Verizon and Motorola Mobility announce Droid Bionic
Verizon Wireless and Motorola Mobility, Inc. announced Wednesday its new Droid Bionic by Motorola smartphone, which will be available tomorrow. The Bionic is the first Verizon smartphone – and the thinnest – to combine 4G LTE with the power of dual-core 1 GHz processors, 1 GB of RAM and a 4.3 inch qHD display. Download speeds are also impressive with 5 to 12 Mbps and upload speeds of 2 to 5 Mbps in 4G LTE mobile broadband coverage areas.
One of the more standout features with the new Droid Bionic is ZumoCast, an app that lets users bring their digital videos, music, pictures and documents from their computer to their phone via remote access. Also new to the Droid fleet of phones is the Webtop app, which lets the phone act as a projector of sorts. The smartphone can beam the web browser, email or documents to a TV or monitor.
Accessories such as the HD Station allow users to turn the phone into an entertainment center so they can view pictures, video, and content on any HDTV or monitor by connecting a separately sold HDMI cable. Users can also take a conference call while editing documents and surfing the Web. Finally, the Android Gingerbread-powered Bionic lets customers share their 4G LTE signal with up to five Wi-Fi-enabled devices when they activate the Verizon Wireless Mobile Hotspot.
Other features include:
· Scratch-resistant screen with dual-layer anti-reflective coating
· 8 MP autofocus camera and 1080p HD video capture
· Business Ready advanced apps
· Adobe Flash pre-loaded
- HTML 5 capable
M&A activity key lever for future tech sector growth
Despite the continuing uncertainty of the pandemic, the tech sector has witnessed soaring dealmaking activity over the past year, rocketing in the second half of 2020, with the last quarter of 2020 a record one for M&A activity, and momentum continuing into 2021.
Dealmaking in tech sector soars in past year
And the latest figures bear this out with the number of technology M&A deals totalling US$208.44bn globally in Q1 2021, according to GlobalData. While the US holds top spot both in volume of deals (1034) and total value (US$140.61bn), Europe ranked next with 649 deals (US$44.49bn) with the UK continuing its reign as Europe’s biggest M&A market with 204 deals.
In particular, megadeals – those valued at US$5bn or more – soared in 2020 representing 59% of all global technology sector deal value in 2020, up from 47% in 2019, according to the latest edition of the EY Technology Global Capital Confidence Barometer.
This tech sector trend towards megadeals is backed up by EY’s CCB data, with 16% of tech sector respondents planning to pursue transformative deals valued at US$5bn or more in the near-term.
While technology deal activity “all but stopped at the beginning of 2020 after fluctuating between historic highs and lows, companies pivoted quickly and tech M&A exploded in the second half of the year”, says Barak Ravid, EY Global TMT Leader for Strategy and Transactions.
M&A activity level for tech sector growth
Looking ahead to the future, technology executives are optimistic, with nearly half (47%) expecting profitability to fully rebound this year, according to CCB data, compared to 23% across all sectors, and with more than half (51%) planning to pursue M&A in the next year in order to sustain growth.
According to Ravid, M&A activity is increasingly becoming a key lever for growth as businesses look to recover.
“To position themselves for future revenue growth, tech companies are now adjusting their M&A strategy to focus more on a target’s business resilience, digital technology alignment and to gain market share through consolidation,” says Ravid.
However, with an increasingly competitive deal market and ongoing geopolitical tensions, the majority of tech execs expect to see more competition in the bidding process for assets over the next year, primarily from private capital.