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Tuesday, December 23, 2008

Washington Is Killing Silicon Valley

Michael Malone

Even as economic losses and unemployment levels mount, America’s most effective engine for wealth and job creation is being dangerously–perhaps fatally–compromised.

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Wednesday, September 17, 2008

Rackspace: 8 Firms Start Coverage; Shares Can Use a Lift

Eric Savitz

The post-IPO quiet period has expired on Web-hosting provider Rackspace (RAX), triggering a flood tide of research from the Street. The stock can clearly use the help: Rackspace went public in August at $12.50 a share, but has never actually traded that high; the stock this morning is changing hands at $9, up 17 cents, or 1.9 percent on the day, but still down $3.50, or 28 percent, since the IPO.

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Monday, August 11, 2008

Allegro Microsystems Pulls IPO; Who Can Blame It?

Eric Savitz

The great tech IPO drought continues.
In the latest sign that the market is really not that interested in tech industry IPOs, chipmaker Allegro Microsystems today filed with the SEC to withdraw its planned initial offering, citing “current market conditions.” Which might have been a nice way of saying no one was all that interested.

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Wednesday, July 30, 2008

Mean Street: Salesforce.com–How Much Higher Can It Go?

Evan Newmark

If you are a believer in efficient markets, every now and then a hot tech stock comes along that pushes your conviction to its limits.

VMware was bought for $625 million by EMC in 2004, went public in 2007 and soon hit a market cap of $48 billion. It currently trades at about a quarter of that value.

Even the hottest stock can’t defy gravity indefinitely. Or can it?

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Monday, December 24, 2007

NetSuite: Déjà Google All Over Again

John C. Dvorak

Readers of this column know that I had high hopes for the Google initial public offering. Not so much for the fortunes for Google, but for the possibility that its IPO would trigger a surge in IPOs of small tech companies.

It didn’t happen.

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