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May 8, 2014 – EBAY: Betting Big on the Future of Retail

EBAY: Betting Big on the Future of Retail EBAY intends to be the company that leads the way to the future of retail, seeing itself as far more than an e-commerce marketplace and an e-wallet payments solution. These present day

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Quick Thoughts: TWTR’s lock-up expiration feeds the bears. Time to buy.

–          The expiration of TWTR’s post-IPO lock up triggered a significant sell-off, taking shares to an all-time trading low of just over $32, off 45% in less than 3 months. This is a serious overreaction. –          TWTR is growing revenues

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Quick Thoughts: TWTR – Not Surprised That User Growth Issues Haven’t Been Resolved … YET

Quick Thoughts: TWTR – Not Surprised That User Growth Issues Haven’t Been Resolved … YET –          TWTR’s strong ad sales and surprise pro forma profit were overshadowed by the relative lack in growth of active users, continuing a trend established

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Quick Thoughts: AMZN – Are Investors Breaking their Covenant with Jeff Bezos, and Does He Care?

–          For years, investors have allowed AMZN to invest potential profits into new product development, new geographies, infrastructure deployment, and now content acquisition. –          This freedom has been an enormous competitive advantage, enabling AMZN’s relentless innovation and expansion in areas

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Quick Thoughts: AMZN and MSFT – Seattle Takes its Turn Beating Consensus

–          AMZN beat on the top line with 23%+ sales growth, with in line EPS muted by increased technology and content expenses. Investors were spooked by guidance for a 2Q loss. –          As usual, AMZN divulged little detail, but Bezos

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Quick Thoughts: AAPL Quiets its Critics, FB Revs Up Growth, and QCOM Stumbles a Bit

–          AAPL’s 4.6% YoY sales growth came as a shock, as Chinese demand for the iPhone blew past even the most optimistic forecasts, and drove an unexpected GM pop to 39.3%. –          FB delivered 71% sales growth to crush consensus

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Quick Thoughts: Netflix Fiddles while Traditional TV Begins to Burn

–          NFLX beat on EPS ($0.86 vs. $0.81 consensus) and new subs (4M net adds vs. 3.85M guidance), as its original content strategy is beating on-line and traditional rivals alike. –          With the rapid expansion NFLX subs and streaming hours,

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Quick Thoughts: Another Annoying Google Quarter

–          While GOOG’s 1Q14 miss is disappointing, it is not particularly unusual in its history of focusing on the long term. To that end, 19% sales growth is a healthy indicator for the future. –          Network ad sales grew just

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April 15, 2014 – TMT: Don’t Rain on My IPO

TMT: Don’t Rain on My IPO 2013 was the biggest year for TMT IPOs since 2007, with 54 companies hitting the market, led by TWTR, but otherwise dominated by enterprise cloud software. 2014 began with a big backlog of 590

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Quick Thoughts: Amazon lights a Fire under Apple and Google

–          AMZN’s $99 Fire TV is quite differentiated vs. rivals at similar price points (AAPL TV, Roku, etc), slotting in between the bare bones $35 GOOG Chromecast and $400+ Xbox One and PS4. –          Fire TV is well designed to

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