Welcome!

.NET Authors: Lori MacVittie, Yeshim Deniz, Ivan Antsipau, Liz McMillan, Michael Bushong

News Feed Item

Vecima Reports Q1 Fiscal 2013 Results

VICTORIA, BRITISH COLUMBIA -- (Marketwire) -- 11/13/12 -- Vecima Networks Inc. (TSX:VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, today reported financial results for the three months ended September 30, 2012. All figures are in Canadian dollars and in accordance with International Financial Reporting Standards ("IFRS") unless otherwise stated.


FINANCIAL HIGHLIGHTS

---------------------------------------------------------------------------
(CAD dollars in millions except percentages,                               
 headcount, and per share data)                  Q1FY2013 Q4FY2012 Q1FY2012
---------------------------------------------------------------------------
Revenue                                              24.9     28.7     20.0
---------------------------------------------------------------------------
Gross Margin                                          40%      38%      37%
---------------------------------------------------------------------------
EBITDA(1)                                             8.4      4.5      1.7
---------------------------------------------------------------------------
Adjusted EBITDA(1) (removes gains on sale of                               
 assets and stock-based compensation)                 4.5      4.5      1.6
---------------------------------------------------------------------------
Net income or (loss)                                  5.3      1.7     (0.7)
---------------------------------------------------------------------------
Earnings or (Loss) per share                                               
(based on weighted average number shares                                   
 outstanding)                                       $0.24    $0.07   ($0.03)
---------------------------------------------------------------------------
Cash and marketable securities                       25.7     19.5      7.8
---------------------------------------------------------------------------
Headcount                                             619      624      603
---------------------------------------------------------------------------
(1) EBITDA is not a recognized measure under IFRS and, accordingly,        
    investors are cautioned that EBITDA should not be construed as an      
    alternative to net income, determined in accordance with IFRS, as an   
    indicator of our financial performance or as a measure of our liquidity
    and cash flows. For a reconciliation of EBITDA and adjusted EBITDA,    
    investors should refer to Management's Discussion and Analysis for the 
    current quarter.                                                       
---------------------------------------------------------------------------

"Vecima is encouraged by the strong results in gross margin and cash flow generated through operations. These improvements were achieved despite the decrease in revenue from a strong fourth quarter in our last fiscal year," said Dr. Surinder Kumar, CEO of Vecima.

Vecima's Q1 revenue was $24.9 million, gross margin improved to 40%, EBITDA increased from $4.5 to $8.4 million and adjusted EBITDA was $4.5 million. Gross margin improved because of the increased efficiency and higher sales in new products.

As announced in July 2012, Vecima sold a parcel of non-serviced land in Saskatoon and received proceeds of approximately $4.0 million. The Company also sold a small number of radio spectrum licenses for $0.4 million in Q1.


MSO BUSINESS SERVICES

Terrace Family

--  Sales increased 7% to $8.7 million compared to $8.1 million in Q4 of
    FY12. Vecima continues to see consistent uptake of its TC1200, TC1000
    and TC600 products by its MSO customers. 
--  Revenue from TC600 increased over the last three quarters indicating
    further adoption of this product by new and existing MSO customers. 

Terrace QAM

--  Sales increased 30% from $4.1 million in Q4 of FY12 to $5.3 million
    this quarter. Vecima expects continued strong sales through the fiscal
    year. 
--  Terrace QAM is attractive to MSO customers because it enables new
    service revenue in the hospitality sector which includes Tier 1 hotels
    and resorts. 

CABLE HEADEND

OEM QAM Modules

--  As anticipated, sales dropped from $4.5 million to $1.1 million. Sales
    are expected to decline in fiscal 2013 as the product moves towards end
    of life. 
--  Next generation solutions in the cable headend will include technology
    for which Vecima and its partner, a leading integrated circuit
    manufacturer, have secured the design win. The solution is for a Tier 1
    vendor's next generation broadband access platform. 

OEM Return Path Demodulator and CableVista

--  Sales of these legacy products declined from Q4 FY12 to Q1 FY13. Sales
    for our OEM return path demodulator dropped from $2.9 million to $1.6
    million; while CableVista sales declined from $2.0 million to $1.1
    million. A flattening out and then gradual decline in the sales of
    these products, which are in the late stage of their product lifecycle,
    is expected over the next 1-2 years. 
--  As previously announced, Vecima has executed an agreement with a
    prominent digital video access equipment vendor for a custom designed
    platform that interfaces to a large, currently deployed base of
    subscriber devices. Vecima expects the product to start shipping in
    production volume in the last quarter of this fiscal year. 

FLEET MANAGEMENT

--  During the period, we signed a supply agreement with our lead customer. 
--  We currently have over 400 active, paying subscribers on our FleetLynx
    service platform. We have shipped over 1100 subscriber modems. 
--  Potential customers are actively evaluating the system solution's
    capabilities and feature set after in-person demonstrations. Outside of
    our lead customer, these organizations have more than ten thousand
    vehicles under management. 

BROADBAND WIRELESS

--  Sales decreased approximately 13% from $2.6 million in Q4 of FY12 to
    $2.3 million this period. Weakness in sales of both BWIN and WiMAX
    products were responsible for most of the revenue drop. 
--  Software defined radio (SDR) sales remained relatively flat quarter
    over quarter. 

YOURLINK

--  Revenue remained flat at $3.1 million from Q4 FY12 to Q1 FY13. 

CONFERENCE CALL

A conference call and live audio webcast will be held on November 13, 2012 at 1 p.m. ET to discuss the Company's first quarter results. Vecima's unaudited condensed interim consolidated financial statements and management's discussion and analysis for the three months ended September 30, 2012 are available under the Company's profile at www.SEDAR.com, and at http://www.vecima.com/financials_ir.php.

To participate in the teleconference, dial 1-800-319-4610 or 1-604-638-5340. The webcast will be available in real time at http://services.choruscall.ca/links/vecima121113.html and will be archived on the Vecima website at http://www.vecima.com/events_ir.php.

About Vecima Networks

Vecima Networks Inc. (TSX:VCM) designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. Vecima's hardware products incorporate original embedded software to meet the complex requirements of next-generation, high-speed digital networks. Service providers use Vecima's solutions to deliver services to a converging worldwide broadband market, including what are commonly known as "triple play" (voice, video and data) and "quadruple play" (voice, video, data and wireless) services. Vecima's solutions allow service providers to rapidly and cost-effectively bridge the final network segment that connects the system directly to end users, commonly referred to as "the last mile", by overcoming the bottleneck resulting from insufficient carrying capacity in legacy, last mile infrastructures. Vecima's products are directed at two principal markets: Converged Wired Solutions and Broadband Wireless. The Company has also developed and continues to focus on developing products to address emerging markets such as Voice over Internet Protocol, fibre to the home and IP video. More information is available at our website at www.vecima.com.

Forward-Looking Statements

Certain statements in this press release may constitute forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical fact are forward-looking statements. These statements include but are not limited to statements regarding management's intentions, belief or current expectations with respect to market and general economic conditions, future sales and revenue expectations, future costs and operating performance. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond our control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include, but are not limited to, the current significant general economic uncertainty and credit and financial market volatility and the distinctive characteristics of Vecima's operations and industry and customer demand that may have a material impact on, or constitute risk factors in respect of Vecima's future financial performance, as set forth under the heading "Risk Factors" in the Company's Annual Information Form dated September 28, 2012, a copy of which is available at www.sedar.com. In addition, although the forward-looking statements in this press release are based on what management believes are reasonable assumptions, such assumptions may prove to be incorrect. Consequently, readers should not place undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Vecima disclaims any intention or obligation to update or revise any forward-looking statements, as a result of new information, future events or otherwise, except as required by law.


VECIMA NETWORKS INC.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(unaudited - in thousands of Canadian dollars)

                                                September 30,       June 30,
                                                        2012           2012
---------------------------------------------------------------------------
Assets                                                                     
Current assets                                                             
  Cash and cash equivalents                         $ 11,723       $ 19,549
  Marketable securities                               14,008              -
  Accounts receivable                                 19,747         23,818
  Income tax receivable                               13,621         13,600
  Inventories                                         30,787         29,663
  Prepaid expenses                                     1,481          1,076
---------------------------------------------------------------------------
                                                      91,367         87,706
Non-current assets                                                         
  Property, plant and equipment                       27,608         28,158
  Assets held for resale                                   -            385
  Intangible assets                                   11,506         10,819
  Investment tax credit asset                         31,394         30,384
  Deferred tax asset                                   3,899          5,129
---------------------------------------------------------------------------
                                                   $ 165,774      $ 162,581
---------------------------------------------------------------------------
                                                                           
Liabilities                                                                
Current liabilities                                                        
  Accounts payable and accrued liabilities          $ 12,446       $ 13,653
  Provisions                                             891            974
  Income tax payable                                       -            806
  Deferred revenue                                     1,205          1,311
  Current portion of long-term debt                      250            250
---------------------------------------------------------------------------
                                                      14,792         16,994
Non-current liabilities                                                    
  Other long-term liabilities                            488            342
  Provisions                                           1,504          1,522
  Long-term debt                                       3,417          3,479
---------------------------------------------------------------------------
                                                      20,201         22,337
---------------------------------------------------------------------------
                                                                           
Shareholders' equity                                                       
  Share capital                                       34,484         34,482
  Reserves                                             2,778          2,761
  Retained earnings                                  108,311        103,001
---------------------------------------------------------------------------
                                                     145,573        140,244
---------------------------------------------------------------------------
                                                   $ 165,774      $ 162,581
---------------------------------------------------------------------------


VECIMA NETWORKS INC.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(unaudited - in thousands of Canadian dollars except net income per share
 data)

                                                         Three months ended
                                                               September 30,
                                                        2012           2011
---------------------------------------------------------------------------
                                                                           
Sales                                               $ 24,872       $ 19,981
Cost of sales                                         14,829         12,677
---------------------------------------------------------------------------
Gross margin                                          10,043          7,304
---------------------------------------------------------------------------
                                                                           
Operating expenses                                                         
Research and development                               1,898          2,764
Sales and marketing                                    1,026          1,182
General and administrative                             4,461          5,040
Stock-based compensation                                  17             22
Other (income)                                        (4,155)          (310)
---------------------------------------------------------------------------
                                                       3,247          8,698
---------------------------------------------------------------------------
Operating income (loss)                                6,796         (1,394)
Finance costs                                            235            136
Finance income                                            39            534
---------------------------------------------------------------------------
Income (loss) before income taxes                      6,600           (996)
Income tax expense (recovery)                          1,290           (275)
---------------------------------------------------------------------------
Net income and total comprehensive income            $ 5,310         $ (721)
---------------------------------------------------------------------------
                                                                           
Net income per share                                                       
Basic                                                 $ 0.24        $ (0.03)
Diluted                                               $ 0.24        $ (0.03)
                                                                           
Weighted average number of Common                                          
  Shares outstanding - basic                      22,317,339     22,316,767
  Shares outstanding - diluted                    22,382,537     22,316,767


VECIMA NETWORKS INC.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(unaudited - in thousands of Canadian dollars)

                                     Share              Retained           
                                   Capital   Reserves   Earnings      Total
---------------------------------------------------------------------------
                                                                           
Balance as at June 30, 2011       $ 34,482    $ 2,678   $ 89,735  $ 126,895
                                                                           
Net income and total                                                       
 comprehensive income                    -          -       (721)      (721)
Share-based payment expense              -         22          -         22
---------------------------------------------------------------------------
Balance as at September 30,                                                
 2011                             $ 34,482    $ 2,700   $ 89,014  $ 126,196
---------------------------------------------------------------------------
                                                                           
Balance as at June 30, 2012       $ 34,482    $ 2,761  $ 103,001  $ 140,244
                                                                           
Net income and total                                                       
 comprehensive income                    -          -      5,310      5,310
Shares issued by exercising                                                
 options                                 2          -                     2
Share-based payment expense              -         17          -         17
---------------------------------------------------------------------------
Balance as at September 30,                                                
 2012                             $ 34,484    $ 2,778  $ 108,311  $ 145,573
---------------------------------------------------------------------------


VECIMA NETWORKS INC.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited - in thousands of Canadian dollars)

                                                         Three months ended
                                                               September 30,
                                                        2012           2011
---------------------------------------------------------------------------
Cash flows from operating activities                                       
Net income                                           $ 5,310         $ (721)
Add (deduct) items not requiring cash                                      
  Gain on the sale of property, plant and                                  
   equipment                                          (3,590)           (13)
  Gain on sale of intangible assets                     (353)           (79)
  Depreciation of property, plant and                                      
   equipment                                           1,175          1,283
  Amortization of deferred development costs             555          1,240
  Amortization of finite-life intangible                                   
   assets                                                 37             41
  Stock-based compensation                                17             22
  Deferred income tax expense                          1,230           (212)
  Interest expense                                        58            136
  Interest income                                        (40)           (25)
Increase in other long-term liabilities                  146            (30)
Increase in provisions                                  (101)           640
Increase in investment tax credit asset                 (182)          (134)
Net change in non-cash working capital                                     
 relating to operations                                  393          3,545
Interest paid                                            (46)          (129)
Interest received                                         37             25
Income tax paid                                                            
---------------------------------------------------------------------------
                                                       4,646          5,589
---------------------------------------------------------------------------
Cash flows provided by investing activities                                
Purchase of property, plant and equipment               (638)          (921)
Proceeds from the sale of property, plant and                              
 equipment                                             3,988            139
Proceeds from the sale of intangible assets              363            150
Purchase of marketable securities                    (14,008)             -
Deferred development costs                            (2,114)        (2,205)
Purchase of indefinite and finite-life                                     
 intangible assets                                        (3)           (14)
---------------------------------------------------------------------------
                                                     (12,412)        (2,851)
---------------------------------------------------------------------------
Cash flows used in financing activities                                    
Proceeds from shares issued through exercised                              
 options                                                   2              -
Repayment of long-term debt                              (62)           (62)
---------------------------------------------------------------------------
                                                         (60)           (62)
---------------------------------------------------------------------------
                                                                           
Increase in cash during the year                      (7,826)         2,676
Cash and cash equivalents (bank                                            
 indebtedness), beginning of year                     19,549          5,095
---------------------------------------------------------------------------
Cash and cash equivalents, end of year              $ 11,723        $ 7,771
---------------------------------------------------------------------------

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation and integration; and visibility through intelligent business operations and big data.
There will be 50 billion Internet connected devices by 2020. Today, every manufacturer has a propriety protocol and an app. How do we securely integrate these "things" into our lives and businesses in a way that we can easily control and manage? Even better, how do we integrate these "things" so that they control and manage each other so our lives become more convenient or our businesses become more profitable and/or safe? We have heard that the best interface is no interface. In his session at Internet of @ThingsExpo, Chris Matthieu, Co-Founder & CTO at Octoblu, Inc., will discuss how these devices generate enough data to learn our behaviors and simplify/improve our lives. What if we could connect everything to everything? I'm not only talking about connecting things to things but also systems, cloud services, and people. Add in a little machine learning and artificial intelligence and now we have something interesting...
Last week, while in San Francisco, I used the Uber app and service four times. All four experiences were great, although one of the drivers stopped for 30 seconds and then left as I was walking up to the car. He must have realized I was a blogger. None the less, the next car was just a minute away and I suffered no pain. In this article, my colleague, Ved Sen, Global Head, Advisory Services Social, Mobile and Sensors at Cognizant shares his experiences and insights.
We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) irreversibly encoded. In his session at Internet of @ThingsExpo, Peter Dunkley, Technical Director at Acision, will look at how this identity problem can be solved and discuss ways to use existing web identities for real-time communication.
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of WebRTC adoption today, but the potential is limitless when powered by IoT. Attendees will learn real-world benefits of WebRTC and explore future possibilities, as WebRTC and IoT intersect to improve customer service.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at Internet of @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, will share some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, an Open Source Cloud Communications company that helps the shift from legacy IN/SS7 telco networks to IP-based cloud comms. An early investor in multiple start-ups, he still finds time to code for his companies and contribute to open source projects.
The Internet of Things (IoT) promises to create new business models as significant as those that were inspired by the Internet and the smartphone 20 and 10 years ago. What business, social and practical implications will this phenomenon bring? That's the subject of "Monetizing the Internet of Things: Perspectives from the Front Lines," an e-book released today and available free of charge from Aria Systems, the leading innovator in recurring revenue management.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges.
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines.
All major researchers estimate there will be tens of billions devices – computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be!
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, Erik Lagerway, Co-founder of Hookflash, will walk through the shifting landscape of traditional telephone and voice services to the modern P2P RTC era of OTT cloud assisted services.
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehension and conference efficiency.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, will discuss single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example to explain some of these concepts including when to use different storage models.
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, 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. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace. These technological reforms have not only changed computers and smartphones, but are also changing the data processing model for all information devices. In particular, in the area known as M2M (Machine-To-Machine), there are great expectations that information with a new type of value can be produced using a variety of devices and sensors saving/sharing data via the network and through large-scale cloud-type data processing. This consortium believes that attaching a huge number of devic...
Innodisk is a service-driven provider of industrial embedded flash and DRAM storage products and technologies, with a focus on the enterprise, industrial, aerospace, and defense industries. Innodisk is dedicated to serving their customers and business partners. Quality is vitally important when it comes to industrial embedded flash and DRAM storage products. That’s why Innodisk manufactures all of their products in their own purpose-built memory production facility. In fact, they designed and built their production center to maximize manufacturing efficiency and guarantee the highest quality of our products.
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. Every other IT news item seems to be about IoT and its implications on the future of digital business.
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. Download Slide Deck: ▸ Here
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.
With the iCloud scandal seemingly in its past, Apple announced new iPhones, updates to iPad and MacBook as well as news on OSX Yosemite. Although consumers will have to wait to get their hands on some of that new stuff, what they can get is the latest release of iOS 8 that Apple made available for most in-market iPhones and iPads. Originally announced at WWDC (Apple’s annual developers conference) in June, iOS 8 seems to spearhead Apple’s newfound focus upon greater integration of their products into everyday tasks, cross-platform mobility and self-monitoring. Before you update your device, here is a look at some of the new features and things you may want to consider from a mobile security perspective.