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00M-512 exam Dumps Source : Power Systems with AIX Sales Professional - v2
Test Code : 00M-512
Test denomination : Power Systems with AIX Sales Professional - v2
Vendor denomination : IBM
: 45 actual Questions
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June 5, 2017 Timothy Prickett Morgan
in case you haven't figured it out yet, IBM’s biggest precedence when it comes to the Power9 processor is Linux. now not IBM i and not AIX, which can exist massive Blue’s personal operating system structures and which acquire generated the titanic majority of revenues for the combined vigour platform considering that Linux made its debut on vigour and device z machines pretty much two a long time in the past.
As they now acquire up to now stated, IBM is getting able to launch the Power9 processors sometime in the 2nd half of this 12 months, and officially has no longer given a exact date for when the primary programs the usage of the processors will manufacture their debut. With Intel and superior Micro contraptions getting able to launch their newest X86 server chips and a few credible ARM variants from Qualcomm and Cavium coming into the box, there has on no account been a more fierce time for the energy chip as it pertains to Linux. It doesn’t aid the position of the vigour chip that Microsoft has ported a variant of home windows Server 2016 to ARM, either, even though it is simply for interior consume on the Azure public cloud for the time being.
It got here as a runt bit of a shock to us that IBM turned into pushing out shipments of Power9 machines running both IBM i or AIX to next yr, to exist Somewhat honest. it is complicated to avow for certain, however they suspect that IBM and its chip partner, Globalfoundries, is not in a position to ship the Power9 chip used in quantity one-socket and two-socket machines in the sorts of volumes to serve the Linux, AIX, and IBM i markets this 12 months. The Power9 processor is without doubt one of the most complicated chips ever designed, and it's etched using a 14 nanometer manner that continues to exist ramping at Globalfoundries. Intel and Taiwan Semiconductor Manufacturing Corp acquire each had concerns with their respective 14 nanometer techniques, and they suspect that Globalfoundries is additionally facing some challenges. here's the character of semiconductor physics at this factor in the historical past of the IT enterprise.
IBM has at any times been clear that the variant of the Power9 chip this is utilized in substantial NUMA systems – the so-known as Power9 Scale Up, or Power9 SU, chip – using four or more sockets would achieve later than the one utilized in desktop with one or two sockets – known because the Power9 Scale Out or Power9 SO. IBM did not achieve a date on this Power9 SU beginning, however the implication from the latest punch roadmaps become to call Power9 SU chips in 2017, and traditionally, IBM has always launched methods that supported IBM i, AIX, and Linux on the equal time. The scalability of the distinct systems has not been consistent, however, and IBM i has lagged AIX and Linux when it comes to being in a position to consume the threads and reminiscence capacities embodied in even Power7, a considerable deal less Power8 and Power9, machines.
IBM has been mum about any of this, however Steve Sibley, director of worldwide product administration for IBM’s energy programs line (now referred to as Cognitive methods, however no one calls it that), did manufacture some quick comments about IBM’s Power9 plans at the concurrent habitual convention held in Orlando in may additionally. “we are supplying Power9 this year on a few of their HPC and HPDA environments,” Sibley defined, speaking up the more than 200 petaflops “Summit” supercomputer that IBM is structure along with Nvidia and Mellanox technologies for the alrightRidge countrywide Laboratory evade via the USA department of power. “Early here year, they are going to insert Power9 with IBM i and AIX in the leisure of the portfolio.”
Early in 2018 is, now not coincidentally, when large Blue is anticipated to sundown back for IBM i 7.1, as we've already informed you any about. The cutoff date is April 30 next year, truly, and it is low-budget to hope Power9 methods operating IBM i and AIX about this time, quite maybe helping the iNext free up, absolutely known as IBM i 8.1 or perhaps IBM i 9.1 to salvage the hardware and application in synch when it involves naming.
by means of pushing out the Power9 launch for AIX and IBM i, this no longer only offers the enterprise extra time to salvage the new software tuned up for the new hardware. It furthermore gives IBM more time to rethink its techniques method with the Cognitive systems focal point it claims to acquire but for which there is very runt demonstrably different in the energy systems business. they acquire some ideas on this, and will exist doing a comply with-up on this next week. Suffice it to title that what the IBM i client basis doesn't really need a total lot is a more capacious gadget for operating what they already acquire – they want whatever that may assist concurrent workloads as well as legacy ones, any integrated on the selfsame platform.
The Dangerous information for IBM is that it has to promote Power8 techniques, which are already relatively lengthy within the teeth, for pretty much yet another yr if the timing is what they imply above. They reckon it is advantageous for valued clientele to grasp that there is not any IBM i or AIX version of the Power9 platform popping out this year, so that it will invest in existing Power8 iron and not believe relish they should still acquire waited. but, that talked about, they feel that many retailers will wait to peer what Power8 and IBM iNext has to present and what else IBM may salvage a hold of on the cognitive entrance. those that can wait, may still wait, they think. here is no longer going to back the energy programs revenue circulation, and the power platform may acquire a longer span of losses than they predicted as they expected for Power9 iron to birth rolling out someday this summer time for any shoppers.
it's a very long time between now and subsequent April. this is any they recognize for certain.linked stories
Say Sayonara To IBM i 7.1 next Spring
Clearing The Decks forward Of The Power9 Launch
The value Of things That Don’t alternate–and those That should
iNext published As IBM i 7.3
know-how Refreshes trot neglected through Most IBM i retail outlets
massive Blue To sundown IBM i 6.1 A year From Now
your entire IBM i basis Are Belong To Us
IBM i installed basis Dominated by means of vintage Iron
IBM Is working on New application Licensing Schemes
IBM Lets MSPs acquire Utility-Priced IBM i 6.1 For Clouds
large Blue Backs Off On IBM i upkeep cost Hike
massive Blue Jacks application protection prices For IBM i
IBM Sunsets i5/OS V5R4 again–For actual This Time
The Carrot: i5/OS V5R4 gets Execution dwell until might also
The Stick: IBM Jacks Up i5/OS V5R4 costs
Reader comments on The Carrot: i5/OS V5R4 receives Execution live except might also
The i 7.1s acquire It; i5/OS V5R4 extended
IBM Sunsets i5/OS V5R4, Kills Older 595 Iron
See the complete checklist of most desirable server virtualization application.final analysis:
IBM PowerVM can virtualize AIX, IBM Linux, and IBM i valued clientele operating on its power server platform. indeed, it is one of the most full featured virtulization programs on the market – no shock, given IBM's abysmal legacy in the facts core.
however might furthermore now not exist the least difficult platform to achieve into effect. it's going to require specialists to install it. in consequence, mid-sized and massive organizations should attain first-class, however SMBs may exist ultimate to steer clear of it until they could acquire enough money backyard aid. IBM PowerVM is geared above any for cutting-edge superior records facilities with traumatic software workloads.Product Description:
IBM PowerVM can consolidate dissimilar workloads onto fewer methods, increasing server utilization and reducing charge. PowerVM gives a relaxed and scalable server virtualization atmosphere for AIX, IBM i and Linux applications developed upon the RAS elements of the energy systems platform. briefly, its hypervisor is rather flexible. it can assist deliver functions in the cloud quicker by means of automating deployment of VMs and storage. it may possibly furthermore back salvage rid of downtime via live mobility between servers.
PowerVM 2.2.6 provides commercial enterprise-grade virtualization, featuring the groundwork for cloud computing on IBM vigour techniques. it could efficiently partake components amongst functions, consolidate distinctive workloads, and supply the utility mobility in a multi-cloud infrastructure. It is declared to raise aid utilization, in the reduction of operating fees, and supply a extra agile ambiance for IBM AIX, IBM i, and IBM Linux applications running on energy systems.
within the most concurrent release, IBM has more tightly built-in PowerVM with the punch platform. every POWER9 server comes with POWERVM industry edition. there's furthermore a criterion edition in addition to an IBM PowerVM, Linux version. PowerVM impartial version comprises prerogative here components:
“It has been very legitimate with runt to no downtime. we've been capable of stretch their IT greenbacks because the refresh rate on IBM power can evade for years. additionally, we've been able to add many extra VMs to physical machines than different structures can run,” said a data heart supervisor in manufacturing.Servers/operating systems:
AIX, Linux and IBM i consumers
“Our enterprise makes consume of VMware and PowerVM. VMware is person pleasant and makes helping home windows OS more straightforward. PowerVM is relocating in that direction. PowerVM is better in that you should prioritize workloads across different VMs and exist granular in your reservation of cores and digital CPUs. PowerVM means that you can alter VM traits while the VM is up and working,” mentioned a gadget Admin in oil & gasoline.Implementation:
PowerVM is a application download.Scalability:
up to 1000 VMs on a unique server.Overhead:
10% to fifteen%administration:
administration outfit akin to Hardware management Console (HMC), integrated Virtualization supervisor (IVM), and PowerVC assist to compund and control elements through the consume of a consolidated ratiocinative view. that you can earmark processors to partitions in increments of 0.01, which makes it workable for distinct partitions to partake the processing power of the equipment. When the firmware is at degree 7.6, or later, micropartitions can exist defined as little as 0.05 of a processor and might exist changed in increments as little as 0.01 of a processor. A maximum of 20 micropartitions can furthermore exist created per core.
A running AIX, Linux, or IBM i ratiocinative partition can exist suspended along with its working outfit and applications. which you can partake reminiscence among partitions in a shared reminiscence pool, through the consume of PowerVM energetic reminiscence Sharing. power Virtualization efficiency (PowerVP) is a efficiency monitoring retort that provides designated and actual-time suggestions about virtualized workloads which are working on vigour programs. you can consume PowerVP to recall note how digital workloads consume supplies, to research performance bottlenecks, and to manufacture counseled choices about useful resource allocation and virtualized computing device placement.Patching/Backup:
supplied by way of other IBM punch tools.Migration:
that you would exist able to migrate an lively or passive AIX, Linux, or IBM i ratiocinative partition from one system to one more by using reside Partition Mobility.safety:
vigour techniques provide a secured server platform. POWER9 hardware and firmware manufacture it even more cozy for cloud deployment with key facets for PowerVM servers. Implementation contains:
Virtualization for AIX, Linux and IBM i clients operating IBM vigour structures.
“It may exist over engineered for smaller purposes. however, if the infrastructure is in location you could achieve it to consume to evade Linux VMs as smartly,” observed a device Admin in Oil & gasoline
beginning at $590 per core, free with any other IBM items.
AIX, Linux and IBM i purchasers
one thousand VMs on a unique server
10 to 15
Virtualization for AIX, Linux and IBM i valued clientele working IBM vigour systems
$590 per core
Migrationcirculate lively or passive VMs
Key Differentiatorideal for IBM environments
Title: C-stage/President supervisor VP group of workers (affiliate/Analyst/and so forth.) Directorfunction:
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Providing multiple adjustable and user-centered design factors, the new BK3-31 provides the maximized flexibility to exist built in to many types of self-service systems.
SEONGNAM-SI, South Korea (PRWEB)March 20, 2019
BIXOLON Co., Ltd, a leading global Mobile, Label and POS Printer manufacturer today announced the launch of the new BK3-31 3-inch (80 mm) kiosk thermal printer supporting 203dpi print resolution. pattern solution as an integral section of a self-service kiosk for retail receipts/vouchers, ATM receipts, parking tickets and more.
Compact and light-weight, BK3-31 provides expeditious printing speeds of up to 250 mm/sec at 203dpi. Also, BK3-31 has USB V2.0 and serial (9 pin mannish or 5 pin connector) with DC Jack or 2 pin power connector options. With additional roller-tension, the BK3-31 is designed to manufacture feeding a lot smoother and cater for media roll diameter of 80/102/120 mm.
Supporting adjustable media widths (83/80/60/58/20mm) and near terminate sensor, the BK3-31 allows for all-around applications from narrow number ticket to wide lottery ticket. The upper and lower bezels are customizable upon request and meet greatly into different structures of kiosks. With power switch and reset button available on both sides, it is easy to reboot the printer regardless of the orientation of how the unit is installed within the kiosk.
BIXOLON offers a wide ambit of software including drivers, utilities and SDKs due to many years of sustain in thermal printing industry. BK3-31 is compatible for the major OS from Windows® and OPOS-based systems to Android™, Windows® and Linux™-based smart device. Alongside any the major code pages are supported. BK3-31 offers a paper saving mode by using BIXOLON’s easy to set up Unified Utility and it allows users to reduce paper blow resulting in saving the rolls by up to 25% and decreased CO2 emissions.
“Providing multiple adjustable and user-centered design factors, the new BK3-31 provides the maximized flexibility to exist built in to many types of self-service systems,” explains John Kim, Marketing Director. “The BK3-31 offers the kiosk developer a competitive kiosk printing solution with BIXOLON’s reliable and professional software and technical support.”
For more information visit http://www.BIXOLON.com, subscribe to http://blog.bixolon.com, or alternatively speak to your local BIXOLON sales representative.
The BK3-31 is now available for pre-order from the BIXOLON Head Office’s sales regions. The product will exist available to purchase from BIXOLON Europe and BIXOLON America’s sales regions effectual May 2019. For more information, contact your local BIXOLON sales representative.
(EDGAR Online via COMTEX) -- detail 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF financial CONDITION AND RESULTS OF OPERATION
Data Storage Corporation ("DSC" or the "Company") provides subscription based, long term agreements for cataclysm recovery solutions, Infrastructure as a Service (IaaS) and VoIP and carrier character solutions. Over 35% of their revenue is derived from outfit sales for cyber security, storage, IBM Power i systems and managed service solutions.
Our mission is to protect their client's data, ensuring industry continuity, assisting in their compliance requirements and providing better control over their digital information. The Company's October 2016 acquisition of the assets of ABC Services, Inc. and ABC Services II, Inc. (collectively, "ABC") and its acquisition of the remaining 50% of the assets of Secure Infrastructure and Services LLC supports the Company's acquisition strategy. These acquisitions accelerated their strategy into cloud based managed services, expanded cyber security solutions and their hybrid cloud solutions with the capacity to provide outfit and expanded technical support.
The Company provides its solutions through its industry evolution team and contracted distribution channels. DSC owns intellectual property with their proprietary email archival and data analytics software, Message Logic. DSC is marketing Message Logic on the DSC website. DSC's contracted, approved distributors acquire the capacity to provide Recovery and Hybrid Cloud solutions, IBM and Intel IaaS cloud-based solutions without the distributor investing in infrastructure, data centers and telecommunications services as well as specialized technical staff whereby lowering their barrier of entry for them to provide these solutions to their client base.
DSC is an 18-year veteran in cloud storage and cloud computing providing cataclysm recovery, industry continuity and compliance solutions that assist organizations in protecting their data, minimizing downtime while ensuring regulatory compliance. Serving the industry continuity market, DSC's clients deliver time and money, gain more control and better access to data and enable a high smooth of security for their data. Solutions include: Infrastructure as a Service specializing in IBM Power; data backup recovery and restore, high availability data replication; email archival and compliance; and eDiscovery; continuous data protection; data de- duplication; and, virtualized system recovery. DSC has forged significant relationships with leading organizations creating valuable partnerships.
Our IBM Power and Intel IaaS Cloud ensures enterprise smooth outfit and support, focusing on iSeries, AIX, Power, AS400 and their high-processing power for Intel. Their cataclysm Recovery services for both Intel and IBM has a guaranteed back-to-work window. DSC is a one-stop source for managed services from VoIP to providing the client with outfit and software, monitoring, back desk and a full array of industry continuity solutions.
The Company provides its solutions through its industry evolution team and contracted distribution channels. DSC owns intellectual property in connection with their proprietary email archival and data analytics software, Message Logic. DSC is marketing Message Logic on the DSC website. DSC's contracted approved distributors acquire the capacity to provide their Recovery and IaaS solutions without capital investment thereby lowering their barrier of entry in providing these cloud solutions to their client base.
Headquartered in Melville, NY with additional offices in Warwick, RI, DSC offers solutions and services to businesses within the healthcare, banking and finance, distribution services, manufacturing, construction, education, and government industries.
DSC derives its revenues from subscription services and solutions, managed services, software and maintenance, outfit and onboarding provisioning. DSC maintains infrastructure and storage outfit in several technical centers in New York, Massachusetts and North Carolina.
DSC services clients from its staffed technical offices in New York and Rhode Island, which consist of modern offices and a technology suite adapted to meet the needs of a technology-based business.
DSC varies its consume of resources, technology and work processes to meet the changing opportunities and challenges presented by the market and the internal customer requirements. The Company supports clients twenty-four hours a day, 365 days a year.
RESULTS OF OPERATIONS
Year ended December 31, 2018 as compared to December 31, 2017
Net Sales. Net sales for the year ended December 31, 2018 were $8,887,402 an enlarge of $630,484 or 7.6%, compared to $8,256,918 for the year ended December 31, 2017. The enlarge is attributable to the enlarge in outfit and software sales.
Cost of Sales. For the year ended December 31, 2018, cost of sales was $5,427,990 an enlarge of $517,659 or 10.5% from $4,910,331 for the year ended December 31, 2017. The enlarge in cost of sales is a result of an enlarge in outfit and software sold. The Company's uncouth margin is 39% for the year ended December 31, 2018 as compared to 41% for the year ended December 31, 2017.
Operating Expenses. For the year ended December 31, 2018, operating expenses were $3,124,052 a reduce of $307,292 as compared to $3,431,344 for the year ended December 31, 2017. The net reduce is a result a reduce in staffing salaries, professional fees, travel, commissions, condition filing fees and the recovery of inferior debt. Salaries decreased by $204,654 to $800,424 for the year ended December 31, 2018 as compared to $1,005,079 for the year ended December 31, 2017. Officer's Salaries decreased $283,704 to $251,446 for the year ended December 31, 2018 as compared to $535,150 for the year ended December 31, 2017. Professional fees decreased $32,506 to $460,186 for the year ended December 31, 2018 as compared to $492,692 for the year ended December 31, 2017. Commissions increased $334,375 to $702,361 for the year ended December 31, 2018 as compared to $367,985 for the year ended December 31, 2017 due to a reclassification between professional fees and commissions. Travel decreased $54,228 to $58,892 for the year ended December 31, 2018 as compared to $113,120 for the year ended December 31, 2017. condition filing fees decreased $6,794 to $6,408 for the year ended December 31, 2018 as compared to $13,202 for the year ended December 31, 2017 due to a reclassification between condition filings and professional fees. The recovery of inferior debt in 2018 was $60,716
Other Income (Expense) Interest expense for the year ended December 31, 2018 decreased $8,118 to $98,788 from $106,906 as compared to the year ended December 31, 2017. Other income decreased $3,071 to $99 in 2018 from $3,170 in 2017.
Net Income (Loss). Net Income (Loss) for the year ended December 31, 2018 was $236,671 an enlarge of $425,164 as compared to net loss of $(188,493) for the year ended December 31, 2017. DSC's profit was primarily a result of an enlarge in sales and expense reductions in operating expenses.
LIQUIDITY AND CAPITAL RESOURCES
The consolidated financial statements acquire been prepared using generally accepted accounting principles in the United States of America ("GAAP") applicable for a going concern, which assumes that DSC will realize its assets and discharge its liabilities in the ordinary course of business. In 2019, they intend to continue to work to enlarge their presence in the cloud and industry continuity marketplace specializing in IBM Power i and cataclysm recovery / industry continuity marketplace utilizing their technical expertise, software and their capacity in their data centers.
To the extent they are successful in growing their business, identifying potential acquisition targets and negotiating the terms of such acquisition, and the purchase cost includes a cash component, they arrangement to consume their working capital and the proceeds of any financing to finance such acquisition costs. Their sentiment concerning their liquidity is based on current information. If this information proves to exist inaccurate, or if circumstances change, they may not exist able to meet their liquidity needs, which will require a renegotiation of related party capital outfit leases and / or major shareholders, such as senior management, entering into financing or stock purchase arrangements.
During the year ended December 31, 2018, DSC's cash increased $123,651 to $228,790 from $105,139 December 31, 2017. Net cash of $541,305 was provided by DSC's operating activities resulting primarily from depreciation expense of $602,532. Net cash of ($347,871) was used in financing activities resulting from payments on capital lease obligations.
DSC's working capital deficit was $2,202,230 at December 31, 2018, decreasing $749,158 from $2,951,388 at December 31, 2017. The reduce is primarily attributable to a reduction of related party notes and leases of $335,895 and recognition of deferred income of $131,325 and an enlarge in cash and accounts receivable totaling $248,503.
Share Based Compensation
DSC follows the requirements of FASB ASC 718-10-10, partake Based Payments with regards to stock-based compensation issued to employees. DSC has agreements and arrangements that convoke for stock to exist awarded to the employees and consultants at various times as compensation and periodic bonuses. The expense for this stock-based compensation is equal to the unprejudiced value of the stock cost on the day the stock was awarded multiplied by the number of shares awarded.
The valuation methodology used to determine the unprejudiced value of the options issued during the year was the Black-Scholes option-pricing model. The Black-Scholes model requires the consume of a number of assumptions including volatility of the stock price, the impartial risk- free interest rate, and the weighted impartial expected life of the options. The risk-free interest rate assumption is based upon observed interest rates on zero coupon U.S. Treasury bonds whose maturity epoch is usurp for the term of the warrants and is calculated by using the impartial daily historical stock prices through the day preceding the accord date.
Estimated volatility is a measure of the amount by which DSC's stock cost is expected to fluctuate each year during the expected life of the award. DSC's estimated volatility is an impartial of the historical volatility of peer entities whose stock prices were publicly available. DSC's calculation of estimated volatility is based on historical stock prices of these peer entities over a epoch equal to the expected life of the awards. DSC uses the historical volatility of peer entities due to the want of enough historical data of its stock price.
Off-Balance Sheet Arrangements
DSC does not acquire any off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, furthermore known as "special purpose entities" ("SPE" s).
CRITICAL ACCOUNTING POLICIES
DSC's financial statements and related public financial information are based on the application of GAAP. GAAP requires the consume of estimates; assumptions, judgments and subjective interpretations of accounting principles that acquire an impact on the assets, liabilities, revenue, and expense amounts reported. These estimates can furthermore move supplemental information contained in their external disclosures including information regarding contingencies, risk and financial condition. They believe their consume of estimates and underlying accounting assumptions adhere to GAAP and are consistently applied. They basis their estimates on historical sustain and on various other assumptions that they believe to exist reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. They continue to monitor significant estimates made during the preparation of their financial statements.
Our significant accounting policies are summarized in Note 2 of their financial statements. While any these significant accounting policies impact their financial condition and results of operations, they view inescapable of these policies as critical. Policies determined to exist censorious are those policies that acquire the most significant impact on their financial statements and require management to consume a greater degree of judgment and estimates. Actual results may differ from those estimates. Their management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would occasions consequence on their consolidated results of operations, financial position or liquidity for the periods presented in this report.
RECENTLY ISSUED AND NEWLY ADOPTED ACCOUNTING PRONOUNCEMENTS
In May 2014, the financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"), which supersedes nearly any existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to exist entitled for those goods or services. ASU 2014-09 defines a five-step process to achieve this core principle and, in doing so, more judgment and estimates may exist required within the revenue recognition process than are required under existing U.S. GAAP. In addition, this guidance requires new or expanded disclosures related to the judgments made by companies when following this framework and additional quantitative disclosures regarding contract balances and remaining performance obligations. ASU 2014-09 may exist applied using either a full retrospective approach, under which any years included in the financial statements will exist presented under the revised guidance, or a modified retrospective approach, under which financial statements will exist prepared under the revised guidance for the year of adoption, but not for prior years. Under the latter method, entities will recognize a cumulative catch-up adjustment to the opening equilibrium of retained earnings at the effectual date for contracts that still require performance by the entity.
ASU 2014-09 is effectual for annual reporting periods birth after December 15, 2017, including interim periods within those annual reporting periods. The Company developed an implementation arrangement to adopt this new guidance, which included an assessment of the impact of the new guidance on their financial position and results of operations. The Company has substantially completed its assessment and has determined that this criterion will acquire no impact on its financial position or results of operations, except enhanced disclosure regarding revenue recognition, including disclosures of revenue streams, performance obligations, variable consideration and the related judgments and estimates necessary to apply the new standard. On January 1, 2018, the Company adopted the new accounting criterion ASC 606, Revenue from Contracts with Customers and for any open contracts and related amendments as of January 1, 2018 using the modified retrospective method. Results for reporting periods birth after January 1, 2018 will exist presented under ASC 606, while the comparative information will not exist restated and will continue to exist reported under the accounting standards in consequence for those periods.
In January 2016, the FASB issued ASU 2016-01, financial Instruments - Overall:
In February 2016, the FASB issued ASU 2016-02, Leases, ("ASC 842"), which supersedes FASB ASC 840, Leases and provides principles for the recognition, measurement, presentation and disclosure of leases for both lessees and lessors. The new criterion requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effectual interest method or on a straight-line basis over the term of the lease. A lessee is furthermore required to record a right-of-use ("ROU") asset and a lease liability for any leases with a term of greater than twelve months regardless of classification. Leases with a term of twelve months or less will exist accounted for similar to existing guidance for operating leases. The criterion is effectual for annual and interim periods birth after December 15, 2018, with early adoption permitted upon issuance. The Company is currently evaluating the method of adoption and the impact of adopting ASU 2016-02 on its results of operations, cash flows and financial position. The Company does not hope a significant change in its leasing activities between now and adoption. On adoption, the Company currently expects to recognize operating lease liabilities of approximately $319,236 with corresponding ROU assets of the selfsame amount based on the present value of the remaining rental payments of their office locations.
In October 2016, the FASB issued ASU 2016-16, Income Taxes ("ASC 740"):
In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows ("ASC 230"), requiring that the statement of cash flows warrant the change in the total cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. This guidance is effectual for fiscal years, and interim reporting periods therein, birth after December 15, 2017 with early adoption permitted. The provisions of this guidance are to exist applied using a retrospective approach which requires application of the guidance for any periods presented. The adoption of ASU 2016-18 did not acquire a material impact on the consolidated financial statements.
In January 2017, the FASB issued ASU No 2017-04 Intangibles-Goodwill and Other ("ASC 350"): Simplifying the Accounting for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. In computing the implied unprejudiced value of goodwill under Step 2, an entity had to accomplish procedures to determine the unprejudiced value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would exist required in determining the unprejudiced value of assets acquired and liabilities assumed in a industry combination. Instead, under ASU 2017-04, an entity should accomplish its annual or interim goodwill impairment test by comparing the unprejudiced value of a reporting unit with its carrying amount. An entity should recognize an impairment freight for the amount by which the carrying amount exceeds the reporting unit's unprejudiced value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should reckon income tax effects from any tax-deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. ASU 2017-04 is effectual for annual or any interim goodwill impairment tests for fiscal years birth after December 15, 2019 and an entity should apply the amendments of ASU 2017-04 on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is currently evaluating the effects of ASU 2017-04 on its audited consolidated financial statements.
In July 2017, the FASB issued ASU 2017-11, Earnings Per partake ("ASC 260"), Distinguishing Liabilities from Equity ("ASC 480"), and Derivatives and Hedging ("ASC 815"). ASU 2017-11 is intended to simplify the accounting for financial instruments with characteristics of liabilities and equity. Among the issues addressed are: (i) determining whether an instrument (or embedded feature) is indexed to an entity's own stock; (ii) distinguishing liabilities from equity for mandatorily redeemable financial instruments of inescapable nonpublic entities; and (iii) identifying mandatorily redeemable non-controlling interests. ASU 2017-11 is effectual for the Company on January 1, 2019. The Company is currently evaluating the potential impact of ASU 2017-11 on the Company's consolidated financial statements.
OFF-BALANCE SHEET TRANSACTIONS
DSC has no off-balance sheet arrangements.
Apr 01, 2019
(c) 1995-2019 Cybernet Data Systems, Inc. any Rights Reserved
February 7, 2018 Alex Woodie
Having a job working on the IBM i-Power Systems platform isn’t easy. Compared to the vast Intel X86 ecosystem, IBM i folks manufacture up a tiny, oft-overlooked minority. That’s one judgement why it’s so Important to acquire tenacious and passionate leaders that the wider installed based can solemnize up to. Along that vein, last week IBM unveiled its 2018 class of Power Systems Champions, which includes a marvelous number of passionate IBM i types.
IBM named 60 Power Systems Champions for 2018. Out of those 60 Champions, 22 are new to the program, while 38 are returning. Twenty-six of the 2018 Power Systems Champions work primarily on the IBM i side of the Power house, while the ease work with AIX, Linux, storage, or IBM’s Power-based high performance computing (HPC) business. You can view the entire list – which includes hundreds of Champions across various categories – at this IBM developerWorks link.
If you’ve been following the Power Champions program for a while, you’ll notice a lot of familiar names on the IBM i side of the house for 2018, In fact, there were no newly named IBM Champions for Power Systems with an IBM i focus this year, according to a list of 2018 IBM Champions for Power Systems provided to IT Jungle by Brandon Pederson, who manages the IBM Champion program for Power Systems.
The full list of Power Systems Champions for IBM i, according to Pederson’s list, includes:
While their day jobs vary, the IBM Power Systems Champion are united in their commitment to the platform. Massiello, now in is in his eighth go-round as an IBM Champion, says the role of being Power Systems Champion hasn’t changed much over the years. That includes bringing fervor for the platform to work every day.
“Being an IBM Champion is more a condition of mind than a position,” Massiello tells IT Jungle. “It isn’t related to specific events or activities nor attain they accomplish various acts. I believe it to exist about the fervor they acquire for the platform, not just within ourselves, but in their capacity to elicit that response in others.”
If you’ve ever met Massiello, you’d realize that his dedication to the IBM i platform is as solid as his handshake. As the head of the IBM industry partner iTech Solutions, Massiello has many opportunities over the course of his daily work to promote the platform, which he does.
“Of course, being an IBM Champion is a tremendous honor,” he says. “However, spreading the word about IBM i is integral to my simple everyday job and comes naturally. They don’t acquire official responsibilities or requirements from IBM other than to bring their commitment to the platform into the public eye and combine this advocacy with a willingness to back others.”
Trevor Perry, who’s an outspoken supporter of the thought of a unified Power Systems platform, says one of the reasons a Power professional is recognized as an IBM Champion is the platform awareness they can spread. “IBM encourages us and provides relevant information for us to exist able to promote IBM i and Power,” Perry says. ”
“What I am doing is a ton! Arguing with people on LinkedIn, using the platform I acquire as a speaker to promote awareness, to cheer community members to furthermore promote awareness, to provide links and materials, etc.,” he says. “I created a session called ‘Introduction to IBM i’ that was well received. People need to know the basics, and it is a considerable pitch for awareness of IBM i.”
Perry isn’t demure about sharing his feelings about the platform, which is one of the reasons he’s a Champion. He’s furthermore not fearful to hold IBM’s feet to the fire about how it promotes the IBM i platform.
“IBM is promoting the platform, but their focus is Power,” he says. “Fortunately, IBM i is a tenacious section of Power, so they salvage some awareness of IBM i from IBM to the community. But, the executives at IBM continue to ignore IBM i, or discount it, or speak about IBM i relish it is not the best industry platform. Above the IBM i team in IBM, there is not enough awareness and promotion, IMHO, which means, the IBM i team inside IBM is fighting an uphill battle to promote the platform.
Perry pointed to the IBM i brain dependence in Rochester, Minnesota — Alison Butterill, Steve Will, Scott Forstie, Jesse Gorzinski, Simon Porstendorfer, Dawn May, and Steve Finnes – as unspoken Champions of the platform. “They are definitely promoting platform awareness for IBM i.”
Jim Buck says he strives to showcase positive aspects of the IBM i server to folks who may not exist alert of it. “I try to promote the system through with my company and LinkedIn connections, Twitter (@Jbuck_imPower),” he says. ” I try to exist an ambassador by showing people the dependability and icy things the system can do… even traditional languages relish RPG has a place.”
Steve Pitcher has a unique perspective on the IBM Champion program, since he was first a Champion for collaboration solutions before becoming a Power Champion. As a substantial backer of the IBM i platform, Pitcher works to salvage the message through, often with the assistance of IBM.
“I believe awareness is very important,” says Pitcher, who works with Massiello at iTech Solutions and is furthermore a director at COMMON and an editor at MCPressOnline. “The more IBM i is in the periphery of a customer the better and I believe we’re a section of that. Getting information out there and cutting through any the information overload pandemonium is a challenge because everyone is so busy. As long as they acquire a consistent stream in terms of messaging then it tends to salvage picked up.”
“IBM Champions acquire a considerable relationship with IBM and they’re a willing dance partner in terms of giving and receiving feedback and information. I’ve been an IBM Champion since 2011 and that’s always been the actual value of the program.
Cynthia Fortlage has furthermore been an IBM Champion since the program’s inception. As CIO of GHY International, Fortlage has been an advocate for the IBM i platform within her own shop, as well as the community at large.
“There are many opportunities now to connect with other champions and leverage what they any attain for the betterment of their community,” she says. “An case is Champion day at COMMON that is a more recent addition to connect and leverage each other with the community.”
Fortlage enjoys sharing stories and insights about the platform that can back to advocate the brand, the platform, and the operating system. But being a Champion furthermore affords her the chance to learn from others as well. “The world is changing quickly,” she says.
Massiello agrees that Champions are conduits for information, but says the information doesn’t always flood downhill from IBM into the ears of the masses. Sometimes, Champions back the information flood up from the installed basis to where it needs to exist in the IBM company.
“A Champion doesn’t just talk to the community to raise awareness,” Massiello says. “We equally listen to their community. They retain their fingers on the heartbeat of the industry. . . . They understand what people are doing to drive business, how employees are using technology, what the positives and the negatives are. . . . By being involved with their peers they are able to bring necessary information back to IBM.
“Being a Champion means they portray people in the community,” Massiello continues. “Together and individually they work tirelessly to ensure voices are heard earsplitting and clear by IBM and the myriad businesses that depend on this technology to thrive. IBM is a marvelous partner in this endeavor as they provide us with substantial amounts of information while furthermore listening to the requirements and concerns of the community that they bring to their attention. They any want to work together in order to elevate the platform to the next levels of success.”
This article has been corrected. IBM named 60 IBM Champions for Power Systems for 2018, not 39. Jerry Petru and Midori Hosomi are still IBM Champions, as are several other people that they originally omitted. IT Jungle regrets the errors.RELATED STORIES
LUG Talks About IBM i Priorities
A Youth Movement For IBM i Champions
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