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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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Ayla Networks, whose agile Internet of Things (IoT) platform makes it easy for manufacturers to deliver secure, connected products, today announced it has been included in the list of "Cool Vendors" in the Internet of Things report by Gartner, Inc. “Gartner knows how important it is that manufacturers of all kinds of products have the right IoT solution to help turn their products into connected ‘things,’” said David Friedman, CEO and co-founder of Ayla Networks. “The market for Ayla’s IoT platform has accelerated dramatically this year compared to last year. Today’s largest manufacturers ar...
We heard for many years how developing nations would be able to develop mobile-phone networks quickly, perhaps even leapfrog developed nations, because their lack of traditional, wired networks would not inhibit them from deploying the new technology. Now there is talk of history repeating itself with the Industrial Internet--a key aspect of the emerging Internet of Things. For example, Guo Ping, Deputy Chairman of the Board of Chinese electronics giant Huawei, said in a recent report from the World Economic Forum, "The Industrial Internet will afford emerging markets a unique opportunity ...
SYS-CON Events announced today that B2Cloud, a provider of enterprise resource planning software, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. B2cloud develops the software you need. They have the ideal tools to help you work with your clients. B2Cloud’s main solutions include AGIS – ERP, CLOHC, AGIS – Invoice, and IZUM
The Internet of Things Maturity Model (IoTMM) is a qualitative method to gauge the growth and increasing impact of IoT capabilities in an IT environment from both a business and technology perspective. In his session at @ThingsExpo, Tony Shan will first scan the IoT landscape and investigate the major challenges and barriers. The key areas of consideration are identified to get started with IoT journey. He will then pinpoint the need of a tool for effective IoT adoption and implementation, which leads to IoTMM in which five maturity levels are defined: Advanced, Dynamic, Optimized, Primitive,...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY., and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and easy to use. MangoApps has been named a "Market Leader" by Ovum Research and a "Cool Vendor" by Gartner...
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immediate and actionable interpretation of events as they happen. Another aspect concerns how to deliver ...
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 @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed 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.
So I guess we’ve officially entered a new era of lean and mean. I say this with the announcement of Ubuntu Snappy Core, “designed for lightweight cloud container hosts running Docker and for smart devices,” according to Canonical. “Snappy Ubuntu Core is the smallest Ubuntu available, designed for security and efficiency in devices or on the cloud.” This first version of Snappy Ubuntu Core features secure app containment and Docker 1.6 (1.5 in main release), is available on public clouds, and for ARM and x86 devices on several IoT boards. It’s a Trend! This announcement comes just as...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
The WebRTC Summit 2015 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
In his session at WebRTC Summit, Peter Dunkley, Technical Director at Acision, will look at creating interactive communications via the web by adding messaging, file transfer, and group communication (group chat and audio/video conferencing) into the web experience. He will also discuss potential applications of this technology in areas including B2B, B2C, P2P, and gaming. Peter Dunkley is Technical Director at Acision. He graduated from The University of Edinburgh in 2000 with a BSc (Hons) in Computer Science. After graduation Peter worked on a PSTN switch developing signalling stacks for SS...
It's time to put the "Thing" back in IoT. Whether it’s drones, robots, self-driving cars, ... There are multiple incredible examples of the power of IoT nowadays that are shadowed by announcements of yet another twist on statistics, databases, .... Sorry, I meant, Big Data(TM), tiered storage(TM), complex systems(TM), smart nations(TM), .... In his session at WebRTC Summit, Dr Alex Gouaillard, CTO and Co-Founder of Temasys, will discuss the concrete, cool, examples of IoT already happening today, and how mixing all those different sources of visual and audio input can make your life happier ...
What exactly is a cognitive application? In her session at 16th Cloud Expo, Ashley Hathaway, Product Manager at IBM Watson, will look at the services being offered by the IBM Watson Developer Cloud and what that means for developers and Big Data. She'll explore how IBM Watson and its partnerships will continue to grow and help define what it means to be a cognitive service, as well as take a look at the offerings on Bluemix. She will also check out how Watson and the Alchemy API team up to offer disruptive APIs to developers.
SYS-CON Events announced today that Site24x7, the cloud infrastructure monitoring service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Site24x7 is a cloud infrastructure monitoring service that helps monitor the uptime and performance of websites, online applications, servers, mobile websites and custom APIs. The monitoring is done from 50+ locations across the world and from various wireless carriers, thus providing a global perspective of the end-user experience. Site24x7 supports monitoring H...