A Few Thoughts On The BlackBerry-Good Technology Deal

tech-ipo So much for that IPO, I suppose. Good Technology, a long-time IPO candidate with reams of public financial data, was snapped up by BlackBerry this morning for $425 million. You might think that the number isn’t too bad. It is: The company raised $291 million from investors. So its sale is nearly certainly a down-exit, compared to its late private valuations. Read More

Apple, Google, Other Silicon Valley Tech Giants Ordered To Pay $415M In No-Poaching Suit

screen-shot-2014-04-28-at-12-53-25-pm United States District Judge Lucy Koh today approved a $415 million settlement in the Silicon Valley no-poaching case. The dollar figure comes after a previous $324 million settlement was rejected as being too low. More than 64,000 workers are part of the case. The suit stems from a secret agreement among large tech firms like Google, Apple and Intel to not poach employees from one another.… Read More

A Few Thoughts On Tech Stocks

 Shares in technology companies have recently come under intense pressure, similar to other equities, markets, commodities and more. How far tech shops have declined, however, is worth digging into. After all, if the value of public tech companies... [...]

RIP Summer

tech-stocks-whee  After a multi-year bull cycle that raised the prices of domestic equities to levels that made value-focused investors squirm, the U.S. markets are suffering from a stiff correction, dropping in partial step with international shares and other assets. It’s a global cold, and everyone is sneezing. Apple opened dramatically lower this morning, mirroring broad index declines. Twitter… Read More

Twitter Collapses To Record Lows, Tests IPO Price As Tech Stocks Slump En Masse

twitter-analytics At least Twitter isn’t alone. Alibaba also set a record low today. In the post-IPO market, Twitter is sucking air. After repeated quarterly reports detailing slowing, anemic user growth, shares in the social media company today reached a new nadir: the firm’s IPO price. Twitter went public at $26 per share. It skyrocketed from that dollar point, eventually managing a $39.93… Read More

Cisco Pops 2.5% After Reporting Better-Than-Expected FQ4 Revenue Of $12.84B

screen-shot-2015-05-13-at-1-18-50-pm After the bell, Cisco reported its fiscal fourth quarter financial performance, which beat market expectations. The company detailed revenue of $12.84 billion in its fiscal period, resulting in earnings per share of $0.59, using adjusted accounting techniques (non-GAAP). On a GAAP, or normal accounting basis, Cisco earned a slimmer $0.45 per share on net income of $2.3 billion during… Read More

Rackspace Pops 5% After Reporting Lackluster Q2 Results Buttressed By The Promise Of Share Buybacks

rackspace-earnings Following the bell today, Rackspace reported its second quarter financial performance. The company mostly missed street expectations, with lower-than-expected revenue, and earnings-per-share that just met expectations. Shares in the hosting company are up just under six percent in after hours trading. Rackspace reported profit of $0.20 per share on revenue of $489 million in the three… Read More