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Viewed in this light, revenue bonds can be considered a municipality's corporate bonds, since they are free of ceilings, pay interest (often at rates higher than general obligation bonds), and are paid only from the profits of a revenue-producing property.
Credit Suisse also attributed Micron's light revenue to lower than expected bit-production growth due to a mix shift to non-DRAM products.
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The bulk of its research and development budget, about 5.2percentt of global lighting revenue, is used for LED research.
Philips is betting the store on the L.E.D. bulbs, which it expects to represent 20percentt of its professional lighting revenue in two years.
Instead, the bulk of its R.& D. budget, which is 5.2percentt of the company's global lighting revenue, is for L.E.D. research.
Third-quarter earnings season was met with one pivotal question — will investors be willing to overlook lighter revenues as long as layoffs and other cost-cutting measures keep the bottom line growing — and the early answer appears to be no.
WorldCom came in a little light on revenue too, and Ebbers, as expected, lowered his revenue growth-rate guidance for 2002 to the mid-single digits and his earnings guidance to between 75 cents and 80 cents per share.
Or red light camera revenue.
Or red light camera revenue," writes Drum.
The dotcom bubble of the late 1990s featured companies that were heavy on ideas but light on revenues or profits.
Your Sept. 1 article "Cameras at Traffic Lights Draw Revenue, and Doubts" notes that a study by the City Comptroller's office last year found that drivers run red lights in New York 1.2 million times each weekday.
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