Economy Of Salt Lake City
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Economy Of Salt Lake City
The economy of Salt Lake City, Utah is primarily service-oriented. While nearby Bingham Canyon Mine (the world's largest open-pit mine) provided a strong source of income during the 19th century, the city has evolved to an economy built on transit hubs, call centers, and seasonal tourism. The 2002 Olympic Winter Games gave a great boost to the area's economy. Many hotels and restaurants were built for the 2002 Olympics, and although many survive, they have suffered post-Olympic market saturation. Companies *Adobe *Backcountry.com *BloXR * Bridge Investment Group *Cisco *DevMountain * Guitar Center *Intermountain Healthcare *LexisNexis * Lingotek *Microsoft * Nature's Sunshine * NortonLifeLock *Northrop Grumman *Oracle *Overstock.com * Pluralsight *Texas Instruments * SanDisk *SirsiDynix * StubHub * Sunrun Overview Salt Lake City is also the largest industrial banking center in the United States. The city is known as the "Crossroads of the West" for its central geography in the ...
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Guitar Center
Guitar Center is an American musical instrument retailer chain. It is the largest company of its kind in the United States, with 294 locations. Its headquarters is in Westlake Village, California. Guitar Center oversees various subsidiaries including Musician's Friend, AVDG, Music & Arts, Woodwind & Brasswind, and Giardinelli. History The company was founded in Hollywood by Wayne Mitchell in 1959 as The Organ Center, a retailer of electronic organs for home and church use. In 1964, after one of Mitchell's suppliers informed him that in order to continue receiving organs he would have to also carry Vox guitar amplifiers, Mitchell added the amps and changed the store's name to The Vox Center, capitalizing on the popularity of The Beatles and their association with the Vox brand. Toward the end of the 1960s, as other brands like Marshall rose in popularity, Mitchell once again changed the name, this time to Guitar Center. By 1972, Guitar Center had expanded to eight stores, a ...
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SirsiDynix
SirsiDynix is a United States company which produces integrated library system (ILS) software and associated services for libraries. Origins The Sirsi Corporation was founded in Huntsville, Alabama in 1979 by Mike Murdock, Jacky Young, and Jim Young. The Unicorn library automation system they developed was first installed at Georgia Tech. Sirsi acquired Data Research Associates (DRA) for $51.5 million in 2001. The Dynix Corporation was founded in 1983. Their major product was the Dynix Automated Library System. In January 1992, Dynix Systems was acquired by Ameritech. Dynix and NOTIS Systems (maker of NOTIS), which Ameritech purchased in October 1991, were consolidated into Ameritech Library Services (ALS) in 1994. In November 1999, Ameritech sold Ameritech Library Systems to a pair of investment companies, the 21st Century Group and Green Leaf Ridge Company, which rebranded ALS as epixtech. In 2003, epixtech reverted to using the Dynix name. History SirsiDynix was formed by t ...
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SanDisk
SanDisk is a brand for flash memory products, including memory cards and readers, USB flash drives, solid-state drives, and digital audio players, manufactured and marketed by Western Digital. The original company, SanDisk Corporation was acquired by Western Digital in 2016. Western Digital was the fourth-largest manufacturer of flash memory having declined from third-largest in 2014. History SanDisk was founded in 1988 by Eli Harari, Sanjay Mehrotra, and Jack Yuan, incorporated at the time as SunDisk. SanDisk co-founder Eli Harari developed the Floating Gate EEPROM which proved the practicality, reliability and endurance of semiconductor-based data storage. In 1991 SanDisk produced the first flash-based solid-state drive (SSD) in a 2.5-inch hard disk drive form factor for IBM with a 20 MB capacity priced at about $1,000. In 1992, SanDisk (then SunDisk) introduced FlashDisk, a series of memory cards made for the PCMCIA or PC card form factor, so they could be inserted int ...
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Texas Instruments
Texas Instruments Incorporated (TI) is an American technology company headquartered in Dallas, Texas, that designs and manufactures semiconductors and various integrated circuits, which it sells to electronics designers and manufacturers globally. It is one of the top 10 semiconductor companies worldwide based on sales volume. The company's focus is on developing analog chips and embedded processors, which account for more than 80% of its revenue. TI also produces TI digital light processing technology and education technology products including calculators, microcontrollers, and multi-core processors. The company holds 45,000 patents worldwide as of 2016. Texas Instruments emerged in 1951 after a reorganization of Geophysical Service Incorporated, a company founded in 1930 that manufactured equipment for use in the seismic industry, as well as defense electronics. TI produced the world's first commercial silicon transistor in 1954, and the same year designed and manufactured t ...
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Pluralsight
Pluralsight, LLC is an American privately held online education company that offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website. Founded in 2004 by Aaron Skonnard, , Fritz Onion, and Bill Williams, the company has its headquarters in Farmington, Utah. , it uses more than 1,400 subject-matter experts as authors, and offers more than 7,000 courses in its catalog. Since first moving its courses online in 2007, the company has expanded, developing a full enterprise platform, and adding skills assessment modules. History Pluralsight was founded in 2004 as a classroom training company that involved sending an instructor to a business or training event. By 2007, the company shifted its emphasis to online video training. Since 2011, the company has seen rapid growth. It has been named to the Inc. 5000 list of fastest growing private companies, ranking as the #9 Top Education company and the #19 Top Utah ...
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Overstock
Overstock, excessive stock, excess2sell, B-stock, or excess inventory, is the result of poor management of stock demand or of material flow in process management. Excessive stock is also associated with loss of revenue owing to additional capital bound with the purchase or simply storage space taken. Excessive stock can result from over delivery from a supplier or from poor ordering and management of stock by a buyer for the stock. When referring to overstock merchandise in the form of consumer goods in a retail operation, the term refers to goods that have never been purchased by a customer but that are considered excessive stock from shelves and/or warehouses. Excessive stock is typically discarded of in the following ways: returned to the manufacturer or original distributor; liquidated to companies that then resell it on the secondary wholesale or retail market; sold at an extreme discount to existing customers; or sold to salvage companies which then process metals and comp ...
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Oracle Corporation
Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. In 2020, Oracle was the third-largest software company in the world by revenue and market capitalization. The company sells database software and technology (particularly its own brands), cloud engineered systems, and enterprise software products, such as enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software (also known as customer experience), enterprise performance management (EPM) software, and supply chain management (SCM) software. History Larry Ellison co-founded Oracle Corporation in 1977 with Bob Miner and Ed Oates under the name Software Development Laboratories (SDL). Ellison took inspiration from the 1970 paper written by Edgar F. Codd on relational database management systems ( RDBMS) named "A Relational Model of Data for Large Shared Data Banks." He heard about the ...
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Northrop Grumman
Northrop Grumman Corporation is an American multinational aerospace and defense technology company. With 90,000 employees and an annual revenue in excess of $30 billion, it is one of the world's largest weapons manufacturers and military technology providers. The firm ranks on the 2022 ''Fortune'' 500 list of America's largest corporations. Northrop Grumman and its industry partners have won the Collier Trophy eight times, most recently for developing the X-47B, the first unmanned, autonomous air system to operate from an aircraft carrier. Northrop Grumman currently leads the development of the B-21 Raider, a long-range, stealth strategic bomber that can drop conventional and nuclear weapons; it will replace Northrop's own B-2 Spirit, the world's only known stealth bomber. Among its other current projects are development and production of the James Webb Space Telescope, an orbiting observatory launched in 2021, and production of the solid rocket boosters for NASA's Space ...
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NortonLifeLock
Gen Digital Inc. (formerly Symantec Corporation and NortonLifeLock) is a multinational software company co-headquartered in Tempe, Arizona and Prague, Czech Republic. The company provides cybersecurity software and services. Gen is a Fortune 500 company and a member of the S&P 500 stock-market index. The company also has development centers in Pune, Chennai and Bangalore. Its portfolio includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. On October 9, 2014, Symantec declared it would split into two independent publicly traded companies by the end of 2015. One company would focus on security, the other on information management. On January 29, 2016, Symantec sold its information-management subsidiary, named Veritas Technologies, and which Symantec had acquired in 2004, to The Carlyle Group. On August 9, 2019, Broadcom Inc. announced they would be acquiring the Enterprise Security software division of Symantec for $10.7 billion, and the company became ...
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Nature's Sunshine
Nature's Sunshine Products, Incorporated (), also known as "NSP", is a manufacturer and multi-level marketer of dietary supplements, including herbs, vitamins, minerals, and personal care products. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah. History Nature's Sunshine was founded in 1972 by Gene and Kristine Hughes, who started encapsulating capsicum in their home kitchen. The company employs a multi-level marketing business model in which their products are primarily sold to the consumer by independent distributors who receive commissions based on their own sales, as well as sign-up bonuses and commissions based upon the sales of any distributors they may have recruited. NSP also owns Synergy Worldwide, a multi-level marketing company that also sells nutritional supplements. Products for both companies are manufactured in a production and research facility located in Spanish Fork, Utah. In June 2021, Nature’s Sunshine Products, Inc ...
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Microsoft
Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washington, United States. Its best-known software products are the Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2019. It is one of the Big Five American information technology companies, alongside Alphabet, Amazon, Apple, and Meta. Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800. It rose to do ...
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