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Aussie Broadband kicks off network upgrade

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Aussie Broadband has announced an upgrade of its nationwide core network, as well as purchasing international capacity across subsea cables, with both projects to be complete by late April.

The National Broadband Network (NBN) retail service provider said it would be using Cisco’s ASR9K and NCS5500 platforms for the core network upgrade, allowing the network to support up to half a million customers after it connected the 100,000th customer in January.

Upon the project’s completion, Aussie Broadband will have a 400Gbps backbone between points of presence (POPs) that are in the same state; 200Gbps between Sydney and Melbourne; 100Gbps between Sydney and Perth; 100Gbps between Melbourne and Perth; 40Gbps between Sydney and Brisbane; 20Gbps between Sydney and Adelaide; and 10Gbps between Adelaide and Perth.

“We’re also delighted to say that we will shortly complete protected 10Gbps links to all NBN POIs other than Tasmania, with the final four links due in the next 30 days,” Aussie Broadband Managing Director Phillip Britt said.

Aussie Broadband also worked with Telstra Wholesale on the network upgrade and expansion, with Britt saying his company has already seen a reduction in outages and in areas affected by its stop-sell policy.

The RSP has also been purchasing international capacity, including on the Hawaiki, Southern Cross, and Vocus subsea cable systems, with plans to purchase capacity on Indigo West in the future.

“We have purchased capacity on both legs of Southern Cross and the new Hawaiki Cable system to San Jose and Los Angeles. To match this, we will establish points of presence at Coresite SV1 in San Jose and Coresite One Wilshire in Los Angeles,” Britt said.

“We have also purchased capacity on the Vocus Australia Singapore Cable and will acquire capacity on Indigo West once available, again to be matched by a point of presence at Equinix SG1 in Singapore.”

Speaking with ZDNet in November, Britt had flagged a AU$4 million investment to upgrade its network and capacity as it adds between 5,000 and 7,000 new customers per month.

Its initial network was built for around 130,000 subscribers, but Aussie Broadband predicts that it will reach around 180,000 customers by June this year.

Britt also sees Aussie Broadband growing to more than 200 employees by mid-2019, as it has a policy of one support staff member per 5,000 customers.

Speaking on Aussie Broadband’s NBN outage in October, Britt revealed to ZDNet that it was the result of a betting agency customer being targeted during the AFL grand final weekend.

“We have a customer that’s a betting agency, and we believe that we were targeted to target them,” the MD explained.

“What happened was there was a lot of voice requests hitting our firewall, and we probably didn’t have enough capacity in that firewall infrastructure, and we were fairly open about that. Basically, that triggered this cascading failure from there, we lost authentication out to our equipment, so about half the customers couldn’t authenticate anymore.

“Part of what we’ve done to fix that is all the authentication mechanisms now have a separate direct pathway to each of the POIs and the aggregation points that we use, so that if that firewall infrastructure gets hit again … we might lose access to some of our internal services. We’re still working that through, getting those changes made.”

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How To Back Up Your Mac To iCloud

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iCloud can come in clutch in a variety of situations. For example, you may not need to wrestle with Migration Assistant when setting up a new Mac if you’ve backed up all your important data to iCloud. However, there’s a reason Apple still puts Time Machine on every Mac the company sells: Time Machine backs up your Mac’s entire system, including all your apps and files. Not only that, but Time Machine also keeps a version history of every change you make to your Mac on an hourly and daily basis.

Depending on the sizes of both your Time Machine drive and your Mac’s internal storage drive, your Time Machine history could stretch back days, months, or even years. Time Machine can be a real lifesaver, too, if the developer of an app you use stops publishing it since you can always just reinstall it from your Time Machine backup. You almost can’t have too many backups of your important data, so there’s not much reason not to take advantage of both Time Machine and iCloud when protecting the files on your Mac. And since both options handle backups differently than the other, you’re not getting duplicate backups but rather a more expansive backup overall.

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Honda Prologue EV SUV Gets First Design Preview Ahead Of US Launch

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Honda has big ambitions for the Prologue, though we’ve expressed skepticism about the automaker’s projected sales targets in the past. Since then, of course, the world has changed considerable. The global fuel crisis — led in no small part by Russia’s invasion of Ukraine — has seen prices spike worldwide, and the car market could have taken on a much different shape by the time Honda’s EV finally hits the ground in 2024. As reported by The Washington Post on May 18, 2022, United States Treasury Secretary Janet Yellen stated that the cost of gasoline has increased by $4 across the country, and there’s no expectation for that to change any time soon.

That requires actually building EVs to meet demand, however, something every automaker has experienced issues with in the past few years. The impact of the ongoing COVID-19 pandemic on global supply chains has been considerable, and shows no signs of alleviating any time soon. Honda may have plenty of demand for the 2024 Prologue, then, but whether it can actually meet that remains uncertain. 

At least the dealerships themselves should be ready for the EV future, even if production lines aren’t necessarily at capacity. The early designs for the modular, charging station-equipped locations show a layout that Honda claims will scale according to the total number of EVs it actually sells. The automaker plans to roll out 30 different EV models by 2030, using not only Ultium but its own Honda e:Architecture, at which point it also expects to have sold a whopping 500,000 EVs overall.

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The Real Reason Michael Burry Bet Millions Against Apple

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Wright explains that Buffett is a long-term investor while Burry shorts stock on short-term plays. Buffett is not in the business of predicting company stock prices but invests in companies that he believes have business value down the road. Burry, on the other hand, is looking at what Apple stocks will do in the near future. Inflation, supply chain issues complicating the technology sector, China’s COVID-19 lockdowns, and the performance of NASDAQ are bound to affect Apple stock in the short term.

Burry has been open about his vision of the market, assuring that “the greatest speculative bubble of all time in all things” is inevitably leading to the “mother of all crashes” with investors piling up on cryptocurrencies (via Business Insider). Burry’s put options on Apple stocks give him the right (but not the obligation) to sell shares at a certain price, at a certain time. “If Apple doesn’t fall beneath a certain price by that time, the put options would expire worthless,” Billy Duberstein explains in a separate post for Fool.

Benzinga adds that Burry’s bearish position is valued at around $36 million if he exercises it. It is the largest position in his portfolio. Apple stock had a big run, quadrupling its stock price since early 2019. However, by May 2022, Apple stocks are down 20% year-to-date. The company from Cupertino saw a 16% drop in the stock price in this past quarter alone. Burry’s portfolio reveals his confidence in the U.S. market. He slashed it from 20 holdings to just six in the third quarter of 2021, with a value that dropped from $140 million to $42 million. In the fourth quarter, he swapped three of his remaining six holdings, lifting his portfolio to $74 million. “Short sellers on a stock have nothing, zero, zilch, nada, to do with the success or failure of the underlying business,” Burry tweeted on April 27.

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