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Like Wall Street Journal DJIA, Finanical Times FTSE 100, Tekedia Will Launch Tekedia Broad Industrial Average (TBIA) On Monday For Nigerian Stock Exchange

By
Tekedia Editors
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1

After more than 6 months of design and evaluation, we are happy to inform the general public that Tekedia Intelligence will debut  Tekedia Broad Industrial Average (TBIA) on Monday. We do hope that this index will become a barometer to access the performance of the Nigerian Stock Exchange.

 

We are following the footsteps of Wall Street Journal that developed the US’s Dow Jones Industrial Average and the Financial Times that got the UK’s FTSE 100.

 

TBIA, we hope, will make it to the lexicon of financial reporters in Nigeria. We have watched the overall all-index and noted that our selected companies follow accurately more than 99.8% of the time.

 

Tekedia developed this index. Our major criterion for inclusion in TBIA was not just the share price. In short we excluded some companies like Guinness Plc, Total Plc and others whose disproportionate high share price will distort the true picture of the market. Nigerian stock exchange is depressed right now. And the few trading at hundreds cannot give an accurate position of the market.  We will write more on this index in coming days as we explain the foundations and basis for everything done in the math.

 

We also came up with what we call  TBIA divisor which is a magic number that is used to divide the sum total of all the prices in the index. We tuned that number for six months and came up with a sweet one. There is also a mathematical model that captures share splitting and combinations making sure that no matter what happens, the numbers before and after the procedure are the same in TBIA.

 

Tekedia will publish a white paper this week on TBIA so that anyone can track what we have done. TBIA will be hosted in a separate page on Tekedia. We will scale it to 5,000 on the first day, Monday. This is from a previous announcement for an earlier planned July 1 debut.

 

Tekedia Broad Industrial Average (TBIA)– we have created a stock market index that mirrors the Dow Jones Industrial Average to give a daily assessment of Nigerian stock exchange. This composite includes 20 stocks across different sectors of the stock exchange and we have weighted them by stock price. Automation of the process so that it will show as map is being done. Starting number for the TBIA is 5,000. As the average does well, it will move up, and when it lags, it goes down.

 

Microchip Launches PIC32 Board For GUI Development Without An External Graphics Controller

By
Olabode Olakanmi
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0

 

Microchip Technology Inc., a leading provider of microcontroller, analog and Flash-IP solutions, has announced the Low-Cost Controllerless (LCC) Graphics PICtail™ Plus Daughter Board (part # AC164144), which enables the development of graphics applications without an external graphics controller.

 

 

Many user interfaces are migrating toward intuitive, easy-to-use graphics-driven systems with touch-screen capability. However, the addition of an external graphics controller can be cost prohibitive for applications in highly competitive markets, such as consumer appliances. The 32-bit PIC32 microcontroller (MCU)-powered LCC Graphics PICtail Plus Daughter Board enables developers to directly drive 256 (8-bit-per-pixel)-color graphical user interfaces utilizing the PIC32 MCU’s on-chip memory, Direct Memory Access controller, and Parallel Master Port. This eliminates the need for an external graphics controller and lowers the Bill of Materials cost.

 

 

Additionally, the board enables developers to “jumper” in the onboard 256 KB of SRAM to support 65K (16-bit-per-pixel)-color WQVGA interfaces.

 

 

This new daughter board can be used with an Explorer 16 Development Board or PIC32 Starter Kit, such as the PIC32 USB Starter Kit 2, and can be hooked up to any of the LCD panels available from Microchip, including the Truly 3.2” QVGA and Powertip 4.3” WQVGA display panels. It is supported by Microchip’s free Graphics Library and makes it easy to incorporate graphical user interfaces onto designs in the industrial (e.g. control panels), home appliance (e.g. coffee machines, washing machines and dryers), consumer (e.g. thermostats, security-alarm panels, educational toys) and automotive markets (e.g. driver information displays), among others.

 

 

The LCC Graphics PICtail Plus Daughter Board (part # AC164144) is available for $89.99.

Visafone Luanches Motorola XT 800 And ZTE R750 Dual SIM Touchscreen Smartphones

By
Tekedia Editors
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0

There is everything to be liked by Visafone. They are very innovative and will surely move into the top three if they can seek for a GSM license instead of the sloppy CDMA which is yet to catch the right fever in Nigeria. Visafone has launched two sets of dual SIM touchscreen phones –  Motorola XT 800 and ZTE R750. For a CDMA operator, this is commendable because they are always seen as non top-notch in the continent.

 

Visafone CEO, Sailesh Iyer,  told newsmen during the luanch on the company’s efforts of becoming the first in the region to make these products available to customers:

 

“We are excited to be the first mobile operator to launch the Android dual SIM OMH touch screen phone into the African market. This further empowers corporate organizations and Small and Medium Enterprise (SME) with tool of having a mobile office on the go.”

 

His colleague, Joseph Ushigiale, the head, corporate communications, in Visafone, noted that the company has sold more than 600 units  within a week of launch. It is indeed a good one but may not be as hot as Huawei IDEO who sold in thousands within days of launch in most parts f the world.

 

The phones are powered by Google Android which controls 48% of the global mobile OS platform with more than 300,000 apps in the Android market.

 

Iyer explained that the Android Dual-SIM  phones have been designed to enable users to easily access both their work and personal lifestyles via just one device,

 

“The launch of the dual SIM Android Smartphone  also reflects our long term investment to develop high-tech devices which will enable our customers explore various unique applications that satisfy their needs,” he said.
“With the Android phone, Visafone customers can download applications like games, the Bible, Quran and access to social networking sites like YouTube, Face book, Twitter and news websites like CNN,” he pointed out. He said “Customers will also enjoy unique features of using their Visafone SIM and additional GSM SIM on one phone.

 

It also comes with mobile internet running on Visa Mobile Office (VMO) service, Email (Microsoft Exchange, Gmail, Yahoo, Hotmail, and AOL), EVDO and WIFI High Speed internet, Android market, Facebook, Twitter and Yahoo Messenger.”, he concluded

 

Android has been the most promising platform for many successful phones in Africa and the globe. Out of the total of 56 nations in the research, Android was top in 35 of them.  In 2Q2011, Android commanded a global share of 48%.  Asia Pacific  was the largest regional market with about  with 39.8 million units shipping there, compared with 35.0 million in Europe, the Middle East and Africa (EMEA), and 32.9 million in the Americas, according to the research firm.

Huawei Technologies Signs $118m Contract With Etisalat Nigeria

By
Tekedia Editors
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3

Etisalat Nigeria has  signed $118 million dollar contract with Huawei Technologies Company Nigeria Limited and Huawei International Pte Limited for roll out of the the company’s nationwide network. This will surely expand Etisalat national coverage and upgrade its network infrastructure. The goal is to improve services and make the communication experience for the subscribers better. It will help enhance the reputation of Etisalat as a top-notch provider of excellent data and audio services.

 

Huawei has emerged as a leading global telecommunication solutions provider. It continues to challenge Cisco in the latter’s core business areas which among others include telecom network infrastructure, application, software, devices and professional services. Its products and solutions have been deployed in over 100 countries and have served 45 of the world’s top 50 telecom operators, as well as one third of the world’s population.

 

Speaking  with news men on the contract, Steven Evans, the CEO noted that it was all about QOS (quality of service) improvement to their beloved subscribers.

 

”This contract is for the complete Implementation of our Public Mobile Cellular Services which will drive the expansion of services as well roll-out our 3G network and also strengthen our network capability,” he said. “We choose to partner with Huawei because of their comprehensive experience in wireless and IP technologies and their expertise in telecom network infrastructure.”

 

His Huawei Technologies Nigeria, Hover Gao, managing director, stated that his company was very excited for the opportunity to serve  leading company like Etisalat.  “This partnership is part of our strategy to increase our growth and create a sustainable relationship in Nigeria,” he said.

 

Emerging Markets Telecommunication Services (EMTS), trading as Etisalat, is a Nigerian company duly incorporated under the laws of Nigeria in partnership with Mubadala Development Company and Etisalat of the United Arab Emirates. Incorporated in Nigeria as a private company, it acquired the Unified Access License from the Federal Government in January 2007. The license includes a mobile license and spectrum in the GSM 1800 and 900 MHz bands. Etisalat acquired a 40% stake in EMTS and is now the operator of the Unified Access License.

Apple Briefly Surpassed Exxon Mobil In Capitalization To Become The Most Valuable Global Firm

By
Tekedia Editors
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0
The crash in iPhone sales is changing Apple business model

In addition to the legal victory in Europe, Apple received more good news on Tuesday. The Cupertino, California, computer maker briefly surpassed Exxon Mobil in market capitalization to become the most valuable public company in the world. This is the first time in the history of markets for a technology company to be highest valued firm in the world. It is just a matter of time before Apple does this for a full day trade.

The lead changed hands several times Tuesday as Exxon Mobil recovered from early losses and Apple’s gains leveled off. By 3:00 p.m, Apple’s market capitalization was more than $5 billion larger than Exxon’s, according to Google Finance. As the closing bell approached, however, Exxon surged faster than Apple and retook the lead.

Apple became the world’s most valuable technology company when it passed Microsoft in April 2010. On Tuesday it became, at least for a few hours, the world’s most valuable public company in any field of business.

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