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iPhone 4 Launch “Madness”


iPhone 4 is finally launched in the US, UK, Germany, France and Japan. The pre-orders for iPhone 4 has exceeded 600,000 and is giving AT&T servers some problems last week. The iPhone 4 launch is probably going to be another big hit and may yet set another record for the Apple launches.

In June 2010, apart from the “Waka Waka” style World Cup Kickoff in South Africa which is gaining a huge following, i suppose the iPhone 4 launch is also not to be left out.

Below are some of the pictures captured before the launches at various places above. The below pictures are courtesy of Engadget.com and Wired.com.

Read the rest of this entry


With many people still wondering what is really new with the new iPhone 4. Let’s listen to what was presented by Steve Jobs himself at the WWDC conference in San Francisco recently. Enjoy the video. i particularly like the way he was joking about some of you might have already seen this……but believe me. You ain’t seen it.  :-)   This is how a genius turns something that is negative into positive. Instead of reacting negatively to the iPhone leak incident, he has responded positively and make a joke out of it. Steve, you really deserve to be the man of the decade! Enjoy the video.


One of the most anticipated news at the WWDC today has to be the announcement about the 4th generation iPhone. Without much surprise, Steve Jobs has finally officially announced the new 4th Generation iPhone which is called the iPhone 4. Thanks to Gizmodo for unveiling lost iPhone prototype which has now turned into somewhat of a legal battle(between Apple and them), we have more or less anticipated how the new iPhone looks like a few months ago. Anyway, we now have confirmation on what the “real” thing looks like and what specifications and features it comes with.

The new iPhone 4

So what is new with the iPhone 4:-

  • Retina Display: 960 by 640 backlit LCD with a pixel density of 326 pixels per inch. This is 4 times the previous iPhone’s pixel density giving much better resolution
  • Engineered glass, chemically strengthened to be 20 times stiffer and 30 times harder than plastic. More scratch resistent than the previous models
  • Stainless steel band – 5 times stronger than standard steel provides rigidity to the phone and acts as an antenna
  • Powered by the A4 chip (same chip used in iPads)
  • Gyro plus Accelerometer – built in 3 axis gyroscope paired with accelerometer producing great motion sensing which translate to greater gaming experience on the iPhone 4
  • Larger battery means 7 hours of talk time, 6 hours of 3G browsing, 10 hours of WiFi browsing, 10 hours of video, 40 hours of music and 300 hours of standby
  • Video calling via Facetime app – currently only works with other iPhone 4 and within Wifi networks only.
  • 5Megapixels Primary (back) camera giving better resolution photo shoots
  • Dual microphone system – one for voice and video calls located at the bottom of the iPhone 4 and the other at the top for noise cancellation giving better voice call quality

Below is a comparison table of the specification/features in the iPhone 4 vs the iPhone 3GS:-

Below are some pictures from the WWDC:-

Hardware featuresAdded featuresVideocall via Facetime AppThe iPhone 4 will be on sale in 5 countries(US, UK, Germany, France and Japan) on the 24th June. 24 more countries will get it in July and 88 more countries in September. Not too sure when this will be launched in Malaysia…..

Below is the Youtube video on iPhone 4 posted by Geekwood…..


Apple has finally launched its wildly successful iPads internationally on the 28th May 2010. And guess what, the crowd responded by going wild! The first wave of International launch will hit nine countries: Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the United Kingdom. The second phase of launch(expected to be in July) will include countries like Austria, Belgium, Hong Kong, Ireland, Luxembourg, Mexico, the Netherlands, New Zealand and Singapore.

Apple is currently selling about 200,000  iPads every week. It achieved its first million iPad sales after only 28 days. This is even better than the successful launch of its big brother iPhone which managed to achieve the 1,000,000 unit sales in 74 days. Below is an image of the people waiting outside the retail store to get in to purchase the iPad when it was launched internationally.

Long Queue to buy iPhone

With this feat, it comes as no surprise that Apple has now officially become the largest market capitalized technology stock in the US. As of today, the market capitalization of Apple share is about USD232Billion. The next largest capitalized technology stock is Microsoft with a market capitalization of USD225.5Billion. Below is the comparison chart of how the Apple stock fared compared to Microsoft and Google.

Comparison table of Apple stock

No wonder Steve Jobs has been named as CEO of the decade by Fortune sometime end of last year. To achieve such a feat is indeed no simple task.  :-)

News: The next generation iPhone – iPhone 4G


This is certainly the first time in the history of Apple that a new product “preview” was released before it was actually launched. Apple has not done this before and i think they will hope that it will not happen again. They have always been very secretive in their launches until the very last minute when the Man of the Day, aka Steve Jobs will reveal what the new toy of the town is going to be. Not too sure if anyone would be fired for this, though. It has certainly created a lot of buzz in the market place on what this next generation of iPhone is gonna be.

So. how did it all started?

Well, it all started when a software engineer was celebrating his 27th birthday in a German pub in Redwood City, California. It was just simple, honest mistake that anyone could have done in the midst of a celebration. The iPhone 4G prototype was left in the pub and was later picked up by someone who sold it to Gizmodo for US$5,000. Not bad for a prototype phone who is not even working well. Since then, Gizmodo has dissected the lost iPhone and published an article with some photos of it on its website. Gizmodo has got many hits on its website when this leaked iPhone story was published. So, i guess spending US$5,000 to pull this publicity stunt is still very worth it after all.

So. how does the next generation iPhone looked like?

Below are some of the photos courtesy of Gizmodo:-


Above is the youtube video on what potentially happen(of course with lots of humour and exaggerations!). Please watch it before it is taken down.  :-)

So. what’s new in this iPhone 4G?

Since it is still in the prototype and this new iPhone will probably not going to be released sometime in June or July timeframe, Apple may still have time to do a lot of changes to the phone. So, the information below are not verified and may not be correct. It is based on the what we have got from Gizmodo after they have dissected the iPhone… :-)

Here are the list of new things in the next generation iPhone:-

• Front-facing video chat camera

• Improved regular back-camera (the lens is quite noticeably larger than the iPhone 3GS)

• Camera flash

• Micro-SIM instead of standard SIM (like the iPad)

• Improved display. It’s unclear if it’s the 960×640 display thrown around before—it certainly looks like it, with the “Connect to iTunes” screen displaying much higher resolution than on a 3GS.

• A secondary mic for noise cancellation, at the top, next to the headphone jack

• Split buttons for volume

• Power, mute, and volume buttons are all metallic

• The back is entirely flat

• An aluminum border going completely around the outside

• Slightly smaller screen than the 3GS (but seemingly higher resolution)

• Everything is more squared off

• 3 grams heavier

• 16% Larger battery

Below is another funny and hilarious version of how Steve Jobs will respond to the leaked iPhone incident from Youtube. Offensive words are used in the videos. If you are easily offended, please do not watch this video…….  :-)

Steve Jobs has done it yet again!

He has once again revolutionize the tablet PC. As you know, the tabled PC has been quite a failure for many companies. Not for Apple though. It sold more than 300,000 iPads on the first day of launch and is expected to touch half a million within the weekend.

On the 8th April 2010, Steve Jobs gave a big presentation on what’s coming in the next version of the iPhone operating system.

He said there will be 1,500 new APIs for developers. Of that, he highlighted 7 big new features that most of us iPhone users will be eagerly looking forward to in the new(yet to be released) iPhone OS 4 :-

1.  Multitasking

This is the biggest news of the day from a user’s perspective. Apple is adding multitasking to the iPhone. With Apple’s multitasking, you’ll hit your home button twice. A tray will pop up with the apps you have running in the background.

It is 100% true multitasking though, rather an advanced form of app switching. Apple wants to preserve battery life, while still allowing some background processing. So, the specific functions listed below can run in the background:

  • Background audio for an app like Pandora.
  • VoIP so you can get Skype calls at any time.
  • Push notifications
  • Local notifications
  • Task completion
  • Fast app switching

multitasking

2.  Folders to organize apps

Apple is adding a way to organize all apps into folders. With your current OS, you can probably store up to only about 9 pages of apps on your iPhone. With the new iPhone OS 4.0, you will be able to store over 2,000 apps on your iPhone. You can make a new folder, label it, then throw apps into it. Click on it, and you can see all the apps in there. So, in future, you will not need to delete apps if you wanted to add more apps.  :-)

3.  A unified inbox

With the iPhone OS4.0, you can get all the inbox in one place. In addition to that, you will also be able to have multiple exchange accounts.

4.  iBooks

Apple is confirmed bringing its iBooks application to the iPhone. Previously, it was for iPads only. Well, for a smart person like Steve, why would he want to limit his sales of the iBooks to iPad users only? If he enable it for the iPhone users as well, he will be able to multiply his earnings. i foresee this is going to be a big revenue earner for Apple in the future. With ebooks priced much cheaper than the hardcopy editions, and the ease of reading an ebook using the iPad or iPhone, this new app should do well.

5.  Enterprise enhancements

Apple’s fifth big announcement for the day was more for enterprise. Apple would like to see more Enterprise users for this neat device and give BlackBerry a run for their money. The below features will be added to enhance the Enterprise iPhone offering:-

(a) Even better data protection

(b) Mobile Device Management

(c) Wireless app distribution

(d) Multiple exchange accounts

(e) Exchange Server 2010

(f) SSL VPN support

6.  Social network for gaming

One of the key reasons why many people loves the iPhone and iPad is because of their super solid apps especially their gaming experience. To make the experience even better, Apple is adding a social network for gaming called the Game Center. In a press release, Apple says it will allow “developers to create apps with the ability to invite friends to play a game, start a multiplayer game through matchmaking and track achievements and compare high scores on a leader board.” This is gonna be a good addition for the gamers out there.

7.  iAd

Mobile ads suck says Steve Jobs, so he’s introducing the iAd. With the iAd, Apple is hoping to help developers that give away apps for free make some money. Developers get 60% of the ad sales revenue, Apple gets the rest. During his presentation Steve Jobs took a swipe at Google saying the search doesn’t work on mobile like it does on desktop. Apple wants iAds to be more interactive, and keep people in the applications. This is a genius enhancement(not so much for the users of iPhones, though) for Apple to make more money from advertisements as well as to encourage more developers to develop free Apps that could benefit the iPhone community. This is what a win-win-win is all about. Win for the developer who develops free apps. Win for iPhone users who will see more free apps offered because of the first win to the developer. And a big win for Apple who shares in the ad revenues as well as more devices sold.

Below is the video of what Steve Jobs shared with the developers recently on the new features of OS4.0 which is coming mid of 2010:-


TECHNICAL TALK AND PROFESSIONAL NETWORKING SESSION

Jointly Organised by

Apple iPhone Platform: Overview & Application Development

By  Percy Chen

25th March 2010 (Thursday)

2:00pm – 5:30pm

Dewan Persidangan University (DPU), USM Main Campus, Penang

Abstract:

In recent months, companies in the technological field has been retrenching workers and cut back on research. Apple on the other hand is succeeding in this downturn in the same way it thrived through the last. They invest and invent innovative products to path its way to a brighter future. Recently by updating the iPods and revealing the long anticipated iPhone, the portables have not only cushioned the worst of the economic downturn but also helped propel the company forward. The accompanying commercial platform, the iTunes store and App Store that Apple has built, is also a leader and serve as a role model for the industry to showcase how online- and cloud-based services should be implemented. The potent combination of the cool hardware and content-rich stores, served to further fortified and differentiate Apple’s position in the mobile universe, which is predominated by established mobile device giants like the Nokia and Motorola. Apple has through time shown to us that by keeping to a promise to deliver products that “just work” and feature deep hardware, software and cloud integration have a distinct advantage over things that are simply “cheap” in dollar terms only.Despite being one of the most exciting and sophisticated devices, developing application and content for this platform is not as hard as you think. Together with the AppStore, it has quickly become visible that this is a great avenue for independent developers to compete worldwide with big named software companies.

This technical seminar will show you how easily and quickly you could get your hands dirty and start your path towards the design for the next top selling apps. The session will be examples driven to help developers not familiar with Xcode to get started as pain-free as possible. The talk will cover some of the following topics:

  • Getting Started: Xcode tool
  • Objective-C 101: Covers the basic of Objective-C
  • Cocoa: Using existing classes in Cocoa for UI
  • Memory Management: Introduction to memory management on Iphone
  • Real life Application: Demonstrate the ease of developing software

Biography:

Percy started his immerse interest in electronics at an early age of 10. At 12, he was admitted to National university of Singapore under a special arrangement to pursue his interest in engineering. At the period of time, he was under the mentorship of Dr. Marcelo H. Ang Jr. involving in numerous AI robotics project with collaboration with the Singapore Science Center as well as Kent Ridge digital labs. In 1997, his design of a computer guided Catheter guide wire simulation device, earned him his 1st patent with the US patent office.In 2003, Percy graduated with an honors degree in Bachelor of Science (Computer Engineering) from Drexel University in the US. During his time with Drexel, he involved in the Spiral project involving design of High performance computer design using FPGAs. In 2005, he furthered his tertiary education and received his Master of Science specializing in VLSI system design from Westminster University in London.

After working as a freelance designer, focusing more on embedded systems for about 2 years, Percy was hired to join the IP design team in Altera for embedded firmware design. His main area of expertise is in Ethernet applications, drivers and stack design, as well as HAL driver designing for the peripheral for the Altera SOPC platform. In 2008, Percy was elected to lead a newly formed university program as the regional manager for South East Asia for Altera Corporation. His role and responsibility involves building strong ties with universities in this region.

FREE ADMISSION!

Agenda:
2.00-2.30pm    Registration & Networking
2.30-4.30pm    Technical Talk
4.30-5.00pm    Q & A Session
5.00-5.30pm    Refreshment & Networking
Register online now at
http://dreamcatcher.asia/TechTalk.html

For further enquiry please contact:
DreamCatcher (euniceooi@dreamcatcher.asia)
USM Admin (skfong@usm.my)
IEM Admin (eetd.iem@gmail.com)

Brochure for the talk can be downloaded below:-

http://dreamcatcher.asia/Technical_talk_02.pdf


Apple first started opening its Apps store to developers and the public in June 2007. In just a short time(not even 3 years!), it has tens of thousands of Apps available there for sale and many more being added on a daily basis. This is changing how people view mobile devices i.e. from just a conventional phone for calling purpose only to an integrated entertainment cum business tool for the busy executive.

Below are the list of the Top Selling non-gaming Apple iPhone Apps for 2009:-

10. The Moron Test

Category: Entertainment
Seller: BERKELEY MALAGON
Price: $0.99
Requirements: iPhone OS 2.2.1 or later, iPod Touch

9. Quickoffice Mobile Office Suite

Category: Business
Seller: Quickoffice
Price: $9.99
Requirements: iPhone OS 3.0 and later, iPod Touch

8. Pocket God

Category: Entertainment
Seller: Bolt Creative
Price: $0.99
Requirements: iPhone OS 3.0 or later, iPod Touch

7. ColorSplash

Category: Photography
Seller: Pocket Pixels
Price: $1.99
Requirements: iPhone OS 2.0 or later, iPod Touch

6. SlingPlayer Mobile

Category: Entertainment
Seller: Sling Media
Price: $29.99
Requirements: iPhone OS 3.0 or later, iPod Touch

5. Golfshot: Golf GPS

Category: Sports
Seller: Shotzoom Software
Price: $29.99

4. TomTom US & Canada

Category: Navigation
Seller: TomTom International
Price: $69.99
Requirements: iPhone OS 3.0 or later, iPod Touch (only the iPhone 3G and 3GS do not require TomTom car kit for turn-by-turn directions to function)

3. Textfree Unlimited

Category: Lifestyle
Seller: Pinger, Inc.
Price: $5.99
Requirements: iPhone OS 2.2 or later, iPod Touch

2. MLB.com At Bat

Category: Sports
Seller: Major League Baseball
Price: Free*
Requirements: iPhone OS 3.0 or later, iPod Touch

1. MobileNavigator North America

Category: Navigation
Seller: NAVIGON AG
Price: $59.99
Requirements: iPhone OS 3.0 or later, iPod Touch

Please do take note that some of these Apps are not suitable for the Malaysia market and is more for the US market. i am sharing the list here to show what the range of top selling Apps are and also maybe give some local iPhone developers some ideas on what apps to work on and which can be customized for local contents to suit our Malaysian market!

News: Papago GPS Iphone App


To all the GPS and iPhone 3G/3GS enthusiasts out there, there is finally a good GPS App with updated maps that are available out there. The Papago GPS App is able to use the community-maintained maps from malfreemaps.com which has the most updated maps for Malaysia. Below is a great write-up by Tan Kit Hoong.

Papago iPhone App

iPhone 3G/3GS users rejoice, for there is finally a car GPS navigation application that works reasonably well on the iPhone.

We’re talking about the Papago! M6 Pro for the iPhone which recently appeared on the Apple App Store.

Retailing for US$19.99 (about RM68) the Papago! M6 Pro’s big draw is that it features the community-maintained GPS maps from Malfreemaps.com, which is probably the most updated ones available for this country right now.

The software fulfils the need of those looking for proper GPS car navigation on the iPhone instead of the rather basic Maps application but it does have some issues.

Features

The Papago! M6 Pro has all the features of a modern car navigation unit — you get 3D buildings, junction view and turn-by-turn voice prompts.

In fact if you’ve used the the company’s purpose-built standalone car navigation units before, the Papago! M6 Pro’s interface will be quite familiar.

There are actually two versions of the software available on the App Store — the US$19.99 (RM68) one comes with 3D building and junction view support, while the US$9.99 (RM36) doesn’t.

Interface-wise, the icons are a little nicer-looking and the layout is slightly different from the car navigation units, but they’re easy enough to figure out even if you’re a newbie.

We’ve said this before when reviewing the standalone car navigation units and it applies equally here — in terms of user-friendliness, the Papago!’s interface is just a little below Garmin Nuvi units and definitely much better than the TomTom software (which you can also buy from the App Store) and even MapKing (which is popular on Windows Mobile smartphones).

We won’t go into detail on the navigation system — suffice to say that you can find points of interest like restaurants and such, as well as enter in road names and addresses to find where you want to go.

All pretty easy to use, and thanks to the maps from Malfreemaps.com, there are extensive listings of restaurants, hospitals, roads etc., covering all of Malaysia as well as Singapore.

The one big advantage of the iPhone version is that it supports both portrait and landscape orientation on the iPhone.

Just turn the iPhone either way and the maps and menus will rearrange themselves to suit the orientation.

Menu navigation is a tad slow — while not deal-breakingly slow, the interface is a little bit laggy and could do with some speed optimisations.

Once you set your navigation, though, the refresh rate is fast enough for navigation, although it sometimes loses the GPS signal due to the iPhone’s relatively poor GPS hardware.

Nevertheless, I had very few issues with it — signal rarely dropped for very long (unless you’re in a tunnel) and the software is very quick in recalculating your position if you take a wrong turn.

Issues

There are a few problems specific to the iPhone however — apart from the hardware limitations of the iPhone, using the Papago! software for car navigation heats up your iPhone really fast.

While I don’t think this will cause your iPhone to suddenly ignite into a ball of white hot flame, it does have one undesirable effect.

If you’re using a car charger, the iPhone’s built-in temperature sensors will turn off charging to keep the temperature down if the unit gets too hot.

This means that the iPhone’s battery power will slowly deplete when this happens, even if the car charger is still plugged in.

However, I found an easy workaround for this — if you bring the iPhone up to your car air-conditioning vent for a couple of minutes, the temperature will come down enough that the temperature sensors will allow charging to resume.

So, if you have a an aircond vent mount for your iPhone, we would suggest using that instead or risk having to cool down the device every 20 minutes or so by holding it up to the vent.

There also seems to be a bug where if you connect the iPhone to a 3.5mm stereo jack while the Papago! software is running, it doesn’t automatically transfer audio to your car stereo.

What you’ll get when you do so is complete silence.

Again, we found a workaround — if you had music in your iPhone playing while running the Papago! software, then the voice navigation will also come through, although, of course, with the voice prompts heard over your music.

The last issue is not really a Papago! problem and it has more to do with Apple — as you probably know, unless you have a jailbroken iPhone, the device’s file system is essentially closed from users.

This means that should you want to load in any of the often-updated map updates from Malfreemaps.com into the iPhone, you simply can’t.

Instead you’ll have to wait until the Papago! software is updated on the App Store with the latest map data.

 

Papago iPhone App – 3D View

Conclusion

After a couple of weeks using the Papago! M6 Pro I have to say that the software is pretty impressive as it works as advertised and the Malfreemaps data included is recent enough and detailed enough that it got me anywhere I wanted to go.

The Papago! definitely won’t replace a purpose-built car navigation unit — it isn’t quite responsive enough and it’s a bit disruptive when you get text messages and phone calls while you’re navigating — but it works and is probably the cheapest alternative to getting a true car navigation unit if you already own an iPhone 3G or 3GS.

For the price Maction Technologies is asking for the Papago! with Malaysian maps, it’s practically a steal, really.

Pros: Intuitive interface; 3D buildings; junction view; extensive map data.

Cons: iPhone heats up a lot during navigation.

News: Apple CEO launches the iPAD


There have been a lot of buzz around the new Apple’s launch aka the iPAD. So, i thought i should also blog about this. In my personal opinion the iPAD is essentially an “oversized” iPod Touch/iPhone. Having said that, knowing Apple’s previous launches, they can normally turn something very ordinary into an extraordinary launch.

Here is what my “predictions” for the iPAD:-

1.  Apple die-hards will still get one unit for themselves……  :-)

2.  Apple will likely launch a whole new service for ebooks similar like the iTunes Apps. Apple has just found a new way to monetize ebooks. This unit will definitely give other ebook readers like Amazon’s Kindle a run for their money. In the near future, the iTunes will be selling a lot more ebooks than they are currently offering and this can be another potential boost in revenue for Apple.

3.  Tablet PCs will give the laptops a run for their money and there will be more launches of tablet PCs by other manufacturers in the future to tap into this market(if Apple is successful in this launch). Tablet PCs are not something new but failed to kick off in the past. It is yet to be seen if Apple manage to pull this off using the iPAD. My view is that this launch will generate enough buzz and excitement and will eventually contribute to Apple’s revenues in the future.

Below is the video on the launch of the iPAD by Apple’s CEO Steve Jobs:-

Below is another article by New York Times which commented on the new Apple’s iPad.

http://www.nytimes.com/2010/01/28/technology/personaltech/28pogue-email.html

http://www.apple.com/ipad/

For now, i am happy with my iPhone and has no intention of getting the iPad.  :-)


The first iPhone virus has been created by a 21-year-old Australian student, Mr Ashley Towns from South Sydney.

The virus, which can spread from phone to phone, changes the iPhone’s wallpaper to a photograph of singer Rick Astley – best known for his hit Never Gonna Give You Up in the eighties.

The wallpaper features the words “Ikee is never gonna give you up“.

The virus can only infect phones which have been jailbroken by their owners. Jailbreaking allows the owners to run non-Apple approved applications on their phones.

“When people jailbreak their phone, it allows them to install a service on their phone called SSH,” he said.

“Generally you should always change your password after setting up on the iPhone as all iPhones use the same password. This virus pretty much exploits people’s laziness to change their password.”

With the creation of this virus, it is proven that anyone could easily hack into an iPhone.

“I think to raise awareness for one, somebody with more malicious intent could have done anything – read your SMSs, go through your emails, view your contacts, photos – anything,” he said.

Mr Towns says he is unaware if he is breaking any law by starting the virus.

“I’ve been informed that I may have broken some, but not being a lawyer I do not know,” he said.

“The virus itself is not malicious and is not out to hurt people. It’s just poking fun and hoping waking people up a little.”

He says it is the first virus of its kind.

“Yes, especially the first that spreads from phone to phone,” he said.

Mr Towns says he does not know how many people the virus could affect.

“Due to the nature of it, it’s kind of hard to tell, I know my phone hit about 100 alone but from there I have no idea,” he said.

But he says apart from changing the wallpaper on a user’s phone, the virus is not harmful and quite easy to get rid of.

The virus does nothing malicious.  All it does is to change their wallpaper to Rick Astley,” he said.

He says it takes a couple of minutes to remove by simply changing the phone’s password and deleting a few files from the phone.

With this first virus on the iPhone, it may prompt many more hackers to start developing similar threats on the iPhone in the future.

Hopefully this will not get out of hand to the point of being annoying.


The sole telco provider for iPhone in Malaysia, Maxis will be re-listed on the Bursa Malaysia on 19th November 2009. This IPO exercise is to raise an estimated amount of RM11.7billion. Today i was at the Maxis Center to collect the Blue Form. There were many people at the Maxis Center enquiring about the IPO as well as to collect the form. Attached is the picture that i managed to capture on my iPhone when i was there.

MaxisCentreIPO

Below is the local news on the thestar.com:-

KUALA LUMPUR: Maxis Bhd is offering for sale 2.25 billion shares, or 30% of its total equity, to new investors with an indicative offer price of RM5.20 per share.

This means the initial public offering (IPO) will raise at least RM11.7bil for the major shareholders of the company, that is, Malaysian tycoon T. Ananda Krishnan and Saudi Telecom.

MaxisIPO

From left: Sandip Das, Information, Communications, Culture and Arts Minister Datuk Seri Dr Rais Yatim, Raja Tan Sri Arshad Raja Tun Uda and Datuk Seri Nazir Razak at the prospectus launch yesterday.

The final price of the shares on offer, however, will only be determined on Nov 10 after the completion of its institutional book-building exercise.

The final price could be at a discount of around 5% from the indicative offer price.

“It was envisaged that the re-listing of Maxis would attract the attention of local and regional investors, enlarge Bursa Malaysia’s capitalisation and also add to the range of large, well-managed companies available on our stock market,” Maxis chairman Raja Tan Sri Arshad Raja Tun Uda said yesterday at the launch of the company’s prospectus.

With a market capitalisation of RM39bil when the shares begin to trade on the main market on Nov 19, Maxis would reclaim its position as one of the largest component stocks on the benchmark FTSE Bursa Malaysia KL Composite Index.

According to Datuk Seri Nazir Razak, group chief executive of CIMB Group, which is the adviser for the Maxis IPO, the exercise is the largest-ever IPO in South-east Asia and the largest in Asia Pacific this year.

Nazir said he expected Maxis’ listing to grab the attention of international investors to the local stock market, with the seductive factors being the company’s large capitalisation, solid fundamentals, good track record, healthy growth prospects and strong liquidity.

“Maxis generates steady cash flow from its mobile communications operations, and enjoys strong upside potential for its broadband and data services,” he said.

Maxis currently commands about 40% of the domestic mobile telecommunications market.

While the mobile penetration rate in Malaysia has already exceeded 104%, based on the Malaysian Communications and Multimedia Commission’s latest statistics, Maxis chief executive officer Sandip Das believes there is still ample room for growth.

“People say the mobile market is saturated, but I disagree. The mobile market in Malaysia is mature, but it is not saturated,” he said, adding that east Malaysia was still “under-served” as penetration rates there were less than 40%.

As for the other two pillars of growth, Maxis has allocated a capital spending of RM1.3bil to boost its broadband and data services capacity this year.

Thus far, Maxis has already secured four cornerstone investors that have committed to subscribe about 28% of the Maxis shares on offer, and to hold on to their equities respectively for up to at least six months. These include local fund managers Permodalan Nasional Bhd and Employees Provident Fund and US-based Fidelity Investments.

Of the total shares on offer, only 2.83% will be allocated for retail investors while the remainder 27.17% will be for institutional investors. In its prospectus, Maxis disclosed an aggressive dividend policy that targets a payout ratio of at least 75% of its net profit as dividends.

“The growth prospects and strong cash flows generated by Maxis will ensure that the company is an attractive investment on Bursa Malaysia for the global and domestic investor community,” Raja Tan Sri Arshad said.

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