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In Business:
- Cisco to Buy Internet of Things Firm Jasper for $1.4 Billion
- Jasper Technologies Inc. is a startup that connects devices like cars and medical devices to the Internet
- This is Cisco’s largest acquisition since 2013 when it acquired security company Sourcefire for $2.7 billion
- Jasper connects devices like cars, jet engines and pacemakers to the Internet and also makes a software platform that helps monitor these devices once they are online
- Cisco, which has acquired dozens of smaller companies over the years, is shifting its business towards high-end switches and routers and investing in new products such as data analytics software and cloud-based tools for data centers
- In March 2015, another big legacy company, IBM, said it would invest $3 billion over the next four years to help companies track the data from sensor-equipped devices and smartphones
- IBM calls its initiative the IoT Foundation. Other competitors in the space include GE and Microsoft
- HTC Cards $101M Loss In Q4 2015, Its Third Successive Quarter In The Red
- Nearly 20 percent quarter-on-quarter but down a massive 46 percent year-on-year
- HTC implemented a series of restructuring initiatives in the latter part of 2015, which included laying off 15 percent of staff
- HTC is putting a lot of emphasis on virtual reality (including its upcoming Vive product) and the Internet of things
- Lenovo posts profit gain despite slowing PC sales, smartphone growth
- Lenovo said net profit for the three months ended December 31 was $300 million, a 19 percent increase year-on-year and higher than the average estimate
- Lenovo has suffered from a decline in global demand for PCs, which account for around a third of its revenue despite its efforts to diversify into other sectors, including the smartphone market
- It bought Motorola from Google for $2.9 billion in October of 2014, soon after its purchase of IBM’s low-end server business as part of its strategy of broadening beyond PCs
- Apple Ordered to Pay $625 Million in Patent Dispute With VirnetX
- For using the patent licensing company's Internet security technology without permission in its FaceTime and iMessage features
- In May 2010, VirnetX won a $200 million (roughly Rs. 1,357 crores) settlement from Microsoft Corp over the VPN technology
- India moves ahead of the US to become second largest smartphone market: Report
- India surged ahead of US in terms of active unique smartphone user base in the world with the base crossing 220 million users
- Smartphone shipments in the country grew 23.3 percent to touch 100 million units during 2015, compared to 81.1 million devices in the previous year
- India still has a long way to go as the smartphone penetration of the total potential population is still below 30 percent
- In terms of the total market (smartphones and feature phones), Samsung again led the tally with 23.6 percent share, followed by Micromax (13.7 percent), Intex (13 percent), Lava (12.6 percent) and Lenovo (4.8 percent)
In Technology:
- Microsoft Shows Off Possible Future of Football Viewing With HoloLens
- Microsoft showed off its HoloLens technology at the Super Bowl this week as the company tries to redefine the experience of watching NFL football at home
- With 3D capable cameras spread around the entire stadium, plays were able to be brought to your coffee table with the press of a button on your phone or the movement of your hands
- All 3D forms of the 22 players were lined up and viewers could walk around the table to see different angles, pause the video or zoom in to certain parts of the field
- The NFL has worked closely with Microsoft as its technology partner in developing the prototype showed off this week
Picture Credit: Microsoft- While the 3D view was the most eye-opening part of the demo, the HoloLens also allows for views of the telecast to expand from the confines of a television screen to fill an entire wall, allowing all 22 players to be seen at once
Know a Face!
Abid Ali Neemuchwala, CEO, Wipro
Worked for 23 years at TCS before jumping to Wipro.
Abid is passionate about service and diversity and volunteers in the community and at Wipro Cares. He also enjoys travelling, Indian music, reading fiction, and playing golf.
Photo Credits: Business Standard
Learn Something New
The Original Thought Theory
The "Original Thought Theory" states that – “Anything anyone can ever say, has already been said by someone else!”
Meaning me telling you this was already told by someone to someone in the past! Whoa!
Did You Know!
Dr. Barry Marshall believed that H. Pylori bacteria caused stomach ulcers, but no one would believe him. Since it was illegal to test his theory on humans, he drank the bacteria himself, developed stomach ulcers within days, treated them with antibiotics and went on to win a Nobel Prize!
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