2010 Morgan Stanley Internet Trends Analysis
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On-Premise Vs. Cloud
WHITEPAPER Content Management for Mobile Devices: Smartphones, Use Cases and Best Practices in a Mobile-Centric World JULY 2013 TABLE OF CONTENTS Executive Summary 3 Mobile-Delivered Content Is Growing Globally 3 Start with Smartphones 4 Challenges and Opportunities 5 Use Cases Drive Mobile Content Strategy 6 Overcoming Barriers To Implementation 7 Best Practices: Build For Success 8 Conclusions 9 About CrownPeak 10 2 Executive Summary In an environment where mobile web traffic tripled last year and mobile data users are expected to outpace desktop users by next year, the need for mobile-optimized content management is clear. Yet implementing content management systems has traditionally been a slow and resource-intensive process. One emerging strategy for successfully deploying mobile content is to focus on optimizing for smartphones, which offer both the largest and most stable mobile development platform. This approach has already proven successful in a number of market sectors and offers the advantages of simplicity, flexibility, and cost-effectiveness. A second strategy has been to leverage the new generation of Web Content Management systems. These systems combine breakthroughs in productivity with the ability to natively optimize content for mobile delivery, they work seamlessly with legacy systems, and typically do not require IT resources. The result is a significantly lower implementation and operation costs when compared to traditional content management solutions. Web Content Management (WCM) systems have traditionally been both time- and cost-intensive, requiring significant resources from expert developers and in- house IT. This paper recommends adoption of such a smartphone-centric strategy with a next-generation WCM to create a flexible, scalable, interoperable mobile content management solution, without impacting legacy systems or compromising data integrity. -
Internet Economy 25 Years After .Com
THE INTERNET ECONOMY 25 YEARS AFTER .COM TRANSFORMING COMMERCE & LIFE March 2010 25Robert D. Atkinson, Stephen J. Ezell, Scott M. Andes, Daniel D. Castro, and Richard Bennett THE INTERNET ECONOMY 25 YEARS AFTER .COM TRANSFORMING COMMERCE & LIFE March 2010 Robert D. Atkinson, Stephen J. Ezell, Scott M. Andes, Daniel D. Castro, and Richard Bennett The Information Technology & Innovation Foundation I Ac KNOW L EDGEMEN T S The authors would like to thank the following individuals for providing input to the report: Monique Martineau, Lisa Mendelow, and Stephen Norton. Any errors or omissions are the authors’ alone. ABOUT THE AUTHORS Dr. Robert D. Atkinson is President of the Information Technology and Innovation Foundation. Stephen J. Ezell is a Senior Analyst at the Information Technology and Innovation Foundation. Scott M. Andes is a Research Analyst at the Information Technology and Innovation Foundation. Daniel D. Castro is a Senior Analyst at the Information Technology and Innovation Foundation. Richard Bennett is a Research Fellow at the Information Technology and Innovation Foundation. ABOUT THE INFORMATION TECHNOLOGY AND INNOVATION FOUNDATION The Information Technology and Innovation Foundation (ITIF) is a Washington, DC-based think tank at the cutting edge of designing innovation policies and exploring how advances in technology will create new economic opportunities to improve the quality of life. Non-profit, and non-partisan, we offer pragmatic ideas that break free of economic philosophies born in eras long before the first punch card computer and well before the rise of modern China and pervasive globalization. ITIF, founded in 2006, is dedicated to conceiving and promoting the new ways of thinking about technology-driven productivity, competitiveness, and globalization that the 21st century demands. -
Global / China Internet Trends
Global / China Internet Trends Shantou University / Cheung Kong Graduate School of Business / Hong Kong University November 7, 2005 [email protected] [email protected] 1 Outline • Attributes of Winning Companies • Global Internet • China Internet • Your Questions 2 Attributes of Winning Companies 3 Attributes of Winning Companies… 1. Large market opportunities - it is better to have 10%, and rising, market share of a $1 billion market than 100% of a $100M market 2. Good technology/service that offers a significant value/service proposition to its customers 3. Simple, direct mission and strong culture 4. Missionary (not mercenary), passionate, maniacally-focused founder(s) 5. Technology magnets (never underestimate the power of great engineers) 6. Great management team / board of directors / committed partners 7. Ability to lead change and embrace chaos 8. Leading/sustainable market position with first-mover advantage 9. Brand leadership, leading reach and market share 10.Global presence 4 …Attributes of Winning Companies 11. Insane customer focus and rapidly growing customer base 12. Stickiness and customer loyalty 13. Extensible product line(s) with focus on constant improvement and regeneration 14. Clear, broad distribution plans 15. Opportunity to increase customer “touch points” 16. Strong business and milestone momentum 17. Annuity-like business with sustainable operating leverage assisted by barriers-to-entry 18. High gross margins 19. Path to improving operating margins 20. Low-cost infrastructure and development efforts 5 Global Internet 6 Internet Data Points: Global… Global N. America = 23% of Internet users in 2005; was 66% in 1995 S. Korea Broadband penetration of 70%+ - No. 1 in world China More Internet users < age of 30 than anywhere 7 …Internet Data Points: Communications… Broadband 179MM global subscribers (+45% Y/Y, CQ2); 57MM in Asia; 45MM in N. -
Amazon.Com, Inc. Securities Litigation 01-CV-00358-Consolidated
Case 2:01-cv-00358-RSL Document 30 Filed 10/05/01 Page 1 of 215 1 THE HONORABLE ROBERT S. LASNIK 2 3 4 5 6 vi 7 øA1.S Al OUT 8 9 UNITE STAThS15iSTRICT COURT WESTERN DISTRICT OF WASHINGTON 10 AT SEATTLE 11 MAXiNE MARCUS, et al., On Behalf of Master File No. C-01-0358-L Themselves and All Others Similarly Situated, CLASS ACTION 12 Plaintiffs, CONSOLIDATED COMPLAINT FOR 13 VS. VIOLATION OF THE SECURITIES 14 EXCHANGE ACT OF 1934 AMAZON COM, INC., JEFFREY P. BEZOS, 15 WARREN C. JENSON, JOSEPH GALLI, JR., THOMAS A. ALBERG, L. JOHN DOERR, 16 MARK J BRITTO, JOEL R. SPIEGEL, SCOTT D. COOK, JOY D. COVEY, 17 'RICHARD L. DALZELL, JOHN D. RISHER, KAVITARK R. SHRIRAM, PATRICIA Q. 18 STONESIFER, JIMMY WRIGHT, ICELYN J. BRANNON, MARY E. ENGSTROM, 19 KLEJNER PERKINS CAUF1ELD & BYERS, MORGAN STANLEY DEAN WITTER, 20 CREDIT SUISSE FIRST BOSTON, MARY MEEKER, JAMIE KIGGEN and USE BUYER, 21 Defendants. 22 In re AMAZON.COM, INC. SECURITIES 23 LITIGATION 24 This Document Relates To: 25 ALL ACTIONS 26 11111111 II 1111111111 11111 III III liii 1111111111111 111111 Milberg Weiss Bershad Hynes & Le955 600 West Broadway, Suite 18 0 111111 11111 11111 liii III III 11111 11111111 San Diego, CA 92191 CV 01-00358 #00000030 TeIephone 619/231-058 Fax: 619/2j.23 Case 2:01-cv-00358-RSL Document 30 Filed 10/05/01 Page 2 of 215 TA L TABLE OF CONTENTS 2 Page 3 4 INTRODUCTION AND OVERVIEW I 5 JURISDICTION AND VENUE .............................36 6 THE PARTIES ........................... -
MARK S. THOMSON, on Behalf of Himself: No
IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK ___________________________________ MARK S. THOMSON, on behalf of himself: No. ___________________ and all others similarly situated, : : CLASS ACTION COMPLAINT Plaintiff, : FOR VIOLATIONS OF THE : FEDERAL SECURITIES LAWS v. : : MORGAN STANLEY DEAN WITTER : & CO. and MARY MEEKER, : : Defendants. : JURY TRIAL DEMANDED ___________________________________ : Plaintiff, by his undersigned attorneys, individually and on behalf of the Class described below, upon actual knowledge with respect to the allegations related to plaintiff’s purchase of the common stock of Amazon.com, Inc. (“Amazon” or the “Company”), and upon information and belief with respect to the remaining allegations, based upon, inter alia, the investigation of plaintiff’s counsel, which included, among other things, a review of public statements made by defendants and their employees, Securities and Exchange Commission (“SEC”) filings, and press releases and media reports, brings this Complaint (the “Complaint”) against defendants named herein, and alleges as follows: SUMMARY OF THE ACTION 1. In October 1999, Fortune named defendant Mary Meeker (“Meeker) the third most powerful woman in business, commenting, “[h]er brave bets – AOL in ‘93, Netscape in ‘95, e-commerce in ‘97, business to business in ‘99 – have earned her eight “ten-baggers”, stocks that have risen tenfold. Morgan Stanley’s “We’ve got Mary” pitch to clients has been key to its prominence in Internet financing. Her power is awesome: If she ever says “Hold Amazon.com”, Internet investors will lose billions.” 2. Fortune almost got it right. Investors did lose billions, but not because Meeker said “Hold Amazon.com”. Rather, investors were damaged by Meeker’s false and misleading statements encouraging investors to continue buying shares of Amazon. -
Securities Analysts: Why These Gatekeepers Abandoned Their Post
Securities Analysts: Why These Gatekeepers Abandoned Their Post DAVID J. LABHART* TABLE OF CONTENTS INTRODUCTION ..................................................................................................... 1037 I. WHAT CAUSED SELL-SIDE ANALYSTS TO MISS ENRON? ................. .. ... .. .. .. .. 1040 A. The Absence of Deterrencefrom Third Party Liability ........................... 1041 B. Confl icts of Interest ................................................................................. 1043 1. Investment Banking Conflicts .......................................................... 1044 2. Informational Conflicts ..................................................................... 1046 3. Lack of Incentive .............................................................................. 104 7 II. CURRENT REGULATIONS AND THEIR IMPACT ON ANALYST INCENTIVES ......... 1051 A . Regulation FD ......................................................................................... 1052 B. Regulation A C ......................................................................................... 1054 C. Self-Regulatory Organizationsand the Sarbanes-Oxley Act ................... 1055 D . The Global Settlem ent ............................................................................. 1057 III. SUGGESTED REGULATIONS ............................................................................. 1058 C ONCLUSION ........................................................................................................1061 INTRODUCTION In -
Internet Trends 2008
Internet Trends 2008 Mary Meeker November 5 @ Web 2.0 Summit Technology / Internet Trends November 5, 2008 Web 2.0 Summit – San Francisco [email protected] / www.morganstanley.com/institutional/techresearch Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision. Customers of Morgan Stanley in the US can receive independent, third-party research on companies covered in Morgan Stanley Research, at no cost to them, where such research is available. Customers can access this independent research at www.morganstanley.com/equityresearch or can call 1-800-624-2063 to request a copy of this research. For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report. Outline • Economy 1. Recession – a long time coming, how long will it last? 2. Technology & Advertising Spending – closely tied to GDP growth • Technology / Internet 1. Digital Consumer – Undermonetized social networks / video / VoIP driving powerful usage growth 2. Mobile – Innovation in wireless products / services accelerating 3. Emerging Markets – Pacing next wave of technology adoption • Closing Thoughts 1. Companies with cogent business models that provide consumer value should survive / thrive – consumers need value more than they have needed it in a long time… 2 Economy 1) Recession – a long time coming, how long will it last? 1 year? 5 years? 3 Roots of Economic Challenge? 10+ Years of Rising Home Ownership + Declining Interest / Savings Rates U.S. -
Internet Trends 2019
Internet Trends 201 Mary Meeker June 11 @ Code 2019 INTERNET TRENDS 2019 Mary Meeker June 11 @ Code 2019 bondcap.com/report/it19 Internet Trends 2019 1) Users 2) E-Commerce + Advertising 3) Usage… 4) Freemium Business Models 5) Data Growth 6) …Usage 7) Work 8) Education 9) Immigration + USA Inc. 10) Healthcare 11) China (Provided by Hillhouse Capital) 2 Internet Trends 2019 Thanks Bond Partners Michael Brogan & Ansel Parikh helped steer ideas & did a lot of heavy lifting. Noah Knauf, Collin Ebert, Jesse Ellingworth, Everett Randle, Nancy Xiao, Daegwon Chae, Paul Vronsky & Juliet de Baubigny also dug in & were more than on call with help. Hillhouse Capital Liang Wu & colleagues’ contribution of the China section provides an overview of the world’s largest market of Internet users. Participants in Evolution of Internet Connectivity From creators to consumers who keep us on our toes 24x7 & the people who directly help us prepare the report. And, Kara & team, thanks for continuing to do what you do so well. 3 Internet Trends 2019 Context… We use data to tell stories of business-related trends we focus on. We hope others take the ideas, build on them & make them better. At 3.8B, the number of Internet users comprises more than half the world’s population. When markets reach mainstream, new growth is harder to find as evinced by declining new smartphone shipments in 2018. While E-Commerce continues to gain share vs. physical retail, growth rates are slowing. While Internet advertising growth is solid & innovation is healthy, there are areas where customer acquisition costs may be rising to unsustainable levels. -
Measuring Electronic Commerce”, OECD Digital Economy Papers, No
Please cite this paper as: OECD (1998-11-03), “Measuring Electronic Commerce”, OECD Digital Economy Papers, No. 39, OECD Publishing, Paris. http://dx.doi.org/10.1787/236645656805 OECD Digital Economy Papers No. 39 Measuring Electronic Commerce OECD Unclassified OCDE/GD(97)185 COMMITTEE FOR INFORMATION, COMPUTER AND COMMUNICATIONS POLICY MEASURING ELECTRONIC COMMERCE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Paris 58791 Document complet disponible sur OLIS dans son format d'origine Complete document available on OLIS in its original format Copyright OECD, 1997 Applications for permission to reproduce or translate all or part of this material should be made to: Head of Publications Services, OECD, 2 rue André-Pascal, 75775 Paris Cedex 16, France 2 MAIN POINTS The purpose of this report is to begin to outline the issues associated with measuring electronic commerce, propose an initial framework and begin to compare some of the disparate data on the subject so as to form a mosaic which gives a clearer quantitative picture of the current status and future direction of electronic commerce. From this position a better sense of the relative importance of the various policy issues can be obtained. Defining and measuring Electronic Commerce Measuring electronic commerce is difficult for a number of reasons including defining what constitutes electronic commerce, the speed of its growth and evolution and the fact that in many cases firms conduct both electronic commerce and traditional commerce simultaneously. Quantifying the value associated with electronic commerce activities can be challenging since many of its key qualities -- convenience, variety and ease of access to information -- are difficult to measure. -
2013 Mary Meeker Internet Trend Report
INTERNET TRENDS D11 CONFERENCE 5 / 29 / 2013 Mary Meeker / Liang Wu Outline • Key Internet Trends – Growth Continues • Re-Imagination – Being Re-Imagined & Uploaded • Mobile – Aggressive Momentum • Computing – Yet Another Platform Change… • Lots to Learn from China – Volume + Innovation • Most Enabled Entrepreneurs Ever? • So, You Want to Be a Public Company? • High-Skilled Immigration – Perspective • Appendix – Re-Imagination is Alive & Well – Traditional Industries Being Re-Imagined – USA, Inc. 2 KEY INTERNET TRENDS – GROWTH CONTINUES 3 2.4B Global Internet Users in 2012* – 8% Y/Y Growth*, Driven by Emerging Markets 2008-2012 Internet User 2012 Internet Population Rank Country Adds (MMs) Users (MMs) Y/Y Growth Penetration 1 China 264 564 10% 42% 2 India 88 137 26 11 3 Indonesia 39 55 58 23 4Iran 35 42 205 55 5 Russia 33 70 6 49 6 Nigeria 31 48 15 30 7 Philippines 28 34 32 35 8Brazil 27 88 6 45 9 Mexico 19 42 9 37 10 USA 18 244 3 78 11 Argentina 17 28 57 68 12 Egypt 17 30 11 38 13 Colombia 14 25 39 54 14 Turkey 13 35 17 47 15 Vietnam 12 31 7 35 Top 15 654 1,473 15% 34% World 902 2,406 8% 34% Note: *All data (except China) as of 6/12, 2.4B global Internet users and 8% Y/Y growth rate based on the latest available data. China Internet user data as of 12/12, per CNNIC. Source: United Nations / International Telecommunications Union, internetworldstats.com. 4 Material Upside for Mobile Ad Spend vs. Mobile Usage % of Time Spent in Media vs. -
Insurance, Term Life Insur- Some Years Ago, Mary Meeker (Morgan Stanley Dean Wit- Ance, and Credit Card Interchange Fees
Introduction It doesn’t take much research to recognize that the Internet $435 billion-plus in revenues by 2003 from an estimated has already had a profound effect on the delivery of finan- $103 billion today. This projection includes consumer cial services and is likely to bring more radical changes. banking, brokerage services, auto insurance, term life insur- Some years ago, Mary Meeker (Morgan Stanley Dean Wit- ance, and credit card interchange fees. The implied com- ter’s Internet analyst) forecast that financial services would pounded annual growth of 34% will likely prove to be very be among the industries most profoundly affected by the conservative. Internet, since the distribution of financial products doesn’t • Competitive intensity should escalate as technological require any physical exchange of goods. We now believe and regulatory barriers fall. Some financial services pro- that the one-two punch of technology and deregulation will viders will benefit significantly from the potential for reach irreversibly alter the way business is generated in financial and product diversification from the double whammy of the services, particularly on the consumer side. Internet and deregulation. Financial services companies and With massive change under way, the Morgan Stanley Dean technology portals alike are looking for ways to capture Witter U.S. financial services team set out to plot a course consumers nationwide and ultimately worldwide. They will through the new landscape that’s emerging. We tapped our offer a range of services that includes banking, brokerage, Equity Research department and external contacts to for- life, auto and home insurance, retirement and estate plan- mulate a clearer picture of (1) what the Internet means for ning, mortgages, and credit cards. -
April Fools— Sell-Side Analysts Discover Biotechnology
FOOL’S CORNER April Fools— sell-side analysts discover biotechnology Hortense, Mr. Joe Armani Suit’s words just tial business for the investment banking side. Tom Jacobs, of the Internet moved Consolidated Widgets’ price up 20 For this reason alone, individual investors site Motley Fool (http://www. cents!” Joe Armani Suit’s recommendations can be sure that if a sell-side analyst issues any- fool.com/), provides his angle and targets are reported and tabulated in all thing other than a “strong buy” or even a “buy” on biotechnology investments. financial media—broadcast, print, and Web— recommendation, the bank is not expecting to He can be contacted at which happily showcase the star to hook view- get much business from that company—either TomJ@ Fool.com, but he can’t give individual ers and readers. the bank has been frozen out of deals before, investment advice. But don’t be fooled. Joe Armani Suit wants the bank works for a competitor, or the compa- attention not to help you and me invest in the ny’s prospects are so dire that the bank has no stock market for long-term profit, but to pro- hope of future business in the company’s The leading players in this season’s soap opera, mote his employer’s investment banking ser- bankruptcy reorganization. Sad to say, that last “As Enron Turns,” are the Wall Street analysts vices. Not surprisingly, clients companies are slim hope was probably one reason that many who continued to recommend Enron stock as much more likely to favor a bank that publicly Enron analysts hung on, issuing recommenda- it crashed into oblivion, and in the process praises their business.