An automobile could be a sell signal. It has been a very long time since Apple has made a serious mistake but the commercial launch of an electric vehicle could very well be the moment that heralds the end of the uptrend as falling margins could significantly undermine its valuation. Unlike previous rounds of speculation around a move into the...
The autonomous software industry has a value of $44.3bn. Microsoft has participated in a $2bn funding round that values Cruise at more than $30bn which seems to be assuming that Cruise will end up the biggest player with over 50% market share. By contrast, I think that there will be many offerings and the time will eventually come when autonomous...
Arm & NVIDIA. The risk of China causing a problem for NVIDIA’s acquisition of Arm is increasing as the dispute between SoftBank and Arm China’s CEO, Allen Wu shows no sign of ending. Despite a 7-1 vote to remove him by the Arm China board, Mr Wu still has control of the company under the old Chinese corporate system as...
Xiaomi blacklist stretches logic. Xiaomi’s blacklisting looks more like an outgoing administration leaving stumbling blocks for the next inhabitant rather than a rational move to contain the rise of China. The US government has added Xiaomi and eight other companies to a blacklist which forbids US citizens and corporations from investing in the shares of companies on the blacklist. This...
Bad for Apple but good for almost everybody else. The colossal price being paid by Qualcomm in combination with the legal tussle between Apple and its former employees that founded NUVIA imply that the huge step forward taken by Apple with its M1 processor is not patentable and will spread through the industry. This is bad news for Apple as...
CES 2021 limps along. Most of the action in the technology sector this week is not to be found on the digital venue. EVs. The EV mania that has characterised the last 6 months has spilt over into the virtual CES to some degree with many of the big OEMs doubling down on their pledge to go all-electric. Mercedes was...
Vacuum allows Samsung chips to grab the limelight. The exhibit count is way down, and I suspect that the smaller, more interesting end of the spectrum has stayed at home. The exhibits The smaller companies are going to struggle for visibility this year and I think that the vast majority of them have not turned up as the exhibitor count...
CES 2021 shaping up to be just a placeholder for 2022. If the media day is anything to go by, the CTA will be very keen to ensure that CES 2022 goes ahead just as it did in 2020 before anyone decides that they no longer need to bother with attending. The media day is characterised by a series of...
There is only one way this works. Speculation has reached fever pitch with Hyundai admitting it has been in talks with Apple with regard to electric vehicles but this will not change the economics of making vehicles meaning that there is only one way that these discussions could produce something productive. Hyundai shares initially jumped 24% on the news but...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Intel & IBM Q4 2020 – Turnaround sagas.
Intel Q4 2020 – The hard road. Intel reported good results and guidance but the new CEO’s commitment to manufacturing sent skittish investors running for the hills. Q4 2020 revenues / EPS were $20.0bn / $1.42 nicely ahead of consensus of $17.5bn / $1.04 as the new lockdowns spurred further demand for homeworking & home-schooling tools of which Intel is...