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Bitcoin Trading Sites 2017 - Where to Trade Now
Bitcoin News: Positive Bitcoin Price Forecasts Paint a Rosy Future for the Popular Cryptocurrency.The Scaling Debate Weighs on the price of Bitcoin Over the past 3 weeks,.
Bitcoin Price Prediction Tool: Amazingly AccurateNot because of any dark-web drug-dealing or Russian ponzi scheme, but for an.How NOT to forecast a bitcoin price Most readers would turn to the cryptocurrency blogosphere where they will read ultra-bullish bitcoin price forecasts for 2017 similar to this one from Coindesk.
But what I can predict is merchant adoption will go viral in the next 12 months.This question was originally answered on Quora by Henry Berg.Bitcoin under pressure as the markets face more negative news, with gains from earlier in the day beginning to reverse, as attempts to stop the rot stall.
The cost of a single Bitcoin rose above the cost of an ounce of gold for the first time on Thursday.While some ask about when will bitcoin crash this is expert expects a jump.I have no business relationship with any company whose stock is mentioned in this article.
This article compiles views of different industry experts and entrepreneurs and puts forth a prediction for the bitcoin price in 2016.
Record highs predicted for bitcoin in 2016 as new supplyAnother effective way to forecast Bitcoin price is to conduct extensive technical analysis.
Bitcoin Price Forecast 2017: China, India And The FutureMany hedge funds are putting more and more pressure in the market.We had mentioned in our news section yesterday that the regulatory authorities in China have banned ICOs and this has led to a huge drop in almost all.This would account for the 3,483 percent rise from the recent record in Bitcoin price.
Lee, one of the most bearish stock strategists on Wall Street, is feeling a lot more optimistic about the prospects for bitcoin.The cryptocurrency could.After years of volatility, the Bitcoin price forecast is finally on an upward trek through 2017 and beyond.Traditional financial media, on the other hand, have their classic story telling format.Cryptography consultant Richelle Ross issues her prediction for how the bitcoin price will fare in 2016.
While some ask about when will bitcoin crash and wonder about Bitcoin price forecast, some analysts are very optimistic.Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money.Bitcoin prices do not seem to have a care in the world as of now as they continued to move higher despite the strength in the dollar that has been seen in.
Bitcoin price forecast 2017 - ECONOMICS / SPECULATION
Bitcoin Price Forecast – How to Make Money with Bitcoin
Bitcoin Price | BTC USD | Chart | Bitcoin US-Dollar
Bitcoin price forecast: Bitcoin will recover from China
2015 Bitcoin Forecast: Industry Insiders Predict What’sThat results in a bullish bitcoin price forecast for 2017 and beyond.After multiple requests from readers to analyze other altcoins other than Ethereum and Bitcoin, we felt it was time to write our Litecoin price forecast.
Bitcoin Launches SegWit, Max Keiser Raises ‘Interim’ Price
Most Bitcoin ATMs, as of July 2016, were located in the United States (345) and Canada (108).
Ethereum price forecast: will Ethereum crash? | AtoZForexSeveral readers requested us to provide our bitcoin price forecast for 2017.
Check for free value of bitcoin on a graph and read about the latest trends and.In the last 24 hours, Litecoin prices jumped nearly 5.76% against the U.S. dollar and roughly 2.57% against Bitcoin.
Ripple Price Forecast and Analysis – September 11, 2017Litecoin price Forecast within the final 24 hours,. in the meantime, Bitcoin dominance is at forty seven.five%, beneath the crucial benchmark of 50%.Bitcoin is a decentralized computerized cash that, when mined from the first source code, can be utilized to make grinding less installments.
Bitcoin and Ethereum Price Forecast - virtualmining.comUnlike traditional currencies such as dollars, bitcoins are issued and.
Is The Price Of Bitcoin Going To Bounce Back? - ForbesAccording to Statista, bitcoin usage keeps on growing as seen by the number of Bitcoin ATMs, which increased from 538 in January 2016 to 838 by November.
Bitcoin price forecast 2017 | Dash Forum
Litecoin, Bitcoin Price Analysis: Price Next Move ForecastVan-Petersen believes that all cryptocurrencies will account for the 10 percent of the average daily volumes (ADV) of the fiat currency trade in 10 years.I wrote this article myself, and it expresses my own opinions.
This bitcoin price forecast for 2017 originally appeared on InvestingHaven.com.Aggregating Bitcoin price predictions for 2016 shows a bullish forecast from analysts, commentators and users.Following on this, Bitcoin has a restricted supply of 21 million. Mr. Van-Petersen expects the market to reach this number by 2140.


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Genesis G90 Receives Good Design Award; Look to Venture Out on Their Own
Hyundai’s luxury sub-brand, Genesis, has been having quite a good time of things as of late. That is to say, the luxury Genesis G90 model was recently recognized by the good folks over at the Chicago Athenaeum: Museum of Architecture and Design by being the recipient of their Good Design Award. This being the case, the Genesis sub-brand is looking to expand its business over the next decade or so.
Genesis has now launched as a stand-alone sub-brand of Hyundai. “It’s a bit confusing because the cars were sold as Hyundai Genesis for a while,” notes Jeremy Acevedo, analysis over at edmunds.com. “They will initially be sold in sectioned-off areas of Hyundai showrooms. Separate dealerships will likely come later.” It is very likely that, by this point, Genesis will have its own separate lineup from Hyundai, and the G90’s award is a good start for the sub-brand. “Genesis is only the second luxury brand to launch in the 21st century, and we believe this is an opportunity to redefine what luxury means for modern-day consumers,” says Genesis USA General Manager Erwin Raphael.
All in all, the sub-brand is looking to have a fully functioning fleet by the next decade. “We have dedicated design and engineering resources for Genesis and a diverse product plan through 2021,” Raphael notes. “We are looking forward to the G70 newer-luxury sedan, mid-luxury SUV, near-luxury sport coupe, and entry luxury SUV in the next few years. Hyundai is 100 percent committed to establishing the Genesis brand long-term.”
Of course, this is all with the help of the good folks over at Hyundai. “As a brand,” Acevedo continues, “Hyundai vehicles were running across the spectrum from Accent to Equus. Hyundai has people who have read the situation and think Genesis will be a fruitful venture. Their challenge will be overcoming the loyalty of luxury buyers who return to the same brands in a leasing culture. They have an uphill battle, but if they stick it out [and] bring crossovers quickly, I wouldn’t bet against them.”
All in all, the Genesis sub-brand is an affordable option for anyone looking to dip their toes in the luxury market.
As is always the case, keep checking back in here with us over at Rosen Genesis with regard to all your Hyundai news and information. Too, while you are at it, why not stop by and sign up to test drive one of our many new lot vehicles? We can promise to do everything in our power to help find the perfect vehicle for you!

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Samoan small business owner remains positive despite Melbourne's COVID-19 restrictions
By Tahlea Aualiitia on Pacific Beat
Hibiscus Pacific Goods is a small island takeaway shop here in Melbourne's Cranbourne West.
It was started by a Samoan couple after their side hustle of selling pork buns in their home garage went gangbusters.
The shop sells all kinds of Pacific comfort foods for the Melbourne community including turkey-tail, salted beef, sweet and sour pork and taro leaves.
The business opened in June 2020 in the midst of the global pandemic and new business restrictions announced by the Victorian State Government are putting further pressure on the business.
However, despite all this new business owner Vaa and Rebecca Sitagata are keeping positive and thankful.
Mr Sitagata spoke to ABC's Tahlea Aualiitia.


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The average Microsoft Business Development Manager salary is $138,963 a year. This is 143% higher than the national average. This figure is based on 3 data points: employees’ compensation data, user feedback, and past job ads on Indeed. The figures are an approximation and should be verified with the employer.
The company’s recent acquisitions have added some additional cash to the coffers. The company has announced plans to acquire ZeniMax Media and Bethesda Softworks, which is behind games like Fallout and The Elder Scrolls. However, Microsoft lost its bid to purchase TikTok, which was dogged by geopolitical tensions and a potential ban by the US government. In the end, TikTok’s parent company ByteDance decided to make Walmart and Oracle minority investors instead.
Microsoft offers a competitive salary package and a range of benefits and compensation packages. Approximately 400 employees in various departments across the company have shared their salary ranges in a Google spreadsheet and private Facebook group. A Business Development Manager salary at Microsoft can range from $40,000 to over $320,000. These are just some of the benefits that come with this job title.
As a general rule, Business Development Manager salary increases with experience. A newer Business Development Manager can expect to make a salary of 40 773,99 EUR, while a veteran can expect to earn up to 65 188,00 EUR. For a Business Development Manager with five years of experience, the average salary increases to 52 400,00 EUR.
In the United States, a Business Development Manager can expect to make an annual salary of $105,849 – $130,085 or more. However, the salary range may vary depending on location, experience, skills, and employer. In addition, there may be bonuses, commissions, and stock options. This is a high-level job that requires excellent communication skills and a passion for finding new business opportunities.
Apple and Google are both on the buying spree lately. The company has recently purchased virtual reality startup Spaces, and is relying heavily on its business development team to develop next-generation technologies. In addition, Dell is considering spinning off VMware, which it acquired through a merger with EMC in 2015. The company is valued at $100 billion, according to analysts at Futurum Research.


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WICHITA — The more than 40-year-old coffee roaster that used to be the Spice Merchant’s mainstay is back in the store, which is on East Douglas about four blocks east of Washington.
“They could never really get a buyer,” Boewe says.
So he had the company refurbish and modernize it so he could use it as a backup at the store.
Boewe says his new roaster had an issue once, and he had to go a week and a half without it.
“We prevailed on a friend of ours in Oklahoma City who’s a roaster,” he says.
Boewe says he’d prefer to have his own backup because the new roaster has so many intricate parts.
“If one little part of that dies, you’re just dead in the water,” he says. “It could happen to anybody. It’s just a fact of life.”
The only way Boewe says a store such as his should be without a backup is if “the guy who built it lives next door to you.”
He says the refurbished roaster is at the store and waiting to be hooked up.
“We now have two beautiful red roasters on the floor.”


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Kirkcaldie & Stains [NZX: KRK], the upmarket Wellington department store, says it made a narrower loss in the latest financial year, and its board may have to write down the value of assets.
The company said its retail unit posted a pretax loss of $1.1 million in the 12 months ended Aug. 31, down from a loss of $1.8 million, a year earlier. Kirkcaldie's fixed and intangible assets for the retail business were valued at $3 million as at Aug. 31, down from $3.7 million, and may need to be impaired.
"While this is an improvement on the 2013 financial year, the current year's result will require the directors to consider whether they should recognise any impairment of the fixed assets and intangible assets associated with that part of the company's business," it said in a statement.
Earlier this month the retailer reached a deal to sell its Harbour City Centre building for $45.9 million, and plans to use the funds to recapitalise the retail business before returning any surplus to shareholders.
The retailer today said its leasing operation from the Harbour City Centre building reported a profit of $1 million, compared to a loss of $500,000 a year earlier, before any revaluation loss from the sale. Shareholders will vote on the transaction on Sept. 23 at a meeting in Wellington.
The shares dropped 10 percent to $2.05 yesterday, the lowest close since May, and have gained 7.9 percent this year. That values the retailer at $21 million.
This article is tagged with the following keywords. Find out more about MyNBR Tags
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- Fintech start-ups coy about asking for money at Wellington demo day
- MARKET CLOSE: NZ shares rise as blue-chips follow Asia's lead
- Vodafone new sponsor for All Blacks and NZ Rugby
- Dotcom's Seth Rich claim earns him a chance to appear on Sean Hannity's show
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- NBR Radio: best of the week ended May 19, with Grant Walker


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RIO GRANDE VALLEY - The Brownsville and McAllen area saw an increase in home sales of 2 percent and 7 percent, respectively, in 2012 after a down year in 2011.
Much of the Rio Grande Valley is seeing flat growth because of the large number of foreclosed homes, according to Steven Lovell, a business professor at the University of Texas-Pan American.
The area, meanwhile, has not added enough new jobs to fuel significant new home sales. Much of the increase in sales is being driven by standard population growth.
Harlingen stood out last year as the fifth-highest growth area of the state. Lovell attributed the success in the local market to both the city’s geography at the juncture of Expressways 77 and 83 and to new retail such as the 145,000-sf Bass Pro Shop.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.


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Fincantieri has signed a memorandum of agreement (MoA) with French cruise company Ponant for the design and construction of two new-generation luxury expedition cruise vessels, valued at €300m (US$332m). Ponant also took an option for one further sister ship. The contract is subject to the fulfilment of technical and financial conditions.
Fincantieri has previously built four ships for Ponant in Ancona, Italy: Le Boréal, L’Austral, Le Soléal and Le Lyrial, which were delivered in 2010, 2011, 2013 and 2015 respectively.
Vard, Fincantieri’s Norwegian subsidiary, built four Ponant Explorer-class ships in 2018 and 2019 and will deliver the last two of the series in 2020. Vard will also deliver Le Commandant Charcot – the first hybrid-electric polar exploration vessel powered with LNG – to Ponant in 2021.
The two new ships covered by the MoA, which are both due for delivery in 2022, will be built by Vard group’s production network and operated in the South Pacific by the Paul Gauguin Cruises brand, bringing the number of ships under this brand to three.
They will represent an evolution of the Ponant Explorers-class vessels and will be around 11,000 gross tons with the capacity to accommodate about 230 passengers. They will be equipped with environmental protection technology, featuring battery power that allows smokeless operation at anchor in ports and in environmentally sensitive areas. The agreement also considers further collaboration between Ponant, Fincantieri and Vard for the development of other environmentally friendly projects.
“We are delighted to continue our historic collaboration with Fincantieri,” said Jean Emmanuel Sauvée, CEO of Ponant. “This agreement for two additional ships allows us to develop the Paul Gauguin brand acquired a few weeks ago and consolidates our position as the world leader of luxury expedition cruises. For the first time in the world of cruising, these two new vessels will cut their engines and cease all emissions each day during each stop, for nearly ten hours per day. Small-capacity ships at the cutting-edge of technology and environmental preservation: this project fully matches our philosophy of sustainable tourism.”
“We cannot but welcome with great pleasure the acknowledgement of the partnership with a ship owner like Ponant for this new-generation project, strongly inspired by environmental protection, which takes us to 13 units for them,” said Giuseppe Bono, CEO at Fincantieri.


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COVID-19: CEMEX UK now making hand sanitiser
Company’s National Technical Centre produces hand sanitiser to support effort against coronavirus
CEMEX UK’s National Technical Centre in Southam, Warwickshire, is now producing hand sanitiser that can help prevent the spread of COVID-19. This means the company can ensure that enough of the product is available for all of its sites across the country, and also provides opportunities to support the local community.
So far, the team in Southam have been able to deliver to more than 60 CEMEX locations nationwide and have also donated twenty 100ml bottles to Warwickshire-based charity Myton Hospice for use by its doctors, nurses and physio staff who are working on the in-patient unit and out in the community.
Creating the hand sanitiser, which is being made to World Health Organization (WHO) specifications, was the first task of the company’s newly formed LabExperts operation.
Mike Higgins, CEMEX’s national technical manager for quality and product development and head of LabExperts, explained: ‘We are perfectly set up for creating a central supply of hand sanitiser that can help both our employees and those in the local community. While the chemistry to manufacture this important product is not complex, you do need a controlled laboratory environment with the right equipment and the ability to test every batch.
‘We have a good supply of raw materials in place and are confident we will be able to manufacture as much hand sanitiser as the business needs, while also making the most of opportunities to support the local community.
‘So far, we have supplied more than 60 of our ready-mixed concrete, aggregates and asphalt plants and paving solutions, logistics, DSM and cement operations. Our location also means we are perfectly placed to ensure a quick delivery to where the product is needed. We know how important it is to prevent the spread of the virus, so all of the team are very proud to have this opportunity to help.’
Chris Willmott, corporate fundraiser for Myton Hospice, added: ‘On behalf of myself, The Myton Hospices and our patients and their families, we would like to thank CEMEX for the donation of 20 bottles of hand sanitiser. Thanks to this gift, our nurses and frontline care teams can care for our terminally ill patients knowing they and the patients are much better protected and are doing their bit to fight the spread of COVID-19.’


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The U.S. has stepped up airstrikes in southern Afghanistan amid growing apprehension over a Taliban offensive threatening Kandahar, the country’s second-largest city and spiritual capital of the Taliban movement.
The fall of Kandahar would deal a heavy blow to the U.S.-backed government in Kabul, which is trying to impart calm to its citizens as the Taliban has seized swaths of the countryside, but so far failed to take a major city.
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60% off running shoes and apparel at Nike
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Web development and new technologies keep evolving at such a furious pace that it’s getting hard to keep up with every new tool, methodology or service that appears. So, this week, get your React and Deep Learning hats on because it’s trending and it’s your chance to learn more about them!
Around the web
Curious to see how creators will react to yet another attempt to police the service.
YouTube has announced a change to its partner program today. From now on, creators won’t be able to turn on monetization until they hit 10,000 lifetime views on their channel. YouTube believes that this threshold will give them a chance to gather enough information on a channel to know if it’s legit. And it won’t be so high as to discourage new independent creators from signing up for the service.
Well deserved “Nobel Prize of Computing”, Sir!
ACM named Sir Tim Berners-Lee (…) the recipient of the 2016 ACM A.M. Turing Award. Berners-Lee was cited for inventing the World Wide Web, the first web browser, and the fundamental protocols and algorithms allowing the Web to scale.
There are numerous bots that will get you likes and followers but this one might be the only one that is statistics and metrics driven. It’s fascinating to see the train of thought behind it.
Remember that moment we all said this would never happen?
President Trump signed legislation Monday night that repeals the Federal Communications Commission’s privacy protections for Internet users, rolling back a landmark policy from the Obama era and enabling Internet providers to compete with Google and Facebook in the online ad market.
The article gets a little technical but it’s definitely worth reading for the architecture and problem definition aspects.
By observing how our shoppers have picked millions of customer orders through our app, we have built models that predict the sequences our fastest shoppers will follow. Then, when a shopper is given a new order to pick, we use this predicted fastest sequence to sort the items for them.
Surprising but very interesting use of Alexa. Gotta love those DIY problem solving projects!
Very useful list of courses sorted by difficulty level (with ratings for each one).
A good look at the reasons behind React’s popularity (with an example and code).
Short and sweet. Straight forward demo to get up and running with both libraries.
Get started with React with this step-by-step guide. If I can do it, so do you!
Believe it or not, it is actually very simple and painless to start a new React project, thanks to amazing work by the community over the past year.


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(10/19/17 – Syracuse, N.Y.) The world’s largest internet retailer is looking for a second home and ABC Creative Group is working with CenterState CEO to get Central New York on the short list.
Amazon announced it was shopping around for second corporate headquarters, known simply as HQ2, in September. The proposals have poured in from around the continent.
CenterState CEO believes Central New York has a legitimate shot based on its location, low cost of living, wealth of higher education and numerous incentives in terms of both tax breaks and significant energy savings.
CenterState CEO came to ABC for assistance with design of the important proposal. The 50-pager was laid out and sent to Amazon headquarters in Seattle in mid-October to meet a tight deadline set by the retailer.
HQ2 promises to invest $5 billion in development and bring as many as 50,000 high-salary jobs, enough heft to change the economic complexion and future of an area like Central New York.


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Just about everyone knows credit card fraud is becoming a major problem, with that massive Target breach a few months back the latest reminder.
The retailer noted that some 40 million customers had their credit or debit information stolen by hackers, another sign that not enough has been done to protect electronic payment systems in this country.
Credit card fraud is pretty much a sure thing at this point; I cant remember the last time 12 months have gone by without a call from one of my credit card issuers informing me of suspected fraud.
Unfortunately, every time this happens, and I have to deal with the fraud department, take the time to cancel my credit card, and wait for another to arrive in the mail.
Despite numerous occurrences, nothing seems to have changed. I’ve even told the fraud department to tell their higher-ups to create a more secure system. It has become an absolute joke at this point.
Chip and Pin Credit Cards on the Way In, Finally
Thankfully, credit card issuers in the United States will soon migrate to a “chip and pin” system, which will pretty much make the magnetic stripe a thing of the past (it will remain, but won’t be used as often).
It’s already in place overseas, perhaps because of the transient nature of places like Europe and Asia.
And rather ironically, we’re only getting on board with chip and pin because our outdated credit card security has deemed us an easier threat to worldwide hackers.
In a nutshell, chip and pin credit cards look just like our current credit cards, except for the fact that they have a square metallic microprocessor on the front.
As a result, the chip and pin credit card is inserted face up into a slot, as opposed to being swiped on one end through a card reader.
As far as the pin portion, that just means punching in a pin code, as you would with a debit card transaction.
It’s unclear if merchants will require the pin, or simply allow customers to sign as they currently do, in which case it will be “chip and signature.”
I personally prefer the pin, seeing that it adds another layer of defense, which could mean I won’t have to deal with my fraud department anytime soon.
In any case, the chip and pin credit card migration is expected to take place by October 2015.
What About a System That Proves You’re In Possession of Your Credit Card?
In the mean time, MasterCard and Syniverse have announced a new opt-in service that allows credit card transactions to take place only when users have their mobile device handy.
It works by taking note of the user’s specific geolocation, so the phone must be switched on with data enabled.
Then, if the user attempts to make a credit card transaction, the system determines if the phone and credit card are in the same area.
If they’re not, the transaction will be declined. A real-world example would be a NYC-based business traveler working abroad in London.
The system will know if someone is trying to use his or her credit card fraudulently back home if the phone is currently in London.
Not only does it prevent fraud, but it also ensures cardholders aren’t denied for legitimate purposes as well. Apparently anywhere between 50-80% of legit transactions are declined abroad…
Of course, this requires users to actually turn on their mobile devices while abroad, which can be quite expensive.
In the future, the technology could also be used to send targeted offers to users based on their location and proximity to certain retail shops.
It’s actually a pretty good idea, though there is the chance of losing your phone and your credit card at once!


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In 4Q16, $KMX opened five stores, including three stores in new markets which were two in Boston and one in Peoria/Bloomington, and two in existing markets which is the sixth store in Atlanta and third store in St. Louis. In total, $KMX opened 14 stores and relocated 1 store during FY16, bringing the used car store count to 158 as of Feb. 29, 2016.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.


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With less than two months to go before release, Ubisoft revealed the planned DLC for Far Cry 5 on Friday, which is set to go to
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💾 Does Intel’s Gelsinger Have His Plate Full?
Fastly, Palantir shares tank.
Hey Global Investor! Here's what you need to know before the US markets open.
Market Snapshot 📈
S&P 500 (Thursday's Close) 4,380.26 -94.75 (2.12%)
NASDAQ (Thursday's Close) 13,716.72 -407.38 (2.88%)
FTSE 100 (5 PM IST) 7,552.31 +14.94 (0.20%)
NIFTY 50 (Today's Close) 17,276.30 -28.30 (0.16%)
USDINR (Today's Close) 74.65 (1 Year +2.55%)
🔥 Top Movers
💾 Intel: Foundry To Stop Foundering?
Intel Corporation (INTC) announced the acquisition of Israeli Chip company Tower Semiconductor Ltd. (TSEM) for $5.4B in cash. Intel looks to advance its IDM 2.0 strategy through this deal. But the core issues plaguing the company remain. Can these newer forays mask them? (Tweet This)
The Foray Into Foundry
When a semiconductor manufacturing company does contract manufacturing for other companies, it’s said to be in the chip foundry business. Intel had announced its foray into the foundry business last March as part of its Integrated Device Manufacturer (IDM 2.0) strategy. It even established Intel Foundry Services (IFS) for this purpose.
This whole idea of manufacturing for someone else is a radically different step for Intel which has always believed in creating its designs and using its plants specifically for its products alone. However, CEO Pat Gelsinger is pursuing the foundry business with renewed vigor.
To get back to the halcyon days of being a semiconductor behemoth and technology leader, Intel also began a new research collaboration with IBM to create the next-generation logic and packaging technologies for processors.
Ever since Intel’s overtures to acquire Abu Dhabi’s Sovereign Wealth Fund-backed GlobalFoundries were spurned, the company has been on the hunt to kickstart its foundry aspirations. GlobalFoundries went public in October 2021.
National Semiconductor’s 150mm wafer fabrication facility in Israel was carved out to become Tower Semiconductor in 1993. Tower went public in 1994, continued growing its business, and acquired Jazz Semiconductor in 2008.
TowerJazz effectively doubled its manufacturing capacity by acquiring Micron’s fabrication facility in Japan in June 2011. In February 2016, it acquired an 8-inch wafer fabrication facility in Texas from Maxim Integrated Products worth $40M. It rebranded itself to Tower Semiconductors in 2020.
Today, Tower has over 300 automotive, medical, industrial, consumer, aerospace, and defense customers. It manufactures analog integrated circuits for semiconductor companies such as Broadcom, Intel, Panasonic, and Samsung, among others. Tower is also much smaller than GlobalFoundries.
Intel is paying a 60% premium to Tower’s closing price on Monday, meaning $53 per share in a $5.4B cash deal. With $7B sitting in its coffers, funding the deal isn’t a problem. Last month, the company also announced its first new manufacturing site in four decades in Ohio, costing over $20B - the single largest private sector investment in Ohio ever!
All this is not surprising. The global demand for semiconductors in 2021 hit an all-time high of $556B as chipmakers shipped a record 1.15M semiconductor units.
Who’s Winning The Silicon War?
Intel has been facing the heat from its bugbear AMD. The once-beleaguered also-ran AMD is racing ahead under Lisa Su’s leadership. AMD has signed up with foundry market leader TSMC to produce CPUs that use smaller transistors. AMD's next CPU, code-named Bergamu, will have 128 cores, compared to Intel's upcoming Saphire Rapid, which has 56 cores.
AMD has ramped up output to cater to demand from customers such as Microsoft, Google, and Amazon. Even so, AMD's finished goods inventory has remained stable compared to Intel’s, whose finished goods inventory has risen five quarters in a row. Today, Intel is sitting on a finished goods inventory of $2.7B compared to AMD’s $197M.
That begs the question: At a time when semiconductors are flying off the shelves, why are they piling up at Intel's warehouses? Is it because Intel expects higher demand in the future and is sitting on its current inventory so as to not sell it now at a lower cost?
That doesn’t seem to be the case since Intel expects current-quarter revenue to be $18.3B, 11% lower than the Q4 topline of $20.5B. On the other hand, AMD expects to cross the $5B topline mark in the current quarter, 5% higher than the Q4 figure of $4.82B. So not the most convincing reasoning.
In any case, Tower being a substantially smaller player, analysts are not convinced the deal will move the needle for Intel’s aspirations to compete with foundry giants such as Samsung and TSMC. With annual sales of just $1.3B, Tower’s David might seem too weak to compete with TSMC's Goliath, that’s clocking sales of $56B, with expected revenue growth of 27% in 2022.
The transaction is expected to close in the next 12 months and requires the approval of Tower's shareholders as well as regulatory approval. Until then, IFS and Tower will run as independent entities.
That apart, Intel has jumped headlong into cryptocurrency mining with its new chip, which it says is specially designed for blockchain applications. The company claims its crypto-mining chips will be 1,000 times faster than other mainstream chips in the market. Agro Blockchain, Block (formerly Square), and GRIID Infrastructure are Intel's first customers of this new product.
Gelsinger has already drawn a line in the sand, saying he’ll bring Intel’s margins back to historic high levels. However, slowing growth, rising inventories, increasing competition, capex, and now a new acquisition will keep increasing the number of balls in the air he needs to keep juggling.
Tower may have set the ball rolling, but Intel needs many more towers if it has to get its act together in this hot and crispy chip market.
INTC ended at $47.57, down 1.37%.
Company Snapshot 📈
INTC $47.57 -0.66 (1.37%)
Analyst Ratings (40 Analysts) BUY 25% HOLD 53% SELL 23%
Confident: Walmart tops quarterly estimates, backs long-term forecast as it focuses on value amid rising food prices (WMT +4.01%)
Drubbing: Fastly stock plunges after forecast calls for bigger 2022 growth slowdown than expected (FSLY -33.63%)
In The Red: Palantir shares drop after missing earnings estimates for the fourth quarter (PLTR -15.75%)
Later Today 🕒
Deere & Co. Earnings (DE)
Arconic Corp Earnings (ARNC)
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Today's Market Terminology: Negative Cash Flow
A company's cash flow is negative when spending there is greater than the company's earnings
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text: The company General Mills announced decline in profits amid falling domestic demand and the negative impact of a stronger US dollar on the international market. This year the company expects that sales will remain at the same level or decrease by 2%. As a result, for the quarter that ended May 29, profit totaled 379.6 million dollars against 186.8 million dollars during the same period last year. Revenue fell 8.6% to 3.93 billion dollars. Our forecast for the near future is negative with drop potential by 12-15%, despite a possible rise in the coming days.


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THE National Beef Association (NBA) has repeated its call for a rapid change in the way supermarkets approach food buying and pricing policies.
It said the British public and the supermarkets themselves were paying the price for the “short-sighted, price-led, purchasing tactics deployed by frontline retailers and buyers for decades.”
Chris Mallon, NBA national director, said: “They adopted a bullying culture aimed exclusively at securing as much farm food as possible, for as little cost as possible.
“The result is tortured supply chains that add so much unnecessary cost that shortcuts on quality and traceability, and even cheating by some suppliers, was inevitable.”
Such tactics must be stopped immediately if consumer confidence was to be restored.
“The multiples must start by focusing as much buying as possible on the high quality, high provenance, food that is grown on nearby British farms.
“If they do this they can secure both current and future supplies of essential products as long as they also make sure that all participants in the supply chain adequately cover their costs.”
Mr Mallon said middlemen like processors should be removed immediately – they reduce the control retailers have over the origin and provenance of their purchases.
He said: “More supermarkets should adopt the Morrisons model and bring processing in-house or organise deliveries from an exclusive, single site supplier, like Waitrose.”
“The horse meat scandal was conclusive evidence that consumers only get what they pay for, continued price reduction would jeopardise food quality.”
Mr Mallon said in real terms British consumers were paying 20 per cent less for food than they did a decade ago – it could not continue.
Supermarkets must persuade consumers they can no longer spend just ten per cent of their disposable income on food and be prepared, before long, to spend 15 per cent instead.


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We’ve talked about online ad server OpenX quite a bit in the past, and for good reason. The company, formerly known as Openads, is led by former AOL CEO Jonathan Miller (Chairman) and ex-Yahoo exec Tim Cadogan (CEO) and has in the past shown it’s serious about growing fast and making money in the process.
More recently, we covered the launch of OpenX Market, an alternative online ad exchange platform operated by the Pasadena, CA-based company.
Today, OpenX is announcing that it has raised a Series C venture capital round to the tune of $10 million, which brings the total of funding raised by the company to a healthy $30+ million. Worth noting is that the extra financing is coming from a new lead investor, which is increasingly rare in these troubled times: DAG Ventures led the round, with existing investors Accel Partners, Index Ventures, Mangrove Capital and First Round Capital participating. Jonathan Miller, who recently was appointed as the new Chief Digital Officer of News Corp. also chipped in.
OpenX CEO Tim Cadogan in a brief interview didn’t want to go into detail about the valuation of the company after this round, other than that he was pleased with it. He did say that there was still large part of the Series B round ($15.5 million, closed in December 2007) left on the company’s back accounts and that there was no real need for them to raise money, “which of course is always the best time to raise money”.
Cadogan also told me the company is focused on making OpenX Market a success and to continuously add new publishers to its open ad technology platform Ad Server. To date, it has attracted over 38,000 publishers representing 150,000 websites for the latter, and Cadogan also informed me that Market has doubled since it launched a little over a month ago, with a current monthly run rate of over two billion impressions.
More strong figures: OpenX claims that from December 2008 to April 2009, the monthly run rate of impressions for the OpenX Hosted product grew more than 500% to 7.5 billion impressions, with the number of sign-ups for the new product now exceeding 10,000 in six months since its debut on the market.
(Disclosure: we use OpenX to power part of the ad serving here on the TechCrunch website)


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Help! Someone is pirating my book. This is among the questions answered and concerns addressed in this week's AskALLi, the Self-Publishing Advice Podcast from the Alliance of Independent Authors. Other questions answered this month include: My publisher went out of business…
Cory Doctorow launches a scathing attack on the damage DRM is doing to the book industry, and technology opens new global opportunities for indies.
The Self-Publishing Advice Conference is almost upon us Digital Book World kicks off this week and there's just five days to go until our own #SelfPubCon. While we’re preparing the presentations, I thought I’d share the schedule so you can plan your conference attendance.
ALLi members get a 75% discount code for DigitalBookWorld, Audible Captions delayed and Bibliotheca blames Amazon for libraries dispute.
Writers launch a lawsuit against Cengage for changing their royalty terms and publishers doing likewise to block the launch of Audible captions.
Spotify and Pandora both launch a new podcast dashboard, and ALLi members flourish on the DigitalBookWorld awards shortlist.
James Daunt officially takes over at Barnes & Noble, announcing a new Nook, and a new campaign seeks to cut tax on ebooks.
Five self-published titles win awards at the Romance Writers of America's prestigious RITAs, while the dispute between libraries and publishers continues.
After taking a break for the month of July, 2019, the #AskALLi broadcast salons are back for a new season. As ALLi Communications Manager Boni Wagner-Stafford tells us, there's a bunch that's new: new shows, new co-hosts, and a new sponsor for the 2019-2020 broadcast season.
Libraries face tougher terms from publishers for lending ebooks, and booksellers launch a campaign to make the book business greener.
Audible introduces a controversial new captions feature that has sparked allegations of an unwarranted rights grab from publishers, and Wattpad have made their Premium and Paid Stories features global.
Co-writing has always been around. But in recent years, with the rise of faster publishing it's become more popular. One of the drawbacks of co-authoring as Indies is the lack of technology to help with royalty sharing and royalty payments. Until now. Publish Drive have launched a new royalty split system for co-authors which makes sharing royalties simple and pain-free.


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Devotion Investments has dispatched a Bitcoin trade exchanged asset that will permit financial backers to purchase and sell genuine Bitcoins rather than subordinates.
It’s been an uneven ride for Bitcoin (BTC) financial backers. While looking out for the United States Securities and Exchange Commission (SEC) to settle on their choice with regards to whether or not they will support a spot Bitcoin trade exchanged asset (ETF), U.S-based venture company Fidelity Investments is allegedly dispatching a spot ETF in Canada subject to administrative endorsement.
As indicated by a tweet shared by Bloomberg senior ETF investigator Erick Balchunas, the asset “Constancy Advantage Bitcoin ETF” is at present forthcoming posting on a Canadian trade. Balchunas likewise brought up that assuming the new asset succeeds, it would turn into the biggest resource the executives firm that offers Bitcoin administrations.
Give a look at:- China’s national bank proposes to screen metaverse and NFTs


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We are excited to announce that Souder Brothers was recently featured in a spotlight article in the latest issue of US Builders Review! Click the image below to read the full article and learn about our commercial and residential construction services and our in-house floor plan/3D design capabilities. Bill Souder, owner, talks about starting a construction company during the height of the 2009 recession, and what it took to get to where we are today. See recent job photos and learn about some of our projects!
Special thanks to our partners at Emmanuel Insurance & Tague Lumber!
Residential homeowners who are putting their Montgomery and Bucks County homes up for sale are often faced with the question: should I fix that? While some repairs are required for the sale of a house, others are optional, and some will not benefit the seller. Check out these 9 tips to see how you can get the most added value when selling your home.
1. Give your home a facelift with new paint! Be sure to stick to updated neutrals. Avoid colors that are too bright or too dark. Subtle, neutral colors are best. Buyers want to be able to envision their own style in their potential new home.
Continue reading Contractor Tips: What To Fix Before Selling Your Home →


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Google Buzz! What’s buzz all about?
Google today launched a new service known as buzz. Buzz integrates your Facebook and Twitter profile all under your Gmail account.
Buzz was announced at an event at the Google HQ in Mountain View , California. With Google Buzz, all your social interactions and updates can come to one place, right next to your Inbox.
The key elements are:
1. Automatic friends lists (friends are added automatically who you have emailed on Gmail)
2. “Rich fast sharing” combines sources like Picasa and Twitter into a single feed, and it includes full-sized photo browsing
3. Public and private sharing (swap between family and friends)
4. Inbox integration (instead of emailing you with updates, like Facebook might, Buzz features emails that update dynamically with all Buzz thread content)
Buzz integrates perfectly with your mobile device specially iPhone and android powered ones. It is available as a webapp but can be added to the homescreen and be used as a standalone app too
To start using buzz go to http://www.google.com/buzz


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There’s been a giant Bill Cunningham-shaped hole in the world of American fashion ever since the legendary photographer died in 2016 at age 87. Known for having a careful eye for the personal, individual flairs that make fashion fun, Cunningham was also notoriously private, save for a 2010 documentary that gave the already popular New York Times columnist an even larger legion of fans.
Now, two years after his death, a deeper look at his life will be released to the world. The Times reports that Cunningham left behind an unpublished memoir manuscript, chronicling his childhood through his early years as a journalist. Called Fashion Climbing, the book was found after his death in a completed state. Penguin editor Christopher Richards won the book at an auction and will publish it this fall along with a preface by New Yorker writer Hilton Als. Indeed, Fashion Climbing may prove to be the most anticipated memoir of the year, not only for the secrecy that long shrouded it but also for its promise to shed light on a private person who had the uncanny ability to really see and appreciate the unique self-expression of others. Cunningham brought a lot of joy to his readers, fashionistas and Crocs-wearers alike. This memoir is a last, unexpected gift to them.


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BATON ROUGE, LA (WAFB) - A Panda Express executive visited the company's location in the LSU Student Union Wednesday during a business trip to Baton Rouge, according to a report from the Daily Reveille.
Andrew Cherng, who is a co-founder and co-CEO of the American Chinese restaurant chain, inspected the kitchen and shook hands with employees of the student union location.
The executive was in town for the Raising Cane's Operators Conference. The Daily Reveille newspaper reports Cherng's Panda Restaurant Group reached a deal with Raising Cane's to operate chicken finger franchises in Hawaii and Alaska. The deal had reportedly been in the works for nearly two years.
Cherng's told the newspaper the partnership with the Baton Rouge-based company was made because he wanted to diversify himself and his business practices.
The Panda Express co-founder said he has known Raising Cane's founder and CEO Todd Graves for almost 10 years. Cherng said he hopes to open Raising Cane's locations in both Hawaii and Alaska before the end of the year.


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By Michael Messina
President Trump says the Trans Pacific Partnership (TPP) is history, giving new hope to American manufacturing, right? Ok, we knew that was coming, but what about the North American Free Trade Agreement (NAFTA)? That’s supposedly in the crosshairs as well. But a new report says throwing that one away, too, would be a terrible idea, at least for the now-thriving American automotive industry.


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SAAB still chasing India with Gripen, anticipates EW variant
Saab believes India could still be a customer for the JAS 39 Gripen fighter despite the country’s apparent decision to purchase the Dassault Rafale fleet, according to Lennart Sindahl, the company’s senior executive vice president and head of SAAB Aeronautics.
"We’re looking into India again," Sindahl confirmed. "They have for the moment decided for a direct buy of 36 Rafales and the former ‘commercial’ tender [MMRCA, for 126] is cancelled. However, they nee...
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On top of the incredible promotions Upper Deck has already announced for the 2014 National Sports Collectors Convention, the company has several new announcements that fans in attendance are going to love. If you are in the Northern Ohio area this week, make sure to visit Upper Deck at booth #1043 all weekend long for an amazing lineup of events including exciting promotions and giveaways.
Upper Deck will be conducting a FREE autograph signing session with Philadelphia Flyers goalie and former Columbus Blue Jacket; Steve Mason. The session will take place on Saturday, August 2 from 11:00 a.m. – 1:00 p.m. and Mason will be signing blow-up versions of his SP Authentic rookie card or current Upper Deck cards. No other items will be signed and autographs are limited to one per person. Fans who bring five packs of 2013-14 NHL® Upper Deck products can earn front of line privileges, but note, those packs will not be good for the wrapper redemption program.
In conjunction with the Hockey Hall-of-Fame, Upper Deck will be bringing in some of the most prestigious NHL® trophies for fans to enjoy on Saturday and Sunday during the show. Attendees can take pictures with the Calder Memorial Trophy, the Prince of Wales Trophy, the Hart Memorial Trophy, the Clarence S. Campbell Bowl and the Vezina Trophy at the Upper Deck Booth. As the exclusive NHL® cards and the Hockey Hall-of-Fame, it was important for Upper Deck to bring hockey to the National Sports Collectors Convention like never before.
On Saturday night Upper Deck will be hosting the 2014 Diamond Club Member & Candidate Reception, an amazing celebration of Upper Deck’s 25th anniversary. Check out details on how you can score an invitation by clicking HERE.
See you all in Cleveland!!!


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Well there has been no post from my blog in a while, Im trying to take some vacation…blogging has become something like a job lol :).
Soon we will be posting a model profile on miss Sessilee Lopez who recently won the model of the year at the African fashion awards in South Africa…so I took this time to congratulate the beautiful model.
The celebrated Africa Fashion Week culminated with an award ceremony to highlight the contribution and talent of distinguished icons in the fashion industry this weekend.
Hosted by the talented Bonang and Colin Moss, the ceremony took place at the Sandton Convention centre in Johannesburg, Africa.
Somini, Rhythmic Elements, and Liquid Deep were among the various performers that kept the crowd entertained during the award show.
However, the evening belonged to the various award recipients whose contribution to the fashion industry is unmatched. Yves Saint Laurent, Azzedina Alaiia and Josheph Ettendgui received the coveted Lifetime Achievement Award.
The stunning supermodel, Sessilee Lopez won the award for “Model of the Year.” Lopez dazzled the crowd in a backless sequined number as she accepted the award with class and grace. The honor for Top Makeup Artist was given to the legendary, Pat McGrath, and Edward Enniful of ID Magazine received Stylist of the Year: Edward Enniful.
Grace Jones was given the award for "Female Style Icon," while Michael Jackson won the award for “Male Style Influencer”. JONESMAG.com congratulates all the talented winners for their distinguished awards.
Have a good day guys…Bye!


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Mate Rimac recalls the offer he received for his beloved company, which he of course turned down.
As Poslovni Dnevnik writes on the 26th of September, 2018, for the fifth year running, the most successful Croatian entrepreneurial story will be recognised and subsequently awarded with the honorary Ernst&Young Entrepreneur of the Year title, and the upcoming award ceremony will be held in March 2019, according to a report from Večernji list.
“This is a particularly nice experience, I hope to be able to get the chance to visit this event again,” stated last year’s proud winner Mate Rimac, CEO and founder of Rimac Automobili.
”Now, I’m so glad that I’ll be abe to be part of this professional jury without any pressure,” he continued.
Rimac, the young man from Livno, Bosnia and Herzegovina, who is now the famous face of one of Croatia’s most dazzling success stories, is now a member of the independent jury which consists of some other very well known and highly respected Croatian entrepreneurs: Emil Tedeschi (president of the jury), Nenad Bakić, Saša Cvetojević, Đuro Horvat, Marko Pipunić, and last but by no means least, Alan Sumina.
”It’s extremely important that the finalists are able to make numerous contacts and create partnerships, and at last year’s ceremony I met people from Slavonia, from Multinorma, who are doing incredible things. Then we made deals. It’s the same thing with the international awards [choices] in Monaco. There, we had many interesting opportunities, and anecdotes as well. There I met the Tedeschi couple, and I got made an offer for the purchase of my company, Rimac Automobili, which of course I didn’t accept,” noted Rimac.


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In a recent survey of 100 advisors, investors and buyers of private middle market companies, 41 percent say that M&A is the primary strategy being used by companies to grow in 2015. The survey, conducted by Axial, an online platform that connects private companies to capital, suggests that organic strategies are less in favor than a more aggressive recipe for growth. Twenty-two percent of respondents pointed toward product and customer expansion as companies’ number one growth strategy and 18 percent believed companies would move into new geographic markets to achieve growth.
Respondents also believe that corporate mergers will be the deal type with the highest volume this year (36 percent), compared to transactions involving debt (31 percent), equity financings (22 percent) or asset acquisitions and sales (12 percent).
“Corporations of all sizes are taking advantage of a time where they have the ability to go out, raise relatively inexpensive capital, and start buying up companies,” said Allison Tepley, VP of Marketing at Axial. “On Axial, we’re seeing a wide range of corporate acquirers looking for deals – from large public companies knocking on their upstart competitors’ doors to mid-sized firms joining up with companies that can help them capture additional market share or expand their footprint.”
When evaluating the best companies to acquire, these strategic buyers, as acquisitive corporations are called, are more concerned with the record of growth a target company can boast than the rest of the buyers’ market. While private equity firms cite the existence of a strong management team as the most important metric of potential success when evaluating middle market companies for investment or acquisition, 50% of corporates say a strong record of growth is the key metric.
Ms. Tepley added, “Sellers who can point to impressive growth results, particularly over a volatile decade, are in a great position to attract buyers who may find it worth it to pay a premium for the synergy gained by acquiring these types of companies.”


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Knowles and Goertek are the market leaders in MEMS microphones with market share of 39 and 28 percent respectively in 2018, the market researcher estimates. However, Infineon is changing the landscape for MEMS microphones.
Infineon Technologies AG has traditionally supplied MEMS microphone die to microphone assemblers such as Goertek and AAC Technologies. However, Infineon has begun to sell complete MEMS microphones in competition.
This may in turn cause Goertek and AAC to seek out alternative suppliers of MEMS microphone die.
Reasons Infineon may be re-organizing its approach to audio are: the growing size of the market, its closer alignment to digital processing and increased added value in the MEMS element of the microphone. In addition, Infineon has introduced superior technology in the form of the high signal-to-noise ratio (SNR) sealed dual-membrane MEMS microphone (see Sealed dual membrane to raise MEMS microphones SNR).
Infineon has supplied Goertek with the sealed dual-membrane MEMS microphone for Apple’s AirPods Pro.
The consumer MEMS microphone market is expected to be worth $1.6 billion in 2024, up from $1.2 billion in 2018.
For audio codecs and amplifiers, Cirrus Logic is the market leader but is dependent on Apple. In this sub-market, worth $3.4 billion in 2018, the leaders are Cirrus Logic, Qualcomm and Texas Instruments with 35, 18, and 12 percent of the market, respectively.
Yole asserts that artificial intelligence is set to be a key part of the audio sound chain. This part of the market will probably fall to application processor developers Apple, Qualcomm and HiSilicon.
Related links and articles:


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Detectives with the Metro Nashville Police Department have asked for the public's help in identifying armed robbery suspects.
Detectives said two young men robbed the Dubai Exotic store on Nolensville Pike on July 9 around 8 p.m.
The pair took money from the register and robbed two employees at gunpoint. Prior to the robbery the men attempted to enter a nearby business, but an employee locked the door before they got inside.
Both suspects were described as black men who appeared to be in their late teens or early 20s with slim builds.
The gunman wore grey and neon green Nike tennis shoes, and a t-shirt to cover his face. The second suspect wore a blue shirt with USA 10 on the back in white lettering. He wore a blue scarf to cover his face.
Officers asked anyone recognizing the suspects to call Crime Stoppers at 615-752-7463.


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Germany Invests Heavily in European Battery Plant
Lithium-Ion batteries are present at every corner of modern life. Consequently, the German government has taken notice. As a result, they’ve invested €500m in a European battery plant.
Moreover, the initiative is supported by the German Federal Ministry of Education and Investment (BMBF). Additionally, Swiss battery producer Leclanche is involved. It will provide industrial-scale cell manufacturing know-how. Meanwhile, Fraunhofer-Gesellschaft will plan and build the facility. However, a location is yet to be agreed upon.
Lithium-Ion Goes Beyond Electric Vehicles
The move is an attempt by Germany to take battery production into its own hands. Furthermore, the world’s 4th largest economy is aware of lithium’s growing role. However, the plant isn’t only a response to the unstoppable rise of electric vehicles. Instead, its also a response to the next era of stationary energy storage. Lithium-Ion is very effective in grid storage applications.
Ultimately, those involved in the factory’s development expect the joint-effort will save each party millions. Additionally, members believe a consortium will accelerate production.
Lithium Cells Power the Future
This story continues a trend in energy news. Firstly, major automakers roll out plans for their fleet of electric vehicles. Secondly, Panasonic and Toyota have merged to eliminate Tesla’s market foothold. Thirdly, national governments continue to support clean energy initiatives en masse. Meanwhile, some believe there will soon be a lithium supply glut. After all, South America invests heavily in mining and exploration operations.
However, these projects are prime to bear fruit for a number of reasons. Consumer electronics, electric vehicle popularity, and grid storage applications increasingly rely on lithium cells. Evidently, Germany is smart to take matters into its own hands.
Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).


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By Paul Hodgson – CCO and Senior Research Associate
Full disclosure first, I’m a subscriber. Just don’t tell my struggling local, independent DVD rental store.
Initial reservations aside, the news that on January 13, this year, a lawsuit was filed in U.S. District Court, Northern District of California, alleging that Netflix, Inc. and certain of its officers and directors issued false and misleading statements regarding the Company's business practices and its contracts with content providers, causing the Company's stock to trade at artificially inflated prices, was not news to GMI.
During the past four rated Quarters, the GMI Ratings Accounting Risk Score for the company has fallen precipitously from 60, on a scale of 100, to 5. The company's GMI Ratings Litigation Risk score has also been cascading downwards and is currently in the 1st percentile, that’s as bad as it can get, with a 25.5 percent probability of being sued by its shareholders. It is also rated in the 2nd percentile, that’s almost as bad as it can get, for Equity Performance, indicating that its shares are very likely to substantially underperform the market.
So, here’s the details on the complaint. It alleges that the defendants knew, but concealed, the facts that increased licensing fees demanded by content providers would necessitate an increase in the pricing for its products, and that there was no way the earnings forecasts for 2011 would be met.
In fact, prior to updating its third quarter guidance last year, company insiders sold 388,661 shares of their own stock at prices as high as $298.73 per share. After the announcement that nearly a million subscribers had been lost because of recent price hikes, the stock price fell from $208.71 to $169.25.
It fell again when it was disclosed that the company would begin charging separately for its online and DVD rental services and had raised prices. In October last year, it reported that it had lost 5.5 million subscribers. Finally, when it filed its quarterly report with the SEC, the company disclosed it had incurred obligations for content totaling $3.5 billion, debt in other words, causing another 35 percent drop in the share price, from $118.84 to $77.37.
But that’s not all. As if it ever is.
It’s not just specifically the misleading statements that indicate poor corporate responsibility, Netflix scores poorly (15th percentile) in all governance areas: environmental, social, governance, and compensation issues. In fact, GMI Ratings gives them a D. Here are a few issues:
- It makes monthly stock option grants, lots of them in each grant, as well as annual ones. In fact the company is hemorrhaging stock options. In fact, over a quarter of its outstanding stock is taken up with stock options. A quarter! The tables about stock options in its 2011 proxy statement take up over seven pages.
- The board is classified, meaning that even if shareholders wanted to get rid of them it would take three years to do it and they can’t anyway because they’ll be elected even if they just get a single vote – it’s corporate America’s special version of democracy, and it’s going out of fashion at other companies where real democracy (ie you don’t get elected without a majority of votes) is coming into fashion.
Read more posts on GMI Ratings »


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Even as the Supreme Court verdict on Wednesday banning sale of polluting BS-III vehicles was delivered, it has predictably led to a mad scramble among dealers to sell their old stock before April 1 deadline.
With only one day to go, desperate dealers are offering three to four fold higher discounts.
Honda Motorcycle and Scooters India, the second largest domestic two-wheeler seller, is offering discounts of up to Rs 22,000 on the CBR 250 and on CBR 150. On other bikes it is offering Rs 18,500. Honda has the second largest stock of unsold BS-III vehicles which could be around 150,000 units.


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Interest in these cars swept in from the West 50 years after hot rodding became popular in California.
"They got little nicknames and stuff like Rice Rockets and stuff like that. They talk about these little four cylinder cars, only 1.6 (liter) making about 400 horsepower," says Phantasm Motorsports owner Hung Phan.
They strut on the streets, low, proud and sometimes loud, but street racing is
"We try to promote a good business. The type of racing I do is pretty much underground type racing, grassroots, autocrossing, and also road racing at (Virginia International Raceway) and South Carolina Motorsports Park," says car owner Brian Winn.
Phantasm Motorsports is headquarters for this bunch of car lovers.
"We modify cars, sell accessories, rims, tires, oil changes, alignments, (and we) fix motors," says Phan.
They fix motors with complete rebuilds, adding turbo and superchargers, even nitrous for a shot of big horsepower.
"Modifying these imports is a lot more than just a car thing. It results in a lot of camaraderie," says car owner Robert Meeker. "Everybody, club members, gives them something to do, talk about their cars, modify the cars."
Are they worried about their image with the movie now out?
"Well not from the movie yet, but we get hassled just because our cars stand out more," says Phan.
Several of the cars, which are really called "sports compacts," can be found competing Thursday nights at the Benson dragstrip.
Copyright 2022 by WRAL.com and the Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Despite being ordered by the court, Apple is refusing to unlock the iPhone belonging to the terrorist of the San Bernardino shootings. The company claims that this will set a dangerous precedent, although the FBI’s director claims that it won’t. Right now things appear to be at a standstill, but that could change soon.
A report from Associated Press (via Cult of Mac) has indicated that Apple might appeal to Congress to step in and weigh in on the matter, and basically have them decide whether or not Apple should indeed comply with the court’s orders. It is believed that Apple thinks that Congress might side with them as they have spent $5 million lobbying Congress back in 2015.
However it seems that this could be a gamble on Apple’s part. Should they lose, Congress could very well pass a law that will require all manufacturers to include backdoors, whereas in this case, Apple would only need to provide backdoor access to just one iPhone (or maybe more if the reports are true).
Right now Apple’s strategy involves their lead attorney Theodore J. Boutrous Jr. argue that the US government is improperly using the 1789 All Writs Act, a law which law enforcement agencies have used in the past to get companies to cooperate with investigations.


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MasterCard Makes Fortune List of Businesses Confronting World's Problems
More businesses are taking on society’s biggest problems—and making money doing so. Here’s our look at 50 companies that do well by doing good. The 50 companies chosen for this year's Change the World list hail from 22 countries. Use our interactive map to see how the corporations doing good by way of big business are spread out across the globe.


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We believe that Sprint Nextel (NYSE:S) is a buy at current valuations based on the following reasons:
- With strong demand for iPhones, Sprint will likely see an acceleration in the number of subscribers, while reducing churn.
- Virgin Mobile, owned by Sprint, has become the second largest U.S. prepaid service to offer Apple (NASDAQ:AAPL) devices. High demand for Apple's products in the prepaid market could boost the company's margins going forward.
- Sprint is gaining strong traction with its HTC EVO, LG, and Samsung products.
- Sprint is expected to launch its 4G LTE in six major cities by midyear 2012. Moreover, with other carriers phasing out unlimited data, Sprint is the only company that is offering unlimited data.
- The company has enough financial strength with its cash of $8 billion and free cash flows of around $2 billion.
- Based on 2014 expected earnings, and a multiple of 15 times, the stock can trade north of $4.50.
Sprint offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, namely wireless and wireline, with the majority of its revenues coming from the wireless segment. Sprint is the third largest wireless communications company in the United States, based on wireless revenues.
Disappointing Quarterly Results
The company announced its quarterly results in April 2012, reporting a net loss of $863 million and a diluted net loss of $0.29 per share. This compares to a net loss of $439 million and a diluted net loss of $0.15 per share in Q1 2011. The company provided a positive earnings surprise of 30% in the first quarter results. Revenues of $8.7 billion for the quarter were 5% higher than in the first quarter of 2011, and nearly unchanged from the fourth quarter of 2011. The quarterly year-over-year improvement was primarily due to higher wireless service revenues. However, the higher wireless service revenues were offset by lower wireless equipment and wireline revenues. The first quarter's operating loss was $255 million, compared to an operating loss of $438 million for Q4 2011. Factors like wireless cost of service and lower wireline revenues led to the losses.
Overall, the financials have been mixed for the company. However, let us look at some of the factors that have led to the recent share price strength.
The company had wireless service revenues of $7.2 billion during the quarter, an increase of more than 7% year over year, driven primarily by Sprint platform postpaid ARPU growth of $4.03. That is also the largest year-over-year increase on record for the U.S. wireless Industry.
Click to enlarge images.
Wireless cost of service was flat sequentially, primarily due to lower 4G data costs. Wireless cost of service increased approximately 12% year over year, primarily due to higher 4G data costs.
Eighth Consecutive Quarter of Postpaid Subscriber Growth
The company served more than 56 million customers at the end of Q1 2012. This includes 32.8 million postpaid subscribers, 15.3 million prepaid subscribers, and around 8 million wholesale and affiliate subscribers. The total number of customers on the Sprint platform grew almost 4% sequentially, including 263,000 postpaid net subscriber additions, 870,000 prepaid net subscriber additions, and 785,000 wholesale and affiliate net subscriber additions.
For Q1 2012, the company showed slight deterioration in the Sprint platform postpaid churn rate, rising to 2% from the previous quarter's 1.99%. This rise in the churn was largely due to higher involuntary deactivations, which occur when the company disconnects a customer due to lack of payments. However, this increase is likely to be temporary as it was mostly associated with pricing actions taken by the company. Compared to the postpaid churn, the prepaid churn for Q1 2012 was 2.92%, an improvement from the year-ago churn of 3.07%. This improvement was driven by improvements in the Virgin Mobile and Boost brands.
Sprint and iPhone
The company sold over 1.5 million iPhones in the first quarter, with 44% going to new customers. Also, Sprint is expected to launch 4G LTE in six major cities by midyear 2012, including Houston, Dallas, San Antonio, Atlanta, Kansas City, and Baltimore. Sprint has already launched its 4G LTE smartphones, Galaxy Nexus™ and LG Viper™ 4G LTE. Moreover, with other carriers phasing out unlimited data, Sprint is the only company that is offering unlimited data.
The company is gaining strong traction with its HTC EVO, LG, and Samsung products. These smartphones would fuel Sprint's earnings and margins going forward. Moreover, with a strong demand for iPhones, the company could see an acceleration in subscriber numbers, while reducing churn. With good demand for Apple's products in the prepaid market, Virgin Mobile could see a boost in its margins going forward.
Given intense competition in wireless, Sprint could continue to see its bottom line under pressure. The company expects a capex of around $6 billion in 2012, mainly for network upgrades and to meet its 4G needs. Moreover, the company has substantial commitments to Apple for the subsidies offered on its products, which could continue to keep its margins under pressure.
The recent strong stock performance for Sprint is evident in the following graph, with the stock outperforming Verizon (NYSE:VZ) and the market benchmark:
The company's financial position is strong with cash of around $8 billion on its balance sheet, and free cash flows of around $2 billion. Sprint has a high debt-to-equity ratio of 200%, higher than AT&T's (NYSE:T) 60%, and a total debt in excess of $20 billion as of the most recent quarter, which are well supported by its healthy cash flows. Net cash provided by the company's operating activities improved by almost 7% in Q1 2012 from the year-ago quarter.
Based on its price-to-sales ratio, the stock is trading at a discount of 75% and 82% to the industry average and AT&T, respectively.
The company is expected to report positive earnings in FY 2014, and based on a forward P/E multiple of 15 times the consensus 2014 EPS estimate of $0.30, we expect the stock to trade north of $4.50 -- which is 30% upside. Because of this upside and the reasons discussed above, we recommend a long strategy for Sprint.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.


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IMF Official Says Public-Private CBDC Offers Best of Both Worlds
Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, believes that a synthetic private-public partnership could be the best way forward for a central bank digital currency.
Mancini-Griffoli, the IMF’s Monetary capital markets department deputy division chief, joined the Money Movement’s latest live session on May 26. The show, which is hosted by Circle CEO Jeremy Allair, explores various themes relating to economics and technology.
Mancini-Griffo said that the idea of creating a CBDC solely backed by a central bank's reserve and completely under the control of a central bank, is outdated.
A synthetic private-public partnership CBDC, on the other hand, is gaining popularity among the digital currency world and will empower private sectors such as blockchain backed stablecoins to continue to innovate.
He suggested the private sector concentrates on innovation, interface design, and client management. The public sector remains focused on regulation and underpinning trust. This will encourage innovation to continue but within a regulated framework for financial stability.
Regulation plays a key role
According to Mancini-Griffoa, unlike the original idea of CBDC which requires the central banks issuing a liability directly to the public, a synthetic CBDC allows the private sector to issue a liability that is used by people to purchase assets for payments.
The liability would be fully backed by the central bank’s reserves. Central banks would also issue licenses for the liability, which would help to regulate and supervise businesses and institutions.
A regulated environment may provide an equal playing field for all the private sector stablecoin innovators to continue to grow. He believes that it could also mitigate against the potential financial stability risks that they pose. He explained that:
Migrating risks and encourage innovation
The public-private partnership CBDC would also encourage competition between digital currency providers and preserve comparative advantages, says Mancini-Griffoa.
Much of the cost and risk for the public sector, such as technology choices, customer management, customer screening and monitoring including for Know Your Customer, Anti-Money Laundering, and regulatory compliance. Data management would be transferred to the private sector.
Public and private partnership challenges
The synthetic CBDC is gaining traction, yet challenges still remain. Mancini-Griffoa pointed out that the best way to design a private and public partnership is an ongoing debate, as is deciding who should have the ability to issue the aforementioned tokens. He added that:
Stablecoin and banks collaboration looks promising
Mancini-Griffoa emphasizes that the intention is not to “rock the boat” of the banking world. He states:
However, innovative banks will adopt a lot of the new technologies, such as blockchain-backed stablecoins. These stablecoins are irreversible, secure, fast, and capable of processing transactions with a global reach for settling final payments. There will probably even be partnerships between bank and payment services, according to Mancini-Griffoa.
As Cointelegraph reported previously, the Bank of China appears to believe that the digital yuan will be able to eventually replace cash. Stablecoin experts have pointed out that privacy, custodianship, and financial stability would be the three most challenging elements a CBDC would face.


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But the situation has begun to change in recent years. The ongoing slowdown of China’s economy — affected by COVID-19 and the downturn of its domestic property market — is likely to have a significant impact due to lower demand for commodities. China imports over 70 per cent of global iron ore, 72 per cent of aluminium and over 60 per cent of copper. From the demand-side, China’s economic dynamics inevitably affect commodity prices in international markets.
After a decline in COVID-19 cases, there was hope that China would experience an economic rebound and return to pre-pandemic levels. But China’s economic reopening in the second quarter of 2023 has been slower than predicted. China’s economic growth in 2023 is expected to be 5.2 per cent, before further falling to 4.5 per cent in 2024. As Indonesia’s largest trading partner, the impact of China’s weakening economy will be felt in Indonesia’s commodity market.
From the supply side, global commodity prices are still relatively high due to supply chain problems. Indonesia enjoyed substantial revenue from commodity exports in 2022 amid the Russia–Ukraine war. In 2023, commodity prices have slowly started to decline, though they are still categorised as high. The International Monetary Fund projects Indonesian economic growth to be five per cent in 2023, a decrease from the 5.3 per cent realised in 2022, due to tighter global monetary policy and normalisation of commodity prices.
In 2022, the top commodities exported from Indonesia to China were iron and steel (US$ 19 billion), mineral fuels (US$17.9 billion), animal and vegetable oils (US$6.4 billion) and nickel (US$4.5 billion). Nickel had an export value 13 times greater than the previous year, in line with the growing interest in the development of low-carbon technologies and downstream efforts by the Indonesian government.
Various dynamics in the global economy have made Indonesia re-examine its economic policy when it comes to commodities. Any policy overhaul will have a significant impact considering that about two-thirds of Indonesia’s exports depend on natural resources. Any further decline in commodity prices will noticeably reduce government revenue — affecting both export taxes and non-tax revenue channels.
Efforts to diversify Indonesian export destinations for commodities is critical, considering the prospect of China’s economic slowdown. In recent years, crude palm oil (CPO) and the coal export market have been highly concentrated in India and China. The downturn in Chinese demand can be seen in the 2022 decline of CPO exports by 18.4 per cent and coal by 55.7 per cent. Exploring new markets, such as Africa, could be a viable solution.
The next issue is how Indonesia can move from only exporting raw materials to products that have added value through the downstream industrial policy. The implementation of the downstream policy needs to consider the various costs and benefits, since not all commodities can be down streamed. Home to the world’s largest nickel reserves, Indonesia is currently focused on encouraging investment in downstream nickel commodities.
Serious efforts to implement a downstream policy are evident in the ban on exports of nickel ore in 2020 and bauxite in June 2023. A rule that mandates processing nickel domestically can attract investment in smelter construction, especially from China, to produce advanced products such as stainless steel. Instead of being sold in international markets, the government aims to deposit domestic nickel ore in smelters, as processed nickel can generate more export revenue for Indonesia compared to exports of raw materials.
The downstreaming process in the CPO sector also needs attention because it is labour-intensive compared to the mineral sector, including nickel, which tends to be capital intensive. Oil palm plantations employ between 3.7–8 million Indonesian workers. When downstream industries are incorporated, labour absorption increases to 16 million. The downstream process in this sector also needs to consider processing management quality to align with sustainability regulations. The European Union has begun to enforce the European Union Regulation on Deforestation-free Products, which will require CPO exports to meet traceability requirements.
The dynamics of commodity cycle prices can be driven by diverse factors, including the slowdown of the Chinese economy. The potential decline in exports and government revenue due to China’s economic downturn needs to be accounted for. Indonesia must reduce its dependence on traditional export markets and start looking for new markets. But first, the government will need to increase the value add of commodities to increase its revenue.
Nabiel Arzyan is Senior Analyst at CReco Consulting, Indonesia.


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Spotify users are becoming impatient with the music streaming giant due to its lack of HomePod support, prompting many customers to cancel subscriptions entirely and switch to alternative platforms, such as Apple Music.
More than a year ago, at the 2020 Worldwide Developers Conference, Apple announced that it was adding support for a third-party music service to the HomePod.
A few months later, Apple highlighted some of the apps that take advantage of the new feature, including Amazon Music and Pandora, with Spotify removed from the list.
It is not known if the streaming platform chose not to be part of the initial batch of third-party music providers with HomePod support or if the reason had to do with Apple.
However, the feature request was posted on the Spotify community forum a few weeks later, with the service asking to add support for HomePod.
The streaming service said in June of 2020 that it plans to implement AirPlay 2 support in its iOS app.
While AirPlay 2 support allows users to stream Spotify content through HomePod. But this is not native support for the HomePod.
Native HomePod support allows users to use Siri to play streaming service content from HomePod without opening the app and manually selecting the speaker.
Users are preparing to turn their frustrations into action, with many saying they have activated their three-month trial of Apple Music and may renew their subscription unless Spotify provides HomePod support before the trial period ends.
And the streaming platform doesn’t seem to care about its users. The idea was classified as a working idea. But no updates were made about it. The reason why it refused to support HomePod is still unknown.
And the HomePod has grown slowly thanks to the smaller $99 HomePod mini that was recently launched in new colors.
Apple is offering new customers a three-month free trial of Apple Music, which includes native support for the HomePod.


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WPP lands global Bank of America ad and branding account
WPP has won out against BBDO in a global advertising and branding pitch for the Bank of America and is to set up a dedicated account group called Team Bank of America.
The team will handle Bank of America's overall brand positioning, as well as branding and advertising for its consumer banking, global banking and markets and global commercial banking divisions.
Bank of America spends the bulk of its estimated $2bn outlay on marketing in its home country.
BBDO has handled the US consumer retail advertising account since 2006, and took part in a pitch process also reportedly including Interpublic’s Hill Holiday, Publicis Groupe's Digitas and The Richards Group.
At this stage it is not clear which WPP agencies will be involved in the Team set-up, though the holding company’s brand agency Brand Union already handled some work for the client.
Hill Holiday has retained responsibility for Merrill Lynch Wealth Management and US Trust marketing and "will assume increased creative assignments", according to Bank of America.
Publicis Group media agency Starcom USA will continue to handle media planning and buying and lead digital duties.
Anne Finucane, global strategy and marketing officer, Bank of America, said: "Under [CEO] Brian Moynihan’s leadership, we have fundamentally transformed into a stronger, more straightforward company that serves three groups of customers with distinct financial services.
"These agencies, led by Team Bank of America at WPP, will help us better communicate both the progress we’ve made as well as the value of our brand and our company to all of our stakeholder groups around the world and across all of our lines of business."
Grey, M/SIX, OgilvyOne and Ogilvy Change were brought together in April to form Team News to handle the consolidated £28m media, advertising, direct and strategic responsibilities behind its news operations for multimedia brands The Times, The Sunday Times and The Sun.
Other global Teams include Vodafone, Ford, Kimberly Clark, Unilever and Johnson and Johnson, according to WPP.
Follow Daniel Farey-Jones on Twitter @danfareyjones
This article was first published on campaignlive.co.uk
- Managing Director - Equity potential DU Group £120,000 - £150,000, South Oxfordshire
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All aboard Marissa Mayer’s Yahoo acquisition train
Marissa Mayer certainly knew what was coming when Yahoo announced its $1.1bn (£723m / 857m euros) purchase of blogging platform Tumblr earlier this week. Rather than waiting for the critics to pounce, she issued a rather succinct, clear and highly quotable message proactively: “we promise not to screw it up”.


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Parking the car is already a headache for many. Imagine adding to this the need to charge this vehicle for a considerable time, since it is powered by electric power. With this in mind, CSEM Brasil, in partnership with the multinational energy company AES, has developed a practical and extremely sustainable solution: the Carport project.
The idea is that the product can be easily integrated into cities, using low-cost solar energy and with the smallest possible carbon footprint in the future.
It is estimated that by 2025, electric cars account for 15% of the world market – three times larger than previous growth forecasts. The leap would be great: electric cars today are only 0.86% of the market. However, this trend goes on the wave of a need: there is no other possible future, other than sustainable.
“A parking lot that generates photovoltaic energy makes the most sense today. It is no use to have an electric car, whose energy comes from a thermoelectric plant – replacing the car oil with the oil from the thermoelectric plant – as well as other sources that generate harmful impacts. There is nothing more logical than investing in a system that generates energy, without any harm to the environment, and carries your car that does not pollute,” says Rodrigo Vilaça, project leader at CSEM Brazil.
Next Generation Solar Energy
Solar parking already exists today, but with the technology of the traditional panels. Now the innovation of organic solar panels (OPV – Organic Photovoltaics), developed by CSEM Brazil and brought to market by the Sunew spin-off, bring more practicality, lower cost and more design possibilities.
As traditional technologies have a very heavy material – about 20kg per m² – the structure of a traditional dashboard parking lot needs to be much more robust, increasing production costs, and installation and making it difficult to become popular. The OPV weighs only 400g / m², in addition to being flexible and transparent, giving way to a futuristic and attractive design. All this with a production that uses organic materials at low temperatures, which characterizes the OPV panels as the solar energy with less environmental impact. “A Carport will generate power with much easier installation. Our target is a futuristic, inexpensive and practical parking lot – which you could buy, for example, at Leroy Merlin, take it home and install it wherever you wish, “clarifies Vilaça.


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Dewalt has introduced three new 4.5 in. small angle grinders (DWE4222N, DWE4222, DWE4224) that the company says are ideal for operating in tight spaces.
Dewalt says two of the new grinders (DWE4222, DWE4224) feature a Lanyard Ready Connection, which allows users to utilize a lanyard to tether the grinder to rigid structures at jobsites, and brake that stops the wheel 50 percent faster than previous models.
“The new 4.5 in. small angle grinders raise the bar for the compact small angle grinder with improvements in the key focus areas durability, performance, ergonomics, and ease of use,” says Sean Kelly, group product manager.
Dewalt says key improvements include the Lanyard Ready Connection, improved brake system, a Dust Ejection System that has been taken to a new level of design and functionality, an e-clutch that activates in less than a tenth of a second when a wheel pinch/stall event is detected, and the new motor design. Dewalt says a new motor platform also has been developed yielding 40 percent more copper than the motor on the D28402, upgrading the grinder to 11 Amps and adding another 200 max watts of output power.
At 4.6 lbs and a circumference of 194mm, the slim, ergonomic body design of the grinders allow for comfortable use without sacrificing the performance that users want and need to perform tough cutting and grinding applications, Dewalt says.


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Shares in Wirecard soared more than 150% on Monday, with some citing speculation that French group Worldline might try to buy parts of the German scandal-hit payments company which filed for insolvency last week.
Others said it was a so-called ‘dead-cat bounce’ — market speak for a temporary rally that follows
"With the exception of a small development branch office, no insolvency applications have been filed by Group companies at present,"
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Xiaomi is all set to launch their next Redmi Smartphone in India on tomorrow May 16, 2017.
The company has already sent the media invitation regarding the launch event which will be held in Delhi.
The upcoming Redmi device is supposed to be the successor of Redmi 3S and Redmi 3S Prime.
Earlier, the Redmi 4 and Redmi 4 Prime was launch in China back in November 2016.
The Redmi 4 houses an octa-core Qualcomm Snapdragon 430 coupled with Adreno 505 GPU.
The device sports a 5-inches HD display with a resolution of 720×1280 pixels.
The Redmi 4 comes with 2GB of RAM and 16GB of inbuilt storage. It carries a 13MP rear camera and a 5MP front-facing camera.
The Redmi 4 was priced at CNY 699 (Roughly Rs. 6,900).
In comparison, The Redmi 4 Prime houses a 2GHz octa-core Qualcomm Snapdragon 625 SoC coupled with Adreno 506 GPU.
The device sports a 5-inches HD display with a resolution of 1080 x 1920 pixels.
The Redmi 4 Prime comes with 3GB of RAM and 32GB of inbuilt storage. It carries a 13MP rear camera and a 5MP front-facing camera.
The Redmi 4 Prime was priced at CNY 899 (Roughly Rs. 8,900).
The upcoming Indian variants are supposed to be priced at Rs. 10,000 and the device will be exclusively available on Amazon India.


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The S&P Global/CIPS purchasing managers’ index for the sector fell to 50.9 from 52.6 in July.
This was above the 50.0 mark that separates contraction from expansion, but the lowest level for 18 months.
Chris Williamson, chief business economist at S&P Global Market Intelligence, said: "UK private sector business activity fell for the first time in a year-and-a-half in August as an increasingly severe downturn in manufacturing was accompanied by a near-stalling of the vast services sector.
"Demand for consumer facing services such as restaurants, hotels, travel and other recreational activities is collapsing under the weight of the cost-of-living crisis, with demand for business services also coming under pressure amid concerns over rising costs and the darkening economic outlook. Financial services firms are meanwhile reporting subdued trading amid the recent hikes in interest rates, adding to an increasingly broad-based malaise across the economy.”
The news came as Liz Truss was named the new UK prime minister. Commenting on this, Kate Nicholls, CEO of UKHospitality, said: “Congratulations to Liz Truss on her election as the new leader of the Conservative Party and our Prime Minister. We very much look forward to working closely with her and the new Cabinet in the coming weeks, as we strive to save the hospitality industry, which is experiencing crushing cost rises.
“The new government must act quickly and decisively to address the soaring energy bills that are facing consumers and businesses. With the right package of support – including a reduction in the headline rate of VAT for the sector to 12.5%, a business rates holiday, the deferral of all environmental levies, the reinstatement of a HMRC Time to Pay scheme and the reintroduction of a trade credit insurance scheme for energy – the sector will be well placed to aid growth through generating jobs and local investment.
“Pre-pandemic, our industry spent £10bn a year in high-street regeneration and employed 3.2m people but with energy bills for hospitality businesses rising 300% on average – and as high as 750% in some cases – we desperately need a package of support put in place if we are to be able to play our part in the UK’s economic recovery and growth.”