Blog Posts by Deepak Shenoy

  • The self-driving car business could become a major threat to insurance companies when the technology hits the market, billionaire investor Warren Buffett told CNBC's " Squawk Box " on Monday.

    If autonomous vehicles prove to be safer than regular cars, insurance costs will plummet, and by the time roads are filled with self-driving cars insurers like Geico will have taken a serious hit, Buffett said.

    Buffett, chairman and CEO of Berkshire Hathaway (BRK-A), spoke at length Monday morning.




    More From CNBC
    Read More »from Buffett has an interesting theory about why self-driving cars will hurt the insurance industry
  • Aviat Networks Selects MaxLinear for New WTM 4000, the Highest Capacity Microwave Radio Ever

    • MaxLinear’s MxL1105 CMOS transceiver and MxL85650 baseband SoC enable Aviat WTM 4000 to deliver 2.5Gbps uncompressed throughput per radio transceiver

    BARCELONA, Spain--(BUSINESS WIRE)--

    MaxLinear Inc. (NYSE: MXL), a leading provider of radio frequency (RF) and mixed-signal integrated circuits for the connected home and wired and wireless infrastructure markets, today announced that Aviat Networks, (AVNW), has selected the MxL1105 CMOS transceiver and MxL85650 baseband SoC for its new WTM 4000 microwave radio.

    The WTM 4000 is the highest capacity microwave radio ever produced, offering up to 2.5Gbps uncompressed throughput per radio transceiver. This represents a breakthrough in microwave backhaul performance for wireless networks.

    Aviat Networks is a global provider of microwave networking products and services to service providers, government agencies, energy and transportation companies and enterprises. The WTM 4000 is the industry’s first purpose-built IP-software defined networking (SDN) radio with an integrated

    Read More »from Aviat Networks Selects MaxLinear for New WTM 4000, the Highest Capacity Microwave Radio Ever
    Contact:
    MaxLinear Inc. Press Contact:
    The David James Agency LLC
    David Rodewald, 805-494-9508
    david@davidjamesagency.com
    or
    MaxLinear Inc. Corporate Contact:
    Brendan Walsh, 760-692-0711
    Vice President of Wireless Infrastructure Business
    bwalsh@maxlinear.com

  • COLORADO SPRINGS, Colo., Feb. 27, 2017 (GLOBE NEWSWIRE) -- Cherwell Software, LLC, a leading provider of IT service management (ITSM) solutions, announced today that it has secured $50 million in funding from KKR, a global investment firm. KKR is making the investment through its Next Generation Technology Fund, which focuses on investments in software, security, Internet, digital media, and information services.

    KKR joins existing Cherwell investor, Insight Venture Partners, which has made a series of investments beginning in 2012. With the support of KKR’s funding, Cherwell will accelerate research and development and make strategic investments aimed at broadening and deepening its portfolio of IT and enterprise service management offerings.

    Vini Letteri, a member of KKR’s Technology, Media & Telecommunications industry team, will be joining Cherwell’s board of managers.

    “The IT service management market is a large and rapidly growing sector undergoing a period of disruption as

    Read More »from Cherwell Software Secures $50 Million Investment from KKR to Further Advance Service Management Leadership
    Contact:

    Media Contact
    Christy Vojvodich, Cherwell Software
    Phone: +1 (719) 822-4345
    Email: media@cherwell.com
  • Bionik Laboratories Appoints Malcolm G. Bock as Vice President of Engineering  

    - R&D leader with over 25 years of experience in the medical device industry -  

    - Successful track record of bringing proprietary medical device products with clinically based value proposition to market -

    TORONTO and BOSTON, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Bionik Laboratories Corp. (BNKL) (“Bionik” or the "Company"), a global pioneering robotics company focused on providing rehabilitation and mobility solutions to individuals with neurological disorders, announced today that it has appointed Malcolm G. Bock as Vice President of Engineering. Mr. Bock is an established and experienced leader in the development of medical devices.

    “We are excited to welcome Malcolm to our company as VP of Engineering. His engineering expertise and successful track record of bringing products from concept to market will be of great value in advancing on our growth strategy,” stated Peter Bloch, Chief Executive Officer and Chairman of the Board. “This appointment is a notable step forward for the

    Read More »from Bionik Laboratories Appoints Malcolm G. Bock as Vice President of Engineering  
    Contact:

    Bionik Laboratories Corp. Investor and Media Contact:
    Jenene Thomas
    Jenene Thomas Communications, LLC
    (908) 996-0239
    jenene@jenenethomascommunications.com
  • PeerIQ Partners With 1010data to Offer Hosted Normalized Online Lending Data

    Data Partnership to Allow Online Lending Investors to Easily Analyze and Build Applications on 1010data’s Industry Standard Data Analytics Platform

    NEW YORK--(BUSINESS WIRE)--

    PeerIQ, a leading provider of data and analytics to the online lending sector, today announced a new data partnership with 1010data, offering the only integrated cloud platform that combines self-service data management and analytics at scale with ready-to-use data. The two companies will provide investors with turnkey access to the highest quality loan-level data from online lending platforms. This will simultaneously increase research productivity and reduce costs associated with analyzing whole-loans and securities. Leveraging PeerIQ’s universal data models and lender-specific data cleaning processes, the partnership also broadens 1010data’s ability to provide its customers with access to loan-level data in another consumer credit capital markets sector.

    This Smart News Release features multimedia. View the full release here:

    Read More »from PeerIQ Partners With 1010data to Offer Hosted Normalized Online Lending Data
    Contact:
    for 1010data
    Gaby Perez-Silva, 714-369-2920
    gaby@bospar.com
    or
    PeerIQ
    Kevin Reed, 646-694-8004
    kevin@peeriq.com

  • [$$] Swiss Central Bank Defends Use of High-Denomination Banknotes

    ZURICH—A top official at the Swiss National Bank on Monday defended the use of high-denomination bank notes, saying they are “a considerable benefit” to the public.

    “As the supplier of Swiss franc bank notes, the SNB thus takes the view that the reports about the death of cash are not just exaggerated—they are unfounded. The SNB has no plans whatsoever to do away with cash,” said SNB Vice Chairman Fritz Zurbrügg in prepared remarks to a conference in Basel, Switzerland.

    Other jurisdictions have taken steps to reduce the use of large bank notes.

    In the eurozone, the European Central Bank said last year that it would stop producing €500 notes, though they would remain legal tender. India said in November that it would replace its largest bank notes with new ones to thwart counterfeiting and corruption.

    [R}eports about the death of cash are not just exaggerated—they are unfounded.

    SNB Vice Chairman Fritz Zurbrügg

    Even in the

    Read More »from [$$] Swiss Central Bank Defends Use of High-Denomination Banknotes
  • Critical information for the U.S. trading day

    GettyDMAMBMCMDMEMGZBZDZQZRZSZTZU

    Blue chips have been on bullish bender of a winning streak this month, riding investor complacency to 11-straight winning sessions. Apparently, Donald Trump isn’t jangling the nerves of investors quite like he is riling up his detractors. Not yet, anyway.

    Read:Why Wall Street isn’t worrying about the market’s tight trading range at this point.

    Of course, that could all change this week, according to part one of our call of the day from portfolio manager Cam Hui of the Humble Student of the Markets blog. Hui warns that President Trump’s address to Congress on Tuesday will likely trip the market’s volatility switch and potentially bring the current stretch of wins to an abrupt halt.

    “The stock market has rallied substantially in anticipation of Trump’s proposal of tax cuts, tax holiday for offshore cash repatriation and deregulation,” Hui explains. “As Trump’s tax reform proposals become more clear, it is becoming

    Read More »from How Trump talk Tuesday could end this ‘suckers’ rally’ in stocks
  • CORAL GABLES, Fla., Feb. 27, 2017 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (CPRX), (Catalyst) a biopharmaceutical company focused on  developing  and  commercializing  innovative  therapies  for  people  with  rare  debilitating diseases, today announced that  it  has  joined  forces  with  30  million  Americans  and  health  care  advocates around the world for Rare Disease Day® on February 28. Rare Disease Day is an annual awareness day dedicated to elevating public understanding of rare diseases and calling attention to the special challenges they present to patients and families.

    Catalyst continues to support patient organizations that provide disease awareness for Lambert-Eaton Myasthenic Syndrome (LEMS) and Congenital Myasthenic Syndromes (CMS). These are rare diseases in which patients are often misdiagnosed with other diseases prior to getting a definitive diagnosis, thus educating the patient and physicians at medical congresses is an important outreach to the

    Read More »from Catalyst Pharmaceuticals Supports Rare Disease Day® and Joins Global Movement to Raise Important Awareness for Rare Diseases
    Contact:

    Investor Contact
    Brian Korb
    The Trout Group LLC
    (646) 378-2923
    bkorb@troutgroup.com

    Company Contact
    Patrick J. McEnany
    Catalyst Pharmaceuticals
    Chief Executive Officer
    (305) 420-3200
    pmcenany@catalystpharma.com

    Media Contacts
    David Schull
    Matt Middleman, M.D.
    Russo Partners
    (212) 845-4271
    (212) 845-4272
    david.schull@russopartnersllc.com
    matt.middleman@russopartnersllc.com
  • Family of Live Updateable Controllers for Digital Power Expanded

    The dsPIC33EP128GS808 Digital Signal Controller Family now Offers up to 128 KB of Flash while Enabling Firmware Updates to Power Supplies with Zero Down-Time

    CHANDLER, Ariz., Feb. 27, 2017 (GLOBE NEWSWIRE) -- The latest high-performance, live updateable dsPIC® digital signal controller (DSC) family is now available from Microchip Technology Inc. (MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions. The new dsPIC33EP128GS808 devices have up to 128 KB of dual-partition Flash memory with live update capability, advanced analog features and enhanced Core Independent Peripherals (CIPs) suitable for high-end digital power applications such as AC/DC power supplies, DC-DC converters, power inverters and advanced lighting applications.

    These devices offer high-resolution pulse width modulators optimized for digital power applications. In addition, the devices include advanced analog features and peripherals. There are five separate high-speed 12-bit Analog-to-Digital Converter (ADC) modules each with 300 ns conversion latency. Up to 22 input channels are shared across these five ADC units. There are also

    Read More »from Family of Live Updateable Controllers for Digital Power Expanded
    Contact:

    Editorial Contact:
    Sarah Broome
    480-792-4386
    Sarah.broome@microchip.com

    Reader Inquiries:
    1-888-624-7435
  • NEUCHATEL, Switzerland--(BUSINESS WIRE)--

    Masimo (MASI) announced today the findings of a recent study conducted on low-risk patients undergoing colorectal surgery, in which researchers assessed the utility of noninvasive and continuous Masimo PVi® (Pleth Variability Index) monitoring to guide fluid management, as compared to esophageal Doppler, an invasive method. The researchers found no significant difference between the two technologies in mean total fluid administered and concluded that “PVi offers an entirely noninvasive alternative for goal-directed therapy in this group of patients.”1

    In the study, Dr. Warnakulasuriya and colleagues at York Teaching Hospital in York, United Kingdom, evaluated the performance of Masimo PVi monitoring in guiding fluid management, as compared to that of an established technology, esophageal Doppler. Forty low-risk patients undergoing elective

    Read More »from New Study Assesses the Utility of Masimo PVi® Monitoring During Colorectal Surgery
    Contact:
    Masimo
    Evan Lamb, 949-396-3376
    elamb@masimo.com

Blog Posts by Deepak Shenoy

  • The self-driving car business could become a major threat to insurance companies when the technology hits the market, billionaire investor Warren Buffett told CNBC's " Squawk Box " on Monday.

    If autonomous vehicles prove to be safer than regular cars, insurance costs will plummet, and by the time roads are filled with self-driving cars insurers like Geico will have taken a serious hit, Buffett said.

    Buffett, chairman and CEO of Berkshire Hathaway (BRK-A), spoke at length Monday morning.




    More From CNBC
    Read More »from Buffett has an interesting theory about why self-driving cars will hurt the insurance industry
  • Aviat Networks Selects MaxLinear for New WTM 4000, the Highest Capacity Microwave Radio Ever

    • MaxLinear’s MxL1105 CMOS transceiver and MxL85650 baseband SoC enable Aviat WTM 4000 to deliver 2.5Gbps uncompressed throughput per radio transceiver

    BARCELONA, Spain--(BUSINESS WIRE)--

    MaxLinear Inc. (NYSE: MXL), a leading provider of radio frequency (RF) and mixed-signal integrated circuits for the connected home and wired and wireless infrastructure markets, today announced that Aviat Networks, (AVNW), has selected the MxL1105 CMOS transceiver and MxL85650 baseband SoC for its new WTM 4000 microwave radio.

    The WTM 4000 is the highest capacity microwave radio ever produced, offering up to 2.5Gbps uncompressed throughput per radio transceiver. This represents a breakthrough in microwave backhaul performance for wireless networks.

    Aviat Networks is a global provider of microwave networking products and services to service providers, government agencies, energy and transportation companies and enterprises. The WTM 4000 is the industry’s first purpose-built IP-software defined networking (SDN) radio with an integrated

    Read More »from Aviat Networks Selects MaxLinear for New WTM 4000, the Highest Capacity Microwave Radio Ever
    Contact:
    MaxLinear Inc. Press Contact:
    The David James Agency LLC
    David Rodewald, 805-494-9508
    david@davidjamesagency.com
    or
    MaxLinear Inc. Corporate Contact:
    Brendan Walsh, 760-692-0711
    Vice President of Wireless Infrastructure Business
    bwalsh@maxlinear.com

  • COLORADO SPRINGS, Colo., Feb. 27, 2017 (GLOBE NEWSWIRE) -- Cherwell Software, LLC, a leading provider of IT service management (ITSM) solutions, announced today that it has secured $50 million in funding from KKR, a global investment firm. KKR is making the investment through its Next Generation Technology Fund, which focuses on investments in software, security, Internet, digital media, and information services.

    KKR joins existing Cherwell investor, Insight Venture Partners, which has made a series of investments beginning in 2012. With the support of KKR’s funding, Cherwell will accelerate research and development and make strategic investments aimed at broadening and deepening its portfolio of IT and enterprise service management offerings.

    Vini Letteri, a member of KKR’s Technology, Media & Telecommunications industry team, will be joining Cherwell’s board of managers.

    “The IT service management market is a large and rapidly growing sector undergoing a period of disruption as

    Read More »from Cherwell Software Secures $50 Million Investment from KKR to Further Advance Service Management Leadership
    Contact:

    Media Contact
    Christy Vojvodich, Cherwell Software
    Phone: +1 (719) 822-4345
    Email: media@cherwell.com
  • Bionik Laboratories Appoints Malcolm G. Bock as Vice President of Engineering  

    - R&D leader with over 25 years of experience in the medical device industry -  

    - Successful track record of bringing proprietary medical device products with clinically based value proposition to market -

    TORONTO and BOSTON, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Bionik Laboratories Corp. (BNKL) (“Bionik” or the "Company"), a global pioneering robotics company focused on providing rehabilitation and mobility solutions to individuals with neurological disorders, announced today that it has appointed Malcolm G. Bock as Vice President of Engineering. Mr. Bock is an established and experienced leader in the development of medical devices.

    “We are excited to welcome Malcolm to our company as VP of Engineering. His engineering expertise and successful track record of bringing products from concept to market will be of great value in advancing on our growth strategy,” stated Peter Bloch, Chief Executive Officer and Chairman of the Board. “This appointment is a notable step forward for the

    Read More »from Bionik Laboratories Appoints Malcolm G. Bock as Vice President of Engineering  
    Contact:

    Bionik Laboratories Corp. Investor and Media Contact:
    Jenene Thomas
    Jenene Thomas Communications, LLC
    (908) 996-0239
    jenene@jenenethomascommunications.com
  • PeerIQ Partners With 1010data to Offer Hosted Normalized Online Lending Data

    Data Partnership to Allow Online Lending Investors to Easily Analyze and Build Applications on 1010data’s Industry Standard Data Analytics Platform

    NEW YORK--(BUSINESS WIRE)--

    PeerIQ, a leading provider of data and analytics to the online lending sector, today announced a new data partnership with 1010data, offering the only integrated cloud platform that combines self-service data management and analytics at scale with ready-to-use data. The two companies will provide investors with turnkey access to the highest quality loan-level data from online lending platforms. This will simultaneously increase research productivity and reduce costs associated with analyzing whole-loans and securities. Leveraging PeerIQ’s universal data models and lender-specific data cleaning processes, the partnership also broadens 1010data’s ability to provide its customers with access to loan-level data in another consumer credit capital markets sector.

    This Smart News Release features multimedia. View the full release here:

    Read More »from PeerIQ Partners With 1010data to Offer Hosted Normalized Online Lending Data
    Contact:
    for 1010data
    Gaby Perez-Silva, 714-369-2920
    gaby@bospar.com
    or
    PeerIQ
    Kevin Reed, 646-694-8004
    kevin@peeriq.com

  • [$$] Swiss Central Bank Defends Use of High-Denomination Banknotes

    ZURICH—A top official at the Swiss National Bank on Monday defended the use of high-denomination bank notes, saying they are “a considerable benefit” to the public.

    “As the supplier of Swiss franc bank notes, the SNB thus takes the view that the reports about the death of cash are not just exaggerated—they are unfounded. The SNB has no plans whatsoever to do away with cash,” said SNB Vice Chairman Fritz Zurbrügg in prepared remarks to a conference in Basel, Switzerland.

    Other jurisdictions have taken steps to reduce the use of large bank notes.

    In the eurozone, the European Central Bank said last year that it would stop producing €500 notes, though they would remain legal tender. India said in November that it would replace its largest bank notes with new ones to thwart counterfeiting and corruption.

    [R}eports about the death of cash are not just exaggerated—they are unfounded.

    SNB Vice Chairman Fritz Zurbrügg

    Even in the

    Read More »from [$$] Swiss Central Bank Defends Use of High-Denomination Banknotes
  • Critical information for the U.S. trading day

    GettyDMAMBMCMDMEMGZBZDZQZRZSZTZU

    Blue chips have been on bullish bender of a winning streak this month, riding investor complacency to 11-straight winning sessions. Apparently, Donald Trump isn’t jangling the nerves of investors quite like he is riling up his detractors. Not yet, anyway.

    Read:Why Wall Street isn’t worrying about the market’s tight trading range at this point.

    Of course, that could all change this week, according to part one of our call of the day from portfolio manager Cam Hui of the Humble Student of the Markets blog. Hui warns that President Trump’s address to Congress on Tuesday will likely trip the market’s volatility switch and potentially bring the current stretch of wins to an abrupt halt.

    “The stock market has rallied substantially in anticipation of Trump’s proposal of tax cuts, tax holiday for offshore cash repatriation and deregulation,” Hui explains. “As Trump’s tax reform proposals become more clear, it is becoming

    Read More »from How Trump talk Tuesday could end this ‘suckers’ rally’ in stocks
  • CORAL GABLES, Fla., Feb. 27, 2017 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (CPRX), (Catalyst) a biopharmaceutical company focused on  developing  and  commercializing  innovative  therapies  for  people  with  rare  debilitating diseases, today announced that  it  has  joined  forces  with  30  million  Americans  and  health  care  advocates around the world for Rare Disease Day® on February 28. Rare Disease Day is an annual awareness day dedicated to elevating public understanding of rare diseases and calling attention to the special challenges they present to patients and families.

    Catalyst continues to support patient organizations that provide disease awareness for Lambert-Eaton Myasthenic Syndrome (LEMS) and Congenital Myasthenic Syndromes (CMS). These are rare diseases in which patients are often misdiagnosed with other diseases prior to getting a definitive diagnosis, thus educating the patient and physicians at medical congresses is an important outreach to the

    Read More »from Catalyst Pharmaceuticals Supports Rare Disease Day® and Joins Global Movement to Raise Important Awareness for Rare Diseases
    Contact:

    Investor Contact
    Brian Korb
    The Trout Group LLC
    (646) 378-2923
    bkorb@troutgroup.com

    Company Contact
    Patrick J. McEnany
    Catalyst Pharmaceuticals
    Chief Executive Officer
    (305) 420-3200
    pmcenany@catalystpharma.com

    Media Contacts
    David Schull
    Matt Middleman, M.D.
    Russo Partners
    (212) 845-4271
    (212) 845-4272
    david.schull@russopartnersllc.com
    matt.middleman@russopartnersllc.com
  • Family of Live Updateable Controllers for Digital Power Expanded

    The dsPIC33EP128GS808 Digital Signal Controller Family now Offers up to 128 KB of Flash while Enabling Firmware Updates to Power Supplies with Zero Down-Time

    CHANDLER, Ariz., Feb. 27, 2017 (GLOBE NEWSWIRE) -- The latest high-performance, live updateable dsPIC® digital signal controller (DSC) family is now available from Microchip Technology Inc. (MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions. The new dsPIC33EP128GS808 devices have up to 128 KB of dual-partition Flash memory with live update capability, advanced analog features and enhanced Core Independent Peripherals (CIPs) suitable for high-end digital power applications such as AC/DC power supplies, DC-DC converters, power inverters and advanced lighting applications.

    These devices offer high-resolution pulse width modulators optimized for digital power applications. In addition, the devices include advanced analog features and peripherals. There are five separate high-speed 12-bit Analog-to-Digital Converter (ADC) modules each with 300 ns conversion latency. Up to 22 input channels are shared across these five ADC units. There are also

    Read More »from Family of Live Updateable Controllers for Digital Power Expanded
    Contact:

    Editorial Contact:
    Sarah Broome
    480-792-4386
    Sarah.broome@microchip.com

    Reader Inquiries:
    1-888-624-7435
  • NEUCHATEL, Switzerland--(BUSINESS WIRE)--

    Masimo (MASI) announced today the findings of a recent study conducted on low-risk patients undergoing colorectal surgery, in which researchers assessed the utility of noninvasive and continuous Masimo PVi® (Pleth Variability Index) monitoring to guide fluid management, as compared to esophageal Doppler, an invasive method. The researchers found no significant difference between the two technologies in mean total fluid administered and concluded that “PVi offers an entirely noninvasive alternative for goal-directed therapy in this group of patients.”1

    In the study, Dr. Warnakulasuriya and colleagues at York Teaching Hospital in York, United Kingdom, evaluated the performance of Masimo PVi monitoring in guiding fluid management, as compared to that of an established technology, esophageal Doppler. Forty low-risk patients undergoing elective

    Read More »from New Study Assesses the Utility of Masimo PVi® Monitoring During Colorectal Surgery
    Contact:
    Masimo
    Evan Lamb, 949-396-3376
    elamb@masimo.com

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