FINXpress FEBRUARY 08, 2015 | A FINNICHE INITIATIVE
Opinion
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IMF Reforms Delayed: Alternatives needed | 4
Term of Week Follow-up Public Offer | 6
Personality Vinod Dham |11
In Focus Delhi Elections | 2
Tech World Stream Mini and Pavilion Mini Affordable Compact PC’s |12
FinXpress February, 08 | 2015 | Volume 33
Chakravyuh’15 The countdown for Chakravyuh’15, IMT Ghaziabad’s Sports event has begun. The teams are
CONTENTS
finalizing their strategies and practicing with full vigor. The battlefields are under the process of renovation. The inauguration ceremony of the event is to be held at 18:00 hrs on 12th February,2015. IMTians are invited to attend the event and show your support to the teams.
InFocus | 2 Delhi Elections
Club FinNiche releases its weekly magazine FinXpress, with the In Focus talking about the ‘Delhi Elections’. The Opinion gives an overview of ‘IMF Reforms Delayed: Alternatives
Opinion | 4
needed’.
IMF Reforms Delayed: Alternatives needed
The term of the week describes “Follow-on Public Offer", an issuing of shares to investors by a public company that is already listed on an exchange. Do have a look at the market section,
Term of the Week | 6 Follow-up Public Offer
Market this Week | 7
Tech world which brings to you about Stream Mini and Pavilion Mini Affordable Compact PC’s and Personality of the week, Vinod Dham. Hope everyone likes the revamped version of magazine. Club FinNiche welcomes any comments, suggestions or criticism regarding the magazine. Please do write to us and share your ideas.
News | 9 Happy Reading! Personality | 11 Vinod Dham
Regards The Editorial Team
Tech World | 12
Club FinNiche
Stream Mini and Pavilion Mini Affordable Compact PC’s.
Disclaimer: FinXpress takes no responsibility for the opinions expressed in the magazine.
Publisher of the edition: Priti Sureka
Page 1 of 12
In Focus - By Shashwat Shekhar
Delhi Elections On 12th January 2015, Election Commission of
Though these measures were viewed favourably
India announced that state assembly election of
across India, a section of people expressed caution
Delhi is going to be held on 7th February, 2015.
over the populist measures. Arvind Kejriwal’s
This is the second time in the last fourteen months
resignation
Former Chief Minister, Arvind
that the people of Delhi will vote to elect a Chief
considered as a betrayal of people’s trust and was
Kejriwal, a strong contender.
Minister.
condemned by all political parties as a wrong
The last election held in December ‘13 resulted in a
move. Arvind Kejriwal challenged Prime Minster
fractured mandate with Bhartiya Janata Party
Narendra Modi from Varanasi in the Lok Sabha
emerging as single largest party (32 seats),
elections and lost by a significant margin. Senior
although failing to form a majority in the state
leaders left the party citing autocratic nature of the
assembly. Aam Aadmi Party took part in the
leader. AAP’s popularity declined for major part of
elections for the first time under the leadership of
2014. An opinion poll survey held in December
Arvind Kejriwal and came in, a close second to BJP
2014 by news channels showed that AAP would
(29 seats). Finally, AAP with the support of Indian
finish a distant second, behind BJP, if fresh
National Congress formed a government with
elections were to be held in Delhi. Since then AAP
Market might experience a sell
Arvind
has made a credible comeback.
off if AAP comes to power.
government
The last government lasted only 49 days.
Power companies are apprehensive about AAP winning the election.
Kejriwal
as
lasted
the 49
Chief days
Minister. because
This
as
Chief
Minister
of
Delhi
was
Arvind
Kejriwal resigned from his post as the government
Arvind Kejriwal started the campaign by making a
failed to table the Jan Lokpal Bill in the assembly.
public statement that quitting the Chief Minister’s chair was one of his biggest mistakes. Also for
BJP expressed inability to form the government,
major part of the campaign AAP has avoided direct
hence the state assembly was dissolved and
attacks on BJP and in particularly the Prime
President’s rule was implemented. It is a difficult
Minister. They have also promised to install 15 lakh
situation to be in, for a state that had the same
cameras to ensure safety of women, provide free
Chief Minister for 15 straight years before 2013.
Wi-Fi in Delhi, build around 2 lakh toilets in the capital and many more.
As campaign draws to a close, let’s have a look at major contenders:
A new opinion poll has showed AAP finishing ahead of BJP. AAP’s ideology is more along the
AAP under Arvind Kejriwal: Founded primarily to
lines of socialism rather than capitalism. When it
champion the cause of common people of India,
was in power AAP took a stand against FDI in multi
they spoke against corruption and VIP culture of
brand retail. This stance made the business
politicians. The party made huge waves in the 2013
community jittery. Some investors from silicon
assembly elections by winning 29 seats. Once in
valley have voiced their concerns about investing in
power, populist measures, such as providing
Delhi if AAP comes to power. In it’s brief stay AAP
20,000 L of free water to every household every
had managed to antagonize the corporate houses.
month, were taken. Cost of electricity was reduced.
So much so that the day the result of opinion polls
Page 2 of 12
In Focus
were announced the market recorded a dip. The
BJP has chosen to keep quiet on providing full
shares of power companies like Reliance and Tata
“statehood” to Delhi. The impact of this vision
Power were specially affected. It is possible that if
statement can be gauged only after the results. BJP
AAP wins the elections, market may experience a
is known for it’s business friendly attitude. The party
sell
especially
is in favour of GST and unlike AAP, they have been
apprehensive as AAP wants an independent audit of
clear about it. Implementation of GST would lead to
off.
Power
companies
are
the power companies. In the recent campaign AAP
increase in investments in Delhi and would provide
Kiran Bedi is BJP’s Chief Min-
has tried to pacify the business community. AAP’s
stable tax environment to the corporates. Markets
isterial candidate.
manifesto has promised lowest VAT in the country.
are expected show substantial gains if BJP comes to
They have also promised simplify VAT filing for the
power in Delhi.
The
corporate
houses
are
traders. INC under Ajay Maken: With only 44 members in
backing BJP to win the elections.
BJP is in favor of implementing GST.
INC might play a role in case of a hung assembly.
BJP under Kiran Bedi: The rise of BJP in 2014 has
Lok Sabha and having lost all the assembly elections
been spectacular with the party winning 282 Lok
after that, INC has been written off by everyone.
Sabha seats . Since then the party has been able to
They are expected to win fewer seats than last time.
record wins in almost every state assembly elections
But the grand old party of India might have a role to
held including Jharkhand, Maharashtra, Haryana. In
play in case of a fractured verdict just like in 2013.
J&K it is expected to form a government in alliance with PDP. Much of this success has been dedicated
Delhi goes to vote on 7th February and counting is on
to the Modi wave with the Prime Minister being the
10th February. The result of this election could
face of most of the campaigns. BJP has fought all the
possibly define the direction of politics in India.
elections with development as the prime focus.
Results of opinion poll held in Dec 2014 and Jan 2015.
The party has produced successful Chief Ministers in Narendra Modi, Shivraj Chauhan and Manohar Parrikar. BJP was favoured to win the state elections of Delhi but as stated earlier the scenario has changed and AAP is now favourite to win the election. To strengthen leadership in Delhi BJP inducted two former allies of Arvind Kejriwal into the party- Kiran Bedi and Shazia Ilmi. They nominated Kiran Bedi as their Chief Ministerial candidate. Kiran Bedi who was India’s first woman IPS officer is considered by BJP, a strong candidate to challenge Arvind Kejriwal. BJP posts 5 questions to AAP everyday in order to target them. BJP’s 250 point vision statement for Delhi includes key areas like transparency,
accountability
and
no
(Source: Economic Times)
tolerance
towards corruption.
Page 3 of 12
Opinion - By Shubhra Sasmit
IMF reforms delayed: Alternatives needed
Key Points
IMF functioning
The IMF (International Monetary Fund) calls itself
2010 that was to be implemented within 3 years.
the first responder to a financial crisis, their claim
The problem is that to pass any reforms the IMF
that they justify by their response to the 2007
has to approve the reform by a whopping 85% of
economic
the
the majority, this is where the problem lies, US has
European crisis and the debt crisis that is
the voting share of 16.75% effectively giving it a
continuing till now in Greece. But the question that
veto, and several congressional sessions have
crisis,
and
their response
to
arises today is whether their effectiveness and their Role of IMF in the world
legitimacy is beyond doubt or whether its in serious doubt. The IMF functions in a quota based way, where each country has a weightage given on the
Decision Structure
basis of their relative size in the global economy, Changing landscape
global
economy
and according to these weightage their respective contributions to the IMF funds are determined. The countries pay their share of quota of fund in the following ways: One quarter of their share in form of the widely accepted foreign currencies such as US dollar, euro, yen and pound) or in the form of SDR( Special Drawing Rights) and the remaining share are paid in their own currencies. The problem that exist today is that institutions like IMF were born from the Bretton Woods system that basically gave control of the decision making to the relevant countries of that time when it was formed (27 December, 1945). So although the IMF today has 188 members, but the main decision making
passed without the US Congress ratifying the IMF
body of the IMF, the executive body has 24
reforms, whereas the current vote share that has
members which looks after the day to day
already approved the package is 77% that is
functioning of the IMF, these 24 board members
almost the entire members of the IMF community.
represents all 188 countries, where the smaller countries are grouped together to from one
The reforms were supposed to make the IMF more
member, with US and China having their own seat.
legitimate and would have shifted 6% weightage to the emerging economies including China which
To reflect the growing changes in the world
would have seen the biggest growth in its voting
economy the IMF passed a reforms package in
share.
Page 4 of 12
Opinion
What should India do?
and the countries of the Africa in UN, so India lending its voice to the institutions like BRICS and
Role Of India
BRICS and other institutions
Role of emerging economies
India, one of the leaders of the emerging economies
ADB, will diversify the global economic landscape
and having 4.4% of the GDP share of the world
as India today is one of the leading economies of
economy, was to see an increment to its voting
the world, though there is still a long way to go.
share in the Board of Governor in the IMF, it would increase from 2.44% to 2.75%, making it the 8th
Decisions like financing Greece on its debt even
th
though the Greeks didn’t qualify on 3 out of the 4
position. The continued delay by the US in doing its
categories for issuing fund by the IMF, just goes on
part, rankles the BRICS and the other emerging
to show that the IMF is and was a west dominated
countries. For all its preach of inclusivity and
institution which is averse to change.
largest quota holder at the IMF from the current 11
representations The future of global institutions
Europe
and
US
refuses
to
democratize the IMF and thereby reduce their
Europe is grossly over represented which is and will
power, even though after reforms US would still
lead to clashes with the emerging economies.
enjoy veto. The future lies with a parallel structure that can take India should and it is doing, work with BRICS
in the needs and the rights of the emerging
economies and further strengthen the BRICS bank
economies, and creates a rule based organization
process and create a parallel structure, if the IMF
where the playing field is the same for all. India
can’t reform.
along with China have to become the leader of these movements as they are the bastions of the
Cooperation should remain there with IMF and
emerging economies.
World Bank on issues of global importance. The reality is the world is moving towards multi polarity, and institutions need to reflect that, a functioning
This is by no means a call to arms, India is and will
BRICS bank and other banks like ADB decreases
continue to be a partner of the West and Europe,
the clout of the western nations who are overly
these steps are required for writing and updating
represented in these institutions which is not
the rules that were last written in 1945, to factor in
reflected by their share of the global economic
the changes that has taken place and the changes
landscape, just for an example China, the world’s
that will take place. Regional institutions like BRICS
second largest economy, will still be third in the
bank can help usher in the changes and acts as a
overall quota of the IMF even after reforms.
check on the IMF and World Bank and can be a constant reminder that parallel institutions exist, if
India is often called the voice of the underdeveloped
they think they can afford to be complacent.
Page 5 of 12
Term of the Week -by Mohana Krishna Kummara
Follow-on Public Offer
property
and
licensing
raising funds from general public will issue stocks
share unlike 1,00,000 shares before FPO. This is
of the company for the first time. This process of
called dilutive FPO because all the earnings and
issuing of shares to the general public is called
the multiples are diluted because the same
intellectual
initial public offering (IPO). This is usually done by
earnings are to be shared between more number
company
small companies who are seeking capital to
of shares.
Corporation
technology
income now is eligible to share between 1,50,000
a
Energous Energous
When any company which wants go public by
is
which will leveraging strategic partnerships to expand the WattUp ecosystem.
It is also software controlled
expand
and
also
by
large
privately
owned
businesses looking to become publicly traded.
But, in case of non-dilutive FPO the company will
Now, what if the company needs further funds
not issue any new shares but the founders/chief
which it wants to raise through equity from public.
executives of the company will sell their shares
Can the company issue share again? Yes, this is
increasing the float i.e. number of share available
called Follow on Public Offer (FPO). FPO (Follow
for general public. The number of shares here
on Public Offer) is a process of issuing new shares
remains 1,00,000 and this is the reason earnings
to the public by a company which is already listed
are not diluted and so called non-dilutive FPO.
The entire WattUp wire-free
on an exchange. FPO is generally used by
charging system is software
companies to diversify their equity base
If we look into the differences between IPO and
controlled. Using either a mo-
A follow-on offering can be both dilutive and non-
FPO, IPO is more risky. For an individual investor it
bile app or cloud-based web
dilutive or a mixture of both. In a dilutive follow-on
is difficult to predict the price of the share and
portal, you can to identify
offering the company issues new shares in addition
future prospects of the company because very little
which devices you want to
to the already existing shares in the public. Where
information is available about the company’s
receive power, in which order
as in case of non-dilutive follow-on offering
history. Also, most IPOs are of companies going
of priority,
and even at what
company is not increasing its existing number of
through a transitory growth period, and they are
times you want the devices to
shares but increasing its float i.e. number of share
therefore
available for the general public to trade.
regarding their future value.
charge.
subject
to
additional
uncertainty
Let us understand dilutive and non-dilutive clearly through examples. A company which has issued
But for FPO public already aware of the current
1,00,000 shares through IPO. Now it wants to raise
and future performance of the company and can
capital again through equity i.e. by issuing shares.
exactly estimate the cost by looking at the price of
If it goes with dilutive FPO, it issues new shares in
the previously issues share price. If a company is
addition to existing shares.
coming out with an FPO, it also means that the company is short of funds. An FPO is raised for
Assuming it has issued 50,000 new shares now the
more funds or money or for establishing new
total number of shares are 1,50,000. Now all net
projects.
Page 6 of 12
Market this Week
INDIAN MARKETS Shares of power companies such as Tata Power and Reliance Power will continue to remain in focus next week due to Delhi polls. Analysts feel an Aam Aadmi Party victory may hit power company stocks as the party’s policies, such as more subsidy for power, and its opposition to reforms, such as FDI in retail, have struck a sour note with investors. Already power companies have started weakening after opinion polls have suggested the party is ahead in Delhi. Saturday and The stock of Tata Motors
Sunday will see about 80 companies declaring their October-December quarter financial perform-
plunged 5 per cent to close at
ance.
â‚š559.60 on Friday after the
Open
High
Low
Close
SENSEX
28892.21
28922.85
28647.14
28717.91
NIFTY
8696.85
8,726.20
8,645.55
8661.05
company posted the steepest decline in profit in seven quarters.
Among
the
gainers
HDFC
holds firm, up 2.6%, Infosys
BSE SENSEX
Ltd added 1.63%, while Sesa Sterlite Ltd advanced 1.35% on BSE.
CNX NIFTY
Page 7 of 12
Market this Week
COMMODITIES Commodity
Unit
Rs / Unit
% Change
Gold
10 grams
26802.00
-1.83
Silver
1 kg
37024.00
-2.21
Crude Oil
1 bbl
3260.00
2.29
EXCHANGE RATES INR/ 1 USD
61.6950
INR /1 EURO
69.8698
INR/ 100 JAPAN YEN
0.5186
INR / 1 POUND STERLING
94.0903
INTERNATIONAL MARKETS
Open
High
Low
Close
NYSE Comp
10,903.29
10,931.76
10,820.83
10,847.51
NASDAQ
4,768.85
4,787.19
4,731.22
4,744.40
S&P 500
2,062.28
2,072.40
2,049.97
2,055.47
FTSE 100
6,865.93
6,886.18
6,835.53
6,853.44
CAC
4,698.84
4,707.24
4,675.37
4,691.03
DAX
10,866.20
10,877.67
10,802.89
10,846.39
NIKKEI 225
17,696.18
17,700.67
17,603.07
17,648.50
SSE 50
2,335.36
2366.33
2303.11
2,325.24
Hang Seng
24,843.20
24,843.20
24,645.76
24,679.39
Page 8 of 12
News of the Week
Alibaba buys 25 per cent stake in Paytm's parent unit, One97 Communications Jack Ma-owned Alibaba-the largest e-tailer in the world- will acquire 25-per cent stake in One97 Communications, the parent of mobile commerce firm Paytm, as the Chinese e-commerce giant makes its debut in the rapidly expanding m-commerce space in India. Ant Financial Services, part of Government
may
scrap
dividend distribution tax
the Alibaba Group, said on Thursday that it has entered in a strategic agreement to acquire 25-per cent stake in One97 to support the growth of mobile payment and commerce platform in India. Paytm will use the funds to grow its mobile payment ecosystem and further boost its commerce user base.
The government is considering scrapping DDT in its annual
The deal represents Ant Financial's first-ever investment in an Indian company, the statement added.Ant Financial will also provide Paytm with strategic and technical support for its business.
Budget this month, as part of efforts
to
boost
sentim ent,
a
investor
Huawei opens R&D centre in Bangalore, invests USD 170 mln
Television
Channel reported.
Chinese telecom equipment producer Huawei has inaugurated its research and development (R&D)
Unlike many other countries,
campus in Bangalore. The centre can accommodate 5,000 engineers. However, the facility currently
India taxes companies on their
employs 2,700 people. "The India R&D centre will continue to focus on development and delivery of
payment
to
high quality software platforms, components and applications for the various product lines of the parent
shareholders at a rate of 15 per
company", said Huawei India R&D Center COO Wilson Wang. The Bangalore centre is Huawei's
cent. Scrapping the levy could
largest R&D facility outside China. Huawei has invested around USD 300 million in R&D in India over
increase
the past 15 years.
boost
of
net
the
dividends
pay-outs
attractiveness
Indian stocks.
and of
FY16 disinvestment target to be around Rs 43,000 cr Finance Minister Arun Jaitley in the Budget for 2015-16, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this financial year. "The disinvestment target to be outlined in Budget should be in line with this financial year's target. There are only a handful of big companies which have to comply with the minimum public holding norm," a source said. Jaitley would present the Budget for 2015-16 on February 28. The government looks at disinvestment proceeds as a major source of revenue, after tax collection, to finance the fiscal deficit. The government last week sold 10 per cent stake in CIL for Rs 22,558 crore. It has to sell another 5 per cent in the company to achieve the minimum 25 per cent public shareholding norm as prescribed by market regulator Securities and Exchange Board of India (SEBI).
Page 9 of 12
News of the Week
NSE asks investors to keep funds ready for upcoming OFS issues Buoyed by retail participation in recent Coal India divestment programme through OFS, India’s leading bourse NSE on Wednesday said brokerages and investors need to keep adequate funds ready to buy shares in such issues as they are announced in a short notice. The offer for sale (OFS) mechanism facilitates the promoters of listed companies to sell their existing shareholding through an exchangebased bidding platform. According to norms, a seller has to announce intention of sale of shares at least two days ahead of the trading day of the issue (T-2). Noting that the government is likely to take the OFS route to divest its stake in various companies in the coming months, NSE Chief Business Development Ravi Varansai expressed concerns that timelines provided for retail investors under the mode were “extremely tight” and as such they should be prepared for such issues in advance. Meru to spend Rs 600 cr to buy regional taxi brands Meru Cabs, a pioneer in the radio taxi segment, is set to spend about $100 million (a little over Rs 600 crore) for acquiring service providers in the next couple of months. Dismissing speculation over Uber being in talks with Meru for a buyout, Chief Executive Officer Siddhartha Pahwa said they were in an advanced stage of raising about $150 mn. A large part of it would be used to acquire small to mediumsize taxi service provider brands across India. Twitter tops Wall Street revenue target, user growth slows Twitter Inc said on Thursday the social media company is signing up users as quickly as most of last year after a fourth-quarter slowdown, boosting its shares 11%. Twitter beat Wall Street's profit and revenue targets in the fourth quarter. User growth weakened in the quarter, but picked up in the new year, Chief Executive Dick Costolo said in a statement. Twitter added 13 million to 16 million users in each of the first three quarters of 2014 and was on track to hit a similar number in the current quarter, it said. That compares with a rise of about 4 million in the fourth quarter to 288 million monthly users as of Dec 31. Costolo said on a conference call that quarterly specific factors, including seasonality and the launch of Apple Inc's new mobile operating system, slowed additions in the fourth quarter. Shares of Twitter, which initially slipped after the results were released on Thursday, rose in after hours trade to $45.91 from their closing price of $41.26.
Page 10 of 12
Personality of the Week
Vinod Dham - Inventor, Entrepreneur and Venture Capitalist offer from the Intel to work with them. In January 1990, Vinod was in-charge of developing the 586 Born
or Pentium processor. He worked relentlessly on
1950
the project and the Pentium processor was a big hit in the market. Vinod Dham rose up the
Alma Mater
corporate ladder and reached the position of the
University of Cincinnati
Vice President of the Intel's Microprocessor
Delhi College of Engineering
Products Group. He quit Intel in 1995.
Citizenship
Thereafter, Vinod joined NexGen, a start-up firm
United States of America
as Chief Operating Officer and Executive Vice President.. When Advanced Micro Devices Inc. (AMD) acquired NexGen in 1996, Vinod Dham
Celebrated With 1993: Top 25 executives in the US computer industry.
Vinod Dham is popularly known as the father of the
looked after the development of AMD's famous K6
Pentium processor. Born in 1950 in Pune, he had
Processor, world's fastest personal computer
his initial schooling in Pune. He did his Bachelors
microprocessor.
Later
on
he
quit
AMD.
in Electrical Engineering from Delhi College of 1999: Top 100 most influential Asian
Americans
of
the
Engineering in 1971. Thereafter he had a brief stint
In News
with
Vinod Dham was recently in news regarding his
Continental
Devices,
a
Delhi
based
decade.
semiconductor company.
2000: Appointed to serve on
In 1975, Vinod Dham went to the US and did his
executive of online technology education startup
the
Masters
Acadgild, which he has co-founded along with
comeback as an entrepreneur after 15 years. The inventor and venture capitalist will be the chief
President’s
Commission A m e ri c a n s
advisory
Awarded
Engineering
from
the
University of Cincinnati. After completing his
India's
Pacific
Masters in 1977, Vinod Dham joined the National
Ganesh and Meena Ganesh.
Islanders by President Clinton.
2009:
Electrical
Asian
on and
in
the
NRI
Achievement Award at the NRI
storied
entrepreneur
duo
-
Krishnan
Cash Register (NCR) at Dayton, Ohio. Vinod was a team member of the NCR's memory design
Acadgild's internet-based platform aims to teach
group. He received many patents for his work at
just about anybody , including a class 10 student,
NCR.
software programming that is relevant to today's rapidly evolving digital world. Globally about 50
Global Summit.
Career While
billion devices - from cars to consumer electronics making
a
presentation
at
conference in Monterrey, California on
the
IEEE re-
- will be connected by the end of the current decade.
programmable memory, Vinod Dham received an
Page 11 of 12
Tech World -by Shikha Sharma
Stream Mini and Pavilion Mini Affordable Compact PCs
Cost Near about Rs. 12,000
HP launched low cost Windows alternative to
The Intel Pentium-controlled details of the HP
Chromebox - the HP Stream Mini PC - at $180
Pavilion Mini PC incorporate a 1.7GHz Pentium
(more or less Rs. 11,500), complete with a
3558U CPU, 4GB of RAM, and a 500GB 7200RPM
packaged keyboard and mouse.
hard commute. The other Pavilion Mini packs a
The organization has likewise presented the
1.9GHz Core i3-4025U CPU, 8GB of RAM and a
Pavilion Mini PCs beginning at $319.99 (roughly
1TB 5400RPM hard commute.
Rs. 20,000) with the Intel Pentium CPU, and
Moreover, HP is putting forth free 200GB of
$449.99 (more or less Rs. 28,000) for the Intel
Microsoft OneDrive stockpiling for a long time, and
Core i3 model. Both - HP Stream Mini and HP
a value $25 (give or take Rs.1,800) blessing card
Pavilion Mini - accompany Windows 8.
that can be utilized at the Windows Store to
On the lines of Mac Mini and Chromebox, the HP
purchase applications, music, and even Xbox One
Stream Mini is conservative machine with a stature
amusements, says organization. Network choices
of about 52.3mm and a weight of give or take
on the HP Stream Mini and HP Pavilion Mini
0.72kgs.
incorporate Ethernet port, four USB 3.0 ports,
The HP Stream Mini packs an Intel Celeron 2957U
incorporated Wi-Fi 802.11n, Bluetooth 4.0, SD card
(1.4GHz, 2 centers, 2 strings) processor, 2GB of
peruser, sound jack, DisplayPort 1.2 and a HDMI
DDR3L
1.4 port.
(1600MHz)
RAM
and
32GB
SSD
stockpiling.
Page 12 of 12