by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Intel this morning filed with the SEC for a potential future securities offering. The shelf filing provides no specific information on any immediate plans to raise cash, and covers the potential sale of equity, debt, preferred shares, warrants and various other types of securities. I presume that the advantage of making a filing of this type is that it allows the company to move more quickly when it really does decide to raise capital.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Goldman Sachs analyst David Bailey cut his target price for Sun Microsystems from $5 to $3, putting the company’s stock under some pressure this morning. His reason? Sun’s services are heavily concentrated in telecom and financial services, putting it at a disadvantage compared to its more diversified competitors, weakening its position during the economic downturn.
Last night I reported on a special meeting held by Sequoia Capital for its portfolio companies, warning them about the fiscal hurricane that was going to hit them, and how they’d better figure out ways to survive what could be a big downturn.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Sorry to disappoint everyone, but the evidence is piling up today: The Internet really is a part of the overall economy. While the optimists had hoped that the efficiency of Internet-based advertising would make it a more appealing place to buy ads in a downturn, it is increasingly obvious that the current economic straits are too widespread for Internet businesses to avoid.
This is a section of the All Things Digital Web site featuring posts from around the Web, from other Dow Jones properties and also original pieces we solicit. The section is now explicitly labeled that it comes "from other Web sites."
We are fully aware of the controversies around how linking and aggregating is done on the Web and we, in no way, are attempting to "scrape" original content created by others. Instead, regarding third-party posts, we are trying to point readers of this site to other posts from around the Web that we admire and are trying to do so in the quickest manner possible.
The Internet is full of terrific content that is not ours and we want to help our readers find it by making editorial suggestions--Look, Mom, no algorithm!--of posts we think are worth their time.
That is why we have made even more changes to Voices to ensure we do this in the most transparent and timely way. While we don't expect that everyone will agree with our policies, we have made changes that reflect our intent in pointing to content outside our site.
Because the site is wholly owned by Dow Jones, publisher of The Wall Street Journal, we aim to adhere to the journalistic standards of the best of the mainstream media. But, because it is run autonomously as a small online startup, we aim to exhibit the fresh thinking and nimbleness of the best of the new media. We want to be first, and sassy, but also well sourced and accurate. We will offer lots of opinion and analysis, but plenty of fact as well.
