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Exam Code: HPE0-S58 Practice test 2022 by Killexams.com team
HPE0-S58 Implementing HPE Composable Infrastructure Solutions

Exam ID : HPE0-S58
Exam type : Proctored
Exam duration : 1 hour 30 minutes
Exam length : 60 questions
Passing score : 60%
Delivery languages : Japanese, English, Korean
Supporting resources : These recommended resources help you prepare for the exam:
Implementing HPE Composable Infrastructure Solutions, Rev. 19.21

This certification validates candidates’ ASE level skills integrating HPE Hybrid IT compute solutions. Successful candidates will be able to demonstrate appropriate expertise with planning and implementing integrations of HPE compute solutions within a customer environment.

13% Understand the mainstream HPE enterprise compute product portfolio
13% Review and Validate designs for Compute Solution implementation
Given the architect’s design, validate the solution is complete and the site is prepared for implementation
Given a scenario, validate the solution design for compatibility with the existing infrastructure
Given a scenario, identify the required components for an implementation plan
38% Install, Configure, and Set Up, HPE Compute Solutions
Describe installation and start-up procedure for solution components
Describe how the advanced configuration of the solution components is performed.
Describe how to validate proper solution functionality.
18% Troubleshoot HPE Compute Solutions
Given a scenario, use the appropriate tools to identify and analyze an issue.
Given a scenario with an issue, explain the action plan for resolution.
Given a defined issue and action plan, explain the effects and results of the proposed actions
18% Monitor, Maintain, and Manage Solutions
Given a customer scenario, identify potential impacts of a change
Given a customer’s performance data and solution design, identify the bottleneck
Given a scenario, identify changes in customer compute resource requirements.
Using support matrices, evaluate software and firmware compatibility
Describe methods for modifying configuration of components to meet changing customer requirements

Implementing HPE Composable Infrastructure Solutions
HP Infrastructure answers
Killexams : HP Infrastructure answers - BingNews https://killexams.com/pass4sure/exam-detail/HPE0-S58 Search results Killexams : HP Infrastructure answers - BingNews https://killexams.com/pass4sure/exam-detail/HPE0-S58 https://killexams.com/exam_list/HP Killexams : New Oracle Database Platforms And Services Deliver Outstanding Cloud Benefits No result found, try new keyword!Senior Analyst, Storage & Data, Steve McDowell, dives in as Oracle just celebrated its 45th anniversary, beat Wall Street’s estimated revenue in its fiscal fourth quarter, and showed its highest ... Mon, 01 Aug 2022 01:01:00 -0500 https://www.forbes.com/sites/moorinsights/2022/08/01/new-oracle-database-platforms-and-services-deliver-outstanding-cloud-benefits/ Killexams : Google Cloud Platform Deploys Arm – Here’s What You Should Know

Google Cloud Platform (GCP) announced the coming availability of its Arm-based instance, the Tau T2A, last week (currently available in preview) to address the ever-expanding needs of customers developing and deploying scale-out, cloud-native workloads. What does this announcement mean for enterprise IT? Does landing this final major cloud player fully validate Arm in the enterprise? And what motivated Google to jump on the Arm bandwagon? We'll address this a little more in the following paragraphs.

What was announced

The T2A virtual machine (VM) is part of the GCP Tau scale-out instance family. Tau is targeted at those cloud-native applications that run containerized or in VMs that don't require extreme compute resources. The Tau family was deployed initially with AMD EPYC (T2D) with fixed configurations to offer this instance type optimized for cost and scale-out performance.

The Tau T2A VM is based on Ampere Computing’s Altra CPU. It’s important to note that Azure announced Ampere and instances are GA at Oracle Cloud Infrastructure, as well as several Chinese clouds (including TikTok parent, ByteDance).

To motivate developers and customers, GCP offers a free 8-core, 32G RAM instance of T2A through general availability.

How Google is positioning T2A

One of the things I find with Arm announcements is that sometimes the "why would I use this?' question isn't fully answered. It's almost as if an assumption is made that enterprise IT professionals would fully understand the price-performance benefits of Arm and workload affinity.

Through the briefings Moor Insights & Strategy Patrick Moorhead and I received, as well as the various public statements from Google, it is refreshing to see the company is helping guide its customers. As mentioned, T2A is a VM targeting those scale-out workloads that don't require maximum compute resources at the individual instance level. Unsurprisingly, one of the supporting blogs from Google discusses optimizations for the Google Kubernetes Engine (GKE), Google's container environment.

A valuable capability of GKE is its multi-architecture support. So, containerized workloads can run in an x86 and Arm environment simultaneously. While this has many practical benefits, it also makes it easier for IT organizations to dip their collective toes in the “Arm” water, so to speak. It is capabilities such as this (not unique to GCP) that allow for organizations to deploy on Arm seamlessly.

It should be noted that T2A also runs the Google Container-optimized OS. So, organizations utilizing the popular Docker containers can expect full support.

Google has also enabled its Batch and Dataflow cloud services to run on T2A. These two services that target batch processing and streaming analytics respectively benefit from the Tau family's scale-out nature and T2A in particular.

While Google provides good guidance for its customers considering exploring or deploying on Arm, the use of T2A can be far broader. Independent of Google, Ampere has developed a robust ecosystem of partners, spanning the operating system to the workload. Functions like serverless caching via Momento, SLURM workload scheduling via SchedMD, and HPC through Rescale – are all optimized workloads for Ampere. And there are many more.

A few more details on T2A

Google is careful in how it positions its VM instances. When the company released its Tau VM family last year, it was very clear in positioning these as cost-effective, scale-out VMs. As one would expect with “cost-effective,” some options customers may prefer are lacking, such as local SSD support and higher bandwidth networking (32G supported in T2A v. 100G in other instances). Further, once a customer is locked into a T2A VM size (vCPU and RAM), they cannot dynamically add more resources.

Given the workloads targeted, the above makes sense, as customers look to distribute applications across many "good enough" performing VMs that don’t require maximum network throughput.

I like that GCP drives all of its specialized value into the Tau family, including T2A. The security measures, optimizations around memory (NUMA), network optimizations, etc.. that GCP has developed are all lit up in T2A. This level of support should assures customers utilizing T2A that these instances enjoy the same level of support as the highest performing compute engines.

Has Arm arrived in the enterprise?

The quick and simple answer is yes, though not for every workload. GCP announcing Arm-based instances rounds out support from all the major CSPs. This widespread support hasn't happened because Arm is cool or trendy. Nor has it happened as an exercise to drive better pricing from the x86 players. Arm is being deployed because CSPs can deliver equal or better performance for specific workloads at a lower cost and power envelope. Period. This is basic economics.

While Arm is not going to replace x86 to run virtualized infrastructure on VMware anytime soon, there are still use cases where Arm is a good fit. In its blog promoting T2A, one of GCP's reference customers is Harvard University. The school runs several compute-intensive workloads on SLURM VirtualFlow, and T2A allows it to run tens of thousands of VMs in parallel, reducing compute time significantly. But here’s the key to what Harvard had to say – the migration to T2A was done with minimal effort. Such is the beauty of cloud-native development. The cost and time savings will be immediately recognized.

I like this Harvard reference because it reminds us that Arm is not just for the digitally born companies that have never had an on-premises datacenter. It's for any company embarking on a digital transformation or modernization project.

Further proof of Arm's move into the datacenter can be seen in HPE's announcement of the upcoming ProLiant RL300 Gen11 server based on Ampere's Altra CPU. This is the first mainstream server that HPE has announced ahead of its Gen11 launch, and I expect the market will see competitors roll out its servers in time.

Is T2A just a competitive response from Google?

I don’t believe that Google is interested in investing in and rolling out an Arm-based instance to be like every other cloud provider. GCP is run by many intelligent people who firmly understand its customers' wants and needs.

As a company, Google has deep roots in silicon design, development, and optimizations. It's no secret that the company works with CPU vendors to deliver Google compute-optimized platforms. I think GCP has done its due diligence in ensuring the Ampere CPU could and would meet its particular and the needs of its customers.

I believe my only question is around the longer-term strategy for Google and Arm. There are two camps in the CSP space: those that design its silicon (i.e., AWS Graviton) and those that deploy Ampere. Given Google's history in silicon development, could we see a custom chip in the future? It is a scenario that is entirely plausible.

Final thoughts

Google rounds out support for Arm from the major CSPs with its Tau T2A VM offering, based on Ampere Computing’s Altra CPU. While the company is last to market in this regard, it has done a thorough job of positioning Arm relative to x86 and target workloads.

I believe this is just the beginning for Arm at GCP and suspect the company will eventually roll Arm offerings into other compute engine offerings over time. But I think it will do this in a very measured way, looking for areas where Arm can offer a differentiated experience for customers.

It's a good time to be a proponent of Arm. And a better day to be an investor of Ampere Computing. There is no doubt that Arm is here to stay. Not as a cheap alternative to x86, but as an architecture that can be optimized for many workloads, with the ability to lead in raw performance, price-performance, and performance-per-watt, at a time when each of these measures are so critical.

Note: Moor Insights & Strategy writers and editors may have contributed to this article.

Moor Insights & Strategy, like all research and tech industry analyst firms, provides or has provided paid services to technology companies. These services include research, analysis, advising, consulting, benchmarking, acquisition matchmaking, and speaking sponsorships. The company has had or currently has paid business relationships with 8×8, Accenture, A10 Networks, Advanced Micro Devices, Amazon, Amazon Web Services, Ambient Scientific, Anuta Networks, Applied Brain Research, Applied Micro, Apstra, Arm, Aruba Networks (now HPE), Atom Computing, AT&T, Aura, Automation Anywhere, AWS, A-10 Strategies, Bitfusion, Blaize, Box, Broadcom, C3.AI, Calix, Campfire, Cisco Systems, Clear Software, Cloudera, Clumio, Cognitive Systems, CompuCom, Cradlepoint, CyberArk, Dell, Dell EMC, Dell Technologies, Diablo Technologies, Dialogue Group, Digital Optics, Dreamium Labs, D-Wave, Echelon, Ericsson, Extreme Networks, Five9, Flex, Foundries.io, Foxconn, Frame (now VMware), Fujitsu, Gen Z Consortium, Glue Networks, GlobalFoundries, Revolve (now Google), Google Cloud, Graphcore, Groq, Hiregenics, Hotwire Global, HP Inc., Hewlett Packard Enterprise, Honeywell, Huawei Technologies, IBM, Infinidat, Infosys, Inseego, IonQ, IonVR, Inseego, Infosys, Infiot, Intel, Interdigital, Jabil Circuit, Keysight, Konica Minolta, Lattice Semiconductor, Lenovo, Linux Foundation, Lightbits Labs, LogicMonitor, Luminar, MapBox, Marvell Technology, Mavenir, Marseille Inc, Mayfair Equity, Meraki (Cisco), Merck KGaA, Mesophere, Micron Technology, Microsoft, MiTEL, Mojo Networks, MongoDB, MulteFire Alliance, National Instruments, Neat, NetApp, Nightwatch, NOKIA (Alcatel-Lucent), Nortek, Novumind, NVIDIA, Nutanix, Nuvia (now Qualcomm), onsemi, ONUG, OpenStack Foundation, Oracle, Palo Alto Networks, Panasas, Peraso, Pexip, Pixelworks, Plume Design, PlusAI, Poly (formerly Plantronics), Portworx, Pure Storage, Qualcomm, Quantinuum, Rackspace, Rambus, Rayvolt E-Bikes, Red Hat, Renesas, Residio, Samsung Electronics, Samsung Semi, SAP, SAS, Scale Computing, Schneider Electric, SiFive, Silver Peak (now Aruba-HPE), SkyWorks, SONY Optical Storage, Splunk, Springpath (now Cisco), Spirent, Splunk, Sprint (now T-Mobile), Stratus Technologies, Symantec, Synaptics, Syniverse, Synopsys, Tanium, Telesign,TE Connectivity, TensTorrent, Tobii Technology, Teradata,T-Mobile, Treasure Data, Twitter, Unity Technologies, UiPath, Verizon Communications, VAST Data, Ventana Micro Systems, Vidyo, VMware, Wave Computing, Wellsmith, Xilinx, Zayo, Zebra, Zededa, Zendesk, Zoho, Zoom, and Zscaler. Moor Insights & Strategy founder, CEO, and Chief Analyst Patrick Moorhead is an investor in dMY Technology Group Inc. VI, Dreamium Labs, Groq, Luminar Technologies, MemryX, and Movandi.

Tue, 26 Jul 2022 04:38:00 -0500 Matt Kimball en text/html https://www.forbes.com/sites/moorinsights/2022/07/26/google-cloud-platform-deploys-arm--heres-what-you-should-know/
Killexams : Helmerich & Payne (HP) Beats Q3 Earnings and Revenue Estimates No result found, try new keyword!Helmerich & Payne (HP) came out with quarterly earnings of ... what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address ... Wed, 27 Jul 2022 11:21:00 -0500 text/html https://www.nasdaq.com/articles/helmerich-payne-hp-beats-q3-earnings-and-revenue-estimates Killexams : Ask SAM: Have the laws changed about registering trailers?

Q: I am concerned about the large numbers of pull-behind trailers that do not display a license plate. My windshield was broken on I-285 near Welcome, N.C. recently. It came from an erratic driver pulling a trailer behind his truck. Because of the trailer, I was unable to get his truck’s license plate number to report it to *HP. Since then, I have noticed many more trailers without a properly displayed license plate on the trailer. I live in a rural county. My question is: Have the rules changed regarding individuals who tow trailers behind their private vehicles?

Answer: John Brockwell, a communication officer for the N.C. Division of Motor Vehicles said: “There have not been any changes to the N.C. General Statues regarding personal trailers. DMV does not maintain data regarding unlicensed personal trailers. Any sightings of such should be reported to local law enforcement or the NCSHP.”

People are also reading…

NCGS 20-51.15 (a-e) says that most of the trailers that are exempt from being registered are used for agricultural purposes. To be exempt, a vehicle must meet all of the following conditions:

a. Is designed for use in work off the highway.

b. Is used for agricultural quarantine programs under the supervision of the Department of Agriculture and Consumer Services.

c. Is driven or moved on the highway for the purpose of going to and from nonhighway projects.

d. Is identified in a manner approved by the Division of Motor Vehicles.

e. Is operated by a person who possesses an identification card issued by the Department of Agriculture and Consumer Services.”

Q: Will any money from the H.R. 3684 Infrastructure and Jobs Act be used toward the completion of the Northern Beltway?

Answer: Pat Ivey, the N.C. Department of Transportation resident engineer for Forsyth County said, “It’s too early to tell how the Infrastructure Investments and Jobs Act funding will impact specific projects, but what we do know is this federal investment has positively impacted NCDOT’s budget forecast for the 10-year State Transportation Improvement Program, of which the Winston-Salem Northern Beltway remains a funded priority.”

Q: I called the City Link number to report a potentially dangerous situation, a tree blocking a city road with darkness quickly approaching. It was “after hours” and the call was routed to India? The operator barely spoke English and asked me the same questions over and over. I was on the phone for 20 minutes. Are these calls being routed to India?

Answer: Karen Witherspoon, the City Link 311 director, said that there is an after-hours call center.

“City Link does have an after-hour service used for emergency calls such as trees down, sewer back up, water main breaks, etc. They are located in Charleston, SC not India,” she said.

There was a mistake in the Friday SAM column. The New York Mets won the 1969 World Series four games to one over the Baltimore Orioles. Gil Hodges was the Mets’ manager and the team had a record of 100 wins and 62 losses, according to Baseball-reference.com. Thanks to H.H. for letting us know.

The National Suicide Prevention Lifeline has a new toll-free, nationwide, hotline number effective today. It is 988. If you call 988 you will be able to talk with trained counselors who will listen and can provide support, and, if needed, resources.

The previous hotline number, 800-273-8255, will also remain available.

Email: AskSAM@wsjournal.com

Write: Ask SAM, 418 N. Marshall St., Winston-Salem, NC 27101

Fri, 15 Jul 2022 20:01:00 -0500 Melissa Hall en text/html https://journalnow.com/news/local/ask-sam-have-the-laws-changed-about-registering-trailers/article_74317c66-038a-11ed-a3c8-33f5afca6a3b.html
Killexams : Can a fee curb groundwater exploitation

The public notice issued recently by the Central Groundwater Authority (CGWA), under the Ministry of Jal Shakti, rattled groundwater users. It essentially says that all the users of groundwater for drinking and domestic use — residential apartments/group housing societies/government water supply agencies in urban areas, bulk water suppliers, industrial/infrastructure/mining projects, swimming pool whether existing or new — are required to take permission for groundwater drawal from the CGWA latest by June 30, 2022.

All the existing users are given a one-time opportunity to register their groundwater drawal by June 30, by paying a registration fee of ₹10,000; the completed application must be submitted before September 30. It further says that strict action shall be initiated against users who continue to draw groundwater without seeking a no-objection certificate (NOC) from the CGWA, and such groundwater drawal will be considered illegal.

Is the fee for using groundwater justified? How did we reach this situation?

Groundwater use for various purposes has increased tremendously over time. India’s annual groundwater draft is the largest in the world. Estimated at 245 billion cubic meter (bcm), it is about 64 per cent of the total groundwater potential (398 bcm) in 2020. States like UP, Punjab, MP, Maharashtra, Tamil Nadu and Gujarat together accounted for about 144 bcm (59 per cent) in the total draft of groundwater (see Table).

About 89 per cent of groundwater is used for irrigation alone. Along with the increased exploitation, the net irrigated area using groundwater also increased from 7.30 million hectares (mha) in 1960-61 to about 48 mha in 2018-19.

While the benefits of groundwater are huge, its continuous exploitation has brought many negative externalities, particularly to farmers. A study by NASA (2009) showed that the groundwater level had been declining about one meter every three years in States like Rajasthan, Punjab and Haryana. Shockingly, between 2002 and 2008, about 109 cubic km of groundwater reportedly vanished from these regions due to continuous exploitation.

With increasing groundwater drawal every year, not only has the quality of water deteriorated but the number of overexploited blocks has also increased. CGWB data show that the number of blocks classified as other than safe has increased from 1,645 (28.74 per cent) in 2004 to 2,538 (36.44 per cent) in 2020.

Most of these over-exploited blocks are located in Punjab, Haryana, Rajasthan and Tamil Nadu. The total number of blocks categorised as saline water also increased from 30 to 100 during this period. Importantly, a World Bank (2010) study, ‘Deep wells and prudence: Towards pragmatic action for addressing groundwater exploitation in India’, cautioned that about 60 per cent of India’s aquifers will reach a critical stage by 2032. Can these unprecedented changes be ignored?

Groundwater exploitation has been rising since the introduction of Green Revolution. But faulty electricity pricing followed by successive governments is one of the key reasons for the overexploitation of groundwater. The provision of heavily subsidised or free electricity often encourages users (not only farmers) to exploit more groundwater as the marginal cost of lifting water from aquifers is close to zero.

This is evident from the level of groundwater exploitation in States such as Punjab, Haryana and Tamil Nadu, where electricity is supplied free for irrigation for many years now. The average stage of groundwater development (that is, the ratio of annual groundwater draft and net annual groundwater availability) in the three States was as high as 127 per cent in 2020; these States have fewer number of safe blocks as well. If preventive actions are not taken to control the reckless exploitation of water, will it not affect the agricultural sector?

Besides increasing the subsidy burden of the States, free electricity does more harm than good, particularly to farmers having shallow tube-wells. As deep bore-wells exploit more groundwater, the water in shallow wells gets depleted and then they become defunct. The depleting water level shortens the life of the wells, which has a huge impact on resource-poor farmers who cannot install deep bore-wells with larger HP pump-sets.

According to the 5th Minor Irrigation Census (2017), a total of 4.14 lakh open wells in India became defunct between 2006-07 and 2013-14.

Now, considering the ever-increasing exploitation of groundwater, the government has introduced a registration fee for using groundwater. Will this be enough to control the over-exploitation of groundwater? The answer is ‘no’, because this nominal fee will not have any impact on the large users.

Instead of having a uniform fee for all users, a discriminated fee can be fixed for agriculture, industry and domestic users keeping in view the ability-to-pay principle. For non-agricultural purposes, the fee can be fixed based on the level of exploitation of water, depth of the well and HP of the pump-set. For agriculture, the fee can be fixed by farm size or HP of the pump-set or based on the consumption of electricity. In any case, the fee alone will not be sufficient to control the over-exploitation of groundwater.

Groundwater exploitation and electricity pricing policies are intertwined. Most States that provide electricity free or at a low unit cost for irrigation are experiencing over-exploitation of groundwater. Therefore, there is a need to revisit the electricity pricing policies. While free electricity may be provided for marginal farmers having pump-set capacity of less than 5 HP capacity, progressive pro-rata (kWh-based tariff) pricing may be fixed for all other farmers. This may also discourage the farmers from cultivating water-intensive crops, which is the root cause for the increased exploitation of groundwater.

Wherever free electricity is supplied, judicious rationing has to be followed in its supply. Studies show that solar-powered irrigation pumps help reduce the exploitation of groundwater besides saving huge subsidies on electricity. An ambitious scheme, PM-KUSUM, was introduced in 2019 with a budget of ₹34,422 crore, and with a huge subsidy component, for the installation of solar pumps. The benefits of solar-powered pumps need to be communicated to all the stakeholders.

Any measure introduced to control the reckless exploitation of groundwater will hugely benefit the farmer and the government.

The writer is former full-time Member (Official), Commission for Agricultural Costs and Prices, New Delhi. The views are personal

Published on July 21, 2022

Thu, 21 Jul 2022 02:24:00 -0500 en text/html https://www.thehindubusinessline.com/opinion/can-a-fee-curb-groundwater-exploitation/article65667108.ece
Killexams : Buy ‘plug-n-play’ malware for the price of a pint of beer

A wide variety of malwares and vulnerability exploits can be bought with ease on underground marketplaces for about $10 (£8.40) on average, according to new statistics – only a few pennies more than the cost of London’s most expensive pint of beer.

The average price of a pint of beer has risen by 70% since the 2008 financial crisis and earlier this year, researchers at customer experience consultancy CGA found one pub in London charging £8.06. The researchers, perhaps sensibly, did not name the establishment in question.

But according to a new report, The evolution of cybercrime: why the dark web is supercharging the threat landscape and how to fight back, produced by HP’s endpoint security unit HP Wolf Security, the price of cyber criminality is tumbling, with 76% of malware advertisements, and 91% of exploits, found to retail for under $10.

Meanwhile, the average cost of an organisation’s compromised remote desktop protocol (RDP) credentials clocked in at just $5 (£4.20) – a far more appealing price for a beer as well, especially in London.

Vulnerabilities in niche systems, predictably, went for higher prices, and zero-days, vulnerabilities yet to be publicly disclosed, still fetch tens of thousands of pounds.

HP Wolf’s threat team got together with forensic specialists Forensic Pathways and spent three months scraping and analysing 35 million posts on dark web marketplaces and forums to understand how cyber criminals operate, gain each other’s trust, and build their reputations.

And unfortunately, said HP senior malware analyst and report author Alex Holland, it has never been easier or cheaper to get into cyber crime.

“Complex attacks previously required serious skills, knowledge and resource, but now the technology and training is available for the price of a gallon of gas,” said Holland. “And whether it’s having your company and customer data exposed, deliveries delayed or even a hospital appointment cancelled, the explosion in cyber crime affects us all.

“At the heart of this is ransomware, which has created a new cyber criminal ecosystem rewarding smaller players with a slice of the profits. This is creating a cyber crime factory line, churning out attacks that can be very hard to defend against and putting the businesses we all rely on in the crosshairs.”

The exercise also found many cyber criminal vendors bundling their wares for sale. In what might reasonably be termed the cyber criminal equivalent of a supermarket meal deal, the buyers receive plug-and-play malware kits, malware- or ransomware-as-a-service (MaaS/RaaS), tutorials, and even mentoring, as opposed to sandwiches, crisps and a soft drink.

In fact, the skills barrier to cyber criminality has never been lower, the researchers said, with only 2-3% of threat actors now considered “advanced coders”.

And like people who use legitimate marketplaces such as Ebay or Etsy, cyber criminals value trust and reputation, with over three-quarters of the marketplaces of forums requiring a vendor bond of up to $3,000 to become a licensed seller. An even bigger majority – over 80% – used escrow systems to protect “good faith” deposits made by buyers, and 92% had some kind of third-party dispute resolution service.

Every marketplace studied also provides vendor feedback scores. In many cases, these hard-won reputations are transferrable between sites, the average lifespan of a dark web marketplace clocking in at less than three months.

Fortunately, protecting against such increasingly professional operations is, as ever, largely a case of paying attention to mastering the basics of cyber security, adding multi-factor authentication (MFA), better patch management, limiting risks posed by employees and suppliers, and being proactive in terms of gleaning threat intelligence.

Ian Pratt, HP Inc’s global head of security for personal systems, said: “We all need to do more to fight the growing cyber crime machine. For individuals, this means becoming cyber aware. Most attacks start with a click of a mouse, so thinking before you click is always important. But giving yourself a safety net by buying technology that can mitigate and recover from the impact of bad clicks is even better.

“For businesses, it’s important to build resiliency and shut off as many common attack routes as possible. For example, cyber criminals study patches on release to reverse-engineer the vulnerability being patched and can rapidly create exploits to use before organisations have patched. So, speeding up patch management is important.

“Many of the most common categories of threat, such as those delivered via email and the web, can be fully neutralised through techniques such as threat containment and isolation, greatly reducing an organisation’s attack surface, regardless of whether the vulnerabilities are patched or not.”

Thu, 21 Jul 2022 07:12:00 -0500 en text/html https://www.computerweekly.com/news/252523004/Buy-plug-n-play-malware-for-the-price-of-a-pint-of-beer
Killexams : Talos Energy, Inc. (TALO) CEO Timothy Duncan on Q2 2022 Results - Earnings Call Transcript

Talos Energy, Inc. (NYSE:TALO) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET

Company Participants

Sergio Maiworm - VP, Finance, IR & Treasurer

Timothy Duncan - Founder, President, CEO & Director

Shannon Young - EVP & CFO

Robin Fielder - EVP, Low Carbon Strategy & Chief Sustainability Officer

Conference Call Participants

Subhasish Chandra - The Benchmark Company

Cameron Lochridge - Stephens Inc.

Michael Scialla - Stifel, Nicolaus & Company


Good morning, and welcome to the Talos Energy Second Quarter 2020 Earnings Call. [Operator Instructions].

I would now like to turn the conference over to Sergio Maiworm. Please go ahead.

Sergio Maiworm

Thank you, operator. Good morning, everyone, and welcome to our second quarter 2022 earnings conference call. Joining me today to discuss our results are Tim Duncan, President and Chief Executive Officer; Shane Young, Executive Vice President and Chief Financial Officer; and Robin Fielder, Executive Vice President, Low Carbon Strategy and Chief Sustainability Officer.

Before we get started, I'd like to take this opportunity to remind you that our remarks today will include forward-looking statements. genuine results may differ materially from those contemplated by these forward-looking statements. Factors that could cause these results to differ materially are set forth in yesterday's press release and in our Form 10-Q for the quarter ending June 30, 2022, filed with the SEC yesterday.

Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events. During this call, we may present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures was included in yesterday's earnings press release, which was filed with the SEC and which is also available on our website at talosenergy.com.

And now I'd like to turn the call over to Tim.

Timothy Duncan

Thank you, Sergio. As I mentioned in our earnings release, it was a great quarter for our company that included record revenues, strong margins and significant free cash flow facilitating rapid debt repayment.

This quarter, we achieved our lowest leverage multiple and our highest liquidity in the company's history, positioning Talos well for the second half of the year that will focus on our deepwater drilling campaign, continued growth in our CCS business and ongoing debt reduction. All of these developments are continuing to strengthen the company for sustainable and profitable growth, enhancing a solid credit profile and positioning the company to build long-term shareholder value.

I'll first address quarterly results and latest updates from our Upstream business. We delivered a record quarter, which included over $500 million in revenues, nearly 80% adjusted EBITDA margins before adjusting for financial hedges and over a $130 million of free cash flow after hedges and before changes in working capital.

Shane will provide more details on our financial performance during the quarter in his prepared remarks. But I want to recognize our team for their strong cost control efforts and a diligent focus on ongoing operations that generated strong earnings despite an inflationary macro environment.

As we have discussed in previous calls and in our Analyst Day, our intention is to use constructive commodity environment to accelerate higher impact drilling opportunities in our portfolio starting in the second half of 2022 and throughout 2023. These opportunities exemplify how we utilize our core skill set and organic growth strategy to leverage our existing acreage set, proprietary seismic reprocessing expertise and well-positioned operating infrastructure to unlock meaningful additional resources with attractive economic returns, even when accounting for the risk of an occasional dry hole along the way.

The projects we are undertaking later this year and early next year are both operated and non-operated opportunities that we expect will provide reserve and production growth over the next 12 to 18 months. On the operating front, we expect to take possession of our contracted Seadrill Sevan Louisiana deepwater drilling rig in the coming days and launching our open water drilling campaign, which will run through the remainder of 2022 and into 2023.

As previously announced, we extended the rig contract to take additional slots, allowing us to perform 6 straight operations in which we plan to target at least 4 prospects totaling 65 million to a 100 million barrels equivalent of gross resource potential. With an individual potential well rates between 5,000 and 15,000 barrels equivalent a day gross. All of those were in proximity to our owned and operated facilities, which will help accelerate first oil and deliver attractive economics on those projects.

We have recently brought in industry partners into our Lime Rock, Venice and Rigolets prospects, allowing us to reach our target working interest of 60% on each of these wells. This has multiple benefits for us. First, it provides industry validation on our drilling program. Second, we have a better diversity of our capital allocation and concentration risk. And third, it allows us to further monetize the value of our physical infrastructure by receiving a production handling fee on the production volumes owned by our partners that will flow through our facilities.

We're excited to begin this campaign and expect these projects to provide a solid foundation for the future as we expect to bring successful wells into production over the coming 12 to 18 months. Separately, we are also participating in a number of non-operated projects. Most notably, we expect to spud the Puma West appraisal well early in the fourth quarter this year with our partners, BP and Chevron. That well has been permitted to a depth of 26,000 feet and will be drilled with the Diamond Ocean BlackHornet rig following the completion of other rig operations BP is currently undertaking.

We are also actively working to finalize a 5-block exploration unit in the Green Canyon and Walker Ridge areas with another large Gulf of Mexico operator that will lead to a high-impact exploration well in 2023, targeting both subsalt myosin and Wilcox targets across nearly a 30,000-acre unit. More details on that opportunity will be provided in due course, but we are proud of our track record of pulling our acreage together with some of the most sophisticated Gulf of Mexico explorers and producers to better execute our drilling inventory, and we hope to announce additional partnerships in the months to come.

In Mexico, at our Zama project, we're continuing to work with both our Block 7 partners as well as Pemex to finalize a field development plan ahead of the March 2023 submission deadline. Simultaneously, we are also discussing the formation of an integrated project team or IPT, which is common in international projects and would provide a variety of roles in the project for all of the partners and enhanced governance rights for all the parties.

In our opinion, that will significantly benefit the Zama project going forward. While the project has experienced significant delays during the unitization discussions. we're encouraged that the project is advancing towards the submission of the final field development plan. The approval of the FTP is the last major hurdle before final investment decision can be taken on this project by all the partners.

As a reminder, the contingent resource of Zama as prepared by an independent third-party engineering report was over 700 million barrels equivalent gross. So progress here still represents meaningful value for Talos' shareholders as we continue to move toward FID. Once the project distinction, we would expect to be able to book proved reserves that in this case, would represent multiple years of reserve replacement, and we would have more certainty around final development time lines, financing and ultimately, first oil.

Each step we were able to achieve in the coming months is important as we move closer to realizing significant value from this important discovery. Navigating Zama has not been easy to say the least, but I would like to reiterate that we are doing everything we can to maximize the value of this discovery for our shareholders.

Finally, on the upstream front, we have begun the process of mobilizing our HP-1 facility for the regulatory required dry dock maintenance to satisfy Coast Guard requirements, a process that we expect will defer approximately 6,000 to 9,000 barrels equivalent a day net in the third quarter, but at the same time, ensuring long-term high uptime in our tornado and Phoenix deals. This downtime has already been included in our full year 2022 guidance, that is now expected to be isolated in the third quarter instead of being spread across the second and third quarters as we had initially expected. In the end, the delay has allowed us to take advantage of a strong commodity prices over the full second quarter.

Moving into our carbon capture business. I want to applaud the Talos Low Carbon Solutions team for delivering an important transaction in May that brought Chevron into our Bayou Bend CCS joint venture, joining us alongside Carbonvert. Financial terms for the transactions delivered upfront cash as well as a material capital cost payments by Chevron that we'll expect to cover all the expenses for the project through the project's FID, and that capital is being put to good use as we finalize plans to drill our stratigraphic well test in the fourth quarter.

The strat well will allow us to collect rock property data that will provide critical information for our Class 6 permit for permanent CO2 sequestration. We are excited to have a major partner like Chevron and Bayou Bend. Not only do they provide critical sequestration experience and an unquestioned balance sheet to the project, we believe it's also another strong endorsement of the solid platform we are building as one of the CCS leaders in the United States.

Our overall portfolio today includes close to 1 billion metric tons of storage capacity across our 4 project areas in Texas and Louisiana, all operated by Talos, all with strong partners and all in key industrial regions, where we are aggressively working to secure long-term anchor customers. We're very proud of our rapid success in this new business unit, and we're working hard to enhance our leadership by continuing to advance these projects as well as expanding our storage footprint in these core areas in the future.

Lastly, I'll also quickly address latest developments in Washington with the proposed Inflation Reduction Act of 2022, but I'll not comment on any political views. While we recognize this bill may be subject to change and acknowledge the remaining process for potential passage into law, we think it's important to highlight the potential impacts for Talos if this bill were to pass in its current form. As no other company in the small and medium cap E&P space in the U.S. has both the level of exposure to offshore Gulf of Mexico and to carbon capture and sequestration, and both of these areas are key focus areas of this proposed bill.

On the upstream front, if signed into law, as is initially proposed, the Inflation Reduction Act would reinstate Lease Sale 257 from last November, in which we were one of the most active bidders and want deepwater blocks. This bill would also ensure future lease sales in a prescriptive manner and remove more the regulatory uncertainty.

On the carbon capture side, the bill proposes an increase of the 45Q credit from $50 a ton to $85 a ton and introduces direct pay mechanisms, both of which we believe are key attractors for potential industrial partners around our projects and moving towards long-term carbon sequestration solutions. We believe this bill will be meaningful for Talos in both of our business lines and we're closely monitoring future developments.

With those key updates, I'll turn it over to Shane to address some of the financial details of the quarter.

Shannon Young

Thank you, Tim, and thank you, everybody, for joining our second quarter earnings call this morning. I will focus my remarks today on the following 3 areas: first, our strong financial results in the second quarter; second, the strength of our balance sheet, which we believe positions us with significant financial as well as strategic flexibility for the future. And finally, I'll provide some insights into the outlook for the third quarter as well as the balance of the year.

During the second quarter, we generated revenues of $519 million from production of 65,400 barrels of oil equivalent per day. Realized prices were approximately a $108 per barrel and $8 per Mcf before the impact of financial hedges. This represents the company's highest ever quarterly revenue over our 10-year history. On the cost front, our lease operating expenses were $88 million, equating to approximately $14.70 per barrel equivalent, inclusive of $11.5 million of HP-1 dry dock preparatory costs and approximately $12.80 per barrel equivalent, excluding those nonrecurring costs.

Cash G&A for the quarter was $18 million or approximately $3 per barrel equivalent. Despite broad inflationary pressures, our continued focus on efficiency and cost controls have kept our per barrel expenses in check year-to-date. For the second quarter, we generated adjusted EBITDA of $251 million. Before the impact of cash settlements on financial hedges, adjusted EBITDA was $411 million for the quarter. These equate to EBITDA margins of 70% and 79% or $42 and $69 per barrel equivalent, respectively. Net income for the quarter was a $195 million or $2.33 per diluted share.

Adjusted net income for the quarter was a $101 million or $1.20 per diluted share. Capital spending during the second quarter totaled $86 million. Free cash flow before changes in working capital was a $134 million, resulting in free cash flow of $226 million for the first half of 2022, allowing for significant deleveraging year-to-date.

Turning to our balance sheet strength. With the strong financial performance during the quarter, Talos repaid $146 million of debt between our credit facility borrowings and the retirement of the final $6 million of our 7.5% notes, a legacy of the 2018 Stone merger. As of June 30, we reached a leverage multiple of 1x and available liquidity of over $700 million. Both of these are best in the company's history.

Cumulatively, over the past 15 months, we have reduced our net debt by nearly $350 million or approximately $4.20 per share of net debt reduction. Over the same period, commodity prices have increased significantly. The combination of these 2 factors has significantly increased the intrinsic value of Talos' shares. We expect to continue reducing our debt levels during the remainder of 2022, even with our capital program being significantly weighted towards the second half of the year. We are pleased with the free cash flow generation of the business in latest quarters and expect to accelerate those strong trends into 2023 as our legacy hedges roll off.

It is important to note that while strong commodity prices have been a positive tailwind, the $350 million of net debt reduction since the first quarter of 2021 and associated improvement in our leverage ratios were based on average unhedged prices in the mid-70s per barrel in the high 4s per Mcf. Even more, including the impact of our legacy hedges, those blended realized prices to tallows have averaged in the mid-50s per barrel in the mid-3s per Mcf. Therefore, we are excited about the long-term cash flow profile of the business on mid-cycle pricing and see our exposure to higher commodity prices increasing in the coming quarters as our weighted average pricing increases.

Lastly, I'll address our financial outlook for the remainder of the year. For the third quarter, we expect production to be reduced by between 6,000 and 9,000 barrels of oil equivalent per day as a result of the scheduled HP-1 dry-dock process that has just begun.

Additionally, we expect 4,000 to 5,000 barrels of oil equivalent per day impact from third-party midstream downtime at Pompano and other miscellaneous planned downtime activities during the quarter. On the cost side, the HP-1 dry dock should have a similar impact on lease operating expense in the third quarter as we experienced in the second quarter. For the full year, we expect capital expenditures to be within our guidance range, albeit near the high end due to further inflationary pressures and expectations for nonoperated capital project timing. The balance of capital spend for the year should be split roughly evenly over the third and fourth quarters.

With that, I will hand the call back over to Tim.

Timothy Duncan

Thank you, Shane. I want to reiterate my admiration for our team that works tirelessly to continuously help Talos create significant value for our shareholders. We've done a fantastic job controlling costs in an inflationary environment, allowing us to aggressively pay down debt, leading to our lowest leverage metric and record levels of liquidity.

We have a series of drilling and development catalysts that we are ready to begin working on this month and a growing CCS business that recently attracted a material partner. I truly believe the tremendous value we have created and are continuing to create for our shareholders is not currently being recognized by the market in our stock. But I'm fully convinced that it will be soon.

We will not falter in that pursuit. We will continue to execute on our operational and strategic fronts. Now more than ever, we are excited about the momentum and the direction of the company as we move into the second half of the year.

With that operator, we'll open up the line for Q&A.

Question-and-Answer Session


[Operator Instructions]. Our first question will come from Subash Chandra with the Benchmark Company.

Subhasish Chandra

So Tim, I have to ask the EnVen Reuters story. What are your comments there?

Timothy Duncan

I think you can go back and we can look at previous calls, and I think we get a question about M&A almost every call, and I think we have a fairly standard response and be the standard response here. And it's a big part of our inorganic strategy. We're always in the market. We're always looking. We've talked about looking at deals inside the Gulf of Mexico, which is where we start because we think we can affect synergies. We're familiar with a lot of the assets. We've also talked about even the potential of being outside the basin if we think we can transfer our skill sets.

I think the biggest thing we want to look for is that it's accretive and that can mean a lot of different things. It's accretive in terms of how we use sources and uses. It's accretive in terms of the assets and synergies. Is there upside? Certainly, how do we buy it? Is it accretive to free cash flow generation. So there's a lot of boxes we want to check when we're looking at deals. We're surprised at the robust market. I think there's more things on the market as we look at where we are right now than we thought we might be at the beginning of the year. So we're excited about how hard we're working on that part of our business.

Now I'm not going to comment on any specific deal. I think that's -- it's going to be tough to bake me into that. But I would just tell you that we're focused on everything we're doing there, and we're focused on a lot of opportunities.

Subhasish Chandra

So the IRA or whatever Inflation Reduction Act, so obviously there's some good elements in there. The one thing I would sort of want to get your thoughts on was so Congress can override a federal judge on the lease sale -- of reinstating the lease sale?

Timothy Duncan

Yes. Look, I mean, I think there's -- there are particularities in this. And that I think we're all trying to understand a little bit. I mean that's a question that I have as well. We need to see how that process plays out. But I think the broader commentary on this thing is -- and Robin is here, I'm going to let her talk of 45Q because I think we're talking about this piece of legislation, if you will, and the reconciliation bill.

And as if it goes through in its current form, I think it really does, and I said this in my prepared remarks, I think it really does impact us more than any E&P sector, carbon company that I can think of, certainly maybe with the majors as well because we rely on and we participate in lease sales.

And I would tell you, in that particular sale, and look, I hear your question, we're going to find out, figure out what the answer is. But not only were we one of the most active bidders, I can tell you couple of those prospects that we bid on it immediately into our portfolio. And so -- and then certainly future lease sales. That's been something that I think people have seen as a risk factor and it will be nice to take that risk factor off the table and have predictable lease sales again.

So certainly, that part of the legislation is extremely interesting to us. And then in 45Q, we're seeing advancements in Robin. you want to have a couple of comments on those advancements.

Robin Fielder

Sure. There's certainly a lot of positive provisions in this proposed act that would both extend and enhance the existing 45Q IRS tax code and allow those taxpayers claiming that credit for CO2 sequestration also have a direct pay option. So we think this is a very encouraging development, not just for some of the projects that we may try to claim the 45Q, but for many of our large industrial partners or customer base who are looking to see this enhancement in order to move forward on their projects. And so we'll continue to work with all of our stakeholders along the Gulf Coast and in other regions as we try to put together these low-cost decarbonization projects.

Subhasish Chandra

Yes, I didn't catch the direct pay. That's awesome. And then just finally, I guess on the -- as we approach January and the refi period, how are you thinking about it? I mean, my quotes might be a bit stale, but it looks like the bonds are sub at this point. I don't want to jinx it, but how are you thinking about the path to refining or repaying.

Sergio Maiworm

Yes, look, I'll start. I'm going to hand it over to Shane on this itself. Shane will supply you some thoughts on the strategy. But obviously, it starts with getting your leverage that down to something that the market really is attracted with. And so Sam, why don't you talk about how your thoughts on the refi?

Shannon Young

Yes. Look, our goal for 2022, I think you've seen it consistently both in the first quarter and the second quarter, and I think you'll continue to see for the rest of the year is to be in a position as we exit this year to deliver the best credit profile that we can deliver to the marketplace.

I think that's sort of our job number one, and that will put us in the best position to effect a refinancing when the market is right. I think the thing we don't control is the market itself, but I think your guys and others out there would tell us that it's been a tough market over the last quarter or so. And so we need that to firm back up. And look, there are cycles in the capital markets and the 2020 was a particularly rough time. But when the market window opened up, we went ahead and took advantage of it. And so look, we're going to -- fortunately, we're going to have a lot more runway this time to look at that. And in 2023, we hope to address the existing note.

Yes. We think -- you never know with the credit agencies, and we try to visit with them from time to time, certainly let them know about our progress. But I think if you look at just the additional level of debt repayments and where we are on a leverage that, and frankly, as Shane mentioned in his remarks, over $4 a share on debt repayments and auto liquidity equity owner. I think we put ourselves in a nice spot. The cost of that debt was fairly expensive, as you mentioned, it's trading lower. We'd like to push it even lower.

And so we think the decisions we made in terms of what our goals were for the year with respect to be prepared to refinance those notes. We're all the right calls, and I think the teams executed on [indiscernible].


Our next question will come from Cameron Lochridge with Stephens.

Cameron Lochridge

So I wanted to start on carbon capture. Obviously, a lot of exciting developments, which we outlined in the Inflation Reduction Act. You talked about the 45Q, the direct pay. I was wondering if you guys had any indication on whether or not there's any sort of talk in Washington around state premise on the Class 6 permitting? I know that's something that is -- the permitting process is the longest lead item, right? And so any update there that you can share would be helpful.

Robin Fielder

All right, Cameron, thanks for the question. So -- you're right. Both the state of Texas and Louisiana are seeking primacy there. Right now, that jurisdiction for these Class 6 wells and that those associated permits resides with the EPA. So it's with that agency and both the state of Louisiana and Texas have been in discussion with EPA about that potential.

And even as we prepare to file our very first Class 6 permit, we are talking with all the associated agencies as far as what's necessary and what sort of documentation and what sort of supplemental data that we want to make sure we have in place before we hit Summit to make sure we've got a very robust application form that is easy to get through, and we can help accelerate that time line.

So we're highly supportive of the states and then being able to leverage their vast resources when it comes to knowledge of the subsurface and particularly an injection and disposal wells. And so we're going to continue to advocate for that and work with all the agencies as we progress these projects.

Timothy Duncan

Yes. I think I would add and just -- I think Robin made a great remark there. In the long term, I think putting this into the state's hands makes sense, and I think will be the most efficient process.

But I do think in the near term, it's really about the application you put together and the data in that application. So again, the team is working to go execute on the first stratigraphic test in the area where we're going to collect a lot of rock property [indiscernible] oil and gas guy to go put a whole pour in a wet sand it's not -- it's against my better nature, but that's the data we need to collect.

So I think it's going to be interesting. So we're focused on the robustness of our application. We think if folks have delays in their classics permit, it may be about the robustness of the application. And that's the best we can do right now while the politics works itself out. But yes, in the long run, running this to the state, I think, would be a benefit.

Cameron Lochridge

That's helpful. I guess as my follow-up, switching to the balance sheet and cash flow. I mean, the leverage reduction has been rapid and robust over the past several quarters. I mean you're now -- you're tracking to end the year below the 1 to 1.5x target. In the past, we've talked about shareholder returns and once that leverage comes down, potentially implementing some form of dividend or buyback program. Any update there on what you can share, just discussions you're having with the Board and anything on that in would be helpful.

Timothy Duncan

Yes. Look, I'll start and Shane may weigh in as well. I mean, obviously, we think our stock is way undervalued and so you can think about what's the best way to use free cash flow and when you have a lot of it. But I -- we talked about it all the time. But I would continue to go back and say the cost of our debt too expensive. And we really think that we think about the long term, driving that cost down as a first priority leading to that next priority of returning capital back to shareholders is the way we've been continuing to think about it.

Yes. Look, I think that's right. We've -- the game plan has been really since last year is to drive the leverage that down. Pre-pandemic we sort of thought 1 to 1.5x is a very comfortable place to be. And frankly, it would serve us well your client already started there as we went into the pandemic. And coming out of it, we wanted to get back into that range. But I think as we've thought about it, we've recalibrated that to say it's probably onetime or less now and then sort of the new world order.

So we're there or we're touching on that. That's great, and we intend to kind of stay in that zone. But I think the order of operations has been get the leverage that into a great place and really have it as a position of strength, get the notes refinanced and then focus on shareholder return strategies.


[Operator Instructions]. Our next question will come from Michael Scialla with Stifel.

Michael Scialla

I want to see if we could get a little help on some of the numbers, Shane, you mentioned the impact of the downtime you're anticipating for third quarter. So we just take those numbers and subtract from kind of the second quarter level of 65,000 BOE per day to get a third quarter number and then add them back for the fourth quarter. So you're back to the 65% in the fourth quarter. Is that the best way to look at it at this point?

Timothy Duncan

Look, that's a good starting point. I mean the second quarter was relatively clean. Obviously, we had some things in the first quarter that were disrupted, the second quarter, relatively clean. And then again, those are the known downtimes that we have coming up. The big variable as always is the storm season. And so again, I'm always -- the third quarter is always tricky. And we sort of bake in into our own guidance, some views on how the overall season will look and sort of spread that out throughout and look, sometimes, we're positively surprised in other times, like 2 years ago. I mean it's just -- you end up with some negative surprises on that.

So -- but I think as a starting point, that's a good way to get started thinking about it, and then you might have a view on hurricane season that you layer on top of that as well.

Sergio Maiworm

Yes. And keeping in mind that we have to go look at the data, but I just memory would serve me that I think we've had some hurricane downtime. And again, maybe not material, but we've had it in each of the last several fourth quarters because it tends to be kind of the trailing season. So just again, Mike, as you do your modelling keep that in mind.

Michael Scialla

And then I guess on the OpEx side, it sounds like third quarter is going to be similar to second quarter and then that would step down in the fourth quarter. Is that right?

Timothy Duncan

Yes. Look, I think we'll have exactly like you said, we'll have a similar level of HP-1 dry dock maintenance expenditure that's going to flow through in the third quarter based on our outlook. That obviously goes away after that. So I think you're right. That's probably a pretty constructive way of thinking about the next 2 quarters.

And look, typically, we do some of our repairs and maintenance. You're seeing a little more higher run rate, for example, on P&A and the CapEx side in the second quarter because we typically have our best weather. So we're going to do a lot of work when the sun shines, if you will. And so some of that tails off as you get late to the third and fourth quarters as well.

Michael Scialla

Okay. And then I want to see if you talk at all about the exploration unit you're looking to form the Walker Ridge and Green Canyon area. Do you know what your working interest would be there yet? And is this a prospect Talos that you guys have generated or has the larger partners done that and maybe timing of a well or do you need more size of there? Anything more you could say on that?

Timothy Duncan

Well, look, there's not -- I was hoping to get that one kind of right across the line by the time we get to the earnings call, Michael, and I just didn't quite do it. I would tell you it's a large player. If you go to the Analyst Day slide, you port through all of them, you might find a graphic on it. It's a prospect that we've worked on for several years, and we like it. It covers a large area. We needed to kind of tie up multiple blocks, and we did that with another large operator in the Gulf of Mexico. So we'll -- as we roll out more decks and we go to more conferences and we get those landed up, we'll talk about it.

But it brings up a different theme really of how you monetize the value of a large acreage position, which we've talked about and you guys know that we have, and we talked about that in the Analyst Day as well. And so it's not about a single block. It's not about a single 2 blocks. Even if you look at the Puma West area, what makes that interesting area is we aggregated BP and Chevron into 3 or 4 different blocks. And then we were lucky enough to have a discovery and now we're appraising that discovery.

The question then becomes, what can you do in other areas where you have a portfolio of [indiscernible] prospects, for example, can we have those in different areas. And some of those we have on our own, some of those we bid with joint parties, and sometimes you have neighboring blocks that have other operators. How do you pull your acreage into a position that you could execute on its value and create these catalysts. And so that's going to be an example of one.

Again, as we get more details, we'll roll that out. Hopefully, we have more examples of that later in the year or early next year. And so you're setting yourself up not only for the program we want to execute with the operated rigs that we have, but the program we're trying to execute in '23 and '24. And that's what makes our basin different than maybe some of the onshore basins where you're just adding a rig, subtracting a rig, you're just prosecuting on the acreage that you have. We're prosecuting against the entire basin, if you will, and how do you figure out how to pull together the best ideas over a long period of time. And then if those work, ultimately, that's how you maintain a sustainable business.

So these smaller little JVs are important because they help set up what we're trying to accomplish in the future. So we'll supply more details. You'll see it on future decks, but just kind of letting the market understand that we're focused on, it was really the main point of adding that to the earnings release and to the script.


Our next question will be a follow-up from Cameron Lochridge with Stephens.

Cameron Lochridge

I'm back. You can't get rid of me. I just wanted to be clear on something. I know in the release, we said that the HP1 dry dock as well as some of the other downtime, which factored into prior guidance of 60,000 to 64,000 barrels a day for the year. I know hurricanes no one can predict that, right? But barring any like absolutely crazy hurricane season. Is that still a good range, 60,000 to 64,000 for the year?

Timothy Duncan

Yes. Look, we didn't make any changes to our guidance, so that would obviously imply that it is. And you look at the first half of the year and even with some pretty impactful downtime on a third-party pipeline north of the Phoenix field in the first quarter, I think we're on the -- obviously averaging somewhere around for the year, 64% or so.

Again, we're going to have real downtime in the third quarter. We've known that it's baked in and then let's see how things come back in the fourth quarter. But we didn't feel like we needed to change the guidance today, and so we didn't. I think the team has done a heck of a job on cost control on that side of the guidance. And then a lot of times, offshore and the capital guidance is a function of timing on some of these big rigs, and I think we've got better clarity on timing. And then obviously, on the CCS side, we've got some reimbursements from Chevron.

So we've kept guidance the same and I think that implied that kind of answers the question.


This concludes our question and answer session. I'd like to turn the conference back over to Tim Duncan for any closing remarks.

Timothy Duncan

Thanks for turning it back, and we appreciate everybody listening into the call. I mean when we go back and look at what we were trying to accomplish for the year, we talked about -- we were comfortable with -- we were going to generate a significant amount of free cash flow. I think the team did a great job in the second quarter, taking advantage of the price environment. Our operating costs were lower than anticipated. Our CapEx cost for the quarter was lower than anticipated and it allowed us to really accelerate some debt repayments.

So we're happy about that. We're excited about the catalysts we've put into the system, and we're going to drill a lot of wells in the next 12 months, and we're excited to see about those results and where that leads us as we get into kind of the second half of '23 as we get into '24, and we have less hedge volumes. And so that opens up quite a bit of price upside for us. We're thrilled with what we're doing on the CCS side. I mean to bring in a major partner like Chevron, who we think is going to really advocate for what we're trying to do in that particular area gets us excited about how we're going to develop the other areas in our portfolio. So the teams worked hard. We think we're highly undervalued.

This is a company that we think has got a lot of momentum, and we hope everybody continues to support us and pay attention, and we look forward to getting on the road and seeing and visiting with most of you. So thanks for attending the call, and we'll talk to you next quarter.


The conference has now concluded. Thank you for attending today's presentation. You may now disconnect your lines.

Fri, 05 Aug 2022 09:15:00 -0500 en text/html https://seekingalpha.com/article/4530489-talos-energy-inc-talo-ceo-timothy-duncan-on-q2-2022-results-earnings-call-transcript
Killexams : Actor Harold Perrineau Talks Epix's Science Fiction Series ‘From’

'The Matrix Reloaded' and ‘Lost’ actor discusses his new mysterious series, which just wrapped its first season.

Just finishing its first season on Epix, and already renewed for a second season is the new mystery science-fiction series ‘From,’ which was created by John Griffin and executive produced by ‘Lost’ alumni Jack Bender and Jeff Pinker.

The series stars Harold Perrineau ('Lost') as Boyd Stevens, the sheriff and de facto mayor of a nightmarish town in middle America that traps everyone who enters, while unwilling residents strive to stay alive and search for a way out. However, they are plagued at night by terrifying nocturnal creatures from the surrounding forest.

In addition to Perrineau, the cast also includes Catalina Sandino Moreno, Eion Baily, David Alpay, Shaun Majumder, Scott McCord, and Ricky He.

Harold Perrineau began his acting career in the late 80’s and gained attention in the 90’s for his work on HBO’s groundbreaking series ‘Oz,’ and Baz Luhrmann’s ‘Romeo + Juliet.’

He would go on to appear in such popular movies as ‘The Best Man,’ ‘The Matrix Reloaded,’ ‘The Matrix Revolutions,’ ’28 Weeks Later,’ ‘Zero Dark Thirty,’ ‘Snitch,’ ‘The Best Man Holiday,’ and ‘Sabotage,’ as well as successful TV series like ‘Sons of Anarchy,’ ‘Constantine,’ ‘Goliath,’ Criminal Minds,’ and ‘The Rookie.’ But he is probably best known to fans as Michael Dawson on ABC’s seminal series ‘Lost.’

Moviefone recently had the pleasure of speaking to Harold Perrineau about his work on the first season of ‘From,’ as well as what fans can expect from its recently announced second season.

Harold Perrineau on Epix's 'From.'

Harold Perrineau on Epix's 'From.'

You can read our full interview with Harold Perrineau below or watch it by clicking on the video player above.

Moviefone: To begin with, how did you get involved with this series and what was your initial reaction to the pilot’s screenplay?

Harold Perrineau: So, the casting director in the United States is a good friend of mine, Seth Yanklewitz. He's a great casting director and a great friend of our family's. Our kids are growing up together and stuff like that. So, he was casting this thing, and as he read it, I think because he knows me personally, he thought, this is Harold. I don't know that they had me in mind for the character, but he did because he's a really interesting thinker. So, he said to me, "Hey, I think I want to put your name forward with this thing. You know the director and showrunner because they're from ‘Lost,’ but they may not respond positively to it. I'm sure they want to have a separation from ‘Lost,’ but I think that this is a great project for you."

I was like, "Okay, well, let me read it, but I trust whatever you say." So, I read it and I was like, "Oh yeah. This is great. Please talk to them." He talked to them and they said, "No, thanks." That was it. They said it, “We don't want to confuse it with ‘Lost.’ But he kept going back and to them, and then he put together a meeting and we all talked. I talked to Jack Bender and somehow as we talked, it all made perfect sense. It all made perfect sense for me to be there, and for them to be there. They were going to get the ‘Lost’ comparisons, it didn't really matter whether I was there or not so that wasn't going to be an issue. I'm really happy that they trusted me with this character because I think Seth was right. I think it's something that rings in my body really well.

MF: After your experience on ‘Lost,’ were you personally concerned about appearing on another mystery sci-fi series?

HP: I was totally concerned about it. I was concerned that everybody was going to see me playing a dad stranded in a town and they were just going to scream “Walt” until the cows came home. I was really worried about it, but this character was so different than Michael in ‘Lost’ and he had so much more direct purpose. Michael was, as we all were, swinging by thin vines trying to figure his way out. But Boyd really has. He doesn't know what's going on out there, but he really knows what he's trying to do within this little town, and the difficulties that he's having with his son were really profoundly sad.

So, I just thought the character was so different that even if at first people thought they were seeing Michael, they would soon realize that this is not at all the same thing. Even if you do feel some of the flavor of ‘Lost’, some of the music, some of the tension, the way those things go, this has the potential just to be its own thing. I was really excited about it and I was just like, let the comparisons begin, it's okay. I feel confident.

MF: In the first season, Boyd doesn’t know what’s really happening, but he understands his role in protecting the community right away. Can you talk about that and your approach to playing the character?

HP: Once when they told me that he had retired from the military, that already informed me a lot because many people who join the military are people who are of service. They want to serve our country first and put their whole bodies on the line, and anybody who makes that choice, in my head, they're a certain kind of person. He stayed in the military, that was his career and so for me, I felt like right away, this is a man of great character and great purpose and wants to be of service. So, that made sense to me right away. When we find out why he becomes a sheriff, all that makes perfect sense because he has the background, and its foundationally part of who he is.

He would jump right into that role and do all the things that he's supposed to do so that's why he knows where he is. He doesn't know what's happening out there, but he knows how to build a town, how to build an infrastructure, how to get the morale together so that we can all try to move as one unit and that made sense to me. For Boyd in particular, that military background really made sense. I don't have a military background, but because of his, I really researched a lot about military leaders and that made sense for me to transfer into this guy.

Harold Perrineau on Epix's 'From.'

Harold Perrineau on Epix's 'From.'

MF: It is revealed later in the first season that Boyd is suffering from early Parkinson’s disease. Can you talk about your research into the disease and how you were able to layer that into your performance throughout the season?

HP: That was one of the things that they told me really early on. The couple of things that we talked about were my wife and what happened there, and that this ticking clock, which was the Parkinson's, that it was part of his family history and he sees it happening now. So, I did a lot of looking up where it comes from, how it affects your body, what those tremors are, where those tremors could be and how do you layer this in, in a way that it doesn't take over the performance, but it keeps reminding me this is something happening. So, it's as subtle as going to scratch your eyebrow and it reminds you, I got to figure this out quick.

So, for me, it was a thing that I just kept doing and you have to practice it a lot so that it doesn't look like you're faking it, or you're just shaking your head. You have to sort of practice the subtlety a lot. So, I would find myself walking around the city, trying to find ways of moving my body in different ways that maybe I didn't want to move them but that were happening. So, I was able to place it in a couple of places in the show that gave us just a little idea of it, but not playing too much into it.

MF: Can you talk about Boyd’s relationship with Ellis, the traumatic experience they had together arriving in the town, and working with actor Corteon Moore?

HP: Right, in this area, I kind of leaned into my own parenting skills because there are many ways you can go as a parent. You can go in this very traditional, like this is the way I said it, and that's the way I mean it. But I went into my own sort of parenting skills because the way that we're trying to parent our children was really different than the way I was parented, which is with a sense that this is a human being, and they don't have all the answers. But they do have some, and they certainly have feelings and those feelings need to be explored.

The more I can let them explore that the more that they can become who they are. So, when we find ourselves, Ellis and I, in this moment where he doesn't understand the choice I had to make, instead of me hunkering in and saying, “You better understand this,” I have to find a way to let him explore it and hope that I'll be able to find my way back to him. I think a lot of that lays into this idea that we have a town that's split between the town and the colony house, and we're all trying to survive it.

Boyd has enough wherewithal to be like, I have to let you all do that because otherwise you'll ruin what I'm doing here. That kind of compassion without being a dictator on any of those things, I think then also leads into the way that he can parent and let his son, Ellis, figure those things out. He’s just strongly and firmly convicted in what he had to do and what he has to do now.

MF: Can you talk a little more about the structure of the town and how Boyd sees his role in it?

HP: Look, I think a lot of it was informed fortunately and unfortunately in what was happening in our country. Everyone had these different ideas about how we were dealing with the pandemic or how we were dealing with these racial reckonings. Everybody having these really strong opinions, and you could fight them and then destroy the whole thing, or you could try to find a way to manage and let everybody have their voice. You have your voice and in the same way that jazz music all comes together, we can somehow make it all work together.

I think having that experience, I was able to transfer it really directly and really personally into ‘From’ because all the stuff at the colony house feels really reckless to me, and to Boyd, but doesn't feel really reckless to them. So, how do I not infringe on their rights, but not let their rights infringe on mine? So, all those things were really ripe already in all of our psyches and I just tried to transfer it over. It was kind of cathartic for me as we went through it but it's also really exciting because I think everybody can feel how it feels for them, and probably how it feels for me and it transfers really easily.

Elizabeth Saunders, Chloe Van Landschoot, Ricky He, and Harold Perrineau on Epix's 'From.'

(L to R) Elizabeth Saunders, Chloe Van Landschoot, Ricky He, and Harold Perrineau on Epix's 'From.'

MF: Finally, looking ahead to season 2, how much do you know about the future of the series and how much do you want to know? Are there lessons you learned from ‘Lost’ about the value of a strong ending?

HP: That's a fair question my friend. I've told people before, ‘Lost’ really was really in the moment. You're watching an episode and then right at the end they supply you a scene and you're like, "Oh my God. What happened to his wife?" It’s so much, and so this series isn't that stark. With this series we certainly had a lot of information about who Boyd was and how I could play him, but not where Boyd was going.

But because I had that little bit of information, it makes it feel really different than ‘Lost.’ So, when these guys say, "No, we really do have an ending,” I actually really believe them. I really have a bold trust in them, and not that ‘Lost’ didn't have an ending, it did, but there was a lot more to deal with. They had 22 episodes, lots of sprawling characters and they were really diving into a whole thing. We have a shorter amount of time to tell the story. We have just 10 episodes and maybe only a few years. I know that they really have a story to tell and that feels good for me as a participant and really good to say to people who are watching. So, just hang on with us, they really do have it.

In fact, I don't really know anything about this next season. I actually had a conversation with one of the writers just a day ago and there was nothing. He said, "So what do you want to know?" I was like, "Well, what's going on?" He said, "Well, you know, you're in a tree, right?" I said, “Yeah, I know that." He's like, "You know, we'll have to figure that out." I don't see 'From' going on endlessly. I don't know how long we will go on, but I don't see them thinking about it as going on endlessly, especially if they have an end in mind.

Eion Bailey, Harold Perrineau, Ricky He on Epix's 'From.'

(L to R) Eion Bailey, Harold Perrineau, Ricky He on Epix's 'From.'

Sat, 09 Jul 2022 07:02:00 -0500 en text/html https://www.moviefone.com/2022/07/09/harold-perrineau-talks-from/
Killexams : $63.6 billion Worldwide Cloud Enabling Technologies Industry to 2030 - Featuring BMC Software, HP Development, IBM and Microsoft Among Others

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Dublin, July 25, 2022 (GLOBE NEWSWIRE) -- The "Cloud Enabling Technologies Market Size, Share, Trends, By Deployment Mode, By Technology, By Application, By Solution Type, By Service Type, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The global cloud-enabling technologies market size is expected to reach USD 63.63 Billion in 2030 and register a revenue CAGR of 8.3% over the forecast period, according to the latest report. The cloud-enabling technologies market is expected to grow owing to the rising need for efficient utilization of data center resources and enhanced operational capabilities. Additionally, the increasing adoption of cloud services among small and medium enterprises (SMEs) is anticipated to fuel market growth over the forecast period.

The cloud enabling technologies market comprises various software tools and platforms that enable an enterprise to develop, deploy, and manage its applications on the cloud. Cloud enabling technologies help enterprises in reducing their IT infrastructure cost and improving their operational efficiency.

Rising demand for cloud-based services and applications and the need for reducing operational costs are the major factors driving the growth of the cloud enabling technologies market. Majority of cloud solution providers are still in the early stages of adoption and are focused on providing basic cloud services. However, providers have started to offer new capabilities to enable enterprises to take advantage of cloud technologies for their digital transformation initiatives. These include DevOps automation, microservices-based application development, and serverless computing.

In addition, solution providers are also investing in research and development to create new cloud-based services and applications that can address the needs of enterprises across different industries. For instance, IBM has been investing in blockchain technology to create a decentralized platform that can be used by enterprises to streamline their operations.

Various features of cloud services including scalability, reduced IT cost, pay-per-use model, and others are fuelling the growth of the cloud enabling technologies market. The cloud enabling technologies market is expected to grow from USD Things like big data, gaming, and social media networks have been a major source of data. This has led to an increase in the demand for storage space on remote servers. Cloud services are being used to store and manage this data.

Deployment of cloud can reduce the overall IT cost by optimizing the data center resources. Capgemini's research indicates that the use of cloud can lead to an 18% reduction in the total IT cost. Cloud enabling technologies can broadly be classified into four categories, namely, infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS), and business process as a service (BPaaS).

IaaS includes solutions such as storage, servers, and networking, which can be delivered to the customers on demand over the Internet. PaaS solutions provide a platform for developing, testing, and deploying cloud-based applications. SaaS solutions are application oriented and are delivered to the customers on demand. BPaaS solutions help in automating business processes, such as human resource (HR) and customer relationship management (CRM).

Some Key Highlights From the Report

  • On 12 November 2021, Microsoft Corporation (NASDAQ: MSFT) announced that it had completed the acquisition of M12, Microsoft's venture fund. The fund has now been renamed to Ignite and will be managed by a team within Microsoft Ventures. This move signals Microsoft's continued focus on startups and their role in the company's future.

  • Public cloud segment revenue is expected to register faster revenue growth rate during the forecast period due to the increasing adoption of public cloud services by small and medium enterprises (SMEs).The Asia Pacific cloud enabling technologies market is expected to grow at the highest CAGR during the forecast period due to the presence of a large number of SMEs in the region.

  • Multitenant technology segment accounted for the largest revenue share in 2021 due to the high demand for multitenancy in the cloud market. In addition, the segment is expected to grow at a CAGR of over 25% during the forecast period.

  • BFSI segment revenue is expected to register a steady growth rate during the forecast period due to the increasing demand for cloud-based banking and insurance applications among small and medium enterprises.

  • The healthcare sector is anticipated to grow at a significant pace owing to the rising adoption of cloud-based healthcare applications such as electronic health records (EHRs), enterprise resource planning (ERP), and patient management systems. The education sector is also expected to exhibit a significant growth rate due to the increasing adoption of cloud-based education applications and solutions among educational institutions.

Companies profiled in the global market report include BMC Software, Inc., HP Development Company, LP., IBM, Microsoft, Dell Technologies, Oracle, Citrix Systems, Inc., Broadcom, Parallels International GmbH, and SAP.

Key subjects Covered:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Cloud Enabling Technologies Market Segmentation & Impact Analysis
4.1. Cloud Enabling Technologies Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis Increasing digitalization across industries Increasing demand for cloud-based services
4.2.3. Market restraints analysis Limited control and flexibility Rising cyber threat
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Price trend Analysis
4.6. Customer Mapping
4.7. Covid-19 Impact Analysis
4.8. Global Recession Influence

Chapter 5. Cloud Enabling Technologies Market By Deployment Mode Insights & Trends
5.1. Deployment Mode Dynamics & Market Share, 2022 & 2030
5.2. Public Cloud
5.2.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
5.2.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
5.3. Private Cloud
5.3.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
5.3.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
5.4. Hybrid Cloud
5.4.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
5.4.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)

Chapter 6. Cloud Enabling Technologies Market By Technology Insights & Trends
6.1. Technology Dynamics & Market Share, 2022 & 2030
6.2. Broadband Networks & Internet Architecture
6.2.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
6.2.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
6.3. Data Center Technology
6.3.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
6.3.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
6.4. Virtualization Technology
6.4.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
6.4.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
6.5. Web Technology
6.5.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
6.5.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
6.6. Multitenant Technology
6.6.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
6.6.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)

Chapter 7. Cloud Enabling Technologies Market By Application Insights & Trends
7.1. Application Dynamics & Market Share, 2022 & 2030
7.2. BFSI
7.2.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
7.2.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
7.3. Telecom & IT
7.3.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
7.3.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
7.4. Manufacturing & Retail
7.4.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
7.4.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
7.5. Healthcare
7.5.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
7.5.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
7.6. Others
7.6.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
7.6.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)

Chapter 8. Cloud Enabling Technologies Market By Solution Type Insights & Trends
8.1. Solution Type Dynamics & Market Share, 2022 & 2030
8.2. Service-oriented Architecture (SOA) Solution
8.2.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
8.2.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
8.3. Autonomic Computing
8.3.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
8.3.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)

Chapter 9. Cloud Enabling Technologies Market By Service Type Insights & Trends
9.1. Service Type Dynamics & Market Share, 2022 & 2030
9.2. Platform as a Service (PaaS)
9.2.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
9.2.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
9.3. Infrastructure as a Service (IaaS)
9.3.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
9.3.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)
9.4. Software as a Service (SaaS)
9.4.1. Market estimates and forecast, 2019 - 2030 (USD Billion)
9.4.2. Market estimates and forecast, By Region, 2019 - 2030 (USD Billion)

Chapter 10. Cloud Enabling Technologies Market Regional Outlook

Chapter 11. Competitive Landscape
11.1. Market Revenue Share by Manufacturers
11.2. Manufacturing Cost Breakdown Analysis
11.3. Mergers & Acquisitions
11.4. Market positioning
11.5. Strategy Benchmarking
11.6. Vendor Landscape

Chapter 12. Company Profiles
12.1. BMC Software, Inc.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Technology Insights
12.1.4. Strategic Initiatives
12.2. HP Development Company, LP
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Technology Insights
12.2.4. Strategic Initiatives
12.3. IBM
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Technology Insights
12.3.4. Strategic Initiatives
12.4. Microsoft
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Technology Insights
12.4.4. Strategic Initiatives
12.5. Dell Technologies
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Technology Insights
12.5.4. Strategic Initiatives
12.6. Oracle
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Technology Insights
12.6.4. Strategic Initiatives
12.7. Citrix Systems, Inc.
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Technology Insights
12.7.4. Strategic Initiatives
12.8. Broadcom
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Technology Insights
12.8.4. Strategic Initiatives
12.9. Parallels International GmbH
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Technology Insights
12.9.4. Strategic Initiatives
12.10. SAP
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Technology Insights
12.10.4. Strategic Initiatives

For more information about this report visit https://www.researchandmarkets.com/r/1pvojf

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Sun, 24 Jul 2022 23:17:00 -0500 en-US text/html https://finance.yahoo.com/news/63-6-billion-worldwide-cloud-101800063.html
Killexams : Review: 2023 BMW iX is charmingly offbeat, delivers on range ratings

Think EVs are becoming normal? 

Turning heads inside and outside, and flaunting equal parts tech leading edge and design oddity, the 2023 BMW iX is anything but conventional. And, as I found in a latest week with the iX, this kind of weirdness grew on me. 

The BMW iX pairs some of the advanced material smarts and the battery and electric propulsion braintrust of the BMW i3 with a more conventional shape that families can relate to. All of the iX’s considerations for keeping its structure light and strong have allowed for two important themes in this big SUV: A nimble driving feel, and the opportunity to pack in more battery—and driving range. 

It almost delivers on all those things. The nimble feeling is pretense; really, it’s far more tuned for comfort and ride than for sharp handling. It’s not the kind of ride and handling other U.S. BMW models even offer, but in this one case, the iX casts the net of appeal wide.

2023 BMW iX xDrive50

2023 BMW iX xDrive50

Looking past all the levels of quirky—which I’ll get to shortly—the iX easily makes the honor roll as an electric vehicle. It packs all the pieces of BMW’s in-house-engineered fifth-generation EV propulsion system, including a 105.2-kwh pack, with prismatic cells set into modules. The dual-motor system makes a combined 516 hp and 564 lb-ft of torque in our test xDrive50i. The rear motor not only has a higher output than the front (335 hp and 295 lb-ft of torque, versus 268 hp and 250 lb-ft of torque); it’s geared significantly lower than the front for stronger launch characteristics, while the system can depend more on the front motor in cruising. 

Keep ‘i’ weird?

First, the design-oddity part. From its perplexingly big, bold face to its incongruous surfacing, quirky frameless doors, and visible carbon-fiber body pieces, the iX makes no aim at universal appeal and “normal.” It’s for those who want The Future to look like nothing else, and to pack all kinds of technology that makes it collectively feel like nothing else.

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

BMW’s ‘i’ franchise of electric cars has been a little hard to follow, and the iX is a completely different kind of vehicle than the i4 hatchback. The iX follows in some of the footsteps of the urban-focused i3—albeit with double the weight, and a mother lode of visual and functional non sequiturs. The profile, stance, and proportions are just fine. But the tall, blunt snout and giant textured faux grille—surfaced with self-healing solid plastic—catches a bevy of bugs on highway trips but doesn’t fit a frunk. Thin taillights and a bulbous look in back don’t match the front (or sides) and don’t seem to have any continuity to anything previous hatch or SUV from BMW or i. Its profile is attractive and nicely proportioned from the side; the combination of the floating roof and the surfacing down below just feel like several ideas thrown at a wall. 

The longer you look it, the less it makes sense. So get inside. 

2022 BMW iX xDrive50

2022 BMW iX xDrive50

And then you know what? It’s pretty great. It has the best luxury interior in a larger, fully electric SUV, I’d say, once you get used to some of the interface niggles and a continued onslaught of different-for-different’s-sake. Yes, you’ll get your hackles up over some of the details, but they’re almost all things that I warmed up to over the course of a week. 

The iX continued to throw me curve balls in the way that it won me and other passengers over. It really oozes quiet solidity. It’s warmly adorned and feels truly luxurious for five. Front footwells span across the cabin, with a center console sitting as an island in just the right position to act as an armrest without getting in the way of the middle position in back. Getting in and out is easy and head and leg room are more than abundant for all. Seats fold easily, and there’s good cargo space, too, with a tray area underneath a firm floor divider. 

2022 BMW iX xDrive50

2022 BMW iX xDrive50

The frameless doors supply the iX some of the design panache of a coupe—it’s the first BMW SUV to get them, and I suppose we can be glad BMW didn’t attempt a version of the i3’s suicide-door layout. But the execution of iX doors is strange whether you’re inside or outside. While they offer an excellent seal from wind noise, their mechanisms (inside and outside) proved finicky, and you have to learn the pacing of them. Further, the Comfort Access feature, which locks and unlocks the doors automatically, was on high alert, locking the car even when I walked around to the charge port to plug it in. 

Efficiency on multiple fronts

The iX is built around an aluminum space-frame body, incorporating carbon fiber reinforced plastic (CFRP) for strength and rigidity in specific places—like around the doors and hatch, where they’re visible—without adding too much extra weight. Its approximately 5,700 lb is portly compared to many gasoline SUVs, but somewhat slimmer than comparable EVs, even while packing more battery. 

2022 BMW iX xDrive50

2022 BMW iX xDrive50

Considering the space and the comfort, the BMW iX is remarkably efficient. After a full charge, I did about five and a half hours and 253 miles of touring, a mix including about 85 miles of 65-75-mph freeway driving, and the remainder on two-laners, climbing from about 500 feet up to 4,000 feet elevation and back down. 

That included a mix of modes, too, with some Eco-mode driving on the highway, as well as some aggressive Sport-mode driving. Summer temperatures were exceptionally warm for Portland—running in the mid-80s to upper 90s for much of the time I had the iX—and I didn’t spare any use of the climate control. 

2022 BMW iX xDrive50

2022 BMW iX xDrive50

At the end of that, I still had 20% remaining. And according to the iX it amounted to an average 3.0 mi/kwh—better than I’ve seen in similar driving with a number of smaller EVs. 

Charging is steady and quick enough

Plugging into an Electrify America 150-kw connector, I went from 20% to 60% charge in exactly 20 minutes—recovering about 125 miles of range—with the charge power jumping almost immediately to a peak of 141 kw and settling gradually to 118 kw by the time I unplugged. The iX isn’t the fastest-charging, but it’s steady and kept to its original time prediction—and that’s important.

2022 BMW iX xDrive50

2022 BMW iX xDrive50

My test iX totaled $101,020, and one of its many options was the $1,600 Dynamic Handling Package, which adds a rear air suspension, adaptive dampers, and rear-wheel steering. The iX’s rear-wheel steering makes it feel like a much smaller vehicle to maneuver, and in tight city streets the hair-trigger maneuverability back and forth is useful and precise if you have both hands on the wheel but a little touchy and nervous-making if you’re looking back on a toddler. I speak from firsthand experience. 

All those underpinnings make the iX sound like it’s going to be a back-road stormer. It is, in a way, but it’s not inspiring. As I selected Sport mode and took the iX on a heaving country road with oddly banked corners and hairpins, the iX went comfortably numb. It was very hard to get a sense of how much grip there was and to tell how connected it was with the road. It held on tenaciously, but didn’t feel rewarding, and in this backroad route that I take with a lot of cars, it was one of the most composed yet rapid I can recall. 

Fast but not fun

I’m happy with everything but the steering. Braking is well-blended and stops are precise, and the entire powertrain feels well in tune with the iX’s dynamics and body motion, responding sharply with power when and where needed, and quietly. 

The iX offers four modes for brake regeneration, including adaptive, high, medium, and low. I found the medium regen setting to be about perfect in a wide range of uses—most leisurely city and suburban driving, in which I only stepped on the brake near the end of a stop—and I only looked to dial it up when I was really cooking along on a backroad and wanted to be dabbing less between the accelerator and brake. 

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

There is, by the way, a sound-supplementation system that name-drops Hans Zimmer, and that you might find inspiring for your drive—if you want your passengers to leave with the impression that, in Sport, your $100,000 SUV sounds like your console driving games. You can turn that off.

Even then, on the outside, in a parking lot or driveway, the iX sounds like it has an engine under the hood, because the climate control, which is under the hood, is so loud whenever you approach the vehicle with the keyfob in your pocket. 

A jewel box of space

Inside, the iX is a whole lot of practical—even though details like its jewel-like seat adjustment controls might scream out otherwise. There’s true space for five adults—or four plus a child seat, with room to spare. Cargo capacity is 35.5 cubic feet with the rear seatbacks up or 77.9 cubic feet with them folded forward. A long, shallow tray below the cargo floor helps keep items safe and out of sight, and there’s lots of space for any grocery stockup.

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

2022 BMW iX xDrive50

The iX has no frunk. There’s no way to pop the hood, just a windshield-washer filler beneath the BMW emblem. 

The interface itself isn’t eccentric, but it’s more complex than it needs to be. A configurable gauge cluster sits in 14.9 inches of screen space, while at the center of the dash and canted toward the driver is a 12.3-inch touchscreen that reminds me of a billboard on a hillside in the way it’s mounted atop the steep dash.

2022 BMW iX xDrive50

2022 BMW iX xDrive50

BMW’s iDrive 8 gives you lots of redundancy, and the home screen is straightforward enough, but finding special functions involves not the tree-structure menu you might have become familiar with in BMWs past, but sifting through a screen full of app icons instead. Is the latter really better?

Steering a hex

One of the things I warmed up to in the iX is the weird, initially off-putting hexagonal steering wheel. Engaging the Driving Assistant Professional system—adaptive cruise control plus active lane assist—you can place one hand or both on the flat bottom and quickly flip them up to the side when your attention is warranted. It is a better idea than the yoke, all around. 

2022 BMW iX xDrive50

2022 BMW iX xDrive50

So where is the iX’s element? We struggled with that—and even by the end of the week didn’t have a clear answer. If anything, this is one of the most efficient, contented long-distance cruisers among the electric SUVs, despite some mixed messaging. 

2022 BMW iX xDrive50

2022 BMW iX xDrive50

No, it’s not normal. But everything about the iX as an electric vehicle excels; everything about it as a luxury vehicle does, too. It’s all the pieces in between—the styling, the handling, hardware—that confound. And if they keep growing on you, maybe this is the one. 

Mon, 01 Aug 2022 03:00:00 -0500 en text/html https://www.greencarreports.com/news/1136678_review-2023-bmw-ix-is-charmingly-offbeat-delivers-on-range-ratings
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