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Lenovo Return To Profit, Despite Losses In Mobile Business

May 26, 2017 by  
Filed under Computing

China’s Lenovo Group Ltd, the world’s largest personal computer (PC) manufacturer, has returned to profitability, but said rising component prices may put pressure on its bottom line this year as supply shortages extend to batteries.

Profit reached $535 million in the year to March on revenue that fell 4 percent, just missing analyst estimates. The news sent Lenovo shares up as much as 6 percent in Hong Kong trade.

The result comes as Lenovo navigates a PC market that has shrunk markedly since the advent of tablet computers. According to researcher Gartner, global PC shipments fell for the 10th consecutive quarter in January-March, dipping below 63 million units for the first time since 2007.

Lenovo’s annual shipments fell 1 percent versus a market decline of 3 percent, with its share rising 0.4 percentage point to a record 21.4 percent. Revenue in its PC and smart devices unit – which makes up 70 percent of the total – fell 2 percent.

The company blamed the declines on transition in its smartphone and data center businesses, as well as on a difficult macro environment and component supply constraints.

Memory shortage is likely to continue this year, particularly solid-state drives (SSD), pushing up parts costs, said Corporate President and Chief Executive Officer Gianfranco Lanci at an earnings briefing.

“We are starting to see shortage in batteries,” Lanci added. “That is mainly because of cars consuming many more batteries than before.”

Lanci said it could take a year for battery suppliers to catch up with demand and for prices to normalize, having risen by a single digit percent so far this year.

Lenovo’s mobile business, which accounts for 18 percent of revenue, booked a loss which widened somewhat to $566 million, though the firm said it was enjoying strong growth in Latin America and Western Europe.

Is The U.S. Tech Sector Truly Leading The Way

May 26, 2017 by  
Filed under Around The Net

The US stock market is doing rather well, but it is entirely based on the tech industry which have been making up all the gains.

Apple, Alphabet, Facebook, Amazon, and Microsoft make up a whopping 37 percent of the total gains in the sharemarket while the bulk of US companies are just slouching around like teenagers in a mall.

Apple, Alphabet, Facebook, Amazon, and Microsoft saw their share prices touch record highs in recent months. Other companies grew at a rate of less than 1 percent during the first three months of this year.

The Wall Street Journal said that this part of a trend. Digital industries such as technology, communications, media, software, finance and professional services grew 2.7 per cent annually over the past 15 years.

The slowdown is concentrated in physical industries such as health care, transportation, education, manufacturing, retail where productivity grew a mere 0.7% annually over the same period.

As technology companies continue to scale, the network effects bolstering their business are strengthening. Facebook and Google accounted for over three-quarters of the growth in the digital advertising industry in 2016, leaving the rest to be divided among small fry like Twitter, Snapchat, and the entire American media industry.

Apple and Alphabet have achieved a virtual duopoly on mobile operating systems, with only a tiny sliver of consumers choosing an alternative for their smartphones and tablets.

Courtesy-Fud

Apple And Nokia Resolve Patent Dispute, Sees Future Collaboration

May 25, 2017 by  
Filed under Mobile

Apple has resolved a patent fight with Finnish telecom equipment maker Nokia and agreed to purchase more of its network products and services.

The deal means Nokia will get bigger royalties from Apple for using its mobile phone patents, helping offset the impact of waning demand for its mobile network hardware.

Such legal battles are common in the industry but can drag on for years and analysts had not been expecting such a quick resolution to the dispute that started in December.

Under the deal announced in a joint statement from the companies on Tuesday, Nokia will also supply network infrastructure products to Apple, and Apple will resume sales of Nokia’s digital health products in retail and online stores and look at further collaboration in health.

Digital health is one of the areas Nokia is targeting as it tries to develop new businesses to offset the industry-wide slump in demand for network equipment. Last year, Nokia bought France’s Withings S.A., a small firm with products such as activity trackers and baby monitors built on digital platforms.

“There could emerge big future value from this as Apple could become an important distribution channel,” said Handelsbanken analyst Daniel Djurberg, who has an “accumulate” recommendation for Nokia shares.

“I have not given any value so far for Nokia’s digital health business, but might apply an option value to it.”

Nokia Chief Executive Rajeev Suri told the company’s annual general meeting later on Tuesday that the deal would help expand network sales beyond telecom operators to global internet and technology giants.

“(The deal) involves a business collaboration … in particular in areas of IP and optical equipment, which is quite key to webscale players when they build their data centers,” he said. “It’s a good deal, a multi-year licensing deal, and I love it that it has an industrial deal and aspect to it.”

Under the patent license agreement, Nokia will receive a “significant” upfront cash payment and additional revenues from Apple starting from the current quarter. The companies did not give further details but analysts said the revenue was likely to be far higher than a previous deal.

Inge Heydorn, fund manager at Sentat Asset Management, said it was a smart move to collaborate on digital health products.

“It’s interesting for Nokia in a five- to 10-year perspective since I think it will be hard to be profitable within mobile infrastructure,” said Heydorn, whose firm does not hold any shares in Nokia.

Microsoft To Acquire Cyber Security Firm Hexadite

May 25, 2017 by  
Filed under Around The Net

Microsoft has made a deal to purchase cyber security firm Hexadite for $100 million, according to Israeli financial news website Calcalist.

Hexadite, headquartered in Boston with its research and development center in Israel, provides technology to automate responses to cyber attacks that it says increases productivity and reduces costs for businesses.

Microsoft officials declined to comment. Officials at Hexadite could not immediately be reach for comment.

Investors in Hexadite include Hewlett Packard Ventures, and venture capital firms TenEleven and YL Ventures.

Microsoft said in January it plans to continue to invest more than $1 billion annually on cyber security research and development in the coming years. Israel has already benefited from that investment.

India Woos Apple Expansion, Offers Tax Concessions

May 24, 2017 by  
Filed under Consumer Electronics

India has proposed letting Apple Inc import mobile handset components intended for use in local manufacturing tax free, a top government official said.

The tax concessions will be subject to the condition of increasing local value addition over a period of time.

Apple Inc wants to expand its contract manufacturer’s facility in the southern Indian tech hub of Bengaluru, a federal minister said , as the iPhone maker seeks a bigger share in one of the world’s biggest smartphone markets.

Cupertino, California-based Apple last week started making iPhone SE at its Taiwanese contract manufacturer Wistron’s plant in Bengaluru..

Apple, which sold over 50 million iPhones in the March quarter, down 1 percent year-on-year, is looking for new markets as its sales in China have weakened.

Among a set of tax concessions, Apple had initially sought a 15-years tax holiday for all components that it would import for setting up a manufacturing facility in India.

A panel of ministries rejected that demand and has offered a phased program to increase the share of local production in the manufacturing, Aruna Sundararajan, Secretary at the Ministry of Electronics and IT said.

“We have offered them tax exemptions on those components which could not be manufactured in India,” Sundararajan told Reuters, adding that local manufacturing component would have to be increased gradually.

Apple has agreed to increase local share in production over a period of time, but there was a difference between the plans of the two sides, she said.

Apple was not immediately available for comment.

India wants Apple to raise value addition share in phases of 3,5,7 and 10 years as the local capacity builds up, part of Prime Minister Narendra Modi’s plans to boost manufacturing.

Industry estimates the phased manufacturing program could increase local value addition in mobile phones manufacturing to 40-50 percent in the next three years.

Earlier, Ravi Shankar Prasad, the federal minister for Electronics and IT said government officials were in touch with Apple and other mobile phone manufacturers about expanding facilities and setting up new plants.

“It will be a little early to say that India and Apple have agreed on the common ground,” said the official, adding India was ready to work out a roadmap to encourage manufacturing.

Industry estimates total value of mobile phones produced in India touched near 900 billion Indian rupees ($13.90 billion) compared with 540 billion rupees in the previous year.

“We are waiting for Apple to come back,” said Sundararajan.

Samsung On The Hunt For Acquisitions

May 23, 2017 by  
Filed under Consumer Electronics

Tech giant Samsung Electronics Co Ltd plans to continue their hunt for acquisition opportunities, a company executive said on Monday, as the firm seeks to build software and services to further differentiate its products.

“We are going to be bullish on finding companies that fit our strategy,” Peter Koo, a senior vice president for Samsung’s mobile division, said during an investor event in Hong Kong. He did not elaborate on specific targets or technologies that Samsung is looking to acquire.

The world’s top maker of memory chips, smartphones and televisions has grown more aggressive in acquiring companies in recent years, breaking from its past preference to rely on its own talent and use its cash for capital expenditures amid intensifying competition from the likes of Apple Inc and Huawei Technologies Co Ltd.

In addition to buying firms such as Viv Labs and LoopPay, deals that bolstered Samsung’s existing efforts for artificial intelligence and mobile payments services, Samsung is also spending money to break into new businesses.

The firm completed an $8 billion acquisition of Harman International Industries early this year, its biggest ever deal, in an attempt to speed up its entry into the automotive components industry and develop a new growth engine.

Koo said Samsung’s aim with software and services is to primarily make its products more attractive to consumers, and that the firm will look for partnerships as well as acquisitions to bolster its offerings.

Ford To Use Over-the-air Updates For Vehicle Software

May 22, 2017 by  
Filed under Around The Net

Ford Motor Co announced that it would enter into the growing arena of “over-the-air” software updates, adding Android Auto and Apple CarPlay to its Sync 3-equipped 2016 vehicles for the first time via a wireless software update.

The latest upgrade to Sync 3, Ford’s interactive touch-screen system, will be accomplished through an over-the-air (OTA) update using Wi-Fi, not unlike how new software gets uploaded to smartphones by manufacturers.

After Tesla Inc’s early lead in 2015 introducing OTAs, traditional automakers are slowly beginning to embrace the new technology, within limits. Concerns about security and resistance from dealers worried about losing service revenue have hampered its adoption.

Thus far, established automakers have not used OTAs for safety systems, only for non-critical systems like infotainment.

Customers can also get the update via the traditional means of visiting their dealer or using a USB drive, Ford said.

Android Auto and Apple CarPlay are operating systems from Alphabet’s Google and Apple Inc that allow drivers to connect their smartphones to their vehicles’ dashboard.

Ford’s first use of OTAs comes about two months after it said it would hire 400 engineers to work on connectivity, mostly from Blackberry Ltd’s shuttered phone handset business. Blackberry QNX powers Ford’s Sync 3 system.

Besides being more convenient for customers, OTAs can bring automakers cost savings, as a substantial percentage of warranty repair issues and recalls can be corrected through OTAs.

 

Cisco Slashing More Jobs As Revenue Continues To Fall

May 19, 2017 by  
Filed under Around The Net

Cisco Systems Inc forecast current-quarter revenue that widely missed analysts’ estimates and said it plans on slashing 1,100 more jobs, as the world’s largest networking gear maker ramps up efforts to transform into a software-centric company.

Cisco, which announced in August that it would eliminate 5,500 jobs, said the new cuts would result in $150 million in additional pretax charges.

The company said on Wednesday it expected revenue for its fourth quarter to fall between 4-6 percent from a year earlier, implying a range of $11.88 billion-$12.13 billion.

Analysts on average had expected revenue of $12.51 billion, according to Thomson Reuters I/B/E/S.

Cisco said orders in its public sector business, which includes sales to federal, state and local governments, fell 4 percent in the third quarter ended April 29.

“It’s a pretty significant stall right now with the lack of budget visibility,” Chief Executive Chuck Robbins said on an earnings call.

Democrats and Republicans agreed earlier this month to provide around $1 trillion to keep the federal government funded through the end of the fiscal year on Sept. 30.

However, divisions between the parties are likely to flare up again when the White House unveils President Donald Trump’s first full budget for the 2018 fiscal year on Tuesday.

“So, you’ve got some pretty large pieces of (the) business under duress,” Needham & Co analyst Alex Henderson said.

“Some of it is probably around the lack of a budget agreement on extending the debt limits until fairly late in the quarter, some of it could be related to timing of programs – it’s hard to pin that down.”

Demand for Cisco’s routers remained weak in the latest quarter, contributing to the company’s sixth straight decline in revenue.

Revenue in its closely-watched security business, which offers firewall protection and breach detection systems, rose 9 percent to $527 million, but missed analysts’ estimate of $545.5 million, according to financial data and analytics firm FactSet Street Account.

The security business is set to benefit from a likely jump in spending by companies and governments following the recent global “ransomware” attack, according to some analysts.

Cisco, like other legacy technology players, is shifting its focus to high-growth areas such as security, the Internet of Things and cloud computing, amid intense competition from companies such as Huawei and Juniper Networks Inc.

The company said it expected an adjusted profit of 60 cents-62 cents per share for the current quarter. Analysts on average were expecting a profit of 62 cents.

The company’s net income rose to $2.52 billion, or 50 cents per share, in the third quarter ended April 29 from $2.35 billion, or 46 cents per share, a year earlier.

Western Digital Files Legal Challenge To Block Sale of Toshiba’s Chip Unit

May 16, 2017 by  
Filed under Consumer Electronics

Western Digital Corp has sought international arbitration to halt its partner Toshiba Corp from selling its chips division without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate.

The two companies jointly operate Toshiba’s main semiconductor plant but Western Digital is not a favored bidder for the world’s second biggest NAND chip producer, having put in a much lower offer than other suitors, a source with knowledge of the matter has said.

A legal battle could delay or put an end to an auction that could fetch some $18 billion and has attracted suitors such as private equity firm KKR & Co LP, Taiwan’s Foxconn and U.S. chipmaker Broadcom.

Toshiba is depending on the sale to cover billions in dollars in cost overruns at its now bankrupt U.S. nuclear unit Westinghouse. The Japanese firm logged a 950 billion yen ($8.4 billion) annual net loss and had negative shareholder equity of 540 billion yen, it said in an unaudited earnings release on Monday.

After months of souring relations, Western Digital has begun arbitration procedures with the International Chamber of Commerce, demanding Toshiba reverse a move to put their joint venture assets into a newly formed unit – Toshiba Memory – and stop any sale without Western Digital’ s consent.

Western Digital’s “efforts to achieve a resolution to date have been unsuccessful, and so we believe legal action is now a necessary next step,” CEO Steve Milligan said in a statement.

Toshiba CEO Satoshi Tsunakawa told a news conference the complaint was groundless and that Toshiba would push on with the sale, sticking to its plan to complete the second round of bidding on Friday.

“We will make efforts to convince bidders of the legitimacy of the chip-unit sale and wipe away their concerns,” he said.

Toshiba argues neither party can block a change of control by the other partner. It says Western Digital itself acquired the joint venture interest when it bought current unit SanDisk, and never sought or received Toshiba’s approval.

But Western Digital counters that the contract only allows Toshiba not to seek approval if the Japanese company is acquired by a third party.

Snapchat Reports Slowing User Growth

May 12, 2017 by  
Filed under Around The Net

Snap Inc shares took a deep dive after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company, missing some Wall Street estimates as it competes with copycat messaging apps.

Shares tumbled 23 percent in after-hours trading to wipe some $6 billion from Snap’s market value, a reversal for the company after a red-hot March initial public offering that was the biggest for a U.S. tech company since Facebook Inc’s 2012 debut.

The stock fell to $17.66, just above its IPO price of $17.

Some investors were hoping Snap would surprise them with big numbers in its first quarterly report, BTIG analyst Richard Greenfield said.

“The fact that they failed to live up to expectations, let alone exceed them, disappointed people,” he said.

The performance echoed slides in Facebook and Twitter after they posted debut scorecards following their IPOs. Twitter shares cratered 24 percent the next day, while Facebook’s tumbled 11 percent, still the biggest-ever one-day losses for both.

Snap Chief Executive Evan Spiegel sought to reassure investors during an earnings call, fielding a dozen questions that ranged from strategy to how it would deal with competitors.

He also did not shy away from one query that allowed him to take a feisty jab at Facebook.

“If you want to be a creative company, you’ve got to get comfortable with and enjoy the fact that people are going to copy your product if you make great stuff,” he said.

Making a comparison to the search industry, Spiegel added: “Just because Yahoo has a search box doesn’t mean they’re Google.”

Snap said its daily active users (DAUs) rose 36.1 percent to 166 million in the first quarter from a year earlier, marking a slowdown from the 47.7 percent rise for the fourth quarter and 62.8 percent jump for the third quarter that the company reported in its IPO filing.

The slowing rate of growth was in line with an estimate from JPMorgan, which accurately expected 166 million DAUs for the first quarter. Monness, Crespi, Hardt & Co Inc had pegged them even higher at 173 million.

Snap’s March IPO priced above the company’s target range as investors put aside concerns about a lack of profits and voting rights to get a piece of the action. The IPO raised $3.4 billion and gave the company a market valuation of roughly $24 billion, and shares surged 44 percent in their first day of trading.

Verizon Wireless Tops AT&T Bid To Acquire Straight Path Communications

May 12, 2017 by  
Filed under Mobile

Verizon Communications Inc, the No.1 U.S. wireless carrier, will acquire wireless spectrum holder Straight Path Communications Inc for an enterprise value of about $3.1 billion, ending a bidding war with rival AT&T.

The $184 per share all-stock offer represents a discount of 17.8 percent to Straight Path’s close on Wednesday and has an equity value of $2.3 billion.

The stock surged nearly five-fold since April 7, a day before the company first received a $95.63 per share takeover bid from AT&T Inc.

Straight Path’s shares, which had jumped 39 percent since Verizon made its final bid on Monday, plunged 20 percent to $178 on Thursday, indicating some investors were disappointed with the deal.

Straight Path, which holds a large trove of 28 GHz and 39 GHz millimeter wave spectrum used in mobile communications, will give Verizon an advantage in fifth-generation (5G) network development.

5G networks are expected to offer faster downloads and boost internet-reliant products such as self-driving cars.

Straight Path had said on Monday an unnamed telecommunications company had raised its offer to buy the company. Reuters reported, citing sources, that the unnamed bidder was Verizon.

Verizon’s bid tops AT&T’s offer of $95.63 per share, or $1.25 billion, which was announced last month.

Straight Path, which earlier agreed to be bought by AT&T, said it would terminate the previously announced deal.

Verizon will pay, on behalf of Straight Path, a termination fee of $38 million to AT&T.

Evercore was financial adviser to Straight Path and Weil, Gotshal & Manges served as company counsel on the deal.

Debevoise & Plimpton LLP served as counsel to Verizon.

Is Microsoft’s Surface Laptop Too Expensive?

May 10, 2017 by  
Filed under Computing

Microsoft made a rather surprising move by unveiling its Surface Laptop at the #MicrosoftEDU event in New York but at that price, it faces some rather stiff competition.

Microsoft is aiming at education with Windows 10 S OS, the new Microsoft Surface Laptop starts at a rather steep price of US $999 for the base version, powered by 7th-gen Kaby Lake Core i5 CPU, 4GB of RAM and 128GB of storage. Both HP and Acer have unveiled their notebooks powered by Windows 10 S, the HP ProBook x360 Education Edition, and the Acer TravelMate Spin B1 Convertible, which start at rather more reasonable US $299, coming with 11.6-inch screens, Intel Celeron CPUs, 4GB of RAM and 64GB of storage.

While it might be both lighter and thinner than any Apple Macbook as well as 50 percent faster than Macbook Air (like that was so hard to achieve), the Surface Laptop falls short when it comes to some serious competition.

Microsoft spent a lot of time talking about dimensions and the fact that the Surface Laptop is both lighter and thinner than any Apple Macbook. Measuring at 308.1×223.27×14.48mm (12.13×8.79×0.57 inches) and weighing in at 1,252g (2.76 lbs), the Surface Laptop is a fancy looking system with anodized chassis and Alcantara covered keyboard, but competition, like the Dell XPS 13, coming with CNC machined aluminum chassis and carbon fiber composite palm rest with soft-touch, is not far behind at all.

The Dell XPS 13 measures at 304x200x9-15mm (11.98×7.88×0.33-0.6inches) and weighs 1.22kg (2.7lbs) for the standard and 1.31kg (2.9lbs) for the touch version, which makes it smaller and pretty much the same weight as the Surface Laptop. 

When it comes to hardware, Dell also offers more bang for the buck, at least when it comes to high-end configurations. The most expensive version of Surface Laptop, one featuring an Intel Core i7 CPU, 16GB or RAM and 512GB of PCIe NVMe SSD is listed at US $2,199, whereas Dell will give you its high-end XPS 13 Touch with Intel 7th-gen Core i7-7560U, 16GB or RAM, 512GB of SSD storage and the 13.3-inch QHD (3200×1800) touch screen for US $1,974.99.

Dell also has the new XPS 13 2-in-1, which was introduced back in January, and which comes an UltraSharp QHD+ (3200×1800 resolution) screen or a standard 1920×1080 screen. It is powered by Intel’s latest Kaby Lake Y-series CPUs, including the Core i5-7Y54 clocked at 3.2GHz or i7-7Y75 clocked at 3.6GHZ. It can also be equipped with up to 16GB of RAM and up to 1TB of SSD storage, so this is a viable competition as well. 

HP has a neat offer with the Spectre 13-v151nr, offering a 13.3-inch FHD system with Intel Core i7-7500U CPU, 8GB of RAM and 256GB of PCIe NVMe SSD storage for US $1,249.99.

We are sure that Surface Laptop has its market but those in education will be looking at cheaper systems while those looking for a high-end notebook will probably look elsewhere as there is plenty of competition offering more than Microsoft’s new Surface Laptop, let alone the Apple Macbook line. Bear in mind that all of these high-end notebooks run on Windows 10 Home or Windows 10 Pro OS, which offer a lot more than the locked Windows 10 S OS. 

Courtesy-Fud

Does Facebook Having A Coding Bias?

May 10, 2017 by  
Filed under Computing

According to The Wall Street Journal, female engineers who work at Facebook may face gender bias that prevents their code from being accepted at the same rate as male counterparts.

Code written by women was less likely to make it through Facebook’s internal peer review system. It is unlikely that women write shittier code than blokes, so it means that the peer review is being harder on women than men.

It means that Facebook’s efforts at diversity efforts are just rubbish. The company’s workforce is just 33 percent female, with women holding just 17 percent of technical roles and 27 percent of leadership positions. So if those women have to work harder than men because their work is going to be more heavily scrutinised it is rather unfair.

To be fair, Facebook was alarmed by this data and commissioned a second study by Jay Parikh, its head of infrastructure, to investigate any potential issues.

Parikh’s findings suggested that the code rejections were due to engineering rank, not gender. So the issue is that because women do not rise to the top as fast as men statistically they are more likely to be stuck in a grade where there are picked on.

Either possibility could result in the 35 percent higher code rejection rate for female engineers.

Courtesy-Fud

Amazon’s Alexa Dominates Voice-controlled Speaker Market

May 9, 2017 by  
Filed under Consumer Electronics

Amazon.com Inc is dominating the niche market for voice-controlled speakers, according to data from research firm eMarketer.

The e-commerce giant’s Amazon Echo and Echo Dot devices will claim a 70.6 percent share of the U.S. market this year, the study found. The speakers feature Alexa, Amazon’s voice-controlled aide, which users can tell to play music, order an Uber or turn on the house lights.

That puts it far ahead of Alphabet Inc’s Google Home, a similar gadget that has a 23.8 percent share, and less successful offerings from other tech companies.

The number of active U.S. users will more than double for the devices this year, to 35.6 million, eMarketer said.

The report underscores Amazon’s progress in making Alexa and its speech-recognition technology an integral part of customers’ lives. More users means more data that can improve Alexa’s understanding and could make it a top platform for voice, like Windows is for desktop.

Amazon does not disclose Echo sales figures but has said it had trouble keeping the product in stock. Device sales and extra revenue from shoppers placing orders via Alexa could generate $10 billion for Amazon by 2020, RBC Capital Markets analyst Mark Mahaney said in a recent note. And that does not include potential revenue from others using Alexa as a platform.

Google’s share is expected to grow, though. Tests by analysts have shown the technology underpinning the Google Home to match or be superior to competitors. A survey by Mahaney found the device’s brand awareness in the United States already equaled 80 percent of Alexa’s, despite being on the market for fewer months.

The statistics from eMarketer focused on speakers and left out other virtual assistants: notably, Apple Inc’s Siri and Microsoft Corp’s Cortana. More than 60 million in the United States will use virtual assistants at least once monthly in 2017, the report said. That’s over a quarter of U.S. smartphone users.

Does Intel’s Broadband Modem Have Security Issues?

May 8, 2017 by  
Filed under Computing

Intel’s Puma 6 Intel cable modem variants are highly susceptible to a very low-bandwidth denial-of-service attack.

Basically, the attack is pretty simple to carry out. If your target is using a Puma 6-powered home gateway, and you know their public IP address, you can kick them off the internet.

The flaw is “trivial” to exploit in the wild, and would effectively make a targeted box useless for the duration of the attack. It can be exploited remotely, and there is no way to mitigate it.

Puma 6 modems are pitched as gigabit broadband gateway. If the devices can be potentially choked and knocked out simply by receiving traffic that is a fraction of the bandwidth their owners are paying for.

The Puma 6 chipset is used in several ISP-branded cable modems, including some Xfinity boxes supplied by Comcast in the US and the latest Virgin Media hubs in the UK.

There is a class action lawsuit over the performance of cable modems with Intel’s Puma 6 chipset as the Atom chip inside cannot really cope.

Courtesy-Fud

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