Operating at the Intersection of Technology and the Capital Markets
Category: Corporate Governance
PAYC shares are sharply off today, yet trade at 20x calendar year 2023 cash from operations, which we estimate at $450 million. That is a steep multiple for a company that is growing its topline at 10-15% and is likely to see growth further slow in 2024. In addition, I am not a fan of … Continue reading We Still Don’t Like PAYC.
AI - what a mess. Executives and investors regularly refer to all advanced automation as "AI", regardless of whether the technology in question refers to machine learning, deep learning, neural networks, natural language processing, computer vision / image recognition, voice recognition, generative AI and so on. The good folks at Korn Ferry recently published the … Continue reading AI: The Blind Leading The Blind
When Apple (ticker: AAPL) CEO Tim Cook takes the stage tonight at 8pm ET, recognize that there would be no Apple without co-founder Steve Jobs. There would be no iPhone... There would be no Mac product line... There would be no Apple Watch... There would be no Apple Services... There would be no new HQ … Continue reading The Next Steve Jobs?
The Wall Street Journal has published at least two articles this week about Return To Office (RTO) policies and how employees are coping with and gaming them. The fact that this is even an issue makes me sick to my stomach. If you are a company such as Automattic (the platform that TEK2day is published … Continue reading CEOs: Be Willing To Break A Few Eggs
Microsoft closed its Activision acquisition. As we wrote on August 7th - Activision will add strategic glue to MSFT's Xbox platform by adding hit gaming content such as the Call of Duty franchise. We are fans of vertical acquisitions. The complementary pieces - once combined - have the ability to differentiate the acquiring company from … Continue reading Microsoft’s Activision Deal Adds “Strategic Glue” To Its Xbox Platform
Was Unity's pricing model PR error enough to push out John Riccitiello as Unity (ticker: U), CEO? I don't think so. However, when you combine a massive business operations gaffe with sexual misconduct lawsuits, it then becomes difficult for any Board to want to keep the CEO around. You may read our previous article about … Continue reading John Riccitiello’s Past Caught Up With Him
In previous TEK2day articles and podcast episodes we have talked about intellectual curiosity as the most important attribute for a Technology CEO to have. Technology Founder CEOs: We are partial to Technology founder CEOs in large part because it is their intellectual curiosity that not only served as a catalyst for starting the business, but … Continue reading Intellectually Curious CEOs
I have criticized NVIDIA (ticker: NVDA) co-founder and CEO Jensen Huang for hyping NVDA shares during the recent AI boom. Putting hyperbole aside, there is a reason why NVIDIA developed the market-leading chips that underpin the Large Language Models (LLMs) that power Generative AI products and services. Mr. Huang is that reason. While Intel (ticker: … Continue reading How Did NVIDIA Corner The LLM Chip Market? Jensen Huang Is the Answer
Clorox (ticker: CLX), has lost approximately 24% of its value since its August 14th announcement that it was hacked. While many CEOs and Boards have found cybersecurity religion, many have not. Negligence can be costly. Any company may be hacked, even those that are vigilant about cybersecurity. I don't know how vigilant Clorox was or … Continue reading My Company Was Hacked. My Stock Is Paying The Price.
For Gen AI initiatives to succeed they must be driven from the bottom up. Business users must define Gen AI use cases that drive an ROI. When I read about Gen AI pilots where the driving factor is the CEO I think to myself that such pilots are doomed to fail. I imagine the CEO … Continue reading Top-Down Gen AI Initiatives Will Fail
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