On the surface, eBay Inc. seems to be flying again with 25% stock gains so far this year and 171 million registered users behind it. But should investors buy on eBay now? Our own Michael A. Robinson talks to CNBC‘s The Rundown about whether it actually has a plan to execute on the expectations that drove the stock price rise or to compete with the likes of Amazon Prime.
Articles About TV Appearances
Western Digital’s late bid on Toshiba’s chip unit complicates the already troubled former electronics giant just ahead of a key shareholders’ meeting. Even with a sale, Toshiba might not remain solvent into 2019. Its operations, turnaround plan, and very identity going forward remain unconvincing.
My team and I are here in Oakland, Calif. – and the Golden State Warriors clinching the NBA Championship Monday night isn’t the only big news.
Vincente Fox, former president of Mexico, is getting ready to take the stage at the Fourth Annual Cannabis Business Summit & Expo – the epicenter of the business, technology, and politics of legal marijuana.
And there’s a palpable buzz in the air.
Yesterday’s big tech news was Apple Inc.’s reveal of HomePod. That’s a voice-activated speaker with which you can talk to Siri and control your home – entertainment, climate, lights, etc. Will that be the impetus behind Apple shares’ next leg up? Michael let us know what he thinks last night on CNBC World. Check it out by clicking here.
While Wall Street‘s punishment of Snap Inc. (NYSE: SNAP) following its disappointing first-ever quarterly report was overly harsh, that doesn’t mean most investors should buy in – yet.
Michael made one of his frequent appearances on Fox Business Network to explain why that’s so. And he let host Neil Cavuto know exactly which investors should consider buying Snap now. Is that you? Watch the video to find out.
“Shame on you!” Toshiba Corp. shareholders were shouting at Thursday’s shareholders meeting in Japan. “You are liars!”
And they were right.
As I told you when we named Toshiba the No. 1 Tech Turkey of 2017 early this year, this company’s management has absolutely no credibility. Has their nuclear power business decisions lost shareholders $6 billion… $9 billion… more? We don’t know.
And now they’re about to make another huge mistake. So late last week, I appeared on CNBC World’s The Rundown to help explain what’s going on over there.
If you’re a gadget fan – if you like drones, cutting-edge virtual reality displays, or self-driving cars – then this is your week. That’s because the Consumer Electronics Show in Las Vegas – which officially kicks off on Thursday – is already getting started.
Samsung, LG, Sony, and Panasonic will be there… showing off their latest HDR and 4K TV sets.
And most of the major car companies will be showing off the latest self-driving and connected-car technologies. Of course, those driverless cars won’t be the only “rideables” in Las Vegas — there’ll also be fun stuff, like hoverboards and scooters.
It hurts when the technology you built your business on starts to drag you down. And that’s just what’s happening at Cisco Systems Inc. (Nasdaq: CSCO), which reported a 2.6% drop in quarterly revenue last week. The drop came from lessening demand for Cisco’s switches, its chief legacy product. Cisco does have a restructuring plan, however, including cost cuts, layoffs, strategic acquisitions, and repositioning itself toward a cloud model.
Not so fast, Michael told CNBC World listeners late last week. “You can’t cut your way to growth,” he says. And moving a hardware-based business to the cloud is going to cost a lot more and take a lot longer than anyone else thinks. Michael graded Cisco’s quarterly report a “C to C- quarterly” – and so it’s not on his “Buy” list right now. What legacy tech business also reorienting itself toward the cloud model is? Watch the video below to find out.
Sony Corp. (NYSE ADR: SNE) just downgraded its earnings expectations for the fiscal year, but during a recent appearance on CNBC World, Michael said that’s no reason to write off the stock. First off, the lowered guidance is thanks to a onetime write-down thanks to the sale of Sony’s battery unit. And this is “truly a onetime,” Michael told CNBC World’s viewers.
But the real reason Michael is keeping an eye on Sony – which gained 61% between early February and mid-October – is what it’s got planned for holiday shoppers. He explains all in this video…