Independent TMT Analyst

Edison Lee, CFA

Equity Bottom-Up

<ul><li>The Google Pixel phones will be available for sale starting from tomorrow US time. Over the past week and a  half, professional reviews have started coming out. We have seen three widely followed, professional reviews that rate Pixel at least as the best Android phone on the market. One of them even rates Pixel as "the best phone on earth" and that author said he would switch out of his iPhone into a Pixel.</li></ul><a href="http://www.recode.net/2016/10/18/13310380/mossberg-google-pixel-phone" target="_blank">Review by Recode</a><a href="https://www.wired.com/2016/10/review-google-pixel/?mbid=nl_101816_p3&amp;CNDID=43720937#slide-7" target="_blank">Review by The Wired</a><a href="http://www.theverge.com/2016/10/18/13304090/google-pixel-phone-review-pixel-xl" target="_blank">Review by The Verge</a><ul><li>Reviews, even though they are…</li></ul>

The Google Pixel phones will be available for sale starting from tomorrow US time. Over the past week and a  half, professional reviews have started coming out. We have seen three widely followed, professional reviews that rate Pixel at least as the best Android phone on the market. One of them even rates Pixel as "the best phone on earth" and that author said he would switch out of his iPhone into a Pixel.Review by RecodeReview by The WiredReview by The VergeReviews, even though they are…

Alphabet's Pixel Phones Received Excellent Reviews. Upside From Hardware Sales Not In The Price.

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Event-Driven

Japan Aviation Electronics / Event-Driven

<a href="https://www.smartkarma.com/entities/9095" target="_blank" data-smartkarma-citation="entities:9095:1">Japan Aviation Electronics (6807 JP)</a> reports earnings October 26th.Parent <a href="https://www.smartkarma.com/entities/17084" target="_blank" data-smartkarma-citation="entities:17084:1">NEC Corp (6701 JP)</a> announced at the end of May that it would launch a tender offer to buy 10 million shares in order to take its stake from 39.8% to just over 50%. The original expectation was that the tender would start in November.It is a small partial offer, somewhat misunderstood. And for the next week arbitrageurs are faced with much greater binary risk than they faced a few months ago. More below the fold for subscribers.

Japan Aviation Electronics (6807 JP) reports earnings October 26th.Parent NEC Corp (6701 JP) announced at the end of May that it would launch a tender offer to buy 10 million shares in order to take its stake from 39.8% to just over 50%. The original expectation was that the tender would start in November.It is a small partial offer, somewhat misunderstood. And for the next week arbitrageurs are faced with much greater binary risk than they faced a few months ago. More below the fold for subscribers.

Amareos

Federico Bagiotti, CFA

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/014/837/original/FN%20161017%20Samsung%20Table.png?1476706856" class="editor-image img-responsive" data-smartkarma-image-id="14837"></figure>The current favourite sport of Samsung haters/iPhone lovers and even mobile communication “agnostics” is to create and spread jokes on the recent debacle of the South Korean company. Indeed, we could not resist the temptation of using one of these pictures for this flash note<a href="#_ftn1" target="_blank">[1]</a> even though we are longstanding Samsung users and, in particular, proud owners (soon-to-be ex-owners) of a Galaxy Note 7 - the less said about the mechanics of getting a new phone the better as our experience has been…

The current favourite sport of Samsung haters/iPhone lovers and even mobile communication “agnostics” is to create and spread jokes on the recent debacle of the South Korean company. Indeed, we could not resist the temptation of using one of these pictures for this flash note[1] even though we are longstanding Samsung users and, in particular, proud owners (soon-to-be ex-owners) of a Galaxy Note 7 - the less said about the mechanics of getting a new phone the better as our experience has been…

Thematic Investing in Tech and Media, CM Research

Cyrus Mewawalla

Thematic Investing in Tech and Media

Thematic TMT investing

CM Research

CM Research is an independent research house based in London, England. We provide global thematic research in the Technology, Media and Telecoms (TMT) sectors. 

Our focus is on disruptive technologies: how will they unfold; which industries will be impacted; and who will be the ultimate winners and losers. 

Our aim is to help investors predict share prices and corporate executives stay one step ahead of the technology trends that are shaping their industry. 

We research technology investment themes in detail and then feed the results into a scorecard system to quantify the impact of several conflicting themes on individual stocks. 

Recent themes covered include internet TV, the Internet of Things, Big Data, Mobile payments, crowdfunding, artificial intelligence, the cloud, software defined networking and Generation Hashtag.

We cover the top 500 global TMT stocks by market capitalisation and several technology start-ups and pre-IPO companies too. 

In 2015, CM Research analysts outperformed the Bloomberg Benchmark Analyst Index - which measures how good analysts are at predicting stock prices - by 7.1%.

Thematic (Sector/Industry)

In this report, we predict which technology companies will be targeted over the next two years, who is likely to acquire them and why.Some of the investment themes driving these deals include artificial intelligence, the internet of things, MedTech, 3D printing, internet TV, virtual and augmented reality, robotics, cloud computing and the race between the US and China to dominate the next generation of advanced technologies.

In this report, we predict which technology companies will be targeted over the next two years, who is likely to acquire them and why.Some of the investment themes driving these deals include artificial intelligence, the internet of things, MedTech, 3D printing, internet TV, virtual and augmented reality, robotics, cloud computing and the race between the US and China to dominate the next generation of advanced technologies.

<ul>
<li>Launched four days ago, the Google Pixel phone has been generally perceived as overpriced and a me-too product. We disagree. The built-in Google Assistant app shows Alphabet's strong AI capabilities. Designed by Google and manufactured by HTC, the Pixel phone provides users with the most advanced Android experience.</li>
<li>Priced at the same level as iPhone 7 and Samsung's Galaxy S7, Alphabet believes Pixel has similar caliber. While some argue Pixel's hardware features do not match those of the iPhone…</li>
</ul>


Launched four days ago, the Google Pixel phone has been generally perceived as overpriced and a me-too product. We disagree. The built-in Google Assistant app shows Alphabet's strong AI capabilities. Designed by Google and manufactured by HTC, the Pixel phone provides users with the most advanced Android experience.
Priced at the same level as iPhone 7 and Samsung's Galaxy S7, Alphabet believes Pixel has similar caliber. While some argue Pixel's hardware features do not match those of the iPhone…


Alphabet: Pixel Phones Being Underestimated In Light of Its Strong AI and Samsung's Problems

United States

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related accessories. The Company also offers payment, digital content, cloud and advertising services. Apple Inc.'s customers are primarily in consumer, small & mid-sized business, education, enterprise and government markets worldwide.

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Apple (AAPL US)

Alphabet's Pixel Phones Received Excellent Reviews. Upside From Hardware Sales Not In The Price.

The Google Pixel phones will be available for sale starting from tomorrow US time. Over the past week and a half, professional reviews have...

Edison Lee, CFA

JAE (6807 JP) - One Week Risk

Japan Aviation Electronics (6807 JP) reports earnings October 26th.Parent NEC Corp (6701 JP) announced at the end of May that it would launch a...

Travis Lundy

Samsung (005930.KS) Galactic Nightmare

The current favourite sport of Samsung haters/iPhone lovers and even mobile communication “agnostics” is to create and spread jokes on the recent...

Amareos

Tech M&A Targets

In this report, we predict which technology companies will be targeted over the next two years, who is likely to acquire them and why.Some of the...

CM Research

Alphabet: Pixel Phones Being Underestimated In Light of Its Strong AI and Samsung's Problems

Launched four days ago, the Google Pixel phone has been generally perceived as overpriced and a me-too product. We disagree. The built-in Google...

Edison Lee, CFA

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