Hope is faith holding its hand in the dark
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09122013
“Hope is faith holding its hand in the dark.” George Iles Woman, without her, man is nothing. Issues Kaeseong re-poening Asia Rape report from UN Hiv vaccine breakthrough I phone 5 release Topic for discussion Janine Shepherd TED talk What is your challenge? Future plans handed out Talk more about our challenges Report on North Korean lecture from Andrei Lankov Terms of Address 2013.09.05 The general routine each week will consist of 1. A Word, Quote and Joke of the Day to start things off right. 2. News briefings: Each student will bring in one news item weekly, to be presented (not read word-for -word) along with commentary on issues or language, questions or discussion ideas on items. Students should coordinate together to ensure that there are no duplicated efforts on the same stories. 3. The instructor will also bring in material for a class discussion. Be ready to digest and discuss a controversial topic of international interest and share opinions that may be different from those of other students (and the instructor). 4. Because I am an English teacher (and a word person), I can't stay too far away from the basics. I will continue to bring in items (hopefully) of interest and utility on language matters. Students are also encouraged to bring in any language/presentation/current affairs topics that are interesting and useful. Stay tuned for more. While members of the class may have different levels of speaking/writing proficiency, there is always something more that can be learned. 5. The first major assignment, A "Bull in a China Shop" Experience, will be presented Sept. 26th. Please read the assignment and be thinking about your topic. We will talk about it in class Week 2. I want you to email me a detailed, one-page proposal by Sept. 12th. Thanks! JBH For GSIAS 9-12 Sample discussion topic 9/11/13 BDlive- Print Article www.bdlive.co.za/life/gadgets/2013/09/11/technology-the-galaxy-gear-heralds-the-hour-of-the-smartwatch?service=print 1/2 Print this page TECHNOLOGY: The Galaxy Gearheralds the hour of the smartwatch Sep 11, 2013 | Paul Taylor Samsung has pipped Apple in launching its version of the smartwatch, to be used in conjunction with the a smartphone or tablet, writes Paul Taylor SMARTPHONE makers and consumer electronics companies are betting that the next hot category in the emergingwearable tech market will be smartwatches. Now Samsung has pipped Apple in launching its version, the Galaxy Gear, to be used in conjunction with asmartphone or tablet. Samsung Galaxy Gear — four stars This week I got my hands on — and my wrist inside — the Samsung Galaxy Gear, one of the first of an expectedstream of smartwatches from smartphone makers such as Apple, Google and LG. Despite some important reservations, I was impressed. Although the Gear is a bit chunky and larger than most men’ssports watches, it is relatively light and has a big rectangular colour touchscreen that is easy to read even in brightsunlight. Unlike some of the early attempts at smartwatches, such as Microsoft’s Spot in 2003, Samsung’s device is not reallydesigned to function as a standalone device. It also differs from wrist-worn fitness aids such as the FitBit, JawboneUp, MototolaMotoActv and TomTom Runner. The Gear, which runs on Google’s Android operating system and comes with its own processor and 4Gb of built-instorage, can do a few things on its own. Like Sony’s SmartWatch 2 and the Pebble, launched after a crowdsourcedfundraising on Kickstarter, the Samsung device is designed to operate with a smartphone or tablet connected via awireless Bluetooth link. Initially, the Gear will work specifically with Samsung’s new Galaxy Note 3 smartphone, which launches this month. Used with the phone, the Gear can function as a wireless remote control for your music, make and receive calls,send and receive texts, and display e-mails and calendar alerts — all without taking the Note 3 out of your pocket orbag. For example, it can function as a wristwatch and a pedometer using its built-in gyroscope and accelerometersensors; as a voice recorder; and as a camera and camcorder using the 2-megapixel camera built into the outwardfacing edge of its flexible rubberised strap (assuming you wear a watch on your left wrist). Most of the time you move between applications by swiping a finger up, down, left or right across the touchscreen,but you can also control the Gear by talking to it using Samsung’s S-Voice assistant. I found this feature, which youcan use to make appointments, dictate messages, search for contacts or call up other apps, worked pretty well, evenin a noisy room. Samsung claims more than 70 apps optimised for the Gear’s 1.63-inch (4.1cm) screen will be available at launch. These will include Evernote and Pinterest, eBay, Glympse, TripIt, RunKeeper and MyFitnessPal to help you stay fit,and Pocket (see below). There will be no direct support for Facebook or Twitter, but you can access feeds from social networks using anincluded social-media app called Banjo. 9/11/13 Samsung's SmartwatchExperimentOffersLittleUpside- Forbes www.forbes.com/sites/greatspeculations/2013/09/10/samsungs-smartwatch-experiment-offers-little-upside/print/ 1/3 INVEST I NG | 9/10/2013 @ 12:54PM | 4,720 views Samsung's Smartwatch Experiment Offers Little Upside Trefis Team, Contributor After dominating the mobilemarket with smartphones andtablets, Samsung Electronics is looking to lead the mobile forayinto wearable devices with itssmartwatch launch last Wednesday. Christened Galaxy Gear, Samsung’s latest mobile addition is designed to workas a smart companion to its market-leading Galaxy smartphones, allowingusers to perform many of the basic functions such as sending messages,receiving calls or clicking photos from their wrist without having to accesstheir smartphones. While there are many smartwatches such as the Pebblecurrently available in the market, Samsung’s entry could popularize thissegment a lot more and open up new opportunities to boost growth. However, priced at an expensive $299, the Galaxy Gear is not built for themass-market and seems to be just an experiment by Samsung to see if it canincrease the appeal of its Galaxy brand in a high-end market that is nearingsaturation. For starters, the Gear will be launched with limited compatibility,working only with the Galaxy Note 3 phablet that was launched alongside thesmartwatch the same day. Older smartphones such as the Galaxy S4 which donot support Android 4.3 currently, will be able to synch with the Gear onlyafter they receive the 4.3 update. It is also not clear if Samsung will make theGear compatible with rival Android smartphones or just look to build its ownhardware ecosystem around the wildly popular Galaxy smartphones. Thestrategy will likely depend on the kind of initial response the smartwatch getsfrom buyers in the coming months. A $6 Billion Market Opportunity Assuming that Samsung restricts the Gear’s compatibility to its ownsmartphones, it would be apt to seize the market opportunity in terms of itssmartphone sales mix. We estimate that Samsung will sell as many as 450million mobile phones in 2013 at an ASP of over $250. If we divide the phonesthat Samsung sells into two categories, the high-end ones with an averageASP of $600 and the low-end ones an with average ASP of $150, we see thatthe sales mix of the former has to be close to 25% for our overall ASPassumption to hold. This means that Samsung will likely sell a total of about110 million high-end smartphones and the rest at the low- and mid-end thisyear. The Galaxy S3 launched last year sold as a many as 50 million units in ayear, and Samsung has set a lofty target of selling more than 100 million unitsof the more recently launched S4. Even if we assume that Samsung doesn’tmeet this target, sales of other high-endsmartphones such as the Galaxy Noteshould help it easily reach our estimate. In order to gauge Samsung’s smartwatch potential, we make the assumptionthat about 20% of Samsung’s high-end customers and almost none of thelow-end ones buy the Galaxy Gear considering the high starting price. Thisbrings the Gear’s market opportunity to only about 20 million unit sales,assuming that Samsung quickly makes the smartwatch compatible with therest of its high-end smartphone portfolio. At $299 apiece, the Galaxy Gearcould net Samsung additional revenues of almost $6 billion annually. Considering that the global watch industry is expected to generate around $60billion in revenues this year, Samsung would capture about 10% of thismarket if the above scenario materializes. Any upside or downside to ourestimates would depend on whether or not Samsung decides to make thesmartwatch compatible with rival Android smartphones to incentivize appdevelopment for smaller screens. Little impact on valuation Going forward, if Samsung is able to lure 30% of its high-end customers intopurchasing its smartwatch, there could be upside of about $2 billion to ourlong-term EBITDA forecast. This translates into a value addition of only about$7 billion, or $50 per share (3.4% of our current price estimate). If therespective percentages were to increase to about 50% for the high-end,Samsung would see additional EBITDA of $3 billion in the long run whichtranslates into a $10 billion opportunity, or value addition of about $70 pershare (5% of our current price estimate). We do not change our EBITDAmargin estimates since our long-term forecasts are already in the 15-20%range, which is very similar to the kind of margins that watchmakers such asMovado and Fossil have. Considering the amount of technology that has goneinto the Gear, it is unlikely to have gross margins higher than the 50-60% watchmakers generally command. While the value-addition due to the smartwatch alone doesn’t seem to bemuch for a $200 billion company, Samsung will intangibly benefit fromhaving a broader hardware ecosystem with multiple mobile product categoriesdoing well in the market. This halo effect could further drive the adoption ofSamsung’s other more valuable mobile devices such as smartphones, andprove to be even more value-accretive to shareholders. Language pipped crowdsourced Kickstarter EBITDA gross margins incentivize high-end customers Evernote Pinterest, eBay, Glympse, TripIt, RunKeeperMyFitnessPal, Pocket Facebook, Twitter,Banjo. ASP Phablet Discussion/Debate? Smartwatches yea or nay? Menu for next class session
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