Buy.com IPO doubles
Buy.com's (Nasdaq: BUYX) initial public offering opened at 30 1/8 Tuesday, more than double its offering price.
Buy.com's (Nasdaq: BUYX) initial public offering opened at 30 1/8 Tuesday, more than double its offering price.
A batch of strong IPOs was revving up as heavyearnings from Cisco (csco) rallied techs at middayWednesday. The Nasdaq rose 36.
Web consultancy MarchFirst (mrch) on Monday said it is laying off about 1,700 employees, or 30 percent of its entire work force, amid its sale of certain assets to Divine, a former venture capital firm recently turned software maker. Chicago-based MarchFirst, which has been mum on reports of expected job cuts during recent weeks, began laying off several employees late last week, offering most only a two-week severance package.
PRAGUE, Czech Republic -- The daily water torture on the Nasdaq is also front-page news on this side of the Atlantic.Industry leaders say the sell-off in tech stocks has forced many of them to overhaul their tactical -- and even strategic -- planning in response to heightened pressure on many startups to turn a profit sooner, rather than later.
AT&T Wireless couldn't have picked a better ticker to describe its business and initial public offering this week. "AWE" sums it up when it comes to the number of shares offered, the sheer girth of Ma Bell's wireless unit and the amount of cash to be raised.
Germany's private equity (PE) market is regaining momentum, with the houses operating in this segment investing EUR 3.766 bn in 2004.
SYDNEY -- An online complaints database invitesAustralian consumers to dish out the dirt on companies with poorcustomer service. Local startup Badservice.
A Cambridge, England, startup is soon hopingto make passwords passe at high-tech companies,in favor of one-time tokens. Full story.
Management and technology consulting firm Accenture on Tuesday said it is teaming with software services provider Loudcloud to market and deliver Web-focused services.
The Xerox PARC research center, where computer innovations from the mouse to the graphical user interface were developed, is up for sale, according to a report in the New York Times Thursday. The troubled copier company is looking to sell off assets as part of a recovery, and has shopped PARC to at least once venture capital firm.