As some investors had feared, Research In Motion this afternoon reported worse-than-expected results for its fiscal first quarter ended June 2, posting a large loss as demand for the company's BlackBerry smartphones continued to crumble.
A business friend told me about a presentation he saw this week from a top I-bank, one that did not book-run the Facebook IPO. They say the IPO window is now closed. Reasons given: The Facebook IPO was a disaster.
Yahoo’s embattled CEO Scott Thompson is set to step down from his job at the Silicon Valley Internet giant, in what will be dramatic end to a controversy over a fake computer science degree that he had on his bio, according to multiple sources close to the situation
The markets are following Buffett– who waxed enthusiastic about stocks, and negatively about bonds and gold in his highly followed 2012 letter to Berkshire shareholders. A major realignment may be in the works as the Fed’s balance sheet may be no longer be so expansive, and the velocity of money has substantially fallen, too.
SAN FRANCISCO (MarketWatch) -- Groupon Inc. shares climbed more than 13%, to $3.53 a share Tuesday, after a New York-based hedge fund disclosed it had acquired a 9.9% stake in the online daily deals company.
Prepare yourself for another stock market crash as big as the free fall in October 1987, writes Mark Hulbert. At current levels, that would mean a Dow decline in a single session of more than 3,000 points.
Facebook, the social-networking company that launched its IPO in May, reported quarterly earnings for the first time on Thursday afternoon. The numbers were so-so with earnings per share meeting expectations, but in no way resembling the kind of excitement that is usually associated with a huge growth story that is rocketing to the heavens.
Gone, up in smoke, after the debacle that was the highly-anticipated-but-ultimately-botched $16-billion debut of Facebook.
As more gory details and a parade of lawsuits materialize, it is clear that the whole fiasco will likely further discourage investors — even those big institutions accustomed to risk — from participating in initial public offerings, especially tech deals.
At the annual shareholder's meeting for Berkshire Hathaway on Saturday, Warren Buffett and his business partner, Charlie Munger, both said they won't be investing in Facebook when the tech company finally releases its IPO. ...
We've heard quite a few opinions about who's to blame for Groupon's IPO fiasco ever since the company announced a restatement of its earnings last Friday and indicated that it had material weakness in its internal controls.
Apple outlined plans on Monday to pay its first dividend in 17 years as the US technology group, sitting on a cash pile estimated to exceed $100bn, conceded it could not return cash to shareholders as quickly as it was generating it.
According to a bit of analyst chatter, Samsung has their eyes on Waterloo-based RIM, and more specifically the new mobile operating system they’ve got cooking in the oven right now. If these reports hold true, then Samsung is ultimately after a minority stake in RIM and access to BB10, which they will load onto some of their forthcoming handsets.