In today’s briefing:
- Superloop/Symbio’s Indicative Merger
- Symbio (SYM AU): Superloop’s Indicative Offer
- ATNI: Leveraging the Network
- Lam Research Corp: 4 Major Drivers That Can Lam Research to New Heights! – Financial Forecasts
- Fiserv Inc: Can The New AppMarket Offering For Financial Institutions Aid Revenue Growth? – Key Drivers
- Gaia, Inc. – Reports Continued Member Growth in a Seasonally Weak Quarter
- Maxlinear and Silicon Motion, Vicor and Monolithic Power and New Product Launches
- MicroStrategy: A Dilutive Share Issue Or Bitcoin Sale May Be Due
- Surge Leads $3.3m Seed Round of SG Cloud Security Firm
- AT&T Inc: Collaboration With Cherish Health & Other Developments
Superloop/Symbio’s Indicative Merger
- Broadband provider Superloop Ltd (SLC AU) has made an indicative Offer, by way of a Scheme, for cloud communication software outfit Symbio Holdings (SYM AU).
- Under the proposal, Symbio shareholders would receive A$1.425 (cash) and 2.14 new Superloop shares for each Symbio share held, for an implied price of A$2.85/share, a 20% premium to undisturbed.
- A four-week period of reciprocal exclusivity has been agreed to further progress the proposal.
Symbio (SYM AU): Superloop’s Indicative Offer
- Symbio Holdings (SYM AU) has disclosed a non-binding indicative proposal from Superloop Ltd (SLC AU) at A$1.425 cash per share and 2.14 SLC shares per SYM share.
- The implied offer price of A$2.85 per share is a 19.7% premium to the undisturbed price of A$2.38 per share. A 4-week reciprocal exclusivity period starts on 1 August.
- The offer is not close to being a knockout bid. Superloop states that it will progress the transaction on “a disciplined basis“, suggesting some risk towards a binding proposal.
ATNI: Leveraging the Network
- ATNI is in the last stretch of its capital expenditure spending plan and subscriber count is beginning to support the larger and faster network
- ATNI has grown the number of high-speed broadband and mobile customers, which is fueling the efficiency in the operating model.
- The transition away from wholesale wireless roaming to network management should further improve the operating structure of the business.
Lam Research Corp: 4 Major Drivers That Can Lam Research to New Heights! – Financial Forecasts
- Lam Research delivered a positive result and managed an all-around beat in the last quarter.
- Additionally, Lam Research experienced a decline in memory spending, particularly in the NAND segment, impacting its revenue concentration.
- Lam Research also announced its plans to advance India’s semiconductor workforce development goals.
Fiserv Inc: Can The New AppMarket Offering For Financial Institutions Aid Revenue Growth? – Key Drivers
- Fiserv delivered a positive result and managed an all-around beat in the last quarter.
- With the continued success of their market-leading cloud-based operating system, Clover, and the unified commerce offering, Carat, Fiserv expects future growth acceleration.
- Other growth areas include digital payments and digital banking, expansion in Latin America, and opportunities presented by the cloud-native core banking system, Finxact.
Gaia, Inc. – Reports Continued Member Growth in a Seasonally Weak Quarter
Gaia reported sequential revenue growth and increased member count during its seasonally weakest quarter.
Revenues were $19.8 million versus $20.7 million in 2Q22, but up sequentially.
Member count was up 8,000 to 774,500.
Maxlinear and Silicon Motion, Vicor and Monolithic Power and New Product Launches
- Last week the best show in semiconductors was the Maxlinear and SIMO merger news. I will catalog the entire saga and outline my thoughts on where things go.
- Before we talk about SIMO, let’s talk about Maxlinear’s acquisitions. MaxLinear acquired an asset in April 2020 that was almost the perfect fit.
- As Intel shed assets, they sold their home gateway platform, which makes the semiconductors that go in-home modems and routers.
MicroStrategy: A Dilutive Share Issue Or Bitcoin Sale May Be Due
- MicroStrategy is currently overvalued and has a potential downside of up to 75%, making it an unwise investment for Bitcoin exposure.
- Analyst at TD Cohen makes a bullish call on MicroStrategy as a Bitcoin play, but author disagrees.
- MicroStrategy (NASDAQ:MSTR) is set to release its second quarter earnings.
Surge Leads $3.3m Seed Round of SG Cloud Security Firm
- PingSafe, a Singapore-based cybersecurity firm, has raised US$3.3 million in a seed funding round led by Surge, the scale-up program of Peak XV Partners (formerly Sequoia Capital India & SEA). The round also saw participation from Tanglin Ventures and several angel investors.
- The company will use the fresh funds to expand its business across Southeast Asia and North America.
- Founded in 2022 by CEO Anand Prakash and CTO Nishant Mittal, PingSafe provides a cloud security platform that protects companies’ data and apps from cyber attacks.
AT&T Inc: Collaboration With Cherish Health & Other Developments
- AT&T delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat.
- The last quarter for AT&T showcased the company’s strong execution of its strategic vision, resulting in continued growth and progress toward its objectives.
- Their fiber business has also succeeded, substantially increasing AT&T Fiber net adds, driving higher penetration rates and broadband revenues.
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