by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
In a lengthy filing with the SEC, Omniture provides a detailed time-line of the events that culminated in its agreement to be acquired by Adobe Systems for $21.50 a share. There are several fascinating aspects to the company’s account.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Ah, Father’s Day. The perfect time to kick back, fire up the grill, grab a cold one and watch a game on the tube, surrounded by the rest of the clan, all catering to your every whim.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Give the SEC credit: they know how to write a press release.
Yesterday, the commission announced that it had charged two New Jersey men with a scheme involving the sale of so-called “prime certificates of participation,” which were supposed to be invested in various fixed income instruments, but in fact were pocketed by the sellers and used to help run their payroll services company and a charter aviation firm.
by Eric Savitz, Blogger and Columnist, Tech Trader Daily
There’s a spirited debate on the Street this morning about what to make of the Diploma-Gate scandal that’s broken out at Concur Technologies, which provides software used to track employee travel expenses. (We actually use their software here at Dow Jones, and I find it incredibly irritating and nonintuitive. But I digress.)
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 Rob Hof, Silicon Valley Bureau Chief, BusinessWeek
When I talked the other day with Bill Coleman, CEO of Cassatt and a former colleague of new Yahoo CEO Carol Bartz at Sun Microsystems, he said he was initially surprised she would take on such a demanding job. After all, she stepped back from being CEO of Autodesk to be executive chairman, seeming to head toward relative retirement.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
While former eBay CEO Meg Whitman mulls a run for the Republican nomination for governor of California, eBay Chairman and founder and venture investor Pierre Omidyar has cropped up in a SEC filing listed as an executive for a secretive start-up officially known as Peer News Inc. but operating a service under the name Ginx.
by Tiernan Ray, Blogger, Barron's, Tech Trader Daily
After combing through Research in Motion’s Dec. 19 6-K filing, Avian Securities wireless analyst Matthew Thornton writes that the company’s prospects are still intact as it moves past its recent product delays in introducing new BlackBerrys.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Agilent Technologies just announced that it will reduce its headcount by 500, and its temporary workforce by 300. It will also begin to require temporary pay cuts and/or unpaid time off. The layoffs will save the company $65 million the pay cuts will save $100 million. Happy Holidays.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
No joke: National Lampoon CEO Donald Laikin is being sued by the SEC for allegedly planning to manipulate trading in the company’s stock. Trouble is, one of the recipients getting Laikin’s kickbacks was a witness cooperating with the FBI.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Well, this would explain why they didn’t want to disclose the price.
In a filing with the SEC, Macrovision (MVSN) disclosed the price tag for the sale of TV Guide to OpenGate Capital, and it’s a stunner: a single dollar, along with the assumption of liabilities. (Like the need to fulfill current subscriptions.)
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
OK, so this is getting ridiculous.
The SEC this morning added another dozen names to its list of stocks that are temporarily banned from new short sales. The weirdest addition: IBM. That’s right, IBM, one of the world’s leading technology companies. Someone needs to explain this to me, because I don’t get the logic.
by Tiernan Ray, Blogger, Barron's, Tech Trader Daily
Quarter-billion-dollar (market cap) communications equipment vendor MRV Communications (MRVC) said this evening after the bell that it received a notice last Thursday from the staff of the NASDAQ.
by Eric Savitz, Blogger and Columnist, Barron\'s, Tech Trader Daily
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.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
No one has official said we’re in a recession. But consider this: Apple (AAPL) thinks the economy is “depressed.”
As Michelle Leder points out in her always-interesting Footnoted.org blog, Apple’s latest 10-Q, filed yesterday with the SEC, includes some new language about the economic risks the company faces.
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.