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- Lots of big news tech out this week! Some key ones below. Check out my daily notes for more: zenanalyst.com/2018/06/08/tech-review-week-of-6-08-2018/
- ZTE resolution with the US government comes as a big relief to the market.
- PC sales strong as HP, Lenovo and Dell all reported, all reported share gains vs. smaller players. DRAM pricing continues to be a headwind for all 3.
- Many negative FB headlines this week, kicked off by NYT’s investigative piece demonstrating FB’s loose data policy. This should give users another reason not to trust the company, while investors should be concerned with the ethical culture created by management (like Uber).
- Google backs down from a DoD contract after backlash from employees, demonstrating the power of scarce tech talent. This may have led to a congressional investigation into Alphabet’s dealings with Huawei.
- MU is being investigated by Chinese authorities, likely another sign of increasing trade tension between China and the US.
- Softbank sells 51% of its ARM Holdings China operations to China-led group of investors, certainly getting ruffling some feathers @ congress.
- MSFT acquires Github for a cool $7.5 billion.
- A wealth of information form Apple’s 2018 Worldwide Developers Conference. Also, IDC data shows Apple dominating wearables.
- Warren Buffett and Jamie Dimon, in a joint interview, calls for the end of quarterly guidance.