Conglomerate company – Sony CP http://sony-cp.com/ Tue, 11 Jan 2022 08:31:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://sony-cp.com/wp-content/uploads/2021/06/icon-2021-06-29T124317.391-150x150.png Conglomerate company – Sony CP http://sony-cp.com/ 32 32 Ariel Re aims for growth with increased support from Berkshire Hathaway https://sony-cp.com/ariel-re-aims-for-growth-with-increased-support-from-berkshire-hathaway/ Tue, 11 Jan 2022 08:04:51 +0000 https://sony-cp.com/ariel-re-aims-for-growth-with-increased-support-from-berkshire-hathaway/ Ariel Re, the international reinsurance company headquartered in Bermuda, has announced an increased engagement of Warren Buffett’s giant conglomerate, Berkshire Hathaway, with an investment and quota deal that is expected to drive growth.Ariel Re was removed from former owner Argo Group in a late 2020 transaction involving leading private investors Pelican Ventures and JC Flowers. […]]]>

Ariel Re, the international reinsurance company headquartered in Bermuda, has announced an increased engagement of Warren Buffett’s giant conglomerate, Berkshire Hathaway, with an investment and quota deal that is expected to drive growth.

Ariel Re was removed from former owner Argo Group in a late 2020 transaction involving leading private investors Pelican Ventures and JC Flowers.

The reinsurance company had previously entered into a strategic agreement with Berkshire Hathaway Inc.’s wholly owned subsidiary, National Indemnity Company (NICO), but it has now been extended to support continued expansion and growth.

Ariel Re has entered into two transactions with NICO of Berkshire Hathaway, an investment in newly issued Ariel Re convertible notes and an extension of NICO’s subscription commitment to the Ariel Re 1910 syndicate, through an agreement of multi-year quota share reinsurance.

This provides both working capital and reinsurance fund, helping Ariel Re to strengthen its strategic importance in the global reinsurance market and strengthen its profile with major clients.

“This long-term strategic partnership with the Berkshire Hathaway reinsurance division will add tremendous value to Ariel Re and our ability to continue to invest, innovate and improve our clients’ solutions and services,” explained Jim Stanard, Chairman of Ariel Re. “We anticipate that Berkshire Hathaway will be our long-term strategic partner as we develop and expand Ariel Re’s underwriting capacity with other high-quality long-term partners. “

Eric Rahe, Managing Director and Co-Chairman of JC Flowers & Co., also said: “We are extremely pleased that a partner of the caliber and insight of Berkshire Hathaway reinsurance endorses the Ariel Re team.

“We have appreciated the opportunity to work with the Berkshire Hathaway reinsurance team over the past year as a key partner and provider of capital,” said Ryan Mather, CEO of Ariel Re. “Their insights on global macroeconomic trends and creative solutions have been invaluable to us and we look forward to working with them for years to come. “

Ariel Re is well known for leveraging external sources of capital and capacity, including its work with third party reinsurance capital that supports its underwriting, as well as its growing use of catastrophe bonds for retrocessional support.

The addition of a major capital partner to Berkshire Hathaway adds weight and leverage to the company, which will assist it in its pursuit of its mission of becoming a leading reinsurance provider.

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Salesforce Actions: Prepare Your Capital (NYSE: CRM) https://sony-cp.com/salesforce-actions-prepare-your-capital-nyse-crm/ Sun, 09 Jan 2022 10:24:00 +0000 https://sony-cp.com/salesforce-actions-prepare-your-capital-nyse-crm/ Miscellaneous Photographs / iStock Editorial via Getty Images Software stocks were all the rage following the pandemic’s initial panic sale nearly two years ago. Executives saw their stock prices increase in the space of months, and one of those executives was – and still is – Salesforce. (NYSE: CRM). In July, I wrote a bullish […]]]>

Miscellaneous Photographs / iStock Editorial via Getty Images

Software stocks were all the rage following the pandemic’s initial panic sale nearly two years ago. Executives saw their stock prices increase in the space of months, and one of those executives was – and still is – Salesforce. (NYSE: CRM).

In July, I wrote a bullish article explaining why I thought Salesforce was going higher. It worked well as stocks almost immediately started to climb, eventually adding around 26% before the recent sell-off began. At the time, I noticed a bullish flag pattern on the weekly chart, which I’ve reproduced below for an updated look.

Salesforce Actions

Source: Stock charts

After the bullish flag, stocks took off higher and finally hit a new all-time high. But the sell-off that slumped growth and tech stocks hit Salesforce, and it canceled the whole rally and more. The stock is testing the 100 week exponential moving average, or EMA, but momentum is picking up quickly on the downside, so I’m not particularly confident it will hold up.

The PPO chart near the bottom shows the short-term line reaching the center line, but with a rapidly declining slope. The histogram shows a value of close to -3, which means there was an episode of a quick sell-off, which is hardly bullish.

Now let’s take a quick look at the daily chart to take a closer look at what has been going on since the start of the sale.

Salesforce inventory since start of sale

Source: Stock charts

Salesforce has exploded every moving average or price support level over the past two months, and has gone relatively low after relatively low. There is more critical support in the $ 202- $ 209 area, and it looks like we could get a run at that level in the relatively near future, given the performance of growth stocks. This area must hold, or all bets are off for Salesforce in terms of finding a bottom anytime soon.

The only respite from the bulls is that Salesforce is really oversold right now. We have seen this on the weekly chart, and it is certainly true on the daily chart. The PPO has gone from +3 to -4 in the space of two months, and the rate of change is just at levels where the stock has at least started consolidating at times in the past. None of this guarantees that we will see a consolidation or a rebound, but it does suggest that the worst of the sale is over. The low point is still up for debate, but I think if you’re looking to buy Salesforce you should be preparing your capital to do so.

Fundamentals have not deteriorated

Whenever a stock is roughed up like Salesforce has been, the first thing to do is assess the underlying situation to see if there has been some kind of significant deterioration in the outlook for the business. If there was, the sale is probably justified. If there isn’t, the sale is probably an opportunity for Mr. Market to acquire a great business at a lower price. In the case of Salesforce, I think it’s the latter.

Let’s start with the long-term picture, with revenue in millions of dollars and operating margins as a percentage of revenue, both on a rolling twelve month basis.

Salesforce revenue and operating margins

Source: TIKR

Revenue has been on a smooth upward trajectory forever, and that’s because Salesforce has experienced reliable organic growth, but it also spends very heavily both on its own R&D and on acquisitions. Salesforce is sort of a conglomerate of software companies aimed at being a one-stop-shop for businesses large and small. She’s building an ecosystem of top apps that all work together for the customer. That’s a big part of why I love it for the long haul.

Salesforce ecosystem

Source: Company Website

Salesforce says customers who use multiple apps see synergies in doing so, and that’s exactly the point of this type of system. Salesforce has gradually built up what I believe is a world-class suite of software products that compete well today and will continue to compete for a long time to come. None of this is new, but it bears repeating given that it is so critical for the bull’s case.

The problem with this type of strategy is that it requires huge constant investments, whether through selling and administration costs, R&D, or the cost of acquisitions.

Sales force expenses

Source: TIKR

This is the same revenue chart as above, but I added the general and administrative expenses and R&D to show how fast Salesforce is spending. Of course, if the income is spent, it does not benefit the bottom line, so profits suffer. Salesforce has adopted a strategy of spending the same proportion of its revenue on general and administrative expenses and R&D (give or take) year after year. In other words, sales and administration costs typically represent around 55% of revenue and R&D around 15% of revenue. The business is comfortable spending that and that’s what has helped it grow over the years. You have to be okay with little to no profit as a Salesforce shareholder in the hope that it will pay off in the years to come.

Keep in mind that Salesforce could be hugely profitable if it cut R&D expenses and some of its SG&A expenses. But it’s a growing business and it’s something you have to be okay with. If you want a technology company that pays dividends, look elsewhere.

Now a big part of the fundamental picture is a company’s estimates, so let’s start with revenue.

Salesforce Revenue Revision Trend

Source: In Search of the Alpha

We can see a nice upward slope towards all of these lines, and one that accelerated upward when the pandemic began. Absolutely critically, these estimates continued to rise after the initial pandemic peak, indicating long-term sustainable demand. This is not a business that capitalizes on temporary terms; Salesforce has seen its long-term demand curve shift up and to the right. This chart is very bullish, especially in light of the rapidly declining stock price.

Salesforce EPS Revision Trend

Source: In Search of the Alpha

We see a similar story with EPS, although subsequent years see larger spikes, indicating that analysts believe Salesforce will begin to make more profit from every dollar in revenue. This is certainly not a far-fetched idea given what we have just looked at with the costs of sales and administration and R&D; Salesforce has a lot of expense hindrance it could do to maximize profits.

Another thing I like to watch when it comes to the estimates is the direction of the most recent revisions, which we can see below.

Source: In Search of the Alpha

In the past three months, a lone analyst has lowered their EPS estimates, while four out of 42 analysts have lowered their earnings estimates. In other words, the community is always extremely optimistic, and this is something that I think shareholders ignore at their peril.

Last week, Salesforce’s rating was downgraded by UBS, which cited growth concerns specifically related to MuleSoft. The stocks were punished accordingly, but even this analyst who released a less than optimistic note sees a rise to $ 265; this is the value proposition of Salesforce today.

Speaking of valuation …

Now let’s take a look at the Salesforce assessment to see what kind of value shareholders are getting for their money today. I picked the P / E forward and plotted it for the past five years to give us some historical context.

Valuation of CRM actions

Source: TIKR

Stocks are targeting 55 times expected earnings today, which is a lot for most companies. However, in the software space, and especially for perpetual producers like Salesforce, this is pretty reasonable. We can see that the valuation very recently was around 80 times the forward profit, and Salesforce is actually well below the average valuation of the last five years, which is 63 times the forward profit. This includes the pandemic liquidation which saw Salesforce hit a low of 39X very briefly, which I don’t think we’ll see again.

The point is, the valuation of Salesforce today is pretty appealing on its own, but against the backdrop of constantly rising estimates and a fundamental situation that I think is as good as it has ever been. , I see Salesforce as a stock that you can definitely start to rack up.

As I have openly said, given the way growth stocks perform in this market, I certainly wouldn’t rule out a trip to the support levels I identified earlier at just over $ 200. . It’s still a decent descent from current levels so I wouldn’t rush and commit to a 100% position just yet. But the stock is very oversold and in my eyes has an attractive valuation and a very long track for future growth, so I think it’s a buy. It may take a little patience for the recovery to form.


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Where will General Electric’s stock be in 10 years? (NYSE: GE) https://sony-cp.com/where-will-general-electrics-stock-be-in-10-years-nyse-ge/ Fri, 07 Jan 2022 20:02:00 +0000 https://sony-cp.com/where-will-general-electrics-stock-be-in-10-years-nyse-ge/ Rafael_Wiedenmeier / iStock Unpublished via Getty Images Summary in seconds I assign a Hold investment grade to General Electric Company (GE). GE describes itself as an “American multinational corporation” which is “a leader in the energy, renewable energy, aviation and health sectors” on its Company Website. I don’t have a very favorable view of General […]]]>

Rafael_Wiedenmeier / iStock Unpublished via Getty Images

Summary in seconds

I assign a Hold investment grade to General Electric Company (GE). GE describes itself as an “American multinational corporation” which is “a leader in the energy, renewable energy, aviation and health sectors” on its Company Website.

I don’t have a very favorable view of General Electric’s long-term 10-year outlook. I have doubts about the increase in value (i.e. reduction in the conglomerate discount) associated with the company’s split plans, and I am also concerned about GE’s ability to finance future growth initiatives for its Aviation activity on an autonomous basis.

On the flip side, GE shares don’t look expensive, with it trading below Wall Street analysts’ lowest target price. Additionally, a decrease in daily COVID-19 cases in the future could be a short-term catalyst for the stock.

As such, I decide to value GE stocks as Hold.

General Electric price target

General Electric shares have underperformed the S&P 500 by a significant margin over the past six months, but the selling analysts’ consensus price target seems to indicate there is a significant rise for GE at current price levels .

Over the past six months, the GE stock price has fallen -7.0%, while the S&P 500 has risen + 8.7% over the same period. Specifically, shares of General Electric have started to significantly underperform the S&P 500 since late November 2021, and this coincided with the World Health Organization. call “variant B.1.1.529 a worrying variant, named Omicron” and the increase in cases of COVID-19. General Electric Aviation’s core business segment was negatively impacted by the coronavirus pandemic in 2020, with revenue and operating income down by -34% and -72%, respectively. As such, it’s no surprise that the GE stock price has been weak with the recent spike in COVID-19 cases.

GE’s share price performance over the past six months

Source: In search of Alphas Map data for General Electric

New daily cases of COVID-19 around the world

Source: Worldometer

General Electric shares appear to be on the verge of a rebound, based on an analysis of price targets from analysts on the sell side of the stock. The average consensus target price for GE is $ 124.71, which is 25% higher than the company’s last share price of $ 99.95 as of Jan. 6, 2022. Additionally, it should be noted that even The more bearish Wall Street analysts who cover the stock believe there is a limited downside to current price levels for GE. The lowest price target for General Electric on the street is $ 100.00, which is roughly the level at which General Electric shares are currently trading.

The target price range for analysts covering General Electric

Source: In search of Alphas Wall St. Analyst Rating Data for GE

In addition, GE’s consensus price target increased + 5%, from $ 124.18 as of Nov 9, 2021 to $ 129.74 (the highest in three years) as of Nov 11, 2021, after disclosing ” plans to form three public companies “in accordance with its Press release published on November 9, 2021. General Electric’s spin-off plans are the most important factors affecting the potential future increase in the share price, which I discuss in the next section of this article.

Changes to General Electric’s consensus price target over the past six months

Source: In search of Alphas Wall St. Analyst Rating Data for GE

Should GE’s share increase?

The future performance of GE’s share price in the medium to long term will be strongly influenced by whether its plans to separate into three listed entities create value.

In short, General Electric aims to transform itself into “an aviation-focused company” by divesting its Health and Renewable Energy and Electricity businesses in 2023 and 2024 respectively, according to its press release of November 9, 2021.

A look at General Electric’s division plans announced on November 9, 2021

Source: General Electric December 2021 corporate presentation slides

I have a mixed opinion on GE’s split plans.

On the one hand, General Electric is currently suffering from a discount of the sum of the parties or a conglomerate as a single listed entity with several activities, so that the split of GE into three separately listed companies could potentially result in a positive revaluation of GE’s valuations going forward.

In addition, the Aviation, Healthcare and Renewable Energy and Power businesses are very different in many areas such as growth prospects, profitability, cash flow generation, asset intensity and capital requirements. As such, it makes sense to separate these businesses.

A quick overview of the key indicators of the various GE activities in 2020

Source: General Electric corporate presentation slides from December 2021

On the other hand, it is unclear to what extent the market is willing to award a narrower conglomerate discount to GE after the split. Although General Electric says it will become “an aviation-focused company” following the spin-offs in 2023 and 2024, it will retain interests in a number of non-aviation assets and businesses after the spin-off.

At the company call to investors On November 9, 2021, General Electric said the company would retain its “other GE assets and liabilities today, including our runoff insurance business.” He also added that he will still own “stakes in AerCap (AER) and Baker Hughes (BKR) as well as our stake in Healthcare, which we expect to reach close to 20%”.

Notably, General Electric stressed during the call in early November that the company’s interests in AER, BKR and the healthcare business are “something that we will also monetize over time as we take stock. of the three companies and position each of the three companies. be in the spotlight, able to invest in growth in the future. “This seems to indicate that it will take a lot longer than expected for GE to truly become a pure aviation game and further reduce its haircut evaluation of the sum of the parts.

It should also be noted that General Electric’s share price performance has been poor over the past two months, as highlighted in the previous section, despite the split plans which were first announced in early November 2021. This is in part due to the Omicron variant, and also could be in part due to skepticism regarding GE’s split plans.

Going forward, I believe the GE share price will rise in the near term as this new wave of COVID-19 cases subsides. But a substantial increase in General Electric’s share price may not be on the cards, as the company’s plans to split off may not increase its valuations significantly, as I explained earlier.

Where will General Electric’s stock be in 10 years?

The past 10 years have not been great for GE shareholders in terms of the company’s stock price performance relative to the S&P 500 according to the chart below, and there is no guarantee that the next decade will be significantly better.

GE Stock Price Performance Over the Past Decade

Source: In search of Alphas Map data for General Electric

Over the next decade, General Electric’s divided plans will be most important for the first five years (2022-2026). Over the past five years (2027-2031), all eyes will be on GE’s transition to a full-fledged aviation company.

In the first five years of the next decade, the key elements to watch will be the planned split by GE of the Healthcare business in 2023 and the Renewable Energy and Power business in 2024. We are at least one year away from this. Health activity, and it is impossible to exclude changes in plans.

Additionally, assuming both spinoffs are delayed due to capital market factors or internal considerations, the timing of potential divestitures (highlighted in the previous section) of GE’s stakes in its healthcare business , AER and BKR could also be pushed back.

Over the last five years of the next decade, assuming General Electric successfully completes the Healthcare and Renewable Energy and Power spin-offs, financing the future growth of the Aviation business will be the biggest challenge for GE. .

An analyst questioned the “funding stability” of the company’s longer-term Aviation business at General Electric. call to investors on Nov. 9, 2021, as he noted that “historically, GE has funded aviation from the rest of the business throughout the cycle.” In response to this question, General Electric did not provide a specific answer as to how the company’s Aviation business will fund its future growth. Instead, GE emphasized that “the (three) companies will all be public and will have targeted access to capital markets.”

In other words, General Electric was supporting new growth initiatives in the Aviation business with cash flow from its other businesses. When the Aviation segment becomes a stand-alone business as a result of its spin-offs, the business could become much more dependent on capital markets for funding, rather than relying on its cash flows generated internally by other segments of the business. business.

In conclusion, GE’s 10-year outlook will be highly dependent on the performance of financial markets and capital market conditions going forward, as this may affect the timing of its spin-offs and the growth of its Aviation business, as I detailed above.

Is GE Stock a Good Long Term Investment?

GE stock is not really a good long term investment in my opinion.

In the near term, General Electric shares could potentially rebound if there are signs of improving the COVID-19 situation. But GE’s long-term outlook is uncertain. The split plans might not help reduce the sum of the parts or GE’s conglomerate discount to the extent it hoped; while the Aviation activity could face financing obstacles without the support of the other activities of the company which will be split up. Considering these factors, I consider General Electric to be a holdover.


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Sony Group Corporation (SONY) shares rise after announcement of entry into electric vehicle market https://sony-cp.com/sony-group-corporation-sony-shares-rise-after-announcement-of-entry-into-electric-vehicle-market/ Wed, 05 Jan 2022 16:27:48 +0000 https://sony-cp.com/sony-group-corporation-sony-shares-rise-after-announcement-of-entry-into-electric-vehicle-market/ What’s going on with SONY? Sony Group Corporation (SONY) shares are higher today after the global electronics conglomerate made a number of important announcements at the Consumer Electronics Show (CES) held in Las Vegas in January. Among these was the announcement that she built a electric vehicle prototype called VISION-S. Sony has already started public […]]]>

What’s going on with SONY?

Sony Group Corporation (SONY) shares are higher today after the global electronics conglomerate made a number of important announcements at the Consumer Electronics Show (CES) held in Las Vegas in January.

Among these was the announcement that she built a electric vehicle prototype called VISION-S.

Sony has already started public road tests in Europe in December and has started testing the safety and user experience of the imaging and detection technology installed inside and outside the vehicle. , as well as the human-machine interface (HMI) system.

SONY shares rose 2.24% to $ 131.44 at 11:06 a.m. on Wednesday.

What does this mean for Sony Group Corporation?

Although Sony began 5G drive tests in April 2021, it believes more attention will be needed to gain a foothold in the emerging electric vehicle market.

As a result, and “in order to further accelerate and make new proposals that further evolve the mobility experience”, Sony will establish an operating company “Sony Mobility Inc.” in the spring of 2022, through which the company intends to explore the entry into the electric vehicle market.

The new company will aim to “make the most of AI and robotics technologies,” as well as implement time-of-flight (ToF) sensors which are used to provide surveillance functions for the driver authentication and to monitor passengers.

Sony also announced an SUV-type prototype vehicle (VISION-S 02) as a new form factor. This vehicle uses the same EV / cloud platform as the prototype (VISION-S 01), which is tested on public roads.


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BOTS, Inc. announces strategic investment in https://sony-cp.com/bots-inc-announces-strategic-investment-in/ Mon, 03 Jan 2022 18:37:19 +0000 https://sony-cp.com/bots-inc-announces-strategic-investment-in/ SAN JUAN, PUERTO RICO, January 03, 2022 (GLOBE NEWSWIRE) – via NewMediaWire – BOTS, Inc. (OTC: BTZI), (“BOTS” or “The Company”), a global technology conglomerate specializing in blockchain-based solutions, including decentralized financial applications, cybersecurity, crypto generation, mining equipment repairs, extended warranty contracts and its upcoming land-based Las Vegas-based metaverse, VEGAS.MV, today announced a strategic investment […]]]>

SAN JUAN, PUERTO RICO, January 03, 2022 (GLOBE NEWSWIRE) – via NewMediaWire – BOTS, Inc. (OTC: BTZI), (“BOTS” or “The Company”), a global technology conglomerate specializing in blockchain-based solutions, including decentralized financial applications, cybersecurity, crypto generation, mining equipment repairs, extended warranty contracts and its upcoming land-based Las Vegas-based metaverse, VEGAS.MV, today announced a strategic investment in XR Casino, Inc.

XR Casino is the leading technology company specializing in multi-technology Extended Reality (XR) casino games, XR game development solutions and NFTs for the iGaming and sports betting industries. Its patent-pending platform is currently under development and plans to leverage AI, blockchain, augmented reality, mixed reality and virtual reality technologies to deliver valuable gaming experiences and services. added unprecedented.

XR Casino has completed MVP versions of its initial games, Blackjack, Roulette and Slots in AR, MR and VR, during 2021 and is on track to launch its social casino games and NFT store in the second quarter. 2022.

BTZI is the first strategic corporate investor in XR Casino and will leverage its technology to launch AR, MR and VR casinos and casino games as a service (GaaS) on its upcoming land-based Las Vegas-based metaverse.

“XR Casino’s exclusive technology and games deliver the immersive casino gaming experiences of the Metaverse to anyone with an AR-enabled smartphone, AR / MR glasses or a VR headset,” commented Simon Rubin, CEO of BOTS, Inc. . “We believe that AR will lead the way in connecting people to the Metaverse and through our strategic investment in XR Casino, we will be able to bring together players using AR, MR and VR in our next Vegas.mv Metaverse regardless of technology or the equipment they use. “

“We are thrilled to have BOTS, Inc. as our premier strategic corporate investor and look forward to launching our games on their Las Vegas-themed metaverse,” commented Dan Martinez, Founder and CEO of XR Casino, Inc.

Virtual reality (VR) technology is a new phenomenon. This paves the way for most people to play games in the future. A report released in April 2021 by Brandessence Market Research claimed that the global virtual reality gaming market will be worth nearly $ 52.7 billion by 2025.

Recent research from Mordor Intelligence titled: EXTENDED REALITY (XR) MARKET – GROWTH, TRENDS, COVID-19 IMPACT AND FORECAST (2021 – 2026) indicated that the Extended Reality (XR) market is registering a healthy CAGR of over by 62.67% during the forecast period (2021 – 2026). The Extended Reality (XR) market is impacted by COVID-19, primarily due to several factors that include physical bottlenecks, critical e-commerce delivery limitations, retail store closings, and business chain disruptions. supply (supplier, manufacturer, distribution, wholesale, retail) and economic impacts. In addition, a player such as Avnet Inc. has implemented restructuring plans to reduce operating costs, including plans to reduce operating costs by $ 75 million per year by the year. second quarter of fiscal 2021. Avnet expects to use cash for restructuring, integration and other expenses. Such initiatives are being taken to address the uncertainty caused by the COVID-19 outbreak.

Extended Reality (XR) is currently an emerging umbrella term that encompasses immersive technologies, such as augmented reality, virtual reality, mixed reality, and other future realities that these technologies may bring. The growing demand for reduced distance between people and richer visual content is driving market demand. According to a recent Accenture survey, 80% of business leaders believe leveraging XR solutions is critical to reducing physical distance when engaging employees.

The companies are also developing supporting technologies for XR platforms, which are expected to commercialize XR technologies globally. In January 2019, Northern Digital Inc., a global manufacturer of 3D measurement and motion tracking solutions, launched its new electromagnetic sensor fusion tracking technology for the XR platform: Atraxa.

Identifying great potential in the XR field, several companies have established their XR product lines globally. For example, Qualcomm developed First Responder XR Glass which uses inertial, haptic, environmental and health sensors, eye tracking cameras, bone conduction transducers and other components aimed at smarter and faster interaction with the body. environment.

Microsoft has developed HoloLens 2, a hands-free mixed reality headset that guides the existence of XR. It enables 3D visual training, hands-free video calls and generates a virtual floor or room plan.

About XR Casino, Inc.

XR Casino is the leading technology company specializing in multi-technology Extended Reality (XR) casino games, gambling solutions and XR game development solutions for the iGaming and sports betting industries. We harness the power of AI, blockchain, augmented reality, mixed reality and virtual reality technologies to deliver unprecedented value-added gaming experiences and services.

For more information visit: www.xr.casino

About BOTS, Inc.

BOTS, Inc. is a global technology company specializing in Blockchain-based solutions, including decentralized financial applications, cybersecurity solutions, and has a portfolio of digital assets and crypto-related businesses such as BeadSwap, a decentralized crypto exchange, Bitcoin ATMs and corresponding US patents and Cyber ​​Security Group LLC, an ISO / IEC 27001: 2013 Information Security Management System certified company. The Company also provides consulting, optimization and repair and insurance services for crypto-mining equipment.

Follow BTZI’s news on Facebook @https: //www.facebook.com/Bots.Bz/

Follow BTZI’s news on Twitter @Bots_bz http://www.Twitter.com/Bots_bz

Find BTZI news on http://www.bots.bz

BOTS, Inc. has been featured in media nationwide including CNBC, Bloomberg, TheStreet.com.

For more information visit http://www.bots.bz

Visit BTZI on Facebook

https://www.facebook.com/Bots.Bz/

Follow BTZI on Twitter @Bots_bz

Forward-looking statements

Certain statements contained in this press release may constitute “forward-looking statements”. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to historical or current fact. Actual results may differ materially from those indicated in these forward-looking statements due to various important factors as may be disclosed in the documents filed by the Company. In addition to these factors, actual performance, results and future results may differ materially due to more general factors including (but not limited to) general industry and market conditions and growth rates. , economic conditions and changes in government and public policy. The forward-looking statements included in this press release represent the opinions of the Company as of the date of this press release, and such opinions could change. However, although the Company may choose to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be taken as representing the views of the Company as of a date subsequent to the date of the press release. These forward-looking statements are risks which are detailed on the Company’s website and documents.

Contact:

S. Rubin

Interim CEO

info@bots.bz



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James Finlay cedes control of Hapugastenne and Udapussellawa plantations to Browns https://sony-cp.com/james-finlay-cedes-control-of-hapugastenne-and-udapussellawa-plantations-to-browns/ Sun, 02 Jan 2022 00:01:19 +0000 https://sony-cp.com/james-finlay-cedes-control-of-hapugastenne-and-udapussellawa-plantations-to-browns/ Mandatory offer to minority shareholders in progress James Finlays, a Scottish company with a 127-year presence in Ceylon / Sri Lanka, sold two listed regional plantation companies (RPCs), Hapugasgtenne and Udapusselawa, to Browns Investments PLC which acquired 89.96% of Hapugasgtenne at Rs. 28.30 per share and 90% of Udapussellawa at Rs. 42 a share on […]]]>

Mandatory offer to minority shareholders in progress

James Finlays, a Scottish company with a 127-year presence in Ceylon / Sri Lanka, sold two listed regional plantation companies (RPCs), Hapugasgtenne and Udapusselawa, to Browns Investments PLC which acquired 89.96% of Hapugasgtenne at Rs. 28.30 per share and 90% of Udapussellawa at Rs. 42 a share on the Colombo Stock Exchange.

The transactions were worth Rs. 1.9 billion.

A compulsory offer to minority shareholders is in progress at these prices.

In an announcement made in London, Finlays said the two PRCs manage 30 tea plantations and 20 factories in six of the country’s seven agro-climatic regions. The properties have been leased to the Janatha Estates Development Board (JEDB) and the State Plantations Corporation (SLSPC) since 1992.

The Finlays announcement described the buyer, Browns Investments PLC, as “a very successful diversified conglomerate and part of the LOLC Holdings PLC group companies”.

“Headquartered in Sri Lanka, Browns Investments has a proven track record in operating plantation businesses in Sri Lanka. Browns owns Maturata Plantations, one of the largest tea production companies in Sri Lanka, made up of 19 individual estates that span an area of ​​over 12,000 hectares and employ a workforce of over 5 000 people.

“There will be no immediate change for any of the employees of Hapugastenne Plantations PLC and Udapussellawa Plantations PLC and Browns intends to continue to run the business as it has been operated to date,” said declared Finlay’s announcement.

Finlays will continue to be represented in Sri Lanka by Finlays Colombo Ltd., its tea blending and packaging operation that sources teas from multiple origins, including Hapugastenne and Udapussellawa through the Colombo auction. This means that Finlays is able to continue to provide uninterrupted service to customers, he added.

said Kamantha Amarasekera, director of Browns Investments PLC. “Hapugastenne Plantations and Udapussellawa Plantations are two of Sri Lanka’s best managed and productive plantation companies and we are proud to be associated with their future journey. We will work with Finlays to ensure a smooth transition between the two groups. We warmly welcome the management and staff of the Hapugastenne and Udapussellawa Plantations to the Browns family, whose business heritage dates back to 1875.

Guy Chambers, Managing Director of Finlays Group, said: “After careful consideration and a rigorous selection process, we have agreed to transfer ownership of our Sri Lankan tea estates to Browns Investments PLC. As a Sri Lanka-based investment firm with a strong track record in agriculture, Browns Investments PLC is uniquely positioned to unlock the long-term value of Hapugastenne Plantations PLC and Udapussellawa Plantations PLC.

“These Sri Lankan farms (plantations) have played an important role in the history of Finlays, and we are confident that they will continue to thrive under the ownership of Browns Investments PLC. I would like to thank our colleagues at the tea plantation in Sri Lanka for their passion and commitment, and I wish them good luck for the future.


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Middle Eastern markets end 2021 on a high note https://sony-cp.com/middle-eastern-markets-end-2021-on-a-high-note/ Fri, 31 Dec 2021 06:01:00 +0000 https://sony-cp.com/middle-eastern-markets-end-2021-on-a-high-note/ Abu Dhabi index gained over 68% in 2021, its highest since 2005 Equity markets in the Gulf region of the Middle East ended the year on a high, with the UAE’s Abu Dhabi Index coming out of 2021 with its best annual performance in 16 years. The Abu Dhabi index rose 0.5% on Thursday, the […]]]>

Abu Dhabi index gained over 68% in 2021, its highest since 2005

Equity markets in the Gulf region of the Middle East ended the year on a high, with the UAE’s Abu Dhabi Index coming out of 2021 with its best annual performance in 16 years.

The Abu Dhabi index rose 0.5% on Thursday, the last trading day of 2021 – its best year since 2005, with a gain of more than 68%.

Along with the support of high oil prices, the UAE capital experienced a series of Initial Public Offerings (IPOs) that boosted its performance.

The momentum helped the market stay positive for most of the year until the surge in the omicron Covid variant, said Farah Mourad, senior market analyst at Dubai financial broker XTB MENA.

Abu Dhabi’s most valuable listed company, Conglomerate International Holding Co (IHC), ended the year up 262% in the market.

North of Abu Dhabi, Dubai’s main stock index has grown 28.3% this year.

In November, Dubai announced plans to launch a $ 544.5 million market maker fund and IPOs of 10 companies to boost activity on the local scene.

The plans aim to make Dubai more competitive with the larger stock markets in the Gulf region.

Saudi Arabia’s benchmark index rose nearly 30% in 2021, marking its sixth consecutive annual gain on the back of rising oil prices.

The Qatari index ended the year up around 12% and the Kuwaiti market recorded a gain of 26.2%.

Bahrain also gained 7.5%, and the Omani index added nearly 13% to its first annual growth in nearly five years.

Outside the Gulf, the Egyptian benchmark rose 10.2%.


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This Indo-American CEO Has Turned Online Dating Game Into A Multi-Billion Dollar Empire, Anand Mahindra Fan Finds https://sony-cp.com/this-indo-american-ceo-has-turned-online-dating-game-into-a-multi-billion-dollar-empire-anand-mahindra-fan-finds/ Wed, 29 Dec 2021 15:54:00 +0000 https://sony-cp.com/this-indo-american-ceo-has-turned-online-dating-game-into-a-multi-billion-dollar-empire-anand-mahindra-fan-finds/ When it comes to leading and taking matters into their own hands, Indians are at the forefront. In 2021, we have seen many talented Indian bosses take over as new CEOs of several giant companies, be it in the tech industry or glamor. But did you know that when it comes to romance and finding […]]]>
When it comes to leading and taking matters into their own hands, Indians are at the forefront. In 2021, we have seen many talented Indian bosses take over as new CEOs of several giant companies, be it in the tech industry or glamor.

But did you know that when it comes to romance and finding love, it’s still an Indian who has always played Cupid? Even during the pandemic, many have found love through dating apps such as Tinder, OkCupid, PlentyOfFish and Hinge and the CEO of the company that owns these platforms is an Indian boss, Sharmistha ‘Shar’ Dubey, who is affectionately known as the ‘boss of romance’.

Just like us, business mogul Anand Mahindra only recently discovered this interesting news and was amazed, and rightly so.

Dubey, who is the CEO of Match Group, a $ 40 billion tech conglomerate that owns Hinge, Tinder, OkCupid, and Match.com, joined the company in 2006 as product director for a dating startup in line called Chemistry.

The 51-year-old is clearly one of the most powerful CEOs in the world, but she has not appeared on the global list of top bosses. A thought echoed by the Mahindra and the boss of Mahindra himself, with a question.

“I have to admit, this is the first time I’ve heard of her. Isn’t she often cited in the lists of global CEOs of Indian origin because the companies she runs are websites of pairing? ” he asked his over 8.6 million Twitter followers in a post attached to a detailed post on Dubey.

Mahindra further pointed out that the Tinder dating app is one of the most popular matchmaking platforms in the world, with millions of users in India itself. The mogul praised Dubey saying she deserved to be in the spotlight.

“Tinder is the world’s most popular dating app. It’s a monster. It deserves to be in the spotlight,” he added.

So who is this “boss of romance”?
Dubey, who grew up in Jamshedpur, received her Bachelor of Engineering from IIT in 1993. She shared her lessons with hundreds of men, including Google CEO Sundar Pichai, as she was the only female metallurgical engineer. this year.

Her father was a professor of mechanical engineering and it was he who pushed her to obtain an engineering degree.

After graduating, Dubey returned to her hometown where she worked for a steel company for a year before flying to Ohio State University to continue her education. During that year on the job, Dubey had saved up her income so she could get a master’s degree from Ohio State University.

When she joined Match in 2006, Dubey held several positions before being named COO of Tinder in 2017, where she led the launch of Tinder Gold, which further defined the app’s strong hold. dating in the market and has become the most profitable. non-game application worldwide.

In March 2020, the 51-year-old was promoted to CEO of Match, succeeding Mandy Ginsberg. Although Dubey took the reins as the new boss just as the world was hit by the pandemic which caused so much business and profit, Match Group growth has increased for all brands.



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Melinda French Gates cuts Canada Rail stake with $ 467 million sale https://sony-cp.com/melinda-french-gates-cuts-canada-rail-stake-with-467-million-sale/ Sun, 26 Dec 2021 04:01:24 +0000 https://sony-cp.com/melinda-french-gates-cuts-canada-rail-stake-with-467-million-sale/ Melinda French Gates Melinda French Gates sold $ 467 million in Canadian National Railways shares this month, reducing a stake she received during her divorce from Bill Gates and freeing up money she could potentially use for own investments and philanthropy. She sold a total of 3.65 million shares of the Montreal-based company from Dec. […]]]>

Melinda French Gates

Melinda French Gates sold $ 467 million in Canadian National Railways shares this month, reducing a stake she received during her divorce from Bill Gates and freeing up money she could potentially use for own investments and philanthropy.

She sold a total of 3.65 million shares of the Montreal-based company from Dec. 7 to 16, according to a Securities and Exchange Commission filing.

Ms French Gates, who is worth $ 11.6 billion, according to the Bloomberg Billionaires Index, still owns nearly 20 million shares, but is now below the 5% stake that requires her to report trades.

In addition to the rail shares, Mr. Gates’ Cascade Investment also transferred stakes in Deere & Co and AutoNation to his former wife. Mr. Gates, who is worth $ 135.3 billion, owns 68.7 million shares of Canadian National.

Pivotal is Ms. French Gates’ philanthropic investment and incubation firm with a primary focus on gender equality. The billionaire founded it in 2015 “as a separate and independent organization” from the Bill and Melinda Gates Foundation, which she shares with her ex-husband.

Vincent Bollore

French billionaire Vincent Bolloré received an offer of 5.7 billion euros ($ 6.4 billion) from Mediterranean Shipping Company (MSC) for its African logistics assets, a deal that would transform his family group just two months before its self-proclaimed retirement.

His company, the French conglomerate Bolloré, announced the offer.

The offer of the private company MSC, the second largest container shipping company in the world, follows the major acquisitions of its rivals CMA CGM and Maersk in port infrastructure and non-maritime logistics services.

The Covid-19 pandemic has caused shortages of container ships and created congestion in ports at a time of very high consumer spending, which has pushed freight rates to record levels. This filled the coffers of the largest shipping companies and prompted them to seek further integration by appropriating land services.

In this context, the Bolloré group was unable to cope with the investments required by increased competition in Europe as well as the arrival of cash-rich newcomers from China and the Middle East, said a close source. folder.

Bolloré Africa Logistics’ turnover fell by 10% last year due to a decline in activity and the end of its concession in Douala in Cameroon.

The French government should scrutinize the operation because the infrastructures controlled by the Bolloré entity are considered strategic in West Africa.

“It’s on the right track,” the source said, adding that Bolloré warned the government before announcing the potential deal.

The sale of Bolloré’s African assets would deprive the listed family group, valued at € 12.9 billion on the market, of a large part of its historical activities and would make its stake in the Vivendi media group the center of gravity of the company. business.

The announcement comes just two months before Mr. Bolloré, 69, is about to hand over the reins of this group to his four children.

The businessman, who has spent most of his adult life developing this key business through acquisitions and personal relationships with West African statesmen, has repeatedly said that he would retire on February 17, 2022, which marks the 200th anniversary of the group, founded in Brittany. .

Bolloré Africa Logistics employs around 20,800 people and has 16 container terminal concessions, notably in Côte d’Ivoire, Ghana, Nigeria and Gabon. It also operates three rail concessions in the region.

ABU DHABI, UNITED ARAB EMIRATES, February 12, 2019: - Patrice Motsepe, Founder and President, African Rainbow Minerals, speaking at the Milken Institute MENA Summit 2019 held at the St. Regis Saadiyat Island Resort in Abu Dhabi.  (Pawan Singh / The National) For News / Business / Instagram.  Dania's story

Patrice Motsepe

African Rainbow Minerals, backed by South African billionaire Patrice Motsepe, has agreed to buy the suspended Bokoni platinum mine from Anglo American Platinum for 3.5 billion rand ($ 221 million).

The deal comes after the world’s largest platinum miners declared record dividends this year as rebounding demand for their metals from automakers bolstered earnings.

African Rainbow, which owns investments ranging from manganese to gold, is looking to capitalize on an asset that was on hold before the platinum group metals surge in recent years.

“The acquisition and development of BPM will allow us to expand our portfolio of platinum group metals,” Motsepe said in a statement.

African Rainbow plans to spend around 5.3 billion rand over three years, with mining operations restarting in Bokoni in 2023. The project will create around 5,000 jobs, half of them permanent, the company said.

The Bokoni mine, jointly owned by Amplats and Atlatsa Resources, was placed on maintenance and upkeep in 2017 as Anglo American’s unit closed less profitable mines and shifted to mechanized operations.

Petr kellner

Petr Kellner’s heirs have passed the final hurdle to merge their Czech bank with a larger local lender, making one of the billionaire’s coveted deals nine months after his death in a helicopter crash.

Shareholders of the Prague-listed Moneta Money Bank have approved a complex proposal to buy Air Bank Group from the Kellner family’s PPF group for 25.9 billion crowns ($ 1.2 billion). It was the investment firm’s third and final attempt to merge the two banks, after being forced to offer better terms following a failed approach in June.

PPF and Moneta management promoted the transaction as a way to create a larger and more profitable local bank that could better compete in a market dominated by the units of KBC Groep, Erste Group Bank and Societe Generale.

Subject to regulatory approvals, the deal will create the fifth largest bank in the Czech Republic with around SEK 510 billion in assets. The new entity would have nearly 2.5 million customers, the third largest customer base in the country with 10.7 million customers, and would become the largest provider of consumer loans in the country.

“I believe that in the medium term the results, the figures and the successes will prove that this was the right way to continue the development of Moneta”, said Tomas Spurny, managing director of the lender, after the conclusion of the shareholders’ meeting.

To increase the chances of sealing the deal, PPF acquired an almost 30% stake in Moneta earlier this year. The transaction will be primarily funded by the issuance of new Moneta shares and the outcome of the capital increase will determine whether PPF acquires control of the combined entity.

Unlike most PPF deals, this affair took place in public and included clashes with activist shareholder Petrus Advisers, who claims to own around 10 percent of Moneta. The London-based fund sharply criticized the plan, saying the conditions were unfair and the Czech bank would do better as a stand-alone company.

To allay the concerns of other shareholders, PPF agreed to let all owners buy the new shares next year, while keeping Air Bank’s previous price.

Some analysts expect PPF to eventually take control and make a takeover offer, although this will depend on the number of other shareholders participating in the capital increase and other factors.

Moneta shares have outperformed since the improved proposal as it sets a de facto floor of Kroner 90 per share for a possible mandatory takeover offer if PPF takes control. Still, the current market price of SEK 93 is below the 12-month average price target of SEK 102.55, for stand-alone Moneta, among analysts covering the stock.

Update: December 26, 2021, 4:00 a.m.


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Break down the agreements on “Succession” https://sony-cp.com/break-down-the-agreements-on-succession/ Fri, 24 Dec 2021 03:04:48 +0000 https://sony-cp.com/break-down-the-agreements-on-succession/ HBO’s critically acclaimed “Succession” series – a show that chronicles dysfunctional family dynamics and financial power games – has just wrapped up its final season. Waystar Royco, an aging conglomerate owned by the Roy family, is trying to navigate the new media landscape and thwart rivals through a series of attempted acquisitions, which reflect real […]]]>

HBO’s critically acclaimed “Succession” series – a show that chronicles dysfunctional family dynamics and financial power games – has just wrapped up its final season.

Waystar Royco, an aging conglomerate owned by the Roy family, is trying to navigate the new media landscape and thwart rivals through a series of attempted acquisitions, which reflect real deals.

The writers of the series say that the characters in the series have been inspired by the Redstone family, owners of Viacom, and the Murdochs, whose empire includes Fox News and the Wall Street Journal.

“I think they did a really good job of taking inspiration from contemporary events to give their own show some relevance,” said Gavin Slader, co-head of investment banking and head of mergers at JMP Securities, a Citizens company.

Slader and Don Holbrook, Managing Director of Citizens M&A Advisory, joined Marketplace to share their take on making deals on the show.

Season 3: Rate the GoJo deal

The final season chronicles Waystar Royco’s attempt to acquire GoJo, a video streaming service, but ends in a twist when the head of the company tries to acquire Waystar.

Holbrook said he has seen real-life instances where companies like Waystar have failed to adapt to the next generation of media.

“And that’s clearly kind of what’s going on here. They are falling behind. And sometimes you can catch up, sometimes you can’t, ”he said. “In the case of what GoJo is going to do for them, they don’t really have a choice.”

Holbrook said that when a deal seems too good to be true and you break it, you will likely never see that deal again.

“So somebody says, ‘Hey, we’ll give you $ 100 million,’ and you say, ‘I don’t want that, I’m going to be worth more,’ this business typically sells for under $ 100 million,” Holbrook mentioned.

Slader pointed out that Waystar is a company that “fights hard for relevance”.

“It sounds like a necessity, maybe even as it begins to enter a state of desperation,” he said.

Jesse Armstrong, the showrunner, says offers like The purchase of Time Warner by AT&T and the purchase of Time Warner by AOL had been on the minds of the writers during the development of the script.

At the end of the season, the Roy children plan to use the Waystar shares their mother Caroline received in her divorce agreement with Patriarch Logan to create a qualified majority and veto their father’s plan to sell. the company. However, Caroline and Logan revise the terms of their divorce agreement so that Logan takes control of his actions and voting.

“That’s why Logan quickly took the lead when he saw what was going on and made sure he had his vote,” said Holbrook.

Holbrook said the reversal is plausible and he has seen divorce deals affect the outcome of a trade deal. He noted that divorce settlements come with all kinds of specific agreements about what you can and cannot do. He said if there was a business worth $ 100 million and one party to the divorce bought the other for $ 50 million, you might see the other party asking to be corrected (or have their payment adjusted) if that business ends up being sold for, say, $ 150 million.

Holbrook said he believes the Roy Children were in fact the winners of the Waystar sale deal (at least from a business perspective). If they were left on their own to run the business… who knows what would happen?

“If I’m a Waystar shareholder, I don’t really trust what’s going on there,” Holbrook said. “There was a definite need for an injection of leadership.”

Season 2: PGM chord scoring

In season 2, the Roys try to buy back PGM, a rival media legacy business owned by the Pierce family. PGM wins Pulitzer Prizes and maintains the kind of credibility and prestige that Waystar lacks, although it doesn’t appear to have Waystar’s diverse portfolio, which includes entertainment, news, and a cruise line division.

One Piece Slate compared the Pierces to the Bancroft family, who sold Dow Jones to Rupert Murdoch for $ 5 billion in 2007. (By comparison, the Roys had planned to buy PGM, which has its own TV station, for $ 25 billion.)

The goal of purchasing PGM is to make Waystar large enough to avoid a hostile takeover bid of some of its shareholders.

“Back then, I just remember thinking that two turkeys don’t make an eagle,” Slader said.

Slader said that in real life these two companies may have found the ability to cut costs to “generate a lot more cash flow for shareholders and investors in the short term.”

But, he explained, that wouldn’t help companies like Waystar who are striving to become more relevant.

At the end of the season, the Pierces end up withdrawing from the deal after Waystar’s victory the cruise ship scandal is surfacing.

Slader said that in the end, the Pierces come out the winners simply because their decision to rescind the deal takes them away from the “Estate” family.

Slader said if you had a legacy business “that you put your blood, sweat and tears into” and then align with the Roy family, it “would probably be a pretty disappointing outcome.”

Season 1: Rate the Vaulter Agreement

During the show’s first season, Waystar ends up buying online media company Vaulter, a startup Kendall sees as the future of her family’s media empire.

Slader said it was the “born out of necessity” type of acquisition.

He pointed out that the deal was Waystar’s attempt to maintain its relevance since Vaulter was an emerging media company.

Kendall later ends up firing her editors and dismantles the business, leaving it with only its “food and weed” verticals. Spin wrote how this plot reflected the current media landscape, with the fall of Vaulter which recalls the media company Mic. Although it was previously valued at over $ 100 million, Mic ended up selling $ 500,000. The Huffington Post reported that Mic was at the mercy of Facebook’s changing algorithms, and the staff they spoke to remained “exhausted, suspicious of leadership and desperate for financial security.”

On the show, it is also revealed that Vaulter’s leadership skewed his traffic figures, bringing to mind the Ozy Media story. Although Ozy claimed have 50 million unique users per month in 2019, the New York Times reported that analytics firm Comscore was not showing anything similar. Based on data from Comscore, The Times said Ozy “touched nearly 2.5 million people over the course of a few months in 2018, but only … 479,000 in July.”

“There’s this fine line of presenting data in the best possible light, and then starting to tiptoe across that line to use data that ultimately can’t be supported,” Slader said.


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