In today’s briefing:
- Taiwan Tech Weekly: Apple Unveils New AI Capabilities at WDC; PC Makers Feel the Love from Chip CEOs
- Core Scientific Rejects The CoreWeave Unsolicited Offer But What Value Could They Be Expecting? What Makes Them So Attractive? – Financial Forecasts
- Tech Supply Chain Tracker (12-Jun-2024): AI aids sustainability but poses environmental challenges.
- SmartRent Exploring A Potential Sale! – Strategic Expansion in Community WiFi Solutions & 3 Other Factors Making It An Attractive Acquisition Target! – Financial Forecasts
- Instructure Inc. – Special Report
- BigCommerce Holdings – Special M&A Report – What Valuation Can It Extract In The Event Of A Potential Acquisition? – Financial Forecasts
- Solid State: Compounding Shareholder Capital in Industries with High Regulatory Barriers to Entry
- DXC Technology Company – Special M&A Report – What Would Be A Fair Offer From Kyndryl & Apollo? – Financial Forecasts
Taiwan Tech Weekly: Apple Unveils New AI Capabilities at WDC; PC Makers Feel the Love from Chip CEOs
- Apple Announces New AI Features at WDC; Shares Surge to New All-Time Highs
- Top Movers: Major Computex Exhibitors See Share Prices Fall Despite Strong Presence
- Computex 2024: Chip Companies Notably Competing to Win PC Makers
Core Scientific Rejects The CoreWeave Unsolicited Offer But What Value Could They Be Expecting? What Makes Them So Attractive? – Financial Forecasts
- Core Scientific, a leading entity in the cryptocurrency mining and data center sector, has recently positioned itself as a pivotal player in the evolving digital infrastructure landscape.
- The firm reported robust financials for the first quarter of Fiscal Year 2024, showcasing significant growth and operational efficiency.
- Notably, Core Scientific rejected an unsolicited acquisition proposal from CoreWeave, an event that merits analysis concerning its impact on shareholder value and corporate strategy.
Tech Supply Chain Tracker (12-Jun-2024): AI aids sustainability but poses environmental challenges.
- AI technology is driving sustainability efforts while posing environmental risks, as discussed by Nvidia CEO Jensen Huang at London Tech Week 2024.
- AI is revolutionizing computing and task optimization through advanced PCs and architectures, with AMD CEO predicting its dominance in the future and emphasizing Taiwan’s crucial role in the tech industry.
- Google is investing $5 billion in expanding its Singapore Data Center and Cloud Region campus, Apple is introducing VisionOS for spatial computing, and the UK is seeking Taiwanese partnerships for high-tech collaborations, while also focusing on privacy with Apple Intelligence at WWDC.
SmartRent Exploring A Potential Sale! – Strategic Expansion in Community WiFi Solutions & 3 Other Factors Making It An Attractive Acquisition Target! – Financial Forecasts
- SmartRent has provided a noteworthy set of results for the first quarter of 2024, accompanied by the company’s initiative of exploring a potential sale.
- In the recent report, SmartRent disclosed a revenue for the quarter amounting to $50.5 million, with $12 million attributable to SaaS (Software as a Service) recurring revenue products, representing a year-over-year increase of 32%.
- This growth is largely driven by the scaling of total deployed units and new gains from cross-selling strategies, demonstrating an effective execution of their business and product expansion strategy.
Instructure Inc. – Special Report
- Instructure’s latest financial performance presents a nuanced picture for potential investors and acquirers, reflecting both strengths and challenges.
- The company, anchored by its market-leading Canvas Learning Management System (LMS) in North America, reported robust first-quarter results.
- Total revenue reached $155.5 million, marking a 20.7% year-over-year increase, with organic constant currency revenue growth at 6.8%.
BigCommerce Holdings – Special M&A Report – What Valuation Can It Extract In The Event Of A Potential Acquisition? – Financial Forecasts
- BigCommerce has made notable strides in improving its business model and focusing on efficient revenue growth, particularly in the first quarter of 2024.
- As expressed by the company’s CEO, Brent Bellm, and CFO, Daniel Lentz, on their latest financial results, BigCommerce reported a 12% year-over-year revenue increase to approximately $80 million.
- This growth combined with an adjusted EBITDA of just over $4 million, indicating a trajectory towards sustainable profitability.
Solid State: Compounding Shareholder Capital in Industries with High Regulatory Barriers to Entry
Solid State (SOLI) is a British electronics manufacturer and distributor specializing in mission-critical components and systems for industries with high regulatory barriers.
The founding families still lead the company, owning over 13% of outstanding shares. Since 2010, the CEO has driven annual sales and EPS growth of 18%.
Despite this strong track record, the shares trade at a normalized 7.3% owner earnings yield and an 11.1 adj. EV/EBIT.
DXC Technology Company – Special M&A Report – What Would Be A Fair Offer From Kyndryl & Apollo? – Financial Forecasts
- DXC Technology reported its financial results for the fourth quarter of the fiscal year 2024, displaying a mixed performance amidst challenging market conditions.
- Total revenue experienced a decline of 5% on a constant currency basis, outpacing expectations slightly but reflecting broader industry and economic challenges.
- The adjusted EBIT margin decreased by 50 basis points year over-year to 8.4%, indicating pressure on profitability despite efforts to optimize costs.
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