Category: The Street
Posted Date:
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What would cause the Tech Industry to slow down?
In my previous post, I skipped a step and made some guesses about how a slowdown in venture funding could ripple through the industry. Is such a slowdown likely? I would argue…
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Jana Vs. Qualcomm – The Only Thing to Fear is Fear Itself
I had an odd conversation recently. Speaking to a friend at Qualcomm, he said that the management team there was really worried about Jana Partners’ activist attack on the company. That did…
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Activists Target Qualcomm – And Get it Half Right
Last week, activist fund Jana Partners published a letter calling on Qualcomm to take several steps to improve shareholder value. (I know I am late in writing about this, but I literally…
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Retail Real Estate Stocks Scares Me
The real title of this post is “Is the market under-pricing technology obsolescence risk?”. Which is probably the most boring title I have ever written. So I went with the flashier title…
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Should private companies raise money from mutual funds?
There is a trend lately for private companies, in later stages of their fundraising, to include mutual fund managers in their venture rounds. In theory,the idea has a lot to offer, but in practice…
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Are there any value stocks in Technology?
I do not usually write about investment styles, but I suffered through two winters at the University of Chicago, which means that I am entitled to occasionally touch on the subject. I have…
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If Apple Built a Car in the Forest, Would We Hear It?
I have no idea if Apple is going to build a car, but if they were, I think we would see signs of preparation in the supply chain two years ahead of…
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A close-read of Qualcomm’s China press release
Qualcomm announced a settlement of the NDRC China investigation. The very dense press release raises as many questions as it answers. Bad news: a 46% reduction in royalty rates. Good news: lots…
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China VIE trouble for BABA?
That didn’t take long. Over the past few months I have been writing (also here and here) about Alibaba (Ticker: BABA). I mentioned one of the key risks with buying BABA stock is…
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Semiconductor Consolidation is Coming
The semiconductor industry is not really a growth industry anymore, and resembles the steel industry as much as anything. That means scale matters, leaving M&A as the most likely path to growth,…
