ADT CEO Not Worried About DIY: "2 Discrete Markets"

By: John Honovich, Published on Dec 13, 2019

ADT's CEO is not worried about DIY, characterizing DIY and ADT's DIFY as "2 discrete markets" at the Imperial Capital Security Investor's Conference.

** **** ****, ** share *** ******* *** analyze **** **** ******** means *** *** ** the **** *** ****-****, including *** **** **** the ******* **** ***** discrete ** ***'* ****** move ********.

[*****, **** ** * call ** ***** ****************]

Remarks **********

***'* ****** ************ ***** *** ******* on *** *********** ******. He ************ ******* **** some ******* **** "****, Nest, ******, ** **********, are ***** ** **** over *** ******** ****** and *** *********** ** it *** ** *** a ******* *** ****". However, ** **** **** "We ***’* *** ** that *** ** ***."

** **** ********* *** residential ******, ****** "** see * ******** ******* that [***] ******** ** distinctively ********* **** ***". On *** *** ****, he ********* "*** ** younger, **** ****-*******, *****, renter, ******** ** ********** what ********** ***** ** for **** ****** **** peace ** ****". ** contrast, ** ********** *** customers ** **** ****** to **** "** ****** of *******, ***** * hours ** ******* *********, a ******** *** ******, new ****, ***** ****** do ** *** **".

*******, ** **** ********** that *** *** ** both, ****** **** **** have "***** ********** ** play ** **** ***** of *** ******" *** that **** **** "***** advantages."

True *****

**** ***'* *** **** is * **** ******* description ** *** ** installed *********** ******** / home ********** *****. *** could ********* ****** ********** and *** ***** ** those ******** *** *** two ********** ** **** fairly ***** *********** ** a **** *****.

Challenges ******

*** ****** ********* ** what ******* ** *** future. ** **********, ****** Nest, ****** ****, ** al., **** ** **, then *** *** *** have * *** ** worry ***** ***** *******.

*** **** ** ************* disruption. *** ******* **** was ********** ****** ** a *** (*** * Simplisafe ******) ********* ** evolve *** ******* ** the ***** **** ** can ******* ** **** automation *** ***** ***** that *** *** ** advantage *****.

********, *** ****** ******** may **: ** ** cheaper / ****** *** ADT ** ***** *** DIY ********'* ********* ** for ***'* **********'* ** match ******? *******, ****** and ****** *** ******* trying ** ********** *** improve ** ******** *** higher-touch, ** ** *** Me **** ** ******** that *** ** *************** now.

*** ********* *** *** and *********** ********* ** how ** **** ***** the ******** *********** ********** of ***** *** ******? While ********** ****** *** dismiss ********** ** ******** a ******* $*** ******* a **** ** ****** advertising, ******* ***'* *** customer *********** **** ********* is **** ****** **** incumbents **** ****** ** much ** ****-**-**** *****.

*****, *** *** **** maybe *** ******** ******* but, **** *** **** decade, ***** ***** *** blur ** *** ***** entrants **** ******** *** attempt ** *** *** the ********** ** ********* providers.

Vote / ****

Comments (3)

Undisclosed Integrator #1

12/13/19 04:35pm

** *** ****** ** afraid ** ***, *****'* still ****** ** *********** for ********. ** **** our *** *** *******. The ******* ** **** people *** **** *** DIY ******* **** ** paying ** ** ******* the ****** *******. **'** had **** *** * few ****** ******** ** it **********. *** **** Amazon *** ****** ******* their ********, *** **** people ****** ********** ** security *******. **** ** good *** **. *** them ***** * ******* dollars * **** *** drive **** ********* ** our ********. *** *********** business *** ********* * years ***. *** **'* generating *********** *******.

Dan Burress

In reply to Undisclosed Integrator #1 | 12/30/19 11:40pm

******* **** **** ** to ******* ** ***** we *** **** * few ***** ***** *** there ** ** ********* revenue. ** **** **** found **** ***** ***** of ********* **** **** to *** ** * minimal ****** *** *** the **** ****** ** leave ** **** * horrible ****** ******. ***** WIFI ** ***** *** and **** *** ******* expecting ** **** ** our ** ***** **** support **** ** ***'* fix ***** ******** ***** it's *** *****.

Undisclosed Integrator #1

12/31/19 11:45am

****...*** **** **** ***** own *** ***** ** well. ** ** *** and *** **** ******. DIY ***’* ***** ** takeover *** ****** ********. However, **’* ********* ** offer * *******.

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