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Altera Announces Fourth Quarter Results

SAN JOSE, Calif., Jan. 23, 2013 /PRNewswire/ -- Altera Corporation (NASDAQ: ALTR) today announced fourth quarter sales of $439.4 million, down 11 percent from the third quarter of 2012 and down 4 percent from the fourth quarter of 2011. Fourth quarter net income was $120.8 million, $0.37 per diluted share, compared with net income of $157.5 million, $0.49 per diluted share, in the third quarter of 2012 and $146.6 million, $0.45 per diluted share, in the fourth quarter of 2011.

(Logo: http://photos.prnewswire.com/prnh/20101012/SF78952LOGO)

Cash flow from operating activities in 2012 was $587.2 million. Altera repurchased 1.6 million shares of its common stock during the quarter at a cost of $50.0 million. Altera ended the quarter with $3.7 billion in cash and investments.

Altera's board of directors has declared a quarterly cash dividend of $0.10 per share payable on March 1, 2013 to stockholders of record on February 11, 2013.

"While our new products had a double-digit sequential growth quarter, sales of our older products were soft—the result of a sluggish global economy," said John Daane, president, chief executive officer, and chairman of the board. "Sales of 40 nm devices, our largest selling process node, and where we are the market leader, are likely to strengthen further as we progress through 2013. At the most advanced process node, 28 nm, Altera remains the design-win value leader, giving us a substantial growth opportunity as these customer designs transition into production."

Several recent accomplishments mark the company's continuing progress:

  • Huawei Technologies, a leading global information and communications technology solutions provider, has presented Altera with its 2012 Excellent Core Partner Award. In making this award, Huawei specifically recognized Altera for its excellence in terms of quality, delivery of leading-edge technologies and services. The Excellent Core Partner Award is the highest recognition Huawei gives to its suppliers. Altera is among an elite set of suppliers to earn this award for outstanding contribution toward Huawei's business success throughout 2012. In 2012, Huawei realized the performance advantage offered by Altera's 28 nm Stratix® V FPGAs and selected the high-end product family for use in the company's 400G high-capacity OTN system. By using the industry's first high-end 28 nm production FPGAs, Huawei enabled the evolution of communications infrastructure such as 400G systems and other high-performance systems in a variety of markets throughout the world.
  • Altera also received the 2012 Global Excellent Partnership Award from ZTE Corporation, a leading provider of telecommunications equipment and network solutions. The award recognizes Altera for overall performance in delivering best-in-class products and services to ZTE during the past year. According to ZTE, innovative programmable solutions and technical support from Altera played a critical role in supporting product development for the company's existing and next-generation communication products. ZTE presents its Global Excellent Partnership Award each year to suppliers meeting rigorous performance criteria. Winners are chosen based on partner satisfaction surveys among company staff, including development and material engineers and purchasing employees. Suppliers are evaluated on cost efficiencies, on-time delivery, quality standards and service records. Altera scored the highest marks in all categories.
  • Altera is now shipping the first of its 28 nm SoC devices, which combine a dual-core ARM® Cortex™-A9 processor system with FPGA logic on a single device. The initial devices to ship are the low-power, low-cost Cyclone® V SoCs. Altera SoCs include several distinctive features that enable developers in the wireless communications, industrial, video surveillance, automotive and medical equipment markets to create custom SoC variants optimized for system power, board space, performance and cost requirements. In addition, Altera is the only FPGA vendor today shipping SoCs that offer 32-bit error correction code (ECC) support which helps ensure data integrity throughout the embedded system. ECC support is a requirement for customers who must have high-performance and reliable systems. With silicon now available, customers who used Altera's SoC Virtual Target to develop their application software can now quickly port their application software into the SoC, saving months of development time. Further strengthening the SoC device tools ecosystem support, Altera and ARM have jointly developed the ARM Development Studio 5™ Altera Edition (DS-5™) toolkit with FPGA-adaptive debugging, which exclusively supports Altera SoC devices. The DS-5 toolkit is designed to remove the debugging barrier between the integrated dual-core CPU subsystem and the FPGA fabric in Altera SoC devices, providing embedded software developers an unprecedented level of full-chip visibility and control.
  • Altera has developed the FPGA industry's first Software Development Kit (SDK) for OpenCL™ (Open Computing Language) which combines the massively parallel architecture of an FPGA with the OpenCL parallel programming model. OpenCL is an open, royalty-free standard for cross-platform, parallel programming of hardware accelerators, including CPUs, GPGPUs and FPGAs. The semiconductor industry's approach for boosting system performance has evolved from increasing frequency in single-core CPUs, to using multi-core CPUs, to using parallel processor arrays. Today, system designers are turning to FPGAs, which are fine-grained, massively parallel digital logic arrays architected to execute computations in parallel to create higher performance levels at a fraction of the power compared to other hardware alternatives. By allowing system developers and programmers familiar with C to quickly and easily develop high-performance, power-efficient FPGA-based applications in a high-level language, Altera's SDK for OpenCL enables customers to easily adopt FPGAs and leverage the performance and power benefits the devices provide. This unified, high-level design flow for hardware and software development automates the time-consuming tasks required in typical hardware-design language flows, and the resulting FPGA-based solution can deliver more than 5X performance/watt compared to alternative hardware implementations.

 

SELECTED FOURTH QUARTER REVENUE AND RELATED RESULTS


Key New Product Devices


Sequential  Comparisons

Stratix V


(9)%

Arria V


152%

Stratix IV


19%

Arria II


(6)%

Cyclone IV


21%

HardCopy IV


(15)%

 


 


Vertical Markets


Sequential Comparisons


Comments

Telecom & Wireless


(12)%


Both Telecom and Wireless down

Industrial Automation,

Military & Automotive


(9)%


Broadly down

Networking, Computer & Storage


(12)%


Networking down and Computer and Storage up

Other


(10)%


 


 

($ in thousands)
Key Ratios & Information      


December 31, 2012


September 30, 2012

Current Ratio


7:1 



6:1 


Liabilities/Equity


1:3 



1:2 


Quarterly Operating Cash Flows


$

126,709



$

285,203


TTM Return on Equity


18%



19%


Quarterly Depreciation Expense


$

9,170



$

9,677


Quarterly Capital Expenditures


$

7,201



$

17,749


Inventory MSOH (1): Altera


3.4



3.1


Inventory MSOH (1): Distribution


0.6



0.6


TTM Cash Conversion Cycle (Days)


117



140


Turns


40%



37%


Book to Bill


<1.0 



<1.0 







Note (1): MSOH: Months Supply On Hand





 

 

 



ALTERA CORPORATION

NET SALES SUMMARY

(Unaudited)













Three Months Ended



Quarterly Growth Rate



Years Ended





December 31, 2012


September 28, 2012


December 31, 2011


Sequential Change


Year-

Over-Year

Change


December 31, 2012


December 31, 2011


Annual Growth

Geography
















Americas

19

%


19

%


21

%


(8)

%


(12)

%


18

%


19

%


(18)

%

Asia Pacific

39

%


43

%


40

%


(21)

%


(7)

%


43

%


41

%


(9)

%

EMEA

28

%


25

%


22

%


(2)

%


20

%


25

%


25

%


(15)

%

Japan

14

%


13

%


17

%


(4)

%


(19)

%


14

%


15

%


(18)

%

Net Sales

100

%


100

%


100

%


(11)

%


(4)

%


100

%


100

%


(14)

%

Product Category
























New

39

%


31

%


27

%


11

%


39

%


32

%


22

%


22

%

Mainstream

28

%


32

%


33

%


(20)

%


(18)

%


30

%


34

%


(22)

%

Mature and Other

33

%


37

%


40

%


(22)

%


(21)

%


38

%


44

%


(26)

%

Net Sales

100

%


100

%


100

%


(11)

%


(4)

%


100

%


100

%


(14)

%

Vertical Market
























Telecom & Wireless

44

%


45

%


43

%


(12)

%


0

%


44

%


43

%


(12)

%

Industrial Automation, Military & Automotive

21

%


20

%


24

%


(9)

%


(17)

%


21

%


23

%


(22)

%

Networking, Computer & Storage

17

%


17

%


16

%


(12)

%


0

%


17

%


17

%


(11)

%

Other

18

%


18

%


17

%


(10)

%


1

%


18

%


17

%


(10)

%

Net Sales

100

%


100

%


100

%


(11)

%


(4)

%


100

%


100

%


(14)

%

FPGAs and CPLDs
























FPGA

84

%


82

%


82

%


(9)

%


(2)

%


84

%


81

%


(11)

%

CPLD

9

%


9

%


9

%


(12)

%


(12)

%


9

%


10

%


(22)

%

Other Products

7

%


9

%


9

%


(29)

%


(19)

%


7

%


9

%


(27)

%

Net Sales

100

%


100

%


100

%


(11)

%


(4)

%


100

%


100

%


(14)

%

 

Product Category Description

  • New Products include the Stratix® V, Stratix IV, Arria® V, Arria II, Cyclone® V, Cyclone IV, MAX® V and HardCopy® IV devices.
  • Mainstream Products include the Stratix III, Cyclone III, MAX II and HardCopy III devices.
  • Mature and Other Products include the Stratix II, Stratix, Arria GX, Cyclone II, Cyclone, Classic™, MAX 3000A, MAX 7000, MAX 7000A, MAX 7000B, MAX 7000S, MAX 9000, HardCopy II, HardCopy, FLEX® series, APEX™ series, Mercury™, Excalibur™ devices, configuration and other devices, intellectual property cores, and software and other tools.

Business Outlook for the First Quarter 2013

Sales and Income Statement



Sequential Sales Growth

Down 4% to 8%

Gross Margin

69% to 70%

Research and Development

$99 to 101 million

SG&A

$77 to 78 million

Tax Rate

4% to 5%

Diluted Share Count

Approximately 323 million

Turns

Mid-40's

Inventory MSOH

Approximately 4.0

                                                                              

Vertical Market



Telecom & Wireless

Wireless down

Industrial Automation, Military & Automotive

Up slightly

Networking, Computer & Storage

Down slightly

Other

Up slightly

Fourth Quarter Earnings Conference Call

A conference call will be held today at 1:45 p.m. Pacific Time to discuss the quarter's results and management's current business outlook. The web cast and subsequent replay will be available in the Investor Relations section of the company's website at www.altera.com. A telephonic replay of the call may be accessed later in the day by calling (719) 457-0820 and referencing confirmation code 258712. The telephonic replay will be available for two weeks following the live call.

Forward-Looking Statements

Statements in this press release that are not historical are "forward-looking statements" as the term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally written in the future tense and/or preceded by words such as "will," "expects," "anticipates," or other words that imply or predict a future state. Forward-looking statements include, but are not limited to, statements regarding our competitive position at 40 nm, our expectation of stronger sales at 40 nm in 2013, our expectation of expansion in 28 nm FPGA opportunities, and our competitive position at 28 nm, as well as any projection of revenue, gross margin, expense or other financial items discussed in the Business Outlook section or elsewhere in this press release. Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty that can cause actual results to differ from those currently anticipated, due to a number of factors, including without limitation, current global economic conditions, customer business environment, customer inventory levels, vertical market mix, market acceptance of the company's products, product introduction schedules, the rate of growth of the company's new products including Cyclone® V, Cyclone IV, Arria® V, Arria II, Stratix® V, Stratix IV FPGAs, MAX® V CPLDs and HardCopy®  IV device families, as well as changes in economic conditions and other risk factors discussed in documents filed by the company with the Securities and Exchange Commission (SEC) from time to time. Copies of Altera's SEC filings are posted on the company's website and are available from the company without charge. Forward-looking statements are made as of the date of this release, and, except as required by law, the company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.

About Altera

Altera programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more about Altera's FPGA, CPLD and ASIC devices at www.altera.com. Follow Altera via Facebook, RSS and Twitter.

ALTERA, ARRIA, CYCLONE, HARDCOPY, MAX, MEGACORE, NIOS, QUARTUS and STRATIX words and logos are trademarks of Altera Corporation and registered in the U.S. Patent and Trademark Office and in other countries. All other words and logos identified as trademarks or service marks are the property of their respective holders as described at www.altera.com/legal.

INVESTOR CONTACT


MEDIA CONTACT

Scott Wylie - Vice President


Sue Martenson - Senior Manager

Investor Relations


Public Relations

(408) 544-6996


(408) 544-8158

[email protected]


[email protected]

 

 

ALTERA CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)








Three Months Ended


Years Ended

(In thousands, except per share amounts)


December 31, 2012


September 28, 2012


December 31, 2011


December 31,
2012


December 31,
2011












Net sales


$

439,440



$

495,010



$

457,804



$

1,783,035



$

2,064,475


Cost of sales


133,367



152,007



136,764



541,523



610,329


Gross margin


306,073



343,003



321,040



1,241,512



1,454,146


Operating expense











Research and development expense


94,162



91,606



90,295



360,421



325,733


Selling, general, and administrative expense


74,030



74,243



70,667



289,854



279,217


Total operating expense


168,192



165,849



160,962



650,275



604,950


Operating margin (1)


137,881



177,154



160,078



591,237



849,196


Compensation expense (benefit) - deferred compensation plan


358



3,274



2,962



7,055



(1,964)


(Gain) loss on deferred compensation plan securities


(358)



(3,274)



(2,962)



(7,055)



1,964


Interest income and other


(2,390)



(2,775)



(1,039)



(8,388)



(3,544)


(Gain)/loss reclassified from other comprehensive income


(205)



108



18



(268)



18


Interest expense


2,589



2,333



1,013



7,976



3,730


Income before income taxes


137,887



177,488



160,086



591,917



848,992


Income tax expense


17,082



19,999



13,475



35,110



78,281


Net income


$

120,805



$

157,489



$

146,611



$

556,807



$

770,711













Other comprehensive (loss) income:











Unrealized (loss)/gain on investments:











Unrealized holding (loss)/gain on investments arising during period, net of tax of ($11), $43, $8, $114 and ($17)


(889)



3,620



41



5,839



(149)


Less: Reclassification adjustments for (gain)/loss on investments included in net income, net of tax of $24, $1, ($2), $25 and ($2)


(44)



(41)



16



(114)



16




(933)



3,579



57



5,725



(133)


Unrealized (loss)/gain on derivatives:











Unrealized gain/(loss) on derivatives arising during period, net of tax of $9, ($6) and $45


17



(10)





84




Less: Reclassification adjustments for (gain)/loss on derivatives included in net income, net of tax of $48, ($53) and $45


(89)



97





(84)






(72)



87








Other comprehensive (loss) income:


(1,005)



3,666



57



5,725



(133)


Comprehensive income


$

119,800



$

161,155



$

146,668



$

562,532



$

770,578













Net income per share:











Basic


$

0.38



$

0.49



$

0.46



$

1.74



$

2.39


Diluted


$

0.37



$

0.49



$

0.45



$

1.72



$

2.35













Shares used in computing per share amounts:











Basic


319,765



319,870



321,553



320,830



321,892


Diluted


322,209



323,560



325,653



324,497



327,606













Cash dividends per common share


$

0.10



$

0.10



$

0.08



$

0.36



$

0.28













Tax rate


12.4

%


11.3

%


8.4

%


5.9

%


9.2

%

% of Net sales:











Gross margin


69.7

%


69.3

%


70.1

%


69.6

%


70.4

%

Research and development


21.4

%


18.5

%


19.7

%


20.2

%


15.8

%

Selling, general, and administrative


16.8

%


15.0

%


15.4

%


16.3

%


13.5

%

Operating margin(1)


31.4

%


35.8

%


35.0

%


33.2

%


41.1

%

Net income


27.5

%


31.8

%


32.0

%


31.2

%


37.3

%












Notes:











(1)We define operating margin as gross margin less research and development and selling, general and administrative expenses, as presented above. This presentation differs from income from operations as defined by U.S. Generally Accepted Accounting Principles ("GAAP"), as it excludes the effect of compensation associated with the deferred compensation plan obligations. Since the effect of compensation associated with our deferred compensation plan obligations is offset by gains and losses from related securities, we believe this presentation provides a more meaningful representation of our ongoing operating performance. A reconciliation of operating margin to income from operations follows:



Three Months Ended


Years Ended

(In thousands)


December 31, 2012


September 30, 2012


December 31, 2011


December 31,

2012


December 31,

2011

Operating margin (non-GAAP)


$

137,881



$

177,154



$

160,078



$

591,237



$

849,196


Compensation expense (benefit) — deferred compensation plan


358



3,274



2,962



7,055



(1,964)


Income from operations (GAAP)


$

137,523



$

173,880



$

157,116



$

584,182



$

851,160


 

 

 

ALTERA CORPORATION

CONSOLIDATED BALANCE SHEETS

(Unaudited)






(In thousands, except par value amount)


December 31,

2012


December 31,

2011






Assets





Current assets:





Cash and cash equivalents


$

2,876,627



$

3,371,933


Short-term investments


140,958



65,222


Total cash, cash equivalents, and short-term investments


3,017,585



3,437,155


Accounts receivable, net


323,708



232,273


Inventories


152,721



122,279


Deferred income taxes - current


59,049



58,415


Deferred compensation plan - marketable securities


60,321



54,041


Deferred compensation plan - restricted cash equivalents


17,116



17,938


Other current assets


49,852



52,710


Total current assets


3,680,352



3,974,811


Property and equipment, net


206,148



171,721


Long-term investments


704,758



74,033


Deferred income taxes - non-current


17,082



26,629


Other assets, net


49,488



35,074


Total assets


$

4,657,828



$

4,282,268







Liabilities and stockholders' equity





Current liabilities:





Accounts payable


$

50,036



$

52,154


Accrued liabilities


29,005



34,029


Accrued compensation and related liabilities


40,606



78,181


Deferred compensation plan obligations


77,437



71,979


Deferred income and allowances on sales to distributors


345,993



279,876


Credit facility




500,000


Total current liabilities


543,077



1,016,219


Income taxes payable - non-current


272,000



263,423


Long-term debt


500,000




Other non-current liabilities


9,304



8,730


Total liabilities


1,324,381



1,288,372


Commitments and contingencies





Stockholders' equity:





Common stock: $.001 par value; 1,000,000 shares authorized; outstanding - 319,564 at December 31, 2012 and 322,054 shares at December 31, 2011


320



322


Capital in excess of par value


1,122,555



1,050,752


Accumulated other comprehensive income (loss)


5,592



(133)


Retained earnings


2,204,980



1,942,955


Total stockholders' equity


3,333,447



2,993,896


Total liabilities and stockholders' equity


$

4,657,828



$

4,282,268







 

 

 

ALTERA CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)






YEARS ENDED

(In thousands)


December 31,

2012


December 31,

2011


December 31,

2010

Cash Flows from Operating Activities:







Net income


$

556,807



$

770,711



$

782,884


Adjustments to reconcile net income to net cash provided by operating activities:







Depreciation and amortization


36,862



31,927



27,535


Stock-based compensation


93,586



82,750



62,118


Deferred income tax expense


8,824



15,657



34,256


Tax effect of employee stock plans


9,811



16,162



27,444


Excess tax benefit from employee stock plans


(16,278)



(17,307)



(21,866)


Changes in assets and liabilities, net of the effects of acquisition:







Accounts receivable, net


(91,435)



131,341



(145,330)


Inventories


(30,442)



24,245



(76,819)


Other assets


(3,050)



54,661



(52,805)


Accounts payable and other liabilities


(50,566)



(32,534)



59,200


Deferred income and allowances on sales to distributors


66,117



(148,836)



146,826


Income taxes payable


8,576



31,116



15,746


Deferred compensation plan obligations


(1,598)



(293)



(2,494)


Net cash provided by operating activities


587,214



959,600



856,695


Cash Flows from Investing Activities:







Purchases of property and equipment


(60,913)



(31,812)



(12,442)


Proceeds from sales of deferred compensation plan securities, net


1,598



293



2,494


Purchases of available-for-sale securities


(921,430)



(164,408)




Proceeds from sale and maturity of available-for-sale securities


220,784



25,003




Acquisition related payments, net of cash acquired






(8,004)


Purchases of intangible assets


(2,280)





(5,000)


Purchase of other investments


(4,935)






Net cash used in investing activities


(767,176)



(170,924)



(22,952)


Cash Flows from Financing Activities:







Proceeds from issuance of common stock through various stock plans


49,665



119,989



453,719


Shares withheld for employee taxes


(31,472)



(32,152)



(20,164)


Payment of dividends to stockholders


(115,514)



(90,060)



(67,774)


Proceeds from issuance of long-term debt


500,000






Repayment of credit facility


(500,000)






Long-term debt and credit facility issuance costs


(5,244)






Repurchases of common stock


(229,057)



(197,023)




Excess tax benefit from employee stock plans


16,278



17,307



21,866


Principal payments on capital lease obligation






(2,866)


Net cash (used in) provided by financing activities


(315,344)



(181,939)



384,781


Net (decrease) increase in cash and cash equivalents


(495,306)



606,737



1,218,524


Cash and cash equivalents at beginning of period


3,371,933



2,765,196



1,546,672


Cash and cash equivalents at end of period


$

2,876,627



$

3,371,933



$

2,765,196


Supplemental cash flow information:







Income taxes paid, net


$

9,797



$

9,856



$

29,887


Interest paid


$

6,898



$

3,704



$

3,395


 

SOURCE Altera Corporation

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Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, will describe how to revoluti...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money! Speaker Bio: Esmeralda Swartz, CMO of MetraTech, has spent 16 years as a marketing, product management, and busin...
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: Samsung recognizes that true, accelerated innovation cannot be driven from one source, but requires a...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Robin Raymond, Chief Architect at Hookflash Inc., will walk through the shifting landscape of traditional telephone a...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.
BSQUARE is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our products, services and solutions to achieve innovation and success. For more information, visit www.bsquare.com.
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic • Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it’s a mix of architectural style...
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accelerate their digital channels with APIs, drive partner adoption, monetize their assets, and achieve a...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customizable platform to easily integrate into existing software solutions, embed business logic and build s...
Connected devices are changing the way we go about our everyday life, from wearables to driverless cars, to smart grids and entire industries revolutionizing business opportunities through smart objects, capable of two-way communication. But what happens when objects are given an IP-address, and we rely on that connection, sometimes with our lives? How do we secure those vast data infrastructures and safe-keep the privacy of sensitive information? This session will outline how each and every connected device can uphold a core root of trust via a unique cryptographic signature – a “bir...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at Internet of @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, will discuss how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.

SUNNYVALE, Calif., Oct. 20, 2014 /PRNewswire/ -- Spansion Inc. (NYSE: CODE), a global leader in embedded systems, today added 96 new products to the Spansion® FM4 Family of flexible microcontrollers (MCUs). Based on the ARM® Cortex®-M4F core, the new MCUs boast a 200 MHz operating frequency and support a diverse set of on-chip peripherals for enhanced human machine interfaces (HMIs) and machine-to-machine (M2M) communications. The rich set of periphera...

SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.