Click here to close now.

Welcome!

Microsoft Cloud Authors: Liz McMillan, Elizabeth White, Pat Romanski, Jaynesh Shah, Carmen Gonzalez

News Feed Item

Teletouch Reports Second Quarter 2013 Fiscal Year Results

Teletouch Communications, Inc. (OTCBB: TLLE), a leading U.S. cellular services provider and consumer electronics distributor, reported audited consolidated results on Form 10-Q and announced financial results for its second fiscal quarter ended November 30, 2012.

2nd Quarter Results – Financial

  • Total operating revenues of $5.00 million
  • Income from continuing operations of $0.06 million
  • EBITDA from continuing operations of $0.28 million
  • Net loss from continuing operations of $0.38 million

Year-to-Date Highlights – Financial (as reported)

  • Total operating revenues of $10.22 million
  • Income from continuing operations of $0.43 million
  • EBITDA from continuing operations of $0.88 million
  • Net loss from continuing operations of $0.49 million
  • Reduced total liabilities by $2.47 million

Material Subsequent Event - Settlement of Texas Sales Tax Obligation

  • On January 7, 2013, the Company entered into a settlement agreement with the State of Texas (“State”) related to the prior reported sales tax obligation of its wholly owned subsidiary, Progressive Concepts, Inc. (”PCI”), assessed following an audit of tax periods from January 2006 through October 2009;
  • The settlement reduced PCI’s total sales tax obligation from approximately $1.91 million to $1.41 million as of the settlement date, i.e., approximately $0.50 million in penalties and interest will be waived by the State once the tax obligation is paid pursuant to the terms of the settlement, as further described below;
  • Terms of settlement:
    • Settlement obligation to State - $1,413,888 (actual tax assessed from audit);
    • $625,000 down payment ($150,000 was prior paid voluntarily through December 1, 2012, with the remaining $475,000 paid January 10, 2013);
    • Beginning February 15, 2013, PCI shall make 35 payments of $22,000 each month, with a final payment of $18,888 due January 15, 2016 (total of $788,888);
    • Total settlement obligation amount due is interest free;
    • All penalties and interest will be waived by the State after the settlement obligation is paid in full;
  • As the settlement and related current obligation was agreed to (and financed at zero interest) by the State prior to the Company’s 2nd quarter financials being released, $1.1 million of the total obligation has been reclassified as a long term obligation on the Consolidated Balance Sheet as of November 30, 2012.

“This year’s quarter is not easily compared to last year’s same period, as we settled the AT&T litigation in late November 2011,” stated T. A. "Kip" Hyde, Jr., President, Chief Operating Officer and Director of Teletouch. “For a more comparable view, adjusted EBITDA for the second quarter was $0.29 million versus an adjusted EBITDA of $0.36 million for the same period last year. Adjusted Operating Income increased to $0.07 million from an adjusted Operating Income of $0.03 million last year. Our adjusted net loss from continuing operations decreased to $0.37 million from $0.59 million in the prior year’s quarter. While all-in-all, we maintained a reasonably comparable quarter, we are still not where we need to be to drive solid top and bottom-line growth.”

Hyde continued, “Although we expected to close our new senior credit facility during the quarter, a requirement by our prospective new lender to resolve the State of Texas sales tax obligation, and related ongoing negotiations with our current lender, Thermo Credit on payment and inter-creditor terms, have caused unexpected delays. We reached favorable terms with the State in mid-December and completed the settlement agreement in early January, but the negotiations with Thermo Credit continue. At this point, Thermo must agree to terms acceptable to our new lender for the new financing to move forward. We are optimistic that both lenders will reach agreement shortly and our new financing will be completed. However, at this point, we can just watch and wait.”

“Meanwhile, our operations suffer each day that we do not have a new credit facility in place to finance needed inventory purchases, expand wholesale partnership opportunities, and support our cellular operations. While we have faced some early challenges in executing on our wholesale business growth plan, we remain committed to the distribution business as the long-term growth engine for the Company. We are working to focus this business unit on fewer key product lines and generating larger customer relationships, in the expectation that these activities will provide substantial growth, especially by leveraging our expected new financing options.”

Hyde added, “Until then, the cellular business remains the key income driver of our operations. The rate of cellular subscriber attrition remains within our expectations, but the ongoing subsidies required for cellular phones used for subscriber contract renewals are straining our liquidity. Of particular note, during the quarter, not only was the iPhone 5 launched, but also the price of the iPhone 4 was significantly reduced, which combined with the start of the holiday season, resulted in substantially increased demand from our cellular subscribers for new cellular handsets, increasing the negative impact on our cash and earnings. Although the net present value of the required two-year services contract renewal and related transfer value at the end of our AT&T contract far exceeds the up-front subsidy on each handset, the subsidized amount is recognized immediately, which negatively impacts current earnings and cash. Until our new credit facility is in place, we are actively monitoring subscriber upgrade activity and may have to curtail certain subsidies and services over time.”

Hyde concluded, “The delays in completing the new financing have clearly impacted all areas of our business. We see many opportunities to grow, but need the additional liquidity that a new credit facility will provide in order to act upon them. At this point, it is clear that the timing of an agreement between our new lender and Thermo Credit is not within our control. Until then, we will continue to review all of our corporate expense structures and look for available ways to improve our overall profitability. However, we remain optimistic that a new facility will be implemented in the relatively near future, and once put in place, we expect to drive new sales growth through the back half of the fiscal year.”

EARNINGS CONFERENCE CALL:

The Company’s fiscal second quarter 2013 earnings conference call is scheduled on January 30, 2013, at 4:15 p.m. Eastern (3:15 p.m. Central). To join, participants will call 866-901-2585 or 404-835-7099. Callers will be asked to provide their first and last names, email address, company and/or financial institution name, as applicable. Participants are advised to dial in approximately 10-15 minutes before the conference call is scheduled to begin. After information is given to the operator, participants will be placed on music-hold prior to the start of the call, then all added to call at start. After the speakers conclude their prepared remarks, the moderator will provide instructions to all calling participants on how to queue up their questions.

For its second fiscal quarter ended November 30, 2012, the Company announced the following results [the Tables below present selected financial data, including certain non-GAAP measures; see Teletouch’s Form 10-Q for its quarter ended November 30, 2012, filed on January 22, 2013 for complete financials and additional information]:

Teletouch Communications, Inc.
(in thousands, except shares and per share amounts)
       
Three Months Ended
November 30 November 30    
2012 2011

$ Change

% Change
Summary Operating Results:
Service revenue $ 3,411 $ 3,853 $ (442 ) -11.5 %
Product sales revenue   1,592     2,422     (830 ) -34.3 %
Total operating revenues 5,003 6,275 (1,272 ) -20.3 %
 
Cost of service (671 ) (941 ) 270 -28.7 %
Cost of products sold   (1,675 )   (2,395 )   720   -30.1 %
 
Gross margin on service revenue 2,740 2,912 (172 ) -5.9 %
Gross margin on product sales revenue   (83 )   27     (110 ) (G)
Gross margin on total revenue   2,657     2,939     (282 ) -9.6 %
 
Operating income from continuing operations 59 8,440 (8,381 ) -99.3 %
 
Net income (loss) from continuing operations (376 ) 7,817 (8,193 ) (G)
 
Net loss from discontinued operations (F) (48 ) (29 ) (19 ) 65.5 %
 
Net income (loss) $ (424 ) $ 7,788 $ (8,212 ) (G)
 
Basic income (loss) per share of common stock from continuing operations $ (0.01 ) $ 0.16 $ (0.17 ) (G)
 
Diluted income (loss) per share of common stock from continuing operations $ (0.01 ) $ 0.15 $ (0.16 ) (G)
 
Weighted average shares outstanding:
Basic 48,742,335 48,739,368 2,967 0.0 %
 
Diluted 48,742,335 52,147,924 (3,405,589 ) -6.5 %
 
EBITDA, Adjusted EBITDA, Operating Income and Net Income (Loss) from Continuing Operations Reconciliation:
Net income (loss) from continuing operations $ (376 ) $ 7,817 $ (8,193 ) (G)
Add back:
Depreciation and amortization 222 332 (110 ) -33.1 %
Interest expense 374 523 (149 ) -28.5 %
Income tax expense   61     100     (39 ) -39.0 %
EBITDA from continuing operations (A) 281 8,772 (8,491 ) -96.8 %
Adjustments:
Non-cash stock compensation expense 6 40 (34 ) -85.0 %
Severance costs 4 - 4 100.0 %
Litigation costs (AT&T arbitration) (C) - 149 (149 ) -100.0 %
Gain on settlement with AT&T (D) - (10,000 ) 10,000 -100.0 %
Management bonuses related to settlement with AT&T (E)   -     1,400     (1,400 ) -100.0 %
Total adjustments   10     (8,411 )   8,421   (G)
Adjusted EBITDA from continuing operations (B) 291 361 (70 ) -19.4 %
 
Adjusted Operating Income from Continuing Operations Reconcilation:
Operating income from continuing operations $ 59 $ 8,440 $ (8,381 ) -99.3 %
Total adjustments   10     (8,411 )   8,421   (G)
Adjusted operating income from operations (B) 69 29 40 137.9 %
 
Adjusted Net Income (Loss) from Continuing Operations Reconciliation:
Net income (loss) from continuing operations $ (376 ) $ 7,817 $ (8,193 ) (G)
Total adjustments   10     (8,411 )   8,421   (G)
Adjusted net loss from continuing operations (B) (366 ) (594 ) 228 (G)
 
Notes:
(A) Teletouch's EBITDA means Net income (loss) from continuing operations before depreciation and amortization, interest expense and income tax expense. EBITDA is non-GAAP measure that the Company believes allows for a more complete analysis of our results.
 

(B) Teletouch's Adjusted EBITDA, Adjusted operating income and Adjusted net income (loss) from continuing operations means EBITDA, Operating income and Net income (loss) from Continuing Operations before non-cash stock compensation expense and significant items that do not occur on a routine basis. These adjusted measurements are non-GAAP measures that the Company believes allows for a more comparative analysis of our results to other periods.

 
(C) The Company’s subsidiary, PCI, commenced binding arbitration against AT&T on September 30, 2009. PCI commenced the binding arbitration to seek relief for damages PCI had incurred as AT&T had prevented PCI from selling the iPhone and other AT&T exclusive products and services that PCI had been contractually entitled to provide to its customers under its distribution agreements with AT&T. The litigation against AT&T was settled on November 23, 2011.
 

(D) As a result of the settlement and release agreement that was executed with AT&T on November 23, 2011, the Company recorded the initial consideration of $10,000,000 as a gain, which was included in the operating income on the Company's consolidated statement of operations for the three and six months ended November 30, 2011. The initial consideration was comprised of a $5,000,000 cash payment and $5,000,000 credit against PCI's outstanding accounts payable to AT&T.

 
(E) The Compensation Committee of the Company's Board of Directors approved a bonus for executive and management personnel due to the successful settlement of the litigation against AT&T in November 2011 and in light of the fact that no bonuses were awarded during fiscal year 2011 due primarily to a decrease in earnings caused by delays in this litigation outside of the Company's control.
 

(F) On August 11, 2012, Teletouch and DFW Communications, Inc. entered into an Asset Purchase Agreement (the "APA") to sell substantially all of the assets of the Company associated with the two-way radio and public safety equipment business. The sale of the business was approved by the Company's Board of Directors on August 10, 2012, and the Company received approximately $1,169,000 of cash consideration for the sale of the assets of the two-way radio and public safety equipment business.

 
(G) Percent change is not provided if either the latest period or the year-ago period contains a loss.
 
 
Teletouch Communications, Inc.
(in thousands, except shares and per share amounts)
     
Six Months Ended
November 30 November 30    
2012 2011

$ Change

% Change
Summary Operating Results:
Service revenue $ 7,134 $ 7,979 $ (845 ) -10.6 %
Product sales revenue   3,089     5,782     (2,693 ) -46.6 %
Total operating revenues 10,223 13,761 (3,538 ) -25.7 %
 
Cost of service (1,340 ) (1,945 ) 605 -31.1 %
Cost of products sold   (3,154 )   (5,767 )   2,613   -45.3 %
 
Gross margin on service revenue 5,794 6,034 (240 ) -4.0 %
Gross margin on product sales revenue   (65 )   15     (80 ) (G)
Gross margin on total revenue   5,729     6,049     (320 ) -5.3 %
 
Operating income from continuing operations 434 8,286 (7,852 ) -94.8 %
 
Net income (loss) from continuing operations (487 ) 7,102 (7,589 ) (G)
 
Net loss from discontinued operations (F) (145 ) (86 ) (59 ) (G)
 
Net income (loss) $ (632 ) $ 7,016 $ (7,648 ) (G)
 
Basic income (loss) per share of common stock from continuing operations $ (0.01 ) $ 0.14 $ (0.16 ) (G)
 
Diluted income (loss) per share of common stock from continuing operations $ (0.01 ) $ 0.14 $ (0.15 ) (G)
 
Weighted average shares outstanding:
Basic 48,742,335 48,739,184 3,151 0.0 %
 
Diluted 48,742,335 51,967,097 (3,224,762 ) -6.2 %
 
EBITDA, Adjusted EBITDA, Operating Income and Net Income (Loss) from Continuing Operations Reconciliation:
Net income (loss) from continuing operations $ (487 ) $ 7,102 $ (7,589 ) (G)
Add back:
Depreciation and amortization 446 612 (166 ) -27.1 %
Interest expense 778 1,050 (272 ) -25.9 %
Income tax expense   143     134     9   6.7 %
EBITDA from continuing operations (A) 880 8,898 (8,018 ) -90.1 %
Adjustments:
Non-cash stock compensation expense 167 291 (124 ) -42.6 %
Severance costs 24 1 23 2300.0 %
Litigation costs (AT&T arbitration) (C) - 315 (315 ) -100.0 %
Gain on settlement with AT&T (D) - (10,000 ) 10,000 -100.0 %
Management bonuses related to settlement with AT&T (E)   -     1,400     (1,400 ) -100.0 %
Total adjustments   191     (7,993 )   8,184   (G)
Adjusted EBITDA from continuing operations (B) 1,071 905 166 18.3 %
 
Adjusted Operating Income from Continuing Operations Reconcilation:
Operating income from continuing operations $ 434 $ 8,286 $ (7,852 ) -94.8 %
Total adjustments   191     (7,993 )   8,184   (G)
Adjusted operating income from operations (B) 625 293 332 113.3 %
 
Adjusted Net Income (Loss) from Continuing Operations Reconciliation:
Net income (loss) from continuing operations $ (487 ) $ 7,102 $ (7,589 ) (G)
Total adjustments   191     (7,993 )   8,184   (G)
Adjusted net loss from continuing operations (B) (296 ) (891 ) 595 (G)
 
Notes:
(A) Teletouch's EBITDA means Net income (loss) from continuing operations before depreciation and amortization, interest expense and income tax expense. EBITDA is non-GAAP measure that the Company believes allows for a more complete analysis of our results.
 

(B) Teletouch's Adjusted EBITDA, Adjusted operating income and Adjusted net income (loss) from continuing operations means EBITDA, Operating income and Net income (loss) from Continuing Operations before non-cash stock compensation expense and significant items that do not occur on a routine basis. These adjusted measurements are non-GAAP measures that the Company believes allows for a more comparative analysis of our results to other periods.

 
(C) The Company’s subsidiary, PCI, commenced binding arbitration against AT&T on September 30, 2009. PCI commenced the binding arbitration to seek relief for damages PCI had incurred as AT&T had prevented PCI from selling the iPhone and other AT&T exclusive products and services that PCI had been contractually entitled to provide to its customers under its distribution agreements with AT&T. The litigation against AT&T was settled on November 23, 2011.
 
(D) As a result of the settlement and release agreement that was executed with AT&T on November 23, 2011, the Company recorded the initial consideration of $10,000,000 as a gain, which was included in the operating income on the Company's considated statement of operations for the three and six months ended November 30, 2011. The initial consideration was comprised of a $5,000,000 cash payment and $5,000,000 credit against PCI's outstanding accounts payable to AT&T.
 
(E) The Compensation Committee of the Company's Board of Directors approved a bonus for executive and management personnel due to the successful settlement of the litigation against AT&T in November 2011 and in light of the fact that no bonuses were awarded during fiscal year 2011 due primarily to a decrease in earnings caused by delays in this litigation outside of the Company's control.
 

(F) On August 11, 2012, Teletouch and DFW Communications, Inc. entered into an Asset Purchase Agreement (the "APA") to sell substantially all of the assets of the Company associated with the two-way radio and public safety equipment business. The sale of the business was approved by the Company's Board of Directors on August 10, 2012, and the Company received approximately $1,169,000 of cash consideration for the sale of the assets of the two-way radio and public safety equipment business.

 
(G) Percent change is not provided if either the latest period or the year-ago period contains a loss.
 
 
Selected Balance Sheet Highlights
(in thousands)
       

November 30,

May 31,
2012 2012 $ Change % Change
Cash $ 1,257 $ 1,973 $ (716 ) -36.3 %
Current portion of Texas sales and use tax obligation 695 - 695 100.0 %
Current debt obligation 9,655 10,932 (1,277 ) -11.7 %
Long-term Texas sales and use tax obligation, net of current portion 1,062 - 1,062 100.0 %
 
Total liabilities 18,109 20,576 (2,467 ) -12.0 %
 
Current Assets 6,808 8,814 (2,006 ) -22.8 %
Current Liabilities   17,047     20,476     (3,429 ) -16.7 %
Working Capital (10,239 ) (11,662 ) 1,423 12.2 %
 
 

Disclosure of Non-GAAP Financial Measures

We report our financial results in accordance with generally accepted accounting principles (“GAAP”). However, management believes the presentation of certain non-GAAP financial measures provides useful information to management and investors regarding financial and business trends relating to the Company’s financial condition and results of operations, and that when GAAP financial measures are viewed in conjunction with the non-GAAP financial measures, investors are provided with a more meaningful understanding of the Company’s ongoing operating performance. In addition, these non-GAAP financial measures are among the primary indicators management uses as a basis for evaluating performance. For all non-GAAP financial measures in this release, we have provided corresponding GAAP financial measures for comparative purposes.

We refer to the term EBITDA, Adjusted EBITDA, Adjusted income/(loss) from operations and “Adjusted net income (loss)” in various places of our financial discussion. EBITDA is defined by us as net income/(loss) before interest expense, income tax expense, and depreciation and amortization expense. The Company identifies its non-cash, significant and one-time charges each period, including non-cash stock compensation expense and significant litigation or restructuring costs and excludes these charges to compute certain non-GAAP adjusted operating measurements. EBITDA, Income/(loss) from operations, and Net income/(loss) are each adjusted by excluding the total non-cash, significant and one-time charges identified by the Company to compute Adjusted EBITDA, Adjusted income/(loss) from operations and Adjusted net income/(loss), respectively (the “Non-GAAP Financial Measures”). The Non-GAAP Financial Measures are not measures of operating performance under GAAP and therefore should not be considered in isolation nor construed as an alternative to operating profit, net income/(loss) or cash flows from operating, investing or financing activities, each as determined in accordance with GAAP nor should they be considered as a measure of liquidity. Moreover, since the Non-GAAP Financial Measures are not measurements determined in accordance with GAAP, and thus are susceptible to varying interpretations and calculations, the Non-GAAP Financial Measures, as presented, may not be comparable to similarly titled measures presented by other companies.

About Teletouch Communications

For over 48 years, Teletouch has offered a comprehensive suite of wireless telecommunications solutions, including cellular, two-way radio, GPS-telemetry and wireless messaging. Today, Teletouch is a leading Authorized Service Provider and billing agent of AT&T (NYSE: T) products and services to consumers, businesses and government agencies, operating a chain of retail and authorized agent stores in North and Central Texas under its “Hawk Electronics” brand, in conjunction with its direct sales force, call center operations and various retail eCommerce websites, including: www.hawkelectronics.com, www.hawkwireless.com and www.hawkexpress.com.

Through its wholly owned subsidiary, Progressive Concepts, Inc., Teletouch operates a national distribution business, PCI Wholesale, primarily serving Tier 1 (AT&T, T-Mobile, Verizon, Sprint) cellular carrier agents, Tier 2, Tier 3 and rural carriers, as well as auto dealers and smaller consumer electronics retailers, with product sales and support available through www.pciwholesale.com and www.pcidropship.com, among other B2B oriented websites.

Teletouch's common stock is traded Over-The-Counter under stock symbol: TLLE. Additional information about the Teletouch family of companies can be found at www.teletouch.com.

All statements from Teletouch Communications, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the PSLRA of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While the Company’s management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption “Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefits. The Modern Enterprise model is presented as a newer way to think of enterprise IT, which takes a more holistic approach to embracing modern technologies.
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
There's no doubt that the Internet of Things is driving the next wave of innovation. Google has spent billions over the past few months vacuuming up companies that specialize in smart appliances and machine learning. Already, Philips light bulbs, Audi automobiles, and Samsung washers and dryers can communicate with and be controlled from mobile devices. To take advantage of the opportunities the Internet of Things brings to your business, you'll want to start preparing now.
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 @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
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, described how to revolutioniz...
The world is at a tipping point where the technology, the device and global adoption are converging to such a point that we will see an explosion of a world where smartphone devices not only allow us to talk to each other, but allow for communication between everything – serving as a central hub from which we control our world – MediaTek is at the heart of both driving this and allowing the markets to drive this reality forward themselves. The next wave of consumer gadgets is here – smart, connected, and small. If your ambitions are big, so are ours. In his session at @ThingsExpo, Jack Hu, D...
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...
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, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of 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. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An active participa...
We’re entering a new era of computing technology that many are calling the Internet of Things (IoT). Machine to machine, machine to infrastructure, machine to environment, the Internet of Everything, the Internet of Intelligent Things, intelligent systems – call it what you want, but it’s happening, and its potential is huge. IoT is comprised of smart machines interacting and communicating with other machines, objects, environments and infrastructures. As a result, huge volumes of data are being generated, and that data is being processed into useful actions that can “command and control” thi...
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
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 Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines...
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists will peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fil...
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! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
The worldwide cellular network will be the backbone of the future IoT, and the telecom industry is clamoring to get on board as more than just a data pipe. In his session at @ThingsExpo, Evan McGee, CTO of Ring Plus, Inc., discussed what service operators can offer that would benefit IoT entrepreneurs, inventors, and consumers. Evan McGee is the CTO of RingPlus, a leading innovative U.S. MVNO and wireless enabler. His focus is on combining web technologies with traditional telecom to create a new breed of unified communication that is easily accessible to the general consumer. With over a de...
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize supplier management. Learn about enterprise architecture strategies for designing connected systems tha...
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 @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared 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, a...