A brief look at the results of Microsoft and Amazon I endeavor to comment, at least briefly, regarding the results of many of the company’s in our portfolio when they report their results. Occasionally when earnings bunch up that isn’t feasible but given the size of Microsoft and how its results set an overall tone…
Let me say at the start-I was wrong. Whether or not my analysis would have been correct if the facts were as I had thought/read, I will never know. But the fact is that Project Xi availabilities haven’t changed since the last time I checked in with the IR Director. The Bloomberg “news story” on…
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I don’t like recommending to subscribers to trim core positions. I am basically a buy and hold growth investor. When I look back on the performance of my own hedge fund, much of it was built on finding decent names and sticking with them, despite some operational stumbles. But I do think it would be…
Alteryx shares have been under pressure this week and are not bouncing today. As most of our subscribers know, we have recommended Alteryx shares for quite some period. We still do. While nothing has been published by an analyst, we expect that the underperformance of Alteryx shares is a function of the announcement by Tableau…
Atlassian announced earlier today that it was selling what will be $1 billion of convertible notes. The interest rate has been set at 0.625% and the conversion price is $81. 52, a premium of more than 47% as I write this. As is typical in these transactions, the underwriters are providing the company with capped…
SAP earnings; Box lauded at the Sohn Conference; Whale Rock Capital takes 6% position in Alteryx shares I received several questions yesterday regarding Box. The shares spiked yesterday-up by 11% at the close and look to be opening a bit higher this morning. The spike came in the wake of a prominent hedge fund manager’s…
Pivotal, a venture owned by Dell/EMC, but with a strong commercial relationship with VMWare as well, went public on Friday. The results of the IPO process, compared to other recent IPO’s, was quite muted, with the shares advancing less than 5%. The IPO featured a two-tiered share structure with the buyers receiving shares with very…
Yesterday, Atlassian reported the results of its fiscal Q3. For many companies, the results that were reported would have been considered exemplary. Revenues grew by almost 40% and beat prior estimates by about 3%. The company’s new customer count was at a record level of 6600, a substantial sequential increase. The company beat its non-IFRS…