technology

 

 

 

Research Team Information

 

Senior Analyst

Enhao Li

 

Analysts

Giselle Cheung

Katherine Han

Prajakta Jaju

 

 

Research

 

Links to Articles

Industry Report

 

 

Email

 

Email the Technology team!

 

 

Technology Home

 

 

 

Consumer | Financials | Healthcare | Media | Technology | Back

 

 

 

 

articles compiled by SWS technology team - feb 2007

 

Go to: March 2007 | Feb 2007

 

quick links

 

 

2/28/07 - Adobe to take Photoshop online (news.com)

2/27/07 - Chips Wrap: Semiconductor Stocks Fall (Associated Press)

2/26/07 - Brightpoint and Dangaard Telecom to Merge (TMCNet, 2/23/07)

2/25/07 - Site Owners Mull Build-or-Sell Options (Associated Press)

2/24/07 - Dell Receptive To Customer Input, Could Reintroduce Linux (Information Week)

2/23/07 - Alcatel-Lucent Gains After Victory Over Microsoft (Bloomberg)

2/22/07 - A Google Package Challenges Microsoft (New York Times)

2/21/07 - Hewlett-Packard 1Q Profit Up 26 Percent (Associated Press)

2/20/07 - YouTube versus Big Media defines the Internet (itwire.com)

2/19/07 - Windows on the Mac changes everything (Fortune)

2/18/07 - After Its Founder's Return, Many Are Leaving at Dell (New York Times)

2/17/07 - Dow ends at record, scores best week since November (Reuters)

 

 

all articles

 

 

February 28, 2007

Prajakta Jaju

 

 

Adobe to take Photoshop online (News.com, 3/1/07)

 

Hoping to get a jump on Google and other competitors, Adobe Systems plans to release a hosted version of its popular Photoshop image-editing application within six months, the company's chief executive said Tuesday. (Click on link above for full article)

 

Summary/Commentary:

  • Adobe has recently announced that in hopes of beating other competitors like Google to the gun, it plans on releasing an online version of its popular Photoshop image-editing software. Adobe, like Microsoft, currently generate much of their business from selling packaged software that is installed locally on users' PC's. However, as online applications are gaining popularity and functionality, Adobe feels that it can make substantial gains by making to move online and taking advantage of revenue derived from advertising. It seems that the decision to go online was driven largely by consumer expectations and competition from Google Picasa. Adobe also faces the challenge of making sure Photoshop maintains its brand name status among professionals and the general public as well as ensuring that it is held to be of higher quality than other free alternatives, despite its being a low-end product.

 

Companies Involved (from Google Finance)

  • Adobe Systems Incorporated is a diversified software company  that offers a line of creative, business and mobile, software and services used by creative professionals...for creating, managing, delivering and engaging with content and experiences across multiple operating systems, devices and media." In December 2006, Adobe completed its acquisition of Macromedia, Inc and in April of 2006, the company acquired Trade and Technologies France. Its major competitors today include Microsoft, Vignetter, IBM, and Oracle. Adobe currently has a market cap of 23.1 billion and P/E ratio of 47.53, which is relatively high compared to that of its major competitors, indicating that the stock may be overpriced.

 

top

 

February 27, 2007

Katherine Han

 

Chips Wrap: Semiconductor Stocks Fall (Associated Press, 2/27/07)

 

Chip stocks retreated amid global market declines on Tuesday, following the biggest drop in a decade for Chinese stocks and widespread concerns that the economies of both the U.S. and China are cooling. (Click on link above for full article)

 

 

Summary/Commentary:

  • I looked specifically at SanDisk. Its stock price fell and its P/E ratio is higher than the industry's so it may be overvalued. It designs, develops and markets flash storage card products used in a wide variety of consumer electronics. Products include flash cards, Universal Serial Bus, or USB, flash drives and digital audio players. Today's range was 38.47 - 36.64 so lots of fluctuation.

 

Companies Involved (from Google Finance)

  • SanDisk Corporation (SanDisk) designs, develops, markets and manufactures products and solutions in a variety of form factors using its flash memory, controller and firmware technologies. The Company sources the vast majority of its flash memory supply through its significant venture relationships with Toshiba. SanDisk's products are used in a range of consumer electronics devices, such as digital cameras, mobile phones, Universal Serial Bus drives (USB) drives, gaming consoles, Moving Picture Experts Group Layer-3 Audio (MP3) players and other digital devices. Its products are also embedded in a variety of systems for the enterprise, industrial, military and other markets. Flash storage allows data to be stored in a compact format that retains the data for an extended period of time after the power has been turned off. On January 13, 2006, SanDisk acquired Matrix Semiconductor, Inc. On November 19, 2006, the Company acquired msystems, Ltd., an Israeli-based semiconductor company.

top

 

February 26, 2007

Giselle Cheung

 

Brightpoint and Dangaard Telecom to Merge (TMCNet, 2/23/07)

 

Brightpoint, a U.S.-based distributor of wireless products, is reportedly ready to acquire Dangaard Telecom, a Europe-based distributor of wireless products, for about $300 million in a cash/stock transaction. (Click on link above for full article)

Summary/Commentary:

  • Brightpoint, Inc. (CELL), a American distributor of wireless handsets, plans to buy Dangaard Telecom, a European distributor of wireless products. Together, the company would serve 25,000 customer and provide 6% of the world's wireless handsets. Brightpoint appears to be expanding its global markets: at the end of 2006, Brightpoint purchased CellStar's Latin American and U.S.-based operations. In October 2006, Brightpoint acquired Trio Technologies, a producer of wireless system integration tools. These two strategic moves, combined with the company's most recent merger plan, may indicate that Brightpoint plans to expand its mobile wireless products division and build a global client base.

Companies Involved (from Google Finance)

  • Brightpoint, still running on momentum from its forthcoming merger with Europe-based Dangaard, ended .10 points higher on the day. Brightpoint's major competitors include CellStar Corporation, a wireless handset distributor based out of Coppell , Texas , and InfoSonics Corporation, a provider of wireless terminal solutions for manufacturers like Nokia, Motorola, and Samsung. The company's P/E ratio ( 25.01) is roughly the same as the industry average (25.42), thus this stock is most likely neither overvalued or undervalued. However, Brightpoint's price to sales ratio at 0.31 and price to book ratio of 1.82 are both lower than the telecom's industry averages of 5.23 and 3.78 respectively. This is a strong sign for Brightpoint, as it indicates that the company may be undervalued.

top

 

February 25, 2007

Enhao Li

 

Site Owners Mull Build-or-Sell Options (Associated Press, 2/25/07)

 

PALO ALTO, Calif. (AP) -- As Facebook.com's mastermind, Mark Zuckerberg is sitting on a potential gold mine that could make him the next Silicon Valley whiz kid to strike it rich. But the 22-year-old founder of the Internet's second largest social-networking site also could turn into the next poster boy for missed opportunities if he waits too long to cash in on Facebook Inc., which is expected to generate revenue of more than $100 million this year. The bright outlook is one reason Zuckerberg felt justified spurning several takeover bids last year, including a $1 billion offer from Yahoo Inc... (Click on link above for full article)

top

 

February 24, 2007

Prajakta Jaju

 

Dell Receptive To Customer Input, Could Reintroduce Linux (Information Week, 2/22/07)

 

Could the world once again see Linux desktops and notebooks from Dell? Anything is possible, now that the build-to-order computer maker is once again listening closely to its customers. Erosion in customer service was a key contributor to Dell's slowing revenue and declining market share the last couple of years. Michael Dell who ousted Chief Executive Kevin Rollins last month to take over as CEO of the company he founded, has vowed to "fix the consumer experience," fully aware that the company's success in the past hinged on keeping buyers happy during and after the sale... (Click on link above for full article)

top

 

February 23, 2007

Katherine Han

 

Alcatel-Lucent Gains After Victory Over Microsoft (Bloomberg, 2/23/07)

 

Shares of Alcatel-Lucent rose 2.6 percent after a U.S. federal jury ruled that Microsoft Corp. must pay the French company $1.52 billion for using digital music technology without permission... (Click on link above for full article)

top

 

February 22, 2007

Giselle Cheung

 

A Google Package Challenges Microsoft (New York Times, 2/22/07)

 

Google is taking aim at one of Microsoft 's most lucrative franchises. On Thursday, Google, the Internet search giant, will unveil a package of communications and productivity software aimed at businesses, which overwhelmingly rely on Microsoft products for those functions... (Click on link above for full article)

top

 

 

February 21, 2007

Enhao Li

 

Hewlett-Packard 1Q Profit Up 26 Percent (Associated Press, 2/20/07)

 

Hewlett-Packard Co.'s first-quarter profit jumped 26 percent as the company benefited from higher sales of laptop computers, printers and printing supplies during a robust holiday spending season... (Click on link above for full article)

top

 

February 20, 2007

Prajakta Jaju

 

YouTube versus Big Media defines the Internet (itwire.com, 2/20/07)

 

While many liken YouTube and MySpace as being sort of brothers in arms, birds of a feather bringing free content to the masses, there is a stark difference. One is owned by a large old media player and the other is owned by the world's biggest new media company. This difference is highlighted in the approach of both sites to protecting the copyright of content providers and defines a looming war over the distribution over the Internet... (Click on link above for full article)

top

 

 

February 19, 2007

Katherine Han

 

Windows on the Mac changes everything (Fortune, 1/22/07)

 

The kind of software sold by the formidable Parallels is transforming computing and challenging Steve Jobs, says Fortune's David Kirkpatrick. The lines between the Mac OS and Windows are starting to blur. And that portends major changes going forward in the world of PCs. At MacWorld, a little company called Parallels won awards for the latest version of its hit product, which enables you to run both operating systems at the same time on a Macintosh. It's a major breakthrough... (Click on link above for full article)

top

 

 

February 18, 2007

Giselle Cheung

 

After Its Founder's Return, Many Are Leaving at Dell (New York Times, 2/17/07)

 

Two weeks after he returned to run the computer company that bears his name, Michael S. Dell is making sweeping senior management changes. The company announced yesterday that it had hired Ronald G. Garriques, a Motorola executive vice president in charge of that company's mobile devices division, to run Dell's global consumer division... (Click on link above for full article)

top

 

 

February 17, 2007

Enhao Li

 

Dow ends at record, scores best week since November (Reuters, 2/16/07)

 

The Dow Jones industrial average posted its best week since November on Friday, helped by optimism about merger activity and reassuring comments about inflation from Federal Reserve Chairman Ben Bernanke... (Click on link above for full article)

top

 

 

© 2010 Smart Woman Securities.  All rights reserved.  Smart Woman Securities™ and SWS™ are trademarks of Smart Woman Securities.

 Home  | Terms of Use  | Contact Us