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1) How Apple, Amazon, Microsoft, Each Hit $1 Trillion Valuation
Microsoft, Apple, and Amazon are the first three publicly traded U.S. companies to hit $1 trillion in market value (market capitalization). WSJ’s Dan Gallagher explains how each company reached the milestone. Wall Street Journal (wsj.com) video above published May 6, 2019.
2) 5G Hype: 5G discussions are complex, convoluted, no one really knows what's happening:
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| source: statista.com |
See also:
- Cell Tower REITs: 5G's True Killer App | SeekingAlpha.com.
- Apple Was Never Going To Have A 5G Phone In 2019, And That's A Good Thing--Samsung’s S10 5G is a mess of compromises - it is more of an advanced prototype, like the Fold--seekingalpha.com.
3) Investing
$UBER at market close on Friday (10 May 2019) was down -7.6% on its first day of trading after raising $8.1B in its IPO, which valued the company at about $82.4B.
Gundlach warns Bear Market just getting started, "better than 50% chance"--China-US Trade Talks Collapse. China reportedly backtracked on almost all aspects of U.S. trade deal.
Warren Buffett calls the U.S. stock market “ridiculously cheap” (if interest rates stay at these low levels)--"Fed Model" indicates U.S. stocks are "cheap" relative to U.S. Treasury bonds--here’s the math: The spread between the S&P 500’s earnings yield -- a proxy for how much equities “pay” shareholders -- and the 10-year Treasury yield currently sits at 2.9 percentage points. (The wider it is, the cheaper are stocks.) While that difference began to expand significantly in December of last year and has come in a bit since, strip out the last five months and the relative payout of stocks over bonds is the highest since 2016. Also note Buffett's most recent annual letter (pdf):
“the annual change in Berkshire’s book value – which makes its farewell appearance on page 2 – is a metric that has lost the relevance it once had.”Europe: the Unbreakable, Unsustainable Eurozone--when the downturn happens, as it eventually will, the unsustainable will hit the unbreakable--ft.com. The EU sits between a rock and a hard place--politically unsustainable--fnlondon.com. Maybe Europe Can’t Recover From the Financial Crisis--The European Union’s flaws, cultural fragmentation and falling birth rates look like a formula for decline and there are number of signs that this pessimistic scenario will come to pass--Noah Smith in bloomberg.com. How Russia contaminated $2.7 billion of oil exports to Europe--contaminated oil found in Belarus, Poland, Germany, Ukraine and the Baltic port of Ust Luga, Druzhba network.
Someone Tell Theresa May and Parliament--“The Brexit horse has bolted”--UK banks told Reuters they would not reverse changes already made in preparation for Brexit, even if it was scrapped in a second referendum, nor would they financially support any future “Remain” or “Leave” campaigns. The banks have already transferred some client assets to new European Union legal entities, and moved about 2,000 jobs from London to offices in Dublin, Paris, Frankfurt and Madrid, thereby reducing costs of doing business in expensive London, and 'enhancing' the appeal of British banks to EU clients outside the UK. Instead, the bankers indicated they would continue to focus on future-proofing their businesses, updating technology, and expanding into new markets.
China VC: Sequoia Capital China, a widely viewed bellwether for Chinese tech investment, reportedly will lay off as much as 20 percent of its investment staff due to the slowdown in China's tech sector.
Investors Beware the False Narratives:
"We make up stories in our minds and then against all evidence, defend them tooth and nail. Understanding why we do this is the key to discovering truth and making wiser decisions"--fs.blog
4) ICYMI Tech News:
Amazon's new Blink XT2 smart camera cheaper than the original. Also: Why Amazon (video) is gobbling up failed malls in the U.S.
YouTube says it will make all of its original content free this fall, a strategy that its CBO says is in opposition to what other media companies are doing--Variety.com.
Verizon Looks to Unload Tumblr Blogging Site--another Marissa Mayer failed 'bright idea.' --
$VZ trying to steady a media business that has struggled to meet revenue targets.--wsj.com.
Qualcomm's Modems Are Faster And Better--seekingalpha.com. See also Intel's failure in 5G smartphone modems was just another point in a string of failures that will cost the company around $3 billion in revenues starting in 2020 ... "Avoid the stock as 2020 revenue estimates of $72 billion need to be cut"--seekingalpha.com.
Apple: EU to launch formal antitrust investigation into Apple in the next few weeks after Spotify accused the iPhone maker of “tilting the playing field to disadvantage competitors”--ft.com. See also
How the Apple Store Lost Its Luster--in interviews, current and former employees say brand building became more important than serving shoppers--bloomberg.com.
Dutch company ASML Granted Final Judgment by US Court Against XTAL for theft of trade secrets - $845 Million Awarded Will Be Uncollectible, But ASML Will Own XTAL IP--asml.com.
Less to lose? Germany's poorer East embraces tech revolution--reuters.com.
EU's Tusk warns of risks in rise of U.S. tech giants Google, Apple, Facebook, and Amazon: the European Union has been a leader in controlling how social media handle users' personal data, with rules known as GDPR introduced in May, 2018, giving regulators the power to impose fines of up to 4% of global revenues for violations.
Newspapers dying--for every reporter now, there are six PR workers, the US Census reports, and the number of PR flacks will continue rising, says Labor Department--bloomberg.com.
Personal tech: Google Pixel 3a: The $399 'Game Changing' Smartphone. Google also announced that this year and forward, all new Chromebook devices will be Linux ready--zdnet.com.
-- John Poole, Editor, Domain Mondo
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