International Game Technology Reports Solid 2Q Results; Shares Moderately Undervalued

International Game Technology IGT reported solid secondquarter results in line with our expectations. Revenue increased 11% to $600 million (compared with consensus of $572 million) and EBITDA increased 6% to $247 million (consensus of $200 million). The increase in revenue was driven by a 16% rise in product sales, primarily due to strong sales of video lottery terminals in Canada, sales to new casinos in … Continue reading International Game Technology Reports Solid 2Q Results; Shares Moderately Undervalued

DISH Embraces Bitcoin Payment Programs

DISH customers can now use bitcoin to pay their monthly TV bills. The Colorado-based company went live with its bitcoin payments program today as part of its previously announced third-quarter rollout. The first customers to pay for DISH services using bitcoin are Austin and Beccy Craig. The American couple have famously chronicled their attempts to live using only digital currency on their Life on Bitcoin blog.

DISH head of corporate communications John Hall framed the news as part of the company’s overarching goal to embrace innovation: “DISH has always been about investing in better customer experience, whether that’s changing the way that we watch TV or the way that we bill.”

Hall said the company’s bitcoin payment option will now be visible to those using its online My DISH accounts and its Hopper HD DVR devices. “You can actually go into an app within the Hopper and pay your bill, and now if you choose bitcoin, it will come [up] with a QR code that you can pay right on your TV screen,” Hall added.

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DISH will accept payments through bitcoin merchant processor Coinbase. One of the first customers, Beccy Craig told CoinDesk that, while she was previously been a DISH customer, she’s looking forward to resuming the service now that she can make monthly payments in bitcoin. Austin Craig added: “We had a lot of time to read books and take hikes, but there were not very many luxuries like DISH.”

While TV may have been off limits at the time, the couple did have some success stretching the limits of what was available for purchase with bitcoin, even booking airline travel and hotel stays. The couple’s adventure is due to be chronicled as part of the as-yet unreleased ‘Life on Bitcoin’ documentary. As of June, the project was in the process of being submitted to at least one major film festival.

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Stock in News: Google buys Dropcam (NASDAQ GOOG)

Google Inc(NASDAQ GOOG) has strengthened its home automation offerings by buying surveillance camera maker Dropcam for $555 million. The purchase, made by the Google’s Nest brand, shows the search giant’s executives remain convinced that home automation- which has so far been a relatively small market- will greatly expand in the future. The addition of Dropcam broadens Google’s ability to compete with companies like Apple (NASDAQ … Continue reading Stock in News: Google buys Dropcam (NASDAQ GOOG)

VoIP Telecommunications

What are the Differences Between VoIP, IP and PBX ?

Alexander Graham Bell would be hard-pressed to recognize his invention today! Telephones and telecommunications have come quite far, yet their evolution is increasingly complex as evidenced by the latest phone systems available to businesses today. Understanding the differences between each system is the only way a business can choose a platform that is right for its employees and customers. The following information can help you … Continue reading What are the Differences Between VoIP, IP and PBX ?

Ingram Micro Sees More IT Spending Across All Regions

We are maintaining our fair value estimate and economic moat rating for Ingram Micro IM after the company reported solid first-quarter results that indicated consumers across the globe are spending more on IT. Ingram Micro’s sales grew 19% year-over-year to $10.6 billion, with the 2012 BrightPoints and Aptec acquisitions adding $1.85 billion, or 13%, to the top-line. Organic sales added 6% growth. Encouragingly, the company … Continue reading Ingram Micro Sees More IT Spending Across All Regions

Bitcoin News: Bitcoin ATMs to span across Canadian Malls & Tourist Spots

CAVIRTEX has launched its first six bitcoin-branded ATMs in the greater Toronto area. The machines mark the first phase of the exchange’s larger plan to bring 10 bitcoin ATMs to Canada through a partnership with Gateway Newstands, a retail chain with 500 locations in North America.

Speaking to CoinDesk, CAVIRTEX’s marketing and business development director Kyle Kemper said the launch was a major milestone for the Calgary-based company and bitcoin itself. Although details about the ATMs were first revealed back in May, Kemper said that the company has taken time to execute its vision and maximise the impact of the launch.

Kemper said: “We were looking for really high-traffic locations, because we want to bring CAVIRTEX and bitcoin to the general Canadian public.” Pictures of the vibrant units first surfaced online earlier this month, with many Reddit users lauding the company’s novel design and expressing excitement for the formal launch. Notably, the bitcoin ATMs were provided to CAVIRTEX by BitAccess, the bitcoin ATM manufacturer that was recently accepted into Californian accelerator Y Combinator.

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Kemper indicated that its decision to partner with Gateway lead the company to secure a number of high-value locations. Perhaps the most notable new entry to CAVIRTEX’s network lies at the famed tourist destination Niagara Falls. Kemper indicated that CAVIRTEX has installed an bitcoin ATM at the Casino Niagara, the first casino built in Niagara in 1996. One of a number of regional attractions near the natural wonder, the destination features 10,000 square meters of gambling space, on-site dining and free live music.

Additional noteworthy locations for the ATMs include the Bayshore Mall in Ottawa, Scarborough Town Center in Toronto and the Yorkdale Shopping Centre in Toronto, among others.

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