Speaker 1: Broadcasting live to New York, Bloomberg eleven blio to Washington,
Speaker 1: d C. Bloomberg to Boston, Bloomberg twelve hundred to San Francisco,
Speaker 1: Bloomberg nine to the countries at dam down one and
Speaker 1: around the globe the Bloomberg Radio Pluck dab and Bloomberg
Speaker 1: got gone. This is taking stock. Coming up on taking stock,
Speaker 1: We're going to take stock of make Calm Technology Solutions.
Speaker 1: They're based in Lowell, mass and the shares are of
Speaker 1: about three three and a half percent so far this year.
Speaker 1: We're going to find out exactly what the company does
Speaker 1: and give a little bit of detail about things such
Speaker 1: as microwave, millimeter and wave applications, all the things that
Speaker 1: serve many of the technology comes to customers throughout the
Speaker 1: United States. That's all coming up right now. Let's go
Speaker 1: to Charlie Pellett in the Bloomberg news room for Bloomberg
Speaker 1: Business Flat and I thank you, pim Fox stocks bouncing
Speaker 1: along the bottom. We're brought to you by nash No
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Speaker 1: Dot net stocks are falling as heightened political and security
Speaker 1: risks rattle emerging markets, adding to the anxiety surrounding the
Speaker 1: outlook for interest rates submid on even growth in the
Speaker 1: US economy. Oil is tumbling West Texas Intermediate Crew down
Speaker 1: two point nine percent, falling a dollar forty one or
Speaker 1: barrel to forty six sixty nine. Dominic Constant as head
Speaker 1: of Global rates research at Deutsche Bank Securities and on
Speaker 1: Bloomberg Television this morning, he talked about the fet speech
Speaker 1: coming up Friday, along with the interest rate environment and
Speaker 1: definitely appro incess a mini shocks if you like, in
Speaker 1: the sense whereby this hunts for yield and this h
Speaker 1: financial oppression you're going through that pushes investments into certain
Speaker 1: nasty classes. They every now and again may have to
Speaker 1: sort of take a breather. And the way they take
Speaker 1: a breather is the fact sort of wakes up and says, well,
Speaker 1: maybe we should raise rates because this has got a
Speaker 1: little bit too fat too quickly. For the ten year
Speaker 1: down to thirty seconds that yield one point five. The
Speaker 1: former CEO of Converse Technology, who hid in Africa for
Speaker 1: a decade, has pleaded guilty in New York to fraud
Speaker 1: for back dating stock options. Jacob Kobe Alexander returned to
Speaker 1: New York yesterday from Namibia to face federal charges originally
Speaker 1: filed in two thousand and six. While he had faced
Speaker 1: thirty five counts related to the back dating of stock options.
Speaker 1: Alexander pleaded guilty to one count of securities fraud and
Speaker 1: asked the judge to be lenient in sentencing him. SMP
Speaker 1: down eleven and drop a point five percent. Gold down
Speaker 1: one point three percent now the other stories making news.
Speaker 1: Thank you, Charlie from the Bloomberg Newsroom. I'm Jill Schneider.
Speaker 1: This news update is brought to you by the Jeep
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Speaker 1: Jeep dealer. Today, an Italian firefighter says an eight year
Speaker 1: old girl has been pulled alive from the rubble left
Speaker 1: by an earthquake that destroyed three central Italian towns today.
Speaker 1: At least one twenty people were killed. Donald Trump is
Speaker 1: again urging African Americans and Hispanics living in inner cities
Speaker 1: to give him a chance. Speaking in Tampa, Florida, today,
Speaker 1: Trump said Democratic policies have only led to more poverty, crime,
Speaker 1: and joblessness in cities like Chicago and Baltimore. I'm asking
Speaker 1: for the honor of your vote so that I can
Speaker 1: fight for you. That's African Americans, that's Hispanics, and that's
Speaker 1: all Americans. The Clinton Foundation is under intense criticism from Republicans,
Speaker 1: who accused it of being a non transparent and corrupt institution.
Speaker 1: Libertarian presidential candidate Gary Johnson says it's within the law
Speaker 1: to give contributions to gain access into an institution or organization,
Speaker 1: but Johnson says he does see an element of pay
Speaker 1: to play. None of this is illegal, it's just that
Speaker 1: the implication and the fact that it is being paid,
Speaker 1: and that it's unstated. Look, if you don't pay for
Speaker 1: that access, you don't get the access. Police have arrested
Speaker 1: to people who they say burglarized the Indonesian consulate in Manhattan.
Speaker 1: Investigators say surveillance video shows eighteen year old David Rivera
Speaker 1: and sixteen year old Tiana Nonez inside the consulate early
Speaker 1: Monday morning. Global News twenty four hours a day, powered
Speaker 1: by more than journalists and analysts in more than one
Speaker 1: twenty countries. I'm Jill Schneider. This is Bloomberg, Charlie, and
Speaker 1: we thank you, and again recapping the dal the SMP
Speaker 1: NEZTAC are all declining twenty six minutes to go ahead
Speaker 1: of the clothes on a Wednesday, SMP five hundred index
Speaker 1: falling eleven points now to one, a drop of five
Speaker 1: tenths of one percent. I'm Charlie Pelton. That's a Bloomberg
Speaker 1: Business Flash. This is taking stock with Kathleen Hayes and
Speaker 1: Pim Fox on Bloomberg Radio. May come partners from radio
Speaker 1: Frequencies to light. Here to tell us more about it
Speaker 1: is John Krato. He is the chief executive of may Com.
Speaker 1: Their symbol on the NASDAC is M T s I
Speaker 1: and he can tell us all about five G. John,
Speaker 1: thanks very much for being with us. Oh, you're welcome.
Speaker 1: Before we get into the world of five G, can
Speaker 1: you just help me understand that a little bit about
Speaker 1: the history of may coom Technology Solutions, because were you
Speaker 1: at one point, uh, I guess you were supplying products
Speaker 1: to the U. S. Army. Yeah. Actually, the company's roots
Speaker 1: date back to just after the Second World War. UM
Speaker 1: was actually founded with the folks out of M I
Speaker 1: T doing the very first microwave components for the very
Speaker 1: first radar systems. So it's been it's been a long road,
Speaker 1: close to seven decades and you're based in Lower mass
Speaker 1: Now tell us about the five G. What exactly is
Speaker 1: five G? Well, five g's the next UH warriorless radio standard. UH.
Speaker 1: It's higher frequencies for higher data rates, broader coverage, more
Speaker 1: more dense coverage of for cell phones and smartphones and
Speaker 1: data services. And john I, so I started covering text
Speaker 1: three years ago and five G was being talked about
Speaker 1: then and now we're still kind of waiting. I guess
Speaker 1: at what point does this become a reality? Well, it
Speaker 1: depends on what flavor of five G you're talking about.
Speaker 1: It's you know, it is a whole collection of technologies
Speaker 1: that are that comprise five G. So there are versions
Speaker 1: which I would describe more like four and a half
Speaker 1: G that are within the next few years, and then
Speaker 1: depending on how extensive you think about it, it would
Speaker 1: be as much as five years. And Johnny, what would
Speaker 1: the role of make com teleco technology play in the
Speaker 1: introduction of five G technology? So when you're talking about
Speaker 1: the frequency bands for five g you're getting up to
Speaker 1: what's called millimeter wave, which are several gigga hurts and
Speaker 1: frequencies so well on radio frequency waves. And we've been
Speaker 1: a leader in that very very high end performance of
Speaker 1: wireless technology and optical technologies, UH for decades. So it's
Speaker 1: really playing into our willhouse. So when I when I
Speaker 1: look about and think about the semiconductor industry, UH, there's
Speaker 1: a lot of M and A. It has been kind
Speaker 1: of the key vein throughout these past for years. And
Speaker 1: since you all went public back in in what it
Speaker 1: seems like you've also acquired five companies. I guess, how
Speaker 1: does that fit into may com strategy in terms of
Speaker 1: buying rather than than building. I would say the impetus
Speaker 1: behind the M and A. The last year's unquestionably been
Speaker 1: a year of consolidation for the broader seming conductor industry.
Speaker 1: We really operate within a more esoteric niche at the
Speaker 1: very very high end of the performance spectrum. A lot
Speaker 1: of the other consolidation is really consolidation of underperformers. UH.
Speaker 1: There are a lot of companies that have failed to grow,
Speaker 1: failed to return on an estments in research and development,
Speaker 1: and that's what that's all about, delivering shareholder value in
Speaker 1: the form of consolidation. Our M and A strategy is different.
Speaker 1: We have built a portfolio through kind of inorganic assembly
Speaker 1: of technologies, really targeting secular growth drivers in the industry.
Speaker 1: Can you give us an example of some of your
Speaker 1: customers and the products that you sell to them. Sure,
Speaker 1: our biggest, our hottest part of the portfolio right now
Speaker 1: is our optical business that's really being fueled by what
Speaker 1: is essentially an insatiable demand in bandwidth. You know, there's
Speaker 1: a cloud connected apps economy that we live in is
Speaker 1: really driving a need of a whole new build out
Speaker 1: of the long haul networks, metropolitan networks, data center, interconnects,
Speaker 1: data centers, there's the whole Internet backbone as being rebuilt,
Speaker 1: largely with technologies that we provide. As I was just
Speaker 1: gonna say, as part as that that build out, I mean,
Speaker 1: are you finding that the expansion of these networks are
Speaker 1: they being delayed because I note, for example, that some
Speaker 1: of the efforts by Google in several of their markets
Speaker 1: to roll out high speed fiber have run into some roadblocks. Sure,
Speaker 1: in the US, you know, there's been some delays there's
Speaker 1: fits and starts, but I would say globally it's exploding.
Speaker 1: Uh not the least of which is China. We have
Speaker 1: a very strong position. A lot of our sales are
Speaker 1: going into the rebuild out of the China Internet infrastructure,
Speaker 1: everything from fiber to the home, uh the equivalent of
Speaker 1: FiOS in the US through the long home networks metro networks.
Speaker 1: As I mentioned, China is interesting because they tend to
Speaker 1: prefer homegrown businesses for their technology back end providers. How
Speaker 1: did you get into that market? Yeah? You know, there's
Speaker 1: no question any any clime would point out any country,
Speaker 1: any any company prefers homegrown, local technologies. We tend to
Speaker 1: specialize in technology spaces that are so advanced and such
Speaker 1: leading edge that uh, they tend not to play to
Speaker 1: the merits of a cost based economy. UH. So it's
Speaker 1: it's very much all about innovation and what we do
Speaker 1: in the in the absolute leading edge technologies where we
Speaker 1: really don't have much Asian competition. So, you know, the
Speaker 1: guys building out that network in China, Blake Luwawe or
Speaker 1: z t E uh come to us. You know, we're
Speaker 1: the foremost provider of many of these technologies. Globally, so
Speaker 1: a bet on the expansion of cloud is a bet
Speaker 1: on Maycom. Thank you, President and CEO of Maycom, John
Speaker 1: Krowtao for joining us today talking about the semiconductor industry.
Speaker 1: I am Alex Brinka in for Kathleen Hayes here with
Speaker 1: him Fox. You are listening to Bloomberg Radio. Coming up,
Speaker 1: we have some talk about the market outlook from David
Speaker 1: Deet's founder and chief investment strategists at Point View Wealth.
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