Alphabet: Larry Page to leave CEO-role

The US tech company Alphabet Inc. (NASDAQ: GOOG, GOOGL) has today announced that the CEO Larry Page will leave his role in the company management, but will stay in the Board. The change is effective immediately.

According to the company information Larry Page and Sergey Brin, the CEO and President, respectively, of Alphabet, have decided to leave these roles. They will continue their involvement as co-founders, shareholders and members of Alphabet’s Board of Directors.

– Sundar Pichai, the CEO of Google, becomes the CEO of Google and Alphabet. He will remain the CEO of Google, and assumes the role of managing Alphabet’s investment in its portfolio of Other Bets. Pichai will remain a member of Alphabet’s Board of Directors, the company says.

The company share closed up 0,46% to 1294,74 dollars in New York on Tuesday.

Business Finance Tech

The competition of 5G is increasing in US, Asia and Europe

The rollover in the 5G networks has become a hot topic in the US, China and Europe. The competition of the leadership is increasing due to the market situation, standard setting and regulation. The hyped 5G is getting also comments related to ethics and good governance.

The speculations of global leadership in the 5G networks have been increasing due to the tensions between the US China trade talks and issues related to Huawei. The Chinese tech company was placed to black list by the US authorities due to the security concerns. The company has repeated that this is not the case.

Many market analysts say that the growth of the 5G investments will see the same kind of path as did the 4G. Others think that the path will be different due to the different applications the 5G is made for like the business to business applications. All agree that this game-changing technology, the 4th industrial revolution, will make the business difference.

The leadership talks is now between the US and China. It is expected that the Chinese markets will invest in the new technology 218 billion dollars during the years 2020-2025. This estimate from the China Internet Report also states that there would be 460 million 5G connections by the end of 2025. China has maintained the political ambition in the new technology.

Europe is lacking behind the 5G development about one year due to the lack of spectrum and the lack of integrated EU-tech strategy.

-5G delays in Europe are not tied to the choice of technology vendor. Europe instead faces a series of structural problems that hinder 5G development.  Some structural reasons for Europe lagging behind were the lack of spectrum and a dangerous “wait and see” approach to 5G among some regulators and service providers. The biggest roadblock relates primarily to regulatory policies.  5G must be viewed as a critical part of European national infrastructures.  This is not the case today, the Swedish company says.

The international 5G competition is also a question of the global standard and standard setting which normally have been in the interest of the European companies as well. But it is also questions of the good governance as related to the big tech companies recently over privacy, personal information and security issues.

The US Qualcomm CEO Steve Mollenkopf said in the Bloomberg interview on Monday that he thinks China is trying to create that standard and he sees that it is not only the China that is interested of the standard but also the other Asian countries like South Korea and Japan.

Regarding the competition situation Mr Mollenkopf commented that the only way the 5G is to be implemented is to co-operate with Huawei. According to him, it is the only way to make the 5G live in the world although there are some geopolitical tensions.

This new technology, 5G with high internet speed, enable the development of future sustainable cities, industries and homes with smart applications related to artificial intelligence, iOT and virtual reality.

The new network is needed in order to effectively take care of the future needs related to driving, health and security issues for example. So, it is also a question of confidence, trust.

There are different companies in the 5G supply chain to gain from the new technology. The network suppliers, semiconductors, mobile phone manufacturers and other vendors play a vital role in the development. For example one of the mobile phone makers, the US Apple, has said earlier that their 5G phones will be available in the late 2020.

For tech stock investments follow for example these companies for more information of the development: Apple (AAPL), Verizon (VZ), AT&T (T), Qualcomm (QCOM),  Alphabet (GOOGL), T-Mobile (TMUS), Sprint, China Mobile (0941), China Telecom (0728), China Unicom (0762), China Broadcasting Network, Ericsson (ERIC) , Nokia (NOKIA), Huawei, Samsung (005930), NTT Docomo (9437).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Finance Tech

Brexit: Weekend elections – ECB rate cut? (corrected)

Corrected: the Conservative Party elections timetable

The Brexit situation in the UK will move forward when the Tories had their elections for the next Prime Minister and party leader. The markets are considering Boris Johnson the likely winner to place the former Prime Minister Theresa May. The other candidate is foreign minister Jeremy Hunt.

The next UK Prime Minister, which name will be published during the beginning of this week, will lead the country out of the EU block, with or without a trade deal by the October 31st.

In the UK the sterling has decreased to its lowest levels in 2 years. The FTSE 100-index is trading up 0,45 % to 7542,86 points today.

The financial markets have seen the global interest rate easing starting this time in Asia. For example the South Korea and Indonesia have lowered their interest rates last week. Now the expectations are for the US Fed and European Central Bank, which is having its next meeting on July 25th. According to Reuters, markets are waiting for a 10-basis point cut with 60 % chance.

During this week there will be also earnings releases from Facebook (FB) on Wednesday and Alphabet (GOOG) on Thursday, as well as Amazon (AMZN)

Business Finance

Google and Microsoft – new video game streaming

Both big tech companies, Alphabet (GOOG:US)  with Google and Microsoft (MSFT:US), are on their way to build new video game streaming services for their customers. Google has “Project Stream” as a beta-version and Microsoft “Project XCloud” service. The idea in both of the services is to enable customers easy and working access to video game streaming.

-Scaling and building out Project xCloud is a multi-year journey for us. We’ll begin public trials in 2019 so we can learn and scale with different volumes and locations. Our focus is on delivering an amazing added experience to existing Xbox players and on empowering developers to scale to hundreds of millions of new players across devices, Microsoft comments.

Tech side is also experiencing a new event from Apple. According to company news, Apple (AAPL:US)  is having a new event at the end of October, 30th October, in New York. It is expected to cover news related to iPads and Macs.

Tech stocks have been performing well this year in the Wall Street and according to Bloomberg, Google´s one year return has been 8,78 percent, Microsoft´s 42,07 percent and Apple´s 36,88 percent.

 

Lifestyle Tech