Tags Posts tagged with "tech stocks 2017"

tech stocks 2017

    0 17

    Introducing The Fully Electric Off-Road Mercedes G-Class

    Electric vehicles are typically constructed with a specific client in mind, and usually this envisioned customer is most concerned with getting around in ultimate efficiency. Tesla stirred up this stereotype with its fast sports cars, but the new Kreisel customized Mercedes G 350 d with a fully electric drivetrain adds another dimension to the image of the prospective EV buyer. The plan came together thanks in part to a high-profile stakeholder and design partner, Arnold Schwarzenegger. The former governor of California and actor drives a Mercedes G in the United States, but along with Kreisel, wanted to build a version of his beloved car that also meshed with his priorities and values when it comes to seeking out renewable energy alternatives wherever possible.


    Schwarzenegger said in a press release revealing the vehicle, “To me, with the electric version of this fantastic car, a dream has become true. The initial test drive was a real pleasure. The Kreisel is incredibly sporty and perfectly benefits from the advantages e-mobility has to offer. I really look forward to the following test runs and to the gradual further development in California.” The man who played Harry Tasker is now the official test driver for the first converted Mercedes G, and he is going to be helping with future design and development that will happen stateside in association with Austria-based Kreisel Electric.

    This first prototype was assembled in only two months, and carries a “realistic” maximum range of 300 kilometres, pretty impressive for a vehicle whose frame is not designed for maximum EV efficiency. It is powered by an 80 kWh battery, and the ar also claimed a 3 second faster 0 to 60 mph time of around 5.6 seconds, when compared to its gas-guzzling V6 progenitor. It also supports fast charging, recovering 80% of its capacity in just 25 minutes. It is a very cool retrofit, and hopefully one that consumers can soon pick up as an aftermarket modification. Kreisel is currently building a factory for large-scale production of its electric battery packs for use by automotive OEMs and other customers, so this is more of a side project.

    0 18

    Opera Reveals A New Browser Technology Called Neon

    Internet browser technology seems to have become dull. After much modernization, things slowed down since Google Chrome was revealed. We have seen a few interesting experiments, mostly from smaller players like Vivaldi and Brave, but the larger players have pretty much been playing it safe.


    Opera was sold to an association of Chinese companies last year and is switching things up with the reveal of Opera Neon, an experimental desktop browser for both Mac and Windows. They would like to redefine what a current browser should look like. There is no task bar or bookmarks bar to be seen. Round bubbles will replace the tabs at the top. It will automatically grab your desktop’s background image and uses that as the background image of your new home page. There is also a sidebar on the left hand side that will let you control video playback and audio which allows you to watch it even while you are surfing in other tabs. There is a screenshotting tool in the same sidebar. Furthermore, Opera Neon allows you to place two browser tabs side-by-side within the same window if you have a wider or larger screen.

    It would be somewhat difficult to make the change to Opera Neon because it does not support plug-ins yet. It does, however, have some cool features like the pop-out video feature. The browsing seems to work at a quick speed, too. About bookmarks, you have to open up a new tab to get each one. It is not possible to organize them, either. If you have a lot of bookmarks you will end up with a lot of tabs open. Opera’s former CEO said that Neon won’t replace Opera’s existing browser, “However, some of its new features are expected to be added to Opera this spring.”

    0 19

    Quantum Announces Positive Preliminary Fiscal Third Quarter 2017 Results

    SAN JOSE, Calif., Jan. 12, 2017 /PRNewswire/ — Quantum Corp. (QTM) today announced preliminary results for the fiscal third quarter 2017, ended Dec. 31, 2016 that were above the high end of the previously provided guidance range for both total revenue and profitability. The company currently expects:

    • Total revenue of approximately $133 million, up from $128 million in the fiscal third quarter 2016.[1] For the first three quarters of fiscal 2017 (YTD), total revenue grew 8 percent over the same period in fiscal 2016.
    • Scale-out tiered storage revenue[2] (previously referred to as “scale-out storage revenue”) of approximately $40 million, an increase of 12 percent and the 22ndconsecutive quarter of year-over-year growth. Revenue was up 26 percent YTD over the first nine months of fiscal 2016.
    • Total data protection revenue of approximately $83 million, up $2 million.
    • GAAP operating income of approximately $8 million to $9 million and non-GAAP operating income of $9 million to $10 million — an increase of $6 million to $7 million and $2 million to $3 million, respectively.
    • GAAP net income of approximately $6 million to $7 million, or $0.02 per diluted share, and non-GAAP net income of $7 million to $8 million, or $0.03 per diluted share — an increase of $0.02 per diluted share and $0.01 per diluted share, respectively.

    “We’re very pleased with our continued strong performance this fiscal year,” said Jon Gacek, president and CEO of Quantum. “For the third straight quarter, we increased total revenue and profit year-over-year, with growth in both scale-out tiered storage and data protection. In addition, comparing the first nine months of fiscal 2017 to the same period a year earlier, we not only grew scale-out tiered storage 26 percent but also increased branded data protection revenue 7 percent and improved our GAAP and non-GAAP bottom-line results by approximately $28 million and $23 million, respectively.

    “We ended the quarter with excellent momentum across all product categories, and we start our fiscal fourth quarter with a strong backlog and solid funnel. Therefore, we feel very confident in our ability to deliver year-over-year revenue growth again in the current quarter and exceed our annual revenue and profitability guidance for fiscal 2017.”

    Quantum will provide more detailed financial results for the fiscal third quarter and updated guidance for fiscal 2017 in its earnings announcement on Jan. 25, 2017 (see below for conference call information).

    Earnings Conference Call and Audio Webcast Notification
    Quantum will issue a news release on its fiscal third quarter financial results on Wednesday, Jan. 25, 2017, after the close of the market. The company will also hold a conference call and live audio webcast to discuss these results that same day at 2:00 p.m. PST. Press and industry analysts are invited to attend in listen-only mode.
    Dial-in number: +1 (503) 343-6063
    Participant passcode: 49870309
    Replay number: +1 (404) 537-3406
    Replay passcode: 49870309
    Replay expiration: Wednesday, Feb. 1, 2017
    Webcast site: www.quantum.com/investors

    About Quantum
    Quantum is a leading expert in scale-out tiered storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. Quantum’s end-to-end, tiered storage foundation enables customers to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. See how at www.quantum.com/customerstories.

    Quantum and the Quantum logo are registered trademarks of Quantum Corporation and its affiliates in the United States and/or other countries. All other trademarks are the property of their respective owners.

    “Safe Harbor” Statement: This press release contains “forward-looking” statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Specifically, but without limitation, statements relating to: i) our expected financial results for the fiscal third quarter 2017 and for the first three quarters of fiscal 2017; and ii) our confidence in our ability to deliver year-over-year revenue growth again in the current quarter and exceed our annual revenue and profitability guidance for fiscal 2017, are forward-looking statements within the meaning of the Safe Harbor. All forward-looking statements in this press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum’s actual results to differ materially from those implied by the forward-looking statements. More detailed information about these risk factors are set forth in Quantum’s periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled “Risk Factors,” in Quantum’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 3, 2016 and in Quantum’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 4, 2016. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

    Use of Non-GAAP Financial Measures

    Quantum believes that the non-GAAP financial measures disclosed above provide useful and supplemental information to investors regarding its quarterly financial performance. Quantum management and Board of Directors use these non-GAAP financial measures internally to understand, manage and evaluate the company’s business results and make operating decisions. For instance, Quantum management often makes decisions regarding staffing, future management priorities and how the company will direct future operating expenses on the basis of non-GAAP financial measures. In addition, compensation of our employees is based in part on the performance of our business based on non-GAAP operating income.

    The non-GAAP financial measures used in this press release exclude the impact of the item below for the following reason:

    Amortization of Intangible Assets
    This includes acquired intangibles such as purchased technology in connection with prior acquisitions. These expenses are not factored into management’s evaluation of potential acquisitions or Quantum’s performance after completion of the acquisitions because they are not related to Quantum’s core operating performance. In addition, the frequency and amount of such charges can vary significantly based on the size and timing of acquisitions and the maturities of the businesses being acquired. Excluding acquisition-related charges from non-GAAP measures provides investors with a basis to compare Quantum against the performance of other companies without the variability caused by purchase accounting.

    Share-Based Compensation Expense
    Share-based compensation expense relates primarily to equity awards such as stock options and restricted stock units. Share-based compensation is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond Quantum’s control. Management believes that non-GAAP measures adjusted for share-based compensation provide investors with a basis to measure Quantum’s core performance against the performance of other companies without the variability created by share-based compensation as a result of the variety of equity awards used by other companies and the varying methodologies and assumptions used.

    Restructuring Charges
    Restructuring charges primarily relate to expenses associated with changes to Quantum’s operating structure. Restructuring charges are excluded from non-GAAP financial measures because they are not considered core operating activities. Although Quantum has engaged in various restructuring activities in the past, each has been a discrete event based on a unique set of business objectives. Management believes that it is appropriate to exclude restructuring charges from Quantum’s non-GAAP financial measures, as it enhances the ability of investors to compare Quantum’s period-over-period operating results from continuing operations.

    Proxy Contest and Related Costs
    Proxy contest and related costs are expenses incurred to respond to activities and inquiries of VIEX Capital Advisors, LLC, including their proxy solicitation. These costs are not considered core operating activities. Management believes that it is appropriate to exclude these costs in order to provide investors the ability to compare Quantum’s period-over-period operating results from continuing operations.

    Crossroads Patent Litigation Costs
    Crossroads patent litigation costs are expenses incurred to defend ourselves and perform other activities related to a patent infringement lawsuit filed by Crossroads Systems, Inc. These costs are excluded from non-GAAP financial measures because they are not considered core operating activities, and management believes that it is appropriate to exclude these costs in order to provide investors the ability to compare Quantum’s period-over-period operating results from continuing operations.

    Loss (Gain) on Debt Extinguishment
    The loss (gain) on debt extinguishment relates to specific actions undertaken during the third quarter of fiscal 2017. The loss and gain are excluded from non-GAAP financial measures because they are not considered a core operating activity and management believes that it is appropriate to exclude the loss and gain in order to provide investors the ability to compare Quantum’s period-over-period results from continuing operations.

    Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. They are limited in value because they exclude charges that have a material impact on the company’s reported financial results and, therefore, should not be relied upon as the sole financial measures to evaluate the company. The non-GAAP financial measures are meant to supplement, and be viewed in conjunction with, GAAP financial measures. Investors are encouraged to review the reconciliation of the non-GAAP financial measures to their most directly comparable GAAP financial measures as provided in the tables accompanying this press release.

    Important Information

    Quantum Corporation (the “Company”), its directors and certain executive officers will be participants in the solicitation of proxies from stockholders in connection with the Company’s Annual Meeting of Stockholders for the fiscal year ended March 31, 2016 (the “Annual Meeting”). The Company has received a notice of nominations for the election of directors from VIEX Capital Advisors, LLC in connection with the Annual Meeting and it is possible that there may be a contested solicitation in connection with the Annual Meeting. The Company plans to file a proxy statement (the “Proxy Statement”) with the Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies for the Annual Meeting.

    The members of the Board of Directors of the Company and Fuad Ahmad, Chief Financial Officer, would be participants in the Company’s solicitation of proxies in connection with the Annual Meeting. As of December 31, 2016, the holdings of the participants in the Company’s common stock were as follows: Robert I. Anderson – 49,277 shares; Paul R. Auvil III – 597,509 shares; Louis DiNardo – 292,871 shares; Fuad Ahmad – 0 shares; Dale L. Fuller – 197,542 shares; Jon W. Gacek – 1,726,628 shares and options to purchase 1,300,000 shares exercisable within 60 days; David A. Krall – 342,354 shares; Gregg J. Powers – 15,423,566 shares, of which 14,594,195 shares are held in managed accounts of Private Capital Management, LLC, of which Mr. Powers is CEO and Portfolio Manager, and as to which Mr. Powers disclaims beneficial ownership; Clifford Press – 0 shares; and David E. Roberson – 329,263 shares. Additional information regarding such participants, including updated information as to their direct or indirect interests, by security holdings or otherwise, will be included in the Proxy Statement and other relevant documents to be filed with the SEC in connection with the Annual Meeting. To the extent that holdings of the Company’s securities change from the amounts reflected in the foregoing, such changes will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC.

    Promptly after filing its definitive Proxy Statement with the SEC, the Company will mail the definitive Proxy Statement to each stockholder entitled to vote at the Annual Meeting. STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain, free of charge, the Company’s preliminary proxy statement, any amendments or supplements thereto and any other relevant documents filed by the Company with the SEC in connection with the Annual Meeting at the SEC’s website (http://www.sec.gov). Copies of the Company’s definitive proxy statement, any amendments or supplements thereto and any other relevant documents filed by the Company with the SEC in connection with the Annual Meeting will also be available, free of charge, at the Company’s website (www.quantum.com) or by writing to Investor Relations, Quantum Corporation, 224 Airport Parkway, Suite 550, San Jose, CA 95110.

    [1] All comparisons are relative to the fiscal third quarter 2016 unless otherwise noted.
    [2] All references to scale-out tiered storage revenue and data protection revenue include related service revenue.

    Brad Cohen
    Public Relations
    Quantum Corp.
    +1 (408) 944-4044
    [email protected]

    Brinlea Johnson or Allise Furlani
    Investor Relations
    The Blueshirt Group
    +1 (212) 331-8424 or +1 (212) 331-8433
    [email protected] or [email protected]

    0 56

    SACRAMENTO, Calif., Oct. 20, 2016 /PRNewswire/ — IDdriven, Inc. (OTCQB: IDDR), developer of the new breed of Identity and Access Management (“IAM”) solutions, today announced it has been awarded a contract for its IDdriven-branded Identity as a Solution (“IDaaS”) program from a government-owned West European utility company with about one thousand employees.

    IDdriven was awarded a one-year contract, with automatic renewals, through a formal Request for Proposal (RFP) process that encompassed a months-long extensive competitive bidding process and exhaustive due diligence by the customer.

    IDdriven was selected after competing head-to-head against several of the world’s largest and best known global IT and IAM industry companies. Given the importance of the customer’s services, which by its nature hold national security implications, it requires best-in-class solutions to meet its cyber-security related needs. The customer has fully implemented Phase I of the IDdriven solution for identity and access management including life cycle management, reporting, facility access and related security functions across its employees.

    Commenting on the contract, Arend Verweij, IDdriven Chief Executive Officer, said, “After competing directly against a lineup of IAM and IDaaS industry ‘800-pound gorillas,’ this is a big win for IDdriven.

    “With a growing pipeline of valuable new business prospects, and having announced our new US Sales Director last month, we have strong marketplace momentum and expect our sales to accelerate now and throughout 2017,” Mr. Verweij added.

    While some of this contract’s revenue will be booked into IDdriven’s third quarter ended September 30, its first full quarter of production revenue will be recorded in the current, fourth quarter ending Dec. 31. With Phase I of this contract now implemented, the companies are collaborating on rolling out a Phase II which includes in-depth custom integration and subscriber expansion.

    About IDdriven
    With its next-generation IDaaS program of the same name, IDdriven, Inc. is at the forefront of the new breed of Identity Management and Access Governance solutions. Taking the complexity and upfront costs out of implementation, IDdriven is trusted to protect a company’s most vulnerable assets. Founded in 2013, IDdriven is headquartered in Sacramento, California. To learn more, visit: www.IDdriven.com.

    Forward-Looking Statement Disclosure
    This news release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond IDdriven’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our software programs, (ii) development and protection of our intellectual property, (iii) industry competition, (iv) we may need to raise capital to meet business requirements. More detailed information about IDdriven and the risk factors that may affect the realization of forward looking statements is contained in our filings with the Securities and Exchange Commission which are available on our website and at www.sec.gov. IDdriven assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

    Company Contact
    E: [email protected]
    T: 415.226.7773

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