Thursday, 21 July 2011

Intel Reports Fifth Consecutive Quarter of Record Revenue

Intel Corporation reported its fifth consecutive quarter of record revenue, with revenue of $13.1 billion, up $2.3 billion, 22 percent year-over-year

The company generated approximately $4.0 billion in cash from operations, paid cash dividends of $961 million, and used $2.0 billion to repurchase 93 million shares of common stock.

"We achieved a significant new milestone in the second quarter, surpassing $13.0 billion in revenue for the first time," said Paul Otellini, Intel president and CEO. "Strong corporate demand for our most advanced technology, the surge of mobile devices and Internet traffic fuelling data centre growth, and the rapid rise of computing in emerging markets drove record results. Intel's 23 percent revenue growth in the first half and our increasing confidence in the second half of 2011 position us to grow annual revenue in the mid-20 percent range."

L-1 Identity Solutions Bagged $40 Million Contract from US Digital Fingerprinting Services

L-1 Identity Solutions, Inc. has signed a $40 million deal with the digital fingerprinting services for the State of Tennessee. The three-year contract with the Tennessee Applicant Processing Services (TAPS) program will include two additional one-year renewals for potential combined contract with duration of up to five years.

The fingerprinting services are needed for the citizens employed as child care workers, school employees and real estate and insurance agents. The prints also required for those seeking a State and/or Federal license permit, such as commercial drivers seeking to transport Hazardous Materials (HAZMAT) and citizens seeking to carry a handgun. The State may add more groups to the L-1 fingerprinting network over time.

Ed Jones, Deputy Director of the Tennessee Bureau of Investigation said: "We are excited to partner with L-1 to offer our citizens a secure method to provide fingerprints and background checks required for employment and license permits. L-1 is a leader in electronic fingerprinting and their cutting edge technology will help us process and better protect the citizens of Tennessee from crime, theft and fraud".

L-1 expects to process more than 175,000 applicants per year in Tennessee and will provide residents with 57 convenient locations state-wide for fingerprinting, background checks and gathering other biographical data required for applications and state licence.

Multiple locations will be available in each metropolitan city, as well as in other suburban and rural areas, with citizens able to reach a location less than 60 miles away from their home or office. The services will be available to citizens beginning August 1, 2011.

Austria's First Contactless Credit Cards to Be Launched

Raiffeisen Banking Group Austria (RBG), which is Austria's largest retail banking network, has announced that it will introduce contactless credit cards in Austria.

Starting in August this year, RBG will begin issuing MasterCard PayPass-enabled contactless cards for customers to tap and pay at contactless terminals throughout the country. No PIN or signature is required for contactless payments.

According to RGB, the technology has already been successfully piloted at selected SV Group locations using hobex payment systems terminals. The bank also said to expand its contactless credit cards network in the coming months.

Gemalto Company to First Rollout New M2M Fleet Tracking Solution

Today, Cinterion, the global leader in cellular machine-to-machine (M2M) communication modules and a Gemalto company, and Digital Communications Technologies (DCT) announced several successful early deployments of DCT's Syrus GPS SY2210, a new intelligent tracking, tracing, and reporting device designed for the most demanding fleet management and stolen vehicle recovery solutions.

The new, flexible Syrus GPS solution combines Cinterion-powered, always-on cellular communications with highly sensitive built-in GPS for best-in-class tracking capabilities. It features sophisticated theft recovery tools plus a fully integrated 3-axis accelerometer to detect and help manage driving behaviour. Cinterion's EGS5 Java module is compatible with virtually any end-user platform and enables customisable prompts and reporting plus cost effective, over-the-air software updates to meet wide-ranging customer needs.

Ignacio Escallon, vice president business development, DCT commented, "Cinterion's Java module has been instrumental in helping us offer the most flexible tracking device on the market. We were impressed with Cinterion's superior customer support that helped expedite integration and customization to improve ROI".

Biometric Signature ID Awarded Second Patent for Multi-Factor Identity Proofing Technology

Biometric Signature ID, Inc. announced the receiving of their second patent from the US Patent and Trademark Office (USPTO) for Multi-Factor Identity Proofing Technology.

The patented technology captures the movements made with various input devices such as the computer mouse, touchscreen, finger or other body movements to enrol and create a biometric multi-factor password that is used to identify the person trying to gain access to any devices or systems.

BSI's BioSig-ID was tested by The Tolly Group to be 99.97% accurate in keeping fraudsters from gaining access to secured systems. The technology received a 98% user acceptance rating from first time users who completed customer surveys. The 2 issued patents support a strong suite of Intellectual Property (IP) of over 44 claims dating back to 2004 for their dynamic, gesture biometrics and picture password technology.

Biometric Signature is the only software company with patented dynamic, biometric technology that exceeds government recommendations in the $12.6B Identity and Access Management (IAM) authentication market.

Smartphone Sales to Hit 1 Billion By 2016

According to Juniper's smartphone report 2010 penned by author Daniel Ashdown, "Sales of handsets will surge by 230 percent, from the 302 million sold in 2010. Many consumers will want to upgrade from a feature phone to a smartphone, but still pay a feature phone price".

Juniper also predicts the increase in handsets based on Google's open source (OS) Android platform and the prices of smartphone components becoming cheap, more of consumers will be driven towards buying smartphones in near future.

The smartphone market will also "remain robust" because of the Near Field Communication technology that allows customers to pay by simply waving their mobile phones in front of a contactless reader. Biometrics and 3D, with the addition of other functions such as game-pads being integrated into handsets will also boost sales.

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