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Showing posts with label Trish Regan. Show all posts
Showing posts with label Trish Regan. Show all posts

Friday, 24 May 2019

China won't accept unequal trade deal

  https://youtu.be/nzhZGUfaZhI


China-U.S. trade tensions | Mideast tensions take turn for worse 
 
https://youtu.be/eQbQbvGBDaM

封杀华为 发难大疆 美滥用国家力量打压中国企业!| CCTV中文国际

https://youtu.be/dtT0rHgJ9-I


Growing US pressure won't force China to submit 


The US Department of Homeland Security warned that drones pose a potential information risk because they contain components that can compromise users' data and share information on servers other than users.

Since nearly 80 percent of the Unmanned Aerial Vehicle (UAV) drones in North America are produced by China's Dajiang Innovation (DJI), a Shenzhen-based company, analysts generally believe that tarnishing DJI's reputation may be laying the groundwork for taking actionsagainst DJI.

DJI is the world's largest producer of civilian drones and is said to control more than 70 percent of the world's civilian drone market. The drones it produces are not only good in quality but also cheap. Many products are under $1,000, so they are popular and increasingly versatile.

The US military is also a DJI drone user. The use of DJI drones by the US military has not completely stopped following the controversy over its information security. This shows that while the US has real concerns about the information security risks of DJI UAV , there is no real evidence to support such concerns.

The US Department of Homeland Security raised the issue of the information security risks of UAV to increase leverage and pressure on China after the US decision to cut off supplies to Huawei. It seems Washington is in a hurry to press China to make concessions and reach a trade deal at an early date beneficial only to the US.

The vast majority of users in the US use DJI drones in non-classified areas. The airspace over sensitive US institutions is closed to drones and there is another set of security measures that have nothing to do with the use of DJI drones in the US market. The prevention of forest fires, assistance with construction layouts, and the development of express delivery services to remote areas are obviously not the direction that intelligence agencies are aiming for. It is hard to believe that DJI has an incentive to engage in "intelligence activities" at the risk of being shut out of international markets.

The US is abusing the concept of national security. It is the US that was caught a few years ago spying on the leaders of its allies. It is now saying that Beijing's intelligence threat is everywhere. A big part of it is putting on a show. It may be partly because the US does install a lot of "back doors" into its electronic exports, Washington thinks other countries will do the same.

China will not fall into the trap to make unconditional compromises as Washington increases its pressure. If the US cracks down on Chinese companies, American consumers and suppliers will also suffer losses.

The US is having a profound effect on the global economic order by abusing national security and trampling on commercial principles. Current US administration is destroying the reputation and national image that generations of Americans have built. Such arrogance and hegemony are by no means good signs for the US..

Read more: 

US orchestrates self-defeating maneuvers

Chinese people do not know whether we should call US approaches hegemonic politics or profiteering politics. But in short, they are crooked means. The threat of tariffs will not work. Neither will US threats against Chinese companies create a shock wave against China. The US is picking a wrong opponent at a wrong time. It will find no way of crafting a good result from a strategic mistake.

https://youtu.be/QrSXTGDdgh8

世界级影响!封杀华为问题已超过中美经贸问题!美国沉不住气,特朗普后院起火!
  https://youtu.be/h7ACR5g-cKM

华为公开宣布主权!5G不再共享!所有工厂撤离美国,美股瞬间暴跌,特朗普全完了!


https://youtu.be/1rqJg_seI1s

https://youtu.be/r1DPqBtykWk

中國是世界上唯一的文明!
https://youtu.be/XixqLWWTeEw

"What China Will Be Like As A Great Power" : Martin Jacques Keynote (32nd Annual Camden Conference)


https://youtu.be/uBjvklYLShM
http://www.you-books.com/book/M-Jacques/When-China-Rules-the-World


Related post:

华为不惧美国封杀 美式霸凌失道寡助!Huawei's goodwill gesture being treated unscrupulously by the US ! 


Tuesday, 22 May 2012

Facebook Tumble, blame game begin !

Investors fault everything


Let the Facebook Inc. (FB) finger-pointing begin.



After one of the most anticipated initial public offeringsin history, Facebook’s 19 percent drop this week prompted investors to fault everything from Morgan Stanley’s role as lead underwriter, to the company’s greed and the Nasdaq Stock Market.

People walk by the Nasdaq stock market in New York, on May 18, 2012. Photographer: Spencer Platt/Getty Images
KSCA's Corbin on Decline in Facebook Shares  
May 22 (Bloomberg) -- Jeff Corbin, chief  executive officer of KCSA Strategic Communications, talks about the 19 percent decline in Facebook Inc.'s shares following the company's initial public offering. Corbin speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg) 

May 21 (Bloomberg) -- Paul Kedrosky, author of the Infectious Greed blog and a Bloomberg contributing editor, and Max Wolff, an analyst at Greencrest Capital Management, talk about trading in shares of Facebook Inc. Facebook fell below its $38 offer price in the second day of trading. Kedrosky and Wolff speak with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg) 

May 21 (Bloomberg) -- Darren Chervitz, research director for Jacob Funds, talks about Facebook Inc.'s stock price performance and the outlook for the social network firm. Facebook, the social networking site that raised $16 billion in an initial public offering, fell below its $38 offer price in its second trading day. Chervitz speaks with Trish Regan on Bloomberg Television's "InBusiness." (Source: Bloomberg) 

May 22 (Bloomberg) -- Bloomberg's Dominic Chu reports that after one of the most anticipated initial public offerings in history, Facebook’s 11 percent drop on Monday prompted investors to fault everything from Morgan Stanley’s role as lead underwriter, to the company’s greed and the Nasdaq Stock Market. He speaks on Bloomberg Television's "Inisde Track." (Source: Bloomberg) 

May 22 (Bloomberg) -- Cliff Lerner, chief executive officer of Snap Interactive Inc., talks about the impact of the drop in Facebook Inc.’s shares on Snap's stock. Lerner talks with Trish Regan on Bloomberg Television’s “InBusiness.” (Source: Bloomberg) 

The Facebook Inc. logo is displayed at the Nasdaq MarketSite in New York, on May 18, 2012. Photographer: Scott Eells/Bloomberg 

Facebook 11% Drop Means Morgan Stanley Gets Blame for Flop Enlarge image
A pedestrian walks past the share price for Facebook Inc. displayed at the Nasdaq MarketSite in New York, U.S., on Monday, May 21, 2012. Photographer: Scott Eells/Bloomberg
Facebook Inc. Chief Financial Officer David Ebersman, seen here, was the point person on the deal, while Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg weighed in on major decisions throughout the process, people said. Photographer: Tony Avelar/Bloomberg 

“It was like the gang that couldn’t shoot straight,” said Michael Mullaney, who helps manage $9.5 billion as chief investment officer at Fiduciary Trust in Boston. He said he placed Facebook orders for clients. “The underwriters mis- estimated what actual demand was, and there was pure execution failure coming out of the Nasdaq.”

Taking the most heat is Morgan Stanley, said Mullaney. The bank was lead underwriter among the 33 firms Facebook hired to manage the $16 billion sale of stock. The bank decided with Facebook executives to boost the size and price days before the May 17 IPO, ignoring advice from some co-managers, said people with knowledge of the matter, who declined to be identified because the process was private. Morgan Stanley (MS) talked with few of its fellow underwriters aside from JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) throughout the IPO, one person said.

“They overplayed the enthusiasm and probably just misread the atmosphere of the marketplace,” said Keith Wirtz, who oversees $15 billion as chief investment officer at Fifth Third Asset Management in Cincinnati and bought some stock in the IPO.

Blame Game


Facebook increased the number of shares being sold in the IPO by 25 percent last week to 421.2 million and raised its asking price to a range of $34 to $38 from $28 to $35. Had Facebook kept the original terms, investors may have had a better shot at a first-day pop. Instead, the stock was little changed in its debut because Morgan Stanley intervened to prevent it from falling below the IPO price.

The shares fell 8.9 percent to $31 at the close today, after an 11 percent drop yesterday.

Just days before Facebook raised the size and price of its IPO, the company began telling analysts to lower their sales forecasts, people familiar with the matter said. Morgan Stanley analysts were among those who cut their projections during the roadshow, said one person. The move also followed a May 9 filing in which Facebook said advertising growth hasn’t kept pace with the increase in users.

Investors Misled?

Some investors say they felt misled by the underwriters. According to one London-based fund manager who asked not to be named, bankers indicated demand was so strong that he placed a bigger order than he thought he would get, leaving him with 40 percent more Facebook shares than anticipated. He sold most of that stock on the first day of trading.

The decision to boost the price range reflected the demand in the market, said a person involved in the process. Michael DuVally, a spokesman for Goldman Sachs, and Pen Pendleton, a spokesman for Morgan Stanley, declined to comment. Jennifer Zuccarelli, a spokeswoman for JPMorgan, declined to comment. Underwriters didn’t say how great demand was.

Morgan Stanley and Facebook consider problems with Nasdaq OMX Group Inc.’s computer systems among the reasons for the IPO’s performance so far, according to people familiar with the matter. Nasdaq’s trading platform was overwhelmed by order cancellations and updates that made the stock-market operator unable to finish the auction required to open trading. The U.S. Securities and Exchange Commission said it will review the trading.

Nasdaq Software 


Nasdaq Chief Executive Officer Robert Greifeld said on a call with reporters on May 20 about the glitch that the opening delay “had no apparent impact on the stock price,” noting the share decline began after all brokers had received confirmation about their trades in the opening auction. Robert Madden, a spokesman for Nasdaq OMX, declined to comment beyond Greifeld’s statement.

Nasdaq said in a notice yesterday it delivered all outstanding execution and cancellation messages to brokers for their IPO cross orders at 1:50 p.m. Facebook declined 5.9 percent after 1:50 p.m.

Facebook CEO Mark Zuckerberg and the early backers should be held accountable for the stock drop, said Francis Gaskins, president of researcher IPOdesktop.com in Marina Del Rey, California. Goldman Sachs, Accel Partners, Digital Sky Technologies and other existing holders boosted the number of IPO shares they offered in Facebook on May 16, a day after the company increased its price range.

‘Mispriced’ Market Value 

 

 “It’s a combination of Zuckerberg’s ego for that $100 billion market cap, and the shareholders selling who wanted an exit,” said Gaskins. “Somehow it just missed them that this was mispriced.”

Larry Yu, a spokesman for Menlo Park, California-based Facebook, declined to comment. Rich Wong, a partner at Palo Alto-based Accel Partners, and Yuri Milner, founder of Digital Sky Technologies in Moscow, didn’t respond to requests for comment.

Facebook Chief Financial Officer David Ebersman was the point person on the deal, while Zuckerberg and Chief Operating Officer Sheryl Sandberg weighed in on major decisions throughout the process, people said. At Morgan Stanley, Dan Simkowitz, chairman of global capital markets, was one of the main bankers on the offering. Michael Grimes, global co-head of technology investment banking at Morgan Stanley, also played a key role.

Underwriters did accomplish part of what they set out to do: turn paper into cash for pre-IPO holders.
“It was successful for the liquidating owners, absolutely, because they got all that and then some,” said Peter Sorrentino, a fund manager who helps oversee $14.7 billion at Huntington Asset Advisors in Cincinnati.

For the investors it was a different story.

“I shame the people who were lining up to buy the thing,” said Sorrentino, whose firm didn’t buy stock in the IPO and tried to talk clients out of purchases. “The financials were there, do the math. Everyone wanted to be caught up in the glamour offering of the year. People just had stars in their eyes.”  - Bloomberg



Related posts:

Facebook price falls !

US market ahead: major signs say ‘sell’, the Facebook effect
The Facebook Fallacy