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RIF at ADT helped balance sheet

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Monday, August 3, 2009
ADT's parent company, Tyco International, reported its Q3 earnings last week. Click here for a look at the press release. According to Bloomberg, cost and workforce reductions, which took place at ADT and elsewhere are having the intended effect. Here's their story From the story:
The company, [Tyco] which is run from New Jersey, pledged to reduce costs by $200 million during the 2009 fiscal year as the global recession hurts demand for its products. The company has cut its workforce by 5,000 this year, Chief Executive Officer Ed Breen said in May. Most of the cost reductions were at ADT, which pulled out of some less profitable regions. “We are actively addressing our cost structure through both restructuring activities and tighter cost management, and these efforts were reflected in our margins,” Breen told investors on a conference call today. Tyco International rose 84 cents or 2.9 percent, to $29.64 at 4:15 p.m. in New York Stock Exchange composite trading. The shares increased 37 percent this year.
Here's a story I wrote about cost reductions at ADT in April.

Protection Bureau announces 2009 scholarship award winners

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Monday, August 3, 2009
I just got a press release from The Protection Bureau. They've announced the recipients of the company's scholarships for the children of current Protection Bureau employees. This years recipients included: Michael Lynch, Heather High, Brandon Canty, Brendan Lynch, Faith Handley, Lindsay Urban, and Charles Lynch. The Protection Bureau's Keith M. Ladd passed away earlier this year. The Education Fund was established by Keith and his wife, Protection Bureau co-owner and CEO Mary Ladd, in 2005. Here's the release:
Exton, Pa.—The Protection Bureau Awarded scholarships for 2009 to the children of its employees. This was a bittersweet event since Mary Ladd, CEO made the presentation without co-owner Keith Ladd who passed away earlier this year. In light of the tenuous economic condition of the world today, the company is very proud to be able to provide this program to help this generation further their education. This is the fifth year that these awards have been distributed. The Education Fund was established by Keith and Mary Ladd, owners of The Protection Bureau in 2005 for the benefit of children of current employees who enroll in formal programs for post-high school education. “This project was one that was close to Keith’s heart. I know this is what he would have wanted and I’m very happy to be able to continue it,” stated Mary Ladd. Initially, an anticipated distribution of four awards per year (up to $1,000 each) were planned. Recipients are selected each June for the ensuing school year and these awards help to defray the costs of tuition and/or books. This year seven scholarships were distributed to families in the office for students attending local colleges and universities. A panel of three independent judges received the unopened applications and made the decision with no input from the company other than to verify eligibility of the applicant. These awards are entirely outside the control or influence of company management.
Congrats to all recipients.

Johns Brothers: On the ball

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Monday, August 3, 2009
I had never heard of Johns Brothers Security until they contacted me last week about sponsoring a youth baseball tournament, but, then, I guess that's the point. Sure, you sponsor these things because you like baseball and kids and whatnot, but really the point is to raise your profile a bit. I'm surprised more companies don't do things like this, and I don't mean the Brink's, er, Broadviews, and the ADTs of the world. I fairly rarely see security companies sponsoring these kinds of feel-good community efforts, even though they're pretty much no brainers: security companies keep people safe, and what's more important to community building than everyone feeling safe? Good for Johns Brothers, but it seems like we should have been paying way more attention to them anyway. They've got a really nice web site, for one thing, so they're on board with marketing in the Web era, but they've also been around since 1892, apparently, so it's not like they're a start-up. If you're doing things like this, send me the information. Maybe not a story for the paper, but good information to have on hand nonetheless.

CSAA Fall Ops Seminar offering CEUs... Also, I've finally posted those vids from last year!

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Friday, July 31, 2009
I got my latest edition of CSAA's Signals a couple days ago. It looks CSAA is now offering CEUs to attendees of its Fall Operations Management Seminar this year. That's exciting news for anyone wanting or needing to get credentialed. SIA's also bolstering their summer course offerings. I cover the two associations' education efforts in an SSN Newswire story here. I had a chance to visit last year's Fall Operations Management Seminar in Peabody, Mass. and was impressed with the participation of attendees. Actually, I took some video footage there that fell through the cracks as ssnTVnews was getting off the ground. I've decided to post those brief interviews in this blog. Enjoy! (Ps. I apologize for the shoddy quality of these vids, which were shot before SSN got it's slick in-office studio complete with (somewhat) high-end recording equipment and crack production team... The following vids are the product of me standing there with a cheap camcorder.) Greg Berry Seacoast Security Loretta DiVincenzo (Check out the August issue of SSN for Five Questions with Loretta). Gillmore Security Systems Steve Dumont Graham Alarm Monitoring Morgan Hertel (then at The Command Center) Mace CSSS Karl Ide Diebold Pam Petrow Vector Security

Mace to buy into access control in 60 days?

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Thursday, July 30, 2009
That's what Mace president of security products John O'Leary says in an interview here. Anybody you know that's for sale?

Siemens bidding for Nortel's enterprise biz

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Thursday, July 30, 2009
Many of you know that Nortel is in bankruptcy, which is sort of hard to imagine when you remember that within the last decade the company was the single highest-valued stock in all of Canada. The part of Nortel that you care about is its security business, which I'm not sure was ever very large in the first place, but was large enough that John Sheridan, who ran the security integration practice at the time, was invited to speak at Securing New Ground 2007. And Nortel partnered with Assa and MDI on the whole LearnSafe thing. And Pelco just hired a former Nortel exec as a senior VP. So, Nortel's been in and around the industry a bit. Now Siemens is battling with Avaya and others for the company's enterprise services assets. If Siemens grabs it, I've got to think they can leverage some of those capabilities in their security biz. If Avaya grabs it, maybe not so much.

Irony of ironies

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Wednesday, July 29, 2009
Now that I'm kind of "in" the security industry, I find myself pimping security systems to just about everyone I know. If I hear people complaining about a nanny, a tenant, or a roommate, I'm always chiming right in about cool video alerts you can get, tracking capabilities for when people came and left, being able to deny access if a bill isn't paid, etc. And at this point I feel like the system is worth it for the deterrent value if you have any kind of nice stuff - a lot of my friends are musicians and musical instruments get stolen and hocked all the time. "You should really get a security system," I'm saying, like, all the time. I've had to actually dial it back lately because people think I'm selling Amway or something. But I can lately see how people become less than enthused with their security companies. After my folks got broken into about five years back, my mother insisted on getting a security system. This was before I was in the industry, back when I was doing nothing but writing about music and the arts and other frivolous things like that, and so I thought that was probably a dumb idea. The guy just walked in their back door. I said to start with just locking the doors. But mom insisted, so they got a system from one of the large national companies (I'm not throwing stones here - everyone's got skeletons in the closets). Of course, they hardly use it. When the tech came to do a first year check-up, he found they hadn't changed the PIN from 1-2-3-4. And the system basically became a joke. Every time my parents go away now, my wife says, "how long until we get a call from the security company?" Because of course we're the enhanced call verification contact. Usually, it's about six hours. The battery in the smoke detector is low. One of the sensors in zone five seems to be bad. Etc. It's never "serious." But, as luck would have it, every time they actually arm the system, something seems to go haywire (despite the fact that batteries and sensor alarms should be independent of arm/disarm). But, lately, it's out of hand. The last three nights we've gotten a call around 10:30 p.m. Me: "Who could that be calling at this hour." The wife: "It's the stupid security company." Me: "Hello?" Stupid security company (to use my wife's lingo): "Hi, Mr. Piffle?" Me: "Pfeifle. Yeah?" SSC: "Hi. This is a very nice young woman speaking in a very friendly way from a big national security company. Anyway, we're getting a bad sensor reading at your parents' house. It's on the garage door, so it doesn't appear to be a big deal right now." Me: "But my parents must be home. Why didn't you call them?" SSC: "We've called both the home number and the cell numbers and we can't reach them. Do you know if they're out of town?" Me: "They're definitely home. Okay, but I'll tell them, thanks. No need to dispatch or anything. Ha." SSC: "Ha. Have a nice night." Me, dialing my parents' house... Dad: "Hello?" Me: "Dad, answer the goddamn phone when the security company calls for christ's sake." Dad: "Oh, God, they call like every night, we've just started ignoring it." Me: "Yeah. I know. Because then they call me." Dad: "Oh, yeah, I forgot about that. Were you asleep?" Me: "No, I wasn't asleep, but that doesn't mean I was hoping to spend a little time with the central station operator at 10:30 at night (though she did kind of have a cute voice). Why are you ignoring the calls, anyway? You're paying them to call you when something's wrong." Dad: "Oh, we're just going to cancel it. They call us every single night. Apparently the sensors never go bad in the day time, or the batteries never last more than three weeks. It's driving us crazy." Me: "So get them to fix it. That's their jobs." Dad: "We call them all the time and they never come. We don't know what to do. We're just going to cancel it." Me: "Whatever. Bye." (I generally resort to the way I spoke when I was a teenager whenever I'm around my parents. It keeps them young.) Do I just have bad luck? It can't be economical for a big national company to constantly be using operator time to call my parents about bad sensors, right? Does this have anything to do with big-nationalness, or is this just something that happens from time to time to every company?

Support for Ron Walters and his family

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Wednesday, July 29, 2009
It was with great sadness that I visited the blog maintained by SIAC's Ron Walters to update friends and family on his daughter's condition today and learned that Ron's daughter Elena passed away Monday. Please keep the Walters family in your thoughts and prayers. Here is link to the blog. Ron and his family have asked for no calls at this time. They have asked that in lieu of flowers donations be made to the ARDS Foundation (acute respiratory distress syndrome), or any other appropriate charity. There will be a celebration of Elena's life on Friday, July 31 at 1:00pm, followed by a catered meal, all taking place at Florida Bible Church, located at 9300 Pembroke Road in Miramar. The service and the following celebration is open to all of Elena's friends and family.

SIA adds new features to central station course

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Wednesday, July 29, 2009
My cohorts Martha and Leischen forwarded an email from SIA on to me. It looks like SIA is improving its central station training courses beginning in August. From the email:
Starting with the August class in Alexandria, Va., the CST course will include expanded instruction on: ETL certification; how to read formats (with an explanation of the various languages); alternate signal delivery to include IP and GSM; and other topics.
I wrote a story on the SIA CST recently and at the time, MJ Vance from CenterPoint Technologies (who underwent the course, herself) said the course was of extreme value.
Taking the SIA instructor classes really shows your level of commitment not only to educate yourself on the industry, but to educate your employees and help them sharpen their skills. At CenterPoint, we really felt it was our responsibility—management’s responsibility—to ensure every employee is given the right tools to succeed in the position they were hired for.
More information on the courses can be fond at SIA's website.

Housing market hit bottom?

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Wednesday, July 29, 2009
The lead story in today's New York Times talks about recent signs that the housing market has bottomed out in most metropolitan areas in the country. The notable exceptions are Phoenix and Vegas—the places where the expansion in housing ba-boomed in the past decade. An optimistic point of view from the story:
For the first time since early 2007, a composite index of 20 major cities was virtually flat, instead of down. “We’ve found the bottom,” said Mark Fleming, chief economist for First American CoreLogic, a data firm. The release of the surprisingly strong Case-Shiller Price Index, compiled by Standard & Poor’s, followed earlier reports that sales of existing homes rose last month for the third consecutive time, while sales of new homes rose in June by the largest percentage in eight years.
And a word from the not-so-optimistic:
All of these improvements are tentative, and come after a relentless decline that knocked more than half the value off houses in the worst-hit cities. Some skeptics say they believe the market is merely pausing before it resumes falling and that much of the life in the market is coming from speculators. Even the most enthusiastic analysts acknowledge that rising unemployment, another leap in foreclosures or a significant jump in interest rates could snuff out progress.
Here's a link to a cool interactive graphic that gives details about housing prices in different cities. And here's the link to the story itself.

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