Verizon

Live  

Verizon is a telecommunications company based in the United States. It was formed in 2000 after the merger of Bell Atlantic and GTE. The company is headquartered in New York City and is one of the largest communication technology companies in the world.
Verizon offers a wide range of services including wireless communications, Internet, TV, and digital phone services to both consumers and businesses. It is also a leader in the development of 5G technology, which promises faster and more efficient communication services.
Verizon is known for its reliable and extensive network coverage, particularly for its wireless services. It has over 119 million wireless customers and covers 98% of the US population.
The company also has a strong commitment to sustainability and corporate responsibility. It has invested in renewable energy sources, reduced its carbon emissions, and implemented various initiatives to support its communities and reduce its environmental impact.
Verizon is also a major player in the media and entertainment industry. It acquired AOL in 2015 and Yahoo in 2017, forming Verizon Media, which includes popular brands such as Yahoo Finance, TechCrunch, and HuffPost.
Verizon is continually expanding and innovating its services to meet the evolving needs of its customers. It has a strong focus on providing high-quality, reliable, and secure communication services, making it a trusted and respected company in the telecommunications industry.

VmVyaXpvbi BpcyBhIGJp ZyBjb21wYW 55IHRoYXQg aGVscHMgcG VvcGxlIGNv bm5lY3Qgd2 l0aCBlYWNo IG90aGVyLi BUaGV5IGRv IHRoaXMgbW Fpbmx5IHRo cm91Z2ggdG hlaXIgbW9i aWxlIHBob2 5lcy4gV2hl biB5b3UgdX NlIHlvdXIg cGhvbmUgdG 8gY2FsbCBz b21lb25lLC BzZW5kIGEg dGV4dCwgb3 IgZ28gb25s aW5lIHRvIH BsYXkgZ2Ft ZXMgb3Igd2 F0Y2ggdmlk ZW9zLCBWZX Jpem9uIGhl bHBzIG1ha2 UgdGhhdCBo YXBwZW4uIF RoZXkgaGF2 ZSBhIG5ldH dvcmsgb2Yg dG93ZXJzIG FuZCBjYWJs ZXMgdGhhdC BzZW5kIHNp Z25hbHMgc2 8geW91IGNh biBjb21tdW 5pY2F0ZSBl YXNpbHkuPG JyPlZlcml6 b24gbWFrZX MgbW9uZXkg YnkgY2hhcm dpbmcgcGVv cGxlIGZvci BwaG9uZSBw bGFucy4gV2 hlbiB5b3Ug cGF5IGEgbW 9udGhseSBm ZWUgdG8gdX NlIHlvdXIg cGhvbmUsIG EgcGFydCBv ZiB0aGF0IG 1vbmV5IGdv ZXMgdG8gVm VyaXpvbi4g VGhleSBhbH NvIHNlbGwg dGhpbmdzIG xpa2UgaG9t ZSBpbnRlcm 5ldCBzZXJ2 aWNlcywgc2 8gcGVvcGxl IGNhbiBnZX Qgb25saW5l IGF0IGhvbW UuIFNvbWV0 aW1lcywgdG hleSBzZWxs IHNwZWNpYW wgZGV2aWNl cyBsaWtlIH Bob25lcyBh bmQgdGFibG V0cyB0b28s IHdoaWNoIG Fsc28gaGVs cHMgdGhlbS BlYXJuIG1v bmV5Ljxicj 5WZXJpem9u IGlzIHN1Y2 Nlc3NmdWwg Zm9yIHNldm VyYWwgcmVh c29ucy4gVG hleSB3ZXJl IG9uZSBvZi B0aGUgZmly c3QgY29tcG FuaWVzIHRv IGJ1aWxkIG EgcmVhbGx5 IHN0cm9uZy BhbmQgZmFz dCBuZXR3b3 JrLCB3aGlj aCBtZWFucy BjdXN0b21l cnMgY2FuIH JlbHkgb24g dGhlbS4gVG hleSBhbHNv IGtlZXAgdX BncmFkaW5n IHRoZWlyIH RlY2hub2xv Z3kgdG8gbW FrZSBzdXJl IHBlb3BsZS BjYW4gdXNl IHRoZWlyIH Bob25lcyBm b3IgdGhpbm dzIGxpa2Ug dmlkZW8gY2 FsbHMgb3Ig c3RyZWFtaW 5nIG1vdmll cyB3aXRob3 V0IGFueSBw cm9ibGVtcy 4gPGJyPklu IHRoZSBmdX R1cmUsIFZl cml6b24gaX MgbGlrZWx5 IHRvIHN0YX kgc3VjY2Vz c2Z1bCBiZW NhdXNlIHRl Y2hub2xvZ3 kgaXMgYWx3 YXlzIGdldH RpbmcgYmV0 dGVyLCBhbm QgcGVvcGxl IHdpbGwgYW x3YXlzIHdh bnQgdG8gc3 RheSBjb25u ZWN0ZWQuIF RoZXkgZm9j dXMgb24gZG V2ZWxvcGlu ZyBuZXcgd2 F5cyB0byB1 c2UgdGhlIG ludGVybmV0 IGFuZCBrZW VwIGltcHJv dmluZyB0aG VpciBzZXJ2 aWNlcy4gQX MgbG9uZyBh cyB0aGV5IG tlZXAgZG9p bmcgdGhhdC wgbWFueSBw ZW9wbGUgd2 lsbCB3YW50 IHRvIGJlIH RoZWlyIGN1 c3RvbWVycy 48YnI+

MS4gTGFyZ2 VzdCBXaXJl bGVzcyBOZX R3b3JrOiBW ZXJpem9uIG hhcyB0aGUg bGFyZ2VzdC BhbmQgbW9z dCBleHRlbn NpdmUgd2ly ZWxlc3Mgbm V0d29yayBp biB0aGUgVW 5pdGVkIFN0 YXRlcywgY2 92ZXJpbmcg b3ZlciA5OC Ugb2YgdGhl IGNvdW50cn kncyBwb3B1 bGF0aW9uLj xicj4yLiBM ZWFkaW5nID VHIE5ldHdv cms6IFZlcm l6b24gaXMg dGhlIGxlYW RlciBpbiA1 RyB0ZWNobm 9sb2d5IGFu ZCBoYXMgdG hlIGxhcmdl c3QgNUcgbm V0d29yayBj b3ZlcmFnZS BpbiB0aGUg VVMuPGJyPj MuIFN0cm9u ZyBGaW5hbm NpYWwgUGVy Zm9ybWFuY2 U6IFZlcml6 b24gaGFzIG NvbnNpc3Rl bnRseSBiZW VuIGEgdG9w IHBlcmZvcm 1lciBpbiB0 aGUgdGVsZW NvbW11bmlj YXRpb25zIG luZHVzdHJ5 LCB3aXRoIH N0cm9uZyBm aW5hbmNpYW wgcmVzdWx0 cyBhbmQgYS BzdGFibGUg c3RvY2sgcG 9ydGZvbGlv Ljxicj40Li BJbm5vdmF0 aW9uIGFuZC BUZWNobm9s b2d5OiBWZX Jpem9uIGlz IGtub3duIG ZvciBpdHMg aW5ub3ZhdG l2ZSBhcHBy b2FjaCB0by B0ZWNobm9s b2d5IGFuZC Bjb250aW51 YWxseSBpbn Zlc3RzIGlu IGN1dHRpbm ctZWRnZSBh ZHZhbmNlbW VudHMgaW4g aXRzIG5ldH dvcmsgYW5k IHNlcnZpY2 VzLjxicj41 LiBIaWdoLV F1YWxpdHkg Q3VzdG9tZX IgU2Vydmlj ZTogVmVyaX pvbiBoYXMg YmVlbiByZW NvZ25pemVk IGZvciBpdH MgaGlnaC1x dWFsaXR5IG N1c3RvbWVy IHNlcnZpY2 UgYW5kIHJh bmtlZCBmaX JzdCBpbiBj dXN0b21lci BzYXRpc2Zh Y3Rpb24gYW 1vbmcgd2ly ZWxlc3MgY2 FycmllcnMg YnkgSkQgUG 93ZXIgZm9y IHRocmVlIH llYXJzIGlu IGEgcm93Lj xicj42LiBE aXZlcnNlIF Byb2R1Y3Rz IGFuZCBTZX J2aWNlczog VmVyaXpvbi BvZmZlcnMg YSB3aWRlIH JhbmdlIG9m IHByb2R1Y3 RzIGFuZCBz ZXJ2aWNlcy wgaW5jbHVk aW5nIHdpcm VsZXNzLCBp bnRlcm5ldC wgVFYsIGFu ZCBob21lIH Bob25lLCBt YWtpbmcgaX QgYSBvbmUt c3RvcC1zaG 9wIGZvciBj dXN0b21lcn MnIGNvbW11 bmljYXRpb2 4gbmVlZHMu PGJyPjcuIE NvcnBvcmF0 ZSBSZXNwb2 5zaWJpbGl0 eTogVmVyaX pvbiBoYXMg YSBzdHJvbm cgY29tbWl0 bWVudCB0by Bjb3Jwb3Jh dGUgcmVzcG 9uc2liaWxp dHksIHdpdG ggaW5pdGlh dGl2ZXMgZm 9jdXNlZCBv biBzdXN0YW luYWJpbGl0 eSwgZGl2ZX JzaXR5IGFu ZCBpbmNsdX Npb24sIGFu ZCBjb21tdW 5pdHkgaW52 b2x2ZW1lbn QuPGJyPjgu IEFjcXVpc2 l0aW9ucyBh bmQgUGFydG 5lcnNoaXBz OiBPdmVyIH RoZSB5ZWFy cywgVmVyaX pvbiBoYXMg YWNxdWlyZW Qgc2V2ZXJh bCBjb21wYW 5pZXMgYW5k IGZvcm1lZC BzdHJhdGVn aWMgcGFydG 5lcnNoaXBz LCBzdHJlbm d0aGVuaW5n IGl0cyBtYX JrZXQgcG9z aXRpb24gYW 5kIGV4cGFu ZGluZyBpdH MgcHJvZHVj dCBhbmQgc2 VydmljZSBv ZmZlcmluZ3 MuPGJyPjku IEJyYW5kIF JlY29nbml0 aW9uOiBWZX Jpem9uIGlz IGEgd2VsbC 1rbm93biBh bmQgdHJ1c3 RlZCBicmFu ZCwgd2l0aC BhIHN0cm9u ZyBwcmVzZW 5jZSBpbiB0 aGUgdGVsZW NvbW11bmlj YXRpb25zIG luZHVzdHJ5 IGFuZCBhIG xveWFsIGN1 c3RvbWVyIG Jhc2UuPGJy PjEwLiBTb2 NpYWwgSW1w YWN0OiBWZX Jpem9uJ3Mg cGhpbGFudG hyb3BpYyBh cm0sIHRoZS BWZXJpem9u IEZvdW5kYX Rpb24sIGhh cyBpbnZlc3 RlZCBtaWxs aW9ucyBvZi Bkb2xsYXJz IGluIGluaX RpYXRpdmVz IHRoYXQgc3 VwcG9ydCBl ZHVjYXRpb2 4sIGhlYWx0 aCwgYW5kIH N1c3RhaW5h YmlsaXR5LC BtYWtpbmcg YSBwb3NpdG l2ZSBpbXBh Y3QgaW4gY2 9tbXVuaXRp ZXMgYXJvdW 5kIHRoZSB3 b3JsZC4=

VmVyaXpvbi dzIGJ1c2lu ZXNzIG1vZG VsIGlzIGEg bXVsdGktc2 VnbWVudGVk IGFwcHJvYW NoIHRoYXQg aW52b2x2ZX MgcHJvdmlk aW5nIHRlbG Vjb21tdW5p Y2F0aW9ucy BhbmQgdGVj aG5vbG9neS BzZXJ2aWNl cyB0byBib3 RoIGluZGl2 aWR1YWxzIG FuZCBidXNp bmVzc2VzLi BUaGVzZSBz ZXJ2aWNlcy BpbmNsdWRl IHdpcmVsZX NzIHBob25l IHBsYW5zLC BpbnRlcm5l dCBhbmQgVF YgcGFja2Fn ZXMsIGhvbW UgcGhvbmUg c2VydmljZX MsIGFzIHdl bGwgYXMgYn VzaW5lc3Mg c29sdXRpb2 5zIHN1Y2gg YXMgY2xvdW QgY29tcHV0 aW5nLCBjeW JlcnNlY3Vy aXR5LCBhbm QgSW50ZXJu ZXQgb2YgVG hpbmdzIChJ b1QpIHNlcn ZpY2VzLjxi cj5WZXJpem 9uJ3MgcHJp bWFyeSByZX ZlbnVlIHN0 cmVhbSBjb2 1lcyBmcm9t IGl0cyB3aX JlbGVzcyBz ZXJ2aWNlcy wgd2hpY2gg aW5jbHVkZX MgcG9zdHBh aWQgYW5kIH ByZXBhaWQg cGxhbnMsIG RldmljZSBz YWxlcywgYW 5kIG90aGVy IHJlbGF0ZW Qgc2Vydmlj ZXMgc3VjaC BhcyBpbnRl cm5hdGlvbm FsIHJvYW1p bmcgYW5kIG RhdGEgb3Zl cmFnZXMuIF RoZSBjb21w YW55IGFsc2 8gZ2VuZXJh dGVzIHJldm VudWUgdGhy b3VnaCBpdH Mgd2lyZWxp bmUgc2Vydm ljZXMsIHdo aWNoIGluY2 x1ZGVzIGlu dGVybmV0LC BUViwgYW5k IGhvbWUgcG hvbmUgb2Zm ZXJpbmdzLj xicj5BZGRp dGlvbmFsbH ksIFZlcml6 b24gaGFzIG RpdmVyc2lm aWVkIGl0cy BidXNpbmVz cyBieSBhY3 F1aXJpbmcg bWVkaWEgY2 9tcGFuaWVz IHN1Y2ggYX MgQU9MIGFu ZCBZYWhvby wgd2hpY2gg YWxsb3dzIH RoZW0gdG8g b2ZmZXIgZG lnaXRhbCBj b250ZW50LC BhZHZlcnRp c2luZywgYW 5kIGUtY29t bWVyY2Ugc2 VydmljZXMg dG8gaXRzIG N1c3RvbWVy cy48YnI+T3 ZlcmFsbCwg VmVyaXpvbi dzIGJ1c2lu ZXNzIG1vZG VsIGZvY3Vz ZXMgb24gcH JvdmlkaW5n IGEgY29tcH JlaGVuc2l2 ZSByYW5nZS BvZiB0ZWxl Y29tbXVuaW NhdGlvbiBh bmQgdGVjaG 5vbG9neSBz ZXJ2aWNlcy B0byBtZWV0 IHRoZSBldm 9sdmluZyBu ZWVkcyBvZi Bib3RoIGlu ZGl2aWR1YW wgYW5kIGJ1 c2luZXNzIG N1c3RvbWVy cywgd2hpbG UgYWxzbyBl eHBhbmRpbm cgaW50byBu ZXcgbWFya2 V0cyBhbmQg aW5kdXN0cm llcyB0aHJv dWdoIHN0cm F0ZWdpYyBh Y3F1aXNpdG lvbnMu

AI does pose some potential threats to Verizon’s products, services, and competitive positioning, and these threats can manifest in various ways:
1. Substitution: AI technologies can lead to the development of alternative services that might substitute for traditional telecom offerings. For example, enhanced communication tools powered by AI, such as messaging applications and online collaboration platforms, may reduce the reliance on conventional voice and text services. Furthermore, advancements in AI-driven content delivery can impact the demand for traditional media and entertainment services offered by Verizon.
2. Disintermediation: The rise of AI can facilitate direct connections between consumers and content providers, potentially bypassing traditional telecom companies. For instance, companies leveraging AI might create platforms that directly stream content to users, reducing the need for traditional cable or satellite services. This disintermediation can undermine Verizon’s role as a middleman, impacting its revenue from bundled services.
3. Margin Pressure: AI can lead to efficiencies that increase competition among telecom providers. Companies that effectively implement AI for network optimization, customer service, and operational efficiency may be able to offer lower prices or improved services. This competitive landscape can create margin pressure for Verizon, compelling it to reduce prices or invest more in technology to retain market share.
Overall, while AI offers opportunities for enhancement and innovation, it also introduces several risks that Verizon must navigate to maintain its competitive edge in the rapidly evolving telecommunications landscape. Adapting to these changes will require strategic investments in AI technologies and a reevaluation of business models to ensure long-term sustainability and relevance.

Verizon’s earnings, cash flow, and valuation are all sensitive to changes in interest rates due to several interconnected factors.
1. Earnings Sensitivity: Verizon’s earnings can be affected by interest rates in a couple of ways. First, higher interest rates can increase the cost of borrowing, which can lead to higher interest expenses on any outstanding debt. Since Verizon carries a significant amount of debt to finance its operations and investments, an increase in rates could reduce net earnings. Additionally, if consumer and business spending decreases due to higher borrowing costs, it may impact Verizon’s revenue, particularly in segments like wireless services.
2. Cash Flow Sensitivity: Similar to earnings, cash flow is also impacted by interest rates. An increase in rates can raise borrowing costs and reduce the free cash flow generated from operations. High interest payments may strain cash flow, limiting the company’s ability to invest in its infrastructure or return capital to shareholders through dividends or buybacks. Conversely, lower interest rates can enhance cash flow by reducing interest expenses.
3. Valuation Sensitivity: Valuation is sensitive to interest rates, particularly through the discounted cash flow (DCF) method. As interest rates rise, the discount rate applied to future cash flows increases, resulting in a lower present value of those cash flows, which can lead to a decline in the stock’s valuation. This is especially critical for dividend-paying stocks like Verizon, as investors often use yield comparisons to decide on their investments. If risk-free rates (like those on government bonds) rise, investors may demand higher yields from Verizon’s dividend, putting downward pressure on the stock price.
Overall, changes in interest rates can impact Verizon’s overall financial health significantly, affecting its ability to generate profits and grow, its cash flow sustainability, and its market valuation.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgVm VyaXpvbuKA mXMgZWNvbm 9taWNzIG92 ZXIgdGhlIG 5leHQgM+KA kzUgeWVhcn MgaW52b2x2 ZXMgYSBzaW duaWZpY2Fu dCBzaGlmdC BpbiBjb25z dW1lciBiZW hhdmlvciB0 b3dhcmQgYW x0ZXJuYXRp dmUgY29tbX VuaWNhdGlv biBhbmQgZG F0YSBzZXJ2 aWNlcy4gVG hpcyBjb3Vs ZCBiZSBkcm l2ZW4gYnkg YSBjb21iaW 5hdGlvbiBv ZiBhZHZhbm NlbWVudHMg aW4gdGVjaG 5vbG9neSwg cmVndWxhdG 9yeSBjaGFu Z2VzLCBhbm QgY29tcGV0 aXRpdmUgcH Jlc3N1cmVz Ljxicj5Gb3 IgZXhhbXBs ZSwgaWYgYS BuZXcgdGVj aG5vbG9neS BlbWVyZ2Vz IHRoYXQgYW xsb3dzIGNv bnN1bWVycy B0byBhY2Nl c3MgaGlnaC 1zcGVlZCBp bnRlcm5ldC BhbmQgdGVs ZWNvbW11bm ljYXRpb25z IHNlcnZpY2 VzIHRocm91 Z2ggc2F0ZW xsaXRlIG9y IGxvdy1vcm JpdCBzcGFj ZSBuZXR3b3 JrcyBhdCBh IGZyYWN0aW 9uIG9mIHRo ZSBjdXJyZW 50IGNvc3Qs IFZlcml6b2 4gY291bGQg ZmFjZSBjb2 5zaWRlcmFi bGUgY2hhbG xlbmdlcy4g VGhpcyBzY2 VuYXJpbyBj b3VsZCBiZS Bjb21wb3Vu ZGVkIGJ5IG luY3JlYXNp bmcgcmVndW xhdG9yeSBw cmVzc3VyZS B0byBsb3dl ciBwcmljZX MgYW5kIGlt cHJvdmUgc2 VydmljZSBh Y2Nlc3MsIG VzcGVjaWFs bHkgaW4gdW 5kZXJzZXJ2 ZWQgYXJlYX MuIEZ1cnRo ZXJtb3JlLC BhZ2dyZXNz aXZlIHByaW NpbmcgYW5k IGlubm92YX RpdmUgc2Vy dmljZXMgZn JvbSBjb21w ZXRpdG9yc+ KAlHN1Y2gg YXMgdGVjaC Bjb21wYW5p ZXMgZW50ZX JpbmcgdGhl IHRlbGVjb2 0gc3BhY2Ug d2l0aCB1bm lxdWUgb2Zm ZXJpbmdz4o CUY291bGQg ZnVydGhlci Blcm9kZSBW ZXJpem9u4o CZcyBtYXJr ZXQgc2hhcm UuPGJyPklu IHRoaXMgc2 NlbmFyaW8s IFZlcml6b2 7igJlzIG1h cmdpbnMgd2 91bGQgbGlr ZWx5IGJlIG FkdmVyc2Vs eSBhZmZlY3 RlZC4gQXMg Y29tcGV0aX Rpb24gaW50 ZW5zaWZpZX MgYW5kIGNv bnN1bWVycy BncmF2aXRh dGUgdG93YX JkIGNoZWFw ZXIgYWx0ZX JuYXRpdmVz LCBWZXJpem 9uIG1heSBm aW5kIGl0IG 5lY2Vzc2Fy eSB0byBsb3 dlciBwcmlj ZXMgdG8gcm V0YWluIGN1 c3RvbWVycy wgbGVhZGlu ZyB0byBhIG NvbXByZXNz aW9uIGluIH Byb2ZpdCBt YXJnaW5zLi BUaGUgY29t cGFueeKAmX Mgb3BlcmF0 aW5nIGV4cG Vuc2VzIG1h eSBhbHNvIH Jpc2UgYXMg aXQgaW52ZX N0cyBpbiBu ZXcgdGVjaG 5vbG9naWVz IHRvIGNvbX BldGUsIGZ1 cnRoZXIgZX JvZGluZyBw cm9maXRhYm lsaXR5Ljxi cj5DYXNoIG Zsb3cgd291 bGQgYmUgaW 1wYWN0ZWQg YXMgd2VsbC 4gV2l0aCBk ZWNsaW5pbm cgcmV2ZW51 ZXMgZnJvbS Bib3RoIHdp cmVsaW5lIG FuZCB3aXJl bGVzcyBzZX J2aWNlcyBh bmQgcG90ZW 50aWFsbHkg aW5jcmVhc2 VkIGNhcGl0 YWwgZXhwZW 5kaXR1cmUg dG8ga2VlcC B1cCB3aXRo IHRlY2hub2 xvZ2ljYWwg YWR2YW5jZW 1lbnRzLCB0 aGUgY29tcG FueeKAmXMg ZnJlZSBjYX NoIGZsb3cg bWlnaHQgZG VjbGluZS4g QSBzdXN0YW luZWQgZGVj cmVhc2UgaW 4gY3VzdG9t ZXIgc3Vic2 NyaXB0aW9u cyB3b3VsZC BleGFjZXJi YXRlIGNhc2 ggZmxvdyBp c3N1ZXMsIG 1ha2luZyBp dCBkaWZmaW N1bHQgZm9y IFZlcml6b2 4gdG8gbWFp bnRhaW4gaX RzIGhpc3Rv cmljYWxseS Byb2J1c3Qg ZGl2aWRlbm QgcGF5bWVu dHMgb3IgZn VuZCBmdXJ0 aGVyIGludm VzdG1lbnRz Ljxicj5Pbi B0aGUgYmFs YW5jZSBzaG VldCwgdGhl IHN1c3RhaW 5lZCBlY29u b21pYyBwcm Vzc3VyZSBj b3VsZCByZX N1bHQgaW4g YW4gaW5jcm Vhc2UgaW4g ZGVidCBsZX ZlbHMuIFRv IGNvdW50ZX JhY3QgZGVj bGluaW5nIH JldmVudWVz LCBWZXJpem 9uIG1pZ2h0 IHJlc29ydC B0byBib3Jy b3dpbmcgdG 8gZnVuZCBv cGVyYXRpb2 5zIG9yIGlu dmVzdCBpbi BuZXcgdGVj aG5vbG9naW VzLCB3aGlj aCBjb3VsZC BpbXBhY3Qg aXRzIGNyZW RpdCByYXRp bmdzLiBJZi B0aGUgZGVi dC10by1lcX VpdHkgcmF0 aW8gaW5jcm Vhc2VzIHNp Z25pZmljYW 50bHksIGl0 IGNvdWxkIG xlYWQgdG8g aGlnaGVyIG ludGVyZXN0 IGV4cGVuc2 VzIGFuZCBy ZWR1Y2VkIG ZpbmFuY2lh bCBmbGV4aW JpbGl0eS4g SWYgdGhlIH NpdHVhdGlv biBwZXJzaX N0cywgVmVy aXpvbiBtaW dodCBiZSBm b3JjZWQgdG 8gbWFrZSBk aWZmaWN1bH QgZGVjaXNp b25zLCBsaW tlIGN1dHRp bmcgam9icy BvciBzZWxs aW5nIG9mZi Bub2NvcmUg YXNzZXRzIH RvIHN0YWJp bGl6ZSBpdH MgZmluYW5j ZXMuPGJyPk 92ZXJhbGws IGlmIHN1Y2 ggYSBzY2Vu YXJpbyB3ZX JlIHRvIHVu Zm9sZCwgVm VyaXpvbuKA mXMgZWNvbm 9taWNzIGNv dWxkIGJlY2 9tZSBwZXJt YW5lbnRseS BpbXBhaXJl ZCwgbGVhZG luZyB0byBs b3dlciBpbn Zlc3RvciBj b25maWRlbm NlLCByZWR1 Y2VkIG1hcm tldCB2YWx1 YXRpb24sIG FuZCBsb25n LXRlcm0gY2 hhbGxlbmdl cyBpbiBtYW ludGFpbmlu ZyBpdHMgY2 9tcGV0aXRp dmUgcG9zaX Rpb24gaW4g dGhlIHRlbG Vjb20gaW5k dXN0cnkuPG JyPg==

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvZn Z1clhkbFRi Zmp0Y3BSQT Jjd0cud2Vi cCIgYWx0PS JWZXJpem9u IiB0aXRsZT 0iVmVyaXpv biIgIGNsYX NzPSJpbWct Zmx1aWQiIG hlaWdodD01 MCB3aWR0aD 01MCBsb2Fk aW5nPSdsYX p5JyBzdHls ZT0nYm9yZG VyLXJhZGl1 czogNnB4Oy c+CgogICAg ICAgICAgIC AgICAgICAg IDxkaXYgc3 R5bGU9J2Zs ZXg6IDE7IH RleHQtYWxp Z246IGNlbn RlcjsgbWFy Z2luLWxlZn Q6IDVweDsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICA8cCBz dHlsZT0nZm 9udC1zaXpl OiAyNnB4Oy Bjb2xvcjog IzMzMzsgbW FyZ2luLWJv dHRvbTogMT VweDsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAg8J+T iCBXYW50IH RvIHJlYWQg bW9yZSBhYm 91dCBWZXJp em9uPwogIC AgICAgICAg ICAgICAgIC AgICAgICA8 L3A+CgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 YSBocmVmPS dpbmRleC5w aHA/cGFnZT 1zaWdudXAn IHN0eWxlPS cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG JhY2tncm91 bmQtY29sb3 I6ICMwMDdC RkY7CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBjb2xvcj ogI2ZmZjsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIHBh ZGRpbmc6ID EwcHggMjBw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGJvcmRlci 1yYWRpdXM6 IDVweDsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIHRleH QtZGVjb3Jh dGlvbjogbm 9uZTsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGZvbnQt d2VpZ2h0Oi Bib2xkOwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgbWFy Z2luLXJpZ2 h0OiAxMHB4 OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg dHJhbnNpdG lvbjogYmFj a2dyb3VuZC 1jb2xvciAw LjNzIGVhc2 U7JwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Agb25tb3Vz ZW92ZXI9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A1NmIzIicK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIG9u bW91c2VvdX Q9J3RoaXMu c3R5bGUuYm Fja2dyb3Vu ZENvbG9yPS IjMDA3QkZG Iic+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBTaWduIH VwIGZvciBm cmVlCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv YT4KCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxz cGFuIHN0eW xlPSdtYXJn aW46IDAgOH B4OyBjb2xv cjogIzU1NT snPm9yPC9z cGFuPgoKIC AgICAgICAg ICAgICAgIC AgICAgICAg PGEgaHJlZj 0naW5kZXgu cGhwP3BhZ2 U9bG9naW4n IHN0eWxlPS cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG NvbG9yOiAj MDA3QkZGOw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgdG V4dC1kZWNv cmF0aW9uOi B1bmRlcmxp bmU7CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBmb250LX dlaWdodDog NTAwOyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBsb2 cgaW4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9hPgoKCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xwIHN0eWxl PSdtYXJnaW 4tdG9wOiAx NXB4OyBmb2 50LXNpemU6 IDEzcHg7IG ZvbnQtd2Vp Z2h0OiBib2 xkOyBjb2xv cjogI2QzMm YyZjsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAg8J+a gCBEb27igJ l0IG1pc3Mg PGk+IlRoZS BDaGVja2xp c3QgVmFsdW UgSW52ZXN0 b3Ig4oCUIE EgU21hcnRl ciBXYXkgdG 8gUGljayBT dG9ja3MiPC 9pPiDigJQg ZnJlZSEKIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9wPgoKIC AgICAgICAg ICAgICAgIC AgICAgICAg PCEtLQogIC AgICAgICAg ICAgICAgIC AgICAgICA8 ZGl2IHN0eW xlPSdtYXJn aW4tdG9wOi AxMnB4OyBm b250LXNpem U6IDEzcHg7 IGNvbG9yOi AjNDQ0Oyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG 5vdyBhbmQg Z2V0IG91ci BmcmVlIGVC b29rIAogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgPGI+VG hlIENoZWNr bGlzdCBWYW x1ZSBJbnZl c3RvciDigJ QgQSBTbWFy dGVyIFdheS B0byBQaWNr IFN0b2Nrcz wvYj4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9kaXY+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC 0tPgogICAg ICAgICAgIC AgICAgICAg ICAgICA8IS 0tCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxkaX Ygc3R5bGU9 J21hcmdpbi 10b3A6IDE2 cHg7IGZvbn Qtc2l6ZTog MTRweDsgY2 9sb3I6ICM0 NDQ7IGZvbn QtZmFtaWx5 OiAtYXBwbG Utc3lzdGVt LCBCbGlua0 1hY1N5c3Rl bUZvbnQsIF NlZ29lIFVJ LCBSb2JvdG 8sIEhlbHZl dGljYSBOZX VlLCBzYW5z LXNlcmlmOy BsaW5lLWhl aWdodDogMS 42Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBIYXZl IHlvdSBoZW FyZCBhYm91 dCBvdXIgc2 hvcnQgPHN0 cm9uZyBzdH lsZT0nZm9u dC13ZWlnaH Q6IDYwMDsn PkRhaWx5IF ZpZGVvIE5l d3NsZXR0ZX I8L3N0cm9u Zz4/CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICA8YSBocm VmPSdodHRw czovL3d3dy 5pbnNpZ2h0 ZnVsdmFsdW UuY29tL25l d3NsZXR0ZX IucGhwJyB0 YXJnZXQ9J1 9ibGFuaycg c3R5bGU9J2 NvbG9yOiAj MDA3QkZGOy B0ZXh0LWRl Y29yYXRpb2 46IG5vbmU7 IGZvbnQtd2 VpZ2h0OiA1 MDA7IG1hcm dpbi1sZWZ0 OiA2cHg7Jz 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBGaW5k IG91dCBtb3 JlCiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC A8L2E+CiAg ICAgICAgIC AgICAgICAg ICAgICAgID wvZGl2Pgog ICAgICAgIC AgICAgICAg ICAgICAgIC AtLT4KICAg ICAgICAgIC AgICAgICAg ICA8L2Rpdj 4KICAgICAg ICAgICAgIC AgIDwvZGl2 PgogICAgIC AgICAgICA8 L2Rpdj4KIC AgICAgICAg ICAgCiAgIC AgICAgCiAg ICAgICAgPH NwYW4gY2xh c3M9J2JsdX JyZWQtdGV4 dCc+CiAgIC AgICAgICAg IExTQldaWE pwZW0gOXVJ SGRoY3lCdi BjbWxuYVc1 aGJHIHg1SU dadmRXNWsg WldRZ1lYTW dRbSBWc2JD QkJkR3hoIG JuUnBZeUJw YmkgQXhPVG d6SUdGbSBk R1Z5SUhSb1 pTIEJpY21W aGEzVncgSU c5bUlFRlVK bCBRdVBHSn lQaTBnIFZH aGxJR052Yl ggQmhibm5p Z0pseiBJRz VoYldVZ2Qy IEZ6SUdOb1 lXNW4gWldR Z2RHOGdWbS BWeWFYcHZi aUJEIGIyMX RkVzVwWTIg RjBhVzl1Y3 lCcCBiaUF5 TURBd0lHIE ZtZEdWeUlH RWcgYldWeV oyVnlJSCBk cGRHZ2dSMV JGIExqeGlj ajR0SUYgWm xjbWw2YjI0 ZyBhWE1nYj I1bElHIDlt SUhSb1pTQn MgWVhKblpY TjBJSCBSbG JHVmpiMjF0 IGRXNXBZMk YwYVcgOXVj eUJqYjIxdy BZVzVwWlhN Z2FXIDRnZE dobElIZHYg Y214a0xDQj NhWCBSb0lH OXdaWEpoIG RHbHZibk1n YVcgNGdiVz l5WlNCMCBh R0Z1SURFMU 1DIEJqYjNW dWRISnAgWl hNdVBHSnlQ aSAwZ1ZHaG xJR052IGJY Qmhibm5pZ0 ogbHpJR2hs WVdSeCBkV0 Z5ZEdWeWN5 IEJoY21VZ2 JHOWogWVhS bFpDQnBiaS BCT1pYY2dX Vzl5IGF5Qk RhWFI1TGog eGljajR0SU ZabCBjbWw2 YjI0Z2FYIE 1nYTI1dmQy NGcgWm05eU lHbDBjeSBC M2FYSmxiR1 Z6IGN5Qmhi bVFnZDIgbH laV3hwYm1V ZyBjMlZ5ZG 1salpYIE1z SUhkcGRHZ2 cgYVhSeklI ZHBjbSBWc1 pYTnpJR1Jw IGRtbHphVz l1SUggTmxj blpwYm1jZy BiM1psY2lB eE1EIEFnYl dsc2JHbHYg YmlCamRYTj BiMiAxbGNu TXVQR0p5IF BpMGdTVzRn TWogQXhOU3 dnVm1WeSBh WHB2YmlCaF kzIEYxYVhK bFpDQkIgVD B3Z1ptOXlJ QyBRMExqUW dZbWxzIGJH bHZiaUJoYm 0gUWdhVzRn TWpBeCBOeX dnYVhRZ1lX IE54ZFdseV pXUWcgV1dG b2IyOGdabS A5eUlDUTBM alE0IElHSn BiR3hwYjIg NHNJR1p2Y2 0xcCBibWNn WVNCdVpYIG NnWkdsMmFY TnAgYjI0Z1 kyRnNiRyBW a0lFOWhkR2 dnIFNXNWpM anhpY2ogNH RJRWx1SURJ dyBNVGdzSU ZabGNtIGw2 YjI0Z1ltVm ogWVcxbElI Um9aUyBCbW FYSnpkQ0Iw IFpXeGxZMj l0YlggVnVh V05oZEdsdi Bibk1nWTI5 dGNHIEZ1ZV NCcGJpQjAg YUdVZ2QyOX liRyBRZ2RH OGdOVWNnIG MyVnlkbWxq WlggTWdhVz RnWTJWeSBk R0ZwYmlCam FYIFJwWlhN dVBHSnkgUG kwZ1ZtVnlh WCBwdmJpQn BjeUJoIElH MWhhbTl5SU ggTndiMjV6 YjNJZyBhVz RnYzNCdmNu IFJ6SUdGdV pDQmwgYm5S bGNuUmhhVy A1dFpXNTBJ R2x1IFpIVn pkSEpwWlgg TXNJR2x1WT J4MSBaR2x1 WnlCaVpXIG x1WnlCMGFH VWcgZEdsMG JHVWdjMyBC dmJuTnZjaU J2IFppQjBh R1VnVGsgWk 00b0NaY3lC USBjbThnUW 05M2JDIDQ4 WW5JK0xTQl cgWlhKcGVt OXVJRyBoaG N5QnlaV05s IGFYWmxaQ0 JqY20gbDBh V05wYzIwZy BabTl5SUds MGN5IEJwYm 5admJIWmwg YldWdWRDQn BiaSBCMGFH VWdUbUYwIG FXOXVZV3dn VTIgVmpkWE pwZEhrZyBR V2RsYm1ONT RvIENaY3lC amIyNTAgY2 05MlpYSnph VyBGc0lITj FjblpsIGFX eHNZVzVqWl MgQndjbTlu Y21GdCBjeT Q4WW5JK0xT IEJVYUdVZ1 kyOXQgY0dG dWVlS0FtWC BNZ2JXOTBk RzhnIGFYTW dRbVYwZEcg VnlJRzFoZE hSbCBjbk1z SUdWdGNHIG hoYzJsNmFX NW4gSUdsMG N5QmpiMiAx dGFYUnRaVz UwIElIUnZJ SEJ5YjMgWn BaR2x1WnlC eiBkWEJsY2 1sdmNpIEJ6 WlhKMmFXTm wgY3lCaGJt UWdZMyBWem RHOXRaWEln IFpYaHdaWE pwWlcgNWpa UzQ9CiAgIC AgICAgPC9z cGFuPgogIC AgICAgIAog ICAgICAgIA ==