text:
|By Marketwired .
Article Rating:
|September 4, 2014 05:00 PM EDT
OTTAWA, ONTARIO -- (Marketwired) -- 09/04/14 -- International Datacasting Corporation ("IDC") (TSX:IDC), a technology provider for the world's premiere broadcasters, announced its financial results today for the first half and second quarter ended July 31, 2014. Total revenues and financial results decreased from the same period in Fiscal 2014, however compared with the previous quarter both product revenues and margins improved. All amounts in this release are in Canadian dollars unless otherwise stated.
Financial Highlights
(in thousands, except for gross margin (GM) and loss per share)
Three months ending July 31, Six months ending July 31, ----------------------------- ----------------------------- ----------------------------- ----------------------------- 2014 2013 2014 2013 ------------- ------------- ------------- ------------- Revenues: GM GM GM GM Products $ 2,217 50% $ 3,575 43% $ 4,155 42% $ 7,601 48% Services 382 32% 1,279 52% 1,274 39% 2,620 48% --------- --------- --------- --------- Total revenues$ 2,599 $ 4,854 $ 5,429 $ 10,221 --------- --------- --------- --------- Gross profit $ 1,230 47% $ 2,203 45% $ 2,253 41% $ 4,913 48% Operating expenses $ 2,551 $ 2,586 $ 5,136 $ 5,397 Adjusted EBITDA (Loss) (1) $ (1,216) $ (222) $ (2,421) $ (158) Net loss $ (1,322) $ (409) $ (2,888) $ (511) Net loss per share $ (0.02) $ (0.01) $ (0.05) $ (0.01) (1) Adjusted EBITDA is a non-GAAP financial measure. The reconciliation of Adjusted EBITDA to Net Loss is provided at the end of this release.
Second Quarter Results
Revenues totaled $2.6 million for the second quarter of Fiscal 2015, 46% lower than the prior year's second quarter. The decrease was primarily due to the non-renewal of the Canadian Forces Radio and Television service, as well to the deferral of certain orders for data and digital cinema products to future quarters. The total gross margin for the quarter improved to 47% from 45% for the comparable prior period, primarily due to a more favorable mix of products sold as well as reduced overheads. IDC incurred a net loss of $1.3 million in the second quarter, compared to a loss of $0.4 million in Fiscal 2014.
When comparing IDC's second quarter product sales with the first quarter of Fiscal 2015, revenues increased by 14% and gross margins improved from 34% to 50% in the quarter. These results reflect more favorable margins from sales of newer products as well as reductions in overhead costs.
While total revenues in the first half of Fiscal 2015 decreased by 47% from the previous year, deferred revenues doubled to $1.0 million at July 31st, 2014 as compared to January 31, 2014. These deferred revenues will be recognized in future quarters.
At July 31, 2014, IDC's working capital was $5.0 million, including $1.8 million in cash. In addition, on September 3rd IDC received a commitment from a major financial institution for a new financing facility that will provide up to $1 million of additional liquidity.
Progress and Outlook
During the first half of Fiscal 2015, IDC made significant progress in executing our turnaround plan. Key accomplishments during this period included the following:
-- We restructured IDC's operations to significantly reduce our overheads and operating costs, contributing to improved gross margins and to a significantly lower breakeven point. -- We put in place a new, more streamlined organization structure that will contribute to reducing cost, increasing agility, and simplifying decision making. -- We introduced the TITAN 3 Contribution Encoder, which was completed ahead of schedule and shipped to multiple customers for trials and revenue during the second quarter. -- We announced the LASER MPS, a multi-channel ad and content insertion platform suitable for digital terrestrial and satellite networks, and plan initial shipments in the fourth quarter. -- During the second quarter, we completed customer acceptance testing for a LASER(TM) Targeted Ad Insertion Platform for a large TV broadcaster based in Latin America. -- In July 2014, IDC partnered with Sony and Vue Entertainment to successfully deliver world's first 4K live event broadcasts of the 2014 FIFA World Cup(TM) matches to cinemas in London, United Kingdom. -- Our sales pipeline continued to develop in line with our stated guidance to reach operating profitability in the second half of Fiscal 2015.
Doug Lowther, IDC's President and CEO, stated, "While IDC's net loss has decreased over the last three quarters, this has primarily been achieved as a result of cost controls. In the second half of Fiscal 2015, our focus will be on revenue growth. We believe that our new and enhanced products will enable IDC to increase product revenues from those achieved in the last few quarters, and continue to anticipate a return to profitability during the second half of Fiscal 2015."
For further information on IDC's second quarter results, refer to the unaudited interim condensed consolidated financial statements and Management's Discussion and Analysis that will be available on SEDAR (www.sedar.com) after the Toronto Stock Exchange closes on September 4, 2014.
Financial Summary and Conference Call
This announcement will be followed by a Management conference call at 8:30 a.m. ET on Friday, September 5, 2014, to discuss the results, and to respond to questions from investors.
Mr. Doug Lowther, President and CEO of IDC, cordially invites all interested parties to participate in the conference call.
CONFERENCE DATE: Friday September 5, 2014 CONFERENCE TIME: 8:30 a.m. ET DIAL-IN NUMBERS: 613-233-1979 / 888-789-9572 PARTICIPANT CODE: 8669963 WEBCAST: A live audio webcast of the conference call will be available at the following link: http://www.gowebcasting.com/5870. This webcast will be archived here for 365 days. Please connect to the website at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be needed to access the webcast.
About International Datacasting Corporation:
International Datacasting Corporation (TSX:IDC) is a global technology provider for the world's premiere broadcasters in radio, television, data and digital cinema. IDC's products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite news gathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. For more information visit: www.datacast.com.
Forward-Looking Statements:
This press release contains certain information that may constitute "forward-looking information" and/or "forward-looking statements" within the meaning of applicable Canadian securities laws including, without limitation, management's beliefs with respect to strategy, efficiencies, results and costs savings in Fiscal 2015, management's expectations with respect to customer acceptance of, and the receipt of orders for, the company's products, and management's expectations with respect to the impact of new personnel and a restructured sales force. All forward-looking information and forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material assumptions used to develop the forward looking-statements made in this release include anticipated cost savings resulting from the initiatives taken by IDC under its action plan, anticipated impact of senior personnel, consolidation of operations and restructuring of the sales force, management's perceptions of current conditions and expected future developments, expectations regarding future shipments of IDC products, management's knowledge of the current credit, interest rate and liquidity conditions affecting IDC as well as other considerations that are believed to be appropriate in the circumstances.
All statements other than statements which are reporting results as well as statements of historical fact are forward-looking statements that may involve a number of known and unknown risks, uncertainties and other factors; many of which are beyond the ability of IDC to control or predict.
Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "design", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that might cause actual results to differ materially include, but are not limited to: competitive developments; risks associated with IDC's growth; expectations regarding new product initiatives and timing, including the STAR Pro Audio(TM) Solution, LASER(TM) Targeted Ad Insertion Platform, and TITAN 3 Video Encoder; a lengthy and variable sales cycle for IDC's products and services; any difficulties or disputes with IDC's subcontractors, contract manufacturers and suppliers; IDC's dependence on the development and growth of the satellite services market; a lengthy and variable sales cycle for IDC's products and services; IDC's reliance on a small number of customers for a large percentage of its revenue; expectations with respect to the sufficiency of its financial resources and liquidity; regulatory risks and intellectual property infringement. Further, any incorrect identification of, or failure or delay in identifying, areas that require attention in IDC's business as part of the company's strategic review, or inability to successfully address areas requiring increased focus in accordance with IDC's action plan, could materially adversely affect the company's business, financial conditions, and results of operations as well as other key indicators.
More detailed information about potential factors that could affect IDC's financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR at www.sedar.com, including, without limitation, IDC's Annual Information Form and MD&A for the year ended January 31, 2014, and our MD&A for the quarter ended July 31, 2014.
Except as expressly required by applicable law, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements are provided to assist external stakeholders in understanding IDC's expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements.
INTERNATIONAL DATACASTING CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION As of July 31, 2014 and January 31, 2014 (Canadian dollars) January 31, July 31, 2014 2014 ----------------- ----------------- ASSETS Current Assets Cash $ 1,835,752 $ 2,734,655 Short-term investments - 72,500 Accounts receivable 2,425,416 3,289,596 Inventories 3,931,284 3,793,347 Other assets 436,335 438,268 ----------------- ----------------- Total Current Assets 8,628,787 10,328,366 ----------------- ----------------- ----------------- ----------------- Non-Current Assets Capital assets 550,316 536,057 ----------------- ----------------- Total Non-Current Assets 550,316 536,057 ----------------- ----------------- TOTAL ASSETS $ 9,179,103 $ 10,864,423 ----------------- ----------------- ----------------- ----------------- LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts payable $ 1,371,674 $ 1,159,025 Accrued liabilities 1,095,602 1,545,234 Customer deposits 37,793 30,654 Deferred revenue - current portion 626,876 349,870 Provisions 464,565 254,575 Current tax liability 12,660 9,496 ----------------- ----------------- Total Current Liabilities 3,609,170 3,348,854 ----------------- ----------------- Non-Current Liabilities Deferred tax liability 15,087 14,551 Deferred revenue 371,267 129,568 ----------------- ----------------- ----------------- ----------------- Total Non-Current Liabilities 386,354 144,119 ----------------- ----------------- TOTAL LIABILITIES 3,995,524 3,492,973 ----------------- ----------------- ----------------- ----------------- Shareholders' Equity Capital stock 24,034,398 23,637,259 Contributed surplus 3,704,185 3,401,345 Accumulated other comprehensive loss (229,729) (229,729) Accumulated deficit (22,325,275) (19,437,425) ----------------- ----------------- TOTAL SHAREHOLDERS' EQUITY 5,183,579 7,371,450 ----------------- ----------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 9,179,103 $ 10,864,423 ----------------- ----------------- ----------------- ----------------- INTERNATIONAL DATACASTING CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE THREE AND SIX MONTH PERIODS ENDED JULY 31, 2014 and 2013 (Canadian dollars, except for share data) Three Months Ended Six Months Ended July 31, July 31, July 31, July 31, 2014 2013 2014 2013 -------------- -------------- -------------- -------------- REVENUE Products $ 2,216,742 $ 3,574,741 $ 4,154,679 $ 7,600,514 Services 382,197 1,278,661 1,274,022 2,619,697 -------------- -------------- -------------- -------------- Total revenue 2,598,939 4,853,402 5,428,701 10,220,211 COST OF REVENUE 1,369,025 2,650,009 3,176,130 5,306,819 -------------- -------------- -------------- -------------- GROSS PROFIT 1,229,914 2,203,393 2,252,571 4,913,392 -------------- -------------- -------------- -------------- OPERATING EXPENSES Selling, general and administrative 1,448,498 1,507,504 2,608,617 3,297,218 Research and development, net of investment tax credits 1,100,651 1,087,536 2,507,402 2,121,277 Foreign exchange loss (gain) 1,536 (9,291) 20,325 (21,530) -------------- -------------- -------------- -------------- Total operating expenses 2,550,685 2,585,749 5,136,344 5,396,965 -------------- -------------- -------------- -------------- OPERATING LOSS BEFORE OTHER ITEMS (1,320,771) (382,356) (2,883,773) (483,573) Realized (loss) on sale of investments - (25,344) - (25,344) Interest Income 4,944 13,185 9,568 34,213 Interest expense (858) - (858) (1,182) -------------- -------------- -------------- -------------- LOSS BEFORE INCOME TAXES (1,316,685) (394,515) (2,875,063) (475,886) Income tax recovery (expense): Current (5,216) (21,676) (12,251) (42,680) Deferred 182 7,505 (536) 7,505 -------------- -------------- -------------- -------------- NET LOSS $ (1,321,719) $ (408,686) $ (2,887,850) $ (511,061) -------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------- COMPREHENSIVE LOSS $ (1,321,719) $ (408,686) $ (2,887,850) $ (511,061) -------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------- NET LOSS PER SHARE Basic $ (0.02) $ (0.01) $ (0.05) $ (0.01) Diluted $ (0.02) $ (0.01) $ (0.05) $ (0.01) Weighted average number of shares outstanding - basic 58,599,366 58,484,642 58,553,360 58,101,769 Weighted average number of shares outstanding - diluted 58,599,366 58,484,642 58,553,360 58,101,769 INTERNATIONAL DATACASTING CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE THREE AND SIX MONTH PERIODS ENDED JULY 31, 2014 and 2013 (Canadian dollars) Three Months Ended Six Months Ended July 31, July 31, July 31, July 31, 2014 2013 2014 2013 -------------- -------------- -------------- -------------- OPERATING ACTIVITIES Net loss $ (1,321,719) $ (408,686) $ (2,887,850) $ (511,061) Add items not requiring an outlay of cash: Depreciation and amortization 53,097 160,157 91,741 325,332 Deferred tax adjustments (182) (7,505) 536 (7,505) Realized loss on sale of available-for- sale investments - 25,344 - 25,344 Unrealized loss (gain) on derivatives 8,968 (58,643) 8,968 (32,024) Stock-based compensation 220,423 16,660 302,840 22,761 -------------- -------------- -------------- -------------- (1,039,413) (272,673) (2,483,765) (177,153) Net change in non-cash working capital: Accounts receivable 263,205 328,661 864,180 926,322 Inventories (532,116) (745,449) (137,937) (927,714) Other assets (172,335) (266,814) 1,933 (425,809) Accounts payable and accrued liabilities 658,834 (470,081) (243,137) (746,531) Customer deposits 1,512 (63,317) 7,139 (328,391) Deferred revenue 160,735 (40,095) 518,705 156,960 Provisions (27,542) 12,690 209,990 38,620 Current tax liability 5,178 22,022 3,164 8,538 -------------- -------------- -------------- -------------- Net cash applied to operating activities (681,942) (1,495,056) (1,259,728) (1,475,158) -------------- -------------- -------------- -------------- INVESTING ACTIVITIES Redemption of short-term investment 50,000 - 72,500 - Proceeds from sale of available-for- sale investments - 1,974,646 - 1,974,646 Purchase of capital assets (95,757) (42,572) (106,000) (141,701) -------------- -------------- -------------- -------------- Net cash applied to investing activities (45,757) 1,932,074 (33,500) 1,832,945 -------------- -------------- -------------- -------------- FINANCING ACTIVITIES Repayments of obligations under capital leases - - - (2,999) Issuance of common shares 394,325 - 394,325 231,000 -------------- -------------- -------------- -------------- Net cash provided by financing activities 394,325 - 394,325 228,001 -------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------- Net increase (decrease) in cash during the period (333,374) 437,018 (898,903) 585,788 CASH - Beginning of period 2,169,126 5,091,795 2,734,655 4,943,025 -------------- -------------- -------------- -------------- CASH - End of period 1,835,752 $ 5,528,813 $ 1,835,752 $ 5,528,813 -------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------- International Datacasting Corporation NON-GAAP FINANCIAL MEASURE RECONCILIATION ADJUSTED EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION, AND AMORTIZATION FOR THE THREE AND SIX MONTHS ENDED JULY 31, 2014 and 2013 (Canadian dollars) Three months ended Six months ended July 31, July 30, 2014 2013 July 31, 2014 July 30, 2013 -------------- --------------- --------------- -------------- Net loss reported under IFRS (unaudited) $ (1,321,719) $ (408,686) $ (2,887,850) $ (511,061) Add (subtract): Restructuring expense 51,990 - 370,640 - Depreciation expense 53,097 160,157 91,741 325,332 Interest expense 858 - 858 1,182 Income tax expense 5,034 14,171 12,787 35,175 Net investment income (4,944) 12,159 (9,568) (8,869) -------------- --------------- --------------- -------------- Adjusted EBITDA (Loss) $ (1,215,684) $ (222,199) $ (2,421,392) $ (158,241) -------------- --------------- --------------- -------------- -------------- --------------- --------------- --------------
In this release, IDC has presented Adjusted EBITDA, which is a "non-GAAP financial measure" and accordingly it is not an earnings measure recognized by IFRS and does not carry standard prescribed significance. Moreover, IDC's method for calculating Adjusted EBITDA may differ from that used by other companies using the same designation. Accordingly, we caution readers that Adjusted EBITDA should not be substituted for determining net income (loss) as an indicator of operating results or as a substitution for cash flows from operating and investing activities.
We believe Adjusted EBITDA is a meaningful and useful financial metric to investors and analysts for measuring and predicting its operating performance by excluding interest expense and income, income taxes, depreciation and amortization as well as unusual and/or non-recurring charges as noted in the above table.
International Datacasting Corporation
Doug Lowther
President & CEO
+1 613 596 4120 ext. 2211
[email protected]
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What Can We Eat?
Show 165
Highlights: dLife takes an in-depth look at how our national food supply affects obesity and diabetes, and how people with diabetes make smart choices today. Plus, the challenges, frustrations, and great tips for everyday eating with diabetes. And Chef Michel Nischan gives us a tasty, low-carb variation on a classic barbecue dish.
Special Guests: CDE Nancy Bennett
dLifeTV Web Extras:
- Get tips on nutrition.
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- Get CDE Nancy Bennett's recipes for Turkey Mandarin Salad, Greek Omelet, Hot and Sour Soup, and dLife Salsa.
- Get Chef Michel Nischan's recipe for Mediterranean Chicken Kabobs.
- Learn more about Michel Nischan.
- Find out healthy ways to have your favorite foods.
- Watch video from this show.
- Meet the hosts.
- Read the transcript from this show.
- Buy this show on VHS or DVD.
- Visit the dLife Wall.
- Talk about this dLifeTV episode in the dLife Community Forum.
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subset: commoncrawl


text:
< 1k
in the U.S.
since 1880
- Gender: Unknown
Pronunciation of Aikeeha
How popular is the baby name Aikeeha in the U.S.?
Out of 5,743,017 records in the U.S. Social Security Administration public data, the name "Aikeeha" was not present. It is possible the name you are searching has less than five occurrences per year. You might want to use a short version of your first name or perhaps your nickname.
On the other hand, you simply have a name that no one else in America is using. For 136 years only your parents have thought of using your name. Hoorah! You are a unique individual.
What does the name "Aikeeha" mean?
A is for amenable, for your easy going nature.
I is for impressive, your list of qualities.
K is for kid, the child within.
E is for eternal, your spirit will live.
E is for enjoy, your life can be fun!
H is for hardy, can't keep you down!
A is for accord, the harmony you spread.
Your name in reverse order is "Aheekia". A random rearrangement of the letters in your name (anagram) will give "Ikeaaeh". How do you pronounce that?
Now try the names of everyone you know including friends, cousins, neighbors, classmates, co-workers or your pets. Even your favorite anime, TV or movie characters! See what their names mean. Remember, this is purely just for fun.
Past life for Aikeeha born Jun 27, 1928
I do not know how you feel about it, but you were a male in your last earthly incarnation. You were born somewhere around the territory of Wales approximately on 1525. Your profession was entertainer, musician, poet, and temple-dancer.
You always liked to travel, to investigate, could have been detective or spy. Your lesson - to conquer jealousy and anger in yourself and then in those, who will select you as their guide. You should understand that these weaknesses are caused by fear and self-regret.
Name poster for Aikeeha
(click to save the high quality version)


text:
Women's Basketball
Nov. 5, 2012
The Toreros were paced by a double-double from sophomore forward Sophia Ederaine, who had 13 points, 10 rebounds and added in four blocked shots. Junior guard Amy Kame also had a spectacular night, as she recorded a game-high 14 points, on 6-of-10 shooting from the field, while recording five rebounds and dishing out five assists. Alysse Barlow made her Torero debut, and was nothing short of amazing, as she recorded nine points, and dished out a game-high seven assists at the point guard position. As a team, USD shot .479 from the field and out rebounded the Hawks 54-43.
For SDC, Chardonnay Shula paced the the team's offense with 14 points on 6-of-16 shooting from the field, while Melissa Beatty recorded a double-double with 10 points and 10 rebounds. As a team, the Hawks shot .224 from the field.
In the first half, a Felicia Wijenberg lay-up sparked a 13-5 San Diego run, that was capped on a Kame lay-up to give the Toreros the early momentum with 14:28 to go in the half. After the Hawks called a 30-second timeout, a Ederaine lay-up then ignited a 10-4 Torero run, which gave the home team all the momentum and a comfortable 21-7 lead with 11:10 to go. USD would not ease up, as they would eventually built up a 25-point lead heading into the break, up 44-19.
In the second half, it was more of the same, as USD continued to pull further, and further away from the Hawks, and with 9:08 to go, a Maya Hood jumper gave the Toreros their biggest lead of the game at 71-28, and USD never looked back. The Toreros then cruised their away to a 79-38 win.
USD will open the regular-season up on Saturday, as they host Cal State San Marcos in a 2 p.m. non-conference game inside the friendly confines of the Jenny Craig Pavilion.
Softball Golf Tournament Promo
September 17th at Bernardo Heights CC.
Meet the Toreros: Isaiah Wright
Former Utah Ute will redshirt the 2016-17 season.
Training Camp Update
Team prepares for Saturday scrimmage.
Meet the Toreros: Patricia Brossmann
6'0" freshman forward from Berlin, Germany.
Meet the Toreros: Mark Carbone
6'2" freshman guard from Wethersfield, CT.
Meet the Toreros: Madison Pollock
6'1" freshman guard from Snohomish, Wash.
Women's Soccer In the Community
Toreros host soccer skills clinic at Linda Vista Elementary.
Meet the Toreros: Juwan Gray
6'8" freshman forward from Dover, Delaware.
Toreros Open Training Camp
The USD women's soccer team began training camp today.
Meet the Toreros: Nassir Barrino
6'0" freshman guard from Newark, New Jersey.
Meet the Toreros: José Martinez
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Steve Jobs
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4.6 out of 5 stars
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Steve Jobs
Walter Isaacson
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Top positive review
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40 people found this helpful
4.0 out of 5 stars
What a great man!
Hasan Tariq
on 7 April 2015
Wow. I'm halfway through this book and, while it's well-written and interesting, I can't get over what a jerk SJ was. Yes, he was brilliant and all that. But he seemed to view other humans as nothing more than ants in his ant farm, sub-biologicals that he could squish whenever he felt like it. And did.
Some might say that his gifts to tech development, or the fact that he changed and invented whole industries, would compensate. Maybe the two things went together, cruelty and brilliance.
But the lesson to be drawn here, future CEOs, isn't that his cruelty fed his brilliance! He was aware of the pain he was causing other people, yet like so many other cruel, overbearing, harsh, thoughtless and petulant overlords, he was very thin-skinned. Also, I don't believe that his often-cited sense of abandonment, from having been put up for adoption, justifies his behaviour.
He was, as the author put it, "bratty." Jobs would fiddle with design changes to the point of driving his team mad. A thousand different variations of white weren't satisfactory. He wanted a new colour to be invented, regardless of the damage done to the roll out of the new object.
As I said, I'm only halfway through the book. Hopefully there'll be some positive info about SJ that will balance out some of the negativity I've spelled out. I'll finish this review when I finish the book.
April, 15 2015: I finished the book. Here are the rest of my thoughts.
Isaacson makes an interesting point when he says Jobs was a genius. He means genius not in terms of a high IQ, but in terms of an ability to see things in surges of intuition, inspiration, and creativity. Because of his genius, I agree that Jobs deserves to be included in the company of Edison, Franklin, et al.
Steve Jobs pushed everybody until they wanted to kill him, but the pushing yielded amazing, brilliant new products. His unique brainpower allowed him to see how things might align, merge, and serve each other, and how utility might be blended with art. That vision led to creations of whole industries.
His obsession with perfection and control led him to flirt with emulating the Big Brother that Apple was created to bring down. One of the fascinating threads of this book was the debate between proponents of closed and open systems. Was it better to manufacture a pristine, inflexible system or the messier free thinking open system? And what were the implications of that belief on Jobs' view of his customers and his world view?
Yet he defined petulance. His food had to be just so. He would send back a glass of orange juice three times until finally satisfied it was fresh. He was vindictive, cruel and even Machiavellian. He wasn't much of a family man, and he ignored his kids to a painful extent. Isaacson mused that Jobs' meanness wasn't a critical part of his success. He was totally aware of its effect on others, yet he indulged.
In spite of my aversion to the man, I actually felt empowered as I came to the end of the book. Steve Jobs had lived by certain precepts, which in the current economy we could all benefit from:
---Know your value
---Have a skill you can sell. Be really, really good at something.
---Things can turn around if you persevere, but don't be afraid to walk away.
Unbending to the end, even the prospect of death didn't soften him up much, but he brought me up short on the last page of the book, because I am obsessed with the same question:
"I like to think that something survives after you die. It's strange to think that you accumulate all this experience, and maybe a little wisdom, and it just goes away. So I really want to believe that something survives, and that maybe your consciousness endures."
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5 people found this helpful
3.0 out of 5 stars
on 2 August 2014
This is not an easy book to review, perhaps because it is really two books roughly glued together. The first book tells the story of Steve Jobs and the setting up of Apple and how it came to become one of the iconic brands of our time. The second books tells of the slow death from cancer of someone the author is clearly a close friend of. Unfortunately the first book is much the better of the two, and while the second seeks to maintain its dispassionate, warts and all account of Jobs, the author is clearly far to close to his subject, hanging out with his family and friends, to be objective. He is totally within the famed Jobs reality distortion field.
It is easy enough to see why Jobs chose Isaacson to pen an authorised biography. The man is whip smart, he knows his stuff, this is no mere hack job. There are only a few apple trivia items I would query, the iPod does not connect via Firewire, strictly speaking it is not an MP3 player either and iCloud is far from the triumph that the book paints, in truth it is little better than MobileMe was.
I started the book as a huge Apple and Jobs fan, and the book provides a far more warts and all approach than the upbeat Steven Levy book Insanely Great. However the book really made me dislike Jobs. Although being consistently rude to folk paid a fraction of what you are, does not make you Hitler, it is fairly inexcusable. To borrow the terminology from the Bob Sutton book, Jobs was not just an 'armhole' he was the whole jumper. The Apple ethos of minimalism and informality increasingly seemed to be an ostentatious gimmick, while Jobs burned through mountains of cash and burnt out employees on arty minimalist vanity projects.
I would give the first half of the book five stars, the second scrapes two stars. The editor should have split this into two books, there is a decent and important story here, but as it progressed this feels increasingly like a folksy and rushed job, cobbled together from interviews and press releases.
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5.0 out of 5 stars
Brilliant beyond words!
Mr. S.Kenyon
on 17 January 2012
Format: Hardcover
I asked for this book for Christmas but knew very little about Steve Jobs other than he started Apple. I saw the book in Asda and when I saw how thick it was I thought, "oh crap!"
Needless to say it was bought for me from Amazon at an incredible price, and once I started the book I just couldn't put it down. A short way into the book I began to dislike Jobs because of his quirky tantrums and the incredibly rude way in which he dealt with people who worked with him. But, amazingly, I started to warm towards him depite his unusual personality traits and by the end was true Steve Jobs fan in all aspects.
He was such an amazing visionary who knew how to get the best out of people. Having been fired by his own board at Apple, he made the most amazing comeback 10 years later, taking Apple from virtual bankruptcy to being the world's most valuable company. That takes some doing, and I am in absolute awe at how he did it!
It's a long book but the chapters are relatively short, which makes it easier to read in chunks. I finished it in a week and a half, and looked forward to getting my Steve Jobs fix every evening. The author isn't one of these people who writes biographies based on conjecture and poor research, he was asked personally by Jobs to write the book 9 years ago but only got round to doing it in the last 2 years. Jobs had no influence over what was written and it is based on countless interviews with Jobs and others over that period. The narrative style makes it an easy but dynamic read. I felt incredibly inspired and uplifted after reading it, reinforcing my belief that 'anything is possible.' GREAT BOOK. YOU WON'T BE DISAPPOINTED!
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4.0 out of 5 stars
Steve Jobs Biography by Walter Isaacson
on 2 January 2012
Format: Hardcover
Verified Purchase
Steve Jobs - Walter Isaacson
A man in a hurry who never seems to have been particularly happy.
By any measure of business success he achieved a great deal - built a company (Apple), lost and regained control of Apple (including rescuing Apple), shaped another company (Pixar), developed and commercialised a range of outstanding products.
It was interesting to read the book as someone who has lived through most of the same period. In a previous role within KPMG I was very involved in the role out of Apple technology across the firm (and the development of specialist software for the platform). I also recall the subsequent decision to migrate to the Windows platform because of a perceived lack of business applications software for the Apple platform at the time. And in my current role I have not yet returned to the Apple platform - to date preferring the combination of Microsoft, Google and Android.
Jobs is not portrayed in a particularly attractive light as a person nor as a boss/manager. His treatment of people falls far below that expected. Yes he was within his rights to demand focus, attention to detail, brilliant engineering, quality output from his advisors, etc. But the haranguing of employees and vendors, the tantrums, the rejection of ideas and subsequent relabeling as his own ideas - none of these would warm you towards the man.
I suppose Jobs is an example of the entrepreneur who stays in control. In many cases we talk about the need to transfer control from the entrepreneur to the professional management team - on the basis that the entrepreneur brings the idea and the energy for the startup but may not have all the skills to see the startup through to full development into an established company. Perhaps the appointment of Sculley was the attempt to do this. But it failed and failed badly. A couple of points here: it can only work if it has the support of the entrepreneur and the timing is also critical. In Apple's case it happened too late, it did not have Jobs support )in spite of the initial `love-in' and perhaps Sculley was not the tight person. The other essential question though is how do you maintain the innovation momentum when you switch control to the professional management team? In theory the entrepreneur should have more time to devote to product development, research, etc. But would this have resulted in the stream of new products from Apple (post Jobs' return) if he has not been at the top of the organisation? I don't think so.
I often distinguish between those who get projects done and those who play a positive role in corporations. Good project managers will do whatever it takes to get the project delivered on time and on budget - including managing scope and user expectations. Good corporate managers understand the corporate objectives and develop teams of people in this context. Typically the two types are different. Project managers have little interest in anything except closing out the project - leaving someone else to pick up the pieces in terms of people who have been sidelined, over stressed, temporarily over praised. Corporate managers work to a different timetable - seeking to develop the people and move the company toward tis objectives.
Jobs had a vision for Apple and Pixar - and this vision drove him. And he embodied this vision in many of his products - e.g. Toy Story, iTunes, iPhone. But the impression I form from Isaacson's account of Jobs is of someone who was so project focused, delivery focused, that a lot of what is associated with building corporate culture, developing people was dumped. And the interesting summary of all of this is that it worked. Jobs created a company of `A players' and demanded A performance. He got A performance and refused to accept anything less. The result - outstanding products and outstanding commercial success.
So what was the genius of Steve Jobs? A number of thoughts strike me after reading the book and experiencing a number of his products (Pixar and Apple):
* Hard work and sustained application comes in near the top. How many times do we read about getting close to product release and deciding to rework something because it was not quite right? Yes this points to the high standards he set for himself and the team - but also the commitment and willingness to take on the rework to get something right.
* Jobs was comfortable being surrounded by experts - be that brilliant engineers, designers or marketers. He never lost sight of the fact that regardless of their individual ability they were all cogs in the wheel - all with a role to play. He may have had a natural bias towards to design side, but he understood that he needed the best in all areas. His management style may have been questionable - at the very least on a human level - by the did not struggle in an environment of brilliant people
* Tough commercial negotiator - whether dealing with Microsoft, music industry or Disney - and executed a number of his deals from positions of weakness.
* His own consistent advice to others appears to have been to focus - and he appears to have followed this advice himself. He was not short on ideas but focused on specific opportunities.
* Hindsight is a wonderful thing. We can all see now that smartphone, digitised music, etc all make sense. But Jobs saw the opportunity looking forward - he saw the opportunity with the Xerox GUI development at Palo Alto. Jobs saw the opportunity for innovation through technology.
The Jobs/ Gates rivalry is a recurring theme through the book. They both built hugely successful companies in the same period. Isaacson emphasises the basic difference in philosophy being Jobs' obsession with total control (hardware and software) as against Gates' willingness to release his software for different platforms. I think this analysis is an over simplification - Gates was very keen to own the desktop by ensuring it was running his operating system (and today Balmer would like to see mobile phones running a Microsoft operating system). Jobs is dismissive of Android - in fact seems to see Android as a poor quality rip off of Apple. I think this case is unproven.
Having read so much comment about the book in the press was wondering whether I would learn anything from the book itself. Not sure that I fully understood the man himself after reading the book. Isaacson was determined to paint the picture `wars and all'. He probably did this. But I think somewhere in this he missed a trick in summarising the man. I enjoyed reading the biography. It was a rip roaring life when you look at the ups and downs, the product releases, the deal making, the family life. And because we have all been touched by his technology it feels relevant.
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4.0 out of 5 stars
A seemingly honest portrait of Jobs
on 20 June 2015
Format: Kindle Edition
Verified Purchase
This is a really fascinating and seemingly quite an honest portrait of Jobs. He's portrayed as obsessive, rude, driven and yet capable of inspiring great love and loyalty from colleagues, family and friends. His knack for finding the line between controlling everything - in a world where consumers want everything made especially 'for me' - and delivering the consistent experience that these very same consumers want is extraordinary and I thought that the chapter about the development of the Apple stores particularly showcased his ability to put himself in the consumers' shoes, despite the fact he never seemed to (be able?) do the same for the people around him. A great read.
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4.0 out of 5 stars
We Did It My Way
on 26 October 2011
Format: Hardcover
If you're like me the first thing that strikes you as you read this book is that Steve Jobs led a mythological life.
Put up for closed adoption by unmarried parents who eventually married, rejected by the first would be adoptive parents, then adopted by working class parents, it would be difficult to imagine a more inauspicious beginning, or a more auspicious outcome. Steve Jobs would grow up to prove that an apple can fall quite far from the tree, and still blossom. Abandoned, the chosen one, special.
Firstly, I don't think there is any such thing as an illegitimate child, only illegitimate parents.
The public life and business achievements have been well chronicled, and I didn't want to read a book about Apple. I wondered about the family life, the relationship with Bill Gates, were they collaborators or competitors, some of the other cast of characters. I wondered how much of Apple's great accomplishments were due to Jobs, what effect his passing would have on the future of Apple. I wondered about how he got the Beatles music, and the reputedly fractious relationship with Apple records.
Isaacson has put together a narrative never less than fascinating about a mercurial man. My opinion of Jobs did not change as a result of reading this book. He already struck me as being a highly driven type A personality, narcissistic, aggressive, perfectionistic. Certainly these traits contributed to both his successes and his setbacks, and made him a difficult man to get along with, but those high standards imposed by a drive for perfection, and a demanding lack of compassion, would also draw out of people great abilities, enhanced creativity, and great accomplishments.
Certainly, Isaacson's unvarnished portrait, means many people will not find Jobs the man appealing, and will not condone certain of his behaviors, and I commend Jobs for his honesty in allowing that. Perhaps the biggest surprise that he let go of his controlling tendencies, and did not seek to approve the book.
Ironically at age 22, he would find himself in the exact same position as his birth parents at that age, and would not acknowledge his out of wedlock child Lisa. He would eventually reverse that position before Apple went public agreeing to a DNA test, and making an arrangement. I was interested to discover that he has a lost sister Mona Simpson, an author who has written a book, A Regular Guy : A Novel, the main character based on Jobs and the relationship with his daughter Lisa.
Nemesis follows hubris with punishing fall from grace at Apple, betrayed by his hand picked underling, fired by the company he founded, exiled, buying Pixar off George Lucas for $5 million, selling it to Disney for a reputed $500 million, eventually returning as conquering hero to regain his throne, after many lean years the kingdom would once again prosper.
Among his influences were The Beatles, particularly John Lennon, also rejected by both his parents, and raised by an aunt. The Beatles being greater than the sum of the individual parts would inpsire his own management style of making better products through teamwork. Perhaps more surprising was his relating to Captain Ahab from Moby Dick, and that despotic tyrant King Lear.
The strength of this book, unfettered access to Jobs, the uncensored commentary and insights, of family, friends, business associates, even enemies, and critics.
I enjoyed the story of how he met his wife Laurene Powell. Her name is quite similar to my name, Laurence Power, and she has a degree in Economics. I enjoyed the humor and pranks of the early days with Wosniak. I particularly like calling the Vatican prank pretending to be Kissinger, collecting bootleg Dylan recordings, and illicitly mimicing the long distance beeps. I also enjoyed reading of the reality distortion field sometimes employed effectively, sometimes not. He would one day meet his father in a restaurant but neither would be aware that they met.
If you're wondering about hardback v Kindle, I found the Kindle does have photos. Unlike the book which has a central montage the photos on Kindle are present at the beginning of chapters. If you don't already have Kindle, you can download the app here at Amazon, and get a free book sample. By the time you finish reading the sample I predict you will want to read the rest of the book.
The book did answer most of my questions, yet I do not give it five stars. Here is why:
Recently, I have bought several quotation books, and when I learned Jobs illness was fatal, I started looking up quotes by Jobs.
Some quotation books such as Bartlett, Forbes Business quotes, and so forth do not have any Jobs quotes. Oxford and Yale each have two. In fact most quote books do not have many if any quotes by business leaders. Hopefully, this will be addressed. In fact, the The Ultimate Book of Investment Quotations (The Ultimate Series) book I found to be the only decent book that quotes business leaders and investment experts.
If you look at the Stanford commencement speech for example, available where video clips are seen, Jobs has many good quotes, and has great presentation skills. In fact, I understand there are about 100 books due to be published about Jobs.
While Isaacson's book contains many good quotes, most of these are by other people about Jobs, by Bill Gates, Larry Ellison, Andy Grove, Al Gore and many others. Perhaps my favorite was the Herman Hermits quote by Bono. What I found curiously lacking were so few great quotes by Jobs himself. When I watched the Stanford speech on youtube, I wrote down six or seven quotes from that speech alone. Isaacson references the speech but barely quotes it.
Certainly, he could have sprinkled some of Jobs best quotes throughout the book. If he had done this I would definitely give the book five stars. Hopefully, this will be addressed in future editions and printings. That would make both an honest depiction and a fitting tribute to a great visionary.
Jobs: The Beatles all want to be on iTunes, but they and EMI are like an old married couple. They hate each other but can't get divorced.
Jobs: Picasso had a saying, good artists copy, great artists steal.
Alan Kay maxim adopted by Jobs: The best way to predict the future is to invent it.
Tim Cook: I realised very early that if you didn't voice your opinion he would mow you down. He takes contrary positions to create more discussion because it may lead to a better result. So, if you don't feel comfortable disagreeing, then you'll never survive.
As I read the book, three quotes by George Bernard Shaw came to mind:
The reasonable man adapts himself to the conditions that surround him. The unreasonable man adapts surrounding conditions to himself. All progress depends on the unreasonable man.
If I give you an apple, and you give me an apple we each have an apple. If I give you an idea, and you give me an idea, we each have two ideas. Jobs certainly turned apples and ideas into dollars).
Some people see things as they are and ask why. Steve Jobs dreamed things that never were and asked, why not?
As a result we have iPad, iPod, iPhone, iTunes, iMac, iBooks.
iThink you will enjoy it, and iHope this was helpful.
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5.0 out of 5 stars
naturally this book was the best place as Isaacson had the blessing of Jobs
El Tigre Chinois
on 13 July 2016
Format: Hardcover
Verified Purchase
Jobs is an icon so I wanted to find out more about him, naturally this book was the best place as Isaacson had the blessing of Jobs. It gives an insight into the life and thinking of Jobs, who orchestrated one of the most innovative company's in the world.
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5.0 out of 5 stars
Great insight into a fascinating man and company....
on 7 August 2014
Format: Hardcover
Verified Purchase
Probably worth declaring up front that I'm generally not an apple fan. I've never owned a Mac computer and have mainly had Android rather than iOS devices. So, my five stars should count for a lot in that context.
This book gives a great insight into the life of Jobs and apple. His approach and quirks are remarkable and surprising in many ways. In addition, this book feels like it gives an unvarnished account. It mentions both the good and bad sides of Jobs personality as well as apple's. My only criticism would be that I've read better written and edited books. I've seen others write that this may be because they rushed it out to cash in on his death? But this still wouldn't cause me to give it less than five stars as it gives a great insight into one of the true legends of our time.
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5.0 out of 5 stars
Balanced and thought provoking
A Biochemist
on 20 April 2014
Format: Kindle Edition
Verified Purchase
I waited a long time to read this, having bought it not long after it came out. I wanted the space to come to my own conclusions and wanted to read the book on my own terms.
First of all, I think Walter Isaacson did a great job putting this together. I covers all the major aspects of Steve's life and as much as I can tell, it's a fairly objective presentation of the man as he really was. I am a big fan of Apple and have been since the mid nineties. That said, one of my great frustrations is when people in business talk about the need to be "more like Apple", as if it's a tangible choice. It's like saying to win the 100 metres at the Olympics, you just need to run like Usain Bolt - it's not untrue but it's not especially helpful. In my view the book gave some insight into what made Steve Jobs and Apple successful and it also illustrated some of the behaviors that nearly destroyed Apple, many of them manifested personally by Steve Jobs. I find myself asking if you can reach the highest heights in business without burning bridges as you go. It always takes me back to Bernard Shaw..."The reasonable man adapts himself to the conditions that surround him... The unreasonable man adapts surrounding conditions to himself... All progress depends on the unreasonable man." To be the "unreasonable man" (and Steve Jobs could clearly be unreasonable), is an easy enough strategy to take. However, success depends on so much more than choosing to be unreasonable by itself and for many of us perhaps it's a sure fire strategy to achieving less.
So if you have an interest in Apple, Steve Jobs, innovation or building business, this book will definitely have something in it for you!
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3.0 out of 5 stars
isaacson idolises jobs too much to write a good book about him
on 20 January 2016
Format: Kindle Edition
Verified Purchase
isaacson idolises jobs too much to write a good book about him. i learned a few things about jobs, but i wish it had been better written or more arms-length. too much love flowing through the pages; and therefore too much fluff that wasn't worth reading.
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5.0 out of 5 stars
Interesting to read & well researched
Brawny Withed
on 25 June 2012
Format: Hardcover
This book was and is a great read about the genius of Apple co-founder Steve Jobs. The author takes us on an interesting journey of Jobs life and career from his birth, adoption to his death from cancer in 2011.
Because of Steve Jobs varied career as co-founder of Apple, Pixar and his innovations in the personal computer, computer animation and music worlds.
I felt that Walter Isaacson did a good job of researching the book interviewing Jobs himself many times as well as speaking to former colleagues, family and even the people who Jobs considered rivals or enemies. Because of this the book is very honest and the author allows you the dignity of making your own mind up as to what Jobs was as an innovator and a Human being.
The book is thoroughly engaging from start to finish and will keep you hooked despite the book being 656 pages in length.
I would highly recommend this book to anyone who enjoys well written biographies and a good story. I don't think you need a particular interest in Apple or computers to appreciate the book as the story is a Human one and for this reason is well worth your attention.
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5.0 out of 5 stars
Recommended read
shaun masters
on 29 December 2014
Format: Paperback
Verified Purchase
Overall a great read. It's a big book so don't expect to finish it in a day. Very in depth look into the world of Steve Paul Jobs from early life to his character to his interaction with Pixar and Disney. It's written pretty well, does jump around a little which makes for a tad confusing plot. Jumps between characters, years and situations but overall it has been written well with a good insight. Great book and I would recommended. Great read to go with the legend of Steve Jobs - i wonder if he ever did build that boat?
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text:
Priceless 14th century Latin 'dictionary' that let nuns translate the Bible and survived the Dissolution of the Monasteries goes on display for the first time
- History enthusiasts will be able to see Expositiones Vocabulorum Biblie
- Priceless book helped nuns to understand the holy book centuries ago
- It is incredibly rare because it survived Henry VIII's monastery purge
A priceless 700-year-old Bible 'dictionary' which gives a unique insight into the way nuns lived has gone on display for the first time.
The Expositiones Vocabulorum Biblie by the 12th century clergyman William Brito - sometimes known as Guillaume le Breton - is written entirely in Latin.
It is one of the few monastic documents which is still in its original location after surviving the Dissolution of the Monasteries under Henry VIII in the 1530s, where the monarch disbanded monasteries, priories, convents and friaries in England, Wales and Ireland, and seized their assets and income.
Artefact: A 14th century copy of an early Bible dictionary is one of very few monastic books to have survived the Dissolution of the Monasteries under Henry VIII in the 1530s
Many treasures were lost under Henry VIII's Dissolution of the Monasteries. The book has gone on display for the very first time and has been at the abbey for over 700 years
The hand written parchment book is thought to have helped nuns decipher parts of the Bible and contains explanations and the origins of difficult words.
It is now on display at Lacock Abbey, Wiltshire, where the nuns lived, after it was recently bought in an auction by the National Trust.
Sonia Jones, house and collections manager at Lacock, said the 14th century book gave an insight into how the nuns lived during their time in the abbey.
She said: 'We know little about the everyday lives of the nuns at Lacock Abbey.
Remnant: The book is a priceless survivor from the days when the nuns lived at Lacock Abbey in Wiltshre
Living history: The front cover of the 700-year-old hand written manuscript Bible dictionary
Written in Latin, it was part of the abbey library and even has earlier 13th century financial accounts of the abbey pasted into the binding
'This one book gives us a remarkable rare glimpse, a short glance into how they might have lived their lives.
'It tells us that they studied the Bible closely and most would have been literate.
'There is scrap parchment in the bindings which are part of the accounts of the abbey, recycled when the book was bound.
'Those fragments let us see just a little of some of the business side of the abbey, selling wool to provide an income.
'It is a special and important book,
but to have it in Lacock and to be able to put it on display in the
abbey, in its original home is simply priceless.'
Craftsmanship: A clasp mark on the book, which has a wooden cover
Treasure: The book was recently bought in an auction by the National Trust
It is also not known whether books such as the dictionary were ever written at Lacock or where this copy was laboriously hand written elsewhere.
The book was already known to the Trust and had passed down through generations of the Talbot family who lived at the abbey.
It was put up for sale and was bought by the National Trust at auction at Christie's.
Sanctuary: The alcove in which the Bible dictionary would have been kept at Lacock Abbey in Wiltshire
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Special features
Guests can indulge in a pampering treatment at the bed & breakfast's full-service spa, The Spa. Services include massages, facials, body wraps, and body scrubs. A variety of treatment therapies are provided, including aromatherapy.
The spa is open select days. Guests under 18 years old are not allowed in the spa.
The Inn & Spa at Intercourse Village, Gordonville's small print
Also known as
- Inn Intercourse Village Gordonville
- Intercourse Village Gordonville
Guests under 18 years old are not allowed in the spa.
We have included all charges provided to us by this hotel. However, charges can vary, for example, based on length of stay or the room you book.
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