President

Thomas Coughlin

Coughlin Associates

Equity Bottom-Up

<p>Breaking up WDC into a separate HDD and flash memory businesses could create two viable storage companies, that over time will provide value to very different, but potentially symbiotic, uses.  The HDD business will become enterprise and especially data center focused, while an NAND flash business will seek to gain market share as a way to moderate and better survive the NAND flash boom/bust cycles.</p>

Breaking up WDC into a separate HDD and flash memory businesses could create two viable storage companies, that over time will provide value to very different, but potentially symbiotic, uses.  The HDD business will become enterprise and especially data center focused, while an NAND flash business will seek to gain market share as a way to moderate and better survive the NAND flash boom/bust cycles.

Potential WDC Breakup, Positive Implications

Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

<p>The Wall Street Journal today published a leak that Intel and SK hynix are in negotiations for SK hynix to acquire Intel's memory business.  This Smartkarma Insight analyzes such a sale to determine its feasibility.</p>

The Wall Street Journal today published a leak that Intel and SK hynix are in negotiations for SK hynix to acquire Intel's memory business.  This Smartkarma Insight analyzes such a sale to determine its feasibility.

Intel's Memory Business Sale.  Does It Make Sense?

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

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<p>As we head into earnings next week, we note attractive setups for Snap and Microsoft from data that came out this week, along with a very bullish presentation at Crowdstrike's user conference.</p>
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<p>Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.</p>
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As we head into earnings next week, we note attractive setups for Snap and Microsoft from data that came out this week, along with a very bullish presentation at Crowdstrike's user conference.




Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.




TMT Weekly:  3 Things that Stood Out The Week of 10/16/​​​​2020

Seagate Technology Holdings PL / Equity Bottom-Up

<p>Continued development of HDDs, particularly increasing storage capacity on HDD disks is the key to retaining a competitive advantage for HDDs over SSDs for mass storage in data centers.  Seagate’s CORTX open source object storage software, combined with their scalable Lyve Drive Racks and advanced HDDs could provide upside for Seagate selling into the high margin enterprise and data center markets.</p>

Continued development of HDDs, particularly increasing storage capacity on HDD disks is the key to retaining a competitive advantage for HDDs over SSDs for mass storage in data centers.  Seagate’s CORTX open source object storage software, combined with their scalable Lyve Drive Racks and advanced HDDs could provide upside for Seagate selling into the high margin enterprise and data center markets.

Seagate’s HAMR HDDs, CORTX and Lyve Drive Rack: Positive Enablers

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

<p>On September 22 last,  <a href="https://www.smartkarma.com/entities/western-digital-corp" target="_blank" data-smartkarma-citation="entities:1094:1" rel="noopener">Western Digital'</a> (WDC) issued a press release regarding their plan to create separate organizations for their HDD and SSD businesses. WDC's share price surged by more than 10% in the aftermath of the announcement, fueled by speculation that the company may take things one step further by creating two separate business entities entirely. We think this is not likely to happen. Here's why. </p>

On September 22 last,  Western Digital' (WDC) issued a press release regarding their plan to create separate organizations for their HDD and SSD businesses. WDC's share price surged by more than 10% in the aftermath of the announcement, fueled by speculation that the company may take things one step further by creating two separate business entities entirely. We think this is not likely to happen. Here's why. 

Western Digital. Spinning Out Either HDD Or SSD Divisions Makes No Sense.

United States

Western Digital Corporation is a global provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video. The Company's products include hard drives, solid-state drives, and home entertainment and networking products.

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Western Digital (WDC US)

Potential WDC Breakup, Positive Implications

WDC may be considering breaking up its HDD and NAND flash business. Find out how these separate businesses might fare on their own.

Thomas Coughlin

Intel's Memory Business Sale. Does It Make Sense?

The Wall Street journal today published a leak that Intel and SK hynix are in

Jim Handy

TMT Weekly: 3 Things that Stood Out The Week of 10/16/2020

Datapoints supportive of upside to earnings for Microsoft and Snapchat this past week, plus an ever expanding TAM justifies Crowdstrike's valuation.

Aaron Gabin

Seagate’s HAMR HDDs, CORTX and Lyve Drive Rack: Positive Enablers

Continued development of HDDs, particularly increasing storage capacity on HDD disks is the key to retaining a competitive advantage for HDDs over...

Thomas Coughlin

Western Digital. Spinning Out Either HDD Or SSD Divisions Makes No Sense.

On September 22 last, Western Digital' issued a press release regarding their plan to

William Keating

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Potential WDC Breakup, Positive Implications

WDC may be considering breaking up its HDD and NAND flash business. Find out how these separate businesses might fare on their own.

Thomas Coughlin

Intel's Memory Business Sale. Does It Make Sense?

The Wall Street journal today published a leak that Intel and SK hynix are in

Jim Handy

TMT Weekly: 3 Things that Stood Out The Week of 10/16/​​​​2020

Datapoints supportive of upside to earnings for Microsoft and Snapchat this past week, plus an ever expanding TAM justifies Crowdstrike's valuation.

Aaron Gabin

Seagate’s HAMR HDDs, CORTX and Lyve Drive Rack: Positive Enablers

Continued development of HDDs, particularly increasing storage capacity on HDD disks is the key to retaining a competitive advantage for HDDs over...

Thomas Coughlin

Western Digital. Spinning Out Either HDD Or SSD Divisions Makes No Sense.

On September 22 last, Western Digital' issued a press release regarding their plan to

William Keating

TMT Weekly: 3 Things that Stood Out The Week of 10/16/2020