Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Equity Bottom-Up

We can see that LINE is eagerly trying to grasp as many opportunities and challenges as it can, now that it has achieved a huge and stable user base on which it can leverage, especially in its four major markets (Japan, Taiwan, Thailand and Indonesia). All plans and projects sound interesting and exciting. However, let us not forget that execution risk is high for LINE, a company with a short track record and already with a number of failed acquisitions and divestments. It is probably trying to…

We can see that LINE is eagerly trying to grasp as many opportunities and challenges as it can, now that it has achieved a huge and stable user base on which it can leverage, especially in its four major markets (Japan, Taiwan, Thailand and Indonesia). All plans and projects sound interesting and exciting. However, let us not forget that execution risk is high for LINE, a company with a short track record and already with a number of failed acquisitions and divestments. It is probably trying to…

LINE (3938 JP) - Running Fast, But Is It Actually Getting Anywhere?

Amareos

Federico Bagiotti, CFA

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/028/076/original/ASSFN%20170615%20Amazon%20Table.png?1497521546" class="editor-image img-responsive" data-smartkarma-image-id="28076"></figure>Following our previous Market Insight on the so-called FANG stocks<a href="#_ftn1" target="_blank">[1]</a>, whose recent share price gyrations have attracted considerable investor attention, this time we narrow our focus and take a more in-depth look into the A<a href="#_ftn2" target="_blank">[2]</a> component of the mnemonic, Amazon - a company whose share price earlier this month touched the psychological USD 1,000 level.Without question Amazon’s stock price performance so far has been amazing. It has gained over 30% since the start of the year and is up more than…

Following our previous Market Insight on the so-called FANG stocks[1], whose recent share price gyrations have attracted considerable investor attention, this time we narrow our focus and take a more in-depth look into the A[2] component of the mnemonic, Amazon - a company whose share price earlier this month touched the psychological USD 1,000 level.Without question Amazon’s stock price performance so far has been amazing. It has gained over 30% since the start of the year and is up more than…

Asia and Global Semiconductor and Tech Research

Andrew Lu

<h2>Summary</h2><ul>
<li>Intel not happy with Microsoft: Intel implied Microsoft and Qualcomm are unlawful to infringe its instruction set architecture patents. At 2017 Computex, Qualcomm announced that <a href="https://www.smartkarma.com/entities/13002" target="_blank" data-smartkarma-citation="entities:13002:1">Asustek</a>, <a href="https://www.smartkarma.com/entities/2985" target="_blank" data-smartkarma-citation="entities:2985:1">HP</a>, and <a href="https://www.smartkarma.com/entities/13359" target="_blank" data-smartkarma-citation="entities:13359:1">Lenovo </a>would be the OEMs to develop notebooks powered by Snapdragon 835 mobile PC platform.</li>
<li>
Transmeta and Microsoft/Qualcomm are different: Transmeta is running the x86 emulation through its semiconductor hardware/firmware design to make sure Windows OS can understand it but Microsoft is running…</li>
</ul>

Summary
Intel not happy with Microsoft: Intel implied Microsoft and Qualcomm are unlawful to infringe its instruction set architecture patents. At 2017 Computex, Qualcomm announced that Asustek, HP, and Lenovo would be the OEMs to develop notebooks powered by Snapdragon 835 mobile PC platform.

Transmeta and Microsoft/Qualcomm are different: Transmeta is running the x86 emulation through its semiconductor hardware/firmware design to make sure Windows OS can understand it but Microsoft is running…


Challenges and Risks Ahead for Intel Part 3; New Addressable Market for Samsung and TSMC

Transport Sector, China and Asia-focused Research

Charles De Trenck

Thematic (Sector/Industry)

At some point centuries from now, we will not have money, salaries or single sovereign governments. We will have a variant of a Gattaca Society.  Short term, given that we have had no wars combined with ultra-lax money, the economic landscape has disfigured equity and bond valuations to the point where the pendulum has thoroughly swung to momentum over valuation. At same time many have been held hostage (or it’s been voluntary) and had to stay in markets.--&gt; Excellent recap slide presentation…

At some point centuries from now, we will not have money, salaries or single sovereign governments. We will have a variant of a Gattaca Society.  Short term, given that we have had no wars combined with ultra-lax money, the economic landscape has disfigured equity and bond valuations to the point where the pendulum has thoroughly swung to momentum over valuation. At same time many have been held hostage (or it’s been voluntary) and had to stay in markets.--&gt; Excellent recap slide presentation…

Public Relations and Social Media Manager, Dechert LLP

Peggy Heffner

Public Relations and Social Media Manager

Dechert is a global specialist law firm

Dechert LLP

Dechert is a global specialist law firm.
Focused on sectors with the greatest complexities, legal intricacies and highest regulatory demands, we excel in delivering practical commercial judgment and deep legal expertise for high-stakes matters.

Our work is widely recognized. We have 20 standout practices noted by Chambers Global, including global-wide rankings for arbitration, corporate investigations, anti-corruption, investment funds and life sciences. Named Antitrust Team of the Year, Chambers USA commends our “accomplished group” as “routinely sought after to handle some of the most significant litigation and transactions in the antitrust world.” 

In an increasingly challenging environment, clients look to us to serve them in ways that are faster, sharper and leaner without compromising excellence. We developed a first-of-its kind legal project management department, which uses technology, people and processes to drive efficiency and deliver value for our clients.

We are innovators. Dechert ranked #7 in the Financial Times’ Top North American Innovative Law Firms. Financial Times also recognizes us among the Top European Innovative Law Firms and highly commends World Compass, our marketing compliance service, which offers investment firms advice in more than 100 jurisdictions.

<ul><li>President Donald J. Trump issued an Executive Order on May 11, 2017 aimed at “Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure” (the “Order”).1  </li><li>The Order mandates federal governmental review of cybersecurity policies and practices in two distinct but related spheres: (1) the federal Executive Branch, which “operates its information technology (IT) on behalf of the American people,” and (2) “the owners and operators of the Nation’s critical infrastructure.”</li><li>The Order also addresses, generally, consumer cybersecurity issues by highlighting the need to promote an “open, interoperable, reliable, and secure internet” and grow and train a workforce skilled in cybersecurity.</li><li>Its primary purposes appear to be (1) collecting information the Administration believes it needs to formulate its cybersecurity strategies; and (2) identifying avenues of potential cooperation between the federal government and other entities that are central to preserving the nation’s security.  </li></ul>

President Donald J. Trump issued an Executive Order on May 11, 2017 aimed at “Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure” (the “Order”).1  The Order mandates federal governmental review of cybersecurity policies and practices in two distinct but related spheres: (1) the federal Executive Branch, which “operates its information technology (IT) on behalf of the American people,” and (2) “the owners and operators of the Nation’s critical infrastructure.”The Order also addresses, generally, consumer cybersecurity issues by highlighting the need to promote an “open, interoperable, reliable, and secure internet” and grow and train a workforce skilled in cybersecurity.Its primary purposes appear to be (1) collecting information the Administration believes it needs to formulate its cybersecurity strategies; and (2) identifying avenues of potential cooperation between the federal government and other entities that are central to preserving the nation’s security.  

Trump Executive Order Addresses Executive Branch, Critical Infrastructure Cybersecurity

United States

Meta Platforms Inc. operates as a social technology company. The Company builds applications and technologies that help people connect, find communities, and grow businesses. meta Platform is also involved in advertisements, augmented and virtual reality.

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Meta Platforms (Facebook) (META US)

LINE (3938 JP) - Running Fast, But Is It Actually Getting Anywhere?

We can see that LINE is eagerly trying to grasp as many opportunities and challenges as it can, now that it has achieved a huge and stable user...

Pelham Smithers Associates

Is Amazon Still Amazing?

Following our previous Market Insight on the so-called FANG stocks[1], whose recent share price gyrations have attracted considerable investor...

Amareos

Challenges and Risks Ahead for Intel Part 3; New Addressable Market for Samsung and TSMC

Summary Intel not happy with Microsoft: Intel implied Microsoft and Qualcomm are unlawful to infringe its instruction set architecture patents. At...

Andrew Lu

Mark Zuckerberg and the Gattaca Society

At some point centuries from now, we will not have money, salaries or single sovereign governments. We will have a variant of a Gattaca Society....

Charles De Trenck

Trump Executive Order Addresses Executive Branch, Critical Infrastructure Cybersecurity

President Donald J. Trump issued an Executive Order on May 11, 2017 aimed at “Strengthening the Cybersecurity of Federal Networks and Critical...

Dechert LLP

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