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CellStar Provides Update on Review of Asia Pacific Operation and Preliminary Results for the Fourth Quarter of 2004 and the First Quarter of 2005
CellStar Provides Update on Review of Asia Pacific Operation and Preliminary Results for the Fourth Quarter of 2004 and the Firs

CARROLLTON, Texas, May 5 /PRNewswire-FirstCall/ -- CellStar Corporation , a value-added wireless logistics and distribution services leader, today announced preliminary results of the management review of its Asia Pacific operation and preliminary results for the fourth quarter of 2004 and the first quarter of 2005. The Company has been unable to file its Annual Report on Form 10-K for 2004 and its Form 10-Q for the first quarter of 2005 as a result of accounting issues related to certain accounts receivable and revenues in its Asia Pacific Region. Corporate management has undertaken an intense review in the Asia Pacific Region consisting of interviews with personnel directly involved with the subject matter of the claims, a review of documentation related to the claims, and discussions with the Company's distribution network (the "Small Bees"). The Audit Committee of the Board of Directors engaged independent counsel and the Company's internal auditors to assist in the oversight of this process.

The Company is nearing completion of its review of the accounts receivable and revenues and is working with its independent auditor, Grant Thornton LLP, and its former independent auditor, KPMG LLP, to finalize the accounting treatment for the issues raised. KPMG LLP was the Company's independent auditors prior to fiscal 2003. Management currently believes that adjustments to the Company's previously reported financial results will be required. The net pre-tax effect to previously issued prior year financial statements is a decrease of approximately $26.0 million, all of which relates to the Asia Pacific Region. Accordingly, investors should not rely on the financial information contained in the Company's Annual Reports on Form 10-K for the years ended November 30, 2001, 2002, and 2003, and the Company's quarterly reports on Form 10-Q for the quarters ended in those periods, and for the quarters ended February 29, May 31 and August 31, 2004. This press release includes discussion of the Company's findings related to the accounts receivable and revenue issues, and the estimated financial impact is summarized in the attached table.

BACKGROUND ON THE ASIA PACIFIC REGION

Historically, the Asia Pacific Region has been very profitable and contributed significantly to the Company's consolidated results. In prior years, the region represented approximately 50% of the Company's total revenues, and approximately 90% of the revenues in the Asia Pacific region have been generated by the operation in the People's Republic of China ("PRC"). In 2004 the Asia Pacific Region is expected to represent approximately 37% of the Company's total revenues and, this will be the first fiscal year in the Company's history to report an operating loss in the region.

The success of the Asia Pacific operation has been largely due to the strong relationships that the Asian management team has built with its distribution channel consisting of 73 local distributors in China, the Small Bees. Approximately 95% of the total revenues in China have historically been generated by 26 Small Bees. The Company has cooperative arrangements with the Small Bees that allow them to establish wholesale and retail operations using CellStar's trademarks. Under the terms of these arrangements, CellStar provides services, sales support, training and access to promotional materials for use in their operations. As a result of these arrangements, approximately 1,700 retail points of sale in the PRC display the CellStar name and trademarks. In addition to these branded retail outlets, an additional 15,000 outlets in China carry CellStar products.

ACCOUNTS RECEIVABLE AND REVENUE ISSUES IN ASIA PACIFIC

During 2004, the Company experienced a significant increase in accounts receivable days outstanding ("DSO's") in its operation in the PRC. Historically, the Company has had no significant collection issues in the PRC. During 2004, however, the PRC market was undergoing a significant amount of change that negatively impacted the Company's business. Manufacturers began to sell directly to carriers, bypassing national distributors, and carriers began to subsidize phone purchases. Also, due to the growth in the number of local manufacturers in the market, the major manufacturers, such as Nokia and Motorola, experienced a significant loss of market share. This resulted in price reductions across the board, as manufacturers fought to maintain market share. There was also a tightening of credit by the PRC government to slow the rate of economic growth.

On December 1, 2004, the Company hired a new Director of Accounting for the Asia-Pacific Region. In early February 2005, the new Director of Accounting raised certain issues regarding some of the PRC's accounts receivable and revenue. The issues primarily focused on three areas: (1) whether or not certain sales to the Small Bees were valid; (2) whether claims made by the Small Bees for credits related to certain sales by the Company to the Small Bees should be recorded as an additional reduction in revenues; and (3) whether certain trade receivables should be more appropriately classified as investments or loans.

SUMMARY OF COMPANY'S FINDINGS TO DATE

The following summary represents the current results of management's review and may be adjusted upon completion of management's review and the Audit Committee's review.

Sales to Small Bees. The PRC operation recorded revenues, principally in the first half of 2004, for sales of products a significant portion of which had not been sold by the Small Bees at November 30, 2004. The Company's shipping documents indicate that the products were shipped to the Small Bees' locations at the time revenues were originally recorded. However, some of the products have had significant quality issues and experienced poor consumer acceptance. The Small Bees have subsequently returned the majority of these products to the Company. The Company continues to aggressively pursue negotiations and possible legal action with the manufacturers to reduce its loss on these defective products.

Due to the quality issues and subsequent returns, management has preliminarily determined that a return provision should have been recorded for these models of approximately $20.3 million and $1.4 million for the quarters ended May 31, 2004 and August 31, 2004, respectively. As a result of the provision, management expects that accounts receivable as previously reported is expected to be reduced approximately $23.8 million and $1.6 million at May 31, 2004 and August 31, 2004, respectively, and accrued expenses are expected to be reduced by $3.5 and $0.2, respectively, for the related value added tax ("VAT") payable. The corresponding increase to inventory is expected to be approximately $12.9 million and $1.5 million at May 31, 2004 and August 31, 2004 respectively and a reduction of cost of goods sold of approximately $12.9 million and $1.5 million for the quarters ended May 31, 2004 and August 31, 2004, respectively. The Company also expects to record inventory obsolescence of approximately $6.4 million for the returned product.

Claims for Credits. The PRC operation has historically received credits or other forms of compensation from its suppliers. These include credits for price protection, volume rebates, incentives for market coverage, and inventory accuracy. The PRC operation has historically passed some of these credits through to the Small Bees for products purchased from the PRC operation. The PRC operation has not historically granted credits to the Small Bees with respect to their claims in excess of the amount of compensation the PRC operation actually received from its suppliers. In 2004, the amount of claims received from the Small Bees exceeded the amounts received by the PRC operation from its suppliers. Although the PRC operation has no legal obligation to honor the Small Bees' claims, the Small Bees have not paid the accounts receivable related to these claims. Previously the Company recorded the credits provided to the Small Bees as a reduction in revenue in the period the credit was processed rather than at the time of the initial sale. As a result, the Company's reported revenues in previous periods did not properly include an estimate of the credits to be provided. The Company has begun negotiations with the Small Bees to settle certain claims and other issues resulting from the handset quality issues and accordingly expects to set up an $18.0 million provision.

Trade Receivables. At various times since 2000, the PRC informally extended trade terms to the Small Bees. Under these informally extended trade terms, the Small Bees purchased products from the PRC operation and the proceeds from the subsequent sales of these products were used by the Small Bees to develop new or expand existing wholesale and/or retail operations or to develop new business opportunities. The Company estimates there was approximately $20.0 million included in accounts receivable at November 30, 2004, with informally extended trade terms. While reviewing the nature of the credit terms, management questioned the appropriateness of the revenue recognition. Management has determined that the recognition of revenue for sales under these terms was not appropriate due to the indefinite nature of the extended credit and the absence of a formal agreement. Management has determined that revenues on the original sales transactions should have been deferred and the revenue recognized upon payment of the accounts receivable balance.

Based on the results of management's review, management has preliminarily determined its previously announced provision for bad debt for the quarter ended November 30, 2004, should be decreased from $20.0 million to $10.0 million. The Company intends to aggressively pursue collection of the accounts receivable through all reasonable means.

In addition to the accounting issues above, the Company identified additional weaknesses in internal controls in its PRC operation related to accounts receivable and revenues. These weaknesses include lack of adequate supporting written documentation, approval of credit terms, and insufficient formalized communication between the PRC operation and corporate management to ensure that all relevant information related to unusual, non-routine or judgmental transactions were made available to corporate accounting personnel in a timely manner. Also, design deficiencies in the operation's capturing and recording of credits granted to customers, cash application process, and VAT invoicing process were noted.

PRELIMINARY RESULTS FOR THE FOURTH QUARTER OF 2004

As the Company has not finalized its review of the accounts receivable and revenue issues in the Asia Pacific Region, these are preliminary results based on the Company's findings to date and the actual results may differ, and the differences could be material. Also, the Audit Committee of the Board of Directors has not completed its review of these issues.

For the fourth quarter of 2004, the Company expects to report consolidated revenues of approximately $296.0 million and a consolidated operating loss of approximately $34.0 million compared to revenues of approximately $ 470.0 million and an operating loss of $0.7 million in the fourth quarter of 2003.

Gross margins are expected to decrease from $23.0 million in the fourth quarter of 2003 to negative gross margins of $5.0 million in the fourth quarter of 2004. The Company anticipates providing obsolescence reserves for certain inventories in the PRC operation of approximately $15.0 million due to quality and market acceptance of handsets sourced from manufacturers from which the Company has not traditionally purchased phones.

Selling, general and administrative expenses are expected to increase to approximately $29.0 million in the fourth quarter of 2004 compared to $20.0 million in 2003. This increase was primarily due to $10.0 million in bad debt expense in the operation in the PRC.

Interest expense was $1.7 million in the fourth quarter of 2004 compared to $1.1 million in 2003.

Consolidated Balance Sheet

Cash, cash equivalents, and restricted cash at the end of the fourth quarter were $33.2 million compared to $55.6 million at the end of 2003. Compared to year end 2003, cashed declined $20.0 million in the Asia Pacific Region due to lack of collections related to the current accounts receivable issues in the Asia Pacific Region.

Accounts receivable are anticipated to decrease to $191.0 million from $208.0 million at the end of 2003. At November 30, 2004, net accounts receivable in the Asia Pacific Region are expected to be approximately $74.0 million compared to $96.0 million at November 30, 2003. Accounts receivable in Latin America increased $21.0 million, year over year, from $51.7 million at November 30, 2003 to $72.7 million at November 30, 2004. This increase was primarily due to the increased revenues in the fourth quarter of 2004. Accounts receivable in North America decreased $15.1 million from November 30, 2003 primarily due to collections in the last few days of November 2004.

Inventory is anticipated to be approximately $140.0 million at November 30, 2004 compared to $168.0 million at the end of the fourth quarter of 2003. The Asia Pacific Region and the North America Region are expected to decrease approximately $42.0 million and $18.0 million, respectively, and were partially offset by an increase in Latin America of $32.0 million.

Liquidity

As of November 30, 2004, the Company had borrowed $35.8 million against its $85.0 million domestic revolving credit facility compared to $19.3 million at the end of the fourth quarter of 2003. Availability under the revolving credit facility is asset based and measured weekly. The Company has obtained a waiver from Wells Fargo Foothill extending the date to file its Form 10-K for fiscal 2004 and its Form 10-Q for the first quarter of 2005 to May 16, 2005. The Company believes it will be successful in getting that date extended to May 31, 2005.

The Company believes that upon filing its Form 10-K or Form 10-Q, it will be in violation of certain financial covenants in the revolving credit facility. The Company believes it will be able to obtain a waiver of the violations from Wells Fargo Foothill, but there can be no assurance that the waiver will be granted.

The Company also had $55.4 million in loans to support its PRC operation compared to $88.5 million in the fourth quarter of last year. The loans are collateralized by PRC accounts receivable and have no corporate guarantees.

At November 30, 2004, the Company's long-term debt consisted of $12.4 million of 12% Senior Subordinated Notes that mature in January 2007. Although the Company is in violation of the indenture governing the Notes due to its failure to file the Form 10-K and Form 10-Q, the Company has not received a default notice related to the Notes. If it does receive a default notice, the Company has 60 days to cure the default. The Company is current on all interest payments related to the Notes.

Deferred Tax Asset

In assessing the realizability of deferred income tax assets, management considers whether it is more likely than not that the deferred income tax assets will be realized. At November 30, 2004 the Company expects to have deferred income tax assets, net of valuation allowances, of $50.0 million, a significant portion of which relates to net operating loss carryforwards. The ultimate realization of deferred income tax assets is dependent on the generation of future taxable income during the periods in which those temporary differences are deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible, including taxable income generated by tax planning strategies, management determines if it is more likely than not that the Company will realize the benefits of these deductible differences. The amount of the deferred income tax asset considered realizable, however, could be reduced if estimates of future taxable income during the carry-forward period are reduced. Upon completion of the review, the Company will reevaluate the deferred tax asset to determine whether or not an additional valuation allowance is needed.

Latin America

Latin America was the Company's strongest performing region in 2004. Demand in the region during the fourth quarter was strong as many carriers promoted their network upgrades. The Company's Latin America Region is expected to report revenues of approximately $121.8 million and operating income of approximately $2.0 million in the fourth quarter of 2004 compared to revenues of $81.0 million and an operating loss of $1.6 million in the fourth quarter of 2003. The region represented 42% of the total Company revenues in the fourth quarter of 2004 compared to 17% in the fourth quarter of 2003.

Over the last three years, the operation in Mexico has recognized operating losses of $9.8 million, $11.5 million, and $3.0 million in 2001, 2002 and 2003, respectively. Consequently, the Company has restructured the region, brought in new management teams, revised the business model and focused on supplier and carrier relationships in order to recapture market share.

Revenues in Mexico, the region's largest revenue contributor, are expected to be $72.5 million for the fourth quarter of 2004 compared to $37.2 million in 2003, a $35.3 million increase. Operating income in Mexico is anticipated to be $1.5 million in the fourth quarter compared to $0.7 in the fourth quarter of 2003. The improved results in Mexico in 2004 were due primarily to the Company's renewed relationships with Telcel, the largest wireless carrier in the country, and Motorola.

The Company's average monthly Telcel activations in Mexico have increased significantly to approximately 12,000 per month. In an effort to continue to grow activations, the Company announced in April of 2005 that it has invested in a joint venture in Mexico to provide handset distribution and activation services for Telcel. Currently the joint venture operates 43 kiosks inside Liverpool national department stores in Mexico in which they sell handsets, airtime and related accessory products, and provide activation services for Telcel. The joint venture also provides electronic delivery of airtime for Telcel to any handset model in all 53 Liverpool department stores nationwide. The new joint venture will more than double the Company's current monthly activation rate and provide opportunities to expand.

In March of 2005, the Company also announced that it is currently distributing Samsung product in Mexico. The Company is supplying the product to Unefon, one of its carrier customers in Mexico. Historically, Samsung has typically sold handsets directly to the carriers in Mexico; however, its customer base did not include Unefon until this time.

Revenues in the Company's Miami operation are expected to be $46.9 million in the fourth quarter compared to $29.4 million in the fourth quarter of 2003. Revenues were up 60% compared to the fourth quarter of last year due primarily to promotions by a carrier customer in Colombia and new business. The Company's Chile operation anticipates reporting revenues of $2.5 million in the fourth quarter compared to $5.2 million in 2003.

In March of 2005 the Company announced that it had adopted a new strategy in Latin America that focuses on the distribution of GSM products in the region. The new strategy was adopted as a result of the rapid carrier technology migration to GSM in Latin America. According to a report issued by 3G Americas, GSM mobile technology grew by 169% in 2004 in the Caribbean and Latin America region. The Company expects to strengthen its market position in the region as a result of the new direction. Since the fourth quarter of 2004, the Company's operation in Miami, which exports product to much of Latin America, has increased its handset purchases significantly to support the enormous growth opportunity of GSM technology.

North America

The Company's North America Region is expected to report revenues of approximately $112.0 million and operating income of approximately $0.7 million in the fourth quarter of 2004 compared to revenues of $145.8 million and operating income of $4.9 million in the fourth quarter of 2003. The drop in revenues compared to the fourth quarter of 2003 was primarily due to the Company's decision to discontinue its business with Cricket Communications and its indirect sales channel. The drop in operating income compared to the fourth quarter of 2003 was primarily due to the discontinuation of the business with Cricket and lower average selling prices as a result of selling more low-end product during the quarter. The North America Region generated 38% of the Company's total revenues in the fourth quarter of 2004 compared to 31% in the fourth quarter of 2003.

In the last several months there have been further consolidations in the U.S. wireless market with announcements of several high profile mergers and acquisitions. As the tier one wireless carriers get larger and gain market share, the smaller regional carriers, many of which are the Company's customers, are fighting to remain competitive. The Company believes that in order to combat the volatility of the handset business it will need to become less dependent on the handset distribution business.

During 2005, the North America Region will continue to market its reverse logistics capabilities. In an effort to execute the strategy, the Company has renewed its focus in the areas of new business and product development. The Company believes the current team has the experience and leadership skills needed to add high value-added services and products to the portfolio to complement the handset business in the U.S.

During 2005 the U.S. region is planning several updates to expand its all- in-one forward and reverse logistics solution, Omnigistics. The updates will include an advanced exchange program, enhanced asset recovery solutions and highly sophisticated technical product support. These upgrades will allow the Company to simplify the unpredictable and cumbersome back-end part of their customers business, so they can focus on maximizing their core business. The Company's goal is to differentiate CellStar from the competition by offering a "full circle", forward and reverse, solution to its customers.

The Company recently announced that it had expanded its relationship with Dobson Communications with two direct-to-consumer logistics solutions to help Dobson streamline its business processes, consolidate and minimize inventory management and provide seamless customer fulfillment. CellStar houses and manages inventory and fulfills orders for Dobson's multiple call centers and its online web purchases.

Asia Pacific

The Company's Asia Pacific Region expects to report revenues of approximately $62.0 million and an operating loss of approximately $30.0 million in the fourth quarter of 2004 compared to revenues of approximately $243.0 million and an operating loss of $1.0 million in the fourth quarter of 2003. The decline in revenues and operating income was primarily in the PRC. Revenues in the PRC declined significantly compared to the fourth quarter of 2003 due to the economic and market changes currently taking place in the region. The operating loss in the fourth quarter of 2004 is expected to include inventory obsolescence of $13.0 million and $10.0 million of bad debt expense in the PRC operation. The region represented 21% of the total Company revenues in the fourth quarter of 2004 compared to 52% in the fourth quarter of 2003.

PRELIMINARY RESULTS FOR THE FIRST QUARTER OF 2005

As many of the accounts receivable and revenue issues in the fourth quarter of 2004 will impact the results in the first quarter of 2005, the Company currently is unable to provide detailed estimates on the first quarter of 2005 for the Asia Pacific Region and on a consolidated basis until it has finalized results for the fourth quarter of 2004.

Latin America

The Company's Latin America Region is expected to report revenues of approximately $127.0 million and operating income of approximately $2.2 million in the first quarter of 2005 compared to revenues of $90.0 million and operating income of $2.0 million in the first quarter of 2004. Revenues in Mexico are anticipated to be up $21.0 million and revenues in the Company's Miami operation are anticipated to be up $24.5 million compared to the first quarter of 2004

North America

The Company's North America Region is expected to report revenues of approximately $100.0 million and an operating loss of approximately $0.2 million in the first quarter of 2005 compared to revenues of $111.2 million and operating income of $0.1 million in the first quarter of 2004

Asia Pacific

The Company's Asia Pacific Region expects to report revenues in the range of approximately $90.0 million to $100.0 million in the first quarter of 2005 compared to revenues of $247.0 million in the first quarter of 2004. The drop in revenues was due primarily to lower revenues in the PRC. Operating income in the first quarter of 2004 is expected to be approximately $11.0 million and is expected to be significantly lower or a loss in the first quarter of 2005.

SEC FILINGS

Management does not expect to file its Form 10-K for 2004 in definitive form with the SEC until May 31, 2005. Management expects to file its Form 10-Q for the first quarter of 2005 and required amended Form 10-Q's for the first three quarters of 2004 as soon as possible after filing its Form 10-K.

Due to the Company's inability to timely file its Form 10-K for fiscal 2004 and Form 10-Q for the first quarter of 2005, the Company received a Nasdaq Staff Determination notice for each of the periods indicating that the Company had violated The Nasdaq Stock Market's continued listing requirement set forth in Marketplace Rule 4310(c)(14), and as a result, the Company's common stock is subject to delisting from the Nasdaq National Market. The Company has requested that The Nasdaq Stock Market stay its delisting proceedings and grant the Company until May 31, 2005, to file its Form 10-K and as soon as possible thereafter, its Form 10-Q. The Company can provide no assurance that the Nasdaq Stock Market will grant its request for continued listing.

About CellStar Corporation

CellStar Corporation is a leading global provider of value added logistics and distribution services to the wireless communications industry, with operations in the Latin American, North American and Asia-Pacific Regions. CellStar facilitates the effective and efficient distribution of handsets, related accessories and other wireless products from leading manufacturers to network operators, agents, resellers, dealers and retailers. CellStar also provides activation services in some of its markets that generate new subscribers for its wireless carriers. Additional information about CellStar may be found on its website at http://www.cellstar.com/.

This news release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. A variety of risk factors, including the Company's ability to implement its business strategies, to maintain its channels of distribution, continue to secure an adequate supply of competitive products on a timely basis and on commercially reasonable terms, improve its operating margins, secure adequate financial resources, maintain an adequate system of internal control, comply with debt covenants, and continually turn its inventories and accounts receivable, as well as changes in foreign laws, regulations and tariffs, new technologies, system implementation difficulties, competition, handset shortages or overages, terrorist acts, a decline in consumer confidence and continued economic weakness in the U.S. and other countries in which the Company does business and other risk factors, are discussed in the Company's Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q. Any one, or a combination of these risk factors could cause CellStar's actual results to vary materially from anticipated results or other expectations expressed in the Company's forward-looking statements.

CellStar Corporation Summary of Asia Pacific Adjustments Amounts in thousands Unaudited REVENUES Consolidated (1) (2) (3) Adjusted Period revenues Return Provision Deferred consolidated as reported provision for rebates revenue revenues Year ended November 30, 2001 $ 2,224,207 1,447 11,538 2,211,222 Year ended November 30, 2002 1,923,583 1,007 (4,858) 1,927,434 Three months ended February 28, 2003 431,762 741 6,299 424,722 Three months ended May 31, 2003 378,530 964 6,762 370,804 Three months ended August 31, 2003 386,336 1,449 (29) 384,916 Three months ended November 30, 2003 470,708 758 29 469,921 Year ended November 30, 2003 1,667,336 3,912 13,061 1,650,363 Three months ended February 29, 2004 445,013 (4,257) 362 448,908 Three months ended May 31, 2004 329,714 20,302 10,536 2,216 296,660 Three months ended August 31, 2004 266,477 1,393 4,912 362 259,810 (a) Three months ended November 30, 2004 290,544 (4,009) 471 (2,155) 296,237 Year ended November 30, 2004 1,331,748 17,686 11,662 785 1,301,615 Total 17,686 18,028 20,526 COST OF SALES Consolidated (1) (1) cost of sales Return Inventory Adjusted as reported provision obsolescence cost of sales Year ended November 30, 2001 2,099,486 2,099,486 Year ended November 30, 2002 1,802,599 1,802,599 Three months ended February 28, 2003 406,668 406,668 Three months ended May 31, 2003 362,100 362,100 Three months ended August 31, 2003 365,417 365,417 Three months ended November 30, 2003 446,477 446,477 Year ended November 30, 2003 1,580,662 1,580,662 Three months ended February 29, 2004 419,103 419,103 Three months ended May 31, 2004 306,676 12,900 (4,786) 298,562 Three months ended August 31, 2004 256,052 1,494 2,695 251,863 (a) Three months ended November 30, 2004 292,582 (2,494) (4,345) 299,421 Year ended November 30, 2004 1,274,413 11,900 (6,436) 1,268,949 Total 11,900 (6,436) ACCOUNTS RECEIVABLE (1) (2) Accounts Cumulative Cumulative Adjusted receivable return provision accounts as reported provision for rebates receivable November 30, 2001 $ 216,002 (1,447) 214,555 November 30, 2002 175,102 (2,454) 172,648 February 28, 2003 181,704 (3,195) 178,509 May 31, 2003 210,353 (4,159) 206,194 August 31, 2003 186,813 (5,608) 181,205 November 30, 2003 214,835 (6,366) 208,469 February 29, 2004 274,528 (2,109) 272,419 May 31, 2004 270,619 (23,753) (12,645) 234,221 August 31, 2004 244,180 (25,383) (17,557) 201,240 (a) November 30, 2004 230,246 (20,692) (18,028) 191,526 INVENTORY (1) (1) Cumulative Cumulative Inventory return inventory Adjusted as reported provision obsolescence inventory November 30, 2001 218,927 218,927 November 30, 2002 163,226 163,226 February 28, 2003 185,061 185,061 May 31, 2003 177,945 177,945 August 31, 2003 172,779 172,779 November 30, 2003 167,807 167,807 February 29, 2004 144,934 144,934 May 31, 2004 136,333 12,900 (4,786) 144,447 August 31, 2004 134,673 14,394 (2,091) 146,976 (a) November 30, 2004 134,315 11,900 (6,436) 139,779 ACCRUED EXPENSES (1) (3) Accrued Cumulative Cumulative Adjusted expenses return of deferred accrued as reported inventory (VAT) revenue expenses November 30, 2001 21,804 11,538 33,342 November 30, 2002 31,934 6,680 38,614 February 28, 2003 28,002 12,979 40,981 May 31, 2003 29,577 19,741 49,318 August 31, 2003 24,377 19,712 44,089 November 30, 2003 24,470 19,741 44,211 February 29, 2004 30,682 20,103 50,785 May 31, 2004 31,445 (3,451) 22,319 50,313 August 31, 2004 26,963 (3,688) 22,681 45,956 (a) November 30, 2004 24,165 (3,006) 20,526 41,685 (a) - Periods ended November 30, 2004 have not been reported, however are included to assist in understanding the full impact of adjustments.

CellStar Corporation

CONTACT: Sherrian Gunn, +1-972-466-5031 for CellStar Corporation

Web site: http://www.cellstar.com/

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When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
Vulnerability management is vital for large companies that need to secure containers across thousands of hosts, but many struggle to understand how exposed they are when they discover a new high security vulnerability. In his session at 21st Cloud Expo, John Morello, CTO of Twistlock, addressed this pressing concern by introducing the concept of the “Vulnerability Risk Tree API,” which brings all the data together in a simple REST endpoint, allowing companies to easily grasp the severity of the ...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
It is of utmost importance for the future success of WebRTC to ensure that interoperability is operational between web browsers and any WebRTC-compliant client. To be guaranteed as operational and effective, interoperability must be tested extensively by establishing WebRTC data and media connections between different web browsers running on different devices and operating systems. In his session at WebRTC Summit at @ThingsExpo, Dr. Alex Gouaillard, CEO and Founder of CoSMo Software, presented ...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
"Cloud4U builds software services that help people build DevOps platforms for cloud-based software and using our platform people can draw a picture of the system, network, software," explained Kihyeon Kim, CEO and Head of R&D at Cloud4U, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics gr...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution. In his session at @ThingsExpo, Akvelon expert and IoT industry leader Sergey Grebnov provided an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
@ThingsExpo Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.

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Sponsorship opportunities are now open for Internet of Things at Cloud Expo 2018 New York, taking place June 5-7, at the Javits Center in New York, NY, and Internet of Things at Cloud Expo 2018 Silicon Valley, November 6-8, at the Santa Clara Convention Center in Santa Clara, CA. For sponsorship, exhibit opportunities and show prospectus, please contact Carmen Gonzalez, carmen (at) sys-con.com.



@ThingsExpo Silicon Valley All-Star Speakers Include

MATTHIEU
Octoblu

MAHADEV
Cisco

MCCARTHY
Bsquare

FELICIANO
AMDG

PAUL
VenueNext

SMITH
Eviot

BEAMER
goTraverse

GETTENS
goTraverse

CHAMBLISS
ReadyTalk

HERBERTS
Cityzen Data

REITBAUER
Dynatrace

WILLIAM-
SON

Cloud
Computing

SCHMARZO
EMC

WOOD
VeloCloud

WALLGREN
Electric Cloud

VARAN-
NATH

GE

SRIDHARA-
BALAN

Pulzze

METRIC
Linux

MONTES
Iced

ARIOLA
Parasoft

HOLT
Daitan

CUNNING-
HAM

ReadyTalk

BEDRO-
SIAN

Cypress

NAMIE
Cisco

NAKA-
GAWA

Transparent
Cloud

SHIBATA
Transparent
Cloud

BOYD
Neo4j

VANDER-
MINDEN

Flatiron
Strategies

JAME-
NSKY

Embotics

KOCHER
Grey Heron

SPROULE
Metavine

BLACK
SQLstream

WARD
DWE

MILLER
Covisint

EVAVOLD
Covisint

MEINER
Oracle

MEEHAN
Esri

WITECK
Citrix

LIANG
Rancher Labs

BUTLER
Tego

ROWE
IBM Cloud

SKILLERN
Intel

SMITH
Numerex
@ThingsExpo New York All-Star Speakers Include

CLELAND
HGST

VASILIOU
Catchpoint

WALLGREN
Electric Cloud

HINCH-
CLIFFE

7Summits

DE SOUZA
Cisco

RANDALL
Gartner

ARMSTRONG
AppNeta

SMALLTREE
Cazena

MCCARTHY
Bsquare

DELOACH
Infobright

QUINT
Ontegrity

MALAUCHLAN
Buddy Platform

PALIOTTA
Vector

MITRA
Cognizant

KOCHER
Grey Heron

PAPDO
POULOS

Cloud9

HARLAN
Two Bulls

GOLO
SHUBIN

Bit6

PROIETTI
Location
Smart

MARTIN
nfrastructure

MOULINE
Everbridge

MARSH
Blue Pillar

PARKS
SecureRF

PEROTTI
Plantronics

HOFFMAN
EastBanc

WATSON
Trendalyze

BENSONOFF
Unigma

SHAN
CTS

MATTELA
Redpine

GILLEN
Spark
Coginition

SOLT
Netvibes

BERNARDO
GE Digital

ROMANSKY
TrustPoint

BEAMER
GoTransverse

LESTER
LogMeIn

PONO
-MAREVA

Google

SINGH
Sencha

CALKINS
Amadeus

KLEIN
Rachio

HOASIN
Aeris

SARKARIA
PHEMI

SPROULE
Metavine

SNELL
Intel

LEVINE
CytexOne

ALLEN
Freewave

MCCALLUM
Falconstor

HYEDT
Seamless

@ThingsExpo Silicon Valley All-Star Speakers Include

SCHULZ
Luxoft

TAMBURINI
Autodesk

MCCARTHY
Bsquare

THURAI
SaneIoT

TURNER
Cloudian

ENDO
Intrepid

NAKAGAWA
Transparent

SHIBATA
Transparent

LEVANT-LEVI
testRTC

VARAN NATH
GE

COOPER
M2Mi

SENAY
Teletax

SKEEN
Vitria

KOCHER
Grey Heron

GREENE
PubNub

MAGUIRE
HP

MATTHIEU
Octoblu

STEINER-JOVIC
AweSense

LYNN
AgilData

HEDGES
Cloudata

DUFOUR
Webroot

ROBERTS
Platform

JONES
Deep

PFEIFFER
NICTA

NIELSEN
Redis

PAOLALANTORIO
DataArchon

KAHN
Solgenia

LOPEZ
Kurento

KIM
MapR

BROMHEAD
Instaclustr

LEVINE
CytexOne

BONIFAZI
Solgenia

GORBACHEV
Intelligent
Systems

THYKATTIL
Navisite

TRELOAR
Bebaio

SIVARAMA-
KRISHNAN

Red Hat
Cloud Expo New York All-Star Speakers Included

DE SOUZA
Cisco

POTTER
SafeLogic

ROBINSON
CompTIA

WARUSA
-WITHANA

WSO2 Inc

MEINER
Oracle

CHOU
Microsoft

HARRISON
Tufin

BRUNOZZI
VMware

KIM
MapR

KANE
Dyn

SICULAR
Basho

TURNER
Cloudian

KUMAR
Liaison

ADAMIAK
Liaison

KHAN
Solgenia

BONIFAZI
Solgenia

SUSSMAN
Coalfire

ISAACSON
RMS

LYNN
CodeFutures

HEABERLIN
Windstream

RAMA
MURTHY

Virtusa

BOSTOCK
IndependenceIT

DE MENO
CommVault

GRILLI
Adobe

WILLIAMS
Rancher Labs

CRISWELL
Alert Logic

COTY
Alert Logic

JACOBS
SingleHop

MARAVEI
Cisco

JACKSON
Softlayer

SINGH
IBM

HAZARD
Softlayer

GALLO
Softlayer

TAMASKAR
GENBAND

SUBRA
-MANIAN

Emcien

LEVESQUE
Windstream

IVANOV
StorPool

BLOOMBERG
Intellyx

BUDHANI
Soha

HATHAWAY
IBM Watson

TOLL
ProfitBricks

LANDRY
Microsoft

BEARFIELD
Blue Box

HERITAGE
Akana

PILUSO
SIASMSP

HOLT
IBM Cloudant

SHAN
CTS

PICCININNI
EMC

BRON-
GERSMA

Modulus

PAIGE
CenturyLink

SABHIKHI
Cognitive Scale

MILLS
Green House Data

KATZEN
CenturyLink

SLOPER
CenturyLink

SRINIVAS
EMC

TALREJA
Cisco

GORBACHEV
Systems Services Inc.

COLLISON
Apcera

PRABHU
OpenCrowd

LYNN
CodeFutures

SWARTZ
Ericsson

MOSHENKO
CoreOS

BERMINGHAM
SIOS

WILLIS
Stateless Networks

MURPHY
Gridstore

KHABE
Vicom

NIKOLOV
GetClouder

DIETZE
Windstream

DALRYMPLE
EnterpriseDB

MAZZUCCO
TierPoint

RIVERA
WHOA.com

HERITAGE
Akana

SEYMOUR
6fusion

GIANNETTO
Author

CARTER
IBM

ROGERS
Virtustream
Cloud Expo Silicon Valley All-Star Speakers

TESAR
Microsoft

MICKOS
HP

BHARGAVA
Intel

RILEY
Riverbed

DEVINE
IBM

ISAACSON
CodeFutures

LYNN
HP

HINKLE
Citrix

KHAN
Solgenia

SINGH
Bigdata

BEACH
SendGrid

BOSTOCK
IndependenceIT

DE SOUZA
Cisco

PATTATHIL
Harbinger

O'BRIEN
Aria Systems

BONIFAZI
Solgenia

BIANCO
Solgenia

PROCTOR
NuoDB

DUGGAL
EnterpriseWeb

TEGETHOFF
Appcore

BRUNOZZI
VMware

HICKENS
Parasoft

KLEBANOV
Cisco

PETERS
Esri

GOLDBERG
Vormetric

CUMBER-
LAND

Dimension

ROSENDAHL
Quantum

LOOMIS
Cloudant

BRUNO
StackIQ

HANNON
SoftLayer

JACKSON
SoftLayer

HOCH
Virtustream

KAPADIA
Seagate

PAQUIN
OnLive

TSAI
Innodisk

BARRALL
Connected Data

SHIAH
AgilePoint

SEGIL
Verizon

PODURI
Citrix

COWIE
Dyn

RITTEN-
HOUSE

Cisco

FALLOWS
Kaazing

THYKATTIL
TimeWarner

LEIDUCK
SAP

LYNN
HP

WAGSTAFF
BSQUARE

POLLACK
AOL

KAMARAJU
Vormetric

BARRY
Catbird

MENDEN-
HALL

SUPERNAP

SHAN
KEANE

PLESE
Verizon

BARNUM
Voxox

TURNER
Cloudian

CALDERON
Advanced Systems

AGARWAL
SOA Software

LEE
Quantum

OBEROI
Concurrent, Inc.

HATEM
Verizon

GALEY
Autodesk

CAUTHRON
NIMBOXX

BARSOUM
IBM

GORDON
1Plug

LEWIS
Verizon

YEO
OrionVM

NAKAGAWA
Transparent Cloud Computing

SHIBATA
Transparent Cloud Computing

NATH
GE

GOKCEN
GE

STOICA
Databricks

TANKEL
Pivotal Software


Testimonials
This week I had the pleasure of delivering the opening keynote at Cloud Expo New York. It was amazing to be back in the great city of New York with thousands of cloud enthusiasts eager to learn about the next step on their journey to embracing a cloud-first worldl."
@SteveMar_Msft
General Manager of Window Azure
 
How does Cloud Expo do it every year? Another INCREDIBLE show - our heads are spinning - so fun and informative."
@SOASoftwareInc
 
Thank you @ThingsExpo for such a great event. All of the people we met over the past three days makes us confident IoT has a bright future."
Yasser Khan
CEO of @Cnnct2me
 
One of the best conferences we have attended in a while. Great job, Cloud Expo team! Keep it going."

@Peak_Ten


Who Should Attend?
Senior Technologists including CIOs, CTOs & Vps of Technology, Chief Systems Engineers, IT Directors and Managers, Network and Storage Managers, Enterprise Architects, Communications and Networking Specialists, Directors of Infrastructure.

Business Executives including CEOs, CMOs, & CIOs , Presidents & SVPs, Directors of Business Development , Directors of IT Operations, Product and Purchasing Managers, IT Managers.

Download Cloud Expo Show Guide
Cloud Expo Show Guide
Download PDF

Join Us as a Media Partner - Together We Can Rock the IT World!
SYS-CON Media has a flourishing Media Partner program in which mutually beneficial promotion and benefits are arranged between our own leading Enterprise IT portals and events and those of our partners.

If you would like to participate, please provide us with details of your website/s and event/s or your organization and please include basic audience demographics as well as relevant metrics such as ave. page views per month.

To get involved, email Lissette Mercado at lissette@sys-con.com.

@ThingsExpo Blogs
This is the time of year when everyone makes his or her predictions for 2018. I have my predictions as well, but wanted to do something a bit more fun. So I thought I’d look backwards to the state of technology 50 years ago to gain some insights that we can use to make projections about 2018. That is, what “predictions” made in the 1950’s might tell us about 2018. However, it’s really hard to find predictions about the future made in the 1950’s. There was no Internet or Social Media or Reality TV, so I found the next best proxy…sci-fi movies! I decided to review the most popular sci-fi mo...
Our cities have been connected since the dawn of urbanization in the Indus Valley and on the plains of Mesopotamia nearly ten millennia ago. Cities exist to gather and connect people, bringing us together into communities and joint ventures that need complex networks of communication. But in recent years the connected city has come to mean something more. Today and in the future, the connected city will not just be about people connecting with people, but people with machines, people with people via machines, and perhaps most importantly, machines with machines.
The time of year when crystal balls get a viewing and many pundits put out their annual predictions for the coming year. Copying off since 2012, rather than thinking up my own, I figured I’d regurgitate what many others expect to happen. Top 10 Cyber Security Predictions for 2018 – Infosec Institute kicks off this year’s Top 10, Top 10 list with a look back at their 2017 predictions (AI, IoT, etc.) and dives head first into 2018 noting that Ransomware will be the most dangerous threat to organizations worldwide; cryptocurrency will attract fraudsters looking to mine; cloud security will (ag...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the development process, accelerating application delivery times, and ensuring that developers will become hero...
A strong declaration from a historically antagonist foe should put chills in the hearts of Americans preparing themselves for the world ahead: Russian President Vladimir Putin says the nation that leads in AI will be the ruler of the world [1]” … The ruler of the world! From the article (with some modification to avoid political landmines), we get the following: “The development of artificial intelligence has increasingly become a national security concern in recent years. It is China and the US (not Russia), which are seen as the two frontrunners, with China recently announcing its ambi...
This month, an AI (artificial intelligence) system passed a medical exam in China for the first time. I wonder how its bedside manner will be? In addition, Saudi Arabia granted citizenship to a robot named Sophia. With all these rapid advancements, I think it is time we explore the spiritual life of robots. Up till recently, programmers coded and configured algorithms, AI, automation and machine learning system and took personal responsibility for all the code. Today, however, AI has escaped the confines of human oversight and has been empowered and employed to self-program, self-optimize, ...
Augmented reality (AR) and virtual reality (VR) have been the subject of much discourse in the last several years. They were widely anticipated in the gaming and entertainment industries, but in marketing and corporate settings, the benefits were murky at best. Today, these technologies are becoming more of a reality in all areas of business. For example, the new IKEA® shopping app leverages augmented reality to help shoppers determine how certain popular items will look in their homes – no trip to a crowded megastore necessary. Marriott® deployed virtual reality for customers to see its hot...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
As we end 2017, I’m tired of writing “lecturing” blogs about what organizations should be doing to master data monetization in order to power their business models and achieve digital transformation. While the objective of every organization should be to master big data and data science (artificial intelligence, machine learning, deep learning) to drive “data monetization,” let’s take a breath and have some fun. My recent ankle surgery afforded me the opportunity to binge watch “Game of Thrones.” As I watched the impending battle between the White Walkers and humanity, I couldn’t help but ...
For better or worse, big data has irrevocably altered the digital landscape. The explosion in variety, velocity, volume and value of information presents an abundance of previously unimaginable opportunity. But it also creates a number of challenges that need to be successfully navigated. This reshaped technical world poses the following question to organizations: do you risk presenting, stale, incorrect or erroneous data to your customers? Because, with 2.5 quintillion bytes of data now being created every day, finding a way to manage and harness such potential is a new experience for everyo...
Net Neutrality rules were originally enacted to ensure that all Americans would have equal access to a free and open Internet. We can argue about what Net Neutrality rules did and did not accomplish in a moment, but now I want to explore the most sensational of all the post–Net Neutrality fears: the death of the Internet. If you’re still reading, you know that the FCC voted to repeal Net Neutrality rules (aka the Open Internet) and replace it with the “Restoring Internet Freedom” order. The outcry from the Open Internet camp has been loud, hyperbolic, hypothetical, and mostly based on the fun...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be looking at some significant engineering investment. On-demand, serverless computing enables deve...
“Why incur the expense of generating and collecting all of this IoT data if you’re not going to monetize it?” Organizations are racing to embrace the Internet of Things (IoT) as the pundits create “visions of sugar-plums dancing in their heads.” McKinsey Global Institute released their study “The Internet of Things: Mapping the Value beyond the Hype” in June 2015 that highlighted the staggering financial value that IoT could create! (See Figure 1.)
Recently I read somewhere this statement – As we end 2017 and look ahead to 2018, topics that are top of mind for data professionals are the growing range of data management mandates, including the EU’s new General Data Protection Regulation that is directed at personal data and privacy, the growing role of artificial intelligence (AI) and machine learning in enterprise applications, the need for better security in light of the onslaught of hacking cases, and the ability to leverage the expanding Internet of Things.
There is a war a-brewin’, but this war will be fought with wits and not brute strength. Ever since Russian President Vladimir Putin’s declaration that “the nation that leads in AI (Artificial Intelligence) will be the ruler of the world,” the press and analysts have created hysteria regarding the ramifications of artificial intelligence on everything from public education to unemployment to healthcare to Skynet. Note: artificial intelligence (AI) endows applications with the ability to automatically learn and adapt from experience via interacting with the surroundings / environment. See the b...
What's disruptive innovation, and why does it matter to leaders in the C-suite? It's how the savvy non-conformist will target market opportunities. How does this happen, when established companies seem to have the advantage? Creative software developers can quickly apply new technologies and digital business models to capture untapped demand.

Moreover, the most disruptive new companies will eventually reshape entire industries, swiftly pushing aside the legacy incumbent players -- it's a form of Digital Darwinism. The global networked economy will blossom, thanks to the pervasive In...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to iterate use cases, bring understanding to those seeking to explore complicated technical concepts and ...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infras...
So data warehousing may not be cool anymore, you say? It’s yesterday’s technology (or 1990’s technology if you’re as old as me) that served yesterday’s business needs. And while it’s true that recent big data and data science technologies, architectures and methodologies seems to have rendered data warehousing to the back burner, it is entirely false that there is not a critical role for the data warehouse and Business Intelligence in digitally transformed organizations.