Technology, Media & Telecommunications – Technology/Semiconductors: First
Institutional Investor Research is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Technology, Media & Telecommunications – Technology/Semiconductors: First

02-web-aert-francois-meunier.jpg

François Meunier

& team

Morgan Stanley

"He has an extensive and multiyear knowledge of the European media industry."

Bolting from third place to lead the lineup for the first time is the Morgan Stanley quartet conducted by François Meunier; the 38-year-old also helms the No. 2 team in Telecommunications Equipment. The London-based analysts, who follow eight stocks (one more than last year), upgraded Arm Holdings from buy to overweight in March, when shares of the U.K.-based concern dipped to 531.67p on fears that U.S. competitor Intel Corp. would seize market share. "We viewed this as an opportunity to upgrade, as we believed Arm has a sustainable advantage in design of low-power chips for smartphones and tablets, that short-term fears of Intel encroaching on this were overdone and that Arm's opportunity to expand into some of Intel's traditional markets — particularly microservers — was not being properly valued by the market," Meunier says. Good call. The stock had sizzled to 768p by the end of the year, for a 44.5 percent gain that shot past the sector by 19.9 percentage points. Meunier joined Morgan Stanley in 2010 from J.P. Morgan Cazenove, where he covered tech stocks. He holds telecommunications engineering and business administration degrees from Hautes Etudes Commerciales School of Management in Paris. — Pam Baker


Gift this article