Krispy Kreme Essay Example

Krispy Kreme Essay Krispy Kreme Doughnuts, Inc. FIN Professor XXX XXXX Month xx, xxxx History Krispy Kreme was founded by Vernon Rudolph after he purchased the famous secret recipe of yeast-raised doughnuts in 1937 from a French chef in New Orleans. Rudolph began to sell these doughnuts wholesale to supermarkets. The demand for his doughnuts grew quickly, and by cutting a hole in the wall of the factory to sell directly to customers the concept of Krispy Kreme retail stores was born. The retail concept for Krispy Kreme doughnuts allowed Rudolph to grow his factory stores to 29 shops in 12 states by the late 1950’s. When Rudolph died in 973 Beatrice Foods bought his company and expanded it to more than 100 locations and expanded the menu to include soups and sandwiches. Beatrice tried to reduce costs by changing the appearance of the stores and using cheaper ingredients. This negatively affected the company and Beatrice sold the company to a group of franchise owners. This group of owners was led by Joseph McAleer, who was the first Krispy Kreme franchisee. The leveraged buyout was completed for $24 million in 1982. The new group brought back the original recipe and logo. By 1989 the group was almost debt free and they were beginning to expand. The company CEO, Scott Livengood, took the company public in April of 2000. The share price after the first day was $40. 63. Holes in Doughnut Accounting Practices In May of 2004 Krispy Kreme announced to its investors that they should expect earnings to be 10% lower than predicted. It was at this time that the low-carb diet had taken the U. S by storm, and Krispy Kreme blamed this low-carb diet for their low wholesale and retail sales. We will write a custom essay sample on Krispy Kreme specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Krispy Kreme specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Krispy Kreme specifically for you FOR ONLY $16.38 $13.9/page Hire Writer They also announced the sales of a the Montana Mills bakery chain of 28 bakery cafe’s that had been acquired in January of 2003 for $40 million in stock. Krispy Kreme also announced that the Hot Doughnut and Coffee Shops were falling short of expectations and three of them were closing at a cost of $7 to $8 million. Krispy Kreme (KKD) stock price closed down 30% that day. Shortly after on May 25th, 2004 when the Wall Street Journal published a story about how Krispy Kreme handled is accounting for franchise acquisitions. According to the article Krispy Kreme recorded the interest paid by the franchisee as interest income for immediate profit, except that Krispy Kreme booked the purchase cost of the franchise as an intangible asset and did not amortize it. In the repurchase agreement of the 7 stores in Michigan, they allowed one of the franchises top executives to stay on with the company after the repurchase. This executive left the company shortly after closing the deal, and had to pay him $5 million in severance which Krispy Kreme also rolled into the unamortized-asset category. Krispy Kreme claimed it followed GAAP standards and had done nothing wrong. The final shoe to drop as on July 29th, 2004 when Krispy Kreme announced that the Securities and Exchange Commission (SEC) had launched an informal investigation related to â€Å"franchise reacquisitions and the company’s previously announced reduction in earning guidance†. Krispy Kreme (KK) shares fell another 15%. The revelations about the companies accounting practices and showing interest as immediate income and not amortizing the repurchased franchises but rather showing them as intangible assets alone could justify the devaluation of their stock price by approx. 45%. Couple their earnings decline and the announcement of store closings and it easily can be justified. Couple that with the fear of the unknown. If Krispy Kreme was treating their interest and reacquired franchises as they were which seems to be blatantly wrong, what else might the SEC find during their investigation? This fear would certainly drive investors away and their share price down. The facts along with its ratings being dropped by 50% of analysts to â€Å"Hold† from â€Å"buy† a few months earlier. Krispy Kreme Deep Fried and Possible Deeper Issues Krispy Kreme grew incredibly quickly in the years leading up to the nvestigation (as shown in the chart below) and then may have tried to meet Wall Street expectations through some questionable practices such as shipping more product or pulling ahead product orders, then allowing the orders to be returned shortly after for credit. â€Å"Testimony by a former sales manager at a Krispy Kreme outlet in Ohio, said a regi onal manager ordered that retail store customers be sent double orders on the last Friday and Saturday of the 2004 fiscal year, explaining that Krispy Kreme wanted to boost the sales for the fiscal year in order to meet Wall Street projections. The witness said the manager explained that the doughnuts would be returned for credit the following week once fiscal 2005 was under way† (Chin, 2005). It seems pretty clear that Krispy Kreme was using questionable methods to inflate profits. Investors also later found out that Scott Livengood (CEO), the former COO John W. Tate, and the former CFO Randy Casstevens, â€Å"unloaded more than 475,000 shares of Krispy Kreme stock for proceeds of $19. 8 Million†, (Chin, 2005) while they were fully aware sales were declining since January of 2003. During this investigation, Scott Livengood, Krispy Kreme’s CEO announced his retirement. It would seem to me that there may be some deeper issues with Krispy Kreme and if I were a shareholder I would want out, or to be certain that Krispy Kreme’s accounting mess was cleaned up. The chart below shows Krispy Kreme’s performance during the years leading up to the investigation. Krispy Kreme Re-made Fresh Today Krispy Kreme’s stock has not fully recovered, (see chart below), but as of the end of 2012 Krispy Kreme seems to have made a comeback. â€Å"Krispy Kreme Doughnuts, Inc. Krispy Kreme) is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets. The Company’s principal business is owning and franchising Krispy Kreme stores, at which a variety of doughnuts, including the Company’s Original Glazed doughnut, are sold and distributed together with complementary products, and where a broad array of coffees a nd other beverages are offered. As of January 29, 2012, there were 234 Krispy Kreme stores operated domestically in 38 states and in the District of Columbia, and there were 460 shops in 20 other countries around the world. Of the 694 total stores, 292 were factory stores and 402 were satellites. The Company operates in four segments: Company Stores, domestic franchise stores, international franchise stores, and the KK Supply Chain† (Krispy Kreme Doughnuts). As of close of business on Friday last week KKD traded at $14. 80, way below its heyday when the stock traded in the $40’s but it is double its all-time low. Krispy Kreme doughnuts (KKD as of March 22, 2013 When compared to its competitors Krispy Kreme’s P/E is 49. 33. This is much higher than the others but its P/S is in the middle. Krispy Kreme’s competitors are listed as Dunkin’ Brands Group, Einstein Noah restaurant Group, and Starbuck Corporation. Below is the direct competitor comparison. Direct Competitor Comparison| | | KKD| DNKN| BAGL| SBUX| Industry| Market Cap:| 989. 57M| 3. 94B| 253. 09M| 42. 99B| 384. 28M| Employees:| N/A| 1,104| 6,912| 160,000| 10. 87K| Qtrly Rev Growth (yoy):| 0. 16| -0. 04| -0. 04| 0. 11| 0. 30| Revenue (ttm): | 435. 84M| 658. 18M| 427. 01M| 13. 66B| 453. 84M| Gross Margin (ttm):| 0. 17| 0. 79| 0. 21| 0. 57| 0. 31| EBITDA (ttm):| 47. 93M| 304. 86M| 48. 46M| 2. 46B| 47. 5M| Operating Margin (ttm): | 0. 09| 0. 38| 0. 07| 0. 14| 0. 07| Net Income (ttm):| 20. 78M| 108. 18M| 12. 74M| 1. 43B| N/A| EPS (ttm):| 0. 30| 0. 93| 0. 74| 1. 86| 0. 78| P/E (ttm):| 49. 33| 39. 95| 20. 01| 30. 87| 29. 99| PEG (5 yr expected):| 1. 02| 1. 58| 0. 98| 1. 43| 1. 50| P/S (ttm):| 2. 24| 5. 96| 0. 59| 3. 13| 1. 04| | | | | Suggestions for a Krisp/Klean Future Making Doughnuts I three things I might suggest if I were the CFO for Krispy Kreme doughnuts would be to insure open communication with investors and insure them that internal auditing systems are in place. I’m sure that investors lost all trust in the previous management because of the questionable practices that were followed. Krispy Kreme needs to rebuild that trust by having open lines of communication with its investors. I would take a serious look at closing unprofitable stores, and research other markets to open more stores. Some areas may still be underperforming while others are booming. Concentrate on the areas that show better potential and take advantage of that market while it is supporting growth. Because their competitors seem to offer expanded menus I would concentrate on healthy choices for the lunchtime crowd. Everyone is aware of Krispy Kreme’s doughnuts, but I’m not so sure their other menu items are well known as an option for lunch/brunch. Other than the morning rush for doughnuts, they could make their stores more profitable with being the †go toâ€Å" spot for lunch also. References Chin, N. (2005). Krispy Kreme Dougnuts: Empty calories or empty profits? Retrieved from http://www. corporateconflicts. com/index-sb-cases-kk. html Krispy kreme doughnuts. (n. d. ). Retrieved from http://www. google. com/finance? client=obq=NYSE:KKD

Ranking the Countries of Asia by Area

Ranking the Countries of Asia by Area Asia is the largest continent in the world with a total area of 17,212,000 square miles (44,579,000 sq km) and a 2017 population estimate of 4,504,000,000 people, which is 60 percent of the worlds population, according to the UNs  World Population Prospects, 2017 Revision. Most of Asia is in the northern and eastern hemispheres  and shares its landmass with Europe; together they  make up Eurasia.  The continent covers about 8.6 percent of the Earths surface and represents about one-third of its land mass. Asia has a varied topography that consists of the worlds highest mountains, the Himalayas, as well as some of the lowest elevations on Earth.Asia is made up of 48 different countries, and as such, it is a diverse mix of people, cultures, and governments. The following is a list of the countries of Asia arranged by land area. All land area figures were obtained from the CIA World Factbook.   Asias Countries, From Largest to Smallest Russia: 6,601,668 square miles (17,098,242 sq km)China:  3,705,407 square miles (9,596,960 sq km)India: 1,269,219 square miles (3,287,263 sq km)Kazakhstan:  1,052,090 square miles (2,724,900  sq km)Saudi Arabia:  830,000 square miles (2,149,690  sq km)Indonesia: 735,358 square miles (1,904,569 sq km)Iran: 636,371 square miles (1,648,195 sq km)Mongolia: 603,908 square miles (1,564,116 sq km)Pakistan:  307,374 square miles (796,095 sq km)Turkey: 302,535 square miles (783,562 sq km)Myanmar (Burma):  262,000 square miles (678,578 sq km)Afghanistan: 251,827 square miles (652,230 sq km)Yemen: 203,849 square miles (527,968 sq km)Thailand:  198,117 square miles (513,120  sq km)Turkmenistan: 188,456 square miles (488,100 sq km)Uzbekistan: 172,742 square miles (447,400 sq km)Iraq:  169,235 square miles (438,317  sq km)Japan:  145,914 square miles (377,915  sq km)Vietnam:  127,881 square miles (331,210 sq km)Malaysia:  127,354 square miles (329,847 sq km)Oman:  1 19,499 square miles (309,500  sq km)Philippines: 115,830 square miles (300,000 sq km) Laos: 91,429 square miles (236,800 sq km)  Kyrgyzstan:  77,202 square miles (199,951 sq km)Syria: 71,498 square miles (185,180 sq km)Cambodia:  69,898 square miles (181,035 sq km)Bangladesh:  57,321 square miles (148,460  sq km)Nepal:  56,827 square miles (147,181 sq km)Tajikistan:  55,637 square miles (144,100  sq km)  North Korea: 46,540 square miles (120,538 sq km)South Korea: 38,502 square miles (99,720 sq km)Jordan:  34,495 square miles (89,342  sq km)Azerbaijan: 33,436 square miles (86,600 sq km)United Arab Emirates:  32,278 square miles (83,600  sq km)Georgia: 26,911 square miles (69,700 sq km)Sri Lanka: 25,332 square miles (65,610 sq km)Bhutan:  14,824 square miles (38,394 sq km)Taiwan: 13,891 square miles (35,980 sq km)Armenia:  11,484 square miles (29,743 sq km)Israel: 8,019 square miles (20,770 sq km)Kuwait:  6,880 square miles (17,818  sq km)Qatar:  4,473 square miles (11,586  sq km)Lebanon: 4,015 square miles (10,400 sq km)Brunei:  2,226 square miles (5,765 sq km)Hong Kong: 428 square miles (1,108 sq km) Bahrain: 293 square miles (760 sq km)Singapore: 277.7 square miles (719.2 sq km)Maldi ves: 115 square miles (298 sq km) Note: The total sum of the areas listed above is lower than the figure mentioned in the introductory paragraph because that figure also includes areas that are territories and not countries.

The Black Civil Rights Movement is Back

The Black Civil Rights Movement is Back It has risen to the surface periodically over the last couple of decades, always in the turbulent wake of racist events and violence. It rose when Rodney King was beaten by police on a Los Angeles street in 1991, and when Abner Louima was brutalized by NYPD officers in 1997. It rose again two years later, when the unarmed Amadou Diallo was shot 19 times by NYPD. Then again in 2004, when, following the great flood, the majority-black city of New Orleans was left to fend for itself as police, the National Guard, and vigilantes murdered citizens at will. It rose when it became apparent in the late aughts that NYPD was systemically racially profiling black and brown boys and men with its Stop-N-Frisk policy. More recently, it rose when George Zimmerman murdered 17 year-old Trayvon Martin in 2012, and then got away with it, and when, within two months in 2013, Jonathan Ferrell and Renisha McBride were shot and killed while seeking help after surviving car accidents. There are countless ot her instances that could be included in this list. The Black Civil Rights Movement has never gone anywhere. Despite the legislative gains and the (limited) social progress that followed its peak in 1964, it has continued to exist in the minds, lives, and politics of many; and, in important national institutions like the NAACP, the ACLU, and in research and activist organizations that work tirelessly to track and call attention to systemic and everyday racism. But a mass movement, it has not been since the late 60s. From 1968 until the present, the Black Civil Rights Movement has been in a cycle of what sociologist and social movements expert Verta Taylor refers to as abeyance. Oxford English Dictionary defines abeyance as a state of temporary disuse or suspension. Taylor developed and popularized the sociological use of the term in the late 1980s in her studies of the US womens movement. In 2013, writing with Alison Dahl Crossley, Taylor described social movement abeyance as  a holding pattern in which a social movement manages to sustain itself and mount a challenge to authorities in a hostile political and cultural environment, thereby providing continuity from one stage of mobilization to another. Taylor and Crossley explain, When a movement declines, it does not necessary disappear. Rather, pockets of movement activity may continue to exist and can serve as starting points of a new cycle of the same or a new movement at a later point in time. Sociologist Kevin C. Winstead used the concept of abeyance as developed by Taylor to describe  the Black Civil Rights Movement from the period of 1968 through 2011 (the time of his studys publication). Citing the work of sociologist Douglas McAdam, Winstead details how the passing of Civil Rights legislation and the assassination of Rev. Dr. Martin Luther King, Jr. left the mainstream Black Civil Rights Movement without a sense of direction, momentum, or clear objectives. Simultaneously, the more radical members of the movement split off into the Black Power movement. This resulted in a fractured movement with disparate camps aligned with distinct organizations, including the NAACP, the SCLC, and Black Power working with different strategies on different goals (also a marker of a movement in abeyance). Winstead uses historical research to show how following the passage of Civil Rights legislation, and the false believe that racism had been vanquished by it, activists against racism were increasingly framed as criminals and deviants by the mainstream press. The racist caricature of the Reverend Al Shaprton as a lunatic and the racist stereotype of the angry black man/woman are common examples of this trend. But now, things have changed. State sanctioned extra-judicial police and vigilante killings of black people, most of them unarmed, are unifying black people and their allies across the US and around the world. The reemergence of the movement has been building for years, but it would seem that the technological developments that enable social media and widespread adoption of it has proved pivotal. Now, people across the nation know when a black person is unjustly killed anywhere in the US, regardless of the size and location of the crime, thanks to the sharing of news stories and the strategic use of hash tags. Since Michael Brown was killed by Officer Darren Wilson in Ferguson, MO on August 9, 2014, protests have surged across the nation, and have only increased in frequency and grown in size as the killing of unarmed black children and adults has continued since Browns death. The hash tags #BlackLivesMatter and #ICantBreathreferencing the police choke-hold murder of Eric Garnerhave become the slogans and rally cries of the movement. These words and their messages now course through US society, plastered on signs held by protesters in the 60,000 strong Millions March held in NYC on December 13, and in the marches featuring tens of thousands more in Washington, D.C.; Chicago; Boston; San Francisco and Oakland, California; and other cities and towns across the US. The Black Civil Rights Movement thrives now in the solidarity forged by frequent die-ins staged nationwide in public spaces and on college campuses, in the workplace protests of members of Congress and black professional athletes, and in the protest songs recently released by John Legend and Lauryn Hill. It thrives in the scholarly activism of teachers at all levels of the education system who have taught from The Ferguson Syllabus, and in the public promotion of research that proves that racism is real, and that it has deadly consequences. The Black Civil Rights Movement is no longer in abeyance. It is back with righteous passion, commitment, and focus. Though I am devastated by the recent events that have called it out of abeyance, I see hope in its very public and widespread return. I say to all members of the Black Civil Rights Movement, and all black people of the US (paraphrasing Kara Brown of Jezebel): I do not feel this pain the way you feel this pain. I do not fear the way you fear. But I too seethe at the vicious scourge of racism, and I pledge to fight it, always, in whatever ways you deem worthy.

Analysis of Oscar Wildes The Picture of Dorian Gray or The Importance Research Paper

Analysis of Oscar Wildes The Picture of Dorian Gray or The Importance of Being Earnest - Research Paper Example Web. A modern review of Lady Bracknell includes interviews with women and men who have played the most formidable character in Earnest. I will use this article to show how Earnest has accumulated meaning over time. Gagnier, Regenia. Idylls of the Marketplace: Oscar Wilde and the Victorian Public. Stanford: University Press Stanford, 1986. Print. This book talks about the 'truth' of Earnest, which will add a different angle to my discussion of expectations both internal and external to the play. It also talks about the popular reaction to Wilde's downfall, shortly after the play opened, which will be of use as my paper will examine not only Earnest but also its playwright. Gillespie, Michael Patrick. Oscar Wilde and the Poetics of Ambiguity. Gainesville: University Press Florida, 1996. Print. Gillespie's book talks about Earnest in terms of expectations: contemporary expectations of Wilde, of young men, and of the play genre. This is something I would like to investigate further, and with this book's help I will show how studied triviality and Wilde's reputation interacted with expectation in Earnest. Kohl, Norbert. Oscar Wilde: The Works of a Conformist Rebel. Trans. David Henry Wilson. Cambridge: Cambridge University Press, 1989. Print. The chapter on Earnest begins by declaring that before its first opening, audiences expected that Wilde's new play â€Å"would offer the very opposite of what was promised by the stolid-sounding title†. I find this interplay between title, content and expectation very interesting – with Earnest, was Wilde subverting expectations or living up to them? Prewitt Brown, Julia. Cosmopolitan Criticism: Oscar Wilde's Philosophy of Art. Virginia: Virginia University Press, 1997. Print. Prewitt Brown argues that Earnest â€Å"reflects the national myth of the century†, that an orphan can achieve great things in spite of uncertain origins. I will use her examples to ask whether Earnest was at all trivial, or if Wilde' s calculated superficiality is little more than a veneer. Sweet, Matthew. Inventing the Victorians. London: Faber & Faber, 2002. Print. Sweet's book offers a comprehensive new look at the Victorian era, and is very useful for subverting our expectations of Wilde's time. I will use this book to help create the background for my paper, placing us in Wilde's world rather than a modern misconception of Victorian Britain. Taylor, George. Players and Performances in the Victorian Theatre. Manchester: Manchester University Press, 1989. Print. In this book George Taylor looks at Victorian drama as a whole, examining how actors felt about their art. I hope to use this as a standard of expectation and seriousness by which to compare Earnest. Expectations of, and Undermined Triviality in, The Importance of Being Earnest The Importance of Being Earnest, Oscar Wilde's last play and penultimate piece of literature before his untimely death in 1900, is pivotal in the life of its playwright because it was first performed in 1895, just a few short months before Wilde was sentenced to two years' hard labor in prison for his homosexual liaisons. The play is part of Wilde's carefully cultivated persona as a dandy, creating a tone of studied triviality which was lapped up by an audience â€Å"engaged in a continuous search for bigger and better thrills†

The Ballad of the White Horse Essay Example | Topics and Well Written Essays - 500 words

The Ballad of the White Horse - Essay Example These lines were quoted by leading journals which were carrying war news. The Lady appearing before Alfred tells him that there is nothing much to look forward to, if it is only comfort that he is desiring. Things would only get tougher and man has to keep fighting as evil would only return stronger each time to engulf. Earl Ogier of the Stone and Sling, a General in King Gurthrum's army sings these lines in reply to the sentimental songs sung earlier by another Earl Elf, and Prince Harold before him who sang of the pleasures of this earth. He refutes their songs in which they speak about gods and women. Here he says that when all the pleasures are enjoyed , in life there is only Hate left. Having grown old, men like him and King Guthrum know that there is no such thing as true love. Chesterton with his strong faith in Roman Catholicism writes such lines to underline the state of Hell in side the minds of men of no belief. There is only despair and no faith in God to relieve the despair. This is King Gurthrum's song which express the bleakness of his heart. He sings in reply to the songs of Ogier and Elf before him , that, by now men have grown up to realize that there is no comfort of truth in any of the fanciful tales of gods and youth. The cold truth is that even gods die; even the mightiest kingdoms are raced down.

Abortion :: Abortion Pro Choice Argumentative

Abortion   Ã‚  Ã‚  Ã‚  Ã‚  Abortion is one of the most controversial topics of all times. It has caused countless deaths and several violent confrontations between the two separate parties of opinion. The fight between pro-life and pro-choice supporters has been long and brutal. This is because, despite what several people may believe, abortion is neither right nor wrong. It is the matter of a personal opinion, where, each side can say with certainty that the other one is wrong.   Ã‚  Ã‚  Ã‚  Ã‚   The question remains, should abortion be legal? Though some may disagree on this point, the fact is that legalized abortion is the only way to protect the lives of women around the world. If you look into American history to see the results of prohibiting abortions to women, you will see that no abortion means more women dead. The violence, which occurs today because of the pro-choice/pro-life conflicts is minimal in comparison to the thousands of hopeless women who turned to illegal abortions--either self-inflicted or preformed by the backroom "professionals"-- which resulted in infection, massive blood loss, and death. It is now since the abortion is legal better for women, because they have a place to go to where abortions can be performed in a clean environment and with minimum risks. The legalization of abortion is the only choice, no matter what side one takes in the debate. Women will try to do what they think is necessary to live as they wish, no matter w hat the risks are. In order to live as she chooses a woman may give up her freedom, her morals, her beliefs, her family, or even her life.   Ã‚  Ã‚  Ã‚  Ã‚  Abortion has been around for many years in every inhabited corner of the world. It has always been accepted as a mean to prevent the suffering of both the woman and her potential child. Abortion has been practiced widely in every society for many reasons including famine, war, poverty, overpopulation, or simply because a woman felt she was not ready for a child (Whitney 40). No one ever questioned a woman's right to this procedure. After all, who but God had the right to judge what a woman did with her own body? This thought process lasted till the 1800's. During the era of change people began to turn their attention in a new direction, the fetus. They began to protest abortion as cruel, inhumane, and murderous. Filled with a new sense of purpose and the glory of a fresh, righteous cause to uphold this new morality swept the countryside enveloping everyone in its wake.

The Network Operating System For Habibi’s Restaurant

Log-on securities are delicate in protecting the computer network. As a restaurant that uses computers to enhance faster communication in a more efficient and less time consuming way must be aware of certain software updates to ensure the safety of the computer services. Defined in Wikipedia (2007), the system must be using the software NOS or network operating system hence this controls networking, the messages that comes like traffic and queues when many users are using the network. The software does not only aid in the quick access but it also does some administrative functions and has an especial function when it comes to security. Compared to the available softwares like OS's or Windows XP, NOS run to enhance the optimum network performance and the software is commonly used in local area networks or to a wide area networks but is also applicable to a broader array of networks. NOS are based in the 5 layers of OSI reference model. The restaurant could use the latest available NOS like Novell Netware, Windows NT and 2000, Sun Solaris and IBM OS/2 to achieve the best performance in the administrative level. Many important programs are protected by NOS like it could provide back-up for processors, protocols, automatic hardware detection and support multi-processing, security measures like authentication, authorization, logon restrictions and access control. Other featured programs are the name and directories, back-up and replication services, internetworking or routing and WAN ports. With the use of these remote access systems the administration could log on and log off efficiently. The NOS also aids in auditing, graphic interfaces, clustering, tolerance to fault and high availability system. In using the Windows Server 2003 the Active Directory compatibility could be enhanced. There is also better deployment support when it comes to the transition like for example from Windows NT 4.0 to Windows Server 2003 and Windows XP Professional. The security services are answered by changes in the IIS web server. It is rewritten for the enhancement of security. While the Distributed File System have many functions including the maintenance of multiple hosting of DFS single server , terminal server , active directory , print server , and other programs or services. There are new versions of Windows Server that can be used via the Remote Desktop Protocol for terminal services. This program can have a multiple functions as well as in remote graphical logins for fast performances from the distant server. The IIS as it is used in Windows Server 2003 increases the default security system because of the built in firewall that can break defaults.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In March 2005 new improvements and updates were incorporated to Windows Server 2003 like the Windows XP containing users like Service Pack 2. The following programs are the updates for Windows Server 2003. (1) There are Security Configuration Wizard that can enhance the administrator's research in making changes and security policies. (2) Another program is Hot Patching that allows DLL, the driver and non-kernel patches for a non reboot function. (3) The IIS 6.0 Metabase Auditing is responsible in tracking or editing of metabases. (4) The Windows XP Service Pack 2 could be effectively converted to Windows Server 2003 by using the Windows Firewall system. With package like the Security Configuration Wizard that can be used by the administrators for more manageable incoming open ports and hence it can be detected automatically because the default roles could be selected. (5) For the support of IPv6, Wireless Provisioning Services is used. This also builds new defenses against SYN flood TCP assault. (6) Default modes can be turn on when a Service Pack 1 server is booted after its installation, and is made possible by Post-Setup Security Updates , hence it configures the firewall to barricade all incoming connections, and able in directing the user for updates installation. (7) Buffering could be prevented if (DEP) or Data Execution Prevention has to be used. The No Execute (NX) does not allow overflow especially in cases that there is an attack by Windows Server vectors. The Windows Server 2003 R2 is the newest update with installable features for Windows Server 2003 that includes SP1. The software has many systems of function like (1) Branch Office Server that is very capable in centralization of tools in the administrator like the files and printers, enhancement of Distributed File System (DFS), the WAN data replication responsible for Remote Differential Compression. (2) The Identity and Access Management for Extranet Single Sign-On and identity federation, centralization of administration in extranet application access, automated disabling of extranet access in consideration to the Active Directory account information, the user access logging and cross-platform web Single Sign-On and or password synchronization with the use of Network Information Service (NIS). (3) Storage Management for the File Server Resource Manager that can have a storage utilization reporting function, enhancement of quota management, the file screening limits files types are allowed and the storage Manager for Storage Area Networks (SAN) for the function of storage array configuration. (4) The Server Virtualization serves in the 4 virtual instances. (5) The SDK for UNIX utilities that gives a full Unix development environment examples are Base Utilities, SVR-5 Utilities, Base SDK, GNU SDK, GNU Utilities, Perl 5, Visual Studio Debugger Add-in. The Windows Server 2003 contains Datacenter edition which allows an 8-node clustering that could help lessen fault tolerance. By means of clustering, the fault tolerance of server installations is boosted and is accessible. The clustering also supports the file storage that is connected to Storage Area Network (SAN). This could run in Windows and also to non-Windows Operating systems as it can be connected to other computers. To block data's or redundancy and to achieve fault tolerance, the Windows Storage Server 2003 uses the RAID arrrays for these functions. A Storage Area Network is available in Windows Storage Server 2003 where the data's are transferred then stored in bigger chunks and not by files. Therefore the data's transferred are more granular, because of that there is a higher performance in database and transaction processing, while it permits NAS devices to get connected in SAN. The Windows Storage Server 2003 R2 has a Single Instance Storage (SIS) contained in the file server to optimize high perfromance. The (SIS) can transfer or scan files in volumes moving it to the common SIS store, thereby reducing the storage bulk by 70%. As stated by Couch (2004) installation of data protection systems like the uninterruptible power supplies (UPS), redundant array of independent disks (RAID), and tape backup systems that are provided by Windows Home Server will aid in the maintenance of the network. References Wikipedia, 2007. Windows Server 2003. Retrieved on May 10, 2007. http://en.wikipedia.org/wiki/Windows_Server_2003_R2 Wikipedia, 2007. Network operating system. Retrieved on May 10, 2007. http://en.wikipedia.org/wiki/Network_operating_system  Ã‚   Couch, A. 2004. Network Design System Administration. Retrieved on May 11, 2007.http://www.cs.tufts.edu/comp/150NET/notes/intro.php1