• Advising, Managing & Investing in Growth

    Advising, Managing & Investing in Growth

    Over more than 25 years of paradigm shifts and business cycle volatility, GVA creates value for clients.

  • Strategic Planning, Financial Analysis & Corporate Management

    Strategic Planning, Financial Analysis & Corporate Management

    Drawing on public company CFO & Wall Street analyst experience, GVA serves such clients as The World Bank Group, Pharus Capital Management, and Mutualink.

  • Author & Expert Commentator

    Author & Expert Commentator

    GVA regularly contributes to & is a trusted source for such business media as CNBC, Bloomberg & BNN.

Recent Posts

Bloomberg Radio: GVA Research’s Garrity on Apple Conference, Tech Mergers

Earlier this week GVA Research joined Bloomberg radio to discuss AAPL. Thanks to Michael McKee and Kathleen Hays for having me on the show. You can listen to the replay here. Tech M&A – Not Just Acquisitions But Divestitures Too As Upturn Matures & Rates Threaten To Rise: Recent announced transactions (e.g. AVGO/BRCM $37bn, INTC/ALTR $17bn) prompt speculation

Continue Reading →

GVA Research Coverage on CNBC: Can Apple Win The Streaming Wars?

Apple’s new music steaming service may not beat the entrenched players but it’s a crucial part of the Cupertino giant’s long-term growth story, according to experts. Apple Music has the potential to move past rivals but it needs a lift to compete with the likes of Spotify and Pandora, David Garrity, principal of GVA Research,

Continue Reading →

CNBC Asia Interview: Will Apple Music be a threat to Spotify?

Tech M&A – Not Just Acquisitions But Divestitures Too As Upturn Matures & Rates Threaten To Rise: Recent announced transactions (e.g. AVGO/BRCM $37bn, INTC/ALTR $17bn) prompt speculation that parts of the technology sector are set to experience a wave of consolidation as secular growth slows, costs of competing increase and profit margins contract. With interest

Continue Reading →

Book Release – Technologies for Development: What is Essential?

Overview: 3rd UNESCO Conference on Technologies for Development Innovative technologies have a central role to play in the effort to alleviate poverty in this world. Innovative technology also means appropriate technology in the sense that the stakeholders must accept it locally, culturally, environmentally and economically. What key factors will determine whether or not a technology succeeds

Continue Reading →
intel

CNBC “Squawk Box” Interview: Tech Sector – Intel $16bn bid for Altera @ $54/share – A Move Driven By Limits To Moore’s Law

INTC – Standstill Agreement With ALTR Ends 6/1/15, Transaction Expected: Rumor of an INTC bid for ALTR surfaced in late March 2015, but ALTR then balked at the unsolicited $54/share acquisition price. With the standstill agreement between INTC & ALTR expiring Mon 6/1/15, there is renewed expectation a transaction is imminent. As ALTR posted disappointing 1Q15 results and

Continue Reading →

CNBC Asia “The Rundown” Interview: HPQ FY15Q2 Results

 With Sequential Reduction In Negative Elements In End Markets & Corporate Reorganization, Base For Appreciation In Place – Shares Attractive To Own Financial Snapshot: HPQ ($33.32) Rev/EPS forecast – Revs $25.6bn (-6% y/y), EPS $0.86 (-2% y/y) Valuation: P/E 9.2x FY15 EPS (8.6x PEG ratio), HPQ shares are attractive based on the upcoming split of the company

Continue Reading →

BNN Interview: IBM Gaining Traction But Still Early In Transition

Today I joined BNN to discuss IBM Earnings IBM earnings With CEO Rometty’s surprise October 2014 announcement suspending earnings guidance investors have been understandably cautious with regard to maintaining positions in IBM shares. The 1Q15 results showcased the fundamental difficulties IBM confronts as revenues fell -12% y/y to $19.6bn while EPS rose +9% y/y to $2.91.

Continue Reading →

Startup Founders: Hold Onto Your Innocence

Recently an article was published about the Ritual of Lean.  This got me thinking about how startups, on their journey from idea to funding to hopefully scale, how the all buzzwords, rituals, and competition (or perceived competition among startups as a sector) all contribute to the loss of innocence for any startup. I was the

Continue Reading →

CNBC “Closing Bell” Interview: HPQ FY15Q1 Results Disappoint As Strong US$ Cuts EPS Guidance

Does  Coming Split Into HP Inc & HP Enterprise Justify Holding Stock? Financial Snapshot: HPQ ($38.19) A) Rev/EPS forecast – Revs $27.3bn (-3% y/y), EPS $0.91 (+1% y/y) B) Valuation: P/E 9.7x FY15 (Oct) EPS (1.9x PEG ratio), shows HPQ pricing-in gains from Windows 2003 server upgrade cycle. HPQ – FY15Q1 Revenues Reflect FX Hit

Continue Reading →

Bloomberg Radio: Garrity on Cybersecurity Summit, FCC, Net Neutrality

Today I joined Kathleen Hays and Vonnie Quinn on The Bloomberg Advantage. You can listen to the replay here.  Below are some of the discussion points from the segment. 1) Internet Regulation: Historical Precedents Are Abundant & Instructive: The issues involved in the upcoming FCC decision pertain to the use, ownership and regulation of shared

Continue Reading →