Philip Mezey, chief executive of 39-year-old Itron, talks about how the company has slimmed down its costs and boosted its capabilities with the acquisition of Silver Spring Networks, to compete in an age of 5G wireless and Internet of Things. Taking computing to the edge of networks for clients such as ConEdison could someday herald the arrival of sci-fi scenarios such as "smart cities."
Skyworks is one of the best-positioned companies to benefit as the Internet of Things morphs into something more extensive that Macquarie analyst Srini Pajjuri and his colleague Allen Chang are calling the "Internet of Everything," or "IoX."
Smartphone sales, which ended 2017 with a thud, are still struggling, according to the latest data points gleaned by the tech team at Morgan Stanley. That's bad news for Skyworks Solutions and other chip suppliers.
Though Wall Street loves a deal, there's some substantial skepticism today about the rumor Intel is interested in potentially acquiring Broadcom, given what would be a deal size of $170 billion or more.
Qualcomm and Broadcom still going at it, with Qualcomm changing its chairman and Broadcom insisting Qualcomm is "hampered" in 5G wireless, Amazon's spreading grocery delivery to Atlanta and San Fran is just the beginning of its plans for Whole Foods, says Evercore ISI, Bernstein likes the "halo" over Netflix's content that makes people pre-disposed to watch, Finisar is down 10% on what Needham called a "dismal" earnings report, IBM offered some numbers, though analysts noted they have no time frame attached to them, Toshiba's closing in on the sale of its NAND chip unit, the analyst day held by F5 Networks gets a mixed reception, GoPro's having no luck finding buyers, and Marvell Tech has lots of hidden appeal according to Cowen & Co.
The latest move in the acrimonious battle between Broadcom and Qualcomm is Broadcom sending a letter to Congress from its CEO, Hock Tan, pledging to make the U.S. the leader in 5G wireless technology, and casting aspersions on Qualcomm, which it says is hampered in its ability to invest in 5G because it makes money from "unlawful" licensing practices.
Qualcomm said its former CEO Paul Jacobs will relinquish his executive chairman role, passing the top board spot to independent director Jeffrey Henderson, as its battle with Broadcom continues.
Hassan Ahmed, CEO of startup Affirmed Networks, talks about rising demand for his company's "SDN" software that makes telco networks more nimble, as carriers start to figure out what 5G wireless will be good for.
With the administration of U.S. president Donald Trump taking a close look at Broadcom's hostile bid for Qualcomm, and with the administration apparently pressuring Korean carriers not to buy from Huawei, there are some elements in place for a trade war between the U.S. and China over 5G wireless technology, according to a report today from Jefferies analyst Edison Lee.
Both Hewlett Packard Enterprise and HP inc. are rising after upbeat reports Thursday, two startups, The Trade Desk and Appian delivered nice results, Nvidia and AMD have good prospects in both gaming and crypto-currency use, says Merrill Lynch, identity manager Okta gets a new fan at Deutsche Bank, Yahoo!'s Altaba offspring is too cheap relative to those Asian assets, the easy money is over with struggling fiber-optic name Applied Optoelectronics, says its most devoted short seller, while the pain continues for fiber name Acacia Communications, Western Digital has good prospects, says Stifel, and Universal Display, the maker of OLED technology, is plunging after its year outlook disappointed, though it has plenty of defenders.
Broadcom's decision to trim its bid for Qualcomm after the latter upped its bid for NXP has left several on the Street feeling chipper that a deal will get done, combining perhaps all three, for a new semiconductor powerhouse.
Broadcom cut the cash component of its hostile offer for Qualcomm by $3 to reflect what it said was an ill-considered transfer of wealth by Qualcomm to NXP, which Qualcomm is seeking to acquire.
Qualcomm's lead independent director on its board, Thomas Horton, took to CNBC, telling David Faber the accusations about its bid for NXP by Broadcom are wrong, and saying Broadcom's $82-per-share hostile bid for Qualcomm is "not even close" to the valuation Qualcomm shares should get given its earnings outlook.
Impinj, makers of technology for tagging items in order to track them, saw its second implosion in two weeks on Friday, as its stock closed down 18%. The proximate cause was Thursday evening's disclosure by the company it will stop giving a forecast for its volume of tags shipped annually. Barron's reached out to the company and received answers from management to a few questions. The answers are informative but don't fully allay concerns a mis-step of this kind could happen again.
Qualcomm has for the first time indicated it's open to the prospect of a sale, says Bernstein's Stacy Rasgon, Arista and Impinj both crumbled after disappointing outlooks, though Arista's CEO, Jayshree Ullal, stepped up to defend the company, Facebook was slapped with a warning by Belgium's commission to protect privacy, and bullish analysts are hoping 2018 is finally the year wireless power startup Energous will "execute."
Broadcom chief executive Hock Tan took to CNBC's "Squawk Box" segment, telling hosts David Faber and Jim Cramer that his offer to buy Qualcomm for $82 in cash and stock is "compelling" and that his trips to visit Qualcomm shareholders have elicited a lot of support. The two parties are set to meet this Wednesday.
Raymond James's Ric Prentiss got even more bullish about T-Mobile on Friday, dismissing concerns about its low forecast for subscriber growth, and arguing it has increasing strategic value as it builds out its network.
The latest turn in Broadcom's hostile bid for Qualcomm, with both sides apparently agreeing to talk, leaves open the question of whether the offer price is high enough, whether regulatory challenges are too high, and other questions for the Street to ponder.
Shares of Lumentum are higher by 20%, and are helping to lift the entire optical complex, amidst an upbeat outlook for VCSEL lasers for smartphones, Skyworks despite missing with its forecast as it talks about wins in top-tier smartphones later this year, Cirrus Logic slipped as Apple's iPhone shortfall affects its fortunes, and Micron Technology's new finance chief could help the company boost its multiple.
Qualcomm got an increased bid from Broadcom of $82, sending its shares slightly higher, but CNBC suggests Broadcom could be setting itself up to simply walk away, PayPal and Sprint got upgrades, while GrubHub is at risk from Uber incursions, Amazon could take a serious bite out of Alphabet's advertising dollars, and Synaptics could benefit from more LCD-based iPhones and fewer OLED models.