Xerox Corp said it would overhaul its healthcare IT business and record a related impairment charge of about $145 million in the second quarter.
The company said it would end sales of its integrated eligibility system, a software system which can support operations in call centers and document imaging.
The healthcare business provides administrative and care management solutions to state Medicaid programs and government healthcare programs.
“Going forward, Xerox will focus on managing and completing the current Health Enterprise implementations, and will be highly selective in responding to new Medicaid Management Information System opportunities,” the company said on Friday.
The healthcare business contributes “$2 billion plus” to total revenue, a company spokeswoman said. The company reported total revenue of $19.54 billion for 2014.
“Basically, they are focusing their government healthcare business away from less profitable initiatives that they were pursuing. I see it as a positive,” Cross Research analyst Shannon Cross said.
“From a long-term stand point, it (Medicaid) is a profitable business,” Cross said.
Xerox, which has been shifting its focus to IT services from making printers and copiers, adjusted its earnings estimate for the quarter ended June to reflect the charge.
The company said it now expects earnings from continuing operations of 9-11 cents per share, below its prior guidance of 17-19 cents per share.
Shares of Xerox, which is expected to report second-quarter results on July 24, were up 1.6 percent at $10.79 in afternoon trading.
Fabless chipmaker AMD has come up with a mixed set of results for the second quarter. The company managed to make as much cash as the cocaine nose jobs of Wall Street expected, but missed revenue expectations.
In fact its revenues were below the psychologically important billion figure at $942 million.
We knew it was going to be bad. Last week we were warned that the results would be flat. The actual figure was $942m, an 8.5 per cent sequential decline and a 34.6 per cent drop from the same period a year ago.
As you might expect, there are some measures of this not being AMD’s fault. The company is almost entirely dependent on PC sales. Not only have these fallen but don’t look like they are going to pick up for a while.
AMD’s Computing and Graphics division reported revenue of $379m, which was down 54.2 per cent, year-on-year. Its operating loss was $147m, compared to a $6m operating loss for last year’s quarter.
Lisa Su, AMD president and CEO, in a statement said that strong sequential revenue growth in AMD’s enterprise, embedded, and semi-custom segment and channel business was not enough to offset near-term problems in its PC processor business. This was due to lower than expected consumer demand that impacted sales to OEMs, she said.
“We continue to execute our long-term strategy while we navigate the current market environment. Our focus is on developing leadership computing and graphics products capable of driving profitable share growth across our target markets,” she added.
In the semi-custom segment, AMD makes chips for video game consoles such as the Nintendo Wii U, Microsoft Xbox One, and Sony PlayStation 4 consoles. That segment did reasonably well, up 13 percent from the previous quarter but down 8 percent from a year ago.
But AMD’s core business of processors and graphics chips fell 29 percent from the previous quarter and 54 percent from a year ago. AMD said it had decreased sales to manufacturers of laptop computers.
Figures like this strap a large target on AMD’s back with a sign saying “take me over” but AMD is not predicting total doom yet.
For the third quarter, AMD expects revenue to increase 6 percent, plus or minus 3 percent, sequentially, which is a fairly conservative outlook given the fact that Windows 10 is expected to push a few sales its way.
AMD supplies chips to the Nintendo Wii U, Microsoft Xbox One, and Sony PlayStation 4 consoles and these seem to be going rather well.
Law enforcement agencies from 20 countries collaborated to cripple a major computer hacking forum, and U.S. officials filed criminal charges against a dozen people associated with the website, the U.S. Department of Justice announced.
Darkode.com on is displaying a message saying the site and domain had been seized by the FBI and other law enforcement agencies.
Darkode, a password-protected online forum for criminal hackers, represented one of the gravest threats to the integrity of data on computers across the world, according to David Hickton, U.S. attorney for the Western District of Pennsylvania. “Through this operation, we have dismantled a cyber hornets’ nest of criminal hackers which was believed by many, including the hackers themselves, to be impenetrable.”
Five of the defendants face charges in Hickton’s district.
Darkode allowed hackers and other cybercriminals to sell, trade and share information and tools related to illegal computer hacking, the law enforcement agencies alleged.
Before becoming a member of Darkode, prospective participants were allegedly vetted through a process that included an invitation by a member, the DOJ said in a press release. The prospective member then pitched the skill or products he or she could bring to the forum.
Darkode members allegedly used each other’s skills and products to infect computers and electronic devices of victims around the world with malware, the DOJ said.
The takedown of the forum and the charges announced Wednesday came after the FBI’s infiltration of Darkode’s membership.
Suse wants to speed the development of server systems based on 64-bit ARM processors.
The outfit said that it is making available to its partners a version of Suse Linux Enterprise 12 ported to ARM’s 64-bit architecture (AArch64).
This will enable them to develop, test and deliver products to the market based on ARM chips.
Suse has also implemented support for AArch64 into its openSUSE Build Service. This allows the community to build packages against real 64-bit ARM hardware and the Suse Linux Enterprise 12 binaries.
Hopefully this will improve the time to market for ARM-based solutions, the firm said.
Suse partners include chip makers AMD AppliedMicro and Cavium, while Dell, HP and SoftIron. Suse wants ARM processors to be part of a scalable technology platform in the data centre.
Through participation in the programme, partners will be able to build solutions for various applications, from purpose-built appliances for security, medical and network functions, to hyperscale computing, distributed storage and software-defined networking.
There are multiple vendors using the same core technology licensed from ARM. This provides a common base for the OS vendors, like Suse, to build support in their kernel.
Suse has some competition for ARM-based systems. Last year, Red Hat started up its ARM Partner Early Access Programme (PEAP), while Canonical has offered ARM support in its Ubuntu platform for several years now, including a long-term support (LTS) release last year that included the OpenStack cloud computing framework.
July 27, 2015 by admin
Filed under Around The Net
Facebook’s Oculus unit announcd that it has agreed to acquire Israeli gesture recognition technology developer Pebbles Interfaces for an undisclosed amount.
The announcement was made in a blog posted by Oculus.
Israel’s Calcalist financial news website said the deal was worth tens of millions of dollars.
While other companies pioneering the virtual reality field focus on full-body movement, Pebbles’ technology detects and tracks hand movement. It is aimed primarily at gamers but also has applications for TV, computers, or smartphone operation while driving.
Recently Pebbles integrated its technology with Oculus glasses, which translate finger gestures into virtual movement through a camera mounted on the glass frame, Calcalist said.
Investors in Pebbles include Chinese mobile phone maker Xiaomi, Israeli venture capital fund Giza and U.S. storage firm SanDisk, Calcalist said.
A supercomputer developed by China’s National Defense University still is the fastest publically known computer in the world, while the U.S. is close to an historic low in the latest edition of the closely followed Top 500 supercomputer ranking, which was just published.
The Tianhe-2 computer, based at the National Super Computer Center in Guangzhou, has been on the top of the list for more than two years and its maximum achieved performance of 33,863 teraflops per second is almost double that of the U.S. Department of Energy’s Cray Titan supercomputer, which is at the Oak Ridge National Laboratory in Tennessee.
The IBM Sequoia computer at the Lawrence Livermore National Laboratory in California is the third fastest machine, and fourth on the list is the Fujitsu K computer at Japan’s Advanced Institute for Computational Science. The only new machine to enter the top 10 is the Shaheen II computer of King Abdullah University of Science and Technology in Saudi Arabia, which is ranked seventh.
The Top 500 list, published twice a year to coincide with supercomputer conferences, is closely watched as an indicator of the status of development and investment in high-performance computing around the world. It also provides insights into what technologies are popular among organizations building these machines, but participation is voluntary. It’s quite possible a number of secret supercomputers exist that are not counted in the list.
With 231 machines in the Top 500 list, the U.S. remains the top country in terms of the number of supercomputers, but that’s close to the all-time low of 226 hit in mid-2002. That was right about the time that China began appearing on the list. It rose to claim 76 machines this time last year, but the latest count has China at 37 computers.
The Top 500 list is compiled by supercomputing experts at the University of Mannheim, Germany; the University of Tennessee, Knoxville; and the Department of Energy’s Lawrence Berkeley National Laboratory.
Qualcomm is undergoing major restructuring and one side-effect of the overhaul is that some 4,000 jobs might be slashed.
The company, according to our well informed industry sources, will announce this during the upcoming Qualcomm Q3 FY15 earnings conference call that Is scheduled for July 22. We could not find out which jobs will be affected, but we expect that the company will shad more light on it during the call.
In December 2014 the company announced that it would slash some 900 jobs and it ended up slashing roughly 1,500 jobs. This will be the first major announcement and it comes at a bad time, as the company’s sales numbers are not that great. Qualcomm lost its highest end customer, Samsung, and companies like HTC who are using the Snapdragon 810 are not too happy about company’s highest end SoC offering.
Qualcomm has around 31,300 employees, which is still not that much considering that Intel has some 100,000, but its main SoC competitor, MediaTek, has just over 10,000 employees making its operational costs much smaller.
If the number of employees 31,300 didn’t change in recent months, slashing 4,000 jobs would mean cutting the 12.8 percent of the workforce. This is a major adjustment, no question about it.
Still, we believe that the server division will start making some money in 2016 and the new Snapdragon 820 is expected to start shipping later this year. In the long run, the company is more than fine, it is just that the competitors have changed from Nvidia and Intel to MediaTek.
July 22, 2015 by admin
Filed under Smartphones
The U.S. Federal Communications Commission is backing a requirement that the country’s telecom carriers warn residential and business customers about plans to retire copper telephone networks for IP-based systems.
A proposal from FCC Chairman Tom Wheeler would also require telecom carriers retiring their copper networks to offer customers the option of purchasing battery backup systems so that they don’t lose voice service during an electrical power outage, officials said Friday. IP-based voice service depends on working Internet service, which, in turn, requires electricity.
The old copper-based phone service works without electrical service available at the customer’s address, and a loss of voice service during power outages is one of the major concerns of consumer groups as major telecom carriers move to retire their decades-old copper networks.
Wheeler’s proposal, likely to be voted on by the commission during its Aug. 6 meeting, would require telecom providers that are retiring copper to make battery backup systems with eight hours of standby power available to affected customers, either through the carriers themselves or for third-party retailers. Voice customers would have to pay for the battery backups, which now cost $40 and up, but they could choose whether or not they want the backup.
Most consumers and consumer groups in contact with the FCC wanted the option to purchase battery backup from sources other than carriers, an FCC official said. Requiring battery backup systems during VoIP installs could have discouraged customers from signing up for the service, he added.
Within three years, carriers would have to offer a battery backup option with 24 hours of standby power, under the rules proposed by Wheeler.
Telecom carriers retiring their copper would also have to alert customers that their old telephone service was going away. Telecom carriers currently aren’t required to notify customers, but under the proposed rules, residential customers would get a three-month warning, and business customers would get a six-month warning, agency officials said during a press briefing.
Telecom carriers would also have to notify interconnecting carriers of their copper retirement plans, and competitors using the existing copper to provide business voice and Internet services would be eligible to receive similar pricing deals from the large incumbent carriers, the FCC said.
July 21, 2015 by admin
Filed under Smartphones
BlackBerry Ltd , which has been tight-lipped about its plans to make a mainstream Android smartphone, fueled more speculation about its plans this week when it scooped up two Android-related domain names.
Several blog posts in the last two days have noted that the Canadian handset maker bought the domain names “AndroidSecured.com” and “AndroidSecured.net” this week. That spurred more chatter that it intends to build a device powered by Google Inc’s Android platform, which powers the vast majority of smartphones sold across the globe.
The purchase of the domain names is particularly interesting since BlackBerry Chief Executive John Chen has declined to confirm a June Reuters report that said the company was planning an Android phone.
Speculation that BlackBerry will embrace Android was also spurred this week by a Digitimes report that said the company plans to roll out several models of Android-based phones.
In the past three weeks, however, Chen has said at least twice that he would only build an Android phone if he can “secure Android”.
BlackBerry downplayed the significance of its domain name purchases in an email on Friday, saying: “BlackBerry frequently registers domain names to support the breadth of our cross-platform portfolio. Android is an important part of our cross-platform enterprise software strategy.”
Indeed, one of the domains, “AndroidSecured.com”, currently redirects users to a BlackBerry enterprise-focused site.
But that has not stopped a barrage of chatter on tech blogs about the purchases being part of BlackBerry’s plan to build its own secure Android, going beyond supporting existing Android phones on its BES12 device-management system. BES12 allows corporate and government clients to secure Android-, iOS-, Windows- and BlackBerry-powered devices on their networks.
Under the leadership of Chen, the Waterloo, Ontario-based company has been pivoting toward software and device management as its recent devices, powered by its BlackBerry 10 software, have failed to win mass appeal. Analysts and tech gurus believe a move to Android could give BlackBerry’s device arm a new lease on life.
Gartner is reporting the biggest slump in PC sales for almost two years. The second quarter report saw 68.4 million units shifted in the three-month period, a year-on-year reduction of 9.4 percent, and the steepest drop in seven quarters.
What’s more, the prediction is that the next quarter will see a further reduction of 4.4 percent.
It seems that the dislike of Windows 8, coupled with the impending arrival of Windows 10, has battered the sales of new PCs.
The fact that most PC users will be entitled to a free upgrade, coupled with the fact that chip and RAM technology haven’t moved on at a spectacular pace this year, has created a perfect storm among consumers who are waiting it out for their machines to be born again on 29 July (or 30, or 31, or possibly 1 August).
If you’re reading this and thinking ‘It’s just a dying market’ you’re not wrong, but you have only to look at today’s IDC figures to see that this really is made of Microsoft.
IDC is even more pessimistic than Gartner, quoting 66.1 million units, down 11.8 percent year on year.
But more importantly, when drilled down to the OEMs, you can see where the real problem lies. Apple is the only company in the top five not rooted in the Windows ecosystem.
It is also the only manufacturer to see a rise in its market share, and is now the fourth biggest vendor in the world, up 16.1 percent. Acer at number five has seen its share plummet by 25.9 percent.
Things were a bit rosier this time last year, because businesses were migrating away from Windows XP (not all of them, mind). This year, there’s no ballast and a lot of hesitation to see exactly how Windows 10 does before big orders start being deployed in enterprises.
“The price hike of PCs became more apparent in some regions due to a sharp appreciation of the US dollar against local currencies,” said Mikako Kitagawa, principal analyst at Gartner.
“The worldwide PC market experienced unusually positive desk-based growth last year due to the end of Windows XP support. After the XP impact was phased out, there have not been any major growth drivers to stimulate a PC refresh.”
IDC’s Loren Loverde, VP of worldwide PC trackers and forecasting, said: “We’re expecting the Windows 10 launch to go relatively well, though many users will opt for a free OS upgrade rather than buying a new PC.
“Competition from 2-in-1 devices and phones remains an issue, but the economic environment has had a larger impact lately, and that should stabilize or improve going forward.”
Meanwhile, Apple, despite having a tiny market share for its OS X operating system at just 7.5 percent, according to this month’s Netmarketshare figures, has managed to avoid being the winner or loser OEM by being the referee, which is a nice trick if you can do it.
Both analyst firms see the top three remaining as Lenovo, HP and Dell. Nothing to see there.
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