Acquisition of Luxul Wireless Antenna Lines by Mobile Mark, Inc.

Michael Berry, President & CEO of Mobile Mark, explained “This is part of Mobile Mark’s commitment to providing high quality antennas for commercial wireless applications. The acquisition of Luxul Wireless X-WAV and TMA antennas will immediately expand the range of antenna solutions we can offer our customers and will position us to develop additional innovative antenna solutions.

Michael Berry, President & CEO of Mobile Mark, explained “This is part of Mobile Mark’s commitment to providing high quality antennas for commercial wireless applications. The acquisition of Luxul Wireless X-WAV and TMA antennas will immediately expand the range of antenna solutions we can offer our customers and will position us to develop additional innovative antenna solutions.”

The move is part of a natural evolution for both companies. Luxul General Manager & VP, Jeffrey Curtis, explained “Luxul Wireless has established a significant and growing presence in the CEDIA (professional installer) industry with our line of networking products. This move will allow us to continue to focus on our core business while transitioning customers that need antennas to a great supplier.”

Curtis added that he is pleased with the move, “We have taken great pride in our unique antenna lines and we are delighted to find a good home for our products with Mobile Mark. We know that they will maintain the high production standards our customers value.”

The acquisition takes effect in early April 2017. Contact Mobile Mark directly for details on product availability.

About Mobile Mark
Mobile Mark, Inc. designs and manufactures site, mobile and device antennas for 600 MHz – 9 GHz. Applications include GPS Tracking & Fleet Management, Cellular 3G & 4G LTE, WiFi, RFID, Public Safety, Military and Machine-to-Machine (M2M). Engineering and custom design services available. Mobile Mark’s global headquarters, which include research facilities and manufacturing plant, are located near Chicago, IL. An additional manufacturing and sales facility is located near Birmingham, UK. For further information visit our website: www.mobilemark.com.

About Luxul
Luxul Wireless is a leading innovator of high performance IP networking solutions designed specifically for custom integrators of home control, AV, and IP-based security solutions. With extensive worldwide deployments in both residential and commercial environments, the Luxul networking family incorporates a full line of router, switch and wireless solutions that simplify design and deployment, while delivering a reliable and scalable network that is powerful, yet easy to install and manage. Luxul has been part of Legrand, North America since Legrand acquired the company in 2016.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/acquisition-of-luxul-wireless-antenna-lines-by-mobile-mark-inc-300432141.html

SOURCE Mobile Mark, Inc.

Virgin Australia Selects Gogo For In-Flight Connectivity

“We are confident that by working with Gogo and Optus Satellite and using their proven technology we can deliver the best possible and most reliable connectivity and entertainment experience in the air,” said John Thomas, Group Executive Virgin Australia Airlines.

“We are confident that by working with Gogo and Optus Satellite and using their proven technology we can deliver the best possible and most reliable connectivity and entertainment experience in the air,” said John Thomas, Group Executive Virgin Australia Airlines. “Virgin Australia guests will soon be able to stay connected with their family, friends and colleagues on board, while inflight wi-fi also presents exciting opportunities for our team to deliver even more of the great customer service for which they are famous.”

“We are delighted to bring Gogo’s industry leading 2Ku technology to an iconic brand like Virgin Australia,” said Michael Small, Gogo’s president and CEO. “2Ku delivers a ground-like performance to passengers on aircraft flying around the world, including the ability to stream video. Importantly, 2Ku is built on an open architecture and can leverage new technology advancements, which means the technology can provide passengers with a superior connectivity experience now and in the future.”

Gogo now has more than 1500 aircraft awarded to its 2Ku technology by 13 airlines including many of the largest airlines in the world.

About Gogo

With more than two decades of experience, Gogo is the leader in in-flight connectivity and wireless entertainment services for commercial and business fleets around the world. Gogo connects aircraft, providing its airlines partners with the world’s most powerful network and platform to help optimize their operations. Gogo’s superior technologies, best-in-class service, and global reach help planes fly smarter, airlines partners perform better, and their passengers travel happier.

Today, Gogo has partnerships with 17 commercial airlines and has installed in-flight connectivity technology on 3,000 commercial aircraft. More than 4,200 business aircraft are also flying with its solutions, including the world’s largest fractional ownership fleets. Gogo also is a factory option at every major business aircraft manufacturer. Gogo has more than 1,000 employees and is headquartered in Chicago, IL, with additional facilities in Broomfield, CO, and various locations overseas. Connect with us at gogoair.com and business.gogoair.com

Cautionary Note Regarding Forward-Looking Statements

Certain disclosures in this press release include “forward-looking statements” that are based on management’s beliefs and assumptions and on information currently available to management. Most forward-looking statements contain words that identify them as forward-looking, such as “anticipates,” “believes,” “continues,” “could,” “seeks,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “will,” “would” or similar expressions and the negatives of those terms that relate to future events. Forward-looking statements involve known and unknown risks, trends and uncertainties, many of which may be beyond our control, that may cause Gogo’s actual results, performance or achievements to be materially different from any projected results, performance or achievements expressed or implied by the forward-looking statements. Such risks, trends and uncertainties include those described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on February 24, 2017. Forward-looking statements represent the beliefs and assumptions of Gogo only as of the date of this press release and Gogo undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events or otherwise.

Media Relations Contact:

Investor Relations Contact:

Meredith Payette

Varvara Alva

+1 312 517 6216

+1 312 517 6460

pr@gogoair.com

ir@gogoair.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/virgin-australia-selects-gogo-for-in-flight-connectivity-300431697.html

SOURCE Gogo

Related Links

http://www.gogoair.com

Ed Meyercord’s plan for Extreme Networks proves to be ‘better than most’

Any fan of the PGA Tour will never forget the “better than most” call by NBC’s Gary Koch. On March 24, 2001, Tiger Woods stepped up to execute one of the most difficult putts of his career.

Any fan of the PGA Tour will never forget the “better than most” call by NBC’s Gary Koch. On March 24, 2001, Tiger Woods stepped up to execute one of the most difficult putts of his career. Halfway to the hole, Koch uttered the words “better than most” as it looked like his putt was going to be a good one. It wound up going in, and that become yet another notable moment in Tiger’s illustrious career where great execution was becoming the norm.

In the highly tumultuous networking market, Extreme Networks’ CEO, Ed Meyercord, continues to make moves that are “better than most,” putting his company in a position to be a long-term share gainer in a market that badly needs more strong vendors.

In late 2016, Extreme acquired Zebra Technologies’ WLAN business for $55 million, giving it instant credibility in some of Zebra’s larger accounts, such as FedEx. Earlier this year Extreme made a move to purchase Avaya’s Networking business by becoming the stalking horse bidder in the business unit that was put up for sale in Avaya’s bankruptcy process.

Yesterday, Extreme executed another deal that should be considered better than most when it announced it had entered into an agreement to purchase Brocade’s data center switching, routing and analytics business from Broadcom, following Broadcom’s acquisition of Brocade. Under the terms of the agreement, Brocade will sell those assets to Extreme for $55 million, which consist of $35 million at closing and $20 million to be paid in deferred payments, as well as the additional profit sharing to be paid over a five-year term.

What Extreme Networks will get from Brocade

Extreme will acquire the following products as part of the deal:

The hardware portfolio of products includes Brocade’s VDX, MLS and new SLX hardware platforms. All are great products, but the new SLX family has embedded visibility and DevOps like automation making it one of the most agile networking products available today.

In addition to the hardware, Extreme will get the following:

Flow OptimizerWorkflow Composer and automation suites from the StackStorm acquisitonAutomation suitesNetwork VisibilityNetwork AnalyticsVisibility ManagerPacket BrokerVirtual Packet BrokerNVA Virtual TAP (vTAP)

In Michael Cooney’s story about Extreme’s purchase of Brocade’s data center networking business, he indicated that Extreme was receiving all software. But from what I understand, the following assets will not be moving over to Extreme:

Brocade’s SDN ControllerNetwork Functions Virtualization (NFV) software and manager (Vyatta)Virtual Application Delivery Controller (ADC)

The price Extreme is paying is a tremendous deal for a business unit that Extreme is expecting to do $230 million in revenue and now puts the company well over a billion dollars making it the largest pure-play networking vendor and the #3 vendor by share to HPE and, of course, Cisco.

Why the deal with Brocade/Broadcom is notable

This deal will be significant to Extreme in a number of ways. First, the Brocade data center business has very little overlap with existing business. Extreme and Avaya Networking sell data center equipment to many enterprises, but not many would be considered the type of organization whose business is the data center. Brocade has many customers where data center performance means everything. These are large universities with networks that power R&D, media companies that are sending massive amount of video over the network, and government institutions. These are all very sophisticated customers with demanding requirements, and they chose Brocade for the quality and performance of products.

Extreme’s customers and resellers should benefit from the strength of the portfolio, as well as the software capabilities. Workflow Composer is an outstanding platform that can automate many of the repetitive tasks in a data center, eliminating the possibility of human error and speeding up provisioning by orders of magnitude.

What’s interesting to note about Zebra, Avaya Networking and Brocade data center is that each of those vendors has core businesses that are not networking but had allocated a significant amount of R&D into building their latest products. The technology from the purchased companies is as good or better than anyone’s, but since networking wasn’t the core of the business, the new products were slow to ramp. So, now Extreme is benefitting from the R&D these companies did with new products that can be used to win customers that they may not have been able to with the existing product line.

Broadcom benefits, too

For Broadcom, one might look at the purchase price and scratch their heads considering the Wi-Fi and access business is being sold for $800 million to Arris. On the surface, it appears that Extreme is the big winner in this, but in actuality Broadcom benefits, too. Broadcom chips are used in almost every network vendor’s products, and it benefits the company to have larger network vendors that can push one another into adopting the new silicon faster to keep up with the competition. A few larger vendors with more resources are better than a bunch of small ones that can’t absorb new technology too fast.

Customers of Brocade, Avaya and Extreme should not be concerned, as Extreme isn’t planning any major disruption to products any time soon. Meyercord has repeatedly told me they will do what is best for the customer, and they are committed to that statement for the long haul.

I suspect that Extreme isn’t finished with its M&A activities yet, and I expect that whatever they choose to do next, we will likely consider to be another move that was “better than most,” as great execution is becoming the norm.

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Bose SoundTouch 300 review – CNET

Sound bars are more popular than ever, but high-end versions have an issue: their small size means they struggle to compete with traditional, larger loudspeakers. Companies such as Yamaha, Sony, Sonos and Bose, however, have learned how to use your room’s boundaries as their own personal playgrounds.

Sound bars are more popular than ever, but high-end versions have an issue: their small size means they struggle to compete with traditional, larger loudspeakers. Companies such as Yamaha, Sony, Sonos and Bose, however, have learned how to use your room’s boundaries as their own personal playgrounds.

With its “larger than life” sound, the Bose SoundTouch 300 isn’t a traditional hi-fi component, but given the right room conditions the sound it’s capable of is gorgeously enveloping. It has one of the widest sound stages we’ve ever heard and yet is still capable of reproducing the finest of details. Compared to its closest competition, the Sonos Playbar, the Bose pulls ahead in terms of both sound stage and “you are there” detail.

If you have no intention of buying a subwoofer, though, don’t buy this sound bar. Like the Playbar, the SoundTouch is essentially is a full system that comes in “two easy payments of $699.” It may sound fine on its own, but you’ll miss the deep hurty notes that the optional Acoustimass 300 sub can bring — for an extra $699.

At this price level there are plenty of options, including the excellent Sony HT-NT5, which comes with a sub. But if you really want a speaker that performs well without a subwoofer then you could save yourself a few hundred bucks and get the Zvox SB500 instead.

The Bose SoundTouch 300 costs $699 in the US, £599 in the UK or AU$999 in Australia.

Design

The SoundTouch 300 is the prettiest sound bar we’ve seen in the CNET labs since the Definitive Technology W Studio. It boasts a tempered glass top and an understated mesh front with input LEDs in the top left corner. The bar is designed to be used on a tabletop or mounted on a wall and measures 38.5 inches wide by 2.25 inches high and 4.25 inches deep (97.8 by 5.7 by 10.8 cm). One potential source of frustration is that the SoundTouch lacks any controls on the unit — neither power nor volume controls. The Sonos Playbar puts buttons these on the side.

The remote that ships with the SoundTouch 300 is large and comprehensive, and somehow avoids “scientific calculator” syndrome. Just be aware that some functions require the remote to work — including adding a subwoofer. If you lose your remote with this Bose you’re just going to have buy a new one. For a connected device this inability to use the app instead of the remote puts it behind almost every competitive product.

Features

The SoundTouch 300 is a 3.0-channel sound bar which offers “larger than life” sound thanks to its widening PhaseGuide technology. It comes with an onboard “QuietPort” that promises better-than-normal bass despite the lack of a separate subwoofer.

The sound bar includes Bose’s SoundTouch Wi-Fi music system, which lets you stream Spotify, Pandora and other services without a loss in quality. SoundTouch is Bose’s take on multiroom sound and is compatible with its standalone SoundTouch 10-and-up speakers. If you want to go the Bluetooth route, the sound bar has that too.

The SoundTouch 300 comes with HDMI in and an ARC-enabled output which offer 4K pass-through, in addition to both Dolby Digital and DTS decoding. Other connectivity includes optical digital and a 3.5mm subwoofer out. Sadly there’s no room for either a 3.5mm input or a headphone connection.

Should you want an external sub Bose also manufactures the matching Acoustimass 300 ($699/£599/AU$999) which includes wireless pairing and a compact 12-inch square footprint.

Like its competition, Bose also lets you add wireless surrounds for $299, £299 or AU$429 per pair. Bose calls them Virtually Invisible 300 speakers and they are quite small — about 2 inches square. They come with a power brick/amp that connects without wires to the soundbar. You’ll need to run wires (included) between the brick and the speakers at the back of the room.

2018 Mercedes-AMG GT Roadster Release Date, Price and Specs – Roadshow

Arizona State Route 89A lies roughly 100 miles north of Phoenix, and as this twisting bit of roadway stretches out ahead of me, it promises exactly the sort of breathtaking mountain and valleys views that I need after a long Michigan winter.

Arizona State Route 89A lies roughly 100 miles north of Phoenix, and as this twisting bit of roadway stretches out ahead of me, it promises exactly the sort of breathtaking mountain and valleys views that I need after a long Michigan winter. Pausing at one of the pull-offs for photos wouldn’t be a bad idea, but today, the Copper State’s natural scenery will play second fiddle to the 2018 Mercedes-AMG GT C Roadster that I’ve come here to cane around.

Open-top versions of the Mercedes-AMG GT sport car family are the latest members to join the fold, following the company’s track-focused GT R. If there was any worry that the roadster was going to give up anything in the performance department compared to its coupe brethren, those thoughts are quickly squashed on Route 89A.

With its soft top down, the GT C Roadster confidently hunkers down through corners, handles quick side-to-side transitions without noticeable body roll and doesn’t exhibit any signs of understeer — even through the really tight stuff. Benz’s latest convertible does everything I ask it to, and it’s undeniably engaging behind the wheel thanks in part to steering that’s responsive, weighty and communicative.

This roadster’s agility can be traced back to its chassis, which is treated to thicker side-skirt walls, additional dashboard- and windshield-frame reinforcements, plus a rear strut tower brace. A crossmember behind the seats to support the roll hoops is also added to help stiffen things and make up for the missing fixed roof.

To raise handling capabilities even further, the GT C poaches hardware from the GT R’s parts bin, including its active rear-wheel steering system, electronic limit-slip differential and adaptive damping suspension. Compared to the base GT, there’s also rear bodywork that’s 2.2 inches wider to accommodate a longer track and larger 20-inch rear wheels.

Things have changed under the hood compared to the standard car, too, with its 4.0-liter twin-turbocharged V8 receiving a different set of pistons, fuel pump, unique exhaust port machining and turbos pushing 18 pounds of boost instead of 16. This results in 550 horsepower and 502 pound-feet of torque, with the latter available from 1,900 to 5,750 rpm, making for a nice, wide torque band.

With all that power, Mercedes-AMG says my test car hits 60 mph in a very believable 3.7 seconds, and it’ll charge on to a top speed of 196 mph.

The GT C’s V8 enjoys zero turbo lag, with great slugs of power available everywhere throughout the rev range. Hustling out of corners and surpassing posted speed limits on the straights is accomplished alarmingly quickly, and through the standard AMG performance exhaust, this powerplant sounds muscle-car good at wide-open throttle.

Partnering with the blown V8 is a seven-speed dual-clutch gearbox with roadster-specific calibration and ratios. The Getrag-built transmission is fantastic in manual mode, promising near-instant upshifts and impeccable rev-matching for downshifts.

The 2018 Mercedes-AMG GT C Roadster…See full gallery
























































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Bleeding off speed on my GT C Roadster tester are optional carbon ceramic discs, and the touchy brake pedal that calls upon them requires a brief period of acclimation. Once coming to terms with the aggressive bite, these brakes become my best friends, letting me confidently dive deep into corners at will.

Mountain driving sees me switching between Sport Plus and Race settings on the AMG Drive Select system for optimal steering, damping, engine mapping and transmission shifting for spirited driving, but when going through city traffic and straight expressways, I call up Comfort mode. Steering loosens slightly, transmission shifts aren’t quite as instant and more give is provided by the suspension. The GT C Roadster still feels stiff, but there’s enough damping for relaxed Sunday drives and weekend road trips, at least out here on the region’s smooth, sun-baked roads.

The majority of my day is spent with the top down, and for the record, Arizona can still be rather brisk in the morning. Thankfully, my car has heated seats and standard Airscarf neck heating vent to help take the edge off. Overall, the Nappa leather-lined interior of the GT C Roadster is an enjoyable place to be with supportive seats, a comfortable driving position and minimal wind buffeting in the open cabin — even at very high speeds.

To handle infotainment functions, Benz’s COMAND system remains, with its central dial controlling navigation and the Burmester audio. On both the GT and GT C Roadster, a more powerful Burmester high-end surround sound system will be available as an option. If you don’t fancy COMAND, you’ll have to learn to tolerate it for now, because the AMG GT Roadsters are not yet capable of running Apple CarPlay or Android Auto.

In addition to standard tech like a rearview camera, parking sensors and Collision Prevention Assist Plus to help avoid front end accidents, an AMG Track Pace feature is included on GT Roadsters. With an Apple iPhone app connected to the car’s COMAND infotainment system via Wi-Fi, owners can record track lap video and car data points including speed, gear, steering angle, time and position to share with friends and other AMG drivers on Facebook and YouTube.

At the end of the day, I finally put the GT C’s top up while sitting a stoplight. At the push of button, the three-layer soft top is up in 11 seconds. With the cabin enclosed, it’s credibly quiet, with only a little tire noise seeping in from the wide, grippy Continental SportContact 6 rubber.

Both this GT C Roadster and the standard 469-horsepower GT Roadster go on sale this fall. Pricing isn’t available yet, but expect the GT Roadster to be a bit more expensive than the $111,000 AMG GT coupe, and the GT C to carry a commensurate price tag above the $131,200 GT S.

After spending 300 miles and the better part of a day in the GT C Roadster, it seems to me that Mercedes-AMG has put itself in prime position to give topless Porsche 911 variants a run for their money. Right now, I don’t think there’s a 911 Cabriolet on sale that I’d rather have had at my disposal when heading back out onto State Route 89A.

The GT C really is that good.

WatchGuard Launches New Quarterly Internet Security Report

With cyber attacks like the Mirai Botnet, the SWIFT banking attacks, and alleged Russian interference in the presidential election, cyber criminals were busy in 2016, and Q4 was no exception.

With cyber attacks like the Mirai Botnet, the SWIFT banking attacks, and alleged Russian interference in the presidential election, cyber criminals were busy in 2016, and Q4 was no exception. Ransomware attempts through phishing emails and malicious websites dominated the headlines, banks and healthcare organizations were targeted by increasingly devastating attacks, and nation-states continued to target one another with sophisticated cyber attacks.

The insight trends, research and security tips discussed in WatchGuard’s quarterly Internet Security Report are designed to help companies stay educated and vigilant in such a dynamic threat landscape. Here are the top five key findings from the report:

Approximately 30 percent of malware was classified as new or “zero day” because it was not caught by a legacy antivirus (AV) solution. This confirms that cyber criminals’ capability to automatically repack or morph their malware has outpaced the AV industry’s ability to keep up with new signatures. Without an advanced threat prevention solution, which identifies malware proactively using modern detection techniques, companies would miss almost 1/3 of malware. Old threats become new again. First, macro-based malware is still very prevalent. Despite being an old trick, many spear-phishing attempts still include documents with malicious macros, and attackers have adapted their tricks to include Microsoft’s new document format. Second, attackers still use malicious web shells to hijack web servers. PHP shells are alive and well, as nation-state attackers have been evolving this old attack technique with new obfuscation methods. JavaScript is a popular malware delivery and obfuscation mechanism. The Firebox Feed saw a rise in malicious JavaScript, both in email and over the web. Most network attacks target web services and browsers. 73 percent of the top attacks target web browsers in drive-by download attacks. The top network attack, Wscript.shell Remote Code Execution, almost entirely affected Germany alone. Breaking it down country by country, that attack targeted Germany 99 percent of the time.

WatchGuard’s Internet Security Report is based on anonymized data from more than 24,000 active WatchGuard UTM appliances worldwide. These appliances blocked more than 18.7 million malware variants in Q4, which averages to 758 variants per participating device. They also blocked more than 3 million network attacks in Q4, which averages to 123 attacks per participating device. The report includes a detailed breakdown of the quarter’s top malware and attack trends, the top security incidents, and web and email attack trends. In response to the rapid spread of the Mirai botnet, the WatchGuard Threat Lab has also launched an ongoing research project that analyzes IoT devices for security flaws. The research highlighted in this report evaluated Wi-Fi cameras, fitness accessories and network-enabled novelty devices. This includes a deeper look at vulnerabilities the Threat Lab found in a relatively popular wireless IP camera and steps consumers should take to secure IoT devices they purchase.

For more information, download the full report here: www.watchguard.com/security-report

About WatchGuard Technologies, Inc.
WatchGuard® Technologies, Inc. is a global leader in network security, providing best-in-class Unified Threat Management, Next Generation Firewall, secure Wi-Fi, and network intelligence products and services to more than 75,000 customers worldwide. The company’s mission is to make enterprise-grade security accessible to companies of all types and sizes through simplicity, making WatchGuard an ideal solution for Distributed Enterprises and SMBs. WatchGuard is headquartered in Seattle, Washington, with offices throughout North America, Europe, Asia Pacific, and Latin America. To learn more, visit WatchGuard.com.

For additional information, promotions and updates, follow WatchGuard on Twitter, @WatchGuard on Facebook, or on the LinkedIn Company page. Also, visit our InfoSec blog, Secplicity, for real-time information about the latest threats and how to cope with them at www.secplicity.org.

Media Contacts:

Chris Warfield
WatchGuard Technologies
206.876.8380
chris.warfield@watchguard.com

Anthony Cogswell
Voxus PR
253.444.5980
acogswell@voxuspr.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/watchguard-launches-new-quarterly-internet-security-report-300431557.html

SOURCE WatchGuard Technologies, Inc.

Related Links

http://www.watchguard.com

BloomSky Sky2 Weather Camera Station review – CNET

The $300 BloomSky Sky2 Weather Camera has a list of features that will impress even die-hard weather geeks. It offers the usual array of climate sensors found on weather systems popular among amateur meteorologists and science educators.

The $300 BloomSky Sky2 Weather Camera has a list of features that will impress even die-hard weather geeks. It offers the usual array of climate sensors found on weather systems popular among amateur meteorologists and science educators. It can detect temperature, wind speed, rain and air pressure, plus it draws its electrical power from the sun. What makes the BloomSky Sky2 truly unique are its HD camera, its Wi-Fi and Bluetooth radios, its companion mobile app and the way it ties in with other smart home gadgets and services.

The Sky2 is expensive even if it’s priced competitively against traditional options from weather station specialists Davis and Acurite. Buying a kit like this only really makes sense if it’s in your job description or you have a serious weather fetish and money to burn. Ordinary people with merely a casual interest in local atmospheric conditions are better off consulting a mobile app or choosing a less expensive device such as the $179 Netatmo Weather Station. It doesn’t have a camera or solar power, but the Netatmo is a snap to deploy, and monitors your home environment too.

Meet the BloomSky, your personal eye for…See full gallery











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Design and features

With a roundish body, the BloomSky Sky2 reminds me of giant eyeball that’s bristling with sensors. About the size of your average grapefruit, this model replaces Bloom’s older BloomSky Plus device but is physically identical on the outside. Just like the first Sky, the Sky2’s most noticeable feature is a large camera on its face. The camera has a fisheye lense that lets it see a wide 170-degree field of vision. You can pivot the camera, which sits on a curved hinge, to point straight upward or angle it down about 30 degrees.

Next to the Sky2’s camera are instruments that sample relative humidity, ambient light, air pressure and temperature. Below the camera is the weather station’s moisture detector. A field of copper circles of various sizes, the sensor detects the occurrence of rain but can’t measure the amount of rainfall.

For that you’ll have to spend an additional $140 for BloomSky’s Storm accessory, which features a tipping-cup rain collector. The Storm has hardware to measure both wind speed and wind direction, to,o plus UV light levels, which the Sky and Sky2 units can’t track.

The competing $180 Netatmo Weather Station can’t detect UV light but it does support these features, though they’re not bundled in the base kit. In fact in the case of Netatmo you’ll have purchase separate ($80) Wind Gauge and ($100) Rain Gauge add-ons. Netatmo sells the mounting kit separately too for $25. Not so with the Sky2, which comes with its mounting equipment included. To sum up, that’s $440 for the Sky2 and the Storm, and $385 for the complete set of Netatmo gear.

Both the BloomSky Sky2 and Storm sit atop custom plastic poles that double as stakes. You can either drive them into the ground or place the units inside steel mounting brackets that you fix to an outdoor surface. In my case mounting the Sky2 wasn’t too difficult since BloomSky supplies the mounting bracket and screws. The Sky2’s solar panel easily and securely attaches to this bracket as well.

Unfortunately BloomSky doesn’t provide the same sort of hardware with the Storm kit — it costs $40 extra. That forced me to improvise with what I had on hand: a metal flowerbed, a deck guardrail, plastic twist ties and the two flexible “U-Bolts” in the Sky2 box.

By comparison the compact, wireless Netatmo Weather Station is a breeze to set up.

Additionally Netatmo’s kit includes an indoor module built to log characteristics of the environment within the home. BloomSky initially bundled a similar gadget but has since killed the product.

Extreme swallows Brocade’s data center networking business for $55M

Extreme Networks continued to amass a nice nest of data center technology saying today it would buy Brocade’s data center networking business will be sold to Extreme for $55 million in cash from its current owner Broadcom.

Extreme Networks continued to amass a nice nest of data center technology saying today it would buy Brocade’s data center networking business will be sold to Extreme for $55 million in cash from its current owner Broadcom.

Broadcom bought Brocade last year for about $5.5 billion but has since sold off Brocade’s Ruckus Wireless Wi-Fi business for $800 million to Arris International and now the data center networking business to Extreme.

+More on Network World: When the Internet Engineering Task Force meets this week in Chicago it will have a new chair – Cisco Fellow Alissa Cooper +

Extreme said it expects the deal to push it revenues to over $1 billion for its Fiscal 2018 year which begins July 1. Specifically, it expects the Brocade deal, pending approval, to bring generate more than $230M in revenue. Extreme recently agreed to be a bidder for Avaya’s networking business which it expects will bring it $200M in revenues should Extreme win the bid. Some of Avaya’s technology strengths included its networking fabric and Network Micro-Segmentation technology that helps customers secure enterprise components.

The deals will make Extreme the fastest growing networking business in the world, said Ed Meyercord, President and CEO of Extreme Networks. The company’s moves in the past year give it a complete data center, core, campus and edge networking portfolio, Meyercord said.

Specifically from Brocade, Extreme will get that company’s VDX, MLX and SLX switches and all software such as its Virtual Application Delivery Controller, Virtual Router and SDN Controller packages.

The buy would give Extreme a potent high-end data center offering, according to Norman Rice, an executive vice president with Extreme.

More on Network World: IBM on the state of network security: Abysmal+

“Our portfolio now targets the data center in ways we couldn’t before. And we will retain the Brocade sales team and support to continue growing this business,” Rice stated. Extreme did not disclose how many Brocade employees would be coming along with the buy.

This announcement is the latest in a series of acquisitions the company has made over the last six months to grow the vendor’s data center, core, campus and edge networking family.

In October 2016, the company closed its acquisition of the wireless LAN business from Zebra Technology Corporation, which is expected to generate over $115 million in annualized revenue. Earlier in March, the company announced that it entered into an agreement with Avaya Inc. to be the stalking horse bidder to acquire its networking business in an auction process. The transaction remains subject to customary closing conditions and regulatory approvals and is currently anticipated to close within 2 to 3 months.

Extreme said that he closing of the transaction is contingent on Broadcom closing its acquisition of Brocade, announced on November 2, 2016 and approved by Brocade shareholders on January 26, 2017. Broadcom expects to close the Brocade acquisition in its third fiscal quarter ending July 30, 2017.

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Samsung’s newest Wi-Fi hub comes with smart home brains

Although it’s been a big day for Samsung rolling out two new smartphones, an accompanying desktop dock, its own version of Amazon Alexa, a new 360-degree camera and a smart connected home app, the Korean electronics firm had room for one more thing with a new Wi-Fi mesh system.

Although it’s been a big day for Samsung rolling out two new smartphones, an accompanying desktop dock, its own version of Amazon Alexa, a new 360-degree camera and a smart connected home app, the Korean electronics firm had room for one more thing with a new Wi-Fi mesh system.

Concisely named the Connect Home Smart Wi-Fi System, it aims to take on Google WiFi, Orbi, Amplifi, and a growing family of other Wi-Fi mesh systems. One key feature Samsung’s solution has over other rivals is an integrated SmartThings hub that you can use to control your Internet-connected gadgets.

Samsung claims the Connect Home Smart will work with hundreds of third-party smart home devices through a Wi-Fi or Bluetooth 4.1 signal. The Philips Hue and Ring doorbell were name-dropped as compatible appliances. It’s also compatible with Z-Wave’s and Zigbee’s security devices as well.

On the Internet-connectivity side of things, the Connect Home Smart isn’t designed to cast a Wi-Fi net over your entire house from a single router. Rather, it uses multiple, smaller modules to create a home network. Each individual unit covers a 1,500 square-foot area.

The Connect Home Smart will come in two variants. The regular version will feature a 710MHz quad-core processor and dual-band 802.11ac radio that operates at AC1300 (866Mbps) speeds. Meanwhile, the Pro is a step quicker in all regards with a 1.7GHz dual-core chip and AC2600 (1.7Gbps) radio.

Despite these differences, both the Connect Home Smart and its Pro variant are equipped with 512GB of RAM and 4GB of storage.

Unfortunately, Samsung has yet to announce pricing or availability, but we’ll update this post with the information as soon as it’s available.

Here’s everything you need to know about Samsung’s newest flagship smartphone

EXFO Reports Second-Quarter Results for Fiscal 2017

Sales reached US$60.0 million in the second quarter of fiscal 2017 compared to US$53.6 million in the second quarter of 2016 and US$61.8 million in the first quarter of 2017.

Sales reached US$60.0 million in the second quarter of fiscal 2017 compared to US$53.6 million in the second quarter of 2016 and US$61.8 million in the first quarter of 2017. At the halfway mark of fiscal 2017, sales increased 11.9% year-over-year to US$121.8 million.

Bookings attained US$55.9 million in the second quarter of fiscal 2017 compared to US$59.7 million in the same period last year and US$65.9 million in the first quarter of 2017. The company’s book-to-bill ratio was 0.93 in the second quarter of 2017 and 1.00 at the half-way point of 2017, leading to year-over-year bookings growth of 3.0% after two quarters.

Gross margin before depreciation and amortization* amounted to 61.7% of sales in the second quarter of fiscal 2017 compared to 64.7% in the second quarter of 2016 and 63.1% in the first quarter of 2017. After six months into fiscal 2017, gross margin accounted for 62.4% of sales.

IFRS net earnings in the second quarter of fiscal 2017 totaled US$1.0 million, or US$0.02 per diluted share, compared US$4.0 million, or US$0.07 per diluted share, in the same period last year and US$3.3 million, or US$0.06 per diluted share, in the first quarter of 2017. IFRS net earnings in the second quarter of 2017 included US$0.6 million in after-tax amortization of intangible assets, US$0.4 million in stock-based compensation costs and a foreign exchange loss of US$0.3 million. IFRS net earnings totaled US$4.3 million in the first half of fiscal 2017 compared to US$5.7 million in the first half of 2016. IFRS net earnings in the first half of 2017 included a foreign exchange gain of US$0.2 million compared to a foreign exchange gain of US$1.4 million in the first half of 2016.

Adjusted EBITDA* totaled US$4.9 million, or 8.1% of sales, in the second quarter of fiscal 2017 compared to US$5.3 million, or 9.9% of sales, in the second quarter of 2016 and US$6.3 million, or 10.2% of sales, in the first quarter of 2017. At the halfway point of fiscal 2017, adjusted EBITDA totaled US$11.2 million, or 9.2% of sales, compared to US$10.6 million, or 9.7% of sales, in the first half of 2016.

EXFO generated US$14.4 million in cash flows from operating activities in the second quarter of fiscal 2017 and closed the quarter with a cash position of US$52.4 million and no debt.

Following the quarter-end, EXFO acquired Ontology Systems, a technology leader in real-time network topology discovery and service-chain mapping, for a consideration of US$7.6 million, net of cash, plus an earnout based on future sales.

“I am particularly pleased we delivered double-digit, year-over-year revenue growth for a third consecutive quarter, even though bookings were softer than anticipated due to delays in new calendar year budget approvals and deal pushouts,” said Germain Lamonde, EXFO’s Founder, Chairman and CEO. “We delivered strong sales growth in the optical and 100 Gbit/s transport markets, both in the field and lab, and continued strengthening our leadership position with major product launches in the 200 Gbit/s and 400 Gbit/s test segments at the recent Optical Fiber Conference. Earlier at Mobile World Congress, we announced the acquisition of Ontology Systems’ automated network topology discovery technology and the introduction of accurate, one-way latency monitoring capabilities. Once combined with our 3D analytics platform, these technologies will significantly enhance our real-time monitoring of VoWiFi, OTT video and VoIP services over hybrid physical-virtual networks and strengthen our positioning in the strategic NFV/SDN, 5G and IoT markets.”

Selected Financial Information

(In thousands of US dollars)

Q2 2017

Q1 2017

Q2 2016

Physical-layer sales

$

38,038

$

42,016

$

32,582

Protocol-layer sales

22,097

20,009

21,990

Foreign exchange losses on forward exchange contracts

(105)

(240)

(975)

Total sales

$

60,030

$

61,785

$

53,597

Physical-layer bookings

$

34,031

$

44,090

$

34,874

Protocol-layer bookings

21,992

22,009

25,804

Foreign exchange losses on forward exchange contracts

(105)

(240)

(975)

Total bookings

$

55,918

$

65,859

$

59,703

Book-to-bill ratio (bookings/sales)

0.93

1.07

1.11

Gross margin before depreciation and amortization*

$

37,041

$

38,972

$

34,693

61.7%

63.1%

64.7%

Other selected information:

IFRS net earnings

$

1,008

$

3,303

$

3,963

Amortization of intangible assets

$

768

$

427

$

286

Stock-based compensation costs

$

353

$

258

$

314

Net income tax effect of the above items

$

(162)

$

(64)

$

(30)

Foreign exchange (gain) loss

$

272

$

(512)

$

(1,101)

Adjusted EBITDA*

$

4,875

$

6,321

$

5,280

Operating Expenses
Selling and administrative expenses totaled US$21.3 million, or 35.4% of sales in the second quarter of fiscal 2017 compared to US$19.6 million, or 36.5% of sales, in the same period last year and US$21.6 million, or 35.0% of sales, in the first quarter of 2017.

Net R&D expenses totaled US$11.3 million, or 18.8% of sales, in the second quarter of fiscal 2017 compared to US$10.2 million, or 19.0% of sales, in the second quarter of 2016 and US$11.3 million, or 18.3% of sales, in the first quarter of 2017.

Second-Quarter and First-Half Highlights

Sales and bookings. EXFO experienced strong demand for its optical and high-speed transport test solutions, mainly in the Americas, and continued traction of its LTB-8 rackmount platform for lab and manufacturing floor applications in the second quarter of 2017. Bookings decreased 6.3% year-over-year in the second quarter primarily because the company had secured two large monitoring and analytics orders in the second quarter of 2016, but witnessed delays in network operator budget releases and deal approvals in the most recent quarter. In the first half of 2017, bookings improved 3.0% year-over-year. In terms of segmented sales, Physical-layer sales surged 16.7% year-over-year in the second quarter of 2017, while Protocol-layer sales were flat. On a geographical basis, sales increased 14.5% year-over in the Americas, 12.4% in EMEA and 6.1% in Asia Pacific. Revenue distribution among these three regions in the second quarter amounted to 50% from the Americas, 29% from EMEA and 21% from Asia-Pacific. EXFO’s top customer accounted for 10.0% of sales in the second quarter and 12.0% of sales in the first half of 2017, while the top three customers represented 16.6% and 19.2% of sales, respectively. Profitability. EXFO generated adjusted EBITDA of US$4.9 million, or 8.1% of sales, in the second quarter of 2017 and US$11.2 million, or 9.2% of sales, after six months into fiscal 2017. EXFO also delivered US$14.4 million in cash flows from operating activities in the second quarter of 2017 to raise its cash position to US$52.4 million at the quarter end. Innovation. EXFO launched several new products during the second quarter and following the quarter-end while taking part in two key industry events: Mobile World Congress and Optical Fiber Conference. Major product introductions included a 400 Gbit/s optical transport test solution, 200 Gbit/s optical spectrum analyzer and FTB-4 test platform—all focused on optical high-speed networking applications in the lab and field; an automated inspection probe for testing multifiber connectors in data centers and radio access networks (RANs); optical RF over OBSAI (open base station architecture initiative) link test capabilities to complement recently acquired optical RF over CPRI (common public radio interface) test technology for C-RAN deployments; and the company integrated Ookla’s Speedtest technology into its MaxTester residential broadband test solution. Finally, EXFO received Frost & Sullivan’s Market Share Leadership Award for the sixth consecutive year by building on its No. 1 position in the portable fiber-optic test equipment market.

Business Outlook
EXFO forecasts sales between US$58.0 million and US$63.0 million for the third quarter of fiscal 2017, while IFRS net results are expected to range between a loss of US$0.02 per share and earnings of US$0.02 per share. IFRS net results include US$0.02 per share in after-tax amortization of intangible assets and stock-based compensation costs as well as an anticipated foreign exchange gain of US$0.01 per share.

This guidance was established by management based on existing backlog as of the date of this press release, seasonality, expected bookings for the remaining of the quarter, as well as exchange rates as of the day of this press release.

Conference Call and Webcast
EXFO will host a conference call today at 5 p.m. (Eastern time) to review second-quarter results for fiscal 2017. To listen to the conference call and participate in the question period via telephone, dial 1-719-457-1036. Please take note the following participant passcode will be required: 6277231. Germain Lamonde, Executive Chairman, Philippe Morin, Chief Operating Officer, and Pierre Plamondon, CPA, Vice-President of Finance and Chief Financial Officer, will participate in the call. An audio replay of the conference call will be available two hours after the event until 8:00 p.m. on April 5, 2017. The replay number is 1-719-457-0820 and the required participant passcode is 6277231. The audio Webcast and replay of the conference call will also be available on EXFO’s Website at www.EXFO.com, under the Investors section.

About EXFO
EXFO develops smarter network test, data and analytics solutions for the world’s leading communications service providers, network equipment manufacturers and web-scale companies. Since 1985, we’ve worked side by side with our clients in the lab, field, data center, boardroom and beyond to pioneer essential technology and methods for each phase of the network lifecycle. Our portfolio of test orchestration and real-time 3D analytics solutions turn complex into simple and deliver business-critical insights from the network, service and subscriber dimensions. Most importantly, we help our clients flourish in a rapidly transforming industry where “good enough” testing and data analytics just isn’t good enough anymore—it never was for us, anyway. For more information, visit EXFO.com and follow us on the EXFO Blog.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, and we intend that such forward-looking statements be subject to the safe harbors created thereby. Forward-looking statements are statements other than historical information or statements of current condition. Words such as may, expect, believe, plan, anticipate, intend, could, estimate, continue, or similar expressions or the negative of such expressions are intended to identify forward-looking statements. In addition, any statement that refers to expectations, projections or other characterizations of future events and circumstances are considered forward-looking statements. They are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those in forward-looking statements due to various factors including, but not limited to, macroeconomic uncertainty as well as capital spending and network deployment levels in the telecommunications industry (including our ability to quickly adapt cost structures with anticipated levels of business and our ability to manage inventory levels with market demand); future economic, competitive, financial and market conditions; consolidation in the global telecommunications test and service assurance industry and increased competition among vendors; capacity to adapt our future product offering to future technological changes; limited visibility with regards to timing and nature of customer orders; longer sales cycles for complex systems involving customers’ acceptances delaying revenue recognition; fluctuating exchange rates; concentration of sales; timely release and market acceptance of our new products and other upcoming products; our ability to successfully expand international operations; our ability to successfully integrate businesses that we acquire; and the retention of key technical and management personnel. Assumptions relating to the foregoing involve judgments and risks, all of which are difficult or impossible to predict and many of which are beyond our control. Other risk factors that may affect our future performance and operations are detailed in our Annual Report, on Form 20-F, and our other filings with the U.S. Securities and Exchange Commission and the Canadian securities commissions. We believe that the expectations reflected in the forward-looking statements are reasonable based on information currently available to us, but we cannot assure that the expectations will prove to have been correct. Accordingly, you should not place undue reliance on these forward-looking statements. These statements speak only as of the date of this document. Unless required by law or applicable regulations, we undertake no obligation to revise or update any of them to reflect events or circumstances that occur after the date of this document.

*NON-IFRS MEASURES

EXFO provides non-IFRS measures (gross margin before depreciation and amortization and adjusted EBITDA) as supplemental information regarding its operational performance. The company uses these measures for the purpose of evaluating historical and prospective financial performance, as well as its performance relative to competitors. These measures also help the company to plan and forecast for future periods as well as to make operational and strategic decisions. EXFO believes that providing this information, in addition to IFRS measures, allows investors to see the company’s results through the eyes of management, and to better understand its historical and future financial performance.

The presentation of this additional information is not prepared in accordance with IFRS. Therefore, the information may not necessarily be comparable to that of other companies and should be considered as a supplement to, not a substitute for, the corresponding measures calculated in accordance with IFRS.

Gross margin before depreciation and amortization represents sales less cost of sales, excluding depreciation and amortization.

Adjusted EBITDA represents net earnings before interest, income taxes, depreciation and amortization, stock-based compensation costs and foreign exchange gain or loss.

The following table summarizes the reconciliation of adjusted EBITDA to IFRS net earnings, in thousands of US dollars:

Adjusted EBITDA

Q2 2017

Q1 2017

Q2 2016

IFRS net earnings for the period

$

1,008

$

3,303

$

3,963

Add (deduct):

Depreciation of property, plant and equipment

962

903

924

Amortization of intangible assets

768

427

286

Interest (income) expense

(9)

(20)

(470)

Income taxes

1,521

1,962

1,364

Stock-based compensation costs

353

258

314

Foreign exchange (gain) loss

272

(512)

(1,101)

Adjusted EBITDA for the period

$

4,875

$

6,321

$

5,280

Adjusted EBITDA in percentage of sales

8.1%

10.2%

9.9%

EXFO Inc.

Condensed Unaudited Interim Consolidated Balance Sheets

(in thousands of US dollars)

As at

February 28,

2017

As at

August 31,

2016

Assets

Current assets

Cash

$

48,343

$

43,208

Short-term investments

4,074

4,087

Accounts receivable

Trade

36,818

42,993

Other

5,435

2,474

Income taxes and tax credits recoverable

4,131

4,208

Inventories

33,039

33,004

Prepaid expenses

2,971

3,099

134,811

133,073

Tax credits recoverable

34,159

34,594

Property, plant and equipment

36,843

35,978

Intangible assets

7,034

3,391

Goodwill

26,094

21,928

Deferred income tax assets

7,078

8,240

Other assets

435

589

$

246,454

$

237,793

Liabilities

Current liabilities

Accounts payable and accrued liabilities

$

37,803

$

37,174

Provisions

258

299

Income taxes payable

545

971

Deferred revenue

11,335

9,486

49,941

47,930

Deferred revenue

6,433

5,530

Deferred income tax liabilities

2,441

2,857

Other liabilities

30

75

58,845

56,392

Shareholders’ equity

Share capital

89,841

85,516

Contributed surplus

17,843

18,150

Retained earnings

130,620

126,309

Accumulated other comprehensive loss

(50,695)

(48,574)

187,609

181,401

$

246,454

$

237,793

EXFO Inc.

Condensed Unaudited Interim Consolidated Statements of Earnings

(in thousands of US dollars, except share and per share data)

Three months

Six months

Three months

Six months

ended

ended

ended

ended

February 28,

February 28,

February 29,

February 29,

2017

2017

2016

2016

Sales

$

60,030

$

121,815

$

53,597

$

108,829

Cost of sales (1)

22,989

45,802

18,904

39,041

Selling and administrative

21,255

42,850

19,565

39,817

Net research and development

11,264

22,578

10,162

20,095

Depreciation of property, plant and equipment

962

1,865

924

1,899

Amortization of intangible assets

768

1,195

286

586

Interest and other income

(9)

(29)

(470)

(407)

Foreign exchange (gain) loss

272

(240)

(1,101)

(1,411)

Earnings before income taxes

2,529

7,794

5,327

9,209

Income taxes

1,521

3,483

1,364

3,480

Net earnings for the period

$

1,008

$

4,311

$

3,963

$

5,729

Basic net earnings per share

$

0.02

$

0.08

$

0.07

$

0.11

Diluted net earnings per share

$

0.02

$

0.08

$

0.07

$

0.10

Basic weighted average number of shares outstanding (000’s)

54,506

54,195

53,927

53,870

Diluted weighted average number of shares outstanding (000’s)

55,681

55,341

54,615

54,575

(1) The cost of sales is exclusive of depreciation and amortization, shown separately.

EXFO Inc.

Condensed Unaudited Interim Consolidated Statements of Comprehensive Income

(in thousands of US dollars)

Three months

Six months

Three months

Six months

ended

ended

ended

ended

February 28,

February 28,

February 29,

February 29,

2017

2017

2016

2016

Net earnings for the period

$

1,008

$

4,311

$

3,963

$

5,729

Other comprehensive income (loss), net of income taxes

Items that will not be reclassified subsequently to net earnings

Foreign currency translation adjustment

2,019

(2,198)

(2,204)

(4,713)

Items that may be reclassified subsequently to net earnings

Unrealized gains/losses on forward exchange contracts

326

(235)

50

(220)

Reclassification of realized gains/losses on forward exchange contracts in net earnings

139

320

839

1,717

Deferred income tax effect of gains (losses) on forward exchange contracts

(100)

(8)

(242)

(390)

Other comprehensive income (loss)

2,384

(2,121)

(1,557)

(3,606)

Comprehensive income for the period

$

3,392

$

2,190

$

2,406

$

2,123

EXFO Inc.

Condensed Unaudited Interim Consolidated Statements of Changes in Shareholders’ Equity

(in thousands of US dollars)

Six months ended February 29, 2016

Share

capital

Contributed surplus

Retained earnings

Accumulated
other
comprehensive
loss

Total

shareholders’ equity

Balance as at September 1, 2015

$

86,045

$

17,778

$

118,933

$

(52,005)

$

170,751

Redemption of share capital

(244)

57

(187)

Reclassification of stock-based compensation costs

1,230

(1,230)

Stock-based compensation costs

681

681

Net earnings for the period

5,729

5,729

Other comprehensive income (loss)

Foreign currency translation adjustment

(4,713)

(4,713)

Changes in unrealized losses on forward exchange contracts, net of deferred income taxes of $390

1,107

1,107

Total comprehensive income for the period

2,123

Balance as at February 29, 2016

$

87,031

$

17,286

$

124,662

$

(55,611)

$

173,368

Six months ended February 28, 2017

Share

capital

Contributed surplus

Retained earnings

Accumulated
other
comprehensive
loss

Total

shareholders’ equity

Balance as at September 1, 2016

$

85,516

$

18,150

$

126,309

$

(48,574)

$

181,401

Issuance of share capital

3,490

3,490

Reclassification of stock-based compensation costs

835

(835)

Stock-based compensation costs

528

528

Net earnings for the period

4,311

4,311

Other comprehensive income (loss)

Foreign currency translation adjustment

(2,198)

(2,198)

Changes in unrealized gains/losses on forward exchange contracts, net of deferred income taxes of $8

77

77

Total comprehensive income for the period

2,190

Balance as at February 28, 2017

$

89,841

$

17,843

$

130,620

$

(50,695)

$

187,609

EXFO Inc.

Condensed Unaudited Interim Consolidated Statements of Cash Flows

(in thousands of US dollars)

Three months

ended

February 28,

2017

Six months

ended

February 28,

2017

Three months

ended

February 29,

2016

Six months

ended

February 29,

2016

Cash flows from operating activities

Net earnings for the period

$

1,008

$

4,311

$

3,963

$

5,729

Add (deduct) items not affecting cash

Stock-based compensation costs

353

611

314

690

Depreciation and amortization

1,730

3,060

1,210

2,485

Deferred revenue

3,022

2,947

2,162

3,673

Deferred income taxes

312

459

101

674

Changes in foreign exchange gain/loss

107

(431)

(615)

(959)

6,532

10,957

7,135

12,292

Changes in non-cash operating items

Accounts receivable

5,160

2,602

11,305

9,281

Income taxes and tax credits

(46)

(390)

1,211

933

Inventories

924

(324)

(2,642)

(5,868)

Prepaid expenses

(156)

102

(20)

34

Other assets

(37)

(24)

10

203

Accounts payable, accrued liabilities and provisions

2,011

586

(1,644)

1,731

Other liabilities

1

1

(26)

(54)

14,389

13,510

15,329

18,552

Cash flows from investing activities

Additions to short-term investments

(20)

(316)

(21)

Proceeds from disposal and maturity of short-term investments

298

298

501

501

Purchases capital assets

(1,656)

(2,893)

(927)

(2,236)

Business combination

(5,000)

(1,378)

(7,911)

(426)

(1,756)

Cash flows from financing activities

Bank loan

153

468

Redemption of share capital

(186)

(187)

(33)

281

Effect of foreign exchange rate changes on cash

271

(464)

674

477

Change in cash

13,282

5,135

15,544

17,554

Cash – Beginning of the period

35,061

43,208

27,874

25,864

Cash – End of the period

$

48,343

$

48,343

$

43,418

$

43,418

Supplementary information

Income taxes paid

$

603

$

1,561

$

508

$

1,116

Additions to capital assets

$

2,483

$

3,662

$

1,066

$

2,375

EXFO-F

SOURCE EXFO inc.

Related Links

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