This might seem fantastical, but all you have to do is read Google’s current presentation on its Tango Project and you’ll see why the company that has it tentacles in every online venture conceivable could be on the verge of another major breakthrough.
What Is It?
First, let me give you a taste of Project Tango’s potential by explaining what it is.
The current prototype is a 5” phone containing customized hardware and software designed to track the full 3D motion of the device, while simultaneously creating a map of the environment.
These sensors allow the phone to make over a quarter million 3D measurements every second, updating its position and orientation in real-time, combining that data into a single 3D model of the space around you.
So what’s The Big Deal about That?
In Google’s own words, here’s what this kind of new technology means to you if and when the search-engine giant perfects and brings this new prototype phone to market:
· What if you could capture the dimensions of your home simply by walking around with your phone before you went furniture shopping?
· What if directions to a new location didn’t stop at the street address?
· What if you never again found yourself lost in a new building?
· What if the visually-impaired could navigate unassisted in unfamiliar indoor places?
· What if you could search for a product and see where the exact shelf is located in a super-store?
· Imagine playing hide-and-seek in your house with your favorite game character, or transforming the hallways into a tree-lined path.
· Imagine competing against a friend for control over territories in your home with your own miniature army, or hiding secret virtual treasures in physical places around the world?
If the above capabilities of Google’s new phone haven’t yet sunk in, I highly recommend that you read the bullets above one or two more times.
New Google World
Now, it could be that Google is just in the embryonic stages of the Tango project and it will never come to fruition. Yet, Google is already actively soliciting developers to create apps for its new phone that can create virtual 3-D worlds and help the vision-impaired to navigate. If Google’s past tenaciousness is anything like its present and future commitment to Project Tango, then it’s only a matter of time before it becomes a reality.
Look out Apple and Samsung. Your world could become Google’s new world.
On Feb. 25, GOOG’s share price closed at $1,220.00, up $7.49 cents from its closing price of $1,251.51 the previous day.
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Echelon Corp Share Price Sliding Downward
The networking and computer devices company Echelon Corp.’s (NASDAQ: ELON) share price has been falling ever since it reported its fourth quarter results Feb. 6.
Disappointing Fourth-Quarter 2013 Results
Here’s the good, the bad and the ugly:
- Q4 Revenues: $18.1 million
- Q4 GAAP Net Loss: $4.0 million; GAAP Net Loss per Share: $0.09
- Q4 Non-GAAP Net Loss: $3.7 million; Non-GAAP Net Loss per Share: $0.08
- 2013 Revenues: $86.2 million
- 2013 GAAP Net Loss: $17.6 million; GAAP Net Loss per Share: $0.41
- 2013 Non-GAAP Net Loss: $9.1 million; Non-GAAP Net Loss per Share: $0.21
Total revenues for the fourth quarter were $18.1 million, down from $23.8 million in the same period last year. Revenues from Echelon's systems sales, reflecting sales to utility customers, were $5.6 million for the fourth quarter, down from $10.7 million in the same period last year. Revenues from Echelon's sub-systems sales, largely from commercial control system customers, were $12.5 million in the fourth quarter, down from $13.1 million a year ago. Included in sub-systems revenues were $3.2 million of sales to Enel in the fourth quarter compared with $2.9 million in the same period last year.
For the full year of 2013, revenues were $86.2 million compared to $134.0 million in 2012. System revenues decreased 53% to $39.9 million and sub-system revenues declined 5% to $46.3 million. Within system revenues, the non-recurring sales of data concentrators to Enel for the full year were $4.4 million, while sub-systems sales to Enel increased 14% to $7.4 million.
Analysts’ Consensus
The two analysts that cover Echelon one recommends a “buy,” while the other recommends a “hold.
On Feb. 25 ELON’s share price closed at $2.89, down 7 cents from its closing price of $2.96 the previous day.
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Stock Tumbling Downwards
On Feb. 25, Bitcoin Shop, Inc. (OTCQB: TUCND) stock volume continued to soar, with 446,708 shares changing hands, more than twice its three-month average volume of 208,951 shares.
The volume however is translating into an erosion of the company’s share value.
Surge Based on Hype
On Feb. 10, Bitcoin shop’s share price was more than $4 as a result of the excitement and curiosity swirling around anything to do with the mysterious new Internet currency Bitcoin. But part of the boost was a direct result of the Sliver-Spring, Md.-based company launching a new ecommerce website (www.bitcoinshop.us) where consumers can purchase products using virtual currency such as Bitcoin, by searching through selection of over 400 categories and over 140,000 items.
But it appears the hype surrounding the new site has worn off fast among shareholders who might be wondering just how all this will translate into profits, rather than losses.
A Mysterious New Currency
Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is categorized as a cryptocurrency. That’s because it uses cryptography for security, making it difficult to counterfeit. Bitcoin issuance and transactions are carried out collectively by the network, with no central authority, and allow users to make secure, verified transfers.
TUCND share price closed at $1.66 cents on Feb. 25, down 31 cents from its closing price of $1.97 the previous day.
Find out what could be the best investor’s move when it comes to TUCND by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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