The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Cashflow still healthy in IT sector =>
Gartner predicts increase in IT spending despite economy — highlights new trends
In a turbulent economy, conventional wisdom would call for reducing costs — not accelerating them. However, according to research and consulting company, Gartner, worldwide IT spending will total a whopping $4.6 trillion in 2023, a 5.1% increase from 2022.
Also, per Gartner surveys, 69% of CFOs plan to increase spending on digital technologies and CIOs are being directed to accelerate time to value on digital investments.
This indicates that, in response to economic turmoil, many enterprises continue to push forward with digital business initiatives, the firm says.
gotta have to understand the portfolio inclusion but I really like that they are continuing on expanding and putting the IPO proceeds to use (which is the only reasonable use for an overpriced IPO for me as an investor)
Agree, its an interesting case study. Financial Times was eager to report a one week delay of the FY21 report release but is not so eager to report a conclusion of the FY21 report or Rubio's request to review of Alphawave's acquisition of OpenFive etc. Guess after not identifying the next Wirecard, Mr. Wigglesworth from the Financial Times lost his interest and is looking for other carreer opportunities ... providing articles for market participants with certain interests must be a lucrative business.
Since the Marvell founder bought at a near perfect price... It looks that all is coming together as planned for a few people. I always liked following director dealings.
Read a bit more of simplywall.st "reports" and you'll see, that it is just written for the purpose of writing something. Would you - to give an example- value such a company with a ROE measurement?
I go with Brattus22's reasoning: solid maket maniuplation - but this is how it works; few years ago a took the time to analyze all known Cerberus deals: my concluation was that they only made money when the were able to use their (political) network for their advantage; haven't read the whole FY21 report but I'm so far convinced from the actions of AWE's leadersthip team ans since it took many years for ARM to gain traction on the market I'm relexed . Enjoy your weekend.
For all interested: https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/semiconductor-industry-outlook.html