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IBM and Lenovo executives are bullish that the $2.3 billion sale of IBM’s x86 server enterprise to Lenovo, introduced today, is decent for channel partners and offers the information for them to extend enterprise alternatives with consumers.
however which purchasers?
As Tom Rosamilia, senior vp for IBM's systems and technology group, made pellucid in a media teleconference today involving Lenovo’s plans to acquire IBM’s x86 server company, the stream is one more illustration of how IBM continues to seriously change its trade to lead predominant shifts in expertise and remixes its portfolio to hub of attention on better-cost items for commercial enterprise purchasers.
In selected he spoke of contemporaneous information related to the formation of a fresh Watson company unit -- the IBM Watson community -- committed to the development and commercialization of cognitive computing, as well as the opening of 40 statistics centers in 15 nations, a $1.2 billion investment to expand its world cloud computing infrastructure based mostly its acquisition of SoftLayer technologies Inc. in July 2013.
“We’re invariably investing in innovation and are making Watson know-how attainable within the cloud as a structure platform for the worldwide neighborhood of utility application suppliers,” Rosamilia referred to.
With the Lenovo/IBM x86 server sale – which contains device x, BladeCenter and Flex system blade servers and switches, x86-based Flex built-in programs, NeXtScale and iDataPlex servers and associated utility, blade networking, and protection operations -- IBM can focal point on system and utility innovation in strategic areas reminiscent of large facts analytics, cloud and safety, the enterprise stated.
Peter Hortensius, senior vp and president for the believe trade group with Lenovo, said: "Lenovo's music listing in working with the channel speaks for itself. we're a very channel-focused enterprise, and the remarks they absorb gotten early on from their channel partners has All been very tremendous. And they now absorb a number [of partners both IBM and Lenovo] carry out company with, and a number of IBM-entertaining or Lenovo-interesting [partners], and this offers possibility for All of them."
these days’s Lenovo/IBM x86 server announcement wasn’t unanticipated for IBM Premier trade partner sign Wylie, CEO of Flagship solutions neighborhood, discovered in Boca Raton Fla., who has been listening to rumors of this sort of flood considering the fact that closing 12 months.
“It’s a analytic shift for IBM far from what is traditionally a lessen-margin enterprise and frees up elements to focus on growth in rising enterprise markets, or non-hardware-intensive enterprise,” he noted.
while Flagship has been a huge PureFlex accomplice for IBM and may exist impacted by today’s announcement, the particulars of which are uncertain for the time being, in keeping with Wylie, the enterprise besides presents cloud computing options and Put in a single of the primary software orders for SoftLayer when it grew to become an IBM company.
“We work with organizations that absorb hybrid cloud implementations and businesses that absorb no on-web site device in any respect who began their application construction on Amazon cloud. I forecast lots of these businesses will movement to SoftLayer since it’s greater business-class,” he talked about.
Flagship is additionally working with a clinical company and the Watson group to verify what intelligence information will besides exist gleaned from more than 10 million scientific records to exist used in the future.
With itsy-bitsy certain suggestions to run on as to how the x86 server trade sale influences channel partners, it’s a wait-and-see circumstance. in response to Hortensius, the transaction may remove one more six to 9 months to shut.
whereas there absorb been few particulars in regards to the absorb an upshot on of the sale on IBM's channel partners, IBM and Lenovo did notice that that they contrivance to enter privilege into a strategic relationship that includes a global OEM and reseller settlement for sale of IBM’s entry and midrange Storwize disk storage systems; tape storage systems, conventional Parallel File gadget utility; SmartCloud Entry self-provider portal; and features of IBM’s device utility portfolio, including methods Director and Platform Computing options.
“We comprehend IBM will OEM to Lenovo but will I, for example, exist in a position to order within the Flex gear using an IBM half number even it’s provided by way of Lenovo?” asked Wylie, noting that it’s too early to inform how issues will pan out.
nevertheless, IBM and Lenovo are bullish that nowadays’s announcement is fine information for channel companions, pointing out that there’s already overlap between what Lenovo has in its workstation and server enterprise and how IBM goes to market in device x.
Rosamilia noted that these days’s announcement exposes a more wide portfolio and greater break for companions.
“Lenovo has products on the lessen conclusion of the dimensions that they don’t absorb and allows us to absorb a broader portfolio going ahead with their channel companions. also, IBM has a full community of value companions and value distributors and now they now absorb a higher set of capabilities, flexibility and ease of doing enterprise that we’re capable of entrap for superior performance with them,” he referred to.
Stephen Leonard, chummy manager of revenue in IBM’s gadget and expertise neighborhood, delivered that these days’s announcement items a pretty fine possibility for channel companions to extend their trade around both Lenovo and IBM products, such because the vigor programs, mainframe and storage items.
“We deem that the composite of these two issues will beef up the Place their channel has within the market and will provide them the capability to compete plenty more [broadly] and deeper in the markets they serve and add greater value to the consumers that they support, he stated.
IBM has pronounced its third-quarter revenues absorb been $23.72 billion in comparison to $24.74 billion this time terminal 12 months. The revenues had been down due to the company’s underperforming hardware division, which is taking a hit with the turning out to exist recognition of cloud functions. Revenues for the nine-month length totaled $seventy two.1 billion, a reduce of 4 p.c, compared with $seventy five.2 billion for the nine months of 2012.
Revenues within the hardware group absorb been down basically utterly throughout the board. Revenues from its techniques and expertise segment totaled $three.2 billion for the quarter, down 17 % from the third-quarter of 2012. Pre-tax earnings decreased $291 million to a loss of $167 million.
complete systems revenues lowered 19 p.c, and revenues from vigor systems were down 38 % compared with the 2012 duration. Revenues from gadget x had been down 18 %. Revenues from gadget z mainframe server items expanded 6 % in comparison with the 12 months-in the past length. complete delivery of gear z computing energy, as measured in MIPS (millions of guidelines per 2nd), elevated 56 p.c. Revenues from system Storage lowered eleven %. Revenues from Microelectronics OEM extended 1 %.
software revenues had been up simply 1 percent the prior yr, showing again the company’s stagnating revenues within the third quarter.
“Hardware is down as a fashion,” referred to Ray Wang, co-founder of Constellation analysis. “there's an affect as a result of of cloud computing.”
IBM had some of its most fulfilling consequences with its cloud services efforts. Cloud earnings is up more than 70 p.c yr so far with salary in third-quarter exceeding $1 billion, of which about $460 million is delivered as a cloud service.
As greater businesses opt for cloud services, it can exist expected that this style will proceed for IBM and different trade providers.
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Lenovo Tab V7 features a 13-megapixel rear camera with LED glitter and a 5-megapixel front-facing camera with support for kisser unlock.
Lenovo has launched Lenovo Tab V7 at the Mobile World Congress (MWC) 2019 tech trade show. The tablet is priced at Euros 249 (Rs 20,060 approx.) and will exist available for sale starting April 2019. The Lenovo Tab V7 comes in Slate Black colour.
The Lenovo Tab V7 features a 6.9-inch 18:9 FHD+Display with 2160 x 1080 pixels resolution, 84% NTSC Color Gamut, 350 nits brightness. It is powered by 1.8GHz Octa-Core Snapdragon 450 processor with Adreno 506 GPU. The tablet comes in two variants - 3 GB RAM + 32 GB storage and 4 GB RAM + 64 GB storage.
Lenovo Tab V7 features a 13-megapixel rear camera with LED glitter and a 5-megapixel front-facing camera with support for kisser unlock. It features a fingerprint sensor at the back and runs on Android 9 Pie operating system out-of-the-box. The Lenovo Tab V7 is a dual SIM tablet with both SIMs carrying support for 5G connectivity.
The tablet is backed up by 5180mAh built-in battery with rapid charging. The company claims to proffer up to 10 hours of local video playback and browsing time, and up to 30 hours of talk time. It measures 177.9 x86.5 x 7.89mm and it weighs 195 grams. For connectivity features, the device has 4G VoLTE, WiFi 802.11 ac (2.4GHz + 5GHz), Bluetooth 4.2 LE, GPS / GLONASS, USB Type-C.
Value investors actively gape for stocks that they contemplate the market has undervalued. It is their belief that the market overreacts to fine and tainted news, which results in stock price movements that carry out not correspond with a company's long-term fundamentals. This, according to them, creates an break to profit when the price of the stock goes down. Value investors turn to financial ratios to help anatomize a company's fundamentals.
The price-to-book (P/B) ratio is widely favored by value investors for identifying low-priced stocks with exceptional returns. The ratio is used to compare a stock’s market value/price to its bespeak value.
The P/B ratio is calculated as below:
P/B ratio = market price per share/book value of equity per share
Now let us understand the concept of bespeak value.
Understanding bespeak Value
There are several ways by which bespeak value can exist defined. bespeak value is the total value that would exist left over, according to the company’s balance sheet, if it goes bankrupt immediately. In other words, this is what shareholders would theoretically receive if a company liquidates All its assets after paying off its liabilities.
It is calculated by subtracting total liabilities from the total assets of a company. In most cases, this equates to the common stockholders’ equity on the balance sheet. However, depending on the company’s balance sheet, intangible assets should besides exist subtracted from the total assets to determine bespeak value.
Understanding P/B Ratio
By comparing the bespeak value of equity to its market price, they score an notion of whether a company is under- or overpriced. However, infatuation P/E or P/S ratio, it is always better to compare P/B ratios within industries.
A P/B ratio less than one means that the stock is trading at less than its bespeak value, or the stock is undervalued and therefore a fine buy. Conversely, a stock with a ratio greater than one can exist interpreted as being overvalued or relatively expensive.
For example, a stock with a P/B ratio of 2 means that they pay $2 for every $1 of bespeak value. Thus, the higher the P/B, the more expensive the stock.
But there is a caveat. A P/B ratio less than one can besides value that the company is earning weak or even negative returns on its assets, or that the assets are overstated, in which case the stock should exist shunned because it may exist destroying shareholder value. Conversely, the stock’s price may exist significantly high — thereby pushing the P/B ratio to more than one — in the likely case that it has become a takeover target, a fine enough reason to own the stock.
Moreover, the P/B ratio isn't without limitations. It is useful for businesses — infatuation finance, investments, insurance and banking or manufacturing companies — with many liquid/tangible assets on the books. However, it can exist delusive for firms with significant R&D expenditure, high debt, service companies or those with negative earnings.
In any case, the ratio is not particularly relevant as a standalone number. One should anatomize other ratios infatuation P/E, P/S and debt to equity before arriving at a reasonable investment decision.
Price to bespeak (common Equity) less than X-Industry Median: A lower P/B compared with the industry middling implies that there is enough margin for the stock to gain.
Price to Sales less than X-Industry Median: The P/S ratio determines how much the market values every dollar of the company’s sales/revenues — a lower ratio than the industry makes the stock attractive.
Price to Earnings using F(1) rate less than X-Industry Median: The P/E ratio (F1) values a company based on its current share price relative to its estimated earnings per share — a lower ratio than the industry is considered better.
PEG less than 1: PEG ratio links the P/E ratio to the future growth rate of the company. PEG ratio portrays a more complete picture than the P/E ratio. A value of less than 1 indicates that the stock is undervalued and investors exigency to pay less for a stock that has lustrous earnings growth prospects.
Current price greater than or equal to $5: They must All exist trading at a minimum of $5 or higher.
Average 20-Day Volume greater than or equal to 100,000: A substantial trading volume ensures that the stock is easily tradable.
Zacks Rank less than or equal to #2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
Value Scoreequal to A or B: Their research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 proffer the best opportunities in the value investing space.
Here are six of the eight stocks that qualified the screening:
Mallinckrodt Public Limited Company MNK, a specialty biopharmaceutical company, currently has a Zacks Rank #2 and a Value Score of A. It has a 3-5 year EPS growth rate of 12%. You can espy the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies Inc. DELL, a provider of information technology solutions, currently has a Zacks Rank #2 and a Value Score of A. It has a 3-5 year EPS growth rate of 12%.
American Axle & Manufacturing Holdings, Inc. AXL is a leading supplier of driveline and drivetrain systems, modules and components for the light vehicle market. It has a Zacks Rank #2 and a Value Score of A. It has a 3-5 year EPS growth rate of 8.1%.
Daqo fresh Energy Corp. DQ manufactures and sells high-quality polysilicon to photovoltaic product manufacturers. The company has a projected 3-5 year EPS growth rate of 29%. It currently has a Zacks Rank #2 and a Value Score of A.
General Motors Company GM, a leading global automotive company, currently has a Zacks Rank #2. It has a 3-5 year EPS growth rate of 8.5% and a Value Score of A.
CAI International, Inc. CAI, a leading intermodal freight container leasing and management company, has a projected 3-5 year EPS growth rate of 8%. CAI International currently has a Zacks Rank #2 and a Value Score of A.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or absorb sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or absorb sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to score this free report CAI International, Inc. (CAI) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL) : Free Stock Analysis Report DAQO fresh Energy Corp. (DQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Mallinckrodt public limited company (MNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
If you follow smartphone news, you may absorb read that Apple and Samsung has had a less-than-stellar 2018, mainly due to falling sales in China and Southeast Asia (examples: in Thailand, Apple’s and Samsung’s market shares dropped 52.2% and 36.1%, respectively, in the fourth quarter of 2018 compared to the same term in 2017, according to research firm Canalys; and in China, Samsung’s market share had fallen below 1% in 2018, becoming virtually extinct). The reason for the steep decline is clear: Chinese phone brands are pumping out mid-tier products so good, it is harder and harder to justify buying a top flagship device.
Vivo’s latest, the V15 Pro, which was announced today and is aimed squarely at the Southeast Asia market, sends a pellucid signal that Chinese brands aren’t going to let up in 2019.
Even in an industry that moves at a breakneck pace, Vivo's V series may exist the fastest evolving line in the industry. Exactly two years ago, I tested the the V5 Plus, and 24 months later they are already at the V15.
The astronomical number jump is helped by the V series' "odd number only" styling–the V5 jumped to the V7, then to the V9, etc.–and the skipping of V13 altogether. Vivo didn't explain why the line skipped 13, but I contemplate it has more to carry out with Vivo wanting to sign a significant design/spec upgrade rather than following western superstition.
I contemplate the logic is apt. The V15 Pro departs from the design language set by the V7, V9 and V11, instead taking cues from its higher-end Apex/Nex series with notch-less screen design that uses an elevating, pop-up system to house the selfie camera.
This pop-up front-facing camera continues the V series' trend of pushing the boundaries of what's necessary for selfies. When the V5 was released two years ago, Vivo dubbed that phone "the perfect selfie phone" due to its 20-megapixel camera, which was the highest resolution by far at the time. Now, the V15 Pro's selfie camera is an absurd 32-megapixel lens. And yes, this is a "world's first"–words that Chinese brands are increasingly fighting to claim.
Around the back is a triple camera system that adds a wide-angle lens to the established main+depth sensor set-up. I absorb written about the usefulness of the wide-angle lens for years, and I'm excited that other brands–it is rumored the next iPhone will absorb one, too–have finally jumped on board after being an LG exclusive for many years.
The ease of the package isn't quite as exciting as the cameras, but we'll vanish over that briefly before getting back to talking about the main selling point.
Hardware: blend of cutting-edge and outdated tech
The Vivo V15 Pro runs on a Snapdragon 675 processor, Qualcomm's fresh upper-mid chipset that isn't quite on par with the 855 or 845 but a step above the 710. It was mainly designed to ply Sony's 48-megapixel IMX586 sensor that has been All the rage with mid-tier Chinese handsets in recent weeks, as well as improved battery efficiency. The chipset worked without problems for me and scored a very impressive 2390 and 6501 on Geekbench's single- and multi-core tests, respectively.
The uninterrupted, notch-less pomp is a 6.4-inch OLED panel with a fingerprint sensor underneath it, and it is very similar to the terminal pair of Vivo V phones in that the panel is very good, but slightly less impressive than the panels institute on top tier flagships, mainly because max brightness and resolution doesn't score as high. There is no color-shift when viewing at off-angles, and colors are generally accurately represented, however. And without a notch digging into the screen, full-screen media carry out gape more immersive.
The pop-up selfie camera module seems to exist even faster than the one in the Vivo Nex, and in over a week of expend I absorb not encountered any issues with lag or the module getting stuck. The under-display fingerprint reader is besides best in-class, allowing unlocking that's almost as rapid as a traditional fingerprint sensor now.
There are two major disappointments with the hardware in my opinion: the first is the plastic corpse that feels below par, even factoring that this is a mid-tier handset selling in the $550 range. Less expensive handsets from Xiaomi or veneration give us glass or aluminum bodies, both feel sturdier and better in the hand than plastic. The plastic feels especially cheap after handling two ceramic-backed phones recently in the Xiaomi Mi blend 3 and Meizu Zero.
The other major gripe: the V15 Pro still charges via Micro-USB, the dying port that has been replaced two years ago by the vastly superior USB-C. Vivo's reasoning is that the V series is aimed at developing markets in Southeast Asia, and USB-C adoption there isn't as wide as in, say, the U.S. or Hong Kong. This thinking was equitable in 2017, or even 2018. But I contemplate that in 2019 users everywhere are ready to get the move. I’ve certainly heard enough feedback from readers here and viewers on my YouTube channel to know that Micro-USB ports are not desired.
And so I find the Vivo V15 Pro's hardware a series of contradictions and juxtaposition. The phone has impressive, spec-sheet stuffing cameras, a fingerprint scanning tech that most Americans absorb never gotten the casual to try yet, and a bezel-less, all-screen display, but the phone is wrapped in plastic and charges via a port no techie want to espy again. At least the battery size has been increased to a respectable 3,700 mAh — and battery life is excellent thanks to the usual Chinese software battery optimization — so the phone only needs to exist topped up once a day.
Cameras: strength in numbers
One of the common misconception among casual tech observers is that the larger the megapixel count, the better the camera. That is not true, and in smartphone photography specifically, software image processing and camera sensor size are more important. But with that said, having more pixels doesn’t hurt, and the 48-megapixel camera shines partly because of it.
The 48-megapixel sensor uses Sony’s fresh “Quad Bayer” color filtering tech in which pixels in the images are filtered through the same color in 2 X 2 grids. This, along with a process called pixel-binning that effectively combines four pixel’s worth of data into one, means the final image captured is far brighter and well-detailed than mobile cameras had previously offered. It helps that Vivo’s image processing is even-handed and not overly aggressive infatuation Huawei’s. In the first photo sample below, which uses both Quad Bayer and pixel binning for bear the 12-megapixel shot, notice the image is well-balanced: the lights on the buildings across Hong Kong's Victoria Harbor are properly exposed, while the shaded areas closer to the bottom left corner of the image are well lit. The lustrous lights from the orange roofed structure on the privilege edge of the photo is besides accurately represented. The image overall besides has minimal noise. For a mid-tier handset, this is an impressive image, and most of this was post-image processing via the Quad Bayer system and Vivo’s own “A.I.-assisted” algorithms at work.
Below is another illustration of Vivo’s algorithm cleaning up the image a bit to get it more appealing. The iPhone image is more natural to real life to my eyes, but Vivo’s shot cools the image temperature a bit to remove the yellow hue of the incandescent street lights, and besides pulled in more light in the darkest parts of the alley.
Now shooting in full 48-megapixel resolution, the camera’s algorithm can’t carry out as much post-shot tweaking as there is no pixel binning or Quad Bayer tech involved, so very fine lighting is more crucial. If you shoot on a sunny day, you will score a shot that allows you to zoom more than usual without losing much image integrity. Check out the two samples below, of the original 48-megapixel shot, and then a cropped image zooming All the way into the sign.
Moving on to the wide-angle lens, it offers a field of vision of 120-degrees, which is wider than what LG offers on its V40, but the V15 Pro’s wide-angle shots tend to suffer from slight distortion. The wide-angle lens, infatuation shooting in full 48-megapixel resolution, is besides best used during the day, as it really struggles with hullabaloo and exposure compared to shooting in the optimal Quad Bayer/pixel-binning 12-megapixel mode, but it is still a useful lens to have. I absorb written this for years—a wide-angle lens allows the middling Joe without professional gear or shooting skills to capture more dynamic, eye-grabbing shots. It is far more useful in my belief than the telephoto zoom lens offered by Apple’s and Samsung’s phones. I contemplate both companies know this, too, as the next Samsung and Apple flagship phones coming will likely add a wide-angle shooter, too. Below are two sets of images with the first being a habitual shot, and the second a wide-angle shot. Notice the night shot, the wide-angle image suffers from overexposure and loss of details.
I am not the best person to review the selfie camera as I dislike taking selfies and my less-than-perfect skin doesn’t want to exist shot in super high resolution. But in general, I can drawl the selfie camera is on point, with a powerful software bokeh mode that can simulate edge detection well (which makes me wonder why phones bother with a dedicated depth sensor anymore) and has a shorter focal length for a wider field of vision. You can zoom very nigh to your face—in the sample below, I can tug nigh enough to espy my pores and blemishes. This is a camera that should exist fine enough to bear printable, full-sized headshots.
Overall, the V15 Pro’s camera is very impressive, especially factoring in the phone’s price point. Its night shots and no OIS (optical image stabilization) when shooting videos retain it from truly beating the top flagship phones, but it’s far closer than the $400 to $500 suggests.
Software, performance, battery: decent, good, excellent, respectively
I absorb written in the past about my dislike of Vivo’s Android skin, named FunTouch, but version 9 that runs here on the device has been improved to a point that I don’t dislike it anymore. It’s still nowhere near my favorite software (OxygenOS, which ironically is developed by Vivo’s sister company OnePlus). Overall, software aesthetics has been improved with fresh animations and more modernized, Google-like app icon aesthetics. There is now a search option within settings (previous Vivo devices didn’t proffer this and it annoyed me to no end), and there are useful software feature additions such as a pop-up chat bubble for All major chat apps. For example, when I’m watching a movie on Netflix and a WeChat message comes through, a small pop-up bubble displays in the corner, and I can either boot it or tap on it and open a split-screen response box while the movie continues to play, mostly uninterrupted. On something infatuation an iPhone, I must leave the NetFlix app to respond to the message. It’s a small touch on Vivo’s part, but it improves user experience.
Overall performance is smooth, too, despite the relatively low 6GB of RAM on my demo unit. The Snapdragon 675 chipset is comparable to the 710, and handles daily tasks fine. Battery performance is excellent and can easily terminal All day even under hefty use—which is a line I should just copy and paste into Chinese phone reviews at this point. I don’t know why South Korean and Japanese Android phone brands haven’t caught on to Chinese brands’ optimization, because battery performance on Vivo, Huawei, Xiaomi, and Oppo phones far outperform any LG, Sony or Samsung handsets I’ve tested.
Conclusion: Chinese brands continue to chip away at astronomical dogs
Official pricing hasn't been announced yet for the V15 Pro at time of this writing, but I am certain it will exist in the $450 to $550 range, and at this price, it’s offering a lot for the dollar. The veneration View 20 and OnePlus 6T is probably still a better value overall because they absorb a more premium build and chipset, but the V15 Pro has a totally uninterrupted pomp and the best selfie camera of the three. Vivo is selling this phone mostly in the Southeast Asia market, and it should exist a hit.
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