Christopher Lowe var tidigare teknologianalytiker på Morgan Stanley och skriver dagligen ett TMT (tecknology, media, telecom)- morgonbrev.
BT: ITS SAD TO SEE THE DEMISE OF THIS GREAT NAME – BUT THE WEEKEND PRESS FOCUSED ON HOW BAD MORAL IS, WITHIN THE TELCO GIANT & APPARENTLY THE CUTS ARE GOING FAR DEEPER THAN THE 13,000 FIRST ENVISAGED.
ON THE DEAR LEADER – WHO IS ALSO GETTING THE CHOP….ALOT OF PEOPLE I NEW IN CORPORATE WORLD HAVE OFTEN BE-MOANED THE TERRIBLE LEADERSHIP OF GP (CEO) & THAT THIS IS LONG OVERDUE.
# DESPITE BEING SUCH A BASKET CASE ..any acquiring company that can free itself of BT’s £11bn pension deficit obligation might inherit a nice little monopoly over Britain’s internet.
# LAST WEEK.. CEO GAVIN delivered this sombre message by WEBCAM..
===> 12% of the entire workforce of 106,000 people, based in 180 different countries.
# It is one of the biggest rounds of corporate layoffs a British company has ever seen.
HIGHLIGHT OF THIS EXCELLENT DEEP DIVE: IS ONE INTERNAL COMMENT ON THEIR MAIN CSS TECHNICAL MAINFRAME – WHICH DRIVES MOST OF THEIR TECHNOLOGY
”It was old in 1998. You had to log in via a special terminal, via special text. No one has ever tackled it. Somebody new buying the company would just go, ’let’s scrap this piece of shit.'”
A BT OF A MESS… ONLY THE START OF ITS MEDICINE ME-THINKS. GREAT READ HERE:
APPLE: DESPITE THE RECENT SHARE PRICE ASCENDANCY ..APPLE are apparently going to make 20% less IPHONES in 2018.. shipping only 80m this year..according to the NIKKEI newspaper in JAPAN.
# CUSTOMER INERTIA / LONGER LEAD TIMES & DIFFICULTIES IN CHINA ARE ALL QUOTED AS PROBLEMS HERE..& apparently APPLE have asked suppliers to make -20% fewer components in 2018.
TOUGH TIME FOR THE BIG A.
ANT FINANCIAL: HIT LONDON TOWN THIS WEEK.. WITH BGTA..on the back of a $14bn FUNDRAISE … yep a WHOPPING $14BN & ITS ONLY A SERIES C ROUND/
# THIS IS BIGGER THAN THE ORIGINALLY RUMOURED AMOUNT OF $9BN & THE VALUATION IN THE RAISE IS AROUND $100BN, MAKING IT THE MOST VALUABLE FINTECH IN THE WORLD.
IN DA ROUND ?
# Singapore-based sovereign funds GIC & Temasek, Malaysian sovereign fund Khazanah Nasional Berhad, Warburg Pincus, Canada Pension Plan Investment Board, Silver Lake & General Atlantic.
# FOLLOWS THEIR $4.5BN SERIES B... in 2016.
# ANT POSTED A PROFIT OF $1.4BN in the last year, suggesting it is more than ready to make the leap to being a public firm.
RAKUTEN: ACQUIRE CURBSIDE
# CURBSIDE will continue to operate independently as a Rakuten-owned company.
# RAKUTEN will provide Curbside resources to accelerate their platform, scale globally help their partners tap into Rakuten’s sizable ecosystem.
# CURBSIDE SHARE RAKUTEN’s philosophy of empowering local merchants.
POINT OF SALE & IN STORE IS SUPER IMPORTANTO..
===> As consumers continue to flock to mobile commerce, retailers are in a position to leverage the huge investments that they’ve made in their physical stores to tap into digital growth. Combining Rakuten’s mobile properties with Curbside’s technology has the potential to enable brick-and-mortar restaurants and stores to give their customers an immediate, convenient way to let consumers order ahead and drive growth. Store operators armed with real-time information can provide great service to the growing number of mobile shoppers.