Blog Profile / Tech Trader Daily

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Archived Since:February 17, 2011

Blog Post Archive

Digital Transformation Will Spark a Frenzy in Tech M&A in 2018: Prediction

Digital transformation in insurance, retail and manufacturing will force industry incumbents like General Electric (GE) and Honeywell (HON) to consider acquiring software companies. If they don't, enterprise software players IBM (IBM), SAP (SAP) and Oracle (ORCL) will.

Nvidia, AMD: Custom Bitmain Chip Could Steal Crypto Sales, Says RBC

Nvidia (NVDA) and Advanced Micro Devices (AMD) could both conceivably lose some sales of graphics processing units, or GPUs, used to participate in crypto-currencies, if startup Bitmain Technologies were to make a chip that steals some of the functionality of GPUs, accordion to a report from RBC Capital’s Mitch Steves. Show More Summary

Veritone: Roth Slashes Very Generous Target to a Little Less Generous

Shares of artificial intelligence pioneers Veritone (VERI) are down 15 cents, or 1%, at $14.57, after Darren Aftahi with Roth Capital slashed his price target to $32 from $62 on the stock, in advance of its report on February 26th, after market close. Aftahi maintains a Buy rating, but he writes that this year, he is taking a more “conservative” approach […]

A Revenue ‘Supercycle’ for Apple

The $1,000 smartphone -- along with iPhone 8 and iPhone 8 Plus -- helped propel Apple (ticker: AAPL) to a commanding 76% of smartphone revenue in North America and 57% in Europe, according to Counterpoint.

Qualcomm Director Defends NXP Bid, Broadcom Price ‘Not Even Close’

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.

Broadcom Slams Qualcomm for Raised NXP Bid, Shares Rise

Broadcom stock reversed earlier losses, rising after the company criticized Qualcomm for its raised bid for NXP and said it would "evaluate its options" in its hostile bid for Qualcomm.

Tech Today: Western Dig LBO? Snap Slapped, More iPhone X Worries

Qualcomm and Broadcom both sagged on their latest moves in their M&A battles, while NXP shares rose on Qualcomm's increased bid, there's further iPhone X hand-wringing following a Nikkei report, OLED tech supplier Universal Display gets...Show More Summary

Qualcomm, Broadcom Shares Sag Amidst Latest Jousting, NXP Surges 6%

Qualcomm raised its bid for NXP Semiconductors to $127.50, boosting NXP shares, while Broadcom got a partial endorsement of its nominees to Qualcomm's board as it pursues a hostile takeover of Qualcomm. The two stocks were both down in early trading amidst the latest jousting.

Impinj CEO: Disappointed, but Focused on Our Vision

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. Show More Summary

Voxeljet Plunges 16% on Q4 Miss, Lower 2018 Forecast

Shares of 3-D printer provider Voxeljet (VJET) are down 70 cents, or 15.5%, at $3.83, in late trading, after the company reported, after market close, preliminary results for the year ended in December, and an outlook for this year, that both fell below consensus. There’s nothing amiss in the company’s prepared remarks. CFO Rudolf Franz remarked […]

Tech Today: Qualcomm Puts Sale ‘On the Table,’ Arista Plunges, Facebook Warned

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...Show More Summary

Impinj Implodes Again: Removal of Tag Forecast Leaves Company in Limbo

Analysts are throwing up their hands about wireless I.D. tag vendor Impinj, its shares falling 22%, after the company held a conference call Thursday to explain its disappointing quarterly outlook, and told analysts it will no longer provider a yearly forecast for the number of tag "endpoints" it will ship, leaving the overall trajectory of things in limbo.

What Thiel’s Exodus Could Mean to Facebook, Valley

His disaffection is reflective, some say, of tech's growing reputation as an elitist colony on the Left Coast -- one where fabulously wealthy, larger-than-life titans of industry are out of touch with the rest of the country. The resentment has led to a backlash against Silicon Valley's growing influence in our lives, and its outspoken advocacy of political causes.

Arista CEO Ullal: You Can’t Make Everyone Happy All the Time

Arista shares fell 16% as it failed to impress with its financial forecast for the first time since going public in 2014. CEO Jayshree Ullal tells Barron's the issues that hampered its cloud computing networking sales, which involved...Show More Summary

Qualcomm Rejects Broadcom Offer, Open to ‘Further Discussions’

Qualcomm's board of directors had again rejected Broadcom's offer of $82 per share in cash and stock, saying it undervalues Qualcomm and brings too much risk, especially as Broadcom, says Qualcomm, intends to control Qualcomm's licensing business while approval would be pending.

Amazon’s Ambitions Go Beyond Standard Monopolies: Report

Amazon Chief Executive Officer Jeff Bezos has "designed his company for a far more radical goal than merely dominating markets; he’s built Amazon to replace them," The Nation reports. "His vision is for Amazon to become the underlying infrastructure that commerce runs on."

LogMeIn Drops 5%: In-Line Forecast Just Not Enough

Internet software maker LogMeIn dropped by 5% after its quarterly results and outlook for revenue came in merely in line with Wall Street's expectations.

MuleSoft Jumps on Q4 Beat; CEO Pledges $1B Rev Come 2021

Recently public cloud computing software maker MuleSoft saw its shares initially jump by more than 6% in late trading following quarterly results that topped expectations and an upbeat forecast for 2018.

Arista Drops 13% Despite Q4 Beat, Higher Outlook

Shares of networking challenger Arista Networks dropped by more than 13% in late trading despite its quarterly results topping Wall Street's expectations. The revenue outlook this quarter is just slightly above what the Street has been modeling.

Cisco Returns To Growth and Pays Out, Bears Still Fret Routing

Bulls were delighted with Cisco's return to growth in its quarterly results and outlook announced Wednesday evening, as well as the promise of lot more to come in its capital returns program. Bears still worry about lack of disclosure of individual product lines, especially as it may mask continued weakness in Cisco's routing equipment sales.

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