TIO Networks continues to be undervalued, says PI’s Sangha

It is unlikely TIO Networks (TSX:TNC) are ready to still post 100% year-over-year revenue growth, however the stock remains undervalued, says PI analyst Pardeep Sangha.

Yesterday, TIO reported  its this fall and financial 2014 results. within the fourth quarter, the corporate attained $20,655 on revenue of $19.69-million, a topline that was up 100% over identical amount a year previous.

“We had a very very good quarter and year driven by vital organic and inorganic growth,” aforementioned corporate executive Hamed Shahbazi. “Fiscal 2014 was a year marked by the eminent execution of large-scale and purposeful initiatives that have positioned Tio for additional growth. Going forward, we have a tendency to area unit assured regarding our growth prospects in financial  2015, which is able to embrace a full years contribution of each Globex and ChargeSmart revenue — we've got ne'er been stronger. we have a tendency to still target opportunist acquisition and growth opportunities.”


Sangha notes that TIO’s revenue growth was driven by the company’s Globex acquisition and also the acquisition of Leap Wireless (Cricket) by AT&T. He expects that the company’s revenue can decline from this fall to Q1 due to a amendment in revenue recognition for Cricket customers migrating onto the AT&T GSM network, however says this decline are part offset by growth within the overall range of AT&T locations.

The analyst expects TIO’s revenue can grow to $72-million in financial  2015 then to $75-million the subsequent year. He thinks the company’s gross margins can increase to thirty third in 2015 and to thirty ninth in 2016.

In a analysis update to shoppers this morning, Sangha maintained his obtain recommendation and annual target worth of $1.50 on TIO Networks.

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CGI remains undervalued.

The valuation gap between CGI cluster (TSX:GIB.A) and its additional expensively priced peers can begin to tighten as a result of the worth creation from its “contrarian” acquisition of Logica can ultimately surmount expectations, says Cormark analyst Richard Tse.

Next weekday, before market open, CGI can report its Q3, 2014 results. the corporate is returning off a Q2 within which it announce earnings of $229.6 million on revenue of $2.7-billion, up seven-membered from last year’s second quarter topline.

Tse says that at one.2x EV/Sales, 10.6x P/E, and 7.2x EV/EBITDA, supported his business 2015 estimates, CGI remains undervalued. He believes the Logica integration can still reveal synergies against a background of improvement within the European macro image. “The stock’s valuation on C2015 EPS is twenty fifth below a broad comparable cluster of IT Services names that embrace European and government/defense-focused firms,” he says.

For the coming third quarter, Tse thinks CGI can generate operational EPS of $0.74 per share on revenue of $2.8-billion, basically in-line with accord expectations. The Cormark Associate in Nursingalyst believes an accelerated debt-repayment schedule may presently place CGI in position to pursue another “sizable” acquisition.

In a analysis update to shoppers this morning, Tse reiterated his “Buy” recommendation and $45.00 annual target on the stock.

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ViXS Systems could be a purchase, says Cormark analyst Tse

ViXS Systems (TSX:VXS) ought to air your radiolocation, says Cormark analyst Richard Tse, as a result of the transmission product it sells to OEMs round the world ar leading associate degree business that's itself seeing a significant product cycle shift.

In a analysis report back to purchasers yesterday, Tse initiated coverage of ViXS Systems with a purchase rating and $4.00 annual target worth.

Tse says the expansion of digital content is making a lay technology cycle that ViXS is especially well positioned to learn from. The Toronto-based company’s specialty, he explains is in “integrated SoC” solutions; it writes complicated code onto Si chips that manages content delivery to finish devices. The Cormark analyst says it's become less expensive for client physics firms to source this operate to remain current, and ViXS merely offers a technically superior result.

Tse points out that ViXS sits squarely within the middle of 1 of the foremost profitable trends; the expansion of video traffic. He cites Cisco’s recent prediction that video sourced from net|the web|the net} can account for forty first of total internet traffic by 2016. ViXS XCode 6400 SoC he notes, is that the initial chip to support future standards for next generation video content.

While ViXS is also new investors -it went public through a capital pool group action last July- the twelve year previous company has already invested with $240-million into analysis and development that has resulted in additional than four hundred patents. Add during a extremely technical team than is comprised of eighty fifth engineers and also the result's a company that has the technical expertise to “stay before of speedy changes” and has “proved it will keep sooner than the curve,” says Tse.

At press time, shares of ViXS Systems were even at $2.93.

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New ViXs CEO means that treed price might be unlatched, says Cormark

The appointment of a replacement CEO when an extended search has Cormark analyst Richard Tse feeling optimistic regarding ViXS Systems (TSX:VXS).

Yesterday, ViXS declared it had appointed Sohail Khan as CEO, effective directly. Khan’s in depth background includes capital markets expertise with the spinout and stock exchange initial public offering of Agere Systems from lambent Technologies and time as president of the integrated circuits division of lambent Technologies electronics.

“I am trying forward to connection the ViXS team. ViXS has foremost technology, exceptional engineering talent, and a history of innovation and execution,” aforesaid Khan. “My goal is obvious, to commercialize ViXS’s technology and deliver improved execution and money performance, making price for all stakeholders,” declared Mr. Khan, president and chief officer of ViXS Systems.”

Tse says he's hopeful that the “trapped value” he sees in ViXS is surfaced over succeeding year. The analyst aforesaid Mr. Khan’s predigree makes him optimistic regarding the appointment.

“While we've got nonetheless to satisfy Mr. Khan, the background provided in ViXS’ release suggests he has appreciable depth of expertise and leadership positions during this broad market with over thirty years of trade expertise with public and personal technology corporations,” said Tse. “From what we have a tendency to may gather, his former expertise seems to line up with what we have a tendency to regard ViXS’ desires from a leadership perspective nowadays and his appointment couldn't have return any sooner.”

In a analysis update to shoppers nowadays, Tse maintained his “Buy (Speculative)” rating and one year target worth of $1.50 on ViXS Systems.

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Your Next automotive can go together with a Privacy Policy

While recent discussion concerning the arrival of the self-driving automotive and also the general advancement of automotive engineering tends to specialize in hypothetic “What if?” situations involving the murder of some theoretical kid within the street at the “hands” of a cold-blooded automaton, different slightly a lot of real consequences for drivers area unit slippy quietly beneath the radiolocation.

For instance, your next automotive can have a privacy policy.

Lawmakers within the us House of Representatives met in period of time to participate in an exceedingly hearing entitled “Examining ways in which to enhance Vehicle and road Safety“.

When the new rules area unit place in situ, succeeding generation of cars won't solely be safer thanks to their array of sensors and knowledge assortment computer code, however automotive vehicle manufacturers will be needed to suffer the govt a privacy policy particularization however knowledge with reference to you and your driving behaviour area unit used and keep.

In among the otherwise banal topics coated within the projected legislation’s discussion draft, just like the “NHTSA report on seat belts for college buses” or a attractive section on “Recall obligations beneath bankruptcy”, is a whole section on “Privacy, hacking prohibition, and cyber security”, that presents new legal territory for automakers and legislators alike.

Nonetheless, these changes area unit being beat out, and though it’s presently solely the topic of unfinished yank legislation, automotive vehicle trade rules area unit usually adopted north of the border quite quickly.

The discussion draft proposes that “Not later than one year when the date of enactment of this chapter, every manufacturer of cars sold-out or offered available within the us shall develop and implement a privacy policy outlining the practices of such manufacturer concerning the gathering, use, and sharing of coated info.”

Under the projected new rules, automotive vehicle makers that don’t submit a privacy policy or WHO violate the terms of that policy are going to be subject to fines of $5,000 per day, up to a most of $1 million and can be ready “to retain the coated info not than is decided necessary by the manufacturer for legitimate business functions.”

While the automotive intelligence being mentioned within the media presents a version of HAL from 2001: an area Odyssey, the cutthroat automaton WHO unmercifully kills for the larger sensible of the general mission, it’s price bearing in mind that this same intelligence is gathering knowledge that may be parcelled up and sold-out to 3rd party assortment agencies, whether or not those be insurance firms, road services like OnStar or the CAA/AAA, or simply plain marketers WHO apprehend that you’re specifically one metric linear unit off from a rest area that happens to own a McDonald’s in it which you would possibly appreciate a push notification with a coupon connected.

Right now, there are not any rules around any of this, that is why the U.S. government is drawing up legislation.

Gartner forecasts that by 2020, there'll be 1 / 4 billion connected vehicles on the road in in U.S., “enabling new in-vehicle services and automatic driving capabilities.”

So whereas moral dilemmas involving least-harm situations concerning WHO it'd be higher for the pc in your automotive to kill throughout AN accident area unit attention-grabbing to speak concerning on the net, the heap of} sensible discussion concerning automotive knowledge privacy has been going down while not an entire lot of comment.

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Zecotek Receives $500,000 LFS Scintillation Crystal Order from PET Medical Imaging OEM primarily based in China

SINGAPORE, Oct. 30, 2015 – Zecotek Photonics INC. (TSX-V: ZMS; Frankfurt: W1I.F, OTCPK: ZMSPF), a developer of leading-edge photonics technologies for industrial, health care and scientific markets, is happy to announce that it's received a $500,000 order for its proprietary metal Fine salt (LFS) scintillation crystals from a antilepton emission imaging (PET) medical imaging device manufacturer primarily based in China. The Chinese OEM has chosen Zecotek’s LFS scintillation crystals for a brand new series of PET medical imaging devices and this is often the primary of a contemplated series of purchase orders to fulfill the OEM’s customers request for prime resolution PET scanners.

“Although calculable to be the fourth largest in size nowadays, the Chinese medical scanning device market is one among the world’s quickest growing and represents a good chance for Zecotek,” said Dr. A.F. Zerrouk, Chairman, President, and chief operating officer of Zecotek Photonics INC. “China continues to expertise speedy economic process, a growing class ANd an aging population. These factors have placed pressure on the Chinese government to extend investment in medical nosology as well as imaging in hospitals and medical centers round the country. we've got established a presence during this necessary market with the national capital Opto-Electronics Technology Company producing our LFS scintillation crystals, which is able to facilitate for easy crystal delivery. we glance forward to fulfilling extra orders because the PET OEM ramps up production to deliver its new PET medical scanners.”

China represents a big chance for PET OEMs and Zecotek. within the us there square measure about a pair of,000 PET medical scanners operative, or about 6.5 scanners per a million Americans. though the market place in North America differs significantly as compared with China, with a population of roughly one.5 billion individuals the necessity for PET medical scanners is substantial. every PET scanning machine is created from scintillation crystals, picture detectors and a scan out system and prices about $1,000,000 to manufacture. Scintillation crystals represent about forty p.c of the value to supply a PET medical scanner.

Zecotek’s proprietary (US patent No. 7,132,060) LFS series of scintillation crystals square measure well-known for his or her high lightweight yields and ultra-fast decay times which permit for quicker and higher-resolution operation of medical and industrial imaging devices as well as PET medical scanners. The Company’s line of LFS crystals conjointly cowl a good vary of emission wavelengths which might be tailored to match the spectral sensitivity of varied picture detectors as well as its own solid-state MAPD picture detector arrays.

The LFS scintillation crystals are going to be equipped by the national capital Opto-Electronics Technology Company (BOET), a subsidiary of North-China analysis Institute of Electronics-Optics AN trade leader in growing, cutting, sprucing and huge scale production of scintillation crystals grownup by the Czochralski methodology. Zecotek’s producing method permits the expansion of terribly large-diameter boules with uniform properties and while not cracking (a downside with several competitory scintillation materials), leading to high component output and lower unit prices.

About Zecotek

Zecotek Photonics INC (TSX-V: ZMS; Frankfurt: W1I) may be a photonics technology company developing superior scintillation crystals, picture detectors, antilepton emission imaging scanning technologies, 3D auto-stereoscopic displays, 3D metal printing, and lasers for applications in medical, sophisticated and industrial sectors. supported in 2004, Zecotek operates 3 divisions: Imaging Systems, Optronics Systems and 3D show Systems with labs placed in North American nation, Korea, Russia, Singapore and U.S.A. The management team is targeted on building investor price by commercializing over fifty proprietary and patent unfinished novel photonic technologies directly and thru strategic alliances and joint ventures with leading trade partners as well as Hamamatsu Photonics (Japan), the eu Organization for Nuclear analysis (Switzerland), national capital Opto-Electronics Technology Co. Ltd. (China), NuCare Medical Systems (South Korea), the University of Washington (United States), and National NanoFab Center (South Korea). For additional data visit WWW.zecotek.com, follow @zecotek on Twitter and “like” North American nation in Facebook at WWW.facebook.com/zecotek.

This handout could contain progressive statements that square measure supported management’s expectations, estimates, projections and assumptions. These statements aren't guarantees of future performance and involve bound risks and uncertainties, that square measure tough to predict. Therefore, actual future results and trends could disagree materially from what could are expressed.

Neither the TSX Venture Exchange nor its Regulation Service supplier (as that term is outlined within the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news unharness. If you'd wish to receive news from Zecotek within the future please visit the company web site at WWW.zecotek.com.

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Is technology too powerful?

The bit screen technology we have a tendency to ar all familiar with nowadays has utterly revolutionized and altered the manner we have a tendency to use technology. From our phones, to computers, to cars, microwaves, televisions, everything appears to possess bit screen capabilities. we have a tendency to currently now not would like a map to search out wherever we have a tendency to ar going, GPS direction systems ar programmed into our cars and our phones. we are able to see a person’s face and have a voice communication with them whereas they're on the other aspect of the world, and there ar even cars that may drive themselves.  However, ten years past this technology was no wherever close to as attainable and helpful because it is nowadays. we have a tendency to are available contact with new technology a day, and everyday newer and higher technology is free. but I create the question, will technology become too powerful?

I was reading an editorial on-line that was revealed in TIME magazine, and it talked regarding however technology nowadays is speedily fast. It explained that the pc technology of nowadays is speedily increasing in ability attributable to the very fact that yesterday’s technology is employed to create tomorrows, which the expansion of technological advancements relies on the conception that each one innovation builds off the previous technology. therefore it got ME thinking, what if this growth of technological ability gets out of control? will technology become too powerful?

When I researched the subject, I found an editorial written that mentioned however Technology can have an effect on U.S. within the future. And this study, urged varied points and prospects that ar somewhat unsettling. together of the most points within the article, the author mentioned the impact technology had on economic factors and dealing conditions. As machinery has been additional and additional developed, it's taken claim to a lot of and a lot of of jobs that were antecedently command by humans. may it's attainable that eventually machines may take all of or most of the roles we've currently as humans?

This question is associated with a main theme in an exceedingly book I scan in highschool, “Player Piano,” by writer. The plot of the story is that machines have place man out of business, and may do all the roles that humans antecedently had done. the most character Paul, created the machines that eventually took his job, and there's a revolution to undertake and restore the ways in which of the recent world, within which everything wasn't ran by machines. The book is kind of fascinating, and that i would encourage those of you UN agency haven't scan it to scan it.

Another side to seem at in terms of technology changing into too powerful is that the impact it's had on warfare. a fairly shuddery thought to trust is, what we have a tendency to as humans have developed as weapons of mass destruction that might finish the existence of the planet as we all know it. to place the bigness of those weapons of mass destruction in perspective, The u.  s. of America made a bomb referred to as the B53, that was 600 times a lot of powerful than that of the bomb born on Hiroshima.  These weapons exist attributable to the speedy technological advancements we've created as humans, and at what purpose will it become too powerful?

The possibility of machinery seizing our world is unbelievable, and that i do believe that humans have enough information and sense to not go off the weapons of mass destruction we've created, but there's still perpetually the chance that looms over our heads, and therefore the constant question that continues to be, Is technology too powerful?

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