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A Robot In Every Home - by Bill Gates Replies |
rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16909 Location: Sunny California
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Posted: Sun Apr 15, 2012 7:20 am Post subject: |
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This oughtta put a cap on government's stealth tightening via minimum wages right about the time that bloom has come off the rose of renminbi appreciation. Command Economy does it again! _________________ Today is the Tomorrow you worried about Yesterday! |
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11707 Location: Los Angeles, California
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11707 Location: Los Angeles, California
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11707 Location: Los Angeles, California
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Posted: Thu Feb 09, 2012 3:58 pm Post subject: |
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So much for "a robot in every home." IRBT took a significant hit today as the US defense outlook sours. Following is courtesy of Morningstar.
| Quote: | | On Wednesday, iRobot IRBT reported strong fourth-quarter results, with solid double-digit revenue gains and widened profitability. Management also raised its long-term forecast for EBITDA margins to the high teens (from the mid- to high teens), in line with our recent reassessment. All that said, 2012 looks to be far tougher than we've envisioned. In our recently updated forecast, we cautioned that government austerity measures would probably lead to slowing top-line growth in the company's military segment, but iRobot believes such headwinds will actually lead to sharp declines this year rather than just muted gains. We're encouraged that the firm's home robot division is likely to enjoy continued double-digit sales growth in 2012, but the firm is targeting just flat to 4% consolidated revenue gains for the year, with adjusted EBITDA margins around 12.5%; this pales in comparison with our current low-double-digit top-line growth and midteen margin assumptions for the company. Nonetheless, although we plan to revisit our near-term projections, we believe most of iRobot's value exists in its long-ter m expectations, and we view the firm's disappointing 2012 view as more a shift in demand rather than outright end market destruction. As such, we don't plan to alter our $31 fair value estimate. During the quarter, iRobot's home robot division sales climbed 7.5% from a year ago, led by 13% growth in international revenue that more than offset a 2% decline in U.S. deliveries. We expect continued outperformance in overseas sales (which constituted more than 70% of segment revenue for the full year) and rebounding domestic revenue, as the firm's U.S. growth was hampered by exits from low-margin product lines and retailers. We also like that gross margins finished the year at their strongest level in the company's history. For 2012, we think Latin American expansion and continued high-single-digit price increases will drive continued double-digit gains in the segment. However, management now believes its government and industrial business will see declining revenue for the year, driven largely by near-term budgeting issues. We expect the segment to enjoy a better second half, although we caution that more defense spending cuts or delays could push out this demand even further. We think iRobot's positive in-field feedback and the military's preference for technological advancement positions the company well, even in a more difficult operating environment, although profitability is likely to suffer in the near term because of reduced sales. Easing our concerns, the company still holds a great deal of cash and short-term investments--$184 million at the end of the year. IRobot plans to continue investing heavily in research and development, including a further push into the health-care realm, and we anticipate acquisitions will also become a key part of its growth trajectory. |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16909 Location: Sunny California
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Posted: Mon Jan 16, 2012 7:48 am Post subject: |
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Those robots are looking more and more like our children...or, is that the other way around?:
| Quote: | | "Adults are worried about texting being a disturbance while driving. A lot of kids think that driving is a disturbance to texting." |
http://www.detroitnews.com/article/20120116/AUTO01/201160362/1148/rss25 _________________ Today is the Tomorrow you worried about Yesterday! |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16909 Location: Sunny California
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11707 Location: Los Angeles, California
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Posted: Fri Dec 02, 2011 10:16 pm Post subject: |
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Drastically needed in gridlocked Los Angeles.
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Will Driverless Cars Become the New Road Rage?
The sci-fi dream of no-hands vehicles could be real within a decade
It’s a late summer day, and I’m sitting in the driver’s seat of a BMW 3 Series at the Mazda Raceway Laguna Seca in Salinas, Calif. Sitting, not driving. When I lift my hands from the wheel at the beginning of this 2.2-mile course, the car accelerates to 75 mph almost instantly, pushing me and my passengers—BMW engineers and executives—into our leather seats. The car’s computer brain, using satellite signals to navigate the track, is in control.
“Wait until you see what’s coming up,” says Tom Kowaleski, a BMW spokesman, as we head for the Corkscrew, a steep, tight S-curve and the scene of numerous YouTube crash videos. We hit it at about 40 mph, and I have to sit on my hands to keep them from grabbing the wheel back from the machine. The executives chuckle.
This 3 Series is part of BMW’s ongoing efforts to improve the technology behind driverless vehicles and understand how computerized chauffeurs might be used in the real world. Similar projects are under way at General Motors, Volkswagen, Google, and at research labs around the world. While the current technology is good enough to navigate roadways and recognize obstacles, it needs some refinement before it’s street-safe, says Thilo Koslowski, an industry analyst with researcher Gartner. The component costs also need to come down, he says. Still, there’s enough activity that governments are beginning to think about how to regulate the new smart vehicles. “In 10 years you will see the first kind of autonomous vehicles” on regular streets, says Koslowski. “The privilege of driving is going to be redefined.”
The idea of self-driving cars is almost as old as the car itself. GM’s vision for the future of transportation at the 1939 World’s Fair in New York included driverless cars. Automakers say recent advances in computing power and networking technologies make it feasible to build real ones. Although the experiments vary in their details, autonomous cars generally use GPS to recognize where they are on the road. Cameras, lasers, and radar help them keep their distance from other cars and recognize objects like pedestrians. Superfast processors weave all the inputs together, allowing cars to react quickly.
Proponents say the promise is enormous: Turning the wheel over to computers could lead to less traffic, fewer collisions, and more transportation options for aging societies. The world’s population is predicted to grow 33 percent, to 9.3 billion, by 2050. If that population were to live like Americans, there would be 7.7 billion cars on the roads—up from 850 million today. That enormous fleet would consume 375 million barrels of oil per day, more than five times the global production in 2008, according to John Sterman, a professor at the Massachusetts Institute of Technology’s Sloan School of Management. The traffic problem that already cripples many of the world’s megacities would get a whole lot worse. Bringing the reliability of silicon to the roads would help solve these problems: Autonomous cars could potentially drive at high speeds and close together without fear of wrecks or jams, cutting down on wasted time and gas.
Some auto executives worry about what will happen to their businesses if traffic continues to get worse and driving becomes more trouble than it’s worth. “The freedom of mobility that my great-grandfather brought to people is now being threatened,” said Ford Motor Executive Chairman Bill Ford at a speech earlier this year at the TED technology conference. “Global gridlock is going to stifle economic growth and our ability to deliver food and health care, particularly to people that live in city centers, and our quality of life is going to be severely compromised.”
To avoid that future, car companies from Toyota Motor to Tata Motors have to start thinking of themselves as being in the “transportation services” business, says MIT’s Sterman. “The ones that say we’re in the car manufacturing and sales business are not going to survive the big disruptive transition that is clearly coming.” Automakers are already adding features that cede some of a driver’s control to computers in the name of safety or convenience. Features available in some luxury cars, such as cruise control that uses sensors to maintain a safe distance behind other vehicles or automatic parallel parking, are indicators of an industry starting to think about how we drive, not just what we drive.
Building and servicing intelligent transportation systems, such as the automatic parking feature and real-time traffic feeds, is already a $48 billion industry in the U.S., according to the Intelligent Transportation Society of America. Companies such as Intel and AT&T are eager to grab a piece of that by supplying the microchips and cellular services that help make cars smarter. “Autonomous driving is almost like an evolution of technology rather than a revolution, if you think about the technologies that have been put on vehicles” in recent years, says Chris Borroni-Bird, GM’s director of advanced technology vehicle concepts. His team is working to test the automaker’s EN-V vehicles—autonomous, electric concept cars that made a splash at the Shanghai World Expo in 2010—in the Chinese city of Tianjin.
A major challenge for driverless roadways is finding a way for vehicles to safely and reliably communicate with one another. That requires getting all the automakers and regulatory agencies to agree on a standard. The National Highway Traffic Safety Administration has begun studying various technologies for vehicle-to-vehicle communication and plans to make a decision by 2013 about whether to continue to study the issue and make rules to regulate it. The NHTSA says intervehicle communication could reduce up to 80 percent of vehicle crashes involving nonimpaired drivers. “That really is the moon shot,” says NHTSA Administrator David Strickland. Car-to-car communication could also allow cars to pass warnings about collisions or traffic to each other. Nevada received national attention this summer when the state enacted a new law requiring the creation of regulations governing autonomous vehicles on highways.
State regulations, however, are far from my mind as the BMW I’m “driving” races through the Corkscrew. The car hugs the curve while taking a right turn, and the wheels thump off the track. An engineer reaches over to grab the wheel to keep us on the road. “Sorry about that,” he says, and later tells me the GPS signal was acting glitchy that day. Obviously, there are still issues to work out before we let go of the wheel for good.
The bottom line: Intelligent transportation systems like self-parking cars are already a $48 billion business and a harbinger of autonomous driving. |
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11707 Location: Los Angeles, California
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11707 Location: Los Angeles, California
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Posted: Wed Oct 26, 2011 2:28 pm Post subject: |
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Morningstar on iRobot's 3Q earnings:
| Quote: | | On Tuesday, iRobot IRBT reported third-quarter results that again highlighted the profitability progress it has made, and we're maintaining our $26 fair value estimate. On the basis of strong 28% year-over-year revenue growth, the firm saw operating margins tick up to 12.9% from 7.9% a year ago and 10.7% in the prior quarter. International home robot sales again drove these solid results, with non-U.S. revenue up 56% in the period; along with a 20% jump in average selling prices (largely due to a mix shift toward higher-end Roombas), these sales helped home robot gross margins climb to 45% from 40% in the prior-year period. Government and industrial robots also enjoyed a strong quarter, with revenue up 21% year over year and gross margins 700 basis points higher t o 36%. However, in response to military spending uncertainty (primarily in regards to government-funded research and development expenses), iRobot has laid off a portion of its government and industrial workforce in order to preserve profitability during what management expects to be a slow-growth period in the segment. We still expect the company to enjoy growing deliveries of its Packbot and SUGV robots, and we were encouraged to hear on the conference call that the recent Boeing BA contract termination was short-term in nature, but we caution that this business unit is not likely to enjoy continued robust double-digit growth over the next several years. Nonetheless, this outlook is in line with our current thinking. IRobot continued to perform admirably in its home robot division, and we forecast midteen annual revenue growth for this segment through the next five years, stemming from continued international gains such as the company's full launch into Latin America through 2012 and the Chinese market in 2013. That said, U.S. sales fell both year over year and sequentially in the third quarter, probably partly as a result of uncertainty among iRobot's retail customer base ahead of a potentially weak holiday spending season; historically, sales in this division have climbed substantially from the second quarter into the third. With solid increases in both home robot pricing and international sales, management now foresees full-year revenue growth around 16% (slightly higher than the previous outlook of about 15%) and earnings per share of $1.20-$1.24 (excluding a $0.12 one-time tax benefit); although the revenue forecast trails our expectations, the profit prediction nearly matches our own. The firm's cash position improved during the quarter, as reduced inventory and higher accounts payable led to sharply increased cash from operations. Cash and investments totaled more than $145 million at the end of the quarter, or about $5.20 per share. |
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11707 Location: Los Angeles, California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16909 Location: Sunny California
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Posted: Wed Sep 14, 2011 6:32 am Post subject: |
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....Numbers writers by the looks of it. I wonder if it recognized "turning points."  _________________ Today is the Tomorrow you worried about Yesterday! |
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11707 Location: Los Angeles, California
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11707 Location: Los Angeles, California
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Posted: Mon Aug 01, 2011 11:29 am Post subject: |
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| Bingo. Soon enough, the manufacturing will shift back to the States--or to places with heavy localized demand. Ironically, there will be a higher demand for skilled workers to operate and monitor these robots (but not by much). |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16909 Location: Sunny California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16909 Location: Sunny California
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