Welcome!

Microsoft Cloud Authors: Janakiram MSV, Pat Romanski, Steven Mandel, John Basso, Liz McMillan

News Feed Item

Lam Research Corporation Reports Financial Results for the Quarter Ended December 23, 2012

FREMONT, CA -- (Marketwire) -- 01/23/13 -- Lam Research Corp. (NASDAQ: LRCX)

  • Reported revenue of $860.9 million for the December 2012 quarter, down 5% from the prior quarter

  • Reported GAAP gross margin of 36.6%, GAAP operating margin of 0.5% and GAAP EPS of $0.04

  • Delivered non-GAAP gross margin of 44.2%, operating margin of 11.5%, and EPS of $0.45

  • Repurchased 10 million shares of common stock, completing approximately $1.4 billion of $1.6 billion in announced buybacks

Lam Research Corp. (NASDAQ: LRCX) today announced financial results for the quarter ended December 23, 2012. Highlights for the quarter were as follows:


                          Lam Research Corporation
        Financial Highlights for the Quarter Ended December 23, 2012
           (in thousands, except per share data and percentages)

                                                    U.S. GAAP     Non-GAAP
                                                   -----------  -----------

Revenue:                                           $   860,886  $   860,886

Operating Margin:                                          0.5%        11.5%

Net Income:                                        $     6,408  $    77,278

Diluted EPS:                                       $      0.04  $      0.45


Revenue for the period was $860.9 million, gross margin was $315.4 million, or 36.6% of revenue, operating expenses were $311.4 million, and net income was $6.4 million, or $0.04 per diluted share on a GAAP basis. This compares to revenue of $906.9 million, gross margin of $333.9 million, or 36.8%, operating expenses of $317.2 million, and net income of $2.8 million, or $0.02 per diluted share, for the September 2012 quarter. Shipments for the December 2012 quarter were $803 million, compared to $935 million during the September 2012 quarter.

In addition to U.S. Generally Accepted Accounting Principles (GAAP) results, this commentary contains non-GAAP financial measures. The Company's non-GAAP results for both the December 2012 and September 2012 quarters exclude costs associated with the fair value impact of acquisition-related inventory, amortization related to intangible assets acquired in the Novellus transaction, certain acquisition and integration-related costs, the amortization of convertible note discounts, and rationalization of certain product configurations. Additionally, the December 2012 quarter non-GAAP results exclude restructuring charges and tax benefits on successful resolution of certain tax matters. See "Use of Non-GAAP Financial Measures" below for additional information.

Non-GAAP Financial Measures

On a non-GAAP basis, net income was $77.3 million, or $0.45 per diluted share, in the December 2012 quarter compared to $97.0 million, or $0.53 per diluted share, for the September 2012 quarter. Gross margin for the December 2012 quarter was $380.5 million, or 44.2%, compared to $402.3 million, or 44.4%, for the September 2012 quarter. Gross margin performance reflected unfavorable factory utilization as well as product and customer-mix changes. Non-GAAP operating expenses for the December 2012 quarter decreased to $281.5 million compared with the September quarter of $284.3 million. This was primarily due to lower incentive compensation stemming from decreased business volumes and reductions in field and support-group spending.

"Lam closed calendar year 2012 by delivering solid financial performance for the December quarter and strong execution against our integration plans," stated Martin Anstice, Lam's president and chief executive officer. "In the latter part of 2012, demand for semiconductor equipment declined, particularly in the NAND memory segment. Although we expect these conditions will continue in the near-term we remain optimistic in the long-term about the catalysts and inflections for growth. In this environment, we remain committed to funding new technology investments and positioning next-generation products with customers, and at the same time, retaining day-to-day discipline necessary to deliver predictable operating performance."

Cash and cash equivalents, short-term investments and restricted cash and investment balances decreased to $2.7 billion as planned at the end of the December 2012 quarter, compared to $2.9 billion at the end of the September 2012 quarter. This decrease was primarily the result of approximately $355 million of stock repurchases, offset by approximately $193 million in cash flow from operating activities during the December 2012 quarter. Deferred revenue and deferred profit balances at the end of the December 2012 quarter decreased to $282.0 million and $169.0 million, respectively, as compared to $363.5 million and $208.1 million, respectively, at the end of the September 2012 quarter. Lam's deferred revenue balance does not include shipments to Japanese customers, to whom title does not transfer until customer acceptance. Shipments to Japanese customers are classified as inventory at cost until the time of acceptance. The anticipated future revenue from shipments to Japanese customers was approximately $45.7 million as of December 23, 2012.

The geographic distribution of shipments and revenue during the December 2012 quarter is shown in the following table:


                       Region                         Shipments    Revenue
---------------------------------------------------- ----------  ----------
North America                                                29%         24%
Europe                                                        9%          8%
Japan                                                        14%         10%
Korea                                                        12%         12%
Taiwan                                                       22%         26%
Asia Pacific                                                 14%         20%


Use of Non-GAAP Financial Measures

Management uses non-GAAP gross margin, operating income, operating expenses, operating margin, net income, and net income per diluted share to evaluate the Company's operating and financial results. The Company believes the presentation of non-GAAP results is useful to investors for analyzing business trends and comparing performance to prior periods, along with enhancing the investors' ability to view the Company's results from management's perspective. Tables presenting reconciliations of non-GAAP results to U.S. GAAP results are included at the end of this press release and on the Company's web site at http://investor.lamresearch.com.

Caution Regarding Forward-Looking Statements

Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to, the anticipated revenue from shipments to Japanese customers, our expectations for growth and future demand for semiconductor equipment, and our plans pertaining to expense management, funding technology investments and positioning our products with customer as well as our ability to execute on those plans. Some factors that may affect these forward-looking statements include: business conditions in the consumer electronics industry, the semiconductor industry and the overall economy; the strength of the financial performance of our existing and prospective customers; the introduction of new and innovative technologies; the occurrence and pace of technology transitions and conversions; the actions of our competitors, consumers, semiconductor companies and key suppliers and subcontractors; and the success of research and development and sales and marketing programs. These forward-looking statements are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed by us with the Securities and Exchange Commission, including specifically our report on Form 10-K for the year ended June 24, 2012 and Form 10-Q for the three months ended September 23, 2012. These uncertainties and changes could cause actual results to vary from expectations. The Company undertakes no obligation to update the information or statements made in this press release.

About Lam Research

Lam Research Corp. is a major supplier of innovative wafer fabrication equipment and services to the worldwide semiconductor industry. For more than 30 years, the Company has driven continuous improvements in chip performance, power consumption, and cost, contributing to the global proliferation of smartphones, computers, tablets, and other electronic products. Lam Research has been the leading supplier of high-throughput plasma etch equipment for more than a decade and expanded its product offerings in 2008 to include single-wafer clean systems. The Company added thin-film deposition and wafer surface preparation technologies to its product portfolio in 2012 with the acquisition of Novellus Systems, Inc. Headquartered in Fremont, Calif., Lam Research maintains a global network of service facilities throughout North America, Asia, and Europe to rapidly meet the needs of its global customer base. It is an S&P 500® company whose common stock trades on the NASDAQ Global Select Market(SM) under the symbol LRCX. For more information, please visit http://www.lamresearch.com.

Consolidated Financial Tables Follow.


                          LAM RESEARCH CORPORATION
              CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
           (in thousands, except per share data and percentages)
                                (unaudited)

                         Three Months Ended             Six Months Ended
                 ----------------------------------  ----------------------
                  December    September   December    December    December
                  23, 2012    23, 2012    25, 2011    23,  012    25, 2011
                 ----------  ----------  ----------  ----------  ----------
Revenue          $  860,886  $  906,888  $  583,981  $1,767,774  $1,264,417
  Cost of goods
   sold             545,472     573,002     350,014   1,118,474     746,567
  Cost of goods
   sold -
   restructuring
   and
   impairments            -           -        (859)          -        (859)
                 ----------  ----------  ----------  ----------  ----------
    Total cost
     of goods
     sold           545,472     573,002     349,155   1,118,474     745,708
                 ----------  ----------  ----------  ----------  ----------
    Gross margin    315,414     333,886     234,826     649,300     518,709
    Gross margin
     as a
     percent of
     revenue           36.6%       36.8%       40.2%       36.7%       41.0%
Research and
 development        165,951     163,311     104,024     329,262     206,583
Selling, general
 and
 administrative     144,400     153,863      83,256     298,263     163,456
Restructuring
 and impairments      1,021           -           -       1,021       1,725
                 ----------  ----------  ----------  ----------  ----------
    Total
     operating
     expenses       311,372     317,174     187,280     628,546     371,764
                 ----------  ----------  ----------  ----------  ----------
    Operating
     income           4,042      16,712      47,546      20,754     146,945
    Operating
     margin as a
     percent of
     revenue            0.5%        1.8%        8.1%        1.2%       11.6%
Other income
 (expense), net     (13,390)     (9,938)     (7,785)    (23,328)    (19,858)
                 ----------  ----------  ----------  ----------  ----------
    Income
     (loss)
     before
     income
     taxes           (9,348)      6,774      39,761      (2,574)    127,087
Income tax
 expense
 (benefit)          (15,756)      4,006       6,549     (11,750)     22,037
                 ----------  ----------  ----------  ----------  ----------
    Net income   $    6,408  $    2,768  $   33,212  $    9,176  $  105,050
                 ==========  ==========  ==========  ==========  ==========
Net income per
 share:
  Basic net
   income per
   share         $     0.04  $     0.02  $     0.28  $     0.05  $     0.87
                 ==========  ==========  ==========  ==========  ==========
  Diluted net
   income per
   share         $     0.04  $     0.02  $     0.27  $     0.05  $     0.86
                 ==========  ==========  ==========  ==========  ==========
Number of shares
 used in per
 share
 calculations:
  Basic             170,699     179,928     119,739     175,314     121,435
                 ==========  ==========  ==========  ==========  ==========
  Diluted           173,027     181,926     120,873     177,490     122,382
                 ==========  ==========  ==========  ==========  ==========



                          LAM RESEARCH CORPORATION
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                               (in thousands)

                                    December 23, September 23,    June 24,
                                        2012          2012          2012
                                   ------------- ------------- -------------
                                    (unaudited)   (unaudited)       (1)
ASSETS
Cash and cash equivalents          $   1,190,189 $   1,411,466 $   1,564,752
Short-term investments                 1,330,498     1,312,767     1,297,931
Accounts receivable, net                 590,925       640,217       765,818
Inventories                              530,272       567,920       632,853
Deferred income taxes                    139,300       136,556        47,782
Other current assets                      65,224       100,490       105,973
                                   ------------- ------------- -------------
  Total current assets                 3,846,408     4,169,416     4,415,109
Property and equipment, net              590,547       593,202       584,596
Restricted cash and investments          166,166       166,196       166,335
Deferred income taxes                        344             -             -
Goodwill and intangible assets         2,608,221     2,642,770     2,686,730
Other assets                             151,478       152,762       151,882
                                   ------------- ------------- -------------
  Total assets                     $   7,363,164 $   7,724,346 $   8,004,652
                                   ============= ============= =============

LIABILITIES AND STOCKHOLDERS'
 EQUITY
Current liabilities                $     825,482 $     854,257 $   1,426,928
                                   ------------- ------------- -------------

Long-term debt, convertible notes,
 and capital leases                $   1,286,729 $   1,278,792 $     761,783
Income taxes payable                     260,063       282,844       274,240
Other long-term liabilities              294,300       296,807       219,577
                                   ------------- ------------- -------------
  Total liabilities                    2,666,574     2,712,700     2,682,528
                                   ============= ============= =============

Senior convertible notes                       -             -       190,343
Stockholders' equity                   4,696,590     5,011,646     5,131,781
                                   ------------- ------------- -------------
  Total liabilities and
   stockholders' equity            $   7,363,164 $   7,724,346 $   8,004,652
                                   ============= ============= =============


(1)  Derived from audited financial statements


                          LAM RESEARCH CORPORATION
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                               (in thousands)
                                (unaudited)

                         Three Months Ended             Six Months Ended
                 ----------------------------------  ----------------------
                  December    September   December    December    December
                  23, 2012    23, 2012    25, 2011    23, 2012    25, 2011
                 ----------  ----------  ----------  ----------  ----------
CASH FLOWS FROM
 OPERATING
 ACTIVITIES:
Net income       $    6,408  $    2,768  $   33,212  $    9,176  $  105,050
Adjustments to
 reconcile net
 income to net
 cash provided
 by operating
 activities:
  Depreciation
   and
   amortization      78,388      74,816      22,372     153,204      43,732
  Deferred
   income taxes      (7,320)    (12,017)       (633)    (19,337)       (633)
  Restructuring
   and
   impairment
   charges, net       1,021           -        (859)      1,021         866
  Equity-based
   compensation
   expense           24,027      24,414      18,224      48,441      35,968
  Income tax
   benefit on
   equity-based
   compensation
   plans                  -           -         470           -       1,129
  Excess tax
   benefit on
   equity-based
   compensation
   plans                  -           -        (204)          -      (2,155)
  Amortization
   of
   convertible
   note discount      7,843       7,752       6,671      15,595      13,264
  Impairment of
   investment             -           -           -           -       1,724
  Other, net         13,673      11,050       1,083      24,723       2,506
  Changes in
   operating
   assets and
   liabilities:      69,186     140,479      88,680     209,665      54,465
                 ----------  ----------  ----------  ----------  ----------
    Net cash
     provided by
     operating
     activities     193,226     249,262     169,016     442,488     255,916
                 ----------  ----------  ----------  ----------  ----------

CASH FLOWS FROM
 INVESTING
 ACTIVITIES:
Capital
 expenditures
 and intangible
 assets             (38,924)    (43,965)    (26,682)    (82,889)    (42,414)
Cash acquired in
 (paid for)
 business
 acquisition         (8,716)          -           -      (8,716)          -
Net
 sales/maturitie
 s (purchases)
 of available-
 for-sale
 securities         (23,250)    (16,638)     (4,194)    (39,888)    (89,453)
Purchase of
 equity method
 investment               -           -     (10,740)          -     (10,740)
Receipt of loan
 payment                  -           -       8,375           -       8,375
Proceeds from
 sale of assets         660           -       2,677         660       2,677
Transfer of
 restricted cash
 and investments         33         146           3         179          20
                 ----------  ----------  ----------  ----------  ----------
    Net cash
     provided by
     (used for)
     investing
     activities     (70,197)    (60,457)    (30,561)   (130,654)   (131,535)
                 ----------  ----------  ----------  ----------  ----------

CASH FLOWS FROM
 FINANCING
 ACTIVITIES:
Principal
 payments on
 long-term debt
 and capital
 lease
 obligations           (115)       (665)     (1,576)       (780)     (3,140)
Excess tax
 benefit on
 equity-based
 compensation
 plans                    -           -         204           -       2,155
Net cash
 received in
 settlement
 (paid in
 advance for)
 stock
 repurchase
 contracts                -           -      51,005           -     (23,995)
Treasury stock
 purchases         (355,010)   (355,079)    (20,642)   (710,089)    (92,695)
Reissuances of
 treasury stock
 related to
 employee stock
 purchase plan            -       9,925           -       9,925       8,858
Proceeds from
 issuance of
 common stock         6,583         951       1,311       7,534       1,475
                 ----------  ----------  ----------  ----------  ----------
    Net cash
     used for
     financing
     activities    (348,542)   (344,868)     30,302    (693,410)   (107,342)
                 ----------  ----------  ----------  ----------  ----------
Effect of
 exchange rate
 changes on cash      4,236       2,777      (1,147)      7,013      (2,243)
Net increase
 (decrease) in
 cash and cash
 equivalents       (221,277)   (153,286)    167,610    (374,563)     14,796
Cash and cash
 equivalents at
 beginning of
 period           1,411,466   1,564,752   1,339,318   1,564,752   1,492,132
                 ----------  ----------  ----------  ----------  ----------
Cash and cash
 equivalents at
 end of period   $1,190,189  $1,411,466  $1,506,928  $1,190,189  $1,506,928
                 ==========  ==========  ==========  ==========  ==========



       Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income
                   (in thousands, except per share data)
                                (unaudited)

                                                Three Months   Three Months
                                                   Ended          Ended
                                               -------------  -------------
                                                December 23,  September 23,
                                                    2012           2012
                                               -------------  -------------
U.S. GAAP net income                           $       6,408  $       2,768
Pre-tax non-GAAP items:
  Costs associated with rationalization of
   certain product configurations - cost of
   goods sold                                         17,434          3,210
  Amortization related to intangible assets
   acquired in Novellus transaction - cost of
   goods sold                                         20,745         20,715
  Acquisition-related inventory fair value
   impact - cost of goods sold                        26,882         43,842
  Integration costs - cost of goods sold                   -            694
  Integration costs - operating expenses               8,971         13,500
  Amortization related to intangible assets
   acquired in Novellus transaction -
   operating expenses                                 19,438         19,418
  Restructuring charges - operating expenses           1,021              -
  Costs associated with rationalization of
   certain product configurations - operating
   expenses                                              443              -
  Amortization of convertible note discount,
   Lam notes - other income (expense), net             6,992          6,910
  Amortization of convertible note discount,
   Novellus assumed notes - other income
   (expense), net                                        821            842
Net tax benefit on non-GAAP items                    (14,883)       (14,886)
Net tax benefit on successful resolution of
 certain tax matters                                 (16,994)             -
                                               -------------  -------------
Non-GAAP net income                            $      77,278  $      97,013
                                               =============  =============
Non-GAAP net income per diluted share          $        0.45  $        0.53
                                               =============  =============
Number of shares used for diluted per share
 calculation                                         173,027        181,926



 Reconciliation of U.S. GAAP Gross Margin, Operating Expenses and Operating
  Income to Non-GAAP Gross Margin, Operating Expenses and Operating Income
                     (in thousands, except percentages)
                                (unaudited)

                                                Three Months   Three Months
                                                   Ended          Ended
                                               -------------  -------------
                                               December 23,   September 23,
                                                    2012           2012
                                               -------------  -------------
U.S. GAAP gross margin                         $     315,414  $     333,886
Pre-tax non-GAAP items:
  Costs associated with rationalization of
   certain product configurations - cost of
   goods sold                                         17,434          3,210
  Amortization related to intangible assets
   acquired in Novellus transaction - cost of
   goods sold                                         20,745         20,715
  Acquisition-related inventory fair value
   impact - cost of goods sold                        26,882         43,842
  Integration costs - cost of goods sold                   -            694
                                               -------------  -------------
Non-GAAP gross margin                          $     380,475  $     402,347
                                               =============  =============
U.S. GAAP gross margin as a percentage of
 revenue                                                36.6%          36.8%
Non-GAAP gross margin as a percentage of
 revenue                                                44.2%          44.4%
U.S. GAAP operating expenses                   $     311,372  $     317,174
Pre-tax non-GAAP items:
  Integration costs - operating expenses              (8,971)       (13,500)
  Amortization related to intangible assets
   acquired in Novellus transaction -
   operating expenses                                (19,438)       (19,418)
  Restructuring charges - operating expenses          (1,021)             -
  Costs associated with rationalization of
   certain product configurations - operating
   expenses                                             (443)             -
                                               -------------  -------------
Non-GAAP operating expenses                    $     281,499  $     284,256
                                               =============  =============
Non-GAAP operating income                      $      98,976  $     118,091
                                               =============  =============
Non-GAAP operating margin as a percent of
 revenue                                                11.5%          13.0%


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
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th 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 and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
19th Cloud Expo, taking place November 1-3, 2016, 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 enterpri...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.