Industry Notes

This morning, the European Automobile Manufacturers Association released new car registration data from the region for the month of November, which was in line with typical MoM seasonal trends. Importantly, the data included ongoing healthy…

We think recent reports that privately held Verkada, a supplier of security hardware, such as video cameras, access controls, environmental sensors, alarms and intercoms, is set to raise $200mm in funding at a $4.5B valuation,…

On Thursday (12/5), the shares of Lyft (LYFT; $15.50; O/P) and Uber Technologies (UBER; $65.23; O/P) both traded down by ~10% after Waymo, a subsidiary of Alphabet (GOOGL; $174.31; NR), announced its Waymo One autonomous…

We checked retail prices on “Black Friday” (11/29) for hard disk drives (HDDs) and solid-state drives (SSDs), which we measure on a Dollar per Gigabyte basis ($/GB). Our checks suggested HDD retail prices are down…

On “Black Friday” (11/29), we checked prices on several popular full-HD (1080p) and 4K Ultra High Definition (UHD 2160p) LCD TV models from LG, Samsung and Vizio by pulling publicly available prices from OEM websites,…

Yesterday, the European Automobile Manufacturers Association released new car registration data from the region for the month of October, which was somewhat better than typical MoM seasonal trends. Importantly, registrations included some further healthy hybrid…

This week, we attended Vertiv Holdings’ (VRT; $144.63; NR) Investor Event in Atlanta, GA, where we sat in on presentations from CEO Giordano Albertazzi and CFO David Fallon. We also had the opportunity afterwards to…

The shares of Uber Technologies (UBER; $69.33; O/P) and Lyft (LYFT; $17.30; O/P) both traded down 5% today (11/18), on the heels of press reports that the incoming Trump Administration plans to create a set…

Our latest look at aggregate inventories up and down the supply chain after the recent CQ3 results season suggested further progress towards “normalizing” inventories, especially at electronics manufacturing service (EMS) providers. However, we recognize that…

We think the muted reaction in the shares of Uber Technologies (UBER; $77.79; O/P) and Lyft (LYFT; $13.81; O/P) over the past 36 hours to some important news on the “autonomous front” from Tesla (TSLA;…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of September, which was right around MoM seasonal patterns. Specifically, European vehicle registrations increased 48% MoM (~20% of…

Yesterday (10/17), Schneider Electric (SU.FR; €245.65; NR) announced an agreement to acquire a 75% interest in Motivair Corporation, a privately held company that specializes in liquid cooling and advanced thermal management, for $850mm. We think…

We think last week’s news that Hon Hai Technology Group (2317.TW; NT$199.00; NR), a/k/a Foxconn, plans to expand in Guadalajara, Mexico should be considered in the context of the decades of experience that North American…

We think Hewlett Packard Enterprise (HPE; $20.67; NR) provided some much needed “food for thought” last Thursday (10/10) during its AI Day about liquid cooling technologies where we have highlighted technical challenges tied to deploying…

We think the upcoming CQ3 EPS season for the technology supply chain can generally keep alive expectations for a broadening cyclical demand recovery in coming quarters, albeit one that may build less dramatically when compared…