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HPC Market Watch
Zipcar is seeing increased competition in the car-sharing market, which is one reason that it might not be growing as quickly as it, or analysts, like. Zipcar reported second-quarter loss of $422,000 today, or $0.01 a share, compared to a net loss of $5.6 million, or $0.17 a share, in the prior year’s second quarter. The earnings came on revenues of $70.8 million, which is up 15 percent from $61.6 million in the second quarter 2011.
But Wall Street analysts expected the company to break even this quarter, with revenue rising 18.7 percent to $73.1 million. And Zipcar missed its own revenue forecast of between between $71 million and $74 million. Zipcar shares popped during the IPO, rising to nearly $30 a share. But ever since, they’ve been on a gradual decline, and closed out the day pre-earnings at 10:50. Zipcar saw its shares drop 6 percent in after-hours trading.
In addition to its GAAP earnings, Zipcar reported it now has 731,000 subscribers, which is up 21 percent from the 2011 second quarter. It recently launched Zipvan service in Chicago and Toronto, and also expanded into Austin, Texas, with 40 vehicles there. Zipcar reported that in its established markets — which include Boston, New York, San Francisco, and Washington, DC — revenues grew 16 percent to $39.8 million. But less mature markets didn’t fare as well, particularly Europe. Scott Griffith, Chairman and CEO, wrote in the press release:
“Despite these gains, we brought in fewer members than we had anticipated, and we faced economic challenges in our UK business. Moving forward, we are taking actions to maximize returns on our marketing spend, and we will be rolling out initiatives to accelerate adoption and expand our service offerings.”
The report comes as Zipcar faces increasing competition in the car-sharing segment. It’s coming under attack from local services like City Car Share, and is seeing startups like peer-to-peer car rental services Getaround and RelayRides pop up. Earlier today, Getaround announced that it was launching Getaway, a service that will let its member rent out their cars full-time, which could instantly give it a fleet of cars to compete with Zipcar in launch markets like San Francisco and Chicago. And RelayRides recently partnered with GM and OnStar to get more car owners sharing on its peer-to-peer marketplace.
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May 23, 2013
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In quieter times, sounding the bell of funding big science with big systems tends to resonate further than when ears are already burning with sour economic and national security news. For exascale's future, however, the time could be ripe to instill some sense of urgency....
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NASA Builds 'Climate in a Box'
May 23, 2013 |
The study of climate change is one of those scientific problems where it is almost essential to model the entire Earth to attain accurate results and make worthwhile predictions. In an attempt to make climate science more accessible to smaller research facilities, NASA introduced what they call ‘Climate in a Box,’ a system they note acts as a desktop supercomputer.
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May 22, 2013 |
At some point in the not-too-distant future, building powerful, miniature computing systems will be considered a hobby for high schoolers, just as robotics or even Lego-building are today. That could be made possible through recent advancements made with the Raspberry Pi computers.
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When it comes to cloud, long distances mean unacceptably high latencies. Researchers from the University of Bonn in Germany examined those latency issues of doing CFD modeling in the cloud by utilizing a common CFD and its utilization in HPC instance types including both CPU and GPU cores of Amazon EC2.
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