Category Archive for "TMT"

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Quick Thoughts: The still not so cheap iPhone

  –          As everyone expected, Apple’s big event introduced an incremental update to its high end iPhone, the 5S, and a slightly cheaper plastic alternative, the 5C –          The 5S adds a beefed up 64 bit processor, an improved camera,

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September 9, 2013 – Mobile Payments: From Cards, to Smartphones and the Cloud

After years of false starts, mobile payments are finally beginning to surmount the vested and conflicting interests of device platforms, wireless operators, and existing payments players to gain traction with merchants and consumers. These initiatives focus on the point of

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September 3, 2013 – TMT Portfolio Updates: Walking the Topline

 Sell side analysts love to back end load estimates for the companies that they favor, pushing sales acceleration and margin expansion into the back half or even into the next fiscal year. As we approach 3Q earnings, we thought it

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Quick Thoughts: Nokia Gives Microsoft an Offer it Can’t Refuse

–          The Street will hate the MSFT/NOK deal, but it smells like the result of an ultimatum – without NOK, Windows Phone would be dead and both companies knew it. –          At least MSFT got a better deal than did

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Quick Thoughts: Anyone Buying Blackberry Would Be Like Sprint Buying Nextel

–          BBRY is years too late in deciding to explore a sale of the company. Its messaging franchise and device platform have been overrun by competition – a turnaround may be impossible. –          Much of the $2.8 in cash would

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August 1, 2013 – Mobile Devices: The PC-ification of the Smartphone

  Smartphone demand is decelerating at the high-end, as the slowing pace of innovation, carrier pushback on subsidies, and the weak economy dampen replacement, and as fears of market saturation begin to play out. At the same time, the emerging

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Quick Thoughts: Amazon and its investors don’t care about earnings

  –          Investors shrugged off Amazon’s unexpected 2Q13 losses in after-hours trading, shaving less than 2% from a stock that is up more than 25% since its 1Q13 report in April. –          Amazon sales were only in-line, although 22% top

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Quick Thoughts: Facebook and Qualcomm

  –          Facebook crushed consensus on 53% sales growth, accelerating from 38% in 1Q13, with mobile ads accounting for 41% of total revenues, all in a soft display advertising market. –          Mea culpa – FB may face big long term

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Quick Thoughts: Apple – The Glass is Only a Quarter Full

  – Apple beat modest expectations in a less than remarkable 3QFY13, with upside on revenues, EPS, and iPhone unit sales. Still sales were flat YoY and net profits were off nearly 25%. – iPhone units were 19% above projections,

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Quick Thoughts: Netflix’s Quarter – If you build it… they will watch

  –           NFLX Q2 sales were on target and EPS beat, but failing to hit 30M US subscribers and cautious Q3 guidance triggered a sell-off after the odd streaming video earnings call. –           The success of NFLX’s original content had

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