ALEXANDRIA, VA—Fourteen people—including the inventors of the blue LED, the nickel-metal-hydride battery, and the X-ray spectrometer—have been named to the National Inventors Hall of Fame.
Fourteen Named to Inventors Hall of Fame
ALEXANDRIA, VA—Fourteen people—including the inventors of the blue LED, the nickel-metal-hydride battery, and the X-ray spectrometer—have been named to the National Inventors Hall of Fame.
Fourteen Named to Inventors Hall of Fame
ALEXANDRIA, VA—Fourteen people—including the inventors of the blue LED, the nickel-metal-hydride battery, and the X-ray spectrometer—have been named to the National Inventors Hall of Fame.
Fourteen Named to Inventors Hall of Fame
ALEXANDRIA, VA—Fourteen people—including the inventors of the blue LED, the nickel-metal-hydride battery, and the X-ray spectrometer—have been named to the National Inventors Hall of Fame.
Comment: The Internet of Silly Things
Sagar Jethani, Head of Content at element14, has contributed this insightful comment to Embedded Computing Design:
“When Samsung CEO BK Yoon delivered the keynote speech at this year’s Consumer Electronics Show in Las Vegas, he pronounced a grandiose vision of the Internet of Things (IoT):
IOT technology is not about things. Instead, it is about people… Each of us will be at the centre of our very own technology universe… We are bringing the physical and digital worlds together. This will revolutionize our lives. It will unlock infinite possibilities.
Yoon received criticism from several observers for promulgating his lofty vision while remaining vague on specifics, like how to ensure true data security and provide users with an intuitive, truly useful improvement over the way they currently do things. One of the examples he described of how exactly IoT will revolutionize the world is that a device can be built to alert users when their wine cellar runs low.
Clearly, something is amiss.
Gold rush
While attending the Design West tradeshow in 2013, I happen to pass the booth of a large, well-recognized company that had been operating in the electronics industry for many years. To my surprise, it had modified its standard event signage by adding a number of IoT buzzwords. That evening, I bumped into a friend who works for said company.
“So,” I ventured. “Powering the Internet of Things?” He threw me a wry expression.
“Don’t even start,” he began. “Ever since Google bought Nest, we’ve been getting all kinds of pressure from corporate to ‘define our IoT strategy’ lest we get left behind.”
Indeed, Google’s $3.2 billion acquisition of the Internet-connected thermostat company was a shot heard ’round the tech world. Wall Street suddenly began paying attention to IoT, and companies like my friend’s began receiving pointed inquiries as to whether they, too, had an IoT strategy.
That’s not to say there aren’t a lot of useful applications for connecting everyday objects to the Internet. At element14, we have seen some incredibly useful concepts come to life, ranging from a device that sends a message to your phone whenever someone approaches your front door, to a lawn monitoring device that alerts you when it’s time to cut the grass, to athletic uniforms that alert coaches when a player has received a strong impact and should be checked on.
These are examples of truly useful IoT, but they are also swimming against a tide of devices that bear the appellation of “smart” simply because someone slapped a Wi-Fi chip in them. Do you really need a refrigerator that connects to the Internet? Do you need to measure every footfall with Wi-Fi-enabled running shoes? Even Nest had difficulty in building a successor to its famous Wi-Fi-connected thermostat: Critics largely panned its Internet-connected smoke alarm as being of little practical value, and its subsequent recall and price cut suggests it may have been rushed to market without considering the actual needs of users. And then there’s Samsung’s IoT-based wine cellar alert system.
Meet the Internet of Silly Things.
You say you want a revolution?
The gold rush heralded by Google’s acquisition of Nest has created a flood of new Internet-connected products all promising to revolutionize the way we do things. But consumers might not need a revolution – they may, however, respond to products that actually make their lives easier.
Design engineers need to look beyond hardware when formulating IoT devices to make them truly useful. More than ever, they must put themselves in the user’s shoes and ask basic questions about whether the product in question actually serves any useful purpose.
Forget refrigerators with built-in LCD screens: why not design a fridge with an internal camera that can move on tracks and stream video to your phone? That way, you’d know whether or not to buy that carton of eggs when you’re at the grocery store. Or what about adding geolocation sensors to your car? Then it can tell you where it is if you can’t remember where you parked.
There are plenty of good ideas out there. It’s time to move beyond the Internet of Silly Things and build them.”
Comment: The Internet of Silly Things
Sagar Jethani, Head of Content at element14, has contributed this insightful comment to Embedded Computing Design:
“When Samsung CEO BK Yoon delivered the keynote speech at this year’s Consumer Electronics Show in Las Vegas, he pronounced a grandiose vision of the Internet of Things (IoT):
IOT technology is not about things. Instead, it is about people… Each of us will be at the centre of our very own technology universe… We are bringing the physical and digital worlds together. This will revolutionize our lives. It will unlock infinite possibilities.
Yoon received criticism from several observers for promulgating his lofty vision while remaining vague on specifics, like how to ensure true data security and provide users with an intuitive, truly useful improvement over the way they currently do things. One of the examples he described of how exactly IoT will revolutionize the world is that a device can be built to alert users when their wine cellar runs low.
Clearly, something is amiss.
Gold rush
While attending the Design West tradeshow in 2013, I happen to pass the booth of a large, well-recognized company that had been operating in the electronics industry for many years. To my surprise, it had modified its standard event signage by adding a number of IoT buzzwords. That evening, I bumped into a friend who works for said company.
“So,” I ventured. “Powering the Internet of Things?” He threw me a wry expression.
“Don’t even start,” he began. “Ever since Google bought Nest, we’ve been getting all kinds of pressure from corporate to ‘define our IoT strategy’ lest we get left behind.”
Indeed, Google’s $3.2 billion acquisition of the Internet-connected thermostat company was a shot heard ’round the tech world. Wall Street suddenly began paying attention to IoT, and companies like my friend’s began receiving pointed inquiries as to whether they, too, had an IoT strategy.
That’s not to say there aren’t a lot of useful applications for connecting everyday objects to the Internet. At element14, we have seen some incredibly useful concepts come to life, ranging from a device that sends a message to your phone whenever someone approaches your front door, to a lawn monitoring device that alerts you when it’s time to cut the grass, to athletic uniforms that alert coaches when a player has received a strong impact and should be checked on.
These are examples of truly useful IoT, but they are also swimming against a tide of devices that bear the appellation of “smart” simply because someone slapped a Wi-Fi chip in them. Do you really need a refrigerator that connects to the Internet? Do you need to measure every footfall with Wi-Fi-enabled running shoes? Even Nest had difficulty in building a successor to its famous Wi-Fi-connected thermostat: Critics largely panned its Internet-connected smoke alarm as being of little practical value, and its subsequent recall and price cut suggests it may have been rushed to market without considering the actual needs of users. And then there’s Samsung’s IoT-based wine cellar alert system.
Meet the Internet of Silly Things.
You say you want a revolution?
The gold rush heralded by Google’s acquisition of Nest has created a flood of new Internet-connected products all promising to revolutionize the way we do things. But consumers might not need a revolution – they may, however, respond to products that actually make their lives easier.
Design engineers need to look beyond hardware when formulating IoT devices to make them truly useful. More than ever, they must put themselves in the user’s shoes and ask basic questions about whether the product in question actually serves any useful purpose.
Forget refrigerators with built-in LCD screens: why not design a fridge with an internal camera that can move on tracks and stream video to your phone? That way, you’d know whether or not to buy that carton of eggs when you’re at the grocery store. Or what about adding geolocation sensors to your car? Then it can tell you where it is if you can’t remember where you parked.
There are plenty of good ideas out there. It’s time to move beyond the Internet of Silly Things and build them.”
Lattice buys Silicon Image
Lattice Semiconductor has bought HD connectivity specialist Silicon Image for $600 million which is 23.7% over yesterday’s Silicon Image share price.
“Lattice created the market for programmable connectivity solutions in the consumer market,” says Lattice CEO Darin Billerbeck, “Silicon Image has established numerous global technology standards, and built a highly valued intellectual property portfolio in wired connectivity, millimeter wave wireless technology and software services solutions.”
The transaction will be funded through a combination of cash on hand and new debt financing. Lattice has received a financing commitment of $350 million from Jefferies Finance LLC.
The transaction has been approved by the boards of directors of both companies and is expected to close by the end of March 2015. Pursuant to the definitive agreement, a subsidiary of Lattice Semiconductor will commence a tender offer for 100% of the outstanding shares of Silicon Image common stock for $7.30 per share in cash.
The tender offer is required to be commenced within 10 business days and to remain open for at least 20 business days after launch. Following completion of the tender offer, any shares not acquired in the tender offer will be acquired in a second-step merger at the same per share cash price.
The main benefits of the merger are said to be ‘programmable connectivity’ and $32 million of potential synergies in the first year.
Lattice buys Silicon Image
Lattice Semiconductor has bought HD connectivity specialist Silicon Image for $600 million which is 23.7% over yesterday’s Silicon Image share price.
“Lattice created the market for programmable connectivity solutions in the consumer market,” says Lattice CEO Darin Billerbeck, “Silicon Image has established numerous global technology standards, and built a highly valued intellectual property portfolio in wired connectivity, millimeter wave wireless technology and software services solutions.”
The transaction will be funded through a combination of cash on hand and new debt financing. Lattice has received a financing commitment of $350 million from Jefferies Finance LLC.
The transaction has been approved by the boards of directors of both companies and is expected to close by the end of March 2015. Pursuant to the definitive agreement, a subsidiary of Lattice Semiconductor will commence a tender offer for 100% of the outstanding shares of Silicon Image common stock for $7.30 per share in cash.
The tender offer is required to be commenced within 10 business days and to remain open for at least 20 business days after launch. Following completion of the tender offer, any shares not acquired in the tender offer will be acquired in a second-step merger at the same per share cash price.
The main benefits of the merger are said to be ‘programmable connectivity’ and $32 million of potential synergies in the first year.
EU VC-backed IPOs triple in 2014
€7.9 billion of VC money was invested in Europe last year, up from €6.3 billion in 2013 but down from the record-breaking €10.6 billion of 2001, says Dow Jones VentureSource.
Last year’s investments were driven by a tripling of VC-backed IPOs to 55 raising €3.7 billion compared to the 18 VC-backed IPOs of 2013 which raised €500 million.
Rocket Internet was Europe’s largest VC-backed IPO last year, raising €1.4 billion on the Frankfurt exchange in October.
The two biggest VC investors in Europe last year were High-Tech Gruenderfonds Management of Germany with 51 VC investments and, in second place, a tie between Index Ventures and the Russian Internet Initiatives Development Fund which each made 31 VC investments.
EU VC-backed IPOs triple in 2014
€7.9 billion of VC money was invested in Europe last year, up from €6.3 billion in 2013 but down from the record-breaking €10.6 billion of 2001, says Dow Jones VentureSource.
Last year’s investments were driven by a tripling of VC-backed IPOs to 55 raising €3.7 billion compared to the 18 VC-backed IPOs of 2013 which raised €500 million.
Rocket Internet was Europe’s largest VC-backed IPO last year, raising €1.4 billion on the Frankfurt exchange in October.
The two biggest VC investors in Europe last year were High-Tech Gruenderfonds Management of Germany with 51 VC investments and, in second place, a tie between Index Ventures and the Russian Internet Initiatives Development Fund which each made 31 VC investments.