– Cisco is out executing its competitors, taking share in most categories to deliver growth in tough conditions, while cutting costs and expenses to sustain strong margins. – However, the comprehensive paradigm shift underway in TMT does not play to
– Mobile device innovation moves faster than due process on patent litigation, leaving plaintiffs to play “Whac-A-Mole” as defendants appeal verdicts and design around infringement. – Apple’s global settlement with HTC is an abrupt about face from previous policy and
– Weak ad spending, growing on-line audience and aggressive U-verse expansion are negatives for cable and TV businesses heading into 2013 – cord cutting will be a later stage development. – 3Q non-Olympic ad revenue was disappointing despite big political
– In the wake of T-Mobile/MetroPCS and Sprint/Softbank, new moves from AT&T and Sprint portend heightened rivalry that could threaten industry and cash flow and dividends. – AT&T plans to boost CAPEX by $14B over the next 3 years, accelerating
– Apple, Google, and Microsoft are dreaming of a tablet Xmas, with differentiated products aimed at an increasingly segmented market. – Google is using thin margins and engineering triage to undercut Apple from iPhone to iPad by 20-50% with Nexus
– Netflix’s 3Q story of negative cash flow and decelerating sub growth is troubling given the leverage of content owners and potential rivals like HBO, Amazon, Google, and Apple on the horizon. – If Netflix is to re-establish a growth
The massive paradigm shift in the TMT landscape has profound implications for data storage and the companies involved in storage technologies. Web-based applications for both consumers and enterprises are driving a rapid expansion in data. At the same time, the
– Apple’s announcements today accelerate its annual product upgrade cadence, keeping better pace with the state of the art, but risking margins with a narrower window to amortize development costs. – The iPad Mini was widely leaked, but there were
– Google and Microsoft both whiffed on 3Q12 but the results say little about either firm’s ability to deliver against longer term opportunities – both are positioned to win in the new emerging paradigm. – Google pulled an IBM and
– IBM and Intel blamed weak Q3 sales and forward guidance on the obviously troubling macro environment, but a closer look shows evidence of the seismic paradigm shift underway in TMT – IBM wants to hang its 5% YoY revenue
