SEE LAST PAGE OF THIS REPORT Paul Sagawa / Tejas Raut Dessai FOR IMPORTANT DISCLOSURES 203.901.1633/.901.1634 psagawa@ / trdessai@ssrllc.com @PaulSagawaSSR August 13, 2018 The End of TV: Media Strains to Adapt to the Streaming ERa Linear TV is dying. In
SEE LAST PAGE OF THIS REPORT Paul Sagawa / Artur Pylak FOR IMPORTANT DISCLOSURES 203.901.1633 /.1634 psagawa@ / apylak@ssrllc.com @PaulSagawaSSR April 18, 2017 TMT Model Portfolio: Cutting Down on Volatility With an average beta of 1.29, our TMT model portfolio
The CRM/IBM and GOOGL/SAP partnerships target major synergies between application SW companies and hyperscale datacenter operators as we move to a cloud/AI world IBM acquired a major CRM integrator in 2016; both partners will now sell AI-powered APIs from Watson
– GOOGL is entering the increasingly crowded, but still nascent OTT PayTV market with YouTube TV – a bundle of 40 channels for $35 a month. – On the surface, YouTube TV’s offering is undistinguished vs. rival services from DISH,
Quick Thoughts: GOOGL Brings the Chips to the Cloud Party – Google Cloud Platform (GCP) is the first IaaS host to offer Intel’s new Skylake CPU, with 30% speed advantage for computationally intensive applications – a coup vs. AMZN and
Quick Thoughts: GOOGL – Waymo Fly Than You – GOOGL’s newly launched Waymo business unit has a flexible mandate to monetize autonomous vehicle technology however it makes sense – from OEM licensing to operating fleets of robo-taxis – Negative press
The PX discussion clearly caused significant disagreement at Linde and the fall out at the senior management level is significant. We believe that this opens Linde up for an acquisition, by either PX or APD. See prior research. It
In research published today we share thoughts about the proposed PX/Linde merger, which we think is more likely to be a PX acquisition of Linde – should it go ahead. However, what APD could do matters. We are assuming that
MSFT’s strength in AI is a considerable weapon as it pursues its 3-part strategy, working from the cloud out and pointing the company toward becoming the dominant force in driving enterprise productivity. 1. Reinvent productivity and business processes – With
In late March we published a longer term view of ethylene. Our focus was on what we still believe will be a weakening second half of 2016, possibly more accelerated if Europe is weak – a concern raised by CAT
