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While tens of millions of Americans believe President Obama may be the most divisive president since Abraham Lincoln, at least one U.S. senator thinks he may be the most abusive in terms of wielding power. Granted, Sen. Ted Cruz, R-Texas, is a political opponent,… |
Author: Serkadis
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Obama pursues astonishing abuses, expansion of federal power, says U.S. Senator
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Google’s infrastructure spending spree continues; $1.2B in Q1
Google has stepped up its infrastructure spending once again, to the tune of $1.2 billion in the first quarter, according to its earnings report released on Thursday. That’s a 20 percent quarter-over-quarter increase, and the previous quarter’s $1.02 billion represented Google’s second-biggest quarterly investment ever.
There’s not much to say about this uptick in spending that hasn’t been said before. Essentially, Google has to keep on spending to keep its services running as well as possible and as efficiently as possible. Competing against Amazon, Facebook, Apple and Microsoft in everything from search to mobile to cloud computing costs a boatload of cash. Rolling out Google Fiber — soon to be in three cities — certainly isn’t cheap, either.
Apples-to-apples comparisons can be tough, because everyone’s businesses are different and decisions to build or buy new gear can affect expenditures, as can massive new headquarters. But here goes: In its fiscal third quarter earnings announced on Thursday, Microsoft claims it spent $930 million. Facebook, Apple and Amazon have not yet released their latest earnings, although both Apple and Amazon spent more than $2 billion on “property and equipment” in the previous quarter. Facebook spent $198 million and another $89 million leasing property and equipment.
This quarter’s $1.2 billion also represents a nearly 2x increase over last year’s first quarter infrastructure spending for Google.

Related research and analysis from GigaOM Pro:
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- Locating data centers in an energy-constrained world
- Facebook’s IPO filing: ideas and implications

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Researchers Expect To See A $6.5 Billion Market For Home Robotics By 2017

Sure, we have our Roombas and a few AR Drones here and there, but researchers expect that we’ll have many more – and better – robots within the next few years and that the overall market should hit $6.5 billion by 2017.
According to ABI Research’s Consumer Electronics Research Service, the consumer robotics market is currently at about $1.6 billion and growing. A slow economy and fairly expensive parts has stagnated things for the time being but improved devices and more interesting implementations – home helper robots, for example – could push the market up considerably.
As we’ve seen in our visit with Bossa Nova Robotics, devices like the Mobi ball bot can move through crowded spaces and help out in unique situations. While it’s still no Rosie the Robot, I could imagine a cleaning bot that could also help move heavy objects as a team effort and robots that can inspect chimneys and drains. Interestingly, the problem of safety begins to crop up when talking about consumer robotics.
“What happens if a robot falls down the stairs while someone is walking up, or gets caught on a lamp power cord and pulls the lamp down and starts a fire?” added Solis. “This is a gating factor to take-up of more complex personal robots – solvable but with additional cost.”Obviously the question remains: did the robots start the fire on purpose?
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Microsoft Reports $20.49 Billion in Revenue, CFO Leaves
Microsoft released its Q3 earnings, including $20.49 billion in revenue. Operating income was $7.61 billion. Net income was $6.06 billion.
CEO Steve Ballmer said, “The bold bets we made on cloud services are paying off as people increasingly choose Microsoft services including Office 365, Windows Azure, Xbox LIVE, and Skype. While there is still work to do, we are optimistic that the bets we’ve made on Windows devices position us well for the long-term.”
In addition to the results, the company announced that CFO Peter Klein will leave at the end of the current fiscal year after four years in the role and 11 years with the company.
“I’ve had a great experience as CFO and overall in my time at Microsoft,” Klein said. “We have an incredibly strong finance organization, and I’m looking forward to working with my successor on the transition through the end of the fiscal year.”
Here’s the release in its entirety:
REDMOND, Wash. — Apr. 18, 2013 — Microsoft Corp. today announced quarterly revenue of $20.49 billion for the quarter ended March 31, 2013. Operating income, net income, and diluted earnings per share for the quarter were $7.61 billion, $6.06 billion, and $0.72 per share.
These financial results reflect the net recognition of revenue related to the Windows Upgrade Offer, Office Upgrade Offer and Pre-Sales, and the Entertainment and Devices Division Video Game Deferral, partially offset by the European Commission fine. The following table reconciles these financial results reported in accordance with generally accepted accounting principles (GAAP) to non-GAAP financial results. We have provided this non-GAAP financial information to aid investors in better understanding the company’s performance.
“The bold bets we made on cloud services are paying off as people increasingly choose Microsoft services including Office 365, Windows Azure, Xbox LIVE, and Skype,” said Steve Ballmer, chief executive officer at Microsoft. “While there is still work to do, we are optimistic that the bets we’ve made on Windows devices position us well for the long-term.”
The Microsoft Business Division posted $6.32 billion of revenue, an 8% increase from the prior year period. Adjusting for the net recognition of revenue related to the Office Upgrade Offer and Pre-Sales, Microsoft Business Division non-GAAP revenue increased 5%. During the quarter, we launched the new Office, enhancing productivity and the user experience through new mobility, social, and cloud features.
The Server & Tools business reported $5.04 billion of revenue, an 11% increase from the prior year period, driven by double-digit percentage revenue growth in SQL Server and System Center.
“Our enterprise business continues to thrive,” said Kevin Turner, chief operating officer at Microsoft. “Enterprise customers are increasingly turning to Microsoft for their IT solutions and as a result, we continue to take share from our competitors in key areas including hybrid cloud, data platform, and virtualization.”
The Windows Division posted revenue of $5.70 billion, a 23% increase from the prior year period. Adjusting for the recognition of revenue related to the Windows Upgrade Offer, Windows Division non-GAAP revenue was flat. During the quarter, we added to the Surface family of devices with Surface Pro.
The Online Services Division reported revenue of $832 million, an 18% increase from the prior year period. Online advertising revenue grew 22% driven by an increase in revenue per search.
The Entertainment and Devices Division posted revenue of $2.53 billion, an increase of 56% from the prior year period. Adjusting for the recognition of revenue related to the Video Game Deferral, the division’s non-GAAP revenue increased 33% for the third quarter. Xbox LIVE now has over 46 million members worldwide, an 18% increase from the prior year period.
“Our diverse business continues to deliver solid financial results, even as we navigate the evolving device market,” said Peter Klein, chief financial officer at Microsoft. “Looking ahead, we will continue to invest in long-term growth opportunities to drive our devices and services strategy forward and deliver ongoing value to shareholders.”
Business Outlook
Adjusting for the European Commission fine, Microsoft is revising operating expense guidance downward and now offers a range of $30.2 billion to $30.5 billion for the full year ending June 30, 2013. Microsoft also offers preliminary fiscal year 2014 operating expense guidance of $31.6 billion to $32.2 billion, representing 4% to 6% growth from the mid-point of fiscal year 2013 adjusted guidance.
CFO Transition
The company also announced Microsoft CFO Peter Klein will leave the company at the end of the current fiscal year, after nearly four years in role and 11 years at the company. Microsoft will be naming a new CFO from its finance leadership team in the next several weeks.
“It has been a pleasure to work with Peter as CFO,” Ballmer said. “He’s been a key member of my leadership team and a strategic advisor to me, and I wish him the very best.”
“I’ve had a great experience as CFO and overall in my time at Microsoft,” Klein said. “We have an incredibly strong finance organization, and I’m looking forward to working with my successor on the transition through the end of the fiscal year.”
Webcast Details
Peter Klein, chief financial officer, Frank Brod, chief accounting officer, and Chris Suh, general manager of Investor Relations, will host a conference call and webcast at 2:30 p.m. PDT (5:30 p.m. EDT) today to discuss details of the company’s performance for the quarter and certain forward-looking information. The session may be accessed at http://www.microsoft.com/investor/ . The webcast will be available for replay through the close of business on Apr. 18, 2014.
Adjusted Financial Results and Non-GAAP Measures
For the third quarter fiscal year 2013, GAAP revenue, operating income, and earnings per share included the recognition of revenue for the Windows Upgrade Offer, the Office Upgrade Offer and Pre-Sales, and the Entertainment and Devices Division Video Game Deferral, partially offset by the European Commission fine. These items are defined in our Form 10-Q for the quarterly period ended March 31, 2013. In addition to these financial results reported in accordance with generally accepted accounting principles (GAAP), we have provided certain non-GAAP financial information to aid investors in better understanding the company’s performance. Presenting these measures without the impact of these items gives additional insight into operational performance and helps clarify trends affecting the company’s business. For comparability of reporting, management considers this information in conjunction with GAAP amounts in evaluating business performance. These non-GAAP financial measures should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.
Non-GAAP Reconciliations
Windows Division
Microsoft Business Division
Entertainment and Devices Division
About Microsoft
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Forward-Looking Statements
Statements in this release that are “forward-looking statements” are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as:
- intense competition in all of Microsoft’s markets;
- execution and competitive risks from our increasing focus on devices and services;
- significant investments in new products and services that may not be profitable;
- Microsoft’s continued ability to protect its intellectual property rights;
- claims that Microsoft has infringed the intellectual property rights of others;
- the possibility of unauthorized disclosure of significant portions of Microsoft’s source code;
- cyber-attacks and security vulnerabilities in Microsoft products that could reduce revenue or lead to liability;
- improper disclosure of personal data that could result in liability and harm to Microsoft’s reputation;
- outages, data losses, and disruptions of our online services if we fail to maintain an adequate operations infrastructure;
- government litigation and regulation that may limit how Microsoft designs and markets its products;
- Microsoft’s ability to attract and retain talented employees;
- delays in product development and related product release schedules;
- unfavorable changes in general economic or market conditions, disruption of our partner networks or sales channels, or the availability of credit that affect demand for Microsoft’s products and services or the value of our investment portfolio;
- adverse results in legal disputes;
- unanticipated tax liabilities;
- quality or supply problems in Microsoft’s consumer hardware or other vertically integrated hardware and software products;
- impairment of goodwill or amortizable intangible assets causing a charge to earnings;
- exposure to increased economic and regulatory uncertainties from operating a global business;
- geopolitical conditions, natural disaster, cyber-attack or other catastrophic events disrupting Microsoft’s business; and
- acquisitions, joint ventures, and strategic alliances that adversely affect the business.
For further information regarding risks and uncertainties associated with Microsoft’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Microsoft’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Microsoft’s Investor Relations department at (800) 285-7772 or at Microsoft’s Investor Relations website at http://www.microsoft.com/investor/.
All information in this release is as of Apr. 18, 2013. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company’s expectations.
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Google Reports $14 Billion In Q1 Revenue, Up 31%
Google released its earnings report for the first quarter, posting $14 billion in revenue, up 31% year-over-year.
“We are working hard and investing in our products that aim to improve billions of people’s lives all around the world,” says CEO Larry Page.
Revenues from Google-owned sites were $8.64 billion, or 67% of total Google revenues. Partner sites generated $3.26 billion. “Other revenues” were $1.05 billion. Revenues from outside the U.S. were $7.1 billion.
Paid clicks increased 20% year over year, and 3% quarter over quarter. CPCs decreased 4% year over year and 4% quarter over quarter.
We’ll update with more from the conference call.
Here’s the release in its entirety:
MOUNTAIN VIEW, Calif. – April 18, 2013 – Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2013.
“We had a very strong start to 2013, with $14.0 billion in revenue, up 31% year-on-year,” said Larry Page, CEO of Google. “We are working hard and investing in our products that aim to improve billions of people’s lives all around the world.”
Q1 Financial Summary
Google Inc. reported consolidated revenues of $13.97 billion for the quarter ended March 31, 2013, an increase of 31% compared to the first quarter of 2012. Google Inc. reports advertising revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the first quarter of 2013, TAC totaled $2.96 billion, or 25% of advertising revenues.
Operating income, operating margin, net income, and earnings per share (EPS) are reported on a GAAP and non-GAAP basis. The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures at the end of this release.
- GAAP operating income in the first quarter of 2013 was $3.48 billion, or 25% of revenues. This compares to GAAP operating income of $3.39 billion, or 32% of revenues, in the first quarter of 2012. Non-GAAP operating income in the first quarter of 2013 was $4.22 billion, or 30% of revenues. This compares to non-GAAP operating income of $3.94 billion, or 37% of revenues, in the first quarter of 2012.
- GAAP net income including net income from discontinued operations in the first quarter of 2013 was $3.35 billion, compared to $2.89 billion in the first quarter of 2012. Non-GAAP net income in the first quarter of 2013 was $3.90 billion, compared to $3.33 billion in the first quarter of 2012.
- GAAP EPS including impact from net income from discontinued operations in the first quarter of 2013 was$9.94 on 337 million diluted shares outstanding, compared to $8.75 in the first quarter of 2012 on 330 million diluted shares outstanding. Non-GAAP EPS in the first quarter of 2013 was $11.58, compared to $10.08 in the first quarter of 2012.
- Non-GAAP operating income and non-GAAP operating margin exclude stock-based compensation (SBC) expense, as well as restructuring and related charges recorded in our Motorola Mobile business. Non-GAAP net income and non-GAAP EPS exclude the expenses noted above, net of the related tax benefits, as well as net income from discontinued operations. In the first quarter of 2013, the expense related to SBC and the related tax benefits were $681 million and $149 million compared to $556 million and $118 million in the first quarter of 2012. In the first quarter of 2013, restructuring and related charges recorded in our Motorola Mobile business were $66 million, and the related tax benefits were $23 million. In addition, net income from discontinued operations, in the first quarter of 2013, was $22 million.
Q1 Financial Highlights
Revenues and other information – On a consolidated basis, Google Inc. revenues for the quarter ended March 31, 2013 were $13.97 billion, an increase of 31% compared to the first quarter of 2012.
Google Revenues (advertising and other) – Google revenues were $12.95 billion, or 93% of consolidated revenues, in the first quarter of 2013, representing a 22% increase over first quarter 2012 revenues of $10.65 billion.
- Google Sites Revenues – Google-owned sites generated revenues of $8.64 billion, or 67% of total Google revenues, in the first quarter of 2013. This represents an 18% increase over first quarter 2012 Google sites revenues of $7.31 billion.
- Google Network Revenues – Google’s partner sites generated revenues of $3.26 billion, or 25% of total Google revenues, in the first quarter of 2013. This represents a 12% increase from first quarter 2012 Google network revenues of $2.91 billion.
- Other Revenues – Other revenues from Google were $1.05 billion, or 8% of total Google revenues, in the first quarter of 2013. This represents a 150% increase over first quarter 2012 other revenues of $420 million.
Google International Revenues – Google revenues from outside of the United States totaled $7.1 billion, representing 55% of total Google revenues in the first quarter of 2013, compared to 54% in the fourth quarter of 2012 and in the first quarter of 2012.
Foreign Exchange Impact on Google Revenues – Excluding gains related to our foreign exchange risk management program, had foreign exchange rates remained constant from the fourth quarter of 2012 through the first quarter of 2013, our Google revenues in the first quarter of 2013 would have been $11 million higher. Excluding gains related to our foreign exchange risk management program, had foreign exchange rates remained constant from the first quarter of 2012 through the first quarter of 2013, our Google revenues in the first quarter of 2013 would have been $110 million higher.
- Google revenues from the United Kingdom totaled $1.39 billion, representing 11% of Google revenues in the first quarter of 2013, compared to 11% in the first quarter of 2012.
- In the first quarter of 2013, we recognized a benefit of $35 million to Google revenues through our foreign exchange risk management program, compared to $37 million in the first quarter of 2012.
Reconciliations of our non-GAAP international revenues excluding the impact of foreign exchange and hedging to GAAP international revenues are included at the end of this release.
Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our Network members, increased approximately 20% over the first quarter of 2012 and increased approximately 3% over the fourth quarter of 2012.
Cost-Per-Click – Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our Network members, decreased approximately 4% over the first quarter of 2012 and decreased approximately 4% over the fourth quarter of 2012.
TAC – Traffic acquisition costs, the portion of revenues shared with Google’s partners, increased to $2.96 billion in the first quarter of 2013, compared to $2.51 billion in the first quarter of 2012. TAC as a percentage of advertising revenues was 25% in the first quarter of 2013, compared to 25% in the first quarter of 2012.
The majority of TAC is related to amounts ultimately paid to our Network members, which totaled $2.28 billion in the first quarter of 2013. TAC also includes amounts ultimately paid to certain distribution partners and others who direct traffic to our website, which totaled $680 million in the first quarter of 2013.
Motorola Mobile Revenues (hardware and other) – Motorola Mobile revenues were $1.02 billion, or 7% of consolidated revenues in the first quarter of 2013.
Other Cost of Revenues – Other cost of revenues, which is comprised primarily of manufacturing and inventory-related costs, data center operational expenses, amortization of intangible assets, and content acquisition costs, increased to $2.98 billion, or 21% of revenues, in the first quarter of 2013, compared to $1.28 billion, or 12% of revenues, in the first quarter of 2012.
Operating Expenses – Operating expenses, other than cost of revenues, were $4.55 billion in the first quarter of 2013, or 33% of revenues, compared to $3.47 billion in the first quarter of 2012, or 33% of revenues.
Amortization Expenses – Amortization expenses of acquisition-related intangible assets were $315 million for the first quarter of 2013. Of the $315 million, $153 million was as a result of the acquisition of Motorola, of which $116 million was allocated to Google and $37 million was allocated to Motorola Mobile.
Stock-Based Compensation (SBC) – In the first quarter of 2013, the total charge related to SBC was $697 million, compared to $556 million in the first quarter of 2012. We currently estimate SBC charges for grants to employees prior to March 31, 2013 to be approximately $2.7 billion for 2013. This estimate does not include expenses to be recognized related to employee stock awards that are granted after March 31, 2013 or non-employee stock awards that have been or may be granted.
Operating Income – On a consolidated basis, GAAP operating income in the first quarter of 2013 was $3.48 billion, or 25% of revenues. This compares to GAAP operating income of $3.39 billion, or 32% of revenues, in the first quarter of 2012. Non-GAAP operating income in the first quarter of 2013 was $4.22 billion, or 30% of revenues. This compares to non-GAAP operating income of $3.94 billion, or 37% of revenues, in the first quarter of 2012.
- Google Operating Income – GAAP operating income for Google was $3.75 billion, or 29% of Google revenues, in the first quarter of 2013. This compares to GAAP operating income of $3.39 billion, or 32% of Google revenues, in the first quarter of 2012. Non-GAAP operating income in the first quarter of 2013 was $4.40 billion, or 34% of Google revenues. This compares to non-GAAP operating income of $3.94 billion in the first quarter of 2012, or 37% of Google revenues.
- Motorola Mobile Operating Loss – GAAP operating loss for Motorola Mobile was $271 million, or -27% of Motorola Mobile revenues in the first quarter of 2013. Non-GAAP operating loss for Motorola Mobile in the first quarter of 2013 was $179 million, or -18% of Motorola Mobile revenues.
Interest and Other Income, Net – Interest and other income, net, was $134 million in the first quarter of 2013, compared to $156 million in the first quarter of 2012.
Income Taxes – Our effective tax rate was 8% for the first quarter of 2013.
Net Income – GAAP net income in the first quarter of 2013 was $3.35 billion, compared to $2.89 billion in the first quarter of 2012. Non-GAAP net income was $3.90 billion in the first quarter of 2013, compared to $3.33 billion in the first quarter of 2012. GAAP EPS in the first quarter of 2013 was $9.94 on 337 million diluted shares outstanding, compared to $8.75 in the first quarter of 2012 on 330 million diluted shares outstanding. Non-GAAP EPS in the first quarter of 2013 was $11.58, compared to $10.08 in the first quarter of 2012.
Cash Flow and Capital Expenditures – Net cash provided by operating activities in the first quarter of 2013 totaled $3.63 billion, compared to $3.69 billion in the first quarter of 2012. In the first quarter of 2013, capital expenditures were $1.2 billion, the majority of which was for production equipment, data center construction and facilities-related purchases. Free cash flow, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities less capital expenditures. In the first quarter of 2013, free cash flow was $2.43 billion.
We expect to continue to make significant capital expenditures.
A reconciliation of free cash flow to net cash provided by operating activities, the GAAP measure of liquidity, is included at the end of this release.
Cash – As of March 31, 2013, cash, cash equivalents, and marketable securities were $50.1 billion.
Headcount – On a worldwide basis, we employed 53,891 full-time employees (38,739 in Google and 9,982 in Motorola Mobile and 5,170 in Motorola Home) as of March 31, 2013, compared to 53,861 full-time employees as of December 31, 2012.
WEBCAST AND CONFERENCE CALL INFORMATION
A live audio webcast of Google’s first quarter 2013 earnings release call will be available at http://investor.google.com/webcast.html. The call begins today at 1:30 PM (PT) / 4:30 PM (ET). This press release, the financial tables, as well as other supplemental information including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, are also available on that site.
We also announce investor information, including news and commentary about our business and financial performance, SEC filings, notices of investor events, and our press and earnings releases, on our investor relations website (http://investor.google.com) and our investor relations Google+ page (https://plus.google.com/+GoogleInvestorRelations/posts).
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve risks and uncertainties. These statements include statements regarding our continued investments in our core areas of strategic focus, our expected SBC charges, and our plans to make significant capital expenditures. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, unforeseen changes in our hiring patterns and our need to expend capital to accommodate the growth of the business, as well as those risks and uncertainties included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2012 which are on file with the SEC and are available on our investor relations website at investor.google.com and on the SEC website at www.sec.gov. Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2013. All information provided in this release and in the attachments is as of April 18, 2013, and we undertake no duty to update this information unless required by law.
ABOUT NON-GAAP FINANCIAL MEASURES
To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP EPS, free cash flow, and non-GAAP international revenues. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned “Reconciliations of selected non-GAAP financial measures to the nearest comparable GAAP financial measures”, “Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures,” “Reconciliation from net cash provided by operating activities to free cash flow,” and “Reconciliation from GAAP international revenues to non-GAAP international revenues” included at the end of this release.
We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures that may not be indicative of our recurring core business operating results, meaning our operating performance excluding not only non-cash charges, such as SBC, but also discrete cash charges that are infrequent in nature. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance and liquidity as well as comparisons to our competitors’ operating results. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.
Non-GAAP operating income and operating margin. We define non-GAAP operating income as operating income plus expenses related to SBC, and, as applicable, other special items. Non-GAAP operating margin is defined as non-GAAP operating income divided by revenues. Google considers these non-GAAP financial measures to be useful metrics for management and investors because they exclude the effect of SBC, and as applicable, other special items so that Google’s management and investors can compare Google’s recurring core business operating results over multiple periods. Because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use under FASB ASC Topic 718, Google’s management believes that providing a non-GAAP financial measure that excludes SBC allows investors to make meaningful comparisons between Google’s recurring core business operating results and those of other companies, as well as providing Google’s management with an important tool for financial and operational decision making and for evaluating Google’s own recurring core business operating results over different periods of time. There are a number of limitations related to the use of non-GAAP operating income versus operating income calculated in accordance with GAAP. First, non-GAAP operating income excludes some costs, namely, SBC, that are recurring. SBC has been and will continue to be for the foreseeable future a significant recurring expense in Google’s business. Second, SBC is an important part of our employees’ compensation and impacts their performance. Third, the components of the costs that we exclude in our calculation of non-GAAP operating income may differ from the components that our peer companies exclude when they report their results of operations. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from non-GAAP operating income and evaluating non-GAAP operating income together with operating income calculated in accordance with GAAP.
Non-GAAP net income and EPS. We define non-GAAP net income as net income plus expenses related to SBC and, as applicable, other special items less the related tax effects, as well as net income from discontinued operations. The tax effects of SBC and, as applicable, other special items are calculated using the tax-deductible portion of SBC, and, as applicable, other special items, and applying the entity-specific, U.S. federal and blended state tax rates. We define non-GAAP EPS as non-GAAP net income divided by the weighted average outstanding shares, on a fully-diluted basis. We consider these non-GAAP financial measures to be useful metrics for management and investors for the same reasons that Google uses non-GAAP operating income and non-GAAP operating margin. However, in order to provide a complete picture of our recurring core business operating results, we exclude from non-GAAP net income and non-GAAP EPS the tax effects associated with SBC and, as applicable, other special items. Without excluding these tax effects, investors would only see the gross effect that excluding these expenses had on our operating results. The same limitations described above regarding Google’s use of non-GAAP operating income and non-GAAP operating margin apply to our use of non-GAAP net income and non-GAAP EPS. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from non-GAAP net income and non-GAAP EPS and evaluating non-GAAP net income and non-GAAP EPS together with net income and EPS calculated in accordance with GAAP.
Free cash flow. We define free cash flow as net cash provided by operating activities less capital expenditures. We consider free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that, after the acquisition of property and equipment, including information technology infrastructure and land and buildings, can be used for strategic opportunities, including investing in our business, making strategic acquisitions, and strengthening the balance sheet. Analysis of free cash flow also facilitates management’s comparisons of our operating results to competitors’ operating results. A limitation of using free cash flow versus the GAAP measure of net cash provided by operating activities as a means for evaluating Google is that free cash flow does not represent the total increase or decrease in the cash balance from operations for the period because it excludes cash used for capital expenditures during the period. Our management compensates for this limitation by providing information about our capital expenditures on the face of the statement of cash flows and under the caption “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Google has computed free cash flow using the same consistent method from quarter to quarter and year to year.
Non-GAAP international revenues. We define non-GAAP international revenues as international revenues excluding the impact of foreign exchange and hedging. Non-GAAP international revenues are calculated by translating current quarter revenues using prior quarter and prior year exchange rates, as well as excluding any hedging gains realized in the current quarter. We consider non-GAAP international revenues as a useful metric as it facilitates management’s internal comparison to our historical performance.
The accompanying tables have more details on the non-GAAP financial measures that are most directly comparable to GAAP financial measures and the related reconciliations between these financial measures.
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Google Q1 2013 by the numbers: $13.97B revenue, $9.94 EPS

Google may be a company of many personalities — browser and operating system developer, connected-device manufacturer, fiber-optic Internet servicer, search giant and social network, among many others. But the core business is still about one thing: Advertising, as calendar first quarter results, delivered today after the closing bell, show.
Revenue rose 31 percent to $$13.97 billion, year over year; operating income, excluding Traffic Acquisition Costs, was $3.48 billion, up from $3.39 billion. Net income climbed to 3.35 billion up from $2.89 billion. That’s $9.94 earnings per share, including costs associated with discontinued operations.
Average analyst consensus was $14.04 billion revenue and $10.69 earnings per share, for the quarter. Revenue estimates ranged from $9.81 billion to $15.12 billion, with estimated year-over-year growth of 72.5 percent.
“We had a very strong start to 2013, with $14 billion in revenue, up 31 percent year-on-year” Larry Page, Google CEO, says. “We are working hard and investing in our products that aim to improve billions of people’s lives all around the world”.
Turn the Page
First quarter marks just a few days short Larry Page’s second anniversary returning as CEO (April 4). Google’s master had a busy quarter. The company:
- Launched Chromebook Pixel
- Set Google Reader to close July 1
- Sidelined Android chief Andy Rubin
- Opened the Chrome Beta for Android channel
- Consolidated Android and Chrome leadership
- Hired Guy Kawasaki as Motorola chief evangelist
- Axed more than a half-dozen products or services
- Moved Google Maps from Commerce to Search group
That’s just a short, short list of the many strategic actions or adjustments made in just one quarter.
There is clear consolidation underway as the CEO brings trusted executives — those with whom he resonates or who share his vision — closer to the inner circle. Meanwhile, a different Google emerges as Page’s vision, and that of his lieutenants, propagates — one that: cross-integrates more products and services, releases updates at faster pace and is much, much, much more aggressive in the market place. The Google you thought you knew is something else.
Financial Highlights
TAC. Google’s financials include Traffic Acquisition Costs — that’s revenue shared with partners. For Q1: $2.96 billion, compared to $2.51 billion a year earlier. TAC was one-quarter of revenue in both quarters.
Paid Clicks increased 20 percent year over year and 3 percent sequentially.
Cost-Per-Click rose 4 percent yearly and quarterly.
International: $7.5 billion outside the United States, accounting for 55 percent of revenues — that’s up 1 percent by year and quarter.
Motorola Mobile revenues reached $1.02 billion, or 7 percent for consolidated Google results.
Google revenue (excluding Motorola) was $12.95 billion — that’s up from 22 percent from $10.65 billion a year earlier.
Google-owned sites: $8.64 billion, up 18 percent from $7.31 billion.
Google Network (e.g., partner sites): $3.26 billion, up 12 percent from $2.91 billion.
Other: $1.05 billion, up 150 percent from $420 million.
MORE TO COME
Photo Credit: meneame comunicacions, sl
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Microsoft’s Q3 profit climbs as PC market tumbles
Expectations were high ahead of Microsoft’s fiscal third-quarter earnings report on Thursday. The PC industry saw a devastating decline in the March quarter but while its vendor partners took a big hit thanks to lackluster Windows 8 demand, industry watchers still saw Microsoft’s profit climbing 13.3% thanks to strong software sales. According to a Thomson Reuters poll of Wall Street analysts, Microsoft was expected to report earnings of $0.68 pre share, or $5.78 billion, on $20.51 billion in revenue. The numbers are now in and Microsoft bucked the PC sales trend while handily beat estimates, posting a profit of $0.72 per share, or $7.61 billion, on $20.5 billion in sales.
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Microsoft Q3 2013 by the numbers: $20.49B revenue, 72 cents EPS

Today, after the closing bell, Microsoft revealed what might be the closest-watched quarterly results in 11 years. Fiscal third quarter, like the one in 2002, marks a time of record-low PC shipments, with blame falling on the newest operating system. In recent weeks, every idiot arm-chair pundit imaginable has taken to the web to proclaim Windows 8 a failure and prophesying Microsoft’s doom. Not so fast. This company is still a money machine.
For fiscal Q3, ended March 31, Microsoft revenue reached $20.49 billion. Operating income: $7.61 billion and net income was $6.06 billion, or 72 cents a share.
Average analyst consensus was $20.56 billion revenue and 68 cents earnings per share, for the quarter. Revenue estimates ranged from $19.57 billion to $21.65 billion, with estimated year-over-year growth of 18.1 percent. Microsoft missed revenue consensus but exceed EPS forecast.
Several factors mitigated results: Office and Windows pre-sale and upgrade offers and European Commission fine.
“The bold bets we made on cloud services are paying off as people increasingly choose Microsoft services including Office 365, Windows Azure, Xbox Live, and Skype” CEO Steve Ballmer, says. “While there is still work to do, we are optimistic that the bets we’ve made on Windows devices position us well for the long-term”.
Windows 8 Dog and Pony Show
Microsoft’s big problem is declining PC shipments — during calendar first quarter (same as fiscal Q3) bad enough to rank as weakest since IDC started tabulating numbers in 1994. Many analysts and computer market watchers anticipated that Windows 8 would lift sagging shipments, which five months later are worse.
“At this point, unfortunately, it seems clear that the Windows 8 launch not only failed to provide a positive boost to the PC market, but appears to have slowed the market”, Bob O’Donnell, IDC vice president, claims. O’Donnell joins a chorus of Windows 8 blamers, offering a simply unfair and inaccurate assessment. Like today, PC shipments collapsed ahead of Windows XP’s release in 2001 and stayed slow for at least another year. As I explained three days ago, the market similarities are surprisingly close, including global economic malaise.
Many pundits look at smartphones and tablets as the PC’s demise, and Windows with it. Consumers shift spending away from personal computers to these devices, which is the evidence. In 2001-02, the phenomenon was similar, but the devices different — big-screen TVs and MP3 players. I wouldn’t write off the PC just yet.
Something else: Apple, which had been immune to Windows PC sales ills, is afflicted, too. According to IDC, U.S. Mac shipments fell 7.5 percent in calendar first quarter. If Windows 8 is to blame, why is Apple down, too? The point: The market dynamics are complex. The economy. Sales shifting to smartphones and tablets. PC saturation. Suffice to say that Windows 8 didn’t revive PC shipments, which according to IDC fell for 10 consecutive quarters but one — calendar Q3 2011. That’s quite different from being the cause.
Microsoft bet big on touch to compete with these other devices. Demand for traditional PCs is weak, which makes sense given it’s a mature product category. Touchscreen models, whether true tablet or hybrids, offer something different, but not necessarily more enough. They compete with media tablets like Apple’s iPad that offer similar top-line functionality for hundreds of dollars less. For many consumers, iPad, or even smaller tablets, is good enough. So on a touchscreen-to-touchscreen comparison, media slates win, and that phenomenon has little to do with Windows 8.
“The majority of consumers remain unwilling to pay the price premium for touchscreen capabilities on PCs at this stage”, Isabelle Durand, Gartner principal research analyst, says. “But, even so, touchscreens and Windows 8 will represent key opportunities for PC manufacturers in the second half of 2013”. The personal computer will be radically different, and even unrecognizable, in three years, I predict.
Looking at the global numbers, IDC puts calendar first quarter shipments down 13.9 percent, while Gartner is a bit more optimistic (-11.2 percent). IDC and Gartner estimate U.S. PC shipment declines of 12.7 percent and 9.6 percent, respectively.
Something else lost in all the punditry: Microsoft actually encouraged existing Windows customers not to buy new PCs. Promotional pricing make the new version lower than any of its predecessors, as I explained answering in January question “Why are Windows 8 sales so good when PC shipments are so bad?” So the real measure of Windows 8’s success or failure is actual license sales, not PC shipments.
MORE TO COME
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So that’s what happened to the Synthetic Genomics, Exxon algae fuel deal
One of the most exciting announcements back in the Summer of 2009 for the biofuel folks, was the much-discussed potentially $600 million deal between upstart startup Synthetic Genomics, led by genome guru Craig Venter, and oil giant Exxon to make algae fuel at commercial scale. While that partnership seemed to strain a bit in late 2011, I’ve never been quite clear on what actually happened to the plans.
But in a detailed Bloomberg article on Chevron’s move away from biofuels, Venter and Synthetic Genomics have finally confirmed that the Exxon-funded research didn’t produce the desired results and was subsequently down graded. The article says that in late 2011 an algae strain that proved promising in the testing greenhouse, didn’t hit its performance milestones in an Exxon pond in Texas.
As a result, Bloomberg says that Exxon changed the contract to focus on long term research instead of commercial production, and Synthetic Genomics was forced to lay off more than half its staff that were working on biofuel development. Venter also clarified back in late 2011, that the Exxon deal was to research naturally occurring algae cells only (not synthetic ones), and Venter hoped that Exxon would come around to funding the research based on synthetic algae cells.
Venter says that biofuels made from algae that will be able to scale, and compete with oil, will have to be synthesized and will not come from nature. In the Spring of 2010, Venter and his team successfully created the first synthetic bacterial cell, which was controlled completely by a synthetic genome. Alas, perhaps algae fuel won’t be the first application for that ground breaking research.

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Researchers Build New Batteries That Charge Instantly And Hold Hours Of Juice

A group of researchers at University of Illinois at Urbana-Champaign have created microbatteries that charge 1,000 times faster than normal batteries and can, feasibly, “jump-start a car” while powering a cellphone. The group, led by William King, is working on shrinking the batteries down to fit inside a “credit-card thin” device.
The batteries use a design that offers a much larger surface area for the cathode and anode which improves discharge as well as charge rate. While cathode (or plus side) improvements have existed for a while, this is the first one that also improves the “minus side” or anode.
In practice, the batteries could help create devices last 30 times longer or transmit farther distances – albeit with a hit in battery life. Many batteries either have a high power – the ability to pump out a lot of juice quickly – or high energy – the ability to store that juice and mete it out. Capactitors, for example, charge quickly but express their power very quickly as well. Li-Ion batteries hold energy but take a long time to charge. Because these batteries can hold so much energy and charge so quickly, you get the best of both worlds.
“Now we can think outside of the box,” said James Pikul, a graduate student on the project. “It’s a new enabling technology. It’s not a progressive improvement over previous technologies; it breaks the normal paradigms of energy sources. It’s allowing us to do different, new things.”
You can read the paper here but be warned it’s a bit nerdy and bit pricey to download.
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Archos expands from low-cost Android tablets to low-cost Android phones
Archos, a French company that has been building inexpensive tablets longer than most, is now entering the smartphone market. On Thursday, Archos announced a trio of Google Android smartphones with dual-SIM capability that it will sell at full price. But don’t expect to pay the $600 or more that a flagship phone often lists for: these Archos handsets range in price from $99 to $249 without a contract.
All three devices offer the basic, native Android experience, just like Google’s Nexus phone line. That could appeal to many who prefer Android’s user interface over HTC’s Sense or Samsung’s TouchWiz interfaces, for example. Of course, at this price, you won’t get the hardware that’s inside a Google Nexus flagship. The internal components aren’t bad for the price, but you won’t find support for LTE. Instead, all three devices use 3G/HSPA networks with download speeds up to 7.2 Mbps.For $99, the entry-level Archos 35 Carbon gets you a 3.5-inch IPS display with low 360 x 480 resolution. Internal memory is just 4 GB, which can be expanded with up 32 GB on a microSD card. The Android 4.0 device runs on a 1 GHz Qualcomm 7225A chip and includes aGPS, Wi-Fi, Bluetooth 3.0 and can be a hotspot. The two cameras — front and rear — only capture VGA quality images.
The $219 Archos 50 Platinum is a 5-inch handset with 960 x 540 resolution and IPS screen, running Android 4.1.2. The Platinum gets a big performance boost over the Carbon with a quad-core Qualcomm 8225Q running at 1.2 GHz paired with 1 GB of memory. Internal memory still tops out at 4 GB but can be expanded with removable storage. The same connectivity options from the Carbon are here. The two cameras, however, get a vast improvement: 8 megapixel on the rear camera with 720p video capture and 2 megapixels on the front.An additional $30 moves you up to the Archos 53 Platinum at $249. A cursory scan of the specs shows me that the $30 gets you a larger version of the Archos 50 because the specs appear to be the same. The key difference is the screen, which is a 5.3-inch IPS panel using the same qHD resolution as the Archos 50. You do get a larger battery, however, than the slightly smaller, cheaper model.
Archos plans to begin selling the smartphones by the end of May in Europe. I haven’t seen any indication of whether the handsets will arrive in the U.S., but I suspect you can always order one from overseas if you want a low-cost, unlocked Android phone without a homescreen skin.

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Heathers Perform ‘Forget Me Knots’ At Google
One of the latest “At Google Talks” Google has shared on YouTube is actually a musical performance. Heathers, the twin sister duo out of Dublin, performed their song “Forget Me Knots” at Google Ireland. It actually took place bac, in September, but Google has just made the video available.
More recent At Google Talks here.
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Nokia reportedly readying a phablet, upgraded Lumia 920 and 40-megapixel Windows Phone
Nokia’s first-quarter earnings report sent the stock tumbling on Thursday morning, but Windows Phone fans still got some good news. According to a report from The Financial Times, Nokia is developing at least three new high-end smartphones that will launch later this year and will represent Nokia’s latest effort to “revitalize” its handset business. The first is a Windows Phone phablet, which FT reports will have a display measuring between 5- and 6-inches diagonally. In addition, the report claims Nokia plans to launch a Lumia handset with a 40-megapixel PureView camera as well as a “more advanced” version of the Lumia 920. No other details or launch timing were noted in the report.
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Guavus raises $9M more in quest to make telcos smarter
There’s gold in them thar telecommunications networks, and Guavus wants to help carriers find it. On Thursday, the San Mateo, Calif.-based big data company announced it has raised another $9 million in funding — from new investors Goldman Sachs and TransLink Capital — bringing the company’s total investment to $87 million and helping to finance acquisitions and a global expansion into Asia.
In a nutshell, Guavus is trying to make telcos — including “all tier-1 mobile operators” — smarter by letting them make sense of the data they’re networks are generating. Those companies are historically alright at using their demographic and billing data to improve their marketing efforts, but they’ve been largely blind to what’s happening on their networks, Founder and CEO Anukool Lakhina told me during an interview a few months ago. However, he said, “The magic happens in marrying and infusing that network data with the demographic and billing data.”
To get a better sense of how Guavus does what it does, I suggest reading Stacey Higginbotham’s October 2012 interview with Lakhina. You can also watch his presentation from our Structure: Data event just last month.
Guavus has actually been rather busy lately. In January, it closed a $30 million funding round and then bought mobile-analytics startup Neuralitic Systems less than two weeks later. When I spoke to Lakhina about that acquisition, he said the plan is to use Neuralitic’s marketing and application expertise to help customers automate business processes, promotions and other functions based on their newfound insights into what’s happening across the entire company.
Feature image courtesy of Shutterstock user Pavel Ignatov.

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Jailbreak tweak brings iPhone closer to ‘Home’
Facebook Home will never be available on the iPhone — at least not as we know it on Android. The software that turns every Android phone into a “Facebook Phone” is simply too intrusive to get around Apple’s strict developer guidelines. Facebook brought one of Home’s more intriguing features to the iPhone earlier this week, however, when it updated its app with support for “chat heads,” the small round avatars that pop up on the screen when a Facebook friend messages you. Chat heads obviously only work while iPhone users have Facebook’s app open, but a new jailbreak tweak launching soon bypasses Apple’s restrictions and makes chat heads available on any screen.
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Facebook Unveils Live Dashboard for PUE, Water Use
A look at the new Facebook dashboard reporting its data center efficiency metrics.
The era of real-time data has arrived for the data center industry’s leading energy efficiency metric. Facebook has launched a public dashboard that provides up to the minute data on the Power Usage Effectiveness (PUE) of its first two company-built data centers in Oregon and North Carolina. The social network is also providing data on its use of water, a topic of growing interest in data center design and operations.
Facebook isn’t the first company to make its PUE data public, as Google has been publishing its data center metrics since 2008. But with the new dashboards for its server farms in Prineville, Oregon and Forest City, North Carolina, Facebook is presenting “near real-time” data that includes the temperature and humidity at both sites, which is useful for analyzing the impact of environmental variables on data center efficiency. The dashboard features detailed data on the past 24 hours, as well as separate charts that allow users to review performance data over longer periods, ranging from 7 days to 1 year.
The PUE metric compares a facility’s total power usage to the amount of power used by the IT equipment, revealing how much is lost in distribution and conversion. The Prineville data center has had recent PUE measurements as low as 1.06, while the Forest City facility has recent readings of about 1.10. Once the Facebook data center in Luleå, Sweden comes online, the company will begin publishing data for that site as well.
Facebook is also advancing the use of Water Usage Effectiveness (WUE), a metric that was developed by The Green Grid to measure a facility’s impact on the local water supply. Some approaches to data center cooling use large volumes of water that can impact the local supply of potable water and test the capacity of area sewage systems. Facebook was among the first companies to report WUE.
“We’re proud of our data center efficiency, and we think it’s important to demystify data centers and share more about what our operations really look like,” Facebook’s Lyrica McTiernan wrote on the Open Compute Blog. ”Through the Open Compute Project (OCP), we’ve shared the building and hardware designs for our data centers. These dashboards are the natural next step, since they answer the question, ‘What really happens when those servers are installed and the power’s turned on?’ ”
To encourage other data center operators to follow its lead, Facebook said it would make available the code used to create the dashboards.
“We’re excited about sharing this data, and we encourage others to do the same,” writes McTiernan. “Working together with Area17, the company that designed these visualizations, we’ve decided to open-source the front-end code for these dashboards so that any organization interested in sharing PUE, WUE, temperature, and humidity at its data center sites can use these dashboards to get started. Sometime in the coming weeks we’ll publish the code on the Open Compute Project’s GitHub repository … We encourage you to treat this as a starting point and use these dashboards to make everyone’s ability to share this data even more interesting and robust.”
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Google Finally Announces Google+ Comments For Blogs
As I reported in October in 2011, and others picked up on about five months later, Google would be launching a Google+-based comment platform for blogs.
Today, Google made the announcement, but it’s only for Blogger blogs, at least at this point. The feature can be enabled from the Blogger dashboard.
“Now when you’re browsing your blog’s comment threads, you’ll see activity from direct visitors, and from people talking about your content on Google+,” says Google Principal Engineer Yonatan Zunger . “For example, if there’s a public Google+ discussion about one of your blog entries, those comments and replies will also appear on your Blogger blog. This way you can engage with more of your readers, all in one place.”
“Your blog readers will now have the option to comment publicly, or privately to their circles on Google+,” adds Zunger. “And when they’re browsing blog comments, they can view all of them, just the top ones, or only those from the people in their circles.”

Everyone will, of course, only see the comments they have permission to see.
Facebook has had a similar offering for quite some time, and it’s a bit surprising that it’s taken Google this long to offer something, and still only for Blogger.
You can see the feature in action here.
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These 3D-Printable Lithopanes Are Today’s DIY Coolness

Lithopanes are objects created to let light through to different degrees, allowing you to create a sort of greyscale image that is visible when the plate is placed against a light source. Created by the folks at Makerbot, the lithopanes are completely customizable and you can upload your own images that will then print in about an hour on a standard printer.
You can see the Thingiverse Thing here and use the Customizer, the company’s own interactive API and object modeler, to upload your own photo. They recommend using a light plastic and choosing a square picture. I foolishly heeded neither of those recommendations so I essentially printed a black, opaque ABS coaster when I tried this on my Makerbot. I’m currently printing it out in light green ABS to see what happens.
The Customizer lets you do all sorts of amazing things, including DIY iPhone cases and customizable rings. It’s striking how close to magic a lot of this stuff is these days, especially with with online tools and inexpensive printers. We, in some ways, live in the future.
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Building data startup Enlighted scores $20M, doubles footprint
Enlighted, a startup using sensor and big data software to control lighting and power in large commercial buildings has hit a few milestones this week. The company, which we put on our 12 smart grid startups to watch in 2012, has raised a sizable $20 million round, and has also doubled the size of the building space under management over the last five months, to hit 10 million square feet of commercial real estate.
Enlighted says its customers include Google, LinkedIn, Bank of New York, Turner Broadcasting and the City of San Jose. New investors RockPort Capital and DFJ JAIC joined the round, along with existing investors Kleiner Perkins, Draper Fisher Jurvetson, and Intel Capital.
The startup’s lighting control tech can individually measure and manage lighting at each light fixture and can cut energy consumption from lighting in office and commercial buildings by 50 to 75 percent. The sensors can detect light level, occupancy, temperature and power consumption in the 100 square feet under each light. The company says it’s saved some 15 gigawatts of electricity since it began installations two years ago.
Enlighted’s first customer was green carpet company Interface Global, which used the lighting management system on its 35,000 square foot facility located in Acworth, Ga. Interface says it was able to cut its lighting power by 70 percent, and achieved a return on investment in 18 months.
Big data analytics and sensor tech — IT — is appearing as one of the bright spots in cleantech startups these days. Some investors call this the so-called Clean Web, or using digital tech to manage resources from energy to water to food.

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