2014 Tech Sector Outlook By Sean Udall
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PRESENTATION TITLE CONFIDENTIAL support@minyanville. com 212•991•6200 2014 Tech Stock Outlook Minyanville Media, Inc. 1
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On this presentation Sean Udal covers various topics such as FireEye (FEYE), the Security Super Cycle, IPOs, Wearables and top investing ideas for 2014. Sign up for a FREE trial to Sean Udal's TechStrat Report today! www.minyanville.com/techstrat Sean Udal is the Author of Minyanville’s TechStrat Report. Sean has 20+ years of experience in researching and trading technology stocks. Sean serves as CFO of Cre8tfutures LLC, a Technology Consulting firm specializing in disruptive market changes and strategy implementation. Follow Sean on Twitter: @UdallTechStrat
Transcript of 2014 Tech Sector Outlook By Sean Udall
PRESENTATION TITLE CONFIDENTIAL [email protected]
212•991•6200
2014 Tech Stock Outlook
Minyanville Media, Inc.
1
PRESENTATION TITLE CONFIDENTIAL [email protected]
212•991•6200
Our Special Guest: Sean Udall
Minyanville Media, Inc.
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• Author of Minyanville’s TechStrat Report.– www.minyanville.com/techstrat
• 20+ years of experience in researching and trading technology stocks.
• Formerly of: Morgan Stanley, Salomon Smith Barney.• Serves as CFO of Cre8tfutures LLC, a Technology
Consulting firm specializing in disruptive market changes and strategy implementation.
• Follow Sean on Twitter: @UdallTechStrat
PRESENTATION TITLE CONFIDENTIAL [email protected]
212•991•6200
04/13/2023Minyanville Media, Inc.
3Extended Outperformance?• Tech Advantages Still Hold:
– Outstanding revenue/earnings growth relative to valuation.
– Superior ROE in rising inflation world.– Upside Black Swan potential?
• Obstacles (look to the unexpected):– Macro is now good. What could hurt it? – Emerging bubble, potential worry.– Could cyber security breaches cause an ugly correction?
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Topics:1) Apple: 64-bit, touch ID, big screen coming, what else?
2) Wearables
3) FireEye & the security super cycle.4) M&A returned in 2013. Will it go into silly mode?
5) Emerging networking leaving the old guard behind?
6) IPOs – Square, Dropbox, and Palantir (OH MY!)
7) Top names into earnings, market call.
Bonus – Twitter followed Facebook home run. What’s next?
04/13/2023Minyanville Media, Inc.
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PRESENTATION TITLE CONFIDENTIAL [email protected]
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04/13/2023Minyanville Media, Inc.
5AAPL, Focus on the Forest?• Yes Indeed.
– More conviction in my “great disruptor is BACK” thesis.
– 64-bit + Touch ID = huge innovation lead. – Security/payments will come.– Market share gain thesis is underway. – Big screen iPhone is next key! – AAPL will assault digital marketplace and margins
could expand further.
PRESENTATION TITLE CONFIDENTIAL [email protected]
212•991•6200
04/13/2023Minyanville Media, Inc.
6 Wearables – My Vision• Google Glass has an early lead. But does
Apple pull an iPod on the industry?– Next secular consumer driver. – GOOG Glass should be great, but… – AAPL will probably start slow and gain share as
multiple products emerge. Discerning Markets? – Watch out for the Semi’s. SOX is in breakout mode,
wearables could be next secular driver. – I see 30-50% growth from medical devices for
years, AAPL will likely dominate this category.
PRESENTATION TITLE CONFIDENTIAL [email protected]
212•991•6200
04/13/2023Minyanville Media, Inc.
6FEYE and Security Super Cycle• Security Super Cycle – My thesis has
arrived– Next secular enterprise theme. – FireEye (FEYE): the next CSCO/AAPL? – Target security issue isn’t a Target issue. – This space is a playground for the disruptors. – PANW in the mix. But Palantir is likely the next
closest thing to FEYE. – FEYE has doubled - another coming.
PRESENTATION TITLE CONFIDENTIAL [email protected]
212•991•6200
04/13/2023Minyanville Media, Inc.
7 M&A Does it get Silly?• M&A saw strong gains last year. It seems
poised to accelerate. • Software will always be strong space –
TIBX/BSFT etc.? • Security – can incumbents sit back and do
nothing? • Network/Security Convergence – RVBD etc…
• Payments
PRESENTATION TITLE CONFIDENTIAL [email protected]
212•991•6200
04/13/2023Minyanville Media, Inc.
8 Emerging Networking leaving Old Guard behind?• CSCO… whoa is me!• JNPR has to do a deal. • CIEN sits in a very nice position – 100G and
beyond. • FFIV similar, in nice position in its respective
space. • GIMO/BLOX and XXIA entered the vertical. • M&A could/should see action.
PRESENTATION TITLE CONFIDENTIAL [email protected]
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04/13/2023Minyanville Media, Inc.
9 Let’s talk IPOs – Square, Dropbox and Palantir• Remember “FEYE is the next Splunk
(SPLK)”?• Square -- The next Visa/MA/PayPal? • Palantir – The next FEYE?• Dropbox – The next hmmm, hard to comp.• Yes, TWTR was 180 degrees different than FB
in early trading!!
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04/13/2023Minyanville Media, Inc.
10 Thoughts on Earnings Season/Market Call.• Bullish – AAPL, TWTR, FFIV and most
TechStrat portfolio names. • EBAY – Square coming so needs to be
“good enough” for potential big move. • Overall, Q1 EPS season is off to good start.
Better upside reports coming in next few weeks.
• My Market call is still big up/down move. 1998 as potential mirror.
PRESENTATION TITLE CONFIDENTIAL [email protected]
212•991•6200
04/13/2023Minyanville Media, Inc.
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Q&A/Thank you for attending!For information on subscribing to Minyanville’s TechStrat Report by Sean Udall, head to Minyanville.com/TechStrat today.
Follow Sean on Twitter: @UdallTechstrat
For a copy of this presentation, email us at [email protected].
