Archive for July, 2021

Does This Top Simulation Stock Belong in Your Portfolio? – The Motley Fool

Investors in high-tech industries often seek out stocks that will expose their portfolios to fast-growing markets like robotics, semiconductors, 5G, and space exploration. One company helping power all of these industries is Ansys (NASDAQ:ANSS), a maker of simulation software. Ansys is the largest engineering simulation company in the world, and it has delivered returns of almost 12,000% for shareholders since its IPO back in 1996.

Let's investigate why this company is so special, and consider whether you should add it to your portfolio today.

Founded more than 50 years ago, Ansys provides software simulation tools for engineering departments, both academic and commercial. Its offerings include tools for simulating designs in an array of engineering niches, from mechanical to fluid and electrical. Its clientele comes from the automotive, semiconductor, space, and robotics sectors, among many others. Its software is even used by top Formula One team Red Bull to simulate and improve the performance of its racing cars.

Image source: Getty Images.

Research and development departments around the globe license Ansys software to test their designs before building products in the real world, which saves them time and money. And Ansys reinvests almost 20% of its revenue each year back into its own R&D projects, further increasing the value of its software to its customers.

After decades of improvements, Ansys's tools are light years ahead of the competition. That's one reason it's able to charge a pretty penny to access its products -- customer sources say the price of a single license can cost anywhere from a few thousand dollars to $50,000 (depending on the product). The combination of its pricing power and its expanding end markets has allowed Ansys to steadily grow its financials over the years.

Ansys has steadily compounded its revenue over the last few decades. In the first quarter, its top line hit $362.2 million, up 19% year over year. Revenue has grown consistently since its IPO, from less than $50 million in 1996 to the $1.74 billion it logged over the past 12 months. Ansys is also highly profitable and has been for a long time with $538 million in trailing-12-month free cash flow.

Data by YCharts.

This steady growth is due in part to the company's reliable customer base. R&D departments put in thousands -- sometimes tens of thousands -- of hours working on complex engineering problems using its software, and it would be costly and time-consuming to switch to a competing tool. Given the high switching costs, many of its customers sign long-term contracts, giving Ansys a large backlog of deferred revenue. At the end of the first quarter, this number sat at $936.5 million.

Given Ansys is a leader within its niche and has been for some time, it's no surprise its shares are trading at a pricey valuation. With a market cap of about $30 billion, its price-to-sales ratio (P/S) is 17.3, and its price-to-free-cash-flow (P/FCF) ratio is 55.8. Both of those figures are well above average, even among its software and technology peers.

Ansys boasts a high free-cash- flow margin of 31%, which it will likely have trouble expanding, especially if management remains committed to spending approximately 20% of revenue on R&D each year. This isn't necessarily bad for the company (it's actually quite impressive Ansys can have such strong free-cash-flow margin while simultaneously spending so much on R&D), but it shows the limits to growing free cash flow through increasing profit margins alone.

Its technological advantages and high switching costs give Ansys a wide moat. This combination has helped it consistently produce market-beating returns over the years, and it should keep profit margins durable. But because the stock is trading at such a premium valuation, it is staying on my watch list for now. There's no reason to sell shares you already own, but for the time being, there are better opportunities out there for investors.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Does This Top Simulation Stock Belong in Your Portfolio? - The Motley Fool

The CDC Should Be More Like Wikipedia – The Atlantic

Much as his predecessors warned Americans against tobacco and opioid abuse, Surgeon General Vivek Murthy issued a formal advisory last Thursday that misinformationsuch as the widespread propaganda now sowing doubts about coronavirus vaccines on social mediais an urgent threat to public health. It is, but the discussion soured quickly. After President Joe Biden said social-media platforms that turn users against vaccines are killing people, an anonymous Facebook official told CNN that the White House is looking for scapegoats for missing their vaccine goals. When Press Secretary Jen Psaki said the White House is flagging problematic posts for Facebook, conservatives and Twitter contrarians inferred that the government was telling the company to censor people. The journalist Glenn Greenwald described the effort as fascism.

Greenwald and Facebook are minimizing a genuine problem: An infodemic involving the viral spread of misinformation, as well as the mingling of facts with half-truths and falsehoods in a fractured media environmenthas compounded the COVID-19 pandemic. But critics of Murthys initiative and Bidens comments are right about one thing: The official health establishment has made the infodemic worse through its own inability to cope with conflicting scientific views. In the early days of the pandemic, experts at the World Health Organization, CDC Director Robert Redfield, National Institute of Allergy and Infectious Diseases Director Anthony Fauci, and thenSurgeon General Jerome Adams discouraged mask wearing and only belatedly reversed course; some of the same voices later pooh-poohed the notion that the coronavirus first began spreading after escaping from a Chinese research laba possibility now being taken far more seriously.

Daniel Engber: Dont fall for these lab-leak traps

Anti-vaccination propagandists and social-media provocateurs alike have exploited these missteps to great effect; even those inclined to trust the government have lost some confidence in official pronouncements. If the Biden administration hopes to reverse that, it should ask itself: What could the CDC do differently if the lab-leak hypothesis first surfaced today?

What the United States needs if it hopes to combat misinformation is a better system for communicating with the publica system that keeps up with continuous changes in scientific knowledge; that incorporates expertise from people in a variety of fields, not just those anointed with official titles at well-known institutions; and that weaves dissenting perspectives into a larger narrative without overemphasizing them.

Fortunately, the internet has produced a model for this approach: Wikipedia. The crowdsourced reference site is the simplest, most succinct summary of the current state of knowledge on almost any subject you can imagine. If an agency such as the CDC launched a health-information site, and gave a community of hundreds or thousands of knowledgeable people the ability to edit it, the outcome would be far more complete and up-to-date than individual press releases. The same modeltapping distributed expertise rather than relying on institutional authoritycould be useful for other government agencies that find themselves confronting rumors.

Rene DiResta: Virus experts arent getting the message out

The idea of making government websites more like Wikipedia may sound far-fetched, even comical. People of a certain agepeople such as meremember our teachers telling us, Wikipedia is not a source! And yet, over two decades, Wikipedia has flourished. Though perhaps still not citable for academic work, the site provides reliable, up-to-date information about millions of topics, backed by robust sourcing. And it meets the needs of the moment: the incorporation of a wide swath of voices; transparency about who is saying what; and a clear accounting, via the Talk page accompanying each entry, of every change to the consensus narrative.

An officially sanctioned but broadly sourced version of Wikipedia for health matters could also serve as a robust resource for Facebook, Twitter, YouTube, and other social-media companies to point their users to. Tech platforms are currently expected to counter misinformation by amplifying authoritative sources, but they are also aware that simply linking to the CDCs and WHOs official sites is not resonating with many audiences. When internet users show that they trust crowdsourced information more than any one agencys pronouncements, figuring out how to generate the best crowdsourced information possible is a matter of urgency.

As a researcher, I study misinformation, but Im also concerned about threats to freedom of expression. Although health misinformation can cause significant harm to communities, heavy-handed content moderationeven when intended to limit that harmexacerbates deep distrust and fears of censorship. Knowledge evolves. New facts should change peoples minds. Sometimesas with masksthe loudest calls to reconsider the prevailing consensus come from those outside of government.

Murthys advisory recognizes this: It is important to be careful and avoid conflating controversial or unorthodox claims with misinformation, he writes. Transparency, humility, and a commitment to open scientific inquiry are critical. Forthrightly acknowledging that consensus does change and that, at key moments, the government does not yet know all the facts might help rebuild the publics trust; at a minimum, it might minimize the impact of the tedious Gotcha! tweets that present two seemingly conflicting headlines as evidence of wholesale expert, media, and government incompetence.

Rene DiResta: The anti-vaccine influencers who are merely asking questions

Wikipedia, with its army of 97,000 volunteers contributing to COVID-related pages, has already been forced to confront the challenges of the lab-leak hypothesisan emblematic example of the challenge of trying to fact-check online information when scientific consensus is in flux or has not yet formed. The Talk page linked to the Wikipedia entry on the origin of the coronavirus provides visibility into the roiling editing wars. Sock-puppet accounts descended, trying to nudge the coverage of the topic to reflect particular points of view. A separate page was created, dedicated specifically to the COVID-19 lab leak hypothesis, but site administrators later deleted ita decision that remains in dispute within the Wikipedia community. The Talk pages for some pandemic-related entries have been labeled with one of the sites standard warnings: There have been attempts to recruit editors of specific viewpoints to this article. If youve come here in response to such recruitment, please review the relevant Wikipedia policy on recruitment of editors, as well as the neutral point of view policy. Disputes on Wikipedia are resolved by consensus, not by majority vote.

On June 17, the sites supreme court, the Arbitration Committee, made the decision to place COVID-19 pages under discretionary sanctions, a rubric that involves a higher standard of administrator oversight and greater friction in the editing process, and is in place for other topics such as abortion, the Arab-Israeli conflict, and Falun Gong. But the point is that Wikipedia has developed a consistent framework to handle these turbulent topics. The site has clearly articulated guidelines to foster the incorporation of the most accurate information and provide visibility into exactly how the current version of any entry came about. These are significant achievements.

Maintaining and expanding the site requires countless hours of volunteer labor. Because laypeople may not be able evaluate the significance of highly technical scientific findings, a Wikipedia-style communications model for government would require tapping a variety of reputable contributors, including people outside of government, as initial authors or editors, who would then invite others to join the effort, perhaps for a set term. The editorial conversationsthe process of mediating consensuswould be viewable by everyone, so allegations of backroom dealing would not be credible.

Ultimately, Wikipedia remains a platform on which consensus develops in full public view. In fact, some other platformsincluding YouTubechose to point to Wikipedia quite prominently beginning in 2018, in efforts to direct people toward reliable information as they watched videos discussing various conspiracy theories, such as one about the 1969 moon landing. Wikipedia is regularly the top link in search results, suggesting that internet users rely on it even though they understand the limitations of a source writtenand constantly rewrittenby pseudonymous volunteer authors. During the pandemic, platforms have struggled to decide which posts are misinformation and how to direct users to authoritative sources. A Wikipedia-style deployment of distributed expertise and transparent history is promising regardless of whether were talking about how a novel coronavirus spreads or what happened to some ballots in a dumpster or what really transpired in the latest viral protest video.

Although Biden blamed Facebook and other social-media platforms for the spread of misinformation, Murthys advisory offers useful advice to everyone in the media ecosystem. Limiting the spread, he declares, is a moral and civic imperative that will require a whole-of-society effort. Physicians can use social media themselves, to counter bad information with good. Journalists can avoid publishing clickbait headlines and more carefully evaluate studies that have yet to be peer-reviewed. Tech platforms can redesign algorithms and product features to surface reliable information about health. And individual social-media users can think before they share things online.

The surgeon generals exhorting ordinary Americans to do their part in stopping viral misinformation is a remarkable acknowledgement that, in the modern information environment, the distribution of power has shifted. The unfortunate irony is that a surgeon generals advisory may not break through the noiseor may immediately become fodder in a roiling, unending online battle.

Public officials who hope to solve problems in this environment need to be willing to try new tacticsand not just on matters of health. Any message that agencies put before citizens will be richer if shaped by processes that account for the changed relationship between fact and opinion, between expertise and influence, and between the public and its leaders.

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The CDC Should Be More Like Wikipedia - The Atlantic

Apple Releases tvOS 14.7 for Apple TV HD and Apple TV 4K – MacRumors

Apple today released tvOS 14.7, the seventh update to the tvOS 14 operating system that initially debuted in September 2020. tvOS 14.7 comes two months after the launch of the tvOS 14.6 update.

tvOS 14.7, which is a free update, can be downloaded over the air through the Settings app on the Apple TV by going to System > Software Update. Apple TV owners who have automatic software updates enabled will be upgraded to tvOS 14.7 automatically.

Apple's tvOS updates are usually minor in scale, focusing on under-the-hood bug fixes, performance updates, and small tweaks rather than major outward-facing changes. No new features were discovered during the tvOS 14.7 beta testing process.

Apple does not provide detailed release notes for its tvOS updates, but it does offer some tvOS details through its tvOS support document.

tvOS 14.7 may be one of the final updates to the tvOS 14 operating system as Apple shifts its attention to tvOS 15, which is set to come out this fall.

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Apple Releases tvOS 14.7 for Apple TV HD and Apple TV 4K - MacRumors

The science – Capillary leak syndrome – Johnson and Johnson vaccination warning – Wikipedia – – The Weston Forum

Langen (dpa) People who have had the extremely rare capillary leak syndrome in the past should not receive the coronavirus vaccine from Johnson & Johnson.

This stems from the manufacturers so-called Rote-Hand-Brief Brief, distributed by the Paul Ehrlich Institute (PEI). Accordingly, in the first few days after the administration of this vaccine, very rare cases of capillary leak syndrome, in some cases fatal, have been reported.

Thus, the vaccine is contraindicated in people who have had capillary leak syndrome in the past. Capillary leak syndrome is an extremely rare but potentially life-threatening disease. According to the information, it is characterized, among other things, by severe attacks of edema (water retention) especially in the extremities and hypotension. Immediate treatment is necessary if symptoms develop after a Johnson & Johnson vaccination.

According to the vaccination information sheet, people who have experienced capillary leak syndrome should also not be vaccinated with AstraZeneca (Vaxzevria). There he says of the very rare cases that have occurred: The capillary leak syndrome appears in the first few days after vaccination and is characterized by rapid progression in swelling of the arms and legs, sudden weight gain and a feeling of weakness. Immediate medical treatment is required.

dpa-infocom, dpa: 210719-99-436866 / 4

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The science - Capillary leak syndrome - Johnson and Johnson vaccination warning - Wikipedia - - The Weston Forum

Best Antivirus Software Of 2021 Forbes Advisor – Forbes

Forbes Advisor closely analyzed the top antivirus services to bring you this ranking. First, we gathered hundreds of data points on the top products from the top antivirus companies. The dataset was divided into the key features for an antivirus service: price, customer support, user experience, app ratings, and core features.

With the key features set apart, we weighted the results and assigned each of the features a score. The combination of these scores is what you see in the five-star rating above.

Although we looked at everything from support to ransomware protection, there were a few key areas that took precedence in our ranking. The first was the price. Theres some leeway when it comes to how expensive a service is versus how many features it offers, but lower is usually better.

Outside of that, we paid attention to features and extra protection measures. That included things such as a password manager and email security scanner, which arent available with every antivirus service.

Finally, we factored in qualitative elements that arent easily accounted for in data such as ease of use, value for money and stand-out features.

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Best Antivirus Software Of 2021 Forbes Advisor - Forbes