The Technological Takeover
Apple is becoming the highest valued stock on the Market in the world and, with that, has received a valuation that eclipses the entirety of the Spanish IBEX.
The 21st Century brings technological enhancement and gives value to the best 21st Century companies -almost all American- misunderstanding the deterioration of the U.S.
The last great European software company, Autonomy, was just purchased by HP, despite its losses on the Stock Exchange. The American company announced a change in its business model, abandoning computer production. It is clearer every day that the money is in services, something that IBM used years ago to reinvent itself and which Microsoft is trying to do while ORACLE has control of the majority of the Database world.
In technology, few things that are worth the trouble escape the Americans. The new wave of big companies, headed by Google and Facebook, advances the conversion of a world dominated by the U.S. Only China and Russia have been able to brake the advancement -more or less successfully- of both Google and Facebook on their own turf.
An environment in which Europeans have been able to rise in status, the e-commerce of online outlets, also seems destined to be gobbled up by American companies who came to the table late but have the resources to make select purchases at any time.
The purchase of Buyvip by Amazon or Priceminister by Rakuten -Japanese- shows how the Europeans have the muscle necessary to dominate segments of the market at a global level.
There are a lot of moves in play and the next 12 months will be very interesting.Hope you're enjoying your time, if you're still on vacation.
