c**i
发帖数: 6973 | 1 http://en.wikipedia.org/wiki
/The_King_is_dead._Long_live_the_King.
In the left lower corner of the front page, today Financial Times (FT)
proclaims, "Taiwan's HTC has over taken Nokia in terms of market value,
highlighting a shift in the mobile phone industry as new entrants have
challenged the Finnish company's dominance. Credit rating agency Moody's on
Thursday cut Nokia's rating, citing its weakening market position and
uncertainty over its transition to Microsoft's Window Phone software. Report
, page 13.
(1) Robin Kwong, Smartphone Growth Helps HTC Surge Past Nokia in Market
Value. FT, Apr 8, 2011, p 13 (title in print).
http://www.ft.com/cms/s/0/78586c86
-6108-11e0-8899-00144feab49a.html
("HTC has become the third most valuable smartphone maker" aftrer Apple and
Samsung)
(2) A commentary in The Lex Column (p 12) of the same newspaper:
"HTC
"Remember Creative Technology? The Singaporean purveyor of digital music
devices was considered a leader in the field until it was pureed by Apple.
The company, now worth one-twelfth of its peak market capitalisation of S$2.
3bn six years ago, has printed losses for 16 of the 24 quarters since then.
"Its mistakes seem to have been noted by HTC of Taiwan, which is taking on
Apple--and others--in smartphones. Where Creative was scattergun, aiming at
a variety of market segments through MuVo and Zen brands, HTC hsa honed in
on the high end. Creative went big on features; HTC priotisedlooks over
function. It produced design-heavy handsets such as incredible, Desire and
Evolution. For an intrisically covetable product, this was the right way to
go. Most significantly, HTC hooked up early with a credible technology
partner: Google's Android operation system. Which is on course to take
almost two-fifths of the global smartphone market this year, according to
Gartner. Only Samsung can rival HTC's unit sales growth since 2007, in terms
of global handset share (from zero to 8.4 per cent). Analysts expect first-
quarter figures on Friday to beat management's guidance on almost every line.
"Only 3 of 738 Taiex companies have done better than HTC's 213 per cent
return over the past 12 months. This week its market capitalisation edged
ahead of fast-fading Nokia to $34bn; as recently as November 2007, the gap
between the pair was $150bn in the Finns' favour. Plenty of Challenges lie
ahead. Motorola recently launched the first tablet to run the new version of
Android, while HTC's debut tablet has not yet hit the shops. But for now at
least, as a case study in how to take a nibble out o apple, HTC could
hardly be bettered.
Note:
(a) In January 2011, market capitalization of Apple topped $300bn while
Samsung (listed at Korea Stock Exchange) was $145bn.
(b) Nokia
http://en.wikipedia.org/wiki/Nokia
(In 1865, Fredrik Idestam established a groundwood pulp mill in the town of
Tampere, southwestern Finland, and started manufacturing paper. In 1868,
Idestam built a second mill near the town of Nokia, fifteen kilometers (nine
miles) west of Tampere. Both mills were by (two different) rivers, as
source of hydropower production. In 1871, Idestam renamed and incorporated
the share company Nokia, at (town of) Nokia)
Quote: "Nokia, a public limited liability company, is the oldest company
listed under the same name on the Helsinki Stock Exchange (since 1915).[27]
Nokia’s shares are also listed on the Frankfurt Stock Exchange (since 1988)
and New York Stock Exchange (since 1994).
(c) HTC Corporation
http://en.wikipedia.org/wiki/HTC_Corporation
(宏達國際電子股份有限公司; formerly High Tech Computer Corporation; section
1 History)
It is well known in Taiwan that Cher WANG 王雪紅--born in 1958 and a
daughter of the second wife of once the richest and self-made plastics man
WANG Yung-ching/YC WANG 王永慶 (1917-2008) who had three wifes--stepped out
of the shadow of his father to start out in a totally different field 闖出一
片天: electronics. Her husband is General Manager Wenchi CHEN, VIA
Technologies 威盛電子公司總經理 陳文琦 (she is chairperson in both HTC and
VIA). Together the couple made the list of 2001 richest person(s) in Taiwan.
in Taiwan - The World's Billionaires 2011. Forbes, Mar 10, 2011.
http://www.forbes.com/wealth/billionaires/list?country=95
For Taiex, see Taiwan Capitalization Weighted Stock Index
http://en.wikipedia.org/wiki
/Taiwan_Capitalization_Weighted_Stock_Index
(d) Please take notice that HTC is listed in Taiwan Stock Exchange (TWSE) 臺
灣證券交易所. Until a few years ago, the acronym was TSE. The change was
made to avoid confusion with Tokyo Stock Exchange whose acronym was also--
and is--TSE.
TWSE stock prices tend to be a couple of bucks a share. So it is especially
unusual for a TWSE scompany to rival a company in other stock exchanges in
market capitalization.
(e) Armed with the news, you may appreciate the Acer board more.
Mark Lee and Janet Ong, Acer Sets Sights on Apple, HTC After HP Chase
Stumbles. Bloomberg, Apr 1, 2011.
http://www.bloomberg.com/news/2011-04-01/acer-sets-sights-on-ap
(Acer CEO "Gianfranco Lanci tried to make Acer Inc the world’s largest
laptop maker by outselling Hewlett-Packard Co. The board says he should have
set his sights on Apple Inc and HTC Corp instead") | c**i
发帖数: 6973 | 2 Sorry, I forgot this one.
Song Jung-a and Christian Oliver, Samsung Issues Gloomy Forecast. FT, Apr 8,
2011, p 16.
("paragraph 1: "Samsung Electronics on Thursday lowered its outlook for the
first quarter, saying that weak sales of televisions and flat panels will
reach a two-year low")
That is why Warren Buffet has had no desire to get into tech stocks. And when he did--possibly the only time (at urging of LI Lu?)--he may come out losing badly.
China's carmakers | Dream deferred; A Chinese car company carrying great expectations stalls. Economist, Mar 24, 2011.
http://www.economist.com/node/18441175?story_id=18441175
(In BYD "Mr Buffett seemed to have picked another winner." But * * *) |
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