DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 5399

End of an Era: Blackberry’s Unfortunate Demise

0

It used to be the best smartphone, with its email and other features, giving users the ability to do so many things new to mobile phones. There was the pin and ping feature connected to the Blackberry Messenger – bubbling and buzzing with consumers across its global markets.

About a decade into its short-lived era, BlackBerry was at the center of smartphone sales around the world. But its glorious days were abruptly disrupted, and the Canadian company didn’t see that coming nor was it prepared for it. Apple’s iPhones and Google’s Android usurped Blackberry’s smartphone’s market leadership with such an ‘ease’ buried in enticing new features forming part of emerging smartphones.

In 2016, Blackberry became a once-upon-a-time smartphone company that reigned supreme in the smartphone market but lost its reign to Apple and Google OS. The newcomers are not ready to give up a piece of their dominion and Blackberry’s only choice, which had been narrowed to remaining in the market, began to wane until the company called it quits.

BlackBerry reached the end of an era today, having pulled the plug on support for its classic smartphones some 22 years after the devices first hit the market.

This means, the smartphone’s support system will no longer function reliably. DailyMail reports on how the decision will affect consumers still using Blackberry.

The move will impact devices running BlackBerry 7.1 and earlier, BlackBerry 10 and BlackBerry PlayBook OS 2.1 — although Android-powered models will be unaffected.

Unsupported systems will stop receiving software updates and, as a result, will ‘no longer reliably function’, the firm warned in a statement released last September.

This, the Canadian company added, has the potential to affect core operations like the ability to send and receive calls (including to emergency services) and texts.

Data usage may also be affected, while applications like BlackBerry Link, Desktop Manager, World, Messenger and Blend will have ‘limited functionality’.

BlackBerry first hit the market in 2000 and became a must-have for professionals, as the smartphone allowed users to easily write and send emails.

The smartphones saw a dramatic increase in popularity from 2001 to 2007, as they made their way to new markets across the globe.

However, BlackBerry’s supremacy was topped in 2016, losing the title of top device to that of Apple’s ascendant iPhone.

The last version of the BlackBerry OS the firm released dated back to 2013, so the devices set to lose support are very old, Ars Technica have reported.

‘The termination of these service offerings and infrastructure will also impact functionality for applications,’ BlackBerry said in a statement.

These, they added, will include Enhanced Sim Based Licensing, Identity Based Licensing, BlackBerry-hosted email addresses and the original BlackBerry Protect, which let users locate, lock and wipe BBOS and BlackBerry 10 devices remotely.

‘There is no impact to the new BlackBerry Protect which is an AI-based endpoint security solution,’ the firm said.

In 2020, a Texas firm named OnwardMobility announced that it would be making a 5G Android-powered BlackBerry device with a full QWERTY keyboard to release in 2021 — however, the promised smartphone has yet to actually materialize.

‘Enterprise professionals are eager for secure 5G devices that enable productivity, without sacrificing the user experience,’ OnwardMobility CEO Peter Franklin said.

‘BlackBerry smartphones are known for protecting communications, privacy, and data. This is an incredible opportunity for OnwardMobility to bring next-generation 5G devices to market with the backing of BlackBerry and FIH Mobile.’

The OnwardMobility website still mentions the Android-powered Blackberry, but still only lists it as being at the pre-order stage, with no suggestion as to when it will actually be released.

In the end, it was arguably BlackBerry’s failure to adapt, lack of consumer insight and poor design that led to its demise in 2018 — when the company announced that it would no longer be producing the smartphone.

Blackberry’s premature death presents other companies with a valuable lesson. As you enjoy your reign, pay attention to market changes, anticipate disruptions, prepare to handle them by adapting, and build what it takes to keep your crowd.

Mediating Between Nigeria And ‘Biafra’

0

The last time I painstakingly checked, the ongoing struggle for a sovereign state of Biafra by most aggrieved personalities in the Southern part of Nigeria, particularly the Igbos, remained a cause that required the attention of anyone who truly means well for the country.

It suffices to say that the said scenario isn’t something to be played with or laughed over, considering its socio-economic cum political implications.

Biafra was a secessionist State in the Eastern part of Nigeria that existed from the 30th of May, 1967 to 8th of January 1970. The name was extracted from the Bight of Biafra otherwise known as ‘Bight of Bonny’, the Atlantic bay situated at the Southern pole of the region.

The inhabitants were mostly the Igbo people who led the secession due to economic, cultural, ethnic as well as religious tensions among the various peoples of Nigeria. Other ethnic groups that constituted the republic were the Ijaw, Ibibio, Efik, Ibeno, Eket, Annang, and the Ejagham, among others.

It could be recalled that the emergence of the Nigerian Civil War popularly recognized as the ‘Biafran War’ in 1967 was occasioned by the secession of the Biafra region by its major leaders, especially the Late Lt. Col Chukwuemeka Odumegwu Ojukwu who was then the Governor General of the Nigeria’s Eastern Protectorate.

After the said war that lasted for almost three years, Biafran forces under the slogan ‘No victor, No vanquished’ surrendered to the Nigerian federal military government and therein Biafra was reintegrated into Nigeria, which was its original territory.

Thereafter, peace was duly restored in every nook and cranny across the federation, thus Nigerians in their entirety became ostensibly united again.

Though the colossal injury incurred during the duel remains an indelible experience, the Igbos, et al, who were the prime Biafran agitators had over the years been strongly mingling with people from the other part of the country, just as in the case of the ever famous Alaba and Ladipo markets as well as the International Trade Fair, all in Lagos State.

Owing to their enterprising and promising nature, the Igbos can make anywhere look like paradise overnight, provided the place is business-oriented. This is one quality that makes the world attracted to the Igbos, thereby making them gain a renowned respect from all and sundry across the global community.

The Igbos, to say the least, have really carved a niche for themselves and their generations yet unborn when it calls for commerce and industry. This feat is widely verifiable.

In spite of this overwhelming feature, one may boldly assert that, in the socio-political terrain, they have not really gotten a fair share of the ‘national cake’, mostly in the area of appointments or recognitions.

For instance, since the emergence of the ongoing democratic era which kicked off in 1999, no Igbo man had been in Aso Rock as the President of Nigeria, neither had any individual of Igbo extraction emerged as the substantive National Chairman of any of the domineering political parties, if not Prince Vincent Ogbulafor of the PDP whose tenure was yet truncated. That of the Vice-Presidency isn’t left out.

In most cases, they end up receiving mere pledges whose fulfillment often eventually become far-fetched, as if they were destined to blow the air while others do the dancing.

This pitiable physiognomy of the Igbo nation that has been a thing of tremendous concern to many genuine stakeholders could be one of the reasons that reignited the renewed vehement agitation for a sovereign state of Biafra, which was seemingly forgotten over the past decades.

This very uncontrollable agitation has claimed several lives, maimed many, as well as rendered hundreds of persons homeless, mainly occasioned by physical combats between security agents and the agitators during series of riots staged by the latter.

This, coupled with the ongoing security threats from other groups including the Fulani Herdsmen, Boko Haram sect, the bandits, and the Niger-Delta militants, has contributed enormously in overheating the polity.

At this point, the government alongside other concerned groups, is expected to be deeply concerned about how to tackle these unbearable issues once and for all, taking into cognizance that no existing society can strive effectively and efficiently if its security is threatened.

I’m of the view that the best way to holistically confront any anomaly is by ascertaining its prime origin, and the Biafran agitation isn’t an exception.

I have often times categorically stated that the Boko Haram is a terrorist sect having understood its origin, thus have instructed Nigerians and the security agencies to always go by the name ‘terrorism’ whenever they are addressing or referring to the group; such approach alone would enable us to get the ongoing fight right.

On the contrary, the Biafran agitation likewise the Niger-Delta militancy is an insurgent group, thus ought to be treated as such. Insurgency has to do with when one or a group is fighting a just cause, contrary to terrorism that’s about an uncalled inconsequential and irrational violent rebellious act.

Unlike a terrorist group, an insurgent set that’s crying foul over a sensed maltreatment deserves a dialogue. The United Nations’ (UN) law likewise that of Nigeria, painstakingly highlights the fundamental human rights which include the right to fairness and the right to freedom, hence the Biafran agitators deserve a fair hearing since their fight was apparently informed by grievance.

In other words, the government is required to have a rethink towards creating harmony, which is the most required factor in this aspect. There are absolutely no two ways about it.

What the Igbos need is just a sense of belonging. The South-East zone, currently, can only boast of five states whilst each of the other zones can boast of at least six states. They ought to be brought closer to the helm of affairs.

An average Igbo man wants to participate actively in anything he/she is part of, and they are naturally endowed to do wonders. I bet you, give an Igbo man a little space, he would make heavens before you realize what’s happening.

Unequivocally, the Igbos, particularly those from the South-East, have over the decades been relegated to the background and this is the apt time for redress.

On their part, I enjoin the Biafran agitators to be more logical. They must employ logic as they agitate. More so, they must redeem their oneness, which obviously has been lost; such can only be actualized if they desist from attaching politics to socio-cultural affairs.

Only Ohanaeze Ndigbo is enough to bring formidable unity among the Igbos if its members concentrate only on the needful. The Ohanaeze Ndigbo, to say the least, isn’t supposed to take orders from the elected governors in the zone as it’s presently witnessed; rather, the reverse is meant to be the case.

This piece however, as the title implies, is targeted at settling a lingering dispute, thus I’m more interested in harmonization in regard to the conflict in question.

Hence, the Nnamdi Kanu’s case ought to be revisited or reviewed with a view to making a consequential adjustment. Leniency is invariably a welcome approach if necessary. In some cases, neither prosecution nor persecution is consequential.

We are not unaware that no one or group is indispensable, but we must as well note that the Igbos, likewise others, aren’t expendable.

Intel Sells NAND and SSD to SK hynix in A $7bln Deal

0
Signage at the entrance to Intel headquarters in Santa Clara, California, U.S., on Wednesday, Jan. 20, 2021. Investors want to know if the world's largest chipmaker will outsource more production when Intel Corp. reports results Thursday. Photographer: David Paul Morris/Bloomberg via Getty Images

Intel has announced the selling of its NAND and SSD business to Seoul-based SK hynix in a deal worth an initial $7 billion.

The deal will include the transfer of certain NAND SSD-associated intellectual properties (IP) and employees and the Dalian NAND memory manufacturing facility in China to SK hynix.

SK hynix Inc., is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), Flash memory chips (“NAND Flash”), and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally.

As part of the deal. Intel will continue to manufacture NAND wafers at SK hynix’s Dalian memory manufacturing facility and retain certain IP related to the manufacture and design of NAND flash wafers until the final closing of the transaction.

The final closing is expected to occur in or after March 2025, when SK hynix will acquire from Intel the remaining NAND business assets, including certain IP related to the manufacture and design of NAND flash wafers, R&D employees, and the Dalian fab workforce, for US$2 billion.

The SSD business will transition to a newly formed company, Solidigm, a subsidiary of SK hynix. Solidigm, whose name reflects a new paradigm in solid-state storage, will name Robert (Rob) B. Crooke as CEO. Crooke was previously senior vice president and general manager of Intel’s Non-Volatile Memory Solutions Group. Solidigm will have its headquarters in San Jose, California.

Commenting on the deal, Park Jung-ho, vice chairman and co-CEO of SK hynix said: “My heartfelt welcome to the Solidigm team members who are joining our family. This acquisition will present a paradigm shifting moment for SK Hynix’s NAND flash business to enter the global top tier level. With this acquisition, SK Hynix will be one step further in its path towards global 1st tier technology company.”

Crooke said the deal will help in the company’s quest to lead the data and storage industry.

“Solidigm is poised to be the world’s next big semiconductor company, which presents an unprecedented opportunity to reinvent the data memory and storage industry. We are steadfast in our commitment to lead the data industry in a way that can truly fuel human advancement,” he said.

Lately, Intel has been struggling to keep up with the intensity of the chip market, losing its place to rivals such as Nvidia. Its ordeal was compounded after Apple, who has been a high-profile buyer of Intel chips, created its own.

Though the company has undergone drastic changes aimed at revamping its business, it is yet to bounce back. Intel intends to invest transaction proceeds to deliver leadership products and advance its long-term growth priorities.

My Call On International B2C Ecommerce for a Hedge Fund

0

I offer opinions to global clients. Read this summary on what some hedge funds, private equity firms, etc ask. Despite employing the most brilliant among others, they also look for commoners like us.

Client [2014] – What is your view on the long-term performance of ecommerce companies that syndicate purchases for Africans from developed markets like UK and US? We’re exploring a couple of companies in this sector for investment.

Ndubuisi Ekekwe [I wrote a 4 page document but I will summarize here] –  These companies will outperform in the short-term because of massive information asymmetry,  low penetration of mobile internet and digital payment systems. These companies are valuable because they help people buy things in UK, USA, etc but their core value proportion may not be sustainable. They have no leverageable factors which could compound over time. In short, they are de-leverageable since they will lose positioning in 7-9 years as digital markets mature.

I posit that Africa will improve on payment in 3-4 years and access to the Western digital markets will deepen. If people can buy these things directly, these intermediaries would be disintermediated. So, the biggest risk is how fast Amazon, eBay, JC, etc will begin to accept payments in leading African markets. If those are available and the shops can put logistics to ship to the customers via Fedex, DHL, etc, the aggregation services of these firms will not be necessary. 

In other words, it makes no sense to pay and wait for 3 weeks to receive the items from New York to  Cape Town when you can pay and ask for FedEx international priority to deliver in 3 days. The cost has never been the main factor since those buying can absorb those fees. More so, we have looked at the fees and when all the aggregator fees are included, the saving is marginal.

Furthermore, this market cannot grow faster than the rate the middle class grows. So, the long-time playbook would be anchored on the premise that the middle class can grow really fast in the African markets. Historically, during economic turbulence, exchange rate perturbations emerge, with ancillary inflations which could depress the category growth, as most users will focus on local substitutes.

Summary: if investing, you must look at the time horizon when to exit.

Comment on LinkedIn Feed

Comment: Your time bound view and analysis on the aggregators’ market space for investment is profound.

Customers’ switching costs from the aggregators to direct purchase from the likes of Amazon for now is high.

However, looking at the Africa’s very slow economic development and middle class growth trajectories, I like to slightly posit that your clients’ ROI can still be guaranteed for the next 10 years.

This is because the middle class growth level will always determine the level of improvement on the payment infrastructure investment by potential players in that market.

Thank you Prof. Ndubuisi Ekekwe.

My Response: “However, looking at the Africa’s very slow economic development and middle class growth trajectories, ” – I do not see this as pure Africa ecommerce. I see this as simply trading across borders and the factors are not wholly endogenous. If payment and markets improve in Africa, why do you think Amazon, JC, ebay etc will not open shops in Africa directly? If that happens, how do do see the aggregators thriving?

Register for Tekedia Startup Masterclass with Prof Ndubuisi Ekekwe

0

Tekedia Startup Masterclass: from Start-Up to Unicorn is designed to help founders, entrepreneurs, and those generally working in the startup and SME ecosystems, to master the mechanics of building category-king companies.

The program runs for 8 weeks and it includes an hour-long one-on-one private Zoom session every week, with Tekedia Institute’s Lead Faculty, Prof Ndubuisi Ekekwe. We help you solve the innovation equation and unlock leverageable factors that compound.

Pricing: $400 or N180,000 naira; click for many payment options. Go here and register.

It is on-demand which means you start immediately you pay.  As you plan the Zoom, you will go through 8 weeks of pre-recorded videos I have created. Those explain innovation, valuations, markets, co-founder agreement, being a CEO with high intensity, etc from the angle of SME/startup leaders.

It’s all about solving this equation: Innovation = Invention + Commercialization. We’ll help crack it for that mission.