REG Dialog Notice DIN A4 2015-10

Total Page:16

File Type:pdf, Size:1020Kb

REG Dialog Notice DIN A4 2015-10 Leading through innovation Shareholder Circular incorporating Notice of General Meeting 19 November 2015 THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take, you are recommended to seek your own personal financial advice immediately from your stockbroker, bank manager, solicitor, accountant, fund manager or other appropriate inde- pendent financial adviser authorised under the Financial Services and Markets Act 2000 (as amended), if you are resident in the United Kingdom, or, if not, from another appropriately authorised independent financial adviser. If you sell or have sold or otherwise transferred all of your Dialog Shares, please forward this document, but not the accompanying personalised Reply Form, as soon as possible to the purchaser or transferee, or to the bank, stock- broker or other agent through whom the sale or transfer was effected, for transmission to the purchaser or transferee. If you sell or have sold or other- wise transferred only part of your holding of Dialog Shares, you should retain these documents and consult the bank, stockbroker or other agent through whom the sale or transfer was effected. This document should be read as a whole. Your attention is drawn to this letter from Richard Beyer, the Chairman of Dialog Semiconductor Plc, which is set out in Part I (Letter from the Chairman) of this document in which the Board of Dialog Semiconductor Plc unanimously recommends that you vote in favour of the Resolution to be proposed at the Dialog General Meeting referred to below. Your attention is also drawn to the risk factors which are set out in Part II (Risk Factors) of this document. You should read this document in its entirety and consider whether to vote in favour of the Resolution in light of the information contained in this document. Capitalised terms contained in this document have the meanings set out in Part IX (Definitions and Glossary) of this document. This document is a circular and is not a prospectus. In connection with the issue and application for trading of the New Dialog Shares, a prospectus relating to Dialog will be prepared in accordance with the Prospectus Rules of the FCA made under section 73A of the FSMA, submitted for approval by the FCA in accordance with section 87A of the FSMA and made available to the public in accordance with Rule 3.2 of the Prospectus Rules in due course. Applica- tion will be made for the New Dialog Shares to be admitted to trading on the Regulated Market (Regulierter Markt) of the Frankfurt Stock Exchange and the sub-segment thereof with additional post-admission obligations (Prime Standard). I DIALOG SEMICONDUCTOR PLC Registered in England and Wales with registered number 3505161 Proposed issue of New Dialog Shares in connection with the proposed acquisition of Atmel Corporation and Notice of General Meeting Notice of a General Meeting of Dialog Semiconductor Plc, to be held at the offices of Reynolds Porter Chamberlain LLP, Tower Bridge House, St Katharine’s Way, London E1W 1AA, United Kingdom at 12.00 noon GMT (1.00 p.m. (CET)) on 19 November 2015, is set out at the end of this document. Whether or not you intend to attend the Dialog General Meeting in person, please complete, sign and return the enclosed Reply Form in accordance with the Important Notes accompanying it. Reply Forms should be returned to Dialog Semiconductor Plc c/o Art of Conference – Martina Zawadzki, Böblinger Str. 26, D-70178 Stuttgart, Germany or by fax to +49(0) 711 4709-713 or by email to [email protected], as soon as possible but, in any event, so as to arrive no later than 12.00 noon GMT (1.00 p.m. (CET)) on 17 November 2015. Completion and return of a Reply Form appointing a proxy will not prevent members from attending and voting in person should they wish to do so. A summary of the actions to be taken by Dialog Shareholders is set out on page 10 of this document and in the Notice of General Meeting set out at the end of this document. No person has been authorised to give any information or make any representations other than those contained in this document and, if given or made, such information or representations must not be relied on as having been so authorised. The delivery of this document shall not, under any circumstances, create any implication that there has been no change in the affairs of the Company since the date of this document or that the information in it is correct as of any subsequent time. Morgan Stanley is acting exclusively for Dialog Semiconductor Plc as financial adviser and for no one else in connection with the Transaction and other matters described herein and will not be responsible to anyone other than Dialog Semiconductor Plc for providing protections afforded to clients of Morgan Stanley, nor for providing advice to any other person in relation to the Transaction, the contents of this document or any other matter referred to herein. Morgan Stanley assumes no responsibility whatsoever and makes no representations or warranties, express or implied, in relation to the contents of this document, including its accuracy, completeness or verification or for any other statement made or purported to be made by Dialog Semiconductor Plc or on Dialog Semiconductor Plc’s behalf or by Morgan Stanley or on Morgan Stanley’s behalf and nothing contained in this document is, or shall be relied on as, a promise or representation in this respect, whether as to the past or the future, in connection with Dialog Semiconductor Plc or the Transaction. Morgan Stanley accordingly disclaims to the fullest extent permitted by law all and any responsibility and liability whether arising in tort, contract or otherwise which it might otherwise be found to have in respect of this document or any such statement. The contents of this document are not to be construed as legal, business or tax advice. Investors should consult their own legal adviser, financial adviser or tax adviser for legal, financial or tax advice. No profit forecasts or estimates No statement in this document is intended as a profit forecast or estimate for any period and no statement in this document should be interpreted to mean that earnings or earnings per share for Dialog or Atmel, as appropriate, for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per share for Dialog or Atmel, as appropriate. Additional information and where to find it This communication may be deemed to be solicitation material in respect of the Transaction involving Dialog and Atmel. In connection with the Transaction, Dialog will file with the SEC a Registration Statement on Form F-4 (the “Registration Statement”) containing the Proxy Statement/Prospectus. Each of Dialog and Atmel intends to file other documents with the SEC regarding the Transaction. The definitive Proxy Statement/Prospectus will be mailed to Atmel Shareholders and will contain important information about the Transaction and related matters. Dialog Shareholders and Atmel Shareholders are advised to read carefully the formal documentation in relation to the Transaction once it has been dispatched. The proposals for the Transaction will, in respect of Dialog Shareholders, be made solely through this document, and, in respect of Atmel Shareholders, be made solely through the Proxy Statement/Prospectus. This document contains, and the final Proxy Statement/Prospectus will contain, the full terms and conditions of the way in which the Transaction will be implemented, including details of how to vote with respect to the implementation of the Transaction. Any acceptance or other response to the proposals should be made only on the basis of the information in respect of the Dialog Shareholders, in this document, or, in respect of Atmel Shareholders, in the Proxy Statement/Prospectus. BEFORE MAKING AN INVESTMENT OR VOTING DECISION, WE URGE INVESTORS OF DIALOG TO READ CAREFULLY THIS DOCUMENT AND INVESTORS OF ATMEL TO READ CAREFULLY THE PROXY STATEMENT/PROSPECTUS AND REGISTRATION STATEMENT (INCLUDING IN EACH CASE ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT DIALOG OR ATMEL WILL FILE WITH THE UKLA OR SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. II This communication comprises an advertisement for the purposes of paragraph 3.3R of the Prospectus Rules made under Part VI of the FSMA and not a prospectus. As referred to above, the prospectus in connection with the admission of Dialog Shares to the Regulated Market of, and to trading on, the Frankfurt Stock Exchange (the “UK Prospectus”) will be published at a later date. Copies of this document and the UK Prospectus will, from the date of posting to Dialog Shareholders, be filed with the UK Listing Authority and submitted to the National Storage Mechanism and available for inspection at www.Hemscott.com/nsm.do and available for inspection by Dialog Shareholders at the registered office of Dialog Semiconductor Plc, Tower Bridge House, St. Katharine’s Way, London E1W 1AA, United Kingdom, during normal business hours on any weekday (Saturdays, Sundays and public holidays excepted) and in the Investor Relations section of Dialog’s website at www.dialog-semiconductor.com. Investors may obtain, free of charge, copies of the Proxy Statement/Prospectus and Registration Statement, and any other documents filed by Atmel and Dialog with the SEC in connection with the Transaction at the SEC’s website at www.sec.gov. Investors may obtain, free of charge, copies of the Proxy Statement/ Prospectus and any other documents filed by Atmel with the SEC in connection with the Transaction in the “Investors” section of Atmel’s website at www.
Recommended publications
  • Dialog Semiconductor to Acquire Atmel
    Filed by Atmel Corporation Pursuant to Rule 425 Under The Securities Act of 1933 And Deemed Filed Pursuant to Rule 14a-12 Under the Securities Exchange Act of 1934 Subject Company: Atmel Corporation Commission File Number: 000-19032 DIALOG SEMICONDUCTOR TO ACQUIRE ATMEL Jose Cano Head of IR Thank you, and good morning to everyone joining us today. This call is being hosted by Dialog Semiconductor's CEO, Dr. Jalal Bagherli, and we are also delighted to welcome Steve Laub, CEO of Atmel. In a moment, I will hand you over to Jalal for a review of yesterday's announcement. I must remind everyone that today's briefing and some of the answers to your questions may contain forward-looking statements in relation to Dialog and Atmel and the future operating performance of and outlook of Dialog and the combined company that are subject to risks and uncertainties. These forward-looking statements are based upon the current beliefs and expectations of the management of Dialog and Atmel, and there are risks associated with them. You can find a full explanation of these risks in the press release and the investor presentation which has been posted to the IR section of our website. Before I hand over to Jalal, let me remind you that a description of underlying performance and non-GAAP metrics has been included as well in slide 20 of the investor presentation available on our website. These financial metrics have not been calculated in accordance with IFRS or GAAP, as applicable, so you are encouraged to refer to the most comparable IFRS or GAAP financial metrics.
    [Show full text]
  • Press Release – 4 November 2020
    Dialog Semiconductor Plc Press release – 5 November 2020 Dialog Semiconductor reports results for the third quarter ended 25 September 2020 Q3 2020 revenue at US$386 million, above the high-end of the August outlook range. Revenue excluding licensed PMICs was up 24% year-on-year. London, UK, 5 November 2020 – Dialog Semiconductor Plc (XETRA: DLG) today reports unaudited results for the third quarter ended 25 September 2020. IFRS basis (unaudited) Underlying basis1 (unaudited) US$ millions unless stated otherwise Q3 2020 Q3 2019 Q3 2020 Q3 2019 Change Revenue 386.4 408.8 386.4 408.8 -5% Gross margin 48.3% 49.2% 50.7% 49.5% +120bps Operating expenses2 152.5 122.5 108.5 103.7 +5% Operating (loss)/profit (7.0) 83.9 91.5 103.8 -12% Operating margin (1.8)% 20.5% 23.7% 25.4% -170bps Diluted EPS $(0.27) $0.91 $1.00 $1.13 -12% Free cash flow 11.8 86.8 -86% 1 Underlying measures and free cash flow quoted in this Press Release are non-IFRS measures (see page 5). 2 Comprising SG&A and R&D expenses. Q3 2020 Financial highlights – Revenue of US$386 million 7% above the mid-point of the August outlook range and 5% below Q3 2019. – Strength across the product portfolio with revenue excluding licensed main Power Management ICs (“PMICs”) was up 24% year-on-year. – Gross margin at 48.3% (Q3 2019: 49.2%). Continued progress on underlying gross margin at 50.7% (Q3 2019: 49.5%) up 120bps year-on-year.
    [Show full text]
  • Press Release – 3 March 2021
    Dialog Semiconductor Plc Press release – 3 March 2021 Dialog Semiconductor reports results for the fourth quarter ended 31 December 2020 Q4 2020 revenue at US$439 million, up 15% year-on-year. Underlying operating profit at US$110.5 million, up 21% year-on-year. Revenue excluding licensed PMICs was up 39% year-on-year. London, UK, 3 March 2021 – Dialog Semiconductor Plc (XETRA: DLG) today reports unaudited results for the fourth quarter ended 31 December 2020. IFRS basis (unaudited) Underlying basis1 (unaudited) US$ millions unless stated otherwise Q4 2020 Q4 2019 Q4 2020 Q4 2019 Change Revenue 438.7 380.6 438.7 380.6 +15% Gross margin 49.2% 50.0% 50.8% 50.2% +60bps Operating expenses2 149.1 137.0 115.3 100.5 +15% Operating (loss)/profit 69.9 53.7 110.5 91.3 +21% Operating margin 15.9% 14.1% 25.2% 24.0% +120bps Diluted EPS $0.81 $0.61 $1.26 $1.02 +24% Free cash flow N/A N/A 115.3 44.4 +160% 1 Underlying measures and free cash flow quoted in this Press Release are non-IFRS measures (see page 6). 2 Comprising SG&A and R&D expenses. Q4 2020 Financial highlights – Revenue of US$439 million, including acquisitions, 8% above the mid-point of the November outlook range and 15% above Q4 2019. – Strength across the product portfolio with revenue excluding licensed main Power Management ICs (“PMICs”) up 39% year-on-year. – Gross margin at 49.2% (Q4 2019: 50.0%). Continued progress on underlying gross margin at 50.8% (Q4 2019: 50.2%) up 60bps year-on-year.
    [Show full text]
  • DA14585 Getting Started Guide with the Iot Multi Sensor Development Kit UM-B-102
    User Manual DA14585 Getting Started Guide with the IoT Multi Sensor Development Kit UM-B-102 The focus of this User Manual is to easily introduce the IoT Multi sensor Kit. This is a reference design which include IoT Sensors Reference Application. This reference design integrates a number of sensors and provides to the user a sensor fusion experience using the IoT Sensors Android/iOS Application. UM-B-102 DA14585 Getting Started Guide with the IoT Multi Sensor Development Kit Contents Contents ............................................................................................................................................... 2 Figures .................................................................................................................................................. 3 Tables ................................................................................................................................................... 3 1 Abstract .......................................................................................................................................... 4 2 Terms and Definitions ................................................................................................................... 4 3 Introduction.................................................................................................................................... 5 3.1 How long should it take? ....................................................................................................... 5 3.2 Block Diagram ......................................................................................................................
    [Show full text]
  • Press Release FC9000 06012019 Vf
    Corporate News Dialog Semiconductor Accelerates IoT Adoption with New Ultra-Low Power Wi-Fi SoC First Wi-Fi product released from Dialog following the recent closing of the acquisition of Silicon Motion’s Mobile Communications product line London, United Kingdom – June 3, 2019 – Dialog Semiconductor plc (XETRA:DLG), a provider of highly integrated power management, AC/DC power conversion, audio, charging and Bluetooth® low energy technology, today has introduced the FC9000. This will be Dialog’s first Wi-Fi SoC to be released since the closing of the acquisition of Silicon Motion’s Mobile Communications product line on May 31, 2019. The FC9000 is targeted at battery-powered IoT devices such as smart door locks, video monitoring systems, smart thermostats, and wireless sensors enabling direct connectivity to Wi-Fi networks, while typically supporting a battery power lifetime greater than one year. Previously, devices running on Zigbee, ZWave or Bluetooth standards needed to be paired with an expensive and cumbersome gateway or smartphone to enable connectivity to the cloud, adding complexity and unnecessary costs for IoT adoption. The introduction of the FC9000 overcomes these issues as we move towards a Wi-Fi ubiquitous world. “The FC9000, the first product in our new VirtualZero™product line, complements our existing portfolio of leading Bluetooth low energy SoC’s for connected devices and represents our next IoT connectivity innovation to pass on to our customers,” said Sean McGrath, Senior VP & GM of Dialog Semiconductor’s Connectivity and Audio Business Group. “This Wi-Fi device is the first in a series that we plan to launch which solves major pain points for both manufacturers and end-users around IoT network compatibility and power consumption.” The FC9000’s proprietary power-saving algorithms set a new industry power benchmark, which allows it to operate on just a few microamps, increasing overall battery life for end- devices.
    [Show full text]
  • Dialog Semiconductor to Acquire Atmel
    Filed by Atmel Corporation Pursuant to Rule 425 Under The Securities Act of 1933 And Deemed Filed Pursuant to Rule 14a-12 Under the Securities Exchange Act of 1934 Subject Company: Atmel Corporation Commission File Number: 000-19032 DIALOG SEMICONDUCTOR TO ACQUIRE ATMEL Jose Cano Head of IR Thank you and good afternoon and good morning to everyone joining us today. The call is being hosted by Dialog Semiconductor's CEO, Dr. Jalal Bagherli and we are also delighted to welcome Steve Laub, CEO of Atmel. In a moment, I will hand you over to Jalal for a review of yesterday's announcement. I must remind everyone that today's briefing and some of the answers to your questions may contain forward-looking statements in relation to Dialog and Atmel and the future operating performance of and outlook of Dialog and the combined company that are subject to risks and uncertainties. These forward-looking statements are based upon the current beliefs and expectations of the management of Dialog and Atmel and there are risks associated with them. You can find a full explanation of these risks on the press release and the investor presentation which has been posted to the IR section of our website. Before I hand over to Jalal, let me remind you that a description of underlying performance and non-GAAP metrics have been included in slide 20 of the investor presentation available on our website. These financial metrics have not been calculated in accordance with IFRS or GAAP as applicable and so you are encouraged to refer to the most comparable IFRS or GAAP financial metrics.
    [Show full text]
  • Da1458x Software Developer's Guide
    User Manual DA1458x Software Developer’s Guide UM-B-050 Abstract This document describes the steps required to develop BLE applications on the SmartBond™ DA1458x Product Family software platform, specifically for the DA14580/581/583 devices, as supported by the new v5.x SDK series. It guides the developer through a number of pillar examples, acquainting in the developing of BLE applications on the DA1458x software architecture and APIs. UM-B-050 DA1458x Software Developer’s Guide Contents Abstract ................................................................................................................................................ 1 Contents ............................................................................................................................................... 2 Figures .................................................................................................................................................. 5 Tables ................................................................................................................................................... 7 1 Terms and Definitions ................................................................................................................... 8 2 References ..................................................................................................................................... 8 3 Introduction .................................................................................................................................... 9
    [Show full text]
  • Company Vendor ID (Decimal Format) (AVL) Ditest Fahrzeugdiagnose Gmbh 4621 @Pos.Com 3765 0XF8 Limited 10737 1MORE INC
    Vendor ID Company (Decimal Format) (AVL) DiTEST Fahrzeugdiagnose GmbH 4621 @pos.com 3765 0XF8 Limited 10737 1MORE INC. 12048 360fly, Inc. 11161 3C TEK CORP. 9397 3D Imaging & Simulations Corp. (3DISC) 11190 3D Systems Corporation 10632 3DRUDDER 11770 3eYamaichi Electronics Co., Ltd. 8709 3M Cogent, Inc. 7717 3M Scott 8463 3T B.V. 11721 4iiii Innovations Inc. 10009 4Links Limited 10728 4MOD Technology 10244 64seconds, Inc. 12215 77 Elektronika Kft. 11175 89 North, Inc. 12070 Shenzhen 8Bitdo Tech Co., Ltd. 11720 90meter Solutions, Inc. 12086 A‐FOUR TECH CO., LTD. 2522 A‐One Co., Ltd. 10116 A‐Tec Subsystem, Inc. 2164 A‐VEKT K.K. 11459 A. Eberle GmbH & Co. KG 6910 a.tron3d GmbH 9965 A&T Corporation 11849 Aaronia AG 12146 abatec group AG 10371 ABB India Limited 11250 ABILITY ENTERPRISE CO., LTD. 5145 Abionic SA 12412 AbleNet Inc. 8262 Ableton AG 10626 ABOV Semiconductor Co., Ltd. 6697 Absolute USA 10972 AcBel Polytech Inc. 12335 Access Network Technology Limited 10568 ACCUCOMM, INC. 10219 Accumetrics Associates, Inc. 10392 Accusys, Inc. 5055 Ace Karaoke Corp. 8799 ACELLA 8758 Acer, Inc. 1282 Aces Electronics Co., Ltd. 7347 Aclima Inc. 10273 ACON, Advanced‐Connectek, Inc. 1314 Acoustic Arc Technology Holding Limited 12353 ACR Braendli & Voegeli AG 11152 Acromag Inc. 9855 Acroname Inc. 9471 Action Industries (M) SDN BHD 11715 Action Star Technology Co., Ltd. 2101 Actions Microelectronics Co., Ltd. 7649 Actions Semiconductor Co., Ltd. 4310 Active Mind Technology 10505 Qorvo, Inc 11744 Activision 5168 Acute Technology Inc. 10876 Adam Tech 5437 Adapt‐IP Company 10990 Adaptertek Technology Co., Ltd. 11329 ADATA Technology Co., Ltd.
    [Show full text]
  • Interim Report – H1 2019
    Dialog Semiconductor Plc Interim report – H1 2019 Powering the smart futureconnected Contents Interim report – H1 2019 Section 1 Section 2 Section 3 Press release – 30 July 2019 1 Independent review report to Dialog Financial performance measures 39 Financial review 7 Semiconductor Plc 14 Other information 13 Condensed consolidated statement of income 15 Responsibility statement 13 Condensed consolidated statement of comprehensive income 16 Condensed consolidated balance sheet 17 Condensed consolidated statement of cash flows 18 Condensed consolidated statement of changes in equity 19 Notes to the condensed consolidated financial statements 20 Dialog Semiconductor Plc Interim report – H1 2019 01 Press release – 30 July 2019 Dialog Semiconductor reports results for the second quarter ended 28 June 2019 Q2 2019 Revenue slightly above the high-end of the guidance range at US$482 million, earnings acceleration and strong cash flow generation. 1 Section London, UK, 30 July 2019 – Dialog Semiconductor Plc (XETRA: DLG), a provider of highly integrated power management, Configurable Mixed-signal IC, AC/DC, solid state lighting and Bluetooth® low energy wireless technology, today reports unaudited results for the second quarter ended 28 June 2019. Q2 2019 Financial highlights – Revenue of US$482 million including US$146 million one-off license revenue. Underlying1 revenue of US$336 million, slightly above the high end of the guidance range and 14% above Q2 2018. – Gross margin at 64.7% (Q2 2018: 48.0%) and underlying1 gross margin at 49.7% (Q2 2018: 48.3%) in line with the May guidance. – Operating profit of US$217.0 million, over eight times higher than in Q2 2018.
    [Show full text]
  • Dialog‟S Acquisition of Atmel a Global Leader in Mobile Power and Iot
    Dialog‟s Acquisition of Atmel A Global Leader in Mobile Power and IoT Investor Presentation November 2015 …personal …portable …connected 0 157 197 Safe Harbor This communication is not a prospectus as required by the Prospectus Directive of the European Parliament and of the Council of 4 November 2003 (No 2003/71/EC). It does not constitute or form part of an offer to sell or any invitation to purchase or subscribe for any securities or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the proposed merger or otherwise. Any acceptance or response to the prop osed merger should be made only on the basis of the information referred to, in respect of Dialog shareholders, a shareholder circular seeking the approval of Dialog shareholders for the proposed merger, and the issuance of ordinary shares in the form of ADSs to Atmel’s stockholders (the 230 “Circular”), or, in respect of Atmel’s stockholders, a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. 0 Additional information and where to find it 126 This communication may be deemed to be solicitation material in respect of the proposed merger involving Dialog and Atmel. In connection with the proposed merger, Dialog will file with the U.S. Securities and Exchange Commission (the “SEC”) a Registration Statement on Form F-4 (the “Registration Statement”) containing a prospectus with respect to Dialog’s ordinary shares to be issued in the proposed merger and a proxy statement of Atmel in connection with the proposed merger (the “Proxy Statement/Prospectus”).
    [Show full text]
  • 16-Bit UUID Numbers Document
    16-bit UUID Numbers Document Bluetooth® Document ▪ Revision Date: 2021-09-21 Description: The 16-bit UUID Numbers Document contains a list of 16-bit Universally Unique Identifier (UUID) Values, previously available on other webpages on Bluetooth.com. The 16-bit UUID Numbers Document is updated when new values are assigned. All Assigned Numbers in this document are normative. All other materials contained on this document are informative only. Authoritative compliance information is contained in the applicable Bluetooth® specification. Bluetooth SIG Proprietary This document, regardless of its title or content, is not a Bluetooth Specification subject to the licenses granted by the Bluetooth SIG Inc. (“Bluetooth SIG”) and its members under the Bluetooth Patent/Copyright License Agreement and Bluetooth Trademark License Agreement. THIS DOCUMENT IS PROVIDED “AS IS” AND BLUETOOTH SIG, ITS MEMBERS, AND THEIR AFFILIATES MAKE NO REPRESENTATIONS OR WARRANTIES AND DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY, TITLE, NON-INFRINGEMENT, FITNESS FOR ANY PARTICULAR PURPOSE, THAT THE CONTENT OF THIS DOCUMENT IS FREE OF ERRORS. TO THE EXTENT NOT PROHIBITED BY LAW, BLUETOOTH SIG, ITS MEMBERS, AND THEIR AFFILIATES DISCLAIM ALL LIABILITY ARISING OUT OF OR RELATING TO USE OF THIS DOCUMENT AND ANY INFORMATION CONTAINED IN THIS DOCUMENT, INCLUDING LOST REVENUE, PROFITS, DATA OR PROGRAMS, OR BUSINESS INTERRUPTION, OR FOR SPECIAL, INDIRECT, CONSEQUENTIAL, INCIDENTAL OR PUNITIVE DAMAGES, HOWEVER CAUSED AND REGARDLESS OF THE THEORY OF LIABILITY, AND EVEN IF BLUETOOTH SIG, ITS MEMBERS, OR THEIR AFFILIATES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. This document is proprietary to Bluetooth SIG. This document may contain or cover subject matter that is intellectual property of Bluetooth SIG and its members.
    [Show full text]
  • Semiconductors: the Internet of Things Is
    MORGAN STANLEY RESEARCH GLOBAL Morgan Stanley & Co. International Francois A Meunier plc+ [email protected] +44 (0)20 7425 6603 Morgan Stanley & Co. LLC Katy L. Huberty, CFA Keith Weiss, CFA Joseph Moore September 24, 2013 Morgan Stanley Asia Limited+ Bill Lu Morgan Stanley & Co. International Shawn Kim Technology- plc, Seoul Branch+ Morgan Stanley MUFG Securities Shoji Sato Semiconductors Co., Ltd.+ The Internet of Things: the opportunity is The Internet of Things is now potentially huge Computing Growth Drivers Over Time, 1960 - 2030E Internet of Things The key building blocks are in place for the Internet 1,000,00012 of Things – the next evolutionary step in personal 11 Mobile Internet Desktop Internet computing – to take off. The opportunity is huge 10,00010 tens of bns with the number of units potentially reaching tens of of units 9 billions of billions. Similar to the mobile internet wave, PC units 100 8 hardware stocks could be first to benefit. Minicomputer 1B+ Units / 100MM+ Users 7 Units Mainframe 10MM+ Units The Internet of Things is the next wave of 1 6 Devices / Users (MM in Log Scale) in Users (MM Devices / computing. If IoT follows a similar development pattern 1MM+ Units 5 to previous computing waves, units could reach tens of 1960 1970 1980 1990 2000 2010 2020 2030 billions at maturity. At this stage, it looks more Source: Company Data, Thomson Reuters, Morgan Stanley Research complementary than disruptive to the mobile internet wave. Why is IoT likely to happen now? The key building blocks are in place: These include: 1) the wide availability of smartphones, which can be used as remotes or hubs for IoT; 2) inexpensive and low power processors based on ARM; 3) wireless connectivity and We will organize an Internet of Things panel Bluetooth Smart in particular at a low price point for a at our European TMT Conference in 2-year battery life from a coin battery cell; 4) IPV6; and Barcelona on November 20th, 2013.
    [Show full text]