Monday, July 18, 2011

Koninklijke Philips' CEO Discusses Q2 2011 Results - Earnings Call Transcript

Koninklijke Philips Electronics N.V. (PHG)

Q2 2011 Earnings Conference Call

July 18, 2011 4:00 AM EST

Executives

Abhijit Bhattacharya ? Head, IR

Frans van Houten ? President and CEO

Ron Wirahadiraksa ? CFO

Analysts

Andreas Willi ? JPMorgan

Simon Smith ? Credit Suisse

Martin Wilkie ? Deutsche Bank

Ben Uglow ? Morgan Stanley

Ga�l de-Bray ? Soci�t� G�n�rale

Ilan Chaitowitz ? Redburn Partners

Olivier Esnou ? Exane BNP Paribas

Sjoerd Ummels ? ING

Ludovic Debailleux ? Natixis Securities

Christel Monot ? UBS

Marcel Achterberg ? Petercam

Martin Prozesky ? Bernstein

William Mackie ? Berenberg Bank

Andrew Carter ? RBC

Presentation

Operator

Welcome to the Royal Philips Electronics Second Quarter Results 2011 Conference Call on Monday, 18th of July, 2011. During the introduction hosted by Mr. Frans van Houten, President and CEO; and Mr. Ron Wirahadiraksa, CFO, all participants will be in a listen-only mode. After the introduction, there will be


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Stress test breeds more fear than comfort

Instead of garnering more confidence, the European bank stress tests spurred more concerns. This is not because only 8 banks failed, but more due to the reality that has been mostly fully revealed that banks not only have large sovereign holdings of iffy credits but also have huge exposure to the private sector of each [...]

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Motorola preparing a quad-core, Android 4.0 monster?

Motorola preparing a quad-core, Android 4.0 monster?According to multiple reports, Motorola is already testing a prototype for the tablet that will succeed the Xoom.

The device is allegedly much thinner than the Xoom and will include the same 10-inch display as its predecessor.

Additionally, the new tablet will run on Android 4.0 Ice Cream Sandwich, have a 2048x1536 resolution and be powered by a quad-core Nvidia Tegra 3 processor.

Speculation is the tablet will hit in time for Christmas, but there is the possibility Motorola will release it in February, a year after the launch of the Xoom.

We will keep you updated.

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Bored Of Directors (continued)

I did a few posts on this topic back in 2004 when I was just starting to get this blogging thing. the original the followup the second followup These posts were inspired by my friend Brad Feld's initial post on...

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What's With the Attitude Towards Google?

Dana Blankenhorn submits:

Google is a growing company. It continues to invest heavily in its basic infrastructure. It keeps entering new businesses.

Yet to read some comments at Seeking Alpha and elsewhere, it's been stupid, then smart, then stupid, then smart, almost every week all year.

Google does have problems. It is outgunned in patents. Its success is creating enemies and drawing the attention of regulators. Many things it has tried to do failed. Most of its revenues still come from basic Web advertising.

But every company has problems, and challenges, and areas where it is relatively weak.

Some of the attitude stems from the recent hand-off of power from Eric Schmidt to co-founder Larry Page (above). Page and Sergey Brin came up with the concept of Google as part of their graduate work at Stanford. Its original search system was dubbed PageRank ? Larry Page's ranking system. Some see the two as


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Sunday, July 17, 2011

Apple to leave Samsung for TSMC on A6 chips?

Apple to leave Samsung for TSMC on A6 chips?According to Reuters, Apple has begun using TSMC to manufacture its upcoming A6 processing chips, potentially dumping long time partner Samsung in the process.

Fubon Securities analyst William Wang believes that Apple will remain with Samsung but diversify its manufacturing with TSMC:

Apple is trying to diversify its orders but it will still maintain some kind of relationship with Samsung. I think TSMC will get the new chip orders, the issue however is allocation. Apple won't give the whole 100 percent to TSMC. Maybe it'll allocate only 20-30 percent.


TSMC is the world's largest chip maker.

Moving completely away from Samsung would be near impossible, say industry analysts, as Samsung has designed the current chips and owns the intellectual property on system design and memory packaging.

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Blog Post: Flat File Source Changes in Denali

Nearly everyone uses the flat file source adapter, and nearly everyone that uses it runs into a common set of challenges. In Denali, we?ve made a couple of key enhancements to the Flat File Source to support the most commonly asked-for options:

  • Delimited files with varying numbers of columns per row (aka ?Ragged-Right? delimited files)
  • Delimited files with embedded qualifiers

 

Ragged-Right Delimited Files

A common way NULL data is represented at the end of rows in delimited files is without the column delimiter. Here?s an example:

OrderID

CustomerID

EmployeeID

ShipVia

10248

VINET

5

3

10249

TOMSP

6

10250

HANAR

4

2

When represented as a delimited file, it?s fairly common to see this kind of representation

OrderID,CustomerID,EmployeeID,ShipVia  10248,VINET,5,3  10249,TOMSP,6  10250,HANAR,4,2

Note the lack of a trailing comma after the ?6? in the second row. Customarily, most flat file parsers treat the lack of data on this row to mean there are NULLs in the remaining columns on the row.

Prior to Denali, SSIS took a different approach, where it would ignore any row delimiter until it believed it was parsing the last column of the row. So for example the flat file above might be parsed as:

OrderID

CustomerID

EmployeeID

ShipVia

10248

VINET

5

3

10249

TOMSP

610250

HANAR,4,2

Of course, since ?HANAR,4,2? isn?t a valid number, if ShipVia was an integer column, the parse would fail. And worse yet, there was little you could do to work around the limitation; your choices were to write your own parser, convert the data before parsing it, use the Flat File Source just to parse rows, or some such.

In Denali, this kind of file is parsed differently ? by default, we?ll always look for a row delimiter in unquoted data, and start a new row if it?s seen. So the table above is parsed as one would expect:

clip_image001

This new behavior is on by default, but can be disabled at any time using the AlwaysCheckForRowDelimiters property on the connection manager.

Embedded Qualifiers

Another custom in delimited files is the use of a qualifier character to ?escape? or embed a qualifier character into a qualified string, for example:

ID

Title

1148

Can?t Buy a Thrill

1149

Echoes, Silence, Patience & Grace

To allow the literal commas to be part of the string, the use of qualifiers is typical in a flat file representing this data. However if an apostrophe(') is used for qualifying, the apostrophe in the first row must be escaped, and a typical way to accomplish this is by doubling the qualifier character:

ID,Title  1148,'Can''t Buy a Thrill'  1149,'Echoes, Silence, Patience & Grace'

Prior to Denali, such files would always fail to parse: though SSIS supported qualifiers, SSIS had no support for embedded qualifiers, and would treat the first qualifier character (in this case the first apostrophe after the ?n? in ?Can?t Buy a Thrill?) as the end of that field, and throw an error due to the lack of a delimiter immediately after the apostrophe.

In Denali, this is fixed, and the data above is properly parsed as:

clip_image002

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