Ashlee Vance from the Bits Blog has a nice piece on why Cisco raised another $4b of cash through a debt offering yesterday even though they have $30b in cash. "As word of Cisco’s debt sale hi...
https://www.beyondvc.com/2009/02/cisco-raises-another-4b-in-cash-and-looking-for-acquisitions.html
I just got the 451 Group’s summary on the top M&A bankers for 2007. As with 2006, Goldman Sachs was #1 on the list. Take a look: Top five overall advisers, 2007 �...
I am not sure if you saw the news, but Salary.com recently filed for an IPO to raise up to $50 million. On the book is Thomas Weisel Partners, William Blair, Needham, Pacific Crest, and Wachovia....
Oftentimes I am asked what my plan for exit is when I invest in a company. Sure I have a plan when I invest, but it is impossible to predict the future. The best plan in my mind is to make su...
As we all know, Google got whacked because it missed Wall Street’s projections. Sure, investor expectations are quite high for Google especially when they are paying 90x earnings. However, ...
I had lunch with a friend of mine yesterday who is an officer with a public technology company. As we started discussing his business, one of the topics of conversation was Sarbanes Oxley. Hi...
I was reading Barron’s this morning and came across an article (sorry-need subscription for this) claiming Cisco’s potential appeal as a value stock. It is hard to believe that this high fl...
I was catching up on my Barron’s this week and a quote from Ajay Kapur of Citigroup caught my attention. When discussing his macro investment themes Ajay said, "The world is driven by Asian e...
Ok, now for some boring accounting stuff. Red Hat (RHAT) recently restated its financials. Its auditor, PWC, suggested that it change its revenue recognition policy. According to a CBS Marketwatc...
Russell Beattie has a thorough post on Jamdat Mobile’s IPO filing. This is significant because this is the first so-called “wireless application” play to hit the market. For those of you th...
Jeff Nolan has a good overview of stock option expensing, and why we should get involved. While I agree for the need for complete transparency of stock options, I also do not believe that expensi...
There have been a number of IPO fillings recently, but the one that intrigues me most is the filing by Lindows. As many of you have read, Lindows/Linspire just filed an S-1 to raise $57 million i...
It was just a matter of time before an investment bank launched a nanotech index. During the bubble years we had an index for everything ranging from Internet ad-related companies to Internet com...
I was with a banker today talking about the influx of new IPO filings and the end result of our discussion was the following: 1. Filing does not mean anything, the companies may never go public 2...
So while I was at PC Forum, my partner, Ned Carlson, sent me an email on the recent IPO filing of Seven Networks. Having talked to a number of bankers, we always thought that one needed $6-8mm of...
Congratulations to Expertcity and Andreas, John, and Klaus. It has been great to work with you from a board level over the last 4 1/2 years. When the transaction closes, I look forward to writing...
So Checkpoint is going to buy Zone Labs for $205mm. Here are my thoughts on the deal. Zone is expected to do around $28mm of revenue in 2003 and $42mm in 2004. The revenue multiple is 7x for 2003...
Yes, this is old news and much anticipated. Just one word of caution for us venture capitalists and entrepreneurs-let’s not equate this to a return to the mid-to-late 90s IPO boom. According to...
Do you remember the name Jonathan Cohen? Jonathan, who was negative on Internet stocks in the late ’90s, was replaced by none other than Henry Blodget at Merrill Lynch. Henry’s $400 call on A...