Microsoft goes back to basics. Microsoft is taking its developer conference back to its roots and focusing its time on things that actually matter to developers rather than using it as a platform to launch new products and features. However, it was very quiet on the Metaverse which will only lead to further speculation that its Metaverse effort is in...
Crunch looks to be limited to Snap. Snap has warned that growth will be slower than expected when it gave its Q2 2022 guidance just one month ago highlighting internal weaknesses as its competitors saw this coming and called it out at their results last month. On April 21st 2022, Snap said that it expected that Q2 22 revenues would...
Apple will be hoping that the Metaverse goes nowhere. Apple has no choice but to go all-in on the Metaverse because if the Metaverse does replace the smartphone and Apple does not have a compelling offering, then it will suffer a similar fate to Nokia between 2007 and 2015. As things are today, the smartphone is the centre of the...
China throws a spanner in the works of both Tencent and Cisco. Tencent Q1 2022 Tencent reported weak results as growth evaporated leaving the company waiting for both the end of Covid-zero and the regulatory crackdown before it can see growth once again. Q1 2022 revenues / net income were RMB135.5bn / RMB23.4bn behind estimates of RMB141.5bn / RMB26.4bn. This...
The mercurial Mr Musk takes the story on a rollercoaster. The acquisition of Twitter was never going to be straightforward, but Mr Musk is taking the story on a rollercoaster quite possibly due to the price he offered and the drubbing the sector has taken since. In the last week, Mr Musk has put the deal on hold and raised...
The real pain is yet to come. The problem of selling shares at overinflated prices is that raising more money is extremely difficult which can lead to bankruptcy and forced consolidation as the EV SPACs are just beginning to find out. This is not limited to the EV SPACS but because building cars is capital intensive, it is these companies...
Coinbase is a low-risk bank that is very unlikely to go bust. The current scare surrounding Coinbase is entirely valid in terms of proper risk disclosure but I agree with the CEO that even in a total meltdown, the company is very unlikely to go bust. Due to a new regulation from the SEC, Coinbase was required to add a...
Google puts a placeholder on the Metaverse with a Babel fish. The all-important Google I/O keynote was a fairly humdrum affair with the exception of the soft launch of its Metaverse offering which will be to skip VR and go straight to AR. Google is holding its annual developer conference which is back at full strength for the first time...
Peloton is cheap but Unity is not. Bad results from both companies caused further share price declines but Peloton is moving into deep value territory whereas Unity by any measure remains expensive. Peloton FQ3 2022 – Kitchen sinks the numbers Peloton reported weak results as the CEO effected a hard reset but there is some light at the end of...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Nvidia & Snowflake – Multiple compression
Small misses pressure multiples again Nvidia reported good FQ1 2023 results but the market is so sensitive to high-multiple stocks that the shares fell 10% due to weak guidance that was entirely due to China and Russia. FQ1 2023 revenues / adj-EPS were $8.3bn / $1.36 ahead of consensus at $8.1bn / $1.29 but guidance caused worries. China’s zero-Covid policy...