On Friday, Las Vegas Sands Corp (NYSE:LVS)’s shares declined -0.04% to $52.86.
On April 30, Xirrus, declared that Sands Expo Las Vegas has accomplished the upgrade of its Xirrus Wi-Fi 802.11n network to the faster 802.11ac standard. Covering 2.25 million square feet, Sands Expo’s Xirrus network is now the largest 802.11ac convention center network west of the Mississippi. The upgrade to 802.11ac improves the experience for exhibitors and convention-goers by providing faster performance and support for tens of thousands of simultaneous connections.
Fastest Upgrade to 802.11ac
Sands Expo’s upgrade to 802.11ac was the fastest network upgrade they ever achieved. Converting the 200 existing Xirrus 802.11n access points to 802.11ac took under 3 days. The speed of the upgrade is a result of its simplicity: rather than replacing the access points, Sands Expo simply popped in new radios, upgraded software, and then selected radios for high-speed 802.11ac operation with the click of a button in the administration console. In addition to saving time, the modular upgrade saved Sands Expo the noteworthy costs of purchasing and deploying all new access points.
“The Internet of Things has made high-density Wi-Fi very important for our customers,” said Justin Herrman, executive director of information technology and Internet delivery services for Sands Expo. “They prefer to hold their events at a venue offering 802.11ac Wi-Fi because exhibitors and guests want the faster performance. Xirrus’ modular Wi-Fi platform allowed us to quickly upgrade to the 802.11ac standard with a simple software setting. Our customers didn’t have to wait for a lengthy upgrade, and we saved the cost of 200 new access points plus controllers.”
Competitive Advantage
The largest convention center in the Western U.S., Sands Expo hosts over 60,000 trade shows and events annually. The high-density Xirrus 802.11ac network has become a competitive advantage in attracting and retaining customers such as Computer Electronics Show (CES) and VMworld. One reason is that the Xirrus network can support a massive number of simultaneous connections on show floors. At VMworld 2014 a record 38,000 wireless devices connected simultaneously.
“Conference centers represent one of the densest environments that tax a Wi-Fi network,” said Bruce Miller, VP of product marketing of Xirrus. “The next generation of Xirrus 802.11ac Gigabit Wi-Fi solutions delivers Sands Expo unmatched scalability and ease of deployment — supporting tens of thousands of users at the same time.”
Las Vegas Sands Corp. develops, owns, and operates integrated resorts in Asia and the United States. The company owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, the Four Seasons Hotel Macao, the Plaza Casino, and the Sands Macao in Macau, the People’s Republic of China. It also owns and operates the Marina Bay Sands in Singapore; The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and Five-Diamond luxury resorts on the Las Vegas Strip; the Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania.
Our properties comprise the five-diamond Venetian and Palazzo resorts and Sands Expo Center in Las Vegas, Sands Bethlehem in Eastern Pennsylvania, and the iconic Marina Bay Sands in Singapore.
Xirrus is the leading provider of high-performance wireless networks. Xirrus solutions perform under the most demanding circumstances, offering consistent “wired-like” performance with superior coverage and security.
Mobileye NV (NYSE:MBLY)’s shares dropped -0.04% to $44.84, during the last trading session on Friday.
Mobileye NV (MBLY), declared that it intends to release its financial results for the first quarter ended March 31, 2015 on Tuesday, May 12, 2015 at about 7:30 a.m. EDT.
In conjunction with the release, Mobileye will host a conference call at 8:30 a.m. EDT on Tuesday, May 12, 2015 to review the company’s financial results for the first quarter 2015 and to provide guidance for the remainder of the fiscal year 2015.
Mobileye N.V., together with its auxiliaries, designs and develops software and related technologies for camera-based advanced driver assistance systems primarily in Israel. It operates through two segments, Original Equipment Manufacturing and After Market. The company offers proprietary software algorithms and EyeQ chips that perform detailed interpretations of the visual field to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris, and other obstacles; and detect roadway markings, such as lanes, road boundaries, barriers, and related items, in addition to identify and read traffic signs and traffic lights.
At the end of Friday’s trade, Johnson Controls Inc (NYSE:JCI)‘s shares gained1.43% to $51.10.
On April 23, Johnson Controls Inc (JCI) stated net income of $529 million, or $0.80 per share, on $9.2 billion in revenues. Not taking into account transaction / integration costs and non-recurring items, the Company said that diluted earnings per share in the 2015 quarter were $0.77, up 17 percent contrast with $0.66 in the same quarter last year. As a result of the formerly declared sale of its Global Workplace Solutions (GWS) business, the Company has reclassified GWS results to suspended operations and preceding year financial statements have been revised accordingly.
Not taking into account transaction / integration costs and non-recurring items in the second quarter, ongoing operations highlights comprise:
- Net revenues of $9.2 billion vs. $9.5 billion in Q2 2014, down 3 percent. Not taking into account the impact of foreign currency, revenues raised 4 percent.
- Income from business segment operations of $698 million contrast with $593 million a year ago, up 18 percent, or up 23 percent not taking into account the impact of foreign currency
- Segment income margin enhance of 130 basis points
- Diluted earnings per share from ongoing operations of $0.73 as compared to $0.61 last year, up 20 percent
Non-recurring items in fiscal 2015 second quarter earnings comprise:
Ongoing operations (total net EPS reduction of $0.05 per share)
- Transaction / integration costs of $18 million ($16 million after-tax)
- Non-cash deferred tax charge of $17 million related to Japanese tax rate change
- Suspended operations (total net EPS enhance of $0.08 per share)
- Gain on sale of GWS joint ventures of $200 million ($127 million after-tax)
- Transaction costs of $10 million ($8 million after-tax)
- Non-cash tax charge of $67 million related to the repatriation of GWS foreign cash
- In the second quarter of 2014, the Company stated a non-recurring non-cash tax charge of $180 million related to the repatriation of Automotive Electronics foreign cash (net reduction of $0.27 per share).
Johnson Controls, Inc. operates as a diversified technology and industrial company worldwide. Its Building Efficiency segment designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, in addition to building administration systems, controls, and security and mechanical equipment. This segment also provides technical services, energy administration consulting, and operations of real estate portfolios for the non-residential buildings market.
Cree, Inc (NASDAQ:CREE), ended its Friday’s trading session with -1.77% loss, and closed at $31.12.
Furthering its commitment to driving better light experiences, Cree, Inc. ( CREE) declares a breakthrough achievement in LED performance with Cree® TrueWhite® LEDs, enabling no-compromise LED lighting in formerly untapped lighting applications such as high performance retail spots. Delivering greater than 90 CRI light at more than 140 lumens per watt efficacy in a small 19 mm light emitting surface (LES), Cree TrueWhite® LEDs offer unparalleled light quality, performance and reliability to lighting manufacturers.
Cree TrueWhite® LEDs are the first LED Arrays to deliver 3500 lumens of high quality light in the 19 mm LES required for retail spots. Unlike previous LED solutions, this new technology allows lighting manufacturers to develop LED spots without making trade-offs among color quality, light output, efficacy, lifetime or size.
“We’re excited that with Cree’s new TrueWhite® LEDs there is no compromise between performance and light quality,” said Mike Wang, executive vice president, lighting technologies, Edison Price Lighting. “Until now, there has not been a compelling reason to replace traditional ceramic metal halide (CMH) light sources with LEDs. Cree’s TrueWhite LED is truly game-changing and can further accelerate LED adoption.”
“We’re excited that with Cree’s new TrueWhite® LEDs there is no compromise between performance and light quality,” said Mike Wang, executive vice president, lighting technologies, Edison Price Lighting. “Until now, there has not been a compelling reason to replace traditional ceramic metal halide (CMH) light sources with LEDs. Cree’s TrueWhite LED is truly game-changing and can further accelerate LED adoption.”
Visit Cree at LIGHTFAIR® International (LFI®) in New York, May 5-7 at booth #1657 for a demonstration of the pioneering TrueWhite LEDs along with Cree’s full portfolio of market-leading LED technology. The first TrueWhite LEDs will be commercially accessible before the end of summer.
Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The companys LED Products segment provides blue and green LED chips that are used in various applications, counting video screens, gaming displays, function indicator lights and automotive backlighting, headlamps, and directional indicators; LED components comprising packaged LED products for lighting applications, and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications; and silicon carbide (SiC) materials, which are used in manufacturing products for RF, power switching, gemstone, and other applications.
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