Clay Christensen: Escaping the Innovator’s Dilemma ($GOOG, $AAPL, $CSCO)

Innovator's DilemmaClay Christensen is a professor at Harvard Business School and author of the bestselling The Innovator’s Dilemma which describes how successful companies become prisoners of their innovation. In the embedded video below (come to the site if you can’t see it), Christensen talks with Andrew Keen of TechCrunch about Cisco (NASDAQ: CSCO), Google (NASDAQ: GOOG) and Apple (NASDAQ: AAPL), education and . . .

→ Read More: Clay Christensen: Escaping the Innovator’s Dilemma ($GOOG, $AAPL, $CSCO)

The Largest Companies over the Last Century

Over the last century, eleven companies have held the title of “largest company” by market capitalization. The following graphic shows these companies and their respective reigns (h/t The Big Picture). Click for the large image.

Largest Company by Market Cap, 1920 - 2012

Largest Company by Market Cap, 1920 – 2012

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Lowe’s Companies, Inc: A Great Buy at a Cyclical Low ($LOW, $MSFT, $CSCO, $SVU)

A reader recently passed along a link to a recent Barron’s interview with Steven Romick of First Pacific Advisors’ “contrarian value” Crescent Fund, suggesting that I might be interested in reading what Mr. Romick had to say, given our shared interests in Microsoft (NASDAQ: MSFT) and Cisco (NASDAQ: CSCO). The reader was correct, and I enjoyed reading the interview. It appears that Mr. Romick saved best for last, ending the interview with these tantalizing tidbits of information about Lowe’s . . .

→ Read More: Lowe’s Companies, Inc: A Great Buy at a Cyclical Low ($LOW, $MSFT, $CSCO, $SVU)

QLogic Corporation: A Qualified Value Opportunity? ($QLGC, $CSCO, $IBM, $DELL, $HPQ)

QLogic Corporation (NASDAQ: QLGC) designs and supplies enterprise network infrastructure products. As of the time of writing (8/2), the company is hovering around 52 week lows as a result of a sharp sell off following the company’s fiscal Q1 earnings release. The company beat consensus EPS by $0.04 and revenue by $1 MM, but issued underwhelming guidance.

I am wary of large price declines resulting from guidance alone, so when I see this happen I tend to take a . . .

→ Read More: QLogic Corporation: A Qualified Value Opportunity? ($QLGC, $CSCO, $IBM, $DELL, $HPQ)

What I’m Reading: 7.26.2011

In no particular order

Law School Economics: Ka-Ching! (New York Times) Disclosure: Long one JD Drinking Ernest Shackleton’s Whisky (NYTimes.com) Canada’s Resource Curse: Too Much of a Good Thing (SSRN) The Rise and Fall of the Cisco Empire (ReadWriteWeb) Disclosure: Long CSCO Ryan Kavanaugh: Financier to Hollywood (Financial Times) Stormannsgalskap: The Madness of Great Men (The Economist via Farnam Street)

What are you reading?