis, and Retrieval system. This service collects submissions by companies that are required to file reports financial and otherwise with the SEC. The purpose of EDGAR is to increase the efficiency and fairness of the securities markets by allowing free and immediate access to corporate-related information by investors, corporations, and other economic parties. EDGAR filings are posted to the SEC s Web site no later than 24 hours after their filing. The SEC Web site is well designed and easy to use. However, the SEC-mandated financial reports (10Ks, 10Qs, 8Ks, etc.) are fairly lengthy and have a lot of legal gobbledygook in them. A great source for direct links to corporate Web sites is Yahoo Finance (finance.yahoo.com/ u). In the Yahoo Finance/Profiles link, there is a business summary for the corporation, plus links to the company s home page and its investor relations department. Through those links you can access annual and quarterly reports.

More importantly and uniquely, distance learning with streaming media allows rich collaboration and interaction between students and their peers, or with tutors, in real time Telepresence is the experience of being present in an environment by means of a communication medium For the first time, a costeffective technology has become available that supports telepresence; this is the significant feature of streaming media that will take distance learning beyond what is possible with older audiovisual media When the great and the good begin to make distance-learning materials with high production values, the question becomes what will happen to mediocre educators and schools The answer is that they will be swept away However, before that can happen, production tools and techniques will have to become simpler and cost less There is undoubtedly money to be made serving niche audiences worldwide with on-demand, high-quality learning materials.

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The first problem was a fundamental mismatch between the company s selling cycle and its supply chain cycle In most European markets Avon begins a new sales campaign complete with a new brochure, fresh product offerings, and promotions every three weeks This short selling cycle is a cornerstone of Avon s direct-sales model By regularly offering new products and promotions, the company gives its sales representatives a reason to call on their customers more often, strengthening those relationships and driving sales A short selling cycle demands a flexible, responsive supply chain Here, Avon fell In most European short, especially as the company s European markets, Avon operations grew larger Avon s factories manufactured everything to forecast and begins a new sales then shipped inventory to the country warecampaign every houses before the start of each three-week selling campaign Inevitably, certain prodthree weeks.

One of the first niche applications that will influence the uptake of streaming media technology by the mass market is likely to be distance learning..

EXHIBIT 7-1

Searching for a piece of streaming media that catches your interest is much faster than channel surfing on a television, because search engines that index on metadata can get to the media you desire more quickly than a random walk through the channels currently broadcasting to your television set. Streaming media receivers can be designed to offer several streaming windows at once or even display pictures in a picture. Many digital television broadcasters are currently experimenting with multi-view presentation, where several camera angles are displayed at once, for interactive sports coverage. Streaming media already lends itself to multiple views at once, bandwidth permitting. It is entirely possible to be watching one piece of streaming media while listening to another. Previewing of longer presentations is another area where streaming media can outpace television or videotape. With streaming media, it is possible either to shuttle through the presentation rapidly (assuming the player software can do this), or to jump from point to point. Content producers may also produce summary capsules of their longer work, like Hollywood trailers for feature films. Sophisticated media publication systems may be developed to publish a series of thumbnails based on scene changes, packaged as a piece of streaming media, automatically. This would then allow any potential viewer to scan the presentation in

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