Abigail Johnson- The Most Powerful Woman in the World of Finance

Abigail JohnsonFor hundreds of years, the financial sector has been dominated by men. From Director of Finance to Junior Finance Officers, almost every finance-related role in a company has been performed by men. However, things have changed since then.

Since 2016, a new face has been making headlines as the most powerful individual in the world of finance. Her name is Abigail Johnson, and she is the face of Fidelity Investments. Heading a company with net assets worth $2.1 trillion, Ms. Johnson is redefining gender roles and taking on a male-dominated industry head-on. Here’s a look at Abigail Johnson’s success story.

Early Life

Abigail Pierrepont Johnson was born on December 19, 1961 in Boston. She is the granddaughter of Edward C. Johnson II, who founded the Fidelity Management and Research (FMR) firm in 1946. The firm managed mutual funds, which involved a team of professional portfolio specialists managing money of various stock market investors.

During the stock market boom of the 1980s and 90s, Fidelity Investments emerged as one of the leading financial management companies in the United States. In 1977, Abigail’s father (Edward C. Johnson III) took over the company.

Abigail landed her first job at Fidelity Investments after she finished her high school in 1980. Johnson’s role in the company was to answer phone calls in the customer relationship department. Despite having a major in art history from Hobart and William Smith College, Abigail went on to pursue an MBA degree from Harvard Business School. She finished her degree in 1988.

Career Growth

Despite being in the family business, things weren’t always easy for Abigail. After graduating from Harvard Business School, Ms. Johnson worked as a lowly stock analyst at Fidelity Investments. She was initially assigned to the Select Industrial Equipment Fund division. The job wasn’t exciting at all.

However, Johnson was determined to make a difference. Within a few years, she was promoted to the position of a Portfolio Manager. She established herself as an able and reliable fund supervisor after achieving exceedingly positive results for Fidelity’s long list of clients.

By the year 1994, Abigail Johnson was serving as an Associate Director at Fidelity Investments. In 1995, Edward C. Johnson III divested a large share of his voting rights and handed them to the parent company FMR. Many experts predicted that this move was done as Mr. Johnson was confident in his daughter’s abilities to succeed him as the company’s chairman.

In 1998, Ms. Johnson was acting as a Senior Vice President at Fidelity Investments. By this time, she was married to Christopher J. McKown and a mother of two. McKown is the Co-Founder of Iora Health LLC, a healthcare information company.

Ascension to Presidency and Challenges

In May 2001, Fidelity announced that Ms. Johnson was going to succeed Robert C. Pozen as the President of Fidelity’s mutual funds division. Abigail’s promotion made her the third most powerful individual in her company, after her own father and the company’s CEO Robert L. Reynolds.

When Abigail took over the supreme position at Fidelity’s mutual fund division, the company was going through a turbulent phase due to a bear market. Under this type of market, the value of stocks was rapidly decreasing and showed no signs of improvement.

Fidelity was also facing tough competition from the Vanguard group, which was gaining a strong foothold in the financial sector due to its effective marketing campaigns. However, Fidelity was still a strong company, with a net worth of $1.4 trillion and a $900 billion American mutual fund portfolio. The organization also managed $100 billion funds from over 17 million overseas investors.

Experts noticed a contrast between Abigail Johnson’s management style and that of her fathers. Edward C. Johnson III believed in the Japanese principle of kaizen, which focused on small, incremental growth. Edward’s philosophy was different from the American management style of expansion through mergers and acquisitions.

Abigail took a different approach. She believed in a mix of incremental growth as well as sporadic acquisitions. In an interview with BusinessWeek, Ms. Johnson was quoted as saying, “But sometimes, they (incremental growth strategies) don’t work, and you’ve got to say: Let’s grind this baby to a halt.”

After Abigail Johnson took over, Fidelity allowed its portfolio managers to buy and sell aggressively in the open market. Unlike their competitors, the team at Fidelity didn’t follow any stock market indices. Ms. Johnson encouraged the managers at Fidelity to be even more aggressive with their acquisition strategies.

Abigail’s younger brother is currently working with the real estate division of Fidelity Investments. In May 2005, Ms. Johnson became the president of Fidelity’s Employer Services Company. The organization offers benefit, retirement, and HR services to various companies.

Abigail Johnson- Leading the Way

Today, Abigail Johnson is the President and CEO of Fidelity Investments. She is among the handful of women who are successfully managing a trillion-dollar mutual funds empire. Ms. Johnson rarely gives interviews to media channels and newspapers. However, she is a well-known and respected figure at the company’s Boston headquarters, where her colleagues call her “Abby.”

Combining her family’s inheritance with her own professional achievements, Abigail Johnson has become the fourth richest woman in the United States, with a net worth of $10 billion. Fidelity Investments has recently set up its own independent press called Fidelity Insight.

The editor at Fidelity Insight, Eric Kobren, talks highly of Ms. Johnson and praises her aversion to publicity tactics. Kobren remarks that Abigail is a calm and composed woman who works hard every day. He also notes that Ms. Abaigal is humble and down-to-earth and doesn’t really come across as one of the richest and most powerful women in the United States.

Abigail Johnson is a success story for all women who want to venture into the world of finance and make a name for themselves.

by Bobby J Davidson

We love our company and we love what we do.  Check out the ‘Why Percento‘ page to learn more: Love of Technology and Business!  As the President of Percento Technologies International, I provide day-to-day leadership to the company’s senior management and I am personally involved in the strategy, business development and sales activities of the firm.

The company was founded in 1999 with the purpose of providing a one call source for organizations in need of Enterprise IT Consulting and Management.  We also provide a line of products in the boutique Cloud Server space with a touch of high-end website strategy consulting and design services.   We personalizes the IT Service experience with a team approach, working with clients from diverse sectors of industry, including energy services, financial, legal, entertainment, healthcare, hospitality, retail and general and/or corporate business.  percentotech.com/contact

Our Mission: “Creating innovative IT solutions for business leaders worldwide through cutting edge technologies.”

Contact me today to discuss how our great team can assist: 1 800 614 7886 or our Contact Form.

Impact of Technology on Generation Z

Generation ZGrowing up, many millennials had computers and other electronic equipment at their homes. Despite this, it took them some getting used to for them to master the use of computers, gaming consoles, and cellphones.

However, it seems like children from Generation Z can unlock smartphones before their even able to speak.

Generation Z refers to individuals who were born in the mid-2000s. Born into an increasingly digital age, this generation has been using the internet from a very young age, and it has become quite adept at it.

The impact of technology on Generation Z has been a hot topic of discussion among sociologists, scientists, anthropologists, and medical and tech experts. Based on various observations, discussions, and research papers, here are a few ways technology is reshaping Generation Z.

The Positives

Generation Y has always been branded as “entitled.” However, this label ignores the fact that millennials have to struggle against rising costs of education and living, fewer job opportunities, a crippled and fragile economy, and lower wages compared to baby boomers.

It seems Generation Z is also facing a similar label. Being addicted to social media and cellphones, this generation has come to be known as the always-on generation. However, being addicted to technology is not really a bad thing, and it offers the following benefits.

More Awareness

According to a report published by Adweek, Generation Z individuals (also called gen zers) are aware of their “privilege” and are willing to do something about it. Most of them are eager to learn new skills and educate themselves. Statistics indicate that 33% of gen zers watch lessons over the internet, 20% read e-books, and 32% study with their classmates online.

Increased Commitment to Social Causes

Thanks to social media and other tools, gen zers are now aware of what is happening in their communities as well as global issues. Many children and young adults are now signing up for various social causes such as animal rights protection, women empowerment, and conservationism. A 2017 article in Forbes lists down eleven social causes that are prominent among gen zers.

Better Employment Prospects in the Future

Since they have been born and raised in the age of the internet, gen zers are ultra tech-savvy. They are quick at learning how to operate the latest tools and gadgets. As more and more businesses are investing in IT to streamline their operations, it could create more job opportunities for gen zers in the future.

Access to More Information

With the abundance of information available online, gen zers may end up making better decisions than millennials and baby boomers. Nowadays, kids and young adults have access to smartphones, high-speed internet, and a plethora of search engine tools.

Similarly, the development of technology is likely to create more specialist fields of interest for gen zers, such as social media marketing and search engine optimization.

The Negatives

The advancement in technology has not only made our lives easier, it has also affected our thinking skills and social behaviors.

Spending too much time on the internet is bound to create a few issues for gen zers. As kids and young adults are getting hooked to the internet, the generation becomes susceptible to the following problems.

Low Self-Esteem

A September 2017 issue of the Atlantic presented a few disturbing facts. The article reported that today’s teenagers are spending very little time outside of their homes. The percentage of high school students who went on dates dropped from 85% in the 90’s to 56% in 2005. Similarly, the number of teenagers who spend time with their friends on a daily basis dropped by 40% between the years 2000 and 2015.

Limiting outdoor activities and spending more time on social media has been linked to depression and low self-esteem. It is possible that gen zers will be shyer and more socially awkward as compared to millennials and baby boomers.

Lack of Confidence

As self-esteem decreases, gen zers are likely to face confidence issues. While gen zers are fairly confident about their tech skills, they may lack the confidence to ace a job interview, have a pleasant date night, or develop deep, meaningful relationships. The phrase “technology is making us less social” holds quite true for this generation.

Exposure to Inappropriate Material

The online world is often raw and unfiltered. While several organizations and watchdogs are trying to limit the type of information that is easily accessible online, the internet is still full of inappropriate content.

In the absence of any proper regulation, parental control or supervision, gen zers often have easy access to inappropriate material.

In 2017, a survey was carried out among 10,000 consumers in the UK. The study revealed that children are likely to be exposed to several types of sexual and controversial content online.

However, there are a few ways to prevent your child from accessing or viewing such content, like installing a high-quality antivirus with parental control capability or implementing various cyber-security measures.

Risk of Cyberbullying

Cyber-bullying has existed ever since the internet was first introduced to the public. However, the development of social media has exponentially increased the rate of cyber-bullying all over the world.

The types of cyber-bullying can range from sending someone a mean email to leaking an embarrassing photo or video without proper permission.

A 2014 article in the Guardian revealed that up to 35% of individuals in the ages of 11-17 experienced some form of cyber-bullying. The number is expected to increase due to the development of online dating apps such as Tinder.

Technology for Kids: Yay or Nay?

As the tech-savvy gen zers gear up to enter the corporate world, they may find that their technical expertise gives them an edge over others. However, it is important for children and young adults to learn about the dangers of the internet from a young age. Technology is powerful, and it is up to users to make sure that it is used for good rather than bad. The responsibility also lies with the parents.

It’s not just the kids that are changing. Businesses are also becoming smart and streamlined. If you’re looking for high-quality tech tools and innovations to take your business to the next level, call one of our experts today!

by Bobby J Davidson

We love our company and we love what we do.  Check out the ‘Why Percento‘ page to learn more: Love of Technology and Business!  As the President of Percento Technologies International, I provide day-to-day leadership to the company’s senior management and I am personally involved in the strategy, business development and sales activities of the firm.

The company was founded in 1999 with the purpose of providing a one call source for organizations in need of Enterprise IT Consulting and Management.  We also provide a line of products in the boutique Cloud Server space with a touch of high-end website strategy consulting and design services.   We personalizes the IT Service experience with a team approach, working with clients from diverse sectors of industry, including energy services, financial, legal, entertainment, healthcare, hospitality, retail and general and/or corporate business.  percentotech.com/contact

Our Mission: “Creating innovative IT solutions for business leaders worldwide through cutting edge technologies.”

Contact me today to discuss how our great team can assist: 1 800 614 7886 or our Contact Form.

Can Cellphones Detect HIV?

Can Cellphones Detect HIV?In 2012, a detailed research paper was published by the National Institutes of Health. The objective of the research was to understand the role of cellphones in helping infants in Zambia who were diagnosed with the human immunodeficiency virus (HIV).

The study concluded that the texting of HIV test results significantly reduced the time between sample collection and result notification to primary healthcare providers.

While texting HIV results to doctors made it possible for patients to seek medical treatment as early as possible, diagnosing the disease still remained a major challenge. However, this year, the researchers at Brigham and Women’s Hospital designed a comprehensive mobile diagnostic tool that can be used to detect HIV.

Here’s what you need to know about using cellphones to detect HIV.

A Brief Look at HIV

According to UNAIDS statistics, approximately 36.9 million people all over the world had HIV in 2017. Out of these, roughly 940,000 people died due to AIDS-related complications. Nearly 1.8 million children under the age of 15 were diagnosed with HIV in 2017. The number of people diagnosed with this disease is expected to increase in the coming years.

HIV is a serious medical condition that impairs the immune system, which makes the body susceptible to various illnesses. The virus destroys healthy white blood cells called T-helper cells or CD4 cells.

As the CD4 cells are destroyed, the immune system starts to weaken. If HIV remains undetected and untreated, the immune system becomes so damaged that it can no longer protect the body against harmful pathogens.

Detecting HIV is a big challenge for the medical community. In many cases, the disease cannot be detected until visible symptoms begin to appear. The disease is also associated with a social stigma, which makes it difficult for patients to seek proper medical help. In addition, the rising cost of healthcare is making things worse for people living with HIV.

Diagnosing HIV Using Cellphones

Detecting HIV in its earliest stages is one of the best ways to prevent the disease from progressing and transmitting. However, HIV detection requires careful monitoring, which could prove time-consuming for families.

Cost is another major issue. Traditional HIV detection and monitoring methods are fairly expensive. Families without proper health insurance may find it difficult to pay for these tests. Even senior citizens on Medicare or Medicaid programs face considerable difficulty getting an HIV diagnosis.

To overcome the challenges involved with diagnosing HIV, a new revolutionary cellphone technology has been developed. The system is capable of detecting the presence of HIV infection accurately and reducing the risk of virus development and transmission.

How the Technology Works

A comprehensive study in Nature Communications explains how cellphones are used in detecting HIV. The system relies on cutting-edge nanotechnology to identify potential HIV symptoms and factors.

Combining a 3D-printer phone attachment with a cellphone, a dedicated microchip, and nanotech, the researchers created a comprehensive system to detect HIV.

The system is capable of identifying RNA nucleic cells of HIV infection by analyzing a single drop of blood. The cellphone used in the experiment monitored the motion of various DNA-engineered beads to detect HIV-positive cells.

After analyzing the specificity and sensitivity of the experiment, the researchers concluded that the system could detect HIV with 94.6 percent sensitivity and 99.1 percent specificity. The relevant threshold value was set at 1000 virus particles/ml and the system was capable of analyzing results within an hour.

Why This Technology Is Promising

Traditional HIV detection techniques rely on polymerase chain reaction (PCR), which involves making several copies of a particular DNA sequence. The process can only be carried out in a laboratory and under the supervision of an expert. Cellphone-based HIV detection does not utilize the PCR method, which makes it easy to use at home.

All over the world, HIV tests are carried out using heavy machines and diagnostic systems. These machines can only be operated by licensed and experienced operators. However, a cellphone-based system is fairly easy to set up and get running. If you have the necessary accessories, you can easily conduct an HIV test in the comfort of your own home.

Portability is another major factor. Heavy HIV detection machines are difficult to import or carry along. Doctors who frequently travel to third-world countries with limited healthcare resources are unable to detect and diagnose HIV. In contrast, a cellphone is easy to carry along anywhere and can be used to conduct an HIV test and send results to a hospital while on the move.

A standard sexually transmitted disease (STD) test could cost anywhere between $10 to $30 for patients with health insurance and $50 to $200 for patients who are not covered. In comparison, the total material costs involved with a microchip and phone attachment is less than $5. It is clear that cellphone-based HIV testing is far more economical than regular HIV testing.

The accuracy of cellphone-based HIV tests is worth mentioning here too. As stated earlier, the results of this type of test are up to 99 percent accurate. The test is fast, which makes it easier for medical experts to determine the next possible course of action after the diagnosis.

According to the researchers at Brigham and Women’s Hospital, the results of cellphone-based tests are so accurate that this type of test can be used to diagnose several other diseases.

The Verdict

Cellphones were initially developed as a mode of communication. Thanks to the development in science and technology, this tool can now assist in diagnosing various health issues. It seems highly probable that cellphone-based HIV systems will become a norm in the upcoming years. As a result, HIV patients all over the world will have access to a reliable diagnostic tool. Once the diagnosis is complete, patients can then discuss long-term treatment plans with their medical practitioners.

To learn more about high-tech tools & gadgets, their benefits, and their application, get in touch with one of our experts today!

by Bobby J Davidson

We love our company and we love what we do.  Check out the ‘Why Percento‘ page to learn more: Love of Technology and Business!  As the President of Percento Technologies International, I provide day-to-day leadership to the company’s senior management and I am personally involved in the strategy, business development and sales activities of the firm.

The company was founded in 1999 with the purpose of providing a one call source for organizations in need of Enterprise IT Consulting and Management.  We also provide a line of products in the boutique Cloud Server space with a touch of high-end website strategy consulting and design services.   We personalizes the IT Service experience with a team approach, working with clients from diverse sectors of industry, including energy services, financial, legal, entertainment, healthcare, hospitality, retail and general and/or corporate business.  percentotech.com/contact

Our Mission: “Creating innovative IT solutions for business leaders worldwide through cutting edge technologies.”

Contact me today to discuss how our great team can assist: 1 800 614 7886 or our Contact Form.

Different Ways of Using Technology for Increasing Safety and Security

Security TechnologyThe world is, not only a really dangerous place, but at the same time it is getting more and more dangerous as well. We have only to read the newspapers to be presented with headlines regarding the latest and most recent cyber-attacks, terrorist threats or home break-ins. All of the above are more or less near constant reminders of the sheer number of threats that we have to face, on a day to day basis.

This is the part where technology comes into the picture. It has of course made our businesses as well as our homes a bit more vulnerable to exploitation by oft unscrupulous elements. But nevertheless, at the very same time it has been used to provide us with the myriad different tools that may be used to combat the very specific risks and dangers that currently exist today.  Let us check out a few of the more comparatively more innovative technologies that have been designed to make us, and by extension our business a whole lot safer, then ever before.

o   The Octopus software

Few people (unless that is, that they are working in high- tech security) would give a whole lot of thought to the many highly complicated security systems that are currently functional in many schools, factories malls, as well as companies. After all, they are manned by security guards and are also suitably well equipped with various monitors that are hooked on to individual CCTV networks. Most such security is (generally speaking) discreetly hidden from sight so as to prevent any anxiety from the point of view of the visitors to these complexes.

Octopus, is an Israeli startup, that also gives surveillance and security personnel greater flexibility while simultaneously acting to enhance overall security.  It effectively combines a really comprehensive security protocol enabled software with a highly robust smart phone application.

In other words, Octopus is a very specific “Physical Security Information Management system” or PSIM that effectively enables various organizations to efficiently manage all their safety security, and logistical needs from only one place.

The main advantage of the Octopus security software suite is that it can seamlessly interface with all the many security systems that co-exist within the organization, such as fraud prevention, alarm systems, various alerts of cyber-attacks, entrance monitoring safety, and even closed-circuit cameras. The ability to seamlessly unify all these means of ingress protection will also spare various companies a whole lot of unnecessary expenditures and payments for the purchase of highly expensive accessory equipment for their many security systems.

o   The Companion

I will call you when I get there,” is an oft repeated departing comment said by many people to individual friends and family members alike, when they want someone to assure their friends that they have reached home safely.

The ‘Companion’, is am all new app for those people who are worried about walking home alone, especially when its dark and lonely. Basically, it promotes the buddy system and allows the app’s many users to ‘go on the grid’ and choose their own “companions.” These are those people who are already part of their contact lists which they can choose (either individually or as groups) in order to track their location as they take their late night stroll to their home.

Basically the “Companion app” acts as a sort of real time tracking application, that essentially enables its core users to map both their starting as well as their ending locations, easily enough. As a matter of fact, many users can also add family friends, or (if required) even police officers to be their chosen “companions.”  The app will allow these companions to easily follow the app user on a location map until they have safely reach their end destination. Once the individual has reached his or her home, the companions they have chosen to share their location with, will automatically be sent notifications to this effect. But in the event of an untoward incident, the companions chosen by the app user would be able to quickly go to the location themselves, or alternately send help on the way.

One of the key advantages of this app is that it can be used to track the user on any map, thus effectively eliminating the overall need and hassle for both the users as well as their companions to download and install the same app on their respective smart phones or other devices.

o   The “Driver’s Little Helper’ app

This is one app where technology has really helped in keeping families safe. If you tend to travel with a little “baby on board,” or for that matter any small child or toddler, then his or her safety is certainly your paramount concern. Unfortunately, many, if not most kids have a well-developed knack for wiggling out of their baby seats, especially if they have not been fastened properly. Apart from that, there have been many instances, when kids have nodded off and the adults have gone out of the car without realizing that they have accidentally left their “most precious cargo” behind.

This is the part where the “Driver’s Little Helper” comes to the fore, as it is an electronic monitoring system app that seamlessly works with both iPhone and Android operating systems.  It uses wireless blue tooth technology to ensure that the car seat monitor present in your vehicle effortlessly syncs with your smart phone in order to help you keep your baby safe.

As a matter of fact, the car seat monitor pad will be able to measure temperature pressure, and movement and it will send you the requisite alerts through a free app that you can easily download on your smart phone (or any other compatible) device.

This nifty little monitor can be easily fitted on any car seat, so that you can drive with the sure knowledge that your darling little baby is perfectly safe.

While it is true that technology may not be always able to solve all of our myriad safety concerns, but it most certainly can make a certain difference, sometimes one app at a time.

by Bobby J Davidson

We love our company and we love what we do.  Check out the ‘Why Percento‘ page to learn more: Love of Technology and Business!  As the President of Percento Technologies International, I provide day-to-day leadership to the company’s senior management and I am personally involved in the strategy, business development and sales activities of the firm.

The company was founded in 1999 with the purpose of providing a one call source for organizations in need of Enterprise IT Consulting and Management.  We also provide a line of products in the boutique Cloud Server space with a touch of high-end website strategy consulting and design services.   We personalizes the IT Service experience with a team approach, working with clients from diverse sectors of industry, including energy services, financial, legal, entertainment, healthcare, hospitality, retail and general and/or corporate business.  percentotech.com/contact

Our Mission: “Creating innovative IT solutions for business leaders worldwide through cutting edge technologies.”

Contact me today to discuss how our great team can assist: 1 800 614 7886 or our Contact Form.

How to Make Your Smart Home Safe for Your Kids

Raising kids isn’t always easy, especially when you’re dealing with the ultra tech-savvy generation Z. Chances are your kid probably knows how to unlock your iPhone before he or she even begins to speak.  Living in a smart home has its perks. By outsourcing mundane tasks to machines, you won’t have to worry about switching off lights not in use, turning off the dishwasher, or readjusting the thermostat.

So the question is how do you make your smart home a safe place for your intelligent, hyper-active kids?  Take a look at some of the ways to make your smart home kid-friendly.

Ensure Adequate Lighting

Many children are afraid of the dark, and they often have to get up in the middle of the night to go to the bathroom. By installing nightlights, you can easily help your children overcome their fear of the dark.

There are various sensor lights that can be controlled through smartphones or smartwatches. Consider putting up these lights along the hallway between the bathroom and the bedrooms. Next, you’ll need to connect these lights to a central hub so that they can automatically turn on whenever your child opens the bedroom door.

Invest in Smart Assistants

Amazon Alexa is a wonderful invention that has simplified the lives of adults all over the globe. However, the device may not be suitable for children, who often end up accessing mature content or compromising their own security.

Despite the pitfalls of smart assistants, it is still important to get your children acquainted with this technology. Typically, a high-quality kid-friendly child assistant is capable of:

  • Recognizing whenever a baby wakes up
  • Soothing a baby back to sleep by playing lullabies
  • Assisting children with their homework
  • Offering assistance in multiple languages
  • Monitoring kids with the help of an in-built camera

Purchase Smart Toys

No smart home is complete without a few smart toys, and these toys don’t have to be fancy electronic helicopters or hover-boards. Some smart toys, such as Mattel View Master Deluxe VR, rely on virtual reality. These devices can easily transport your child to a trip on a space shuttle or an exciting wildlife safari. Other smart toys play an important role in helping children develop their cognitive skills. They offer various mentally-stimulating activities.

Consider Home Security

Despite having the best technology in place, you should never compromise on your child’s safety. There have been many instances of smart toys secretly recording a child’s video and logging their activities.

Before buying any home security product, make sure to read its reviews and understand its features. Are the construction materials safe? Are there any stories circulating about the dangers of using the product? Does the system offer sufficient parental controls? These are some of the questions you should consider before purchasing any home security system.

Assess the Quality of Air in Your Home

When it comes to making a smart home kid-friendly, you’ll have to go the extra mile and consider things you may have previously ignored. The biggest environmental threat children face comes from the quality of air they inhale at home.

Excessive carbon monoxide buildup kills several Americans every year. By investing in a home automation safety system, you can receive regular updates on the quality of air in your house and the presence of any irritants. These systems are also helpful in identifying toxic molds.

Install Door Sensors

Toddlers have an adventurous side to them, and they love to explore their environment. It’s almost impossible to stop your little one from climbing out of the cot and crawling around the room. However, it is quite easy to keep a check on your toddler using smart tech.

There are various door sensors that can help you monitor if your child is entering an unsafe place. These sensors send notifications to your phone as soon as they sense a toddler approaching a no-go area.

Use Geofencing

Geofencing has been making headlines ever since the concept of smart homes was first introduced. The technology uses GPS to keep your child at home safe, by creating a virtual boundary every time you step out of the home.

You can easily instruct a geofence to switch on your home security system as soon as you step outside and turn it off whenever your kids return home from school. By installing a geofence, you won’t have to worry about locking the doors or turning on the security system every time you go out.

Some geofencing systems come with a child proximity alarm. These systems create a virtual boundary and alert you every time your child steps out of this boundary. Child proximity alarms are quite useful at homes, and they can also be used safely in public places.

Put Up Smart Fire Alarms

Conventional fire alarms are great, so long as they don’t run out of batteries. Once the battery weakens, there is no way to tell when a fire breaks out until it is too late. Even if these alarms are operational, they’ll go off over something as trivial as cigarette smoke.

Smart fire alarms don’t work that way. These alarms identify the type of fire as well as its source of origin. In the event a fire breaks out, these systems will send you a notification on your cellphone. The sooner you know about the fire, the easier it will be to stop it from spreading.

Smart homes are becoming a norm nowadays, and more and more companies are designing groundbreaking technological innovations to keep the home secure. It is expected that most of the homes in the United States will turn into kid-friendly smart homes with a safe and secure environment.

by Bobby J Davidson

We love our company and we love what we do.  Check out the ‘Why Percento‘ page to learn more: Love of Technology and Business!  As the President of Percento Technologies International, I provide day-to-day leadership to the company’s senior management and I am personally involved in the strategy, business development and sales activities of the firm.

The company was founded in 1999 with the purpose of providing a one call source for organizations in need of Enterprise IT Consulting and Management.  We also provide a line of products in the boutique Cloud Server space with a touch of high-end website strategy consulting and design services.   We personalizes the IT Service experience with a team approach, working with clients from diverse sectors of industry, including energy services, financial, legal, entertainment, healthcare, hospitality, retail and general and/or corporate business.  percentotech.com/contact

Our Mission: “Creating innovative IT solutions for business leaders worldwide through cutting edge technologies.”

Contact me today to discuss how our great team can assist: 1 800 614 7886 or our Contact Form.

 

Women Entrepreneurs: Taking the Business World by Storm

Women EntrepreneursEvery day in the US, women entrepreneurs start about 850 new businesses on average. And over the past two decades or so, the number of women-owned business firms has increased by a whopping 114 percent.

These developments are a sure sign that the world of American entrepreneurship is now eagerly opening its arms to women as they become all the more comfortable in taking on the mantle of business owners and entrepreneurs.

As a matter of fact, the overall entrepreneurship rate amongst women is now considered to be higher than ever before.  And these rates are also steadily increasing at an even higher rate as more and more women decide to leave the patriarchal norms of society behind.

As per the recent reports[1], this is not just happening in the US. Rather, women’s entrepreneurial activities have steadily gone up all over the world by an estimated ten percent or so, and this has closed the vast gender gap (in terms of earning ability) to a great extent, especially in the preceding three years.

In fact, many lady entrepreneurs are currently leading this massive surge with their individual business and entrepreneurship endeavors. At this point in time, these numbers are currently amongst the highest in terms of the global average with more and more women being engaged in various early stage entrepreneurial activities.

As of now, it would not be wrong to state that many of the women entrepreneurs who have joined the economic mainstream alongside their male counterparts have done so not because of financial necessity but because they believe that they can take advantage of a raft of opportunities that are available to them.

They are now making the most of such opportunities due to their resilience, ability, and desire to challenge age old traditions and socio-cultural norms. Here are several reasons why women entrepreneurs are starting their own businesses in such high numbers. Let us take a look at a few of them:

o   Entrepreneurship vs. Being Employed

Many prospective woman entrepreneurs have decided to branch out on their own not because ‘being your own boss’ is just a fancy catch phrase for ‘living life in the fast lane’. In fact, woman entrepreneurs understand that starting your own business means extra working hours, a whole lot of hard work, and no breaks. Moreover, any problems that they face cannot be blamed on other people as such. They know that they have to take full responsibility for just about everything related to their business.

Having said that, being an entrepreneur does have the potential of being a very rewarding business indeed. From Abigail “Abby” Johnson to Bill Gates, various enterprising entrepreneurs who dared to dream big have gone on to define the very world we live in today. Being a woman entrepreneur gives the individual an absolutely fantastic sense of achievement and absolute control of her own life and the direction that it will take. Apart from that, women entrepreneurs know that running their own business is an excellent opportunity to learn, develop and ultimately polish their skills. And of course, last but not the least, a successful business is certainly a great source of revenue and immense mental satisfaction as you know that you have really achieved something absolutely wonderful entirely on your own.

o   A World of Ever Increasing Opportunities

In today’s world, there are far more opportunities and prospects for a woman entrepreneur hoping to kick-start her own business than ever before. This is due to the fact that several patriarchal bonds and traditionally male-oriented spaces are now completely open to enterprising women.

Today the market savvy lady literally has the whole world at her fingertips, thanks to the easy access of digital marketing technology that used to be the stuff of science fiction a few decades back. From creating a page on Facebook to advertising on the web, from acquiring peer reviews all the way to going ‘viral’ on social media; it has never really been easier or more convenient to promote a whole range of new products and services than it is today.

o   The Ability to Take That Risk

A man with a mortgage on his brand new car and living in a rented property is far less prone to take risks than an aspiring woman entrepreneur.  After all, even if an idea does not really work, then all she has to do is go back to the proverbial drawing board and simply start all over again. This is the part where women entrepreneurs really come into their own due to their resilience and their ability to bounce back and start all over again, even if it means failing a few times in between.

However, it should be kept in mind that irrespective of whatever business that women entrepreneurs choose, there is never any room for complacency, and like their male counterparts, they have to give more than their hundred percent even after they succeed. Anything other than that would be a compromise and cutting corners, and that is one thing a new entrepreneur should never do if she really wants to succeed in the long term.

[1] The Global Entrepreneurship Monitor (GEM) 2016/17 Women’s Report

by Bobby J Davidson

We love our company and we love what we do.  Check out the ‘Why Percento‘ page to learn more: Love of Technology and Business!  As the President of Percento Technologies International, I provide day-to-day leadership to the company’s senior management and I am personally involved in the strategy, business development and sales activities of the firm.

The company was founded in 1999 with the purpose of providing a one call source for organizations in need of Enterprise IT Consulting and Management.  We also provide a line of products in the boutique Cloud Server space with a touch of high-end website strategy consulting and design services.   We personalizes the IT Service experience with a team approach, working with clients from diverse sectors of industry, including energy services, financial, legal, entertainment, healthcare, hospitality, retail and general and/or corporate business.  percentotech.com/contact

Our Mission: “Creating innovative IT solutions for business leaders worldwide through cutting edge technologies.”

Contact me today to discuss how our great team can assist: 1 800 614 7886 or our Contact Form.

 

 

Howard Hughes: The Eccentric Genius Who Rocked the World of Aviation

Howard HughesHoward Robard Hughes Jr was born on December 24, 1905, He was a man who wore many hats, and due to his raw unbridled passion became successful in every task he set for himself. In his life time he was renowned as a shrewd investor, a record setting pilot, a powerful business magnate, skilled engineer a well-known film director, and perhaps above all else, as an exceptionally generous philanthropist. All of these combined, meant that he was known even during his lifetime as being pretty much one of the most financially successful individuals in the whole world.

o   Tinsel town: The glittering world of Hollywood filmmaking

He first rose to prominence as an up and coming film producer when the industry was practically in its infancy, and then later on as a highly influential figure in the then nascent aviation industry. Later on, in life, he became well known for his otherwise highly eccentric behavior as well as leading a particularly reclusive lifestyle that practically made him for all extents and purposes, a hermit. Such quirks in his personality seemed to have been caused in part by a steadily worsening OCD or obsessive compulsive disorder, as well as near permanent chronic pain because of a near fatal plane crash, from which he was very lucky indeed, to walk away with his life. Apart from that, his steadily increasing deafness also made him shy away from crowds to a large extent.

As the ultimate film tycoon, a highly unconventional and at times even controversial Hughes earned the title of maverick while gaining lasting fame in the era of the silent movies, back in the roaring twenties. This was a time when he was able to produce mega big budget and often highly provocative movies such as Hell’s Angels (1930), The Racket (1928), as well as the original rendition of Scarface (1932).

o   Taking to the skies: the Hughes Aircraft Company Ltd

Later on, Howard Hughes went on to form the Hughes Aircraft Company, way back in 1932. He hired various top engineers and cutting edge designers of the era in a bid to make his company a success. As a matter of fact, he went on to spend the reminder of 1930s and even the early part of the 1940s in personally setting multiple world air speed records.

It was during this era that he built the (by now) legendary Hughes H-1 Racer as well as the “Spruce Goose” the H-4 Hercules. He also went for the acquisition and the subsequent expansion of the Trans World Airlines and later on its rival Air West, that he renamed Hughes Air West.  It is for his memorable contributions to the world of aviation, that his name has also been included in Flying Magazine’s own list of the “51 (greatest) ‘Heroes of Aviation,’ where Howard Hughes has been ranked at No. 25.

o   His early years

Howard Hughes birthplace is recorded as Houston, Texas. There is a lot of controversy regarding his date as well as place of birth, with some people claiming he was born in Humble while others insist it was Houston. What is however clear is the fact that he was the son of Howard R. Hughes Sr. a man who was a highly successful inventor as well as businessman in his own right and a descendant of John Gano, the minister who had originally baptized George Washington himself.

It was from a very young age that little Hughes started to demonstrate a whole lot of interest in electronic and mechanical sciences and their related technology. Here he found that he had great aptitude in the field of engineering in particular, and it was this avid interest that helped to build (what was touted to be) Houston’s first true “wireless” radio transmitter long before he was even twelve years of age.  But that was not all, within a few short months, in fact hardy after his 12the birthday, Hughes was actually photographed in one of the local newspapers of the city, as being the very first boy in all of Houston to have his very own “motorized” bike. A machine that he had personally built from various parts and components that he had appropriated from his father’s steam engine.

From land machines, his interests soared to the skies and he partook his very first flying lesson at the age of 14.  Thus, began his love affair with aviation that was to propel him to great success and made him a well-known figure all over the world.

o   His business career

Hughes had always enjoyed enviable success throughout his extensive business career that also went well beyond aviation, engineering, and even filmmaking. The Summa Corporation is one such brain child that survives to this day and has been a vehicle that ensured that much of his fortune was subsequently used for various philanthropic causes, the most notable of which would be the upliftment of the health care and medical research sectors. Indeed, these two causes had always been of great interest to him, because he had lost his parents due to medical complications, early on in life.

He also branched out into the real estate sector and is widely known for transforming the city of Las Vegas from a small town that was still grappling with its ‘wild west’ image to the playground of the rich and famous, that it has become today.

Since he insisted on testing his own aircraft, he had a series of near fatal crashes that left him badly injured. The severe injuries (including third degree burns) made him dependent on many pain killing medicines and he continued to use them for the remainder of his life.

He lived as he had died, in the air while en route from Mexico to his residence in Houston, leaving behind a vast fortune to be distributed to philanthropic causes and a legacy that can hardly be equaled by anyone else.

by Bobby J Davidson

We love our company and we love what we do.  Check out the ‘Why Percento‘ page to learn more: Love of Technology and Business!  As the President of Percento Technologies International, I provide day-to-day leadership to the company’s senior management and I am personally involved in the strategy, business development and sales activities of the firm.

The company was founded in 1999 with the purpose of providing a one call source for organizations in need of Enterprise IT Consulting and Management.  We also provide a line of products in the boutique Cloud Server space with a touch of high-end website strategy consulting and design services.   We personalizes the IT Service experience with a team approach, working with clients from diverse sectors of industry, including energy services, financial, legal, entertainment, healthcare, hospitality, retail and general and/or corporate business.  percentotech.com/contact

Our Mission: “Creating innovative IT solutions for business leaders worldwide through cutting edge technologies.”

Contact me today to discuss how our great team can assist: 1 800 614 7886 or our Contact Form.

4 New Technologies for Older Adults

Older AdultsRecently, there has been a surge in the ‘aging’ population of America as more than 10,000 adults are turning 65 each year. It is expected that by the year 2060, 1 in 4 Americans—or approximately 98.2 million people—will be 65 years or older. The good news is that the technology industry is stepping up to the challenge to provide innovative solutions for the elderly.

For bright, young, dynamic techies based in the Silicon Valley, it can be hard to imagine what it feels like to be an elderly. Yet, they must come up with innovative solutions and design assistive devices that can make the lives of the elderly both safe and comfortable. Let there be no doubt—technology can solve most of the problems of the older population.

Over the last two decades, technology has come a long way and today it is opening many doors for the elderly. For example, the internet is making the world a ‘less lonely’ place for the older population. While technology cannot replace in-person interactions with people, internet-based communication platforms such as Skype, Facebook, and other video chatting and social networking sites are helping to keep senior social when visits to friends or relative are infrequent or not possible.

In addition to the internet, there’s health and mobility technology that is making the elderly more mobile and safe than ever. Surveys reveal that most seniors would rather stay indoors than be over out and about. This preference for staying home most of the times could have been a problem if we did not have the technological solutions that make it safer for the elderly to stay at home alone. An example of these solutions is a Personal Emergency Response System (PERS).  A Wearable device, PERS enables the elderly to get help with a simple push of a button.

With a PERS, not only do the seniors stay safe at home, but their families also have peace of mind knowing that if an emergency occurs, the PERS would send an alert for help. There are many seniors in America who suffer from Alzheimer’s disease or other dementias. For these seniors, safety is a paramount concern, especially when they start to wander. The good news is that there are many GPS tracking devices that can track the location of a senior and send alter to ensure peace of mind for caregivers and prevent dangerous or deadly situations for the elderly.

PERS and GPS tracking devices are not the technologies making the lives of seniors safer and more convenient. There are also smartphone apps that can help prevent medication errors, and cloud-based health tracking systems that simplify the process of maintaining and accessing seniors’ health information.

4 Innovative Technologies for the Elderly

Today, a significant portion of the U.S ‘aging’ population uses modern technology. This usage of technology is not limited to the use of the internet or smartphones. Instead, it includes technology for mobility, health monitoring, and more. Today, technologies providers are launching innovative devices for the elderly each day. In line with this trend, innovative technologies for the elderly were launched at the CES 2018. Here are our top picks from the event:

Inoxia Portable Alexa Speaker

A battery powered speaker with embedded Alexa, the Inoxia Portable Alexa Speaker features voice control and has internet radio, connected message board, and hands-free speakerphone all rolled into one. With this device, the elderly can use Alexa Voice service to control smart home devices, set alarms, get information, play music, and do a whole host of other things using just their voice. All the elderly need to say is ‘Alexa’ and the device will respond instantly.

Lenovo Smart Display

While it is Intended as the competition for Echo Show, the Lenovo Smart Display has a completely different interface design. While the display is larger and bolder, it doesn’t have the ultra-detail that get from Google Assistant on a phone. The purpose of this is to keep things simple and keep your hands off the device. However, Lenovo Smart Display has a perfectly usable touchscreen which makes it easier to make calls, play music, and recognize different voices.

MobileHelp and Samsung GearWatch

MobileHelp—a manufacturer of home and wearable alert devices, announced at the CES 2018 that it was partnering with Samsung to equip Gear smartwatches with its emergency response capabilities. The devices go by the name MobileHelp Smart, and they can integrate the platform of MobileHelp into an upgraded version of Samsung’s watch to take advantage of the former’s GPS, cell capabilities, and fitness-monitoring features.

ADT Health

The stylish Samsung Gear S2 and S3 Gear smartwatches will now offer connectivity, wellness data, and a personal emergency response system (PERS) professionally monitored by ADT, all thanks to ADT, Reemo Health and Samsung joining hands. Users no longer have to worry about the stigma typically associated with wristbands and pendants instead they can wear their PERS device proudly and with confidence of knowing that help is only a simple tap away.

A simple tap on the device activates a two-way voice assistance that connects users with a trained ADT agent directly from the device’s speaker. In addition to this, the two Gear smartwatches can monitor fitness trends which includes hear rate and steps, which motivates seniors to stay active.  Thanks to the collaboration between ADT, Reemo Health and Samsung, senior can get help from ADT, while the families and caregivers of the elderly get peace of mind and better visibility to the elderly’s health. All this allows older people to maintain an independent lifestyle, and actively manage their own wellness.

There are many more innovative technologies for older adults today.

And remember:  Listen to your elders advice, not because they are always right, but because they have more experiences of being wrong.  Knowledge is power. 🙂

by Bobby J Davidson

We love our company and we love what we do.  Check out the ‘Why Percento‘ page to learn more: Love of Technology and Business!  As the President of Percento Technologies International, I provide day-to-day leadership to the company’s senior management and I am personally involved in the strategy, business development and sales activities of the firm.

The company was founded in 1999 with the purpose of providing a one call source for organizations in need of Enterprise IT Consulting and Management.  We also provide a line of products in the boutique Cloud Server space with a touch of high-end website strategy consulting and design services.   We personalizes the IT Service experience with a team approach, working with clients from diverse sectors of industry, including energy services, financial, legal, entertainment, healthcare, hospitality, retail and general and/or corporate business.  percentotech.com/contact

Our Mission: “Creating innovative IT solutions for business leaders worldwide through cutting edge technologies.”

Contact me today to discuss how our great team can assist: 1 800 614 7886 or our Contact Form.

Orville Redenbacher: The Popcorn King Who Revolutionized an Entire Sector of The Economy

Orville RedenbacherIf anyone deserves the undisputed title of ‘The Popcorn King” then that person would be Orville Redenbacher. And with good reason too. As a matter of fact, the New York Times described him in the following words “The agricultural visionary who all but single-handedly revolutionized the American popcorn industry.”

How did he earn this title? For this, we will have to take a look at his early life and how it inspired him to become the towering popcorn magnate, that had tens of millions of people all over the world, happily munching on popcorn.

o   His early life

Redenbacher was born on July 16, 1907, in Brazil, Indiana.  Since his family owned a farm, he grew up around crops and farming equipment and showed his true entrepreneurial spirit early on, by selling popcorn from the back of his vehicle. He went on to graduate from Brazil High School way back in the spring of 1924. While being one of the elite five percent at the top of his class.

Later on, he joined Purdue University, and became an active member of the agriculture-oriented Alpha Gamma Rho fraternity as well as the Purdue All-American Marching Band and as a budding athlete, he became part of his varsity’ track team as well. After four years of study, he went on to graduate in 1928 after attaining a degree in agronomy.

Indeed, so great was his interest in the agri based sector, that he spent most of his subsequently productive life working in this industry, and he also served as Vigo County’s extension agent for their Farm Bureau in the Terre Haute area, in Indiana, and later on at the Princeton Farms in Princeton, in the same state.

o   Redenbacher as a businessman

This was the man that the NYTimes has gone on to describe as “But for all his bumpkin appearance, the man with the signature white wavy hair and oversized bow tie was a shrewd agricultural scientist who experimented with hybrids” had started his career by selling fertilizer, and this was his main source of income, but he was greatly interested in corn, and spent most of his spare time working with different strains of popcorn.

By 1951, he felt that he had become self-sufficient enough to create this own popcorn line and recruited Charlie Bowman and together, they went ahead and bought the George F. Chester and Son seed corn plant in the state of Boone Grove, in Indiana. They named their company “Chester Hybrids”, where these two enterprising entrepreneurs went about, methodically trying literally tens of thousands of diverse hybrid strains of popcorn, before they ended up settling on a particular hybrid that they decided to name “Red Bow”.

However, an advertising agency that they were working with, basically took exception to their choice of nomenclature and advised them to use the founder’s own name “Orville Redenbacher” as the brand name of the new product.  They changed their branding image and name accordingly and launched their own line of ‘popping corn’ back in 1970.

However, ever the entrepreneur, Redenbacher sold the whole company in 1976 to Hunt-Wesson Foods. This was actually a division of the well-known conglomerate Norton Simon, Inc.

Meanwhile, it was in 1973 that Redenbacher had started appearing on national TV, and one of his very first personal appearance was in the “To Tell the Truth” TV based game show.

By the mid-1970s, Both Bowman and Redenbacher had gone on to capture a whopping third of the entire unpropped popcorn market as it existed in the US at that point in time. Redenbacher subsequently decided to move to Coronado in California state.

He appeared as the Redenbacher brand’s official spokesman, wearing his (by then) trademark public speaking outfit that became the image an entire generation of Americans have come to recognize. His image included a bow tie and horn rimmed glasses. Sometimes Redenbacher also made it a point to appear in various commercials with his grandson.

o   Are you real Mr. Redenbacher?

In fact, so greatly was America captivated by his persona that quite a few customers wrote letters to the studios asking if Redenbacher was an actor or a real person per se?He responded to all such rumors by appearing on many different talk shows, in which he conclusively proved his own identity. In a book that he wrote Redenbacher stated, “I want to make it clear that I am real.”

o   His personal life

Redenbacher had married Corinne Rosemund Strate in 1928 and he remained with her till her death in 1971. After her death, he married his second wife, Nina Reder, and as with his first wife, he was with her till her dying day on May 8, 1991, at the really old age of 91.

o   Redenbacher and his legacy

Orville was not just renowned for his contribution to the popcorn industry, but the entertainment that had been provided by the various TV commercials that starred him, went on to create an image, that is right up there, with various other Americana food giants such as Col Sanders and others of his ilk.

In fact, his image is going through a revival and since 2006, there have been several of Orville’s commercials dating back from 1970s and 1980s,that are currently being re run on many different channels,all across the nation, chiefly due to their sentimental value.

Almost twelve yours ago, a television commercial actually featured a digital re-creation of Redenbacher and it was quite popular, especially amongst the older generation who still had fond memories of the original ones. In order to honor his many services to the popcorn industry, On September 4, 2012, Valparaiso, Indiana created and unveiled a statue of Orville Redenbacher in order to commemorate the city’s annual popcorn festival with his enduring legacy.

by Bobby J Davidson

We love our company and we love what we do.  Check out the ‘Why Percento‘ page to learn more: Love of Technology and Business!  As the President of Percento Technologies International, I provide day-to-day leadership to the company’s senior management and I am personally involved in the strategy, business development and sales activities of the firm.

The company was founded in 1999 with the purpose of providing a one call source for organizations in need of Enterprise IT Consulting and Management.  We also provide a line of products in the boutique Cloud Server space with a touch of high-end website strategy consulting and design services.   We personalizes the IT Service experience with a team approach, working with clients from diverse sectors of industry, including energy services, financial, legal, entertainment, healthcare, hospitality, retail and general and/or corporate business.  percentotech.com/contact

Our Mission: “Creating innovative IT solutions for business leaders worldwide through cutting edge technologies.”

Contact me today to discuss how our great team can assist: 1 800 614 7886 or our Contact Form.

A $600 Million Deal with UK-Based Firm Secures Critical iPhone Technology for Apple

Dialog

Apple has inked a $600 million deal to take control over Dialog semiconductor—the power management company at hear of its iPhones. The deal would see Apple acquire certain assets, and over 300 staff members of Dialog. $300 million will be paid upfront for the deal while the remaining amount would be payment for product delivery over the next few years. Here is more on the deal that secured critical iPhone technology for Apple!

In November of 2017, rumors started to surface that Apple was considering developing its own power management chip. Only a month later, the CEO of Dialog Semiconductor confirmed that Apple was developing its own chip to replace theirs. In May this year, the company revealed that Apple had in fact slashed orders by thirty percent and on October 11, Dialog announced that it had reached an agreement with Apple on the licensing of certain assets or power management technologies and on the transfer of more than three hundred of the company engineers and staff.

While it depends on how quickly approval is given by the supervising authority, the above transaction is expected to be completed in the first half of the new year. According to a Reuters report, the acquisition is rare one for Apple, as the company does generally do such massive transactions. The only transaction of such scale in recent times by Apple that the media agency could recall was the company’s $359 million purchase in 2013 of PrimeSense—the Israeli manufacturer of facial recognition application that unlocks newer iPhones.

John Srouji—the SVP of Hardware technologies at Apple, had the following to say about the acquisition:

“Dialog has deep expertise in chip development, and we are thrilled to have this talented group of engineers who’ve long supported our products now working directly for Apple. Our relationship with Dialog goes all the way back to the early iPhones, and we look forward to continuing this long-standing relationship with them.”[1]

After the news of Apple’s acquisition of its power-management technologies and staff broke out, Dialog Semiconductor saw a 34% increase in its shares in Frankfurt. This was because the deal settled the concerns surrounding the future relations between Apple and Dialog.

The $600 Million Adds a New Dimension to the Apple-Dialog Relationship

Since the launch of the first iPhones, Apple has managed the battery life in them with the power-management chips of Dialog. However, the recent $600 million deal with Dialog will add a new dimension to Apple’s relationship with the company. The deal will see Apple buy Dialog’s patents, and about three hundred staff which includes many engineers who have already worked on chips for iPhones. The deal will also secure the offices of Dialog in Italy, Germany, and Britain for Apple.

Despite all this, Dialog remains positive that its revenues in the last part of 2018 would not be affected as it would continue to provide Apple main power management integrated circuits (PMICs). The company also expects Apple to buy current and future generations of sub-PMICs from it.Dialog should consider this a real achievement as most of the other chip designers of apple have struggled to maintain their relationship with the company.Jalal Bagherli—the CEO of Dialog, was confident that the deal would strengthen his company’s long-standing relationship with Apple and he said the following:

“This transaction reaffirms our long-standing relationship with Apple, and demonstrates the value of the strong business and technologies we have built at Dialog”[2]

For most—or three-quarter of its revenue, Dialog relies on its partnership with Apple to supply chips for charging and managing power in iPhones. After the deal is completed in the first half of 2019, Dialog estimates that Apple will account for thirty-five to forty percent of its total revenues in 2022. This is seventy-five percent less than the figure in the current year.

Dialog also expects its headcount to decrease to 1,800. Additionally, Bagherli revealed that after its next quarterly training update, his company would start a share buyback program for up to ten percent of its stock. According to analysts, the already-healthy net cash position of Dialog which is worth $525 million would be strengthened by the $600 million deal with Apple.

For years, Apple has developed its own processors, however, it is only recently that the company has stepped up its efforts to design components such as Bluetooth, graphics, and other phone-related chips in-house. While this creates new risks and is expensive, it can help Apple to maintain leverage over suppliers as several acquisitions have reduced the number of chipmakers it works with.

iPhone 8 and iPhone X were the first iPhones to feature Apple’s own graphics cards, or GPUs. And, this trend has continued with the recently released XS and Apple Watch Series 4.  Currently, Imagination Technologies Group Plc—a U.K. chip designer provides chip technology to Apple for products such as Apple TV, and iPad. However, it is expected that Apple would eventually transition to its own graphics processors for all its iOS-based products, which includes Apple TV and iPad.  However, it is expected that Apple would eventually transition to its own graphics processors for all its iOS-based products, which includes Apple TV and iPad.

As for Dialog, the company expects to turn its focus to computing, automotive, mobile, and the Internet of Things (IoT) after the deal with Apple is completed. The $300 million that Apple has paid upfront as part of the deal would see the technology provider purchase lab tools and patents, take over a staff of three hundred, and acquire energy-administration know-how.

Beating the $350 million acquisition of PrimeSense, the $600 million deal with Dialog is the ‘largest of its kind’ by Apple.

[1]https://techcrunch.com/2018/10/10/apple-is-paying-300m-in-cash-to-buy-a-part-of-dialog-semiconductor-and-expand-its-chipmaking-in-europe/

[2]https://www.cnbc.com/2018/10/11/dialog-semiconductor-signs-600-million-licensing-deal-with-apple.html

by Bobby J Davidson

We love our company and we love what we do.  Check out the ‘Why Percento‘ page to learn more: Love of Technology and Business!  As the President of Percento Technologies International, I provide day-to-day leadership to the company’s senior management and I am personally involved in the strategy, business development and sales activities of the firm.

The company was founded in 1999 with the purpose of providing a one call source for organizations in need of Enterprise IT Consulting and Management.  We also provide a line of products in the boutique Cloud Server space with a touch of high-end website strategy consulting and design services.   We personalizes the IT Service experience with a team approach, working with clients from diverse sectors of industry, including energy services, financial, legal, entertainment, healthcare, hospitality, retail and general and/or corporate business.  percentotech.com/contact

Our Mission: “Creating innovative IT solutions for business leaders worldwide through cutting edge technologies.”

Contact me today to discuss how our great team can assist: 1 800 614 7886 or our Contact Form.