Could a Dell no longer weighed down by the anchor of its original PC business carve out a new future of growth as an enterprise technology company?
That is the only conceivable rationale for a potential buy-out that has once again become a hot topic of conversation on Wall Street. But it will take a strong nerve to call the bottom at a time when Dell’s PC business looks to be in free-fall. Read more
There are few greater indignities for a tech company than to be sought out by investors chasing dividend yield. The industry was founded on growth: yield is for old-economy investors who can’t stomach the risk of investing in the next big growth markets.
So spare a thought for the PC world, which in remarkably short order has become the tech world’s high-yield haven. After years of talk about a post-PC future, the alarms are now sounding loudly: rather than growth, accelerating decline is assumed in Wall Street’s forecasts. Read more
Victory on the main issue raised in the US anti-trust investigation of Google – the charge of search bias – is likely to remove any self-imposed limits the company has observed while under intense regulatory scrutiny over the past two years (Google’s own response, hinting at more aggressive competition to come, certainly suggested as much.)
Another consequence, noted by former FTC official David Balto: Any hopes that rivals had about riding on the back of regulatory action to bring their own private lawsuits have been dashed.
But in the area of patents, at least, the concession Google has made to end a US anti-trust investigation could have wider ramifications. Read more
When Google launched its AdSense network to push advertising to third-party websites, it already had a massively successful advertising business on Google.com.
Facebook hasn’t reached that point yet – so it makes sense that it has pulled back from testing third-party advertising to get the basic product right first. Read more
The internet consumer loans company Lending Club has certainly attracted some big names to its board: former Morgan Stanley boss John Mack, internet analyst-turned venture capitalist Mary Meeker – and now Larry Summers, a former US Treasury secretary.
It’s all a sign that the barriers to consumer finance are crumbling for a new wave of start-ups, Mr Summers tells us. Read more