Click here to close now.

Welcome!

.NET Authors: Esmeralda Swartz, Kyle Samani, Jayaram Krishnaswamy, Adine Deford, Peter Silva

News Feed Item

STATS ChipPAC Reports Fourth Quarter and Full Year 2012 Results

SINGAPORE--31 JANUARY 2013, UNITED STATES -- (Marketwire) -- 01/31/13 -- STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP) (SGX: S24), a leading provider of advanced semiconductor packaging and test services, today announced results for the fourth quarter and full year 2012.

Tan Lay Koon, President and Chief Executive Officer of STATS ChipPAC, said, "We ended the year 2012 on a strong note with record revenue of $480.4 million in the fourth quarter of 2012, an increase of 17.6% over the prior quarter and 12.6% over the fourth quarter of 2011. Fourth quarter 2012 revenue reflected strong demand in advanced packaging and test services for high end smartphones and tablets and the benefit of an extra week in the quarter. Revenue for the full year 2012 of $1.7 billion was flat to the prior year."

Gross margin for the fourth quarter of 2012 improved to 18.3% compared to 16.0% in the third quarter of 2012 and 16.9% in the fourth quarter of 2011. Operating margin before goodwill and equipment impairment and flood related income (expenses) for the fourth quarter of 2012, including litigation settlement charges announced on 29 January 2013, decreased to 4.4% of revenue compared to 6.5% in the third quarter of 2012 and 6.6% in the fourth quarter of 2011.

Net income(1) for the fourth quarter of 2012 was $1.7 million compared to net income of $3.2 million in the third quarter of 2012 and net loss of $46.0 million in the fourth quarter of 2011. Net income(1) for the full year 2012, including litigation settlement charges(2), was $16.6 million compared to net loss of $2.5 million in the full year 2011. Excluding the litigation settlement charges(2), the net income for the fourth quarter and full year 2012 were $23.7 million and $38.6 million, respectively.

John Lau, Chief Financial Officer of STATS ChipPAC, said, "Gross margin for the full year 2012 was 16.9% compared to 17.0% in the full year 2011. Our adjusted EBITDA(3) including litigation settlement charges(2), in the fourth quarter and full year 2012 was $100.1 million and $408.9 million or 20.8% and 24.0% of revenue, respectively, compared to $85.2 million and $406.6 million or 20.0% and 23.8% in the fourth quarter and full year 2011, respectively. Excluding the litigation settlement charges(2), adjusted EBITDA in the fourth quarter and full year 2012 was $122.1 million and $430.9 million or 25.4% and 25.3% of revenue, respectively. Capital spending in the fourth quarter and full year 2012 was $55.2 million and $409.9 million or 11.5% and 24.1% of revenue, respectively, compared to $53.2 million and $304.2 million or 12.5% and 17.8% of revenue in the fourth quarter and full year 2011. We ended the fourth quarter of 2012 with cash, cash equivalents and marketable securities of $210.2 million and debt of $843.3 million compared to $238.1 million and $810.3 million as of the end of fourth quarter of 2011, respectively."

Outlook
Tan Lay Koon commented, "Based on current visibility, we expect net revenues in the first quarter of 2013 to be approximately 13% to 19% decrease compared to the prior quarter, with adjusted EBITDA(3) in the range of 20% to 25% of revenue. Compared to the prior quarter, the revenue outlook for first quarter of 2013 is impacted by seasonality and excludes the benefit of an extra week. We expect capital expenditure(4) in the first quarter of 2013 to be approximately $80 million to $100 million."

The outlook for the first quarter of 2013 is based on a fiscal 13-week quarter and is subject to a number of risks and uncertainties that could cause actual events or results to differ materially from those disclosed in the outlook statements. These statements are based on our management's beliefs and assumptions, which involve judgments about future trends, events and conditions, all of which are subject to change and many of which are beyond our control. Please refer to our Financial Statements for the three and twelve months ended 30 December 2012 filed with the Singapore Exchange Securities Trading Limited ("SGX-ST") for the major assumptions made in preparing our outlook for the first quarter of 2013. Investors should consider these assumptions and make their own assessment of the future performance of STATS ChipPAC and note that there may not be a direct correlation between the net income of the Company with adjusted EBITDA as a percentage of revenue.

Investor Conference Call / Live Audio Webcast Details
A conference call has been scheduled for 8:00 a.m. in Singapore on Friday, 1 February 2013. During the call, time will be set-aside for analysts and investors to ask questions of executive officers.

The call may be accessed by dialing +65-6723-9381. A live audio webcast of the conference call will be available on STATS ChipPAC's website at www.statschippac.com. A replay of the call will be available 2 hours after the live call through 16 February 2013 at www.statschippac.com and by telephone at 800-616-2305. The conference ID number to access the conference call and replay is 86638473.

(1) The net income in the fourth quarter and the full year 2012 included interest expense of $12.1 million and $45.7 million, respectively, and the net loss in the fourth quarter and full year 2011 included interest expense of $11.2 million and $44.8 million, respectively, from our $600.0 million Senior Notes due 2015 which were issued to fund our capital reduction in 2010.
(2) Litigation settlement charges are recorded based on the discounted value of the scheduled payments.
(3) Adjusted EBITDA is not required by, or presented in accordance with, Singapore Financial Reporting Standards ("FRS"). We define adjusted EBITDA as net income attributable to STATS ChipPAC Ltd. plus income tax expense, interest expense, net, depreciation and amortisation, restructuring charges, share-based compensation, goodwill and equipment impairment, tender offer expenses and write-off of debt issuance cost. We present adjusted EBITDA as a supplemental measure of our performance. Management believes the non-FRS financial measure is useful to investors in enabling them to perform additional analysis.
(4) Capital expenditure refers to acquisitions of production equipment, asset upgrades and infrastructure investments.

Forward-looking Statements

Certain statements in this release are forward-looking statements, including our outlook for the first quarter of 2013, that involve a number of risks and uncertainties that could cause actual results to differ materially from those described in this release. Factors that could cause actual results to differ include, but are not limited to, the amount of recovery from the business interruption insurance claim due to flooding of the Thailand plant; shortages in supply of key components and disruption in supply chain; general business and economic conditions and the state of the semiconductor industry; prevailing market conditions; demand for end-use applications products such as communications equipment, consumer and multi-applications and personal computers; decisions by customers to discontinue outsourcing of test and packaging services; level of competition; our reliance on a small group of principal customers; our continued success in technological innovations; pricing pressures, including declines in average selling prices; intellectual property rights disputes and litigation; our ability to control operating expenses; our substantial level of indebtedness and access to credit markets; potential impairment charges; availability of financing; changes in our product mix; our capacity utilisation; delays in acquiring or installing new equipment; limitations imposed by our financing arrangements which may limit our ability to maintain and grow our business; returns from research and development investments; changes in customer order patterns; customer credit risks; disruption of our operations; loss of key management or other personnel; defects or malfunctions in our testing equipment or packages; rescheduling or cancelling of customer orders; adverse tax and other financial consequences if the taxing authorities do not agree with our interpretation of the applicable tax laws; classification of our Company as a passive foreign investment company; our ability to develop and protect our intellectual property; changes in environmental laws and regulations; exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; majority ownership by Temasek Holdings (Private) Limited ("Temasek") that may result in conflicting interests with Temasek and our affiliates; unsuccessful acquisitions and investments in other companies and businesses; labour union problems in South Korea; uncertainties of conducting business in China and changes in laws, currency policy and political instability in other countries in Asia; natural calamities and disasters, including outbreaks of epidemics and communicable diseases; the continued trading and listing of our ordinary shares on the Singapore Exchange Securities Trading Limited ("SGX-ST"). You should not unduly rely on such statements. We do not intend, and do not assume any obligation, to update any forward-looking statements to reflect subsequent events or circumstances.

Basis of Preparation of Results

The financial statements included in this release have been prepared in accordance with the Singapore Financial Reporting Standards ("FRS").

Our 52-53 week fiscal year ends on the Sunday nearest and prior to 31 December. Our fiscal quarters end on a Sunday and our 14-week fourth quarter of 2012 and 53-week year 2012 ended on 30 December 2012, while our 13-week third quarter of 2012, fourth quarter of 2011 and 52-week year 2011 ended on 23 September 2012, 25 December 2011 and 25 December 2011, respectively. Our 13-week first quarter of 2013 will end on 31 March 2013. References to "$" are to the lawful currency of the United States of America.

Commencing with the third quarter of 2012, we are reporting net revenues by the advanced packaging, wirebond packaging and test product lines to align with our business focus. We have similarly disclosed net revenues by advanced packaging, wirebond packaging and test for the comparative quarters. We have previously reported net revenues by packaging-laminate, packaging-leaded, test and wafer level processing and other services.

About STATS ChipPAC Ltd.

STATS ChipPAC Ltd. is a leading service provider of semiconductor packaging design, assembly, test and distribution solutions in diverse end market applications including communications, digital consumer and computing. With global headquarters in Singapore, STATS ChipPAC has design, research and development, manufacturing or customer support offices throughout Asia, the United States and Europe. STATS ChipPAC is listed on the SGX-ST. Further information is available at www.statschippac.com. Information contained in this website does not constitute a part of this release.



                             STATS ChipPAC Ltd.
                        Consolidated Income Statement
                                 (Unaudited)

                            Three Months Ended        Twelve Months Ended
                         ------------------------  ------------------------
                         30 December  25 December  30 December  25 December
                          2012 $'000   2011 $'000   2012 $'000   2011 $'000
                         -----------  -----------  -----------  -----------
Net revenues                 480,357      426,711    1,701,549    1,706,500
Cost of revenues            (392,370)    (354,683)  (1,414,045)  (1,416,833)
                         -----------  -----------  -----------  -----------
Gross profit                  87,987       72,028      287,504      289,667

Operating expenses:
  Selling, general and
   administrative*            47,247       30,427      122,958      105,541
  Research and
   development                14,978       13,556       51,722       52,962
  Restructuring charges        4,602            -        5,715            -
  Write-off of debt
   issuance costs                  -            -            -        7,593
                         -----------  -----------  -----------  -----------
    Operating expenses        66,827       43,983      180,395      166,096
                         -----------  -----------  -----------  -----------

Goodwill impairment                -            -       24,100            -
Equipment impairment               -            -        3,819            -
                         -----------  -----------  -----------  -----------
Total operating expenses      66,827       43,983      208,314      166,096
                         -----------  -----------  -----------  -----------

Operating income before
 flood related income
 (expenses)                   21,160       28,045       79,190      123,571
  Property damage
   insurance settlement            -            -       26,741            -
  Flood related plan
   charges **                   (837)     (55,504)     (10,061)     (55,504)
                         -----------  -----------  -----------  -----------
Operating income (loss)
 after flood related
 income (expenses)            20,323      (27,459)      95,870       68,067
                         -----------  -----------  -----------  -----------

Other income (expenses),
 net:
  Interest income                358          762        1,518        1,912
  Interest expense           (15,806)     (14,707)     (59,829)     (59,772)
  Foreign currency
   exchange gain                 357          549          583        3,086
  Share of loss of
   associate                       -         (894)        (739)      (1,045)
  Other non-operating
   income, net                   151           28          477          168
                         -----------  -----------  -----------  -----------
    Total other
     expenses, net           (14,940)     (14,262)     (57,990)     (55,651)
                         -----------  -----------  -----------  -----------

Income (loss) before
 income taxes                  5,383      (41,721)      37,880       12,416
Income tax expense            (2,070)      (3,419)     (14,023)     (10,594)
                         -----------  -----------  -----------  -----------
Net income (loss)              3,313      (45,140)      23,857        1,822
Less: Net income
 attributable to the
 non-controlling
 interest                     (1,620)        (852)      (7,294)      (4,324)
                         -----------  -----------  -----------  -----------
Net income (loss)
 attributable to STATS
 ChipPAC Ltd.                  1,693      (45,992)      16,563       (2,502)
                         ===========  ===========  ===========  ===========

Net income (loss) per
 ordinary share
 attributable to STATS
 ChipPAC Ltd.:
  Basic                  $      0.00  $     (0.02) $      0.01  $     (0.00)
  Diluted                $      0.00  $     (0.02) $      0.01  $     (0.00)

Ordinary shares (in
 thousands) used in per
 ordinary share
 calculation:
  Basic                    2,202,218    2,202,218    2,202,218    2,202,218
  Diluted                  2,202,218    2,202,218    2,202,220    2,202,218

Key Ratios and
 Information:
Gross Margin                    18.3%        16.9%        16.9%        17.0%
Operating Expenses as a
 % of Revenue                   13.9%        10.3%        10.6%         9.7%
Operating Margin before
 impairment expenses and
 flood related income
 (expenses)                      4.4%         6.6%         6.3%         7.3%
Depreciation &
 Amortisation, including
 Amortisation of Debt
 Issuance Costs               76,938       73,679      289,207      295,498
Capital Expenditures          55,244       53,240      409,949      304,231

* Selling, general and administrative expenses in the fourth quarter and full year 2012 included litigation settlement charges recorded based on the discounted value of the scheduled payments.
** Flood related plan charges of $0.8 million in the fourth quarter of 2012 and $10.1 million in the full year of 2012 primarily relate to depreciation on suspended production operations and labour and other expenses to support production shift from the Thailand plant to other manufacturing locations of STATS ChipPAC.




                             STATS ChipPAC Ltd.
                Consolidated Statement of Financial Position
                                (Unaudited)

                                                   30 December  25 December
                                                       2012         2011
                                                      $'000        $'000
                                                   -----------  -----------
ASSETS
Current assets:
  Cash and cash equivalents                            170,558      194,811
  Financial assets, available-for-sale                  39,601       43,249
  Accounts receivable, net                             258,043      223,082
  Other receivables                                     20,726       13,879
  Inventories                                           90,203       89,434
  Short-term restricted cash                                 -           58
  Prepaid expenses and other current assets             24,559       19,071
                                                   -----------  -----------
    Total current assets                               603,690      583,584
Non-current assets:
  Property, plant and equipment, net                 1,242,950    1,123,061
  Investment in associate                                    -        8,407
  Intangible assets                                     36,361       37,179
  Goodwill                                             381,487      405,587
  Long-term restricted cash                                489          410
  Prepaid expenses and other non-current assets          3,299        5,550
                                                   -----------  -----------
    Total non-current assets                         1,664,586    1,580,194
                                                   -----------  -----------
Total assets                                         2,268,276    2,163,778
                                                   ===========  ===========

LIABILITIES
Current liabilities:
  Accounts and other payables                          164,301      132,852
  Payables related to property, plant and
   equipment purchases                                  42,746       19,864
  Accrued operating expenses                           113,476      150,342
  Income taxes payable                                  13,155       13,344
  Short-term borrowings                                 50,690       20,000
  Short-term amounts due to related parties                 28           28
                                                   -----------  -----------
    Total current liabilities                          384,396      336,430
Non-current liabilities:
  Long-term borrowings                                 792,609      790,339
  Deferred tax liabilities                              47,141       49,509
  Other non-current liabilities                         21,532        1,805
                                                   -----------  -----------
    Total non-current liabilities                      861,282      841,653
                                                   -----------  -----------
Total liabilities                                    1,245,678    1,178,083
                                                   -----------  -----------

EQUITY
  Share capital                                        873,666      873,666
  Retained earnings                                     98,971       82,408
  Other reserves                                        (1,828)     (17,981)
                                                   -----------  -----------
    Equity attributable to equity holders of STATS
     ChipPAC Ltd.                                      970,809      938,093
  Non-controlling interest                              51,789       47,602
                                                   -----------  -----------
  Total equity                                       1,022,598      985,695
                                                   -----------  -----------
  Total liabilities and equity                       2,268,276    2,163,778
                                                   ===========  ===========



                             STATS ChipPAC Ltd.
                       Other Supplemental Information
                                (Unaudited)


                                             4Q 2012   3Q 2012   4Q 2011
   Net Revenues by Product Line
   Advanced Packaging (#)                       51.2%     41.3%     42.1%
   Wirebond Packaging                           27.9%     39.0%     38.4%
   Test                                         20.9%     19.7%     19.5%
                                            --------  --------  --------
                                               100.0%    100.0%    100.0%
                                            ========  ========  ========
   Net Revenues by End User Market
   Communications                               75.8%     70.8%     67.1%
   Personal Computers                            6.0%      8.6%      9.4%
   Consumer, Multi-applications and Others      18.2%     20.6%     23.5%
                                            --------  --------  --------
                                               100.0%    100.0%    100.0%
                                            ========  ========  ========
   Net Revenues by Region
   United States of America                     70.0%     65.5%     68.6%
   Asia                                         15.9%     18.6%     18.8%
   Europe                                       14.1%     15.9%     12.6%
                                            --------  --------  --------
                                               100.0%    100.0%    100.0%
                                            ========  ========  ========

   Number of Testers                             950       959       975
   Number of Wirebonders                       4,352     4,193     4,734

   Overall Equipment Utilisation Rate             78%       75%       76%

(#) Advanced Packaging includes flip-chip and wafer level packaging.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Investor Relations Contact:
Tham Kah Locke
Vice President of Corporate Finance
Tel: (65) 6824 7788
Fax: (65) 6720 7826
email: Email Contact

Media Contact:
Lisa Lavin
Deputy Director of Marketing Communications
Tel: (208) 867-9859
email: Email Contact

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
Cloud is not a commodity. And no matter what you call it, computing doesn’t come out of the sky. It comes from physical hardware inside brick and mortar facilities connected by hundreds of miles of networking cable. And no two clouds are built the same way. SoftLayer gives you the highest performing cloud infrastructure available. One platform that takes data centers around the world that are full of the widest range of cloud computing options, and then integrates and automates everything. Join SoftLayer on June 9 at 16th Cloud Expo to learn about IBM Cloud's SoftLayer platform, explore se...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - 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 CommVault has been named “Bronze 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, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and sim...
SYS-CON Media announced today that 9 out of 10 " most read" DevOps articles are published by @DevOpsSummit Blog. Launched in October 2014, @DevOpsSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. 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 development cycles that produce softw...
The list of ‘new paradigm’ technologies that now surrounds us appears to be at an all time high. From cloud computing and Big Data analytics to Bring Your Own Device (BYOD) and the Internet of Things (IoT), today we have to deal with what the industry likes to call ‘paradigm shifts’ at every level of IT. This is disruption; of course, we understand that – change is almost always disruptive.
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
SYS-CON Events announced today that Site24x7, the cloud infrastructure monitoring service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Site24x7 is a cloud infrastructure monitoring service that helps monitor the uptime and performance of websites, online applications, servers, mobile websites and custom APIs. The monitoring is done from 50+ locations across the world and from various wireless carriers, thus providing a global perspective of the end-user experience. Site24x7 supports monitoring H...
After making a doctor’s appointment via your mobile device, you receive a calendar invite. The day of your appointment, you get a reminder with the doctor’s location and contact information. As you enter the doctor’s exam room, the medical team is equipped with the latest tablet containing your medical history – he or she makes real time updates to your medical file. At the end of your visit, you receive an electronic prescription to your preferred pharmacy and can schedule your next appointment.
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the M2M space. This really allows some room for influential individuals to create more high value inter...
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microservices, and more.
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabilities include HD voice, video, multimedia messaging, mobility, conferencing, Web collaboration, deskt...
The Open Compute Project is a collective effort by Facebook and a number of players in the datacenter industry to bring lessons learned from the social media giant's giant IT deployment to the rest of the world. Datacenters account for 3% of global electricity consumption – about the same as all of Switzerland or the Czech Republic -- according to people I met at the recent Open Compute Summit in San Jose. With increasing mobility at the edge of the cloud and vast new dataflows being predicted with the growth of the Internet of Things (and The Coming Age of Many Zettabytes) in the near...
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold 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. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborate. Cisco and our partners are building the platform for the Internet of Everything by connecting the...
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionality and provide short-term introductory projects that developers can complete between sessions.
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.