Google and Microsoft both had a difficult night. Google Google reported results that missed expectations as price erosion hit revenues and investments worsened the situation on the bottom line. Q2 revenues (ex-TAC) / EPS were $11.16bn / $9.56 compared to estimates of $11.3bn /$10.8. This represents a 1.3% and 11.5% miss respectively. The main problem...
Light Q2 sets up potential for a bounce in Q3. Nokia missed revenue expectations but profitability improved to allow profits to come in ahead of expectations. Q2A Consensus RFM estimate Units 61.1m 74.0m 62.0m Mobile Phone 53.7m 66.0m 55.0m ASPs €26 N/A €27.0 Lumia Devices 7.4m 8.0m 7.5m ASPs €157 €175 €165 D and S...
Shareholders are playing a dangerous game in trying to force a higher price. Today is the day when shareholders must vote on the offer made by Michael Dell and Silverlake to acquire the company for $13.65 a share. To succeed the deal must win the approval of more than 50% of all shareholders excluding the...
Yahoo! has a lot going for it but it will be some time before it shows in the numbers. Yahoo! reported Q2 results that were hindered by weakness in display advertising but rescued by great performance from its Asian associates. Q2 Revenue and adjusted EPS were $1.07bn / $0.35 compared to expectations of $1.08bn and $0.30 respectively....
The acquisition of 91 Wireless is just one of a series of acquisitions that must happen. Baidu has announced that it will acquire a 91 Wireless, paying $1.9bn in total for the company. 91 Wireless runs two of China’s biggest application distribution platforms: 91 Assistant and HiMarket. These platforms also distribute PC software but the...
Microsoft has taken the most heat from the latest revelations but it looks like everyone is in the same boat. The latest revelations reveal that Microsoft has actively participated with the NSA to allow the authorities to circumvent its encryption. Outlook.com, SkyDrive and Skype have all been compromised but it is unlikely that the...
Microsoft can talk the talk but can it change its spots? Microsoft’s reorganisation and new strategy says everything that is needed to turn the company around but talk is cheap. The two statements from Microsoft detail how the company will be re-organised to achieve the following: One Microsoft. A structure that ensures that decisions are...
Google’s commitment to Motorola has nothing to do with handsets. If the wires are to be believed, Google is going to spend $500m to market the Moto X. The Moto X is a new concept of mobile device where the user can decide on certain aspects of the specification and then have the device built...
Unforeseen illness has meant that Radio Free Mobile will be off the air for a few days. Broadcast hopes to resume on Thursday or Friday.
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.
Apple – Maps and screens
There is no point in acquiring Tom Tom. The wires have been alive for the last few days with the notion that Apple is on the acquisition trail to fix its mapping issues as well as delaying its iPhone 5S launch to increase the screen size. When it comes to maps the hornets are circulating...