In today's regional roundup: Ericsson and friends form new connected car consortium; encouraging trends from Tecnotree; Manx Telecom suspends its CFO; Avanti seeks a new CEO.
Ericsson AB (Nasdaq: ERIC) has joined Intel, NTT Group (NYSE: NTT), NTT DoCoMo Inc. (NYSE: DCM), Toyota Motor, Toyota InfoTechnology Center and automotive components vendor Denso in forming the Automotive Edge Computing Consortium to develop the network and computing infrastructure needed for "automotive big data." The members aim to "develop an ecosystem for connected cars to support emerging services such as intelligent driving, the creation of maps with real-time data and driving assistance based on cloud computing." The members note that the expected data traffic volumes between vehicles and cloud infrastructure will hit 10 exabytes per month by 2025, about 10,000 times more than currently exists, and that this will "trigger the need for new architectures of network and computing infrastructure to support distributed resources and topology-aware storage capacity." For more on this see this Ericsson announcement.
BSS solutions specialist Tecnotree Corp. has reported improved profitability for the first six months of 2017 following further cost cuts, though warns that its "financial situation and liquidity remain critical." For the first six months of 2017, the Finnish software vendor reported revenues of €27.3 million (US$32.3 million), down 6.5% year-on-year, and an operating profit of €2.9 million ($3.4 million), compared with an operating loss of €1.4 million ($1.65 million) for the first half of 2016. At the end of June, the company had 719 staff, down from 926 a year earlier. The company noted that it is encouraged by its improving margins but that it still needs to reduce costs and rationalize its portfolio. It is also in negotiations regarding short-term financing and long-term investments to improve its financial footing.
Manx Telecom Ltd. , the main network operator on the Isle of Man, has suspended its CFO, Danny Bakhshi, while he is "the subject of criminal proceedings unrelated to his duties as Group CFO." According to The Daily Telegraph, Bakhshi has been charged "with an offence related to bringing cannabis on to the island from Amsterdam." The share price of Manx Telecom, which is listed on London's AIM market, dipped by about 3% when the news was announced mid-Thursday but has recovered slightly Friday morning to 185 pence. The news comes only a day after another AIM-listed company, Telit, was embroiled in its own legal scandal. (See Eurobites: Telit's CEO Probe Not Cool for Cats .)
News from yet another AIM-listed company... Satellite operator Avanti Communications Group plc has announced that CEO David Williams is stepping down and will be replaced by non-executive director and former Vodafone strategy director Alan Harper until a permanent replacement is found. For more background on Avanti and Williams, see this Space News article.
Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.
During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.
She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.