Tag: Amazon

The Voice Assistant Wars Lost A Combatant

The Voice Assistant Wars Lost A Combatant

Unlimited cash and an army of talented data scientists and engineers does not ensure AI success. This is especially true when the first mover and market leader (Google) has yet to remove its foot from the accelerator. Microsoft recently stood down in the Voice Assistant wars. Cortana was never going to catch Google Assistant (Google … Continue reading The Voice Assistant Wars Lost A Combatant

Perception Is Everything

Perception Is Everything

Investors finally may be valuing Amazon as the AI-powered, massively-scaled, market-leading Technology company that it is. We could make the case that AWS and Amazon Prime combined are worth $1.5 trillion (a 20x revenue multiple applied to each). This valuation would imply that the "Retail" operation (ex-Prime), including Whole Foods, Amazon Go, Amazon Pharmacy, Amazon … Continue reading Perception Is Everything

Poor Reputations Travel Quickly

Poor Reputations Travel Quickly

Amazon is developing a reputation for poor deal etiquette. Specifically (as reported by the WSJ), Amazon is using intelligence gathered by its venture arm during deal due diligence to develop competitive offerings. Microsoft, Google, Walmart, Alibaba, Shopify and others will likely capture a percentage of venture and M&A deal flow that otherwise would have gone … Continue reading Poor Reputations Travel Quickly

The Best CEOs Are Willing To Break With Tradition

The Best CEOs Are Willing To Break With Tradition

COVID-19 is forcing people, companies and economies to adapt. Many companies have recalibrated their business models to better compete in this new COVID reality. We have yet to see one of America's great export industries - Hollywood - evolve to better capitalize on the current reality. Back in October 2019 we wrote that the future … Continue reading The Best CEOs Are Willing To Break With Tradition

Fed Disclosure: Secondary Market Corporate Credit Facility Includes Amazon, Apple, Microsoft & More

Fed Disclosure: Secondary Market Corporate Credit Facility Includes Amazon, Apple, Microsoft & More

Adobe (ADBE), Amazon (AMZN), Apple (AAPL), Broadcom (AVGO), Microsoft (MSFT) and Oracle (ORCL) were among the Technology companies included in the Fed's July 10th SMCCF disclosure. The Fed has purchased $137 million par value of Technology company fixed income securities through June 26th or approximately 9% of a total par value of approximately $1.5 billion. … Continue reading Fed Disclosure: Secondary Market Corporate Credit Facility Includes Amazon, Apple, Microsoft & More

E-Commerce Is Fluid and Walmart Appears Undervalued

E-Commerce Is Fluid and Walmart Appears Undervalued

We spent much of last week collecting e-commerce and payments-related data. That long-form TEK2day report is on the back burner for now. In the interim we share our general thoughts on e-commerce and one retail giant in particular. The retail space is having difficulty overcoming COVID having suffered record bankruptcies. Brooks Brothers is the latest … Continue reading E-Commerce Is Fluid and Walmart Appears Undervalued

Long-Term Bullish On RIA/Private Client/Trust Investment Services

Long-Term Bullish On RIA/Private Client/Trust Investment Services

I traded text messages with a friend who is contemplating a Chief Investment Officer role with a large RIA firm. Increasingly it seems Portfolio Managers who spent much of their career working for large, long-only investment managers are looking for a change to where they can operate with more flexibility and creativity. The RIA/Private Client/Trust … Continue reading Long-Term Bullish On RIA/Private Client/Trust Investment Services

Pt. I: Amazon Prime vs. Netflix & Disney+. Pt. II: Is Amazon Sitting On AWS 2.0?

Pt. I: Amazon Prime vs. Netflix & Disney+. Pt. II: Is Amazon Sitting On AWS 2.0?

When compared to Netflix and Disney+, Amazon Prime is the most durable revenue stream of the three. We cover Prime's attributes and where we believe leverage points exist, including Amazon's strategic investment in "COVID-proofing" its distribution and customer-facing operations. There could be an AWS-like opportunity if Amazon decides to commercialize its COVID response. Part I … Continue reading Pt. I: Amazon Prime vs. Netflix & Disney+. Pt. II: Is Amazon Sitting On AWS 2.0?

Apple Is Not Going to Acquire A Search Engine

Apple Is Not Going to Acquire A Search Engine

Sellside analysts have too much time on their hands. There is zero logic as to why Apple should acquire a search engine. If Apple (tkr: AAPL), were to acquire a search engine it would have a difficult time taking market share from Google (tkr: GOOG). It is more likely that an Apple-owned search engine would … Continue reading Apple Is Not Going to Acquire A Search Engine

Catching Up with CEORater’s 2019 Technology CEOs of the Year

Catching Up with CEORater’s 2019 Technology CEOs of the Year

Our 2019 Technology CEOs of the Year included Andy Florance of CoStar Group (tkr: CSGP), Lance Uggla of IHS Markit (tkr: INFO), Ajay Banga of Mastercard (tkr: MA), Satya Nadella of Microsoft (tkr: MSFT) and Bill Stone of SS&C Technologies (tkr: SSNC). The risk/reward ratio for the equity markets hasn't been this unfavorable since the … Continue reading Catching Up with CEORater’s 2019 Technology CEOs of the Year