Companies, two big disappointments and two stocks that carry a lot of weight. One of them the dow, the other the nasdaq, big blues Quarterly Report out after the market close was another in a long line of revenue misses, income continues to be hurt by sharp declines in hardware sales. Ibm earned 2. 54 a share, right along with predictions but revenue missed coming in at 22 and a half billion, less than expected. That sent shares initially lower in afterhours trading. Morgan brenner has been looking through the report and has more on that. So morgan, as you look through the numbers what do you see as the key takeaway from ibm. Well, ibm is one of the ones with the bigger numbers, but shares have continued to weigh on their growth, countries like brazil, china, revenue falling in those countries about 11 from a year ago. But none more so than china. So revenues in the worlds second largest economy actually fell about 20 from a year ago. That is as demand for servers and storage products
Companies, two big disappointments and two stocks that carry a lot of weight. One of them the dow, the other the nasdaq, big blues Quarterly Report out after the market close was another in a long line of revenue misses, income continues to be hurt by sharp declines in hardware sales. Ibm earned 2. 54 a share, right along with predictions but revenue missed coming in at 22 and a half billion, less than expected. That sent shares initially lower in afterhours trading. Morgan brenner has been looking through the report and has more on that. So morgan, as you look through the numbers what do you see as the key takeaway from ibm. Well, ibm is one of the ones with the bigger numbers, but shares have continued to weigh on their growth, countries like brazil, china, revenue falling in those countries about 11 from a year ago. But none more so than china. So revenues in the worlds second largest economy actually fell about 20 from a year ago. That is as demand for servers and storage products
We are very good about salvaging what we can to put into the new stations. Case in point. When we moved from third and howard, station 1 over to folsom between fifth and sixth, we brought a lot of equipment and furnishings over to the point that it would fit and it would work. But we did need to invest some additional dollars because of sort of the different set up and layout of the station. So, similarly particularly for station 16 on greenwich which will be under construction, i believe beginning next june of 14, the completion about june of 15, and youre right, about roughly the 16ing time for station 5, we will have to account for that in future budget cycle. Okay. I wanted to also ask what the marine earthquake marina earthquake memorial was, a recommendation to decrease the allocation in the budget Analyst Report. Yes, that is something that we were approached by members of the community to consider a memorial which would be primarily funded through the community to commemorate a
Temporary salaries and that has been resolved such that those positions have been eliminated. So, there actually is a loss of five positions thats reflected here. In terms of the work load of our office, our Largest Division which involves felony cases, we handled in this fiscal year 8,6 12 felony cases. Our average annual caseload per attorney is 196. Now, in our profession, we look to whats called the nac, American Bar Association standards. Thats the National Advisory commission. These standards were set forth in 1973 to determine what caseloads public defenders should be handling. And for felony cases the standard is 150. So, were about 28 above the standard. We recently completed a case weighting report. The case weighting report is in addition to counting cases. What the case weighting process does is it allows managers to determine the actual work load of the attorney. And, so, what were looking at there is the number of cases that the attorney is handling individually, the type
In 2018. Again, the current radio system we have now is 13 years old. It needs to be replaced. Its end of life, so, were very pleased that through coit and through the Mayors Office in the city is supporting this effort for our First Responders on the street. You asked about proposed legislation. We have one piece of proposed legislation, which i believe is item 9 on your calendar today, and was called in conjunction with this, and thats to transfer the administration of the Police Emergency alarm ordinance from dem to the tax collector. Dem would remain responsible for certain technical requirements of the alarm ordinance and for the emergency dispatch system. The proposal would clarify the procedures for the annual renewal of alarm licenses and for appealing the imposition of penalty fines or the revocation or suspension of a permit license. Fiscal impact is neutral. The false Alarm Program was part of dems base budget, transfer of function reduces our operating budget by 76 2,000, b