Brightpoint shining bright
at 2005-12-04 19:51:28
CELL reported results ahead of expectations on both revenues and EPS. For those of you who do not know what CELL does, a quick introduction is in order: CELL is a distributor of handsets for various carriers throughout the world. CELL also distributes accessories for handhelds. CELL usually has great visibility into the end-market demand. Overall it seems as though handset demand remains strong
IBM spreads wings in India
at 2005-12-04 19:51:28
As I had speculated last week about IBM starting to do more acquisitions in India, IBM bought a small outfit in India fews days back. IBM has announced that it has acquired Network Solutions Pvt. Ltd., a Bangalore-based infrastructure services company. Network Solutions will allow IBM to augment its networking and managed services portfolio. Network Solutions seems to be a network implementation
Clarification on Huawei in India; ZTE wins at BSNL
at 2005-12-04 19:51:28
I had mistakenly stated that Huawei was banned by BSNL due to its alleged ties with the Chinese government. That information was incorrect and came from a reliable source. It has come to my attention that the reason BSNL has banned Huawei is that because Huawei had earlier failed to deliver equipment on previously won contract for 1.05M CDMA lines. BSNL just rewarded ZTE contract for 2.85M
Tech is well but US $ strength hurts
at 2005-12-04 19:51:28
TECD reported this morning with results ahead of expectations and above the high-end of mgmt guidance. Both Americas and EMEA were strong sequentially. Gross margin was little weaker due to mix of products and where the product was sold and internal issues. Guidance for January quarter is for growth of 4-7% sequentially and 5%-8% Y/Y, which is on top of US Dollar appreciating about 10% from last
More Cheer From Bridgewater
at 2005-12-04 19:51:27
I have written several times on this blog about the gloom and doom for the US that is predicted by a firm in Hong Kong called Bridgewater. Usually it is Stephen Gollop who comes on CNBC Asia but yesterday it was a chap named Martin Hennecke.
The bear/apocalypse case always sound more compelling and intellectual. Included in yesterday's interview was the word apocalypse. Show host Mark Laudi used the word twice, kind of tongue in cheek I thought, but Mr. Hennecke never tried to bring the reins on that one.
He had a couple of interesting nuggets of information that are worth knowing. He said that 63 units of debt need to be created to create one unit of GDP growth, this is dangerously high. The word unit was not defined.
He also said that the way inflation is calculated by the US government understates the problem and that GDP growth is actually negative when inflation is accounted
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