Pateira

The Private Equity sector is broadly defined as investing in companies’ securities, through a negotiated process. Investments typically involve a transformational, value-added, active management strategy. 

Wikipedia

Por outras palavras, os fundos privados de acções investem em empresas subvalorizadas, conseguindo taxas de rentabilidade do capital acima da média.  Como?  Com investidores que sabem gerir, com maior controlo por parte dos accionistas sobre os administradores. 

A sua existência e recente crescimento nos mercados mundiais é a prova de que o capital não se encontra convenientemente distribuído na economia.  O seu aparecimento parece ser uma resposta à actual falta de controlo dos accionistas - sobretudo por parte dos grandes fundos de investimento - sobre as administrações das grandes empresas e respectivas compensações.

Recentemente João Talone criou em Lisboa o Magnum I, o fundo de "private equity" da sociedade ibérica Mag-num Capital Industrial Partners (Magnum), que possui mais de 800 milhões de euros para gerir.  Um valor apreciável, face à dimensão do nosso mercado.  

US Internet ad revenues totaled $16.9 billion in 2006, up 35% from 2005, according to the "Internet Advertising Revenue Report" from the IAB (Interactive Advertising Bureau) and PwC (PricewaterhouseCoopers) consultancy.  

Consumer advertisers - cars, gadgets, toy, etc. - continue to represent the largest category of Internet advertising spending.

"The results for 2006 show the Internet continues to offer marketers the widest spectrum of advertising formats, from search-based text ads to dynamic rich-media and broadband video ads," said Peter Petrusky of PricewaterhouseCoopers. "Online publishers may continue to experience growth as marketing budget allocations to all interactive forms continue to increase."

Google, Yahoo and others thank us for being such a search lovers. 

Ah!  Don't forget to add Europe, Japan, China, etc. to the above $17 billion. 

Now, how much, did you say?   You don't know?    Well, search on the net, for Christ's Sake!

With PCs, iPods and mobile phones, video viewing on TV became history, right?  Not quite.

Among adults who stream and download video, only 11% of their video is viewed on a PC, while three-quarters is viewed on a TV, according to Ipsos Insight's "MOTION" study conducted in December 2006 and January 2007.

Brian Cruikshank of Ipsos said, "It's clear that consumers are inclined to experiencing video, particularly longer-form content, within their living rooms. And given the growing investment many are making to upgrade their current technology at home, the TV appears to be well positioned to remain the dominant 'screen' for most video enthusiasts."

eMarketer calculated that online and mobile TV content spending in the US will reach nearly $2.2 billion in 2010, up from $199 million in 2005. Some of this will come from downloads of shows for use with AppleTV and other devices which relay content from PCs to TVs.

So, if you are planning to buy a new LCD or plasma TV, go ahead.  You are still on.

According to the german market research company, GFK, 2006 was a positive year to european consumer electronics market with an overall growth of 13%, with sales figures over 40 billion euros.  Portugal showed an increase of 7%, - positive increase for the first time in 3 years -, while our spanish neighbours recorded a 18% increase.

By product families, surprisingly, in car electronics sales skyrocketed 43%, followed by TV - LCD + Plasma - with +30%, which represented almost 2 thirds of total sales, if you put in car electronics aside.

Annual consumer average spending in England was almost 500 euros, double than in Italy and almost 3 times than portuguese consumers.

Another European star to consumers' eyes is the portable MP4 - iPod - with an increase of only 4%.Hi-Fi, VCRs, Cam.Video, sound, all in red figures.  Cellular phones are not accounted here.

AC Nielsen reports that more than one third of the portuguese own a personal computer and that 6% plan to buy a new one in 2007.  Our average annual spending on computers/accessories, per family, exceeds 180 euros, placing the portuguese on third position among EU countries, after Belgium and Spain.

Cetelem reports that one of the main internet searches refers to the need of consumer to pre-select the products that they intend to buy, as a complement to traditional shopping activities.

Globally, 2006 saw the number of web users surpassing the 1 billion barrier, meaning that one third of world population access the net.