The company is also designing its own chips to keep power usage down. Other smartwatches, including the Apple Watch and most running Google’s Android Wear software, use LCD or OLED screens. They can display color, but use a lot more power than E-Ink. The big push now is low-power,” Otis told the Technology Review. The device is packed with medical sensors for collecting data on what’s going on in the body. One sensor measures an ECG, which is the electrical rhythm of the heart. Other smartwatches, like Apple’s, can’t do that yet. But don’t expect to walk into a Best Buy and purchase one of these smartwatches anytime soon. It sounds like they’re geared towards medical researchers, for use in studies like Verily’s Baseline study. Verily is pitching medical researchers on services that combine hardware and big data analysis to supercharge clinical studies. Lots of competition Alphabet, Verily’s parent company, is not the only tech company looking to gain a foothold in the competitive healthcare business. Startup AliveCor currently sells a portable ECG sensor that pairs with an iPhone app and has developed an Apple Watch ECG band that’s currently awaiting regulatory approval. It’s being led by Vic Gundotra, a former Google executive. And Apple is eyeing the space too, with several software frameworks, such as ResearchKit, targeted directly at clinical researchers. The company is reportedly working on an expansion to its heath software and its own smartwatch that would allow data gleaned from Apple products to help doctors make diagnoses, a recent report in Bloomberg revealed. It, however, may be backing away from adding medical sensors to its consumer smartwatch.
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EDT, the stock was down 23%. So what Tempur Sealy management said that third-quarter net sales were below expectations and that it was lowering its full-year sales outlook to a decrease of 1% to 3%, below a previous range of a low-single-digit increase. It also lowered its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) range by $25 million, to between $500 million and $525 million. CEO Scott Thompson said, “While our net sales are below expectations, our operational initiatives are going well and are continuing to drive considerable margin expansion,” adding that adjusted earnings per share were still expected to increase 20% for the year. Now what The mattress industry has been especially volatile in recent years as Tempur Sealy is up againstSelect Comfort,Mattress Firm,and privately held companies such as Casper. The industry has seen some consolidation as Mattress Firm bought Sleepy’s for $780 million, and Tempur Sealy itself resulted from the merger of Tempur Pedic and Sealy. Since the 2013 merger, Tempur Sealy’s stock has outperformed, but revenue growth has gradually slowed, now dipping into negative territory. Operating in a highly competitive industry with little secular growth and no discernible competitive advantage, Tempur Sealy looks too risky, especially after today’s guidance cut. Jeremy Bowman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.
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