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BRIEF-TCI Fund Says Cost Base Of Alphabet Is Too High And Management Needs To Take Aggressive Action- Letter

Reuters · 11/15/2022 11:19
BRIEF-TCI Fund Says Cost Base Of Alphabet Is Too High And Management Needs To Take Aggressive Action- Letter

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  • TCI FUND SAYS COST BASE OF ALPHABET IS TOO HIGH AND MANAGEMENT NEEDS TO TAKE AGGRESSIVE ACTION - LETTER

  • TCI FUND MANAGEMENT - ALPHABET HAS TOO MANY EMPLOYEES AND THE COST PER EMPLOYEE IS TOO HIGH

  • TCI FUND-AS PART OF BASIC FINANCIAL MANAGEMENT, ALPHABET SHOULD ESTABLISH AND PUBLICLY DISCLOSE AN EBIT MARGIN TARGET FOR THE GOOGLE SERVICES SEGMENT

  • TCI FUND MANAGEMENT - COST DISCIPLINE IS "NOW REQUIRED AS REVENUE GROWTH IS SLOWING" AT ALPHABET

  • TCI FUND-WAYMO HAS NOT JUSTIFIED ITS EXCESSIVE INVESTMENT AND ITS LOSSES SHOULD BE REDUCED DRAMATICALLY

  • TCI FUND MANAGEMENT - ALPHABET SHOULD SIGNIFICANTLY ACCELERATE SHARE REPURCHASES

  • TCI FUND-ALPHABET SHOULD REDUCE ANNUAL OPERATING LOSSES IN OTHER BETS (WHICH WE EXPECT TO AMOUNT TO $6 BILLION THIS YEAR) BY AT LEAST 50%

Source text: https://bit.ly/3EalqUn

Further company coverage: GOOGL.O


((Reuters.Briefs@thomsonreuters.com;))