IPOs flee from bear market

As the tech-heavy Nasdaq enters a bear market, down more than 37 percent from its high, companies are shying away from initial and secondary public offerings.

Web consultant Zefer (Nasdaq: ZEFR) announced the postponement of its debut Friday, leaving the IPO slate blank on what is usually the most active day for initial public offerings. After one-third of last month's IPOs were broken, or fell below the initial price, more than five issues were postponed this week. Full story. -- Tiffany Kary, ZDNet Inter@ctive Investor