RECENT Tech, Media, and Telecom RESEARCH
In just one week, Qualcomm’s board rejected Broadcom’s $70-per-share offer on the grounds that it undervalued the stock and brought regulatory uncertainty.
Amazon’s (AMZN) sales from its overseas markets are increasing and in 3Q17, this increase accelerated compared to 2Q17 and 3Q16.
Cypress Semiconductor (CY) reported record revenues in 3Q17, supported by expanding bill-of-material coverage. Its IoT wireless connectivity grew 80% year-over-year in 3Q17.
If HP (HPQ) meets analysts’ average revenue estimate of ~$13.3 billion, it would mean a YoY (year-over-year) rise of 6.5% compared to revenues of ~$12.5 billion in 4Q16.
During its 3Q17 earnings call, AT&T’s management forecast free cash flow and capital expenditures of ~$18.0 billion and ~$22.0 billion, respectively, in 2017.
T-Mobile keeps provoking the wireless telecom market with innovative service plans and new subscriber benefits—rather than just competing on prices.
Facebook published its 3Q17 results on November 1, again reporting revenue and earnings growth and comfortably surpassing the consensus estimate.
Analysts expect US-based (SPY) tech (QQQ) company Hewlett Packard Enterprise (HPE) to report revenue of $7.7 billion in fiscal 4Q17 (ended October 2017).
AT&T (T) disappointed investors with dismal 3Q17 quarterly earnings results on October 24.
AMD’s revenues have consistently risen at a double-digit percentage rate YoY for the past four quarters. In 3Q17, revenues grew 26% YoY to $1.6 billion.
While Samsung (SSNLF) has been the leader in smartphones in terms of units sold, Apple (AAPL) may be catching up.
On November 2, 2017, US-based (SPY) information technology giant International Business Machines (IBM) confirmed that it has finalized its acquisition of Vivant Digital.
AT&T (T) reported mixed 3Q17 results, with postpaid phone losses higher than the Wall Street analysts’ consensus estimate.
Analysts expect US-based (SPY) storage tech (QQQ) firm NetApp (NTAP) to report revenues of $1.38 billion in fiscal 2Q18.
Microsoft (MSFT) was once a leader in the video game console market with the Xbox 360, but Xbox One hasn’t been so popular.
The Other Bets segment is where Alphabet bundles sales from such businesses such as Waymo, Nest, Fiber, and Verily.
The Priceline Group (PCLN) reported its third-quarter financial results after market hours on November 6. PCLN beat analyst estimates for both revenues and earnings.
Disney is expected to benefit from its BAMTech acquisition, as it will help the media mogul start its own video streaming business.
Analysts expect Cisco to report revenues of $12.1 billion in fiscal 1Q18, with a high estimate of $12.2 billion and a low estimate of $12 billion.
Wall Street analysts foresee Verizon’s adjusted EPS (earnings per share) falling ~2.8% YoY (year-over-year) to ~$3.76 in 2017 compared to $3.87 in 2016.