Reuters blog archive
from Global Investing:
Asian equity markets tend to be casualties of weak yen. That has generally been the case this time too, especially for South Korea.
Data from our cousins at Lipper offers some evidence to ponder, with net outflows from Korean equity funds at close to $700 million in the first three months of the year. That's the equivalent of about 4 percent of the total assets held by those funds. The picture was more stark for Taiwan funds, for whom a similar net outflow equated to almost 10 percent of total AuM. Look more broadly though and the picture blurs; Asia ex-Japan equity funds have seen net inflows of more than $3 billion in the first three months of the year, according to Lipper data.
Analysts polled by Reuters see more drops ahead for the yen which they predict will trade around 102 per dollar by year-end (it was at 77.4 last September). Some banks such as Societe Generale expect a 110 exchange rate and therefore recommend being short on Chinese, Korean and Taiwanese equities.
But the weak yen may not be unilaterally bad news for Asian companies. Morgan Stanley analysts have compiled a list of Asian shares that could gain from falling yen costs. Take India's Maruti-Suzuki. It has zero exposure to yen in terms of revenue but its cost exposure (due to import or components) is 34 percent. A similar picture at China Motor Corp. in Taiwan. Another Taiwanese firm, semiconductor maker Siliconware Precision has a 2 percent revenue exposure to Japan but the yen accounts for 15 percent of its cost base, according to MS data.
Engineers in recent years have run into a "memory wall" as the increasing efficiency of computer processors outpaces the speed that memory chips can deliver, limiting the overall performance improvemement of high-end computers.
In the latest challenge to Intel's dominance of the PC and server industry, smaller chipmaker Nvidia is teaming up with the Barcelona Supercomputing Center to develop a supercomputer that will run on energy efficient ARM processors.
With the massive data centers that power the Internet consuming an ever increasing amount of electricity, energy efficiency is becoming a priority, and many companies are looking toward the technology behind our smartphones and tablets to do the job.
from Reuters Investigates:
Two more special reports from Japan today: first up, a look at how globalization has made companies around the world vulnerable to a shock like the earthquake. "Disasters show flaws in just-in-time production."
The PDF version, here, has a nice graphic showing the location of Japan's ports, some of which have been hard hit by the disaster.
Football players infamously take a serious amount of punishment. Now, Intel is offering up a way to measure the extent of that pootential physical damage.
Intel is currently working with universities and a sports equipment maker to build an intelligent football helmet.
Microsoft has acquired Canesta, which designs microchips that it says enable computers to see images in three dimensions, according to the privately-held Sunnyvale, California-based company.
The purchase comes as Microsoft prepares to launch its Kinect motion-controller next month, hoping to spark sales of its xBox video game consoles. Buying Canesta, whose technology focuses mainly on consumer applications, suggests Microsoft is already eyeing more and better movement-recognition products down the line for its video game system as well as other applications.
Good news for us computer geeks! PCs are nearly ready to ditch hard drives for faster, less energy-intensive drives with flash memory, like in a camera or cell phone, according to memory maker Micron, which ought to know. That is exciting news for victims of crashed hard drives and people who always want something new.
"I think it'll be a story in 2011, and it'll be pretty good penetration in 2012. But, you know, maybe I'm wrong," said Mark Durcan, president and chief operating officer of Micron, during the Reuters Global Technology Summit.
(Posted by Clare Baldwin)
AMD first raised the issue in a blog post in March, but is again making the rounds to convey its message that current standards, which it says measure the equivalent of standby mode in a cell phone, is misleading consumers.
from Summit Notebook:
Tech managers are not just savvy about new technology but also own the coolest, most cutting edge gadgets, right? Think again, some of them have no use for gadgets at all, finding pleasure instead in century old paintings and (gasp) pen and paper.
from Summit Notebook:
Alain Dutheil, CEO of mobile chipmaker ST-Ericsson, is not a man easily deterred when he wants to get somewhere.
“My plane was late and when I arrived there was no car there to take me into town as planned.” So what did the 64-year-old do?