We knew the IPO market was bad for venture capital-backed startups, but it seems the M&A market isn’t getting any easier for them either. At least that’s what Paul Deninger, an investment banker at Jefferies & Co, said at a technology summit at Stanford University.
“The M&A market is going to get tougher,” Deninger warned. “We’ve […]
Posted on July 24th, 2008 by
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After taking a breather Wednesday, the recent rally in financials was sucking a little wind Thursday, along with the broader market.Clearly, there’s some “buy the rumor, sell the news”-type activity associated with the
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Wall Street began the week with hope the worst of the crisis has passed. But reality keeps getting in the way.The stock market slumped Thursday in the wake of woeful existing home sales data and a sharp rise in jobless claims. The Dow fell 283 points, or
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Déjà Vu for Clear Channel shareholders. Ten months ago, they gathered in San Antonio to approve a $39.20 a share deal. Today, they’re back voting on a shaved price of $36 a share. The deal has seen enough drama over the past couple of years to rival an HBO series, with upset shareholders, wrangling between […]
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Oil stabilized Thursday after a rapid 15% decline from its recent record high of $147 per barrel.Some are attributing crude’s fall to the work of speculators. The Wall Street Journal suggests the collapse of SemGroup, an oil marketing firm that got burned
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Microsoft’s latest shift in its Internet strategy ups the ante for the company’s annual meeting with analysts today in Redmond.Earlier,
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If there’s any Web developer awake in San Francisco this morning, it’s because he or she hasn’t yet gone to bed. Yesterday was Facebook’s second annual developer conference, which started with an early afternoon keynote from chief executive Mark Zuckerber
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News from two big retailers Wednesday provides a window into the state of consumers.After the close, Amazon.com reported much-better-than-expected second-quarter results and raised revenue guidance for the remainder of the year.While
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