|Bid||21.35 x 4000|
|Ask||21.59 x 1000|
|Day's Range||21.38 - 21.58|
|52 Week Range||18.06 - 27.08|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||8.65|
|Earnings Date||Aug 21, 2019 - Aug 26, 2019|
|Forward Dividend & Yield||0.64 (3.00%)|
|1y Target Est||23.22|
Some of the product news from last week were about Apple services and iPhones, Facebook Oculus, Intel's 5G patents and Amazon's satellites.
China released its second-quarter GDP report today. The country’s GDP expanded 6.2% in the second quarter, marking its slowest growth since 1992.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Personal computer sales grew slightly in the second quarter, as companies tried to get more products out of China before more tariffs hit, combined with a better supply situation from Intel Corp.
Worldwide PC demand grew more than expected in the second quarter, propelled in part by a phasing out of support for Microsoft Corp.'s Windows 7 operating system, according to research firm International Data Corp. Sales of PCs rose 4.7% to 64.9 million units from the year ago quarter as supply shortages eased, IDC said. "With the January 2020 end of service (EOS) date for Windows 7 approaching, the market has entered the last leg of the Windows 7 to Windows 10 commercial migrations," said Linn Huang, IDC research vice president, in a statement. According to IDC, market share was 25.1% for Lenovo Group Ltd. , 23.7% for HP Inc. , 17.9% for Dell Technologies Inc. , 6.6% for Acer Group, and 6.3% for Apple Inc. . Earlier Thursday, research firm Gartner reported a 1.5% rise in PC sales to just under 63 million units but Gartner does not include Chromebooks that run on Alphabet Inc.'s operating system. Like IDC, Gartner attributed Windows 10 as a catalyst for growth.
Global personal computer shipments rose 4.7% to 64.9 million in the second quarter on improved supply for Intel Corp. processors and moves by some PC makers to ship a surplus of products with a threat of increased tariffs, market researcher IDC Corp. said Thursday. Lenovo Group Ltd., HP Inc. , Dell Technologies Inc. , Acer Group, and Apple Inc. comprised the top five PC sellers.
(Bloomberg) -- Worldwide shipments of personal computers increased 1.5% in the second quarter, fueled by businesses upgrading to the latest Windows software from Microsoft Corp. China-based Lenovo Group Ltd. held the No. 1 spot over U.S. rival HP Inc. amid a trade war between the two countries.PC shipments increased to 63 million units in the period ended June 30 from 62 million in the quarter a year earlier, researcher Gartner Inc. said Thursday in a report. Robust corporate demand offset a decline in notebook shipments, Gartner said. Lenovo shipped almost 16% more PCs year-over-year, giving the company a quarter of the global market.Industry research firm IDC estimated PC shipments climbed 4.7% in the most recent period, with vendors putting out 65 million devices worldwide."The threat of increased tariffs led some PC makers to ship a surplus of desktops and notebooks, thereby artificially propping up the PC market during the second quarter," said Jitesh Ubrani, a research manager at IDC.Computer makers have struggled to navigate global trade tensions. They already operate with low profit margins, and many of them have shuffled their supply chains in response to U.S. tariffs on some components. Dell Technologies Inc. and HP are reportedly considering moving 30% of their notebook production out of China.Dell came in third place in the global PC race, with 17% of the market after HP’s 22%. Apple Inc.’s PC shipments narrowly declined in the most recent period, and the company held the fourth spot with about 6% of the market.(Updates with estimates from IDC in third paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Global PC demand grew in the second quarter of 2019, reversing two quarters of declines, according to research firm Gartner late Thursday. Worldwide sales of PCs rose 1.5% to just under 63 million units in the second quarter as businesses refreshed computers because of demand for Microsoft Corp.'s Windows 10 operating system. "Additionally, there are signs that the Intel CPU shortage is easing, which has been an ongoing impact to the market for the past 18 months," said Mikako Kitagawa, senior principal analyst at Gartner, in a statement. Market share was 25% for Lenovo Group Ltd. , 22.2% for HP Inc. , 16.9% for Dell Technologies Inc. and 5.9% for Apple Inc. , Gartner said.
I enjoyed Jurek Martin’s obituary of Ross Perot (“ Independent with best run at presidency in 80 years ”, July 10), particularly the final phrase about his being “just such a passing comet”. However, I ...
H. Ross Perot, the colorful self-made Texas billionaire who twice ran for president, has died at 89.
The entrepreneur died Tuesday at the age of 89. His success in business and philanthropy didn’t extend to reshaping public policy or how Wall Street operates.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Resurgent tensions between Japan and South Korea threaten to wallop chipmakers from Samsung Electronics Co. to SK Hynix Inc., upsetting a carefully choreographed global supply chain by smothering the production of memory chips and other components vital to widely used devices.As the world fixates on Donald Trump’s campaign to contain Huawei Technologies Co. and China’s ambitions, a concurrent dispute between Beijing’s two richest neighbors also has far-reaching implications for the production of everything from Apple Inc. iPhones to Dell Technologies Inc. laptops. The industry is now scrambling to gauge the fallout after Japan -- citing longstanding and unresolved tensions -- slapped restrictions on exports to Korea of three classes of materials crucial to the production of semiconductors and cutting-edge screens.That maneuver, the most recent manifestation of decades of war-time tensions, places Samsung at the center of a firestorm and again underscores the global nature of the production machine that cranks out most of the world’s gadgets. Not only does it make memory chips, but Samsung is also the biggest producer of smartphones.Korea’s largest company has lost about 16 trillion won ($13 billion) in market value this month through Monday, while Hynix has shed 1.5 trillion won. The two companies -- which together account for 60% of the world’s memory chip-making capacity -- declined to comment.While inventory levels differ across each material, Samsung has under a month’s worth of supply on average, according to people familiar with the matter. Samsung and SK Hynix are busily sourcing alternatives, the people said, asking not to be identified talking about a sensitive political issue. The two Korean giants assured clients they would try to minimize the impact on output, but Samsung, for one, is bracing for potential production cuts or even stoppages should the situation persist, the people said.That’s why the Korean conglomerate’s de facto leader, Jay Y. Lee, hopped on a jet to Tokyo over the weekend for emergency meetings with Japanese suppliers. It’s unclear how deeply felt the impact might be -- much depends on whether Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-In can work out a compromise. But in a worst-case scenario, flexible screens for iPhones and other mobile devices could sputter, while memory chips used in everything from HP Inc. notebooks to Amazon.com Inc. servers could dwindle.“This is an unprecedented event,” said Jongjun Won, chief executive officer at Lime Asset Management Co. “If it’s lucky, the chip industry may be able to adjust inventories. There could be a happy ending if the Japan issue gets resolved in the meantime. However, the intertwining of politics and business is making it difficult to find a solution.”The dispute has spilled over into social media. South Koreans, angered by Japan’s move, have taken to Instagram and other platforms to call for boycotts of Japanese travel and consumer products.Japan’s targeting a trio of materials that, while little-known outside of the industry, is profoundly important for electronics production. The government says they also have sensitive military applications. Within the tech sector, fluorinated polyimide is required for the production of foldable panels -- such as those used in Samsung’s Galaxy Fold -- among other things. Photo-resists are key to chipmaking, while hydrogen fluoride is needed for both chip and display production.Finding substitutes won’t be easy: Korean corporations now depend on Japan for over 90% of all the fluorinated polyimide and resists it needs, and 44% of its hydrogen fluoride requirements, Societe Generale estimates. Ironically, if the dispute drags on, Japanese suppliers of those chemicals -- companies from JSR Corp. to Shin-Etsu Chemical Co. that comprise a small but inextricable link in the chain -- could take a hit as well.“This could be a negative factor for the world economy,” Huh Nam-Kwon, CEO at Shinyoung Asset Management Co, said by phone. “All we need to do is wait and see how the situation goes. Just one word from Abe could decide anything. It’s hard to predict.”The most significant impact will be on Samsung’s next-generation products: foldable displays as well as chips of 7 nanometer line-widths or less that’re made via the so-called extreme ultra-violet (EUV) process. That puts at risk Samsung’s express goal of investing $116 billion to become the No.1 in the logic chip business by 2030. Without Japan’s materials, Samsung may be hamstrung in efforts to develop an EUV-based foundry business and in advanced memory chipmaking.Their rivals may step in to fill that gap in the interim. Micron Technology Inc., the only other memory chip maker of significance, stands to benefit. Taiwan Semiconductor Manufacturing Co. could further widen its lead over Samsung when it comes to made-to-order chips, vying for Samsung customers like Qualcomm Inc. and Nvidia Corp.“There will be considerable impact on both sides,” said Heungchong Kim, a senior research fellow at the Korea Institute for International Economic Policy. “Those materials are not something that can be replaced in a short period. This is becoming a weird situation.”The situation may worsen if Japan removes South Korea from a so-called “White List” of countries treated as presenting no risk of weapons proliferation, a move Tokyo is now considering.Japan and Korea have traditionally turned to the U.S. to mediate in their clashes, but it’s unclear this time if Trump is keen to step into the fray. Compounding the situation are the basic mechanics of the restrictions. While not a ban per se, would-be exporters of the affected materials need to obtain a license from the government. That could take up to 90 days -- an eternity for a fast-moving industry.There’s also disagreement by industry analysts over which corporations exactly will get hit hardest, in part because some Japanese firms have either localized production in South Korea or maintain plants in countries such as China.“In the near-term, we do not expect Korean companies’ major customers to move to other component vendors due to high switching costs and long qualification process times,” said J.J. Park, head of Korean equity research at JP Morgan. But “if there is a bottleneck due to a shortage of key materials resulting from Japan’s curb on export of materials, we can’t rule out potential market-share loss to their peers.”Japan’s Sumitomo Chemical Co. is a key supplier of polyimides, according to Taipei-based WitsView and Isaiah Research -- but company representatives deny it makes the material. IHS Markit analyst David Hsieh said in addition to Sumitomo Chemical, SKC -- like Hynix, an affiliate of the giant SK Group -- or Kolon Industries are viable local substitutes.JSR is a major resist producer, while the global hydrogen fluoride market is dominated by Kanto Denka Kogyo Co., Showa Denko KK and Daikin Industries Ltd., according to Taipei-based Isaiah Research. Resist manufacturer Tokyo Ohka Kogyo Co. said it already supplies South Korean customers locally. Daikin said the restrictions will have no impact on its hydrogen fluoride because the materials are made in China, while Morita Chemical Industries Co. is building a plant there that will go online next year.“While high levels of semiconductor inventory might provide some cushion, time may not be on Korea’s side,” Citigroup economists Jin-Wook Kim and Johanna Chua said in a recent note. “Displacing Korean chips would disrupt the supply chain because building alternative sources needs specific technology and sizable capex.”(Updates with analyst’s comments from the 18th paragraph.)\--With assistance from Heejin Kim, Yuki Furukawa and Isabel Reynolds.To contact the reporters on this story: Sohee Kim in Seoul at firstname.lastname@example.org;Debby Wu in Taipei at email@example.com;Pavel Alpeyev in Tokyo at firstname.lastname@example.orgTo contact the editors responsible for this story: Tom Giles at email@example.com, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Global consumer electronics makers HP, Dell, Microsoft and Amazon are all looking to shift substantial production capacity out of China, joining a growing exodus that threatens to undermine the country’s position as the world’s powerhouse for tech gadgets. HP and Dell, the world’s No 1 and No 3 personal computer makers, which together command around 40 per cent of the global market, are planning to reallocate up to 30 per cent of their notebook production out of China, several sources told the Nikkei Asian Review.