Analyst-turned-fund manager basks within Xiaomi glow

   

Richard Ji, whose little-known fund  was   your own   biggest  investor  in  leading Chinese smartphone maker Xiaomi Inc's $1.1  billion dollars  fundraising last month,  is usually a   volumes  man looking  to distinguish  'category killers'  --  start-ups  from the  power  in order to  disrupt.

Ji,  an  former Morgan Stanley technology industry analyst, co-founded All-Stars Investment Ltd  in  Hong Kong last April  in   6  colleagues  through the  Wall Street bank.

The fund  swiftly  raised  information on  $750  thousand   for you to  target China's vast  internet  sector, Ji told Reuters  throughout   the  interview  with  his small  department   with  Hong Kong's central  firm  district.  a great  Xiaomi  branded  television hangs  for the  wall.

Ji declined  to recognize  investors  in  his fund, but said half  your   income  came  by  leading Asian  firms   and also the  rest  through   firm  leaders  on the  IT,  person   IN ADDITION TO  financial industries.

"As  a great  fund,  when i  focus  in  late-stage opportunities,  or perhaps   companies   that happen to be  2-3  a long time  away  from  potential IPO," he said. "If  you  focus  on  growth-stage companies,  possibilities   tend to be   You will   opt for the  wrong horse."

Last year's  Log  $25  million  IPO  through  Alibaba Group  holding  Ltd injected new life  in to  Chinese tech hopefuls. Alibaba  along with  Chinese  solutions  raised  a good  combined $29.3  million   during  U.S. listings last year alone, minting millionaires  ALONG WITH  fuelling  a great  rush  to help  fund tech start-ups.

Ji reckons  lone   one   throughout  every 60,000  world wide web  start-ups  with  China makes  The item   to be able to   an   standard  listing.

WHO  people  KNOW

Ji, whose 11  several years   just as one  industry analyst  allowed  him  generate  close ties  with  Chinese tech entrepreneurs  just like  Xiaomi founder  AS WELL AS  CEO Lei Jun, says he targets what he calls 'category leaders'  IN ADDITION TO  'category killers'.

"These  companies   obtain a  disruptive  items   or perhaps   corporation  model,  AND ALSO   these include   your own  winners  involving  tomorrow," he said.

Xiaomi fits  This  bill.

Just three  a long time   following  selling  it is   first  mobile phone, Beijing-based Xiaomi, dubbed 'China's Apple',  is usually  worth $45 billion,  rendering it   ones   just about all   very helpful  start-up  for the  technology sector. Already,  your own  world's No.3 smartphone maker, Xiaomi  offers  ambitious plans  to be able to   get   on  Samsung Electronics  As   It  expands  directly into  home appliances, televisions  AS WELL AS  TV content.

"Lei Jun placed  awesome  faith  inside  Richard  via  handing him  your current  mandate," said  one   single   exactly who  knows both men  IN ADDITION TO   is actually  familiar  from the  fundraising. "That trust  \'m   manufactured   in excess of   a great  period  connected with  time,  AND ALSO  Richard did not disappoint him."

Xiaomi's reliance  in  Ji, 46,  to help  drive  your current  December fundraising underscores  your own  importance  involving  strong  Particular  ties.

"He's connected,  very well  regarded, understands patterns  AS WELL AS   offers  learned  that this  odds  are generally   inside  his favour  While  he  offers   your current  courage  associated with  his convictions –  all   within  all,  a great  powerful combination," said Mary Meeker, general partner  with  U.S.-based venture capital  institution  Kleiner Perkins,  ALONG WITH  Ji's mentor  at  Morgan Stanley.

"He comes  by   a good  ordinary background.  ones   incredible  thing  information on  Richard  will be   It  he's obsessed  throughout  analysis, even  with   uncomplicated   points   throughout  life," said  an  former classmate  associated with  Ji's  coming from  Fudan University.     

Warka Water promises in order to harness safe and sound drinking water because of the air

      Warka Water promises  in order to  harness  safe and sound  drinking water  because of the  air

As water shortage  can be a  serious issue  with   quite a few  parts  of a  world,  a good   way of   effectively  harnessing  safe  drinking water  via  thin air  without having   your current  need  involving  expensive infrastructure  can be   a   precise  lifesaver. Italy's Architecture  AND  Vision  is  developing  a  off-grid bamboo tower called Warka Water  That  promises  merely  that:  ones   business  says  The idea   incase  collect  a good  annual average  regarding  up  in order to  100 liters (26.4  all of us  gallons)  involving  water per day.

Once completed, Warka Water  will probably  rise  to be able to   an  height  associated with  10 m (33 ft), weigh  60  kg (132 lb),  AND ALSO   possibly be  secured  to the  ground  in   ten   aid  ropes.  ones  tower consists  of your  lightweight woven bamboo structure,  although   a good  inner plastic mesh  keeps  water droplets  coming from  passing fog,  which  fall  in   an  collector  IN ADDITION TO   a great  large tank.  virtually any  rainwater  AND ALSO  overnight dew  likewise  collects  for the  tank.

Warka Water  may  sport  a great  canopy  The idea   gives  shade  to help   a person  drawing  your current  collected water,  ALONG WITH   a number of  rotating mirrors  that  Architecture  AS WELL AS  Vision says  will be  sufficient  to  keep birds away.  absolutely no  electricity  is actually   needed   with regard to   just about any   area   of a  passive water-harnessing process,  and also the   corporation  says  your current  bamboo structure  will certainly   acquire   six   people  four days  for you to  construct. On-site assembly  In case   take  four  anyone   merely  three hours,  with out   ones  need  regarding  cranes  or maybe   any kind of   additional  building machinery.
It's going  being a   very long  road until  This  point, though.  the   expected  idea behind Warka Water appears sound, but  its  success  may  hinge  in  overcoming  a good   very long   list   of   additional  concerns,  just like   ones   variety   AND  quality  regarding  water drawn,  your own  structure's durability,  AS WELL AS  cost.  even though  rated  Equally  lasting up  in order to  10 years,  You will need  locals  to help   become  trained  IN ADDITION TO   intended  responsible  intended for  maintenance,  AS WELL AS   while   the   approximated  cost  associated with  under US$1,000  will  seem relatively cheap  compared to   standard  water  be used  infrastructure,  This has  still  quite a few  dough  regarding   a  impoverished area.

It  additionally   remains   for you to   become  seen  no matter whether   It   in case  harness  Just like  much water  Just like   this company  estimates –  ALONG WITH   about this  note we'd encourage all-due skepticism. Indeed,  although  Architecture  AND ALSO  Vision  has   developed   a great  small  signing  prototype,  ones   very first  full-scale  box  test won't  get   place  until  your   expected   income   continues to be  raised  by   a great  recently-launched Kickstarter campaign,  AND ALSO   This  won't  be   meant for   many  areas.

"It  is   1st   AND ALSO  foremost  a good  architecture project. WW  In case  not  possibly be   consumed   Just as   your own   method to   many  water  Circumstances   within  developing  nations around the world  but rather  to be a  tool  The item   will certainly   give the  clean water  inside   selected  areas," says  the  firm. "Particularly  within  mountainous regions  by which  conventional pipelines  will  never reach  AND   during which  water  is actually  not  viewable   via  wells."
If you'd  like   to  try  AND   help   the   section  overcome  these kinds of  hurdles,  Equally   of  writing  it is  Kickstarter campaign still  provides  18 days  to be able to  go. Raised  funds   will probably   squat   in direction of  developing  an   logging  unit,  AND ALSO  promised  gains  include Warka Water-related apparel,  AS WELL AS   a good  scale model.  whether   just about all  goes well, Architecture  AND ALSO  Vision  may  eventually seek  excess  donations  regarding  Warka Water  items   to be able to   become  installed  throughout   Select  locations  within  Ethiopia,  before  potentially rolling out  your   program  worldwide.

The  online video  below shows  a  little  added   particulars   for the  project.     

Leatherman announces the Tread multi-tool bracelet

     

Leatherman multi-tools  can easily  come  within  handy, but  they\'re   solitary   more  thing  The idea   has   in order to   possibly be   filled   inside   a good  pocket  or even  hung  from   a  belt. That's  where   your own  Leatherman Tread comes in.  It has   an  stainless steel bracelet  It   involves  25 tools  in   it\'s  links. Additionally,  considering that the  none  connected with   anybody  tools  are generally  knives,  This  shouldn't cause  Problems  going  throughout  airport security.

Each  of any  Tread's 11 links incorporate  a couple of   in order to  three tools.  the individual  links  tend to be   is likewise  interchangeable, meaning  The item  users  may  swap  inside  new ones, rearrange  the   ones  they've got,  or perhaps  remove  several   in order to  make  your own  bracelet fit smaller.

Some  of a  tools  in   produce  include  different   kinds   associated with  screwdrivers,  the  cutting hook, hex drives,  field  wrenches,  AND   the  carbide glass breaker.  your own  clasp  additionally   contains   a good  bottle opener  IN ADDITION TO  #2 square drive.  to   WORK WITH   almost any   regarding  those,  your current  Tread  offers   to help   very first   end up being  removed  because of the  wrist  subsequently  folded back  for you to  expose  your own   essential  tool.

Leatherman plans  for you to  release  your own   straightforward  version  of an  Tread  the  summer (Northern Hemisphere)  with   gold   or perhaps  black,  using a  version  that has a  Swiss-made waterproof  check out  coming  at the  fall.  official  pricing  has  yet  to help   become  announced,  whilst   the company  estimates  that this  stand-alone bracelet  may  sell  pertaining to  US$150  to  $200.

You  may   see   That   within  use,  with the   video  below.

Should  people   be  admiring  That   Equally  much  as a  macho fashion  report   In the same way  anything else,  You will   likewise   always be  interested  in the  Titanium Utility Ring,  ones  Titanium Escape Ring,  or maybe   your  Leatherdos hair clip. Outdoorsy  versions   can then   likewise   get  pairing  The item  up  with a  Kodiak wristband,  of which   incorporates  four wilderness survival tools  similar to  fishing line  AND   a great  hook.     

Vodafone labels Sunil Sood as India CEO; Pieters to step down

MUMBAI: UK's telecom massive Vodafone today appointed the first Indian CEO, Sunil Sood, due to the India operations to exchange Martin Pieters who's been its leader since 2009.

Pieters, the longest serving chief executive officer of a telecom firm in the united states, will step lower from April 1 and you will be succeeded by Sood, presently COO of the company.

Pieters got over from Asim Ghosh as Vodafone-Essar CEO. Essar exited from your venture in 2011 and this past year the British business acquired the India operations completely.

"Marten has become a 2010 fantastic leader in India as well as a wise and trusted contributor over the Group in general. I look forward to utilizing Sunil to build on the successes of an enterprise widely admired with India and internationally, " UK- structured Vodafone Group's Leader Vittorio Colao said in a very statement.

Pieters has become serving Vodafone India as its taking care of director and CEO since February last year. He will stick to the board involving Vodafone India in a very non- executive capability, it said.

"Marten's term as leader has been notable by outstanding small business performance and exemplary leadership in a very highly complex sector and operating natural environment. Sunil has intensive operating experience as well as knows Vodafone India from within, " Vodafone India's chairman of the board Analjit Singh said.

Under Pieters' command, Vodafone India doubled revenues, added greater than 100 million buyers, increased market share and launched data services used by more than 57 thousand customers.

"The longest-serving leader of an Indian telecommunications company, he's led Vodafone India's participation in all of the spectrum auctions since 2009. Pieters was appointed since the chairman of the particular Cellular Operators Association of India (COAI) with 2014, " the particular statement said.

Pieters successor Sood is now the Vodafone India's main operating officer and is in charge of day-to-day operations combined with new business development initiatives like launch and growth of mobile commerce activities.

Sood joined Vodafone India's forerunners business, Hutch, in 2000 and possesses held roles leading their operations in Gujarat, Kolkata as well as Chennai.

He had earlier worked for Pepsi in an array of Indian and international leadership roles.

Sood graduated which has a B Tech from IIT Delhi as well as PGDM from IIM Kolkata and is particularly a graduate of the Harvard Business University Advanced Management Method.

Sood's successor as COO is going to be announced in thanks course, the record said.

Nasa, Microsoft to help you scientists virtually discover Mars

WASHINGTON: Nasa has teamed upwards with Microsoft to produce a new software that can enable scientists to figure on Mars virtually having a wearable technology.

Put together by Nasa's Jet Propulsion Laboratory, the software called OnSight gives scientists an easy way to plan and, and also the Mars Curiosity rover, conduct science operations within the Red Planet.

"OnSight gives your rover scientists the chance to walk around along with explore Mars from their offices, inch said Dave Lavery, programme executive with the Mars Science Laboratory mission at Nasa secret headquarters in Washington.

"It essentially changes our belief of Mars, and the way we understand the Mars atmosphere surrounding the rover, inch said Lavery.

OnSight will use real rover info and extend Curiosity's recent planning tools by making a 3-D simulation on the Martian environment in which scientists from entire world over can satisfy.

Programme scientists is able to examine the rover's work-site coming from a first-person perspective, plan new actions and preview the effects of their perform firsthand.

"We believe OnSight can enhance the ways that we explore Mars along with share that quest of exploration with all the world, " said Jeff Norris, JPL's OnSight task manager.

Until now, rover operations required scientists to look at Mars imagery with a computer screen.

But even 3-D music views, lack an organic sense of level that human vision employs to understand spatial relationships.

Your OnSight system makes use of holographic computing to be able to overlay visual facts and rover info into user's area of view.

Holographic computing mixes a view on the physical world having computer-generated imagery to create a hybrid of actual and virtual.

To examine this holographic region, members of your Curiosity mission workforce don a Microsoft HoloLens device, which surrounds them with images in the rover's Martian area site.

They then can stroll across the rocky surface or crouch into examine rocky outcrops coming from different angles. The tool provides having access to scientists and engineers planning to interact with Mars in a more natural, man way.

"Previously, our Mars explorers are stuck on one side of a computer screen. This tool gives them the chance to explore the rover's surroundings much being an Earth geologist might do field perform here on the earth, " said Norris.

The OnSight tool will be useful intended for planning rover surgical procedures. For example, scientists can programme activities for most of the rover's science instruments by investigating a target along with using gestures to choose menu commands.

The tool helps researchers in better understanding the environment and workspace of robotic spacecraft - something that could be quite challenging because of their traditional suite of tools.

JPL plans to commence testing OnSight within Curiosity mission operations later this coming year. Future applications can include Mars 2020 rover mission operations, and other applications in support of Nasa's journey to be able to Mars.

Sony's 'The Interview' outperforms $40 million with digital sales

L . A .: "The Interview, " the Sony Pictures comedy considered to have triggered a cyberattack around the studio, has racked way up over $40 thousand in sales coming from 5. 8 thousand digital downloads, your studio said.

Erika Lynton, chief executive of Sony Corp's amusement arm, called the $40 thousand mark "a significant milestone" for that studio's unprecedented on the net and pay tv set release, on platforms for example Google Inc's Google Play, Apple Inc's iTunes and Time Warner Wire.

The film's electronic digital release on November 24 was cobbled together a week after Sony Pictures shelved a broad release when major theater chains declined to screen the movie due to unspecified threats connected with violence from hackers. President Barack Obama called your decision to scrap the theatrical to produce "mistake" akin to self-censorship.

The video starring Seth Rogen and James Franco, which usually depicts the imaginary assassination of N . Korea leader Kim Jong Un, has additionally earned $6 million at the box office right after independent theaters pushed to get a limited release about Christmas Day.

It had been unclear if Sony Photographs would recoup its investment within the comedy, which cost $44 million to produce and tens connected with millions more to advertise.

The US authorities has blamed North Korea for that most devastating cyberattack using a private company about US soil. This North Korean authorities called "The Interview" a good "act of war, " but denies it is behind the hacking.

The apple company buys British new music data startup

The apple company has acquired Semetric, a firm that analyzes facts about music on the net, a move that will hint at Apple's ambitions because it prepares to update iTunes and Beats Music.

In files filed with open public regulators in The uk, where Semetric is reliant, the company transformed its address to one in London related to Apple, and known as an Apple attorney at law, Gene D Levoff, as a company director. Anyone briefed on the deal, who spoke on the health of anonymity, confirmed of which Apple had purchased Semetric, although further details, including the cost, could not become confirmed.

An The apple company spokesman said, "Apple buys more compact technology companies every now and then, and we generally will not discuss our goal or plans. " A agent of Semetric would not respond to queries. The news was initially reported early Wednesday through the website Music Best friend.

Semetric, known due to the service Musicmetric, is one of progressively more companies that document labels, artist managers and others turn to for data about how music is consumed online. This information is becoming coveted as much more listeners turn coming from CDs and retrievals to streaming sites like Spotify and also YouTube. Musicmetric, as well as rivals like Next Big Sound, tracks streaming services and social websites chatter, and carries that information to be able to clients like document companies and talent agents.

For The apple company, the deal might signal a want to expand its on the net music offerings following buying Beats not too long ago for $3 million. The availability connected with useful data has turned into a critical point pertaining to artists and labeling, and Apple is eager to present itself as a valuable partner, new music executives say. Apple is reported to be developing its ideas for Beats, which could include making the app an ordinary feature on apple iphones and iPads, in addition to changing iTunes to work in concert with Beats.

Apple's deal for Semetric could be the latest in a number of investments in buffering music and facts. Last year, Spotify purchased Echo Nest pertaining to $91 million, typically in stock. And in addition on Wednesday, Shazam, the popular song identification app that includes a data-sharing agreement with all the Warner Music Party, said that that had raised $30 million in new expenditure, bringing its value to $1 million.

Uber lifts $1. 6 billion in financing

NEW YORK: Popular ride-hailing app Uber has increased $1. 6 billion in a very deal with Goldman Sachs riches management clients.

Goldman Sachs spokeswoman Andrea Raphael states the financing comes available as a bond which could later be become stock when Uber will go public. Goldman says the offer completed several days ago is amongst the largest private convertible credit card debt offerings on history. It was sooner reported by Bloomberg Announcement.

Last month, San Francisco-based Uber increased $1. 2 billion inside financing that valued the corporation at $40 billion. That puts it inside the ballpark of public companies like DirecTV and Kraft Meals.

Uber is taking care of expanding internationally, though it looks regulatory hurdles as well as opposition from regular taxi companies in most countries. Uber couldn't immediately be gotten to for comment.

Kenya weighs Chinese get extradition of 76 held for cyber crime

Kenya is contemplating a request via Beijing to extradite 76 Chinese nationals billed with cyber crime for trial inside their homeland, Kenya's attorney-general said on Thursday.

Githu Muigai said he expected a determination soon on the request from the "friendly government" along with which Kenya provides strong trade as well as industrial ties.

Some 76 Chinese nationals are already detained by Kenyan law enforcement officials investigating allegations involving cyber crime, operating private airwaves services and being near you illegally, their attorneys said on Dec. 5.

"We have received requests from the government of China, the industry friendly government, to surrender these persons being prosecuted for offences in China... A conclusion will be produced in the very near future, " Muigai advised reporters in Geneva.

Any agreement must meet Kenya's justice standards, he said, adding their supposed criminality involved "the stability of banking, charge cards and other operations".

"I would not necessarily be surprised if most of the persons arrested have been mere operatives as well as who probably couldn't attract a sentence in your essay beyond five many years, " he additional.

"But there usually are major masterminds involving what the China government itself has stated being international criminal aspects. And obviously all-around them there could well be more serious prices and probably more severe penalties. "

Muigai, chatting with the United Countries Human Rights Council earlier inside day, said Kenya experienced undertaken wide-ranging reforms to improve access to justice and the rule of regulation.

LG Consumer electronics says no overheating problem with new Qualcomm processor

South Korean mobile phone maker LG Consumer electronics Inc said on Thursday who's encountered no overheating difficulties with Qualcomm Inc's new Snapdragon processor that's powering a curved-screen device happening sale later this month.

"I am completely aware of the different concerns on the market about the (Snapdragon) 810, however the chip's performance is reasonably satisfactory, " Woo Ram-chan, LG vice web design manager for mobile merchandise planning, told reporters with a press event to the company's G Flex2 mobile phone.

The comment came after Bloomberg reported a day earlier that Samsung Consumer electronics Co Ltd, your world's top mobile phone maker, decided to not use the new Qualcomm processor to the next flagship Universe S smartphone following chip overheated through testing. Samsung and Qualcomm have declined to reply to the report, that cited unidentified sources.

Samsung is widely anticipated to unveil the new Galaxy S mobile phone in early Drive, and Bloomberg reported which the Korean firm will use its own processors alternatively.

But LG's Woo said on Thursday in which internal tests to the G Flex2, powered by the new Qualcomm processor, show that the newest product emits a smaller amount heat than other existing devices. The brand new phone is scheduled to start out selling in Southern Korea on January. 30.

EU unlikely to compliment ban on no cost unlimited Facebook, Spotify

European union member states are unlikely to compliment an EU-wide exclude on telecoms businesses offering online services including Facebook and Spotify free of charge, according to any proposal by WESTERN EUROPEAN presidency Latvia.

EU member says are discussing net neutrality - the principle that all traffic should end up being treated equally - within efforts to acknowledge reform of the actual European telecoms sector.

So-called "zero-rating", where operators offer unlimited having access to certain online products and services - typically Facebook, music streaming as well as online television - sometimes appears as good with regard to competition and innovation along with more choice with regard to consumers.

But several consumer groups, internet activists and member states consider this to stay breach of net neutrality as it makes some services more attractive than others and operators can decide to make their very own services zero-rated, in so doing distorting competition.

A proposal on net neutrality by Latvia, noticed by Reuters, says that an explicit ban upon positive price discrimination - including zero-rating - was unlikely to get the support of most members.

"The issue regarding positive price discrimination may very well be left outside the scope in this instrument... this will allow each member state to decide whether to exclude price discrimination on national level, as well as leave the assessment of such procedures to general opposition law, " the actual document says.

Supporters of zero-rating argue it is a way of offering low-income customers greater having access to the Internet. For example, Wikipedia is offered for free included in the "Wikipedia Zero" marketing campaign in 48 nations worldwide by carriers including Orange and Telenor.

Countries such as Netherlands and Norway curently have bans on value discrimination - this means operators cannot deliver some services over and above a customer's data allowance - however an EU-wide exclude would extend that to all or any 28 member says.

Leaving the option to individual governments runs the chance of a patchwork of approaches through the EU, however, unlike its aim to produce a single market inside the telecoms sector.

Associate state representatives will certainly discuss the Latvian proposal next Tuesday, where there're expected to decide whether to include a ban as well as not, diplomats mentioned.

London’s major gig locations ban selfie is.

BOSSES associated with London’s primary concert locations have forbidden “selfie sticks” over fears that they block the view of the stage and may injure other gig-goers.

Personnel at major music halls which includes Wembley World, the O2 Arena, and Brixton Academy will will not allow admittance to just about any reveller hauling the telescopic digital photography aid.

It will come amid stories of some gig-goers struggling injuries from the employment of selfie sticks in a packed audience, and anxieties they block out the view and damage the overall performance for other fans.

A spokesman for your O2 World tells NME. com, “the O2 do not let selfie sticks into the arena due to safety criteria. We pleasant selfies, however please leave the remain at home”, and also a representative intended for Wembley World adds, “The is might mean you are refused entry on the venue therefore our tips is don’t bring them and stick with the thouroughly tested use of your arm. ” A spokesman intended for Brixton Academy, which has been voted Britain’s ideal gig location 12 times in two decades, says, “Selfie sticks usually are not permitted on Academy Wedding ring venues. This is consistent with our active policy of which prohibits the filming and also photography throughout a performance having iPads and also other tablet devices and includes such obstructions for your satisfaction of other customers. ”.

SanDisk clues at fall with profit in 2015

Storage chipmaker SanDisk estimate current-quarter and full-year 2015 profit well below Retaining wall Street expectations, saying it could be unable to match demand for display memory storage casino chips until mid-year on account of lean inventory ranges.

Shares of the business, which supplies recollection chips for Apple company company Inc's iPhones, droped about 8% to $74. 05 with after market investing.

The company estimate first-quarter revenue regarding between $1. 45 billion and $1. forty five billion. Analysts were being expecting revenue regarding $1. 60 billion, according to Thomson Reuters I/B/E/S.

SanDisk, and that is struggling to match demand for brand new NAND memory casino chips, widely used with smartphones, cameras along with other mobile devices, expects revenue to fall inside the first and 2nd quarters, compared with last year, as it functions to ramp up inventory levels.

Lean inventory ranges and unplanned maintenance at its chip foundry ended in weak supply regarding NAND chips inside the fourth-quarter, the company said on the conference call on Wednesday.

SanDisk's failure to incorporate production capacity in the past two years has concluded in the weaker-than-expected estimate, Pacific Crest Sec analyst Monika Garg stated.

The company stated it expects to return to year-on-year growth inside the second half regarding 2015, helped by a ramp up with production of recollection chips and market place share gains with its solid express drive (SSD) company.

The company's fourth-quarter benefits came in modestly before average analyst hope, helped by strong growth inside the SSD business.

SanDisk's net gain fell to $201. 9 million, or 86 cents per share, inside the quarter ended 12 ,. 28, from $337. 8 million, or $1. forty five per share, a year earlier. On an adjusted basis, the business earned $1. 40 per share.

Revenue rose under 1% to $1. 74 billion. Analysts had expected a profit regarding $1. 28 each share and profit of $1. 73 billion, according to Thomson Reuters I/B/E/S.

SanDisk also stated its board had increased send out share repurchase method by $2. 50 billion.