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To: JCS who wrote (2381)3/21/2001 10:46:41 AM
From: Bryan Parks
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From: Sr K2/24/2016 2:14:07 AM
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Feb. 24, 2016

Philip Knight of Nike to Give $400 Million to Stanford Scholars

Philip H. Knight, the co-founder and chairman of Nike Inc., said on Monday that he had pledged to give Stanford University $400 million to recruit graduate students around the globe to address society’s most intractable problems, including poverty and climate change.

The gift to the new Knight-Hennessy Scholars Program, which is modeled on the Rhodes scholarships, matches one of the largest individual donations ever to a university, the $400 million that John A. Paulson, the hedge fund tycoon, gave to Harvard last year to improve its engineering school. The Stanford project is meant to improve the world.

“This is using education to benefit mankind and I think it really could be transformative,” Mr. Knight said in a phone interview. “I jumped on it right away.”

Its ambitious mandate is the brainchild of Stanford’s president, John L. Hennessy, a computer scientist and tech entrepreneur, who plans to step down this summer. During his 16-year tenure, Mr. Hennessy nurtured the school’s symbiotic relationship with Silicon Valley and increased Stanford’s endowment to more than $22 billion from about $9 billion in 2000.


Philip Knight, chairman of Nike.
Credit Rick Bowmer/Associated Press

The program, which will be announced on Wednesday at Stanford, has raised $750 million, making it one of the largest fully funded scholarship endowments in the world.


Starting in 2018, the program will annually offer full tuition and board to 100 students — a third of them from the United States and two-thirds from abroad — who will gain admittance to one of Stanford’s seven graduate schools and commit to working on important issues in small, multidisciplinary teams.

One problem Mr. Hennessy said he might assign to a team is to analyze the $100 million donation that Mark Zuckerberg, the chief executive of Facebook, made to Newark public schools in 2010, and that has not been widely seen as a success. “Nobody understood the real difficulty in making significant change in the public education system,” Mr. Hennessy said. His scholars would be asked, he added, “ ‘How do you build a structure that will successfully deploy those funds for the benefit of all?’ ”

A representative for Mr. Zuckerberg pointed out in response that, among other things, graduation rates in Newark had gone up 13 points in the last few years.

Mr. Hennessy said he was confident that this money would be well spent. “To say we can solve all the world’s problems is naïve,” he said. “To say we can educate people to make a significant difference in trying to solve those problems — that’s an achievable goal.”

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From: Sr K5/1/2016 3:49:24 PM
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CBS Sunday Morning, on their website, has an 8-minute segment on Phil Knight about his "crazy idea", originally posted 4/24/2016 for the April 25 program.

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From: Sr K6/9/2016 2:07:42 AM
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Nike Sticks With Tennis Star Sharapova After Drug Suspension

June 8, 2016 — 3:58 PM EDTUpdated on June 8, 2016 — 5:10 PM EDT

Nike Inc. is sticking with star Maria Sharapova after the International Tennis Federation suspended her for two years for using a performance-enhancing substance.

“The ITF Tribunal has found that Maria did not intentionally break its rules,” Nike said in an e-mailed statement. “Maria has always made her position clear, has apologized for her mistake and is now appealing the length of the ban.”

Nike had suspended its relationship with Sharapova in March after she admitted to failing a drug test for meldonium. She said at the time she had been taking the drug for health reasons for a decade and hadn’t noticed when it was banned by the World Anti-Doping Agency as of Jan. 1. The suspension by Nike has now been lifted, the company said.

“Based on the decision of the ITF and their factual findings, we hope to see Maria back on court and will continue to partner with her,” Nike said.

Sharapova’s 2010 deal with the sportswear maker was worth $70 million over eight years, a person with knowledge of the contract said at the time. Even though Nike is lifting the suspension, it hasn’t announced any immediate plans to use the 29-year-old in its marketing. Her ban from the court would lift in 2018, which is also when her reported eight-year deal with Nike ends.


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From: Sr K8/4/2016 1:32:24 AM
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Nike Gives Up on Golf Equipment

August 3, 2016 — 5:20 PM EDT Updated on August 3, 2016 — 6:33 PM EDT

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From: Sr K11/17/2016 6:30:34 PM
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4:45 pm NIKE announces 13% increase to quarterly dividend ( NKE) : Co announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on the company's outstanding Class A and Class B Common Stock payable on January 3, 2017, to shareholders of record at the close of business December 5, 2016.

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To: Sr K who wrote (2388)1/12/2017 4:00:36 PM
From: drmicrocap
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From: Sr K3/21/2017 11:17:50 PM
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NIKE, Inc.
Q3 2017
Mar 21, 2017

from Andy Campion's closing comments in the conference call:

That said, at our investor day in October FY16, we communicated that we expected FX to be a significant headwind through FY18, as our long-dated hedge portfolio matures and rolls forward. Since that time, the US Dollar has further strengthened against most international currencies. At current rates, we project that we will have absorbed $1.6 to $2.0 billion of cumulative FX downside over FY16, FY17 and FY18, with the most significant annual impact being in FY18. We look forward to putting these extreme FX headwinds behind us as we exit FY18. In the meantime, we will continue to deliver strong Revenue growth and make NIKE a much more efficient and profitable enterprise on a currency-neutral basis.

In closing, we will continue to manage all of the operating levers within our portfolio to deliver strong performance in the short-term. At the same time, we will remain relentlessly on the offense investing, innovating and, in some cases, revolutionizing the industry to exceed consumer expectations, fuel long-term growth and, in turn, create value for shareholders.

Footnote to Balance Sheet:

During the fourth quarter of fiscal 2016, NIKE, Inc. adopted Accounting Standards Update No. 2015-17, which requires all deferred tax assets and deferred tax liabilities to be classified as non-current. All periods presented have been updated to reflect these changes.

Other, re: Balance Sheet

Cash and short-term investments were $6.2 billion, $1.1 billion higher than the prior year as growth in net income and proceeds from the issuance of debt in the second quarter of fiscal 2017 as well as proceeds from employee exercises of stock options more than offset share repurchases, higher dividends and investments in infrastructure.

Share Repurchases

During the third quarter, NIKE, Inc. repurchased a total of 8.9 million shares for approximately $475 million as part of the four-year, $12 billion program approved by the Board of Directors in November 2015. As of February 28, 2017, a total of 64.9 million shares had been repurchased under this program for approximately $3.6 billion.

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From: more1003/22/2017 5:36:12 AM
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Strong brand still leading but Adidas has turned itself around to be hot in last year. Nike to accelerate again w NBA deal 17/18.

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From: Sr K7/20/2017 11:02:52 AM
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  • Nike (NKE 59.00, +1.23): +2.1% after NKE shares were upgraded to 'Overweight' from 'Equal-Weight' at Morgan Stanley.

holding that early gain
58.99 +1.22 (2.11%)

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