Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
which company are you refering too?
gl
juniper is the "telecom equipment maker".
gl
worth a read.
http://seekingalpha.com/article/320660-carlyle-group-ipo-is-the-juice-worth-the-squeeze-glencore-redux
Surely I am unlikely to be the only one to write a post warning those of you considering buying the Carlyle Group (CARL) IPO, however, instead of boring you with any sort of complex financial and other analysis, I’m going to keep it simple, real simple, as I did when I explained some risks associated when the possibly most evil company on the planet went public last year. For a slightly more complicated take on investing in PE/alternative asset manager IPOs, this post from The Epicurean Dealmaker is a very good starting point (and includes links to other similarly excellent writeups).
1. While we’re not totally comparing apples to apples here, I’d like to present the following chart of the performance of publicly traded alternative investment management firms, without further comment (if you don’t get the point, I really can’t help you, its that obvious):
(Click to enlarge)
Ok, I’m adding further comment. When people whose job is to buy low and sell high – and who have done a pretty damn good job doing it – are selling, why the hell would you be buying? Do you think you’re going to get a better return than they are? Best of luck!
(Click to enlarge)
2. Valuing some of Carlyle’s various investments its incredibly difficult, time consuming, and subject to much, oh, shall we say “educated guess work,” to put it nicely. Valuing the fund management company is even worse. This is even more the case given the way in which Carlyle is listing, not as a typical corporation, but as a fairly convoluted sort of – as a securities lawyer friend of mine commented – a “baby Limited Partnership,” as the NYT has so kindly (attempted to) explain for those lacking the time/expertise to read the full explanation in the registration statement. You’re basically giving them your money without getting any of the typical rights associated with so doing. Imagine not being able to sue a Doctor if he or she committed malpractice. Again, not apples to apples, but I think you get the gist of what I’m trying to get at.
3. Do you know every project/company in which Carlyle invests? While I’m no fan of “socially responsible investing,” some people who like to make their views held with their wallet might not want to own a public Carlyle. When your goal is to achieve tremendous investment returns, you don’t much care about the morality of an investment unless its actually a legal/regulatory/etc issue, and even then, those can sometimes be mitigated/hedged. If you own mutual funds or invest in stocks through your retirement/pension/endowment/etc funds, there’s a fair chance you’re going to end up owning a little bit of Carlyle, as managers inevitably try to buy (what’s perceived as) “best of breed” (which is another conversation for another time).
4. I haven’t even read more than a few pages of the S-1, let alone performed any real analysis, so for all I know maybe these (potential) reward outweighs these basic risks. Carlyle is one of the biggest, strongest PE firms in the world, something which is unlikely to change in the immediate future (although brain drain is certainly not impossible).
UPDATE 1-Carlyle Group may sell 10 pct stake in IPO
http://www.reuters.com/article/2012/04/03/carlyle-group-idUSL2E8F34O220120403
Tue Apr 3, 2012 12:34pm EDT
* Says existing owners may be left with 90 pct in one holding co.
* Such sale would be small compared to other private equity firm IPOs
By Greg Roumeliotis
April 3 (Reuters) - Private equity firm Carlyle Group LP, with about $147 billion in assets under management, may sell a 10 percent stake in its upcoming initial public offering, according to a regulatory filing published on Tuesday.
William Conway, Daniel D'Aniello and David Rubenstein, who founded Carlyle in 1987, have registered an IPO that is expected as early as April and have recruited 21 banks to help market it to investors.
The founders will not pocket any IPO cash directly. Instead, proceeds will be used to pay down debt and finance operational needs, acquisitions and new fund commitments, the filing said.
In the first indication of its intentions on the size of the sale, Carlyle said it assumed its existing owners would own about 90 percent of one of Carlyle's holding entities after the sale, which on a pro-rata basis would result in 10 percent of the overall holdings being sold.
The offering is for a nominal amount of $100 million, but that does not necessarily reflect the size of the sale or the firm's valuation. Were Carlyle to proceed with a 10 percent stake divestment, the sale would be proportionally smaller than those of its peers.
Blackstone Group LP raised about $7 billion by selling a 24 percent stake in its IPO in 2007, including a 9.9 percent stake to China's state investment company.
KKR & Co LP transferred its listing from Amsterdam to New York in 2010. About 30 percent of its shares were listed in New York.
"Carlyle is probably trying to use the small stake sale to test the waters, they may very well increase the size," said Scott Sweet, managing partner at IPO Boutique.
"Psychologically, it sounds better and seems as if they want to keep more control of the company. They're likely to do a multitude of secondary offerings after."
In 2007, Abu Dhabi state investment firm Mubadala bought a 7.5 percent stake in Carlyle for $1.35 billion. CalPERS, the California pension fund for public employees and one of private equity's largest investors, took a 5.5 percent stake in 2000.
Updated IPO calendar
http://ipoboutique.com/ipo-calendar.html
gl
slyder, long time no see.
thats why i bought the cup last year:)
gl
lol
exciting times!
gl
expectations were very high. feels like it was yesterday.
gl
outside of Linkedn, and yelp which i love.
I would def keep an eye on Carlyle group, and Resrtoration hardaware.
should be a good year, if things continue on the up!
gl
old article, but great read!
http://247wallst.com/2012/01/06/the-17-most-important-ipos-to-watch-in-2012/
The 17 Most Important IPOs To Watch In 2012
January 6, 2012 by Administrator
The initial public offering market in 2012 is likely to be much stronger than many anticipate. Despite the lingering uncertainty and the underperformance of many popular IPOs in 2011, this year may see some very exciting underwriting activity with more than 200 companies hoping to go public. 24/7 Wall St. has evaluated dozens of IPO candidates to find the Top 17 IPOs To Watch In 2012.
Facebook and its $100 billion valuation, although by far the largest on our list, is just one of many IPO potentials which will be in high demand. A new stock exchange, a host of online media outfits, a giant casino, big name retail, and private equity are all trying trying to have successful IPOs in 2012. You do not have to be an approved Second Market account holder or a venture capitalist to have a stake. Investors in 2012 can invest through business development outfits like GSV Capital Corporation (NASDAQ: GSVC), which owns shares of Facebook and Twitter, and Keating Capital, Inc. (NASDAQ: KIPO). These pre-IPO funds were not available ahead of many of the top 2011 IPOs. There is even the First Trust US IPO Index (NYSE: FPX) fund for investors looking at other investment strategies around IPO investing.
But other than those listed here, there are many other potential IPO candidates waiting in the wings. Among the private equity’s past giant leveraged buyouts are Univision and Clear Channel in media and TXU in power and electricity, which could all be potential IPO candidates if and when the market will accommodate them. Also, such companies as the fashion-deal site called Gilte Groupe, the “Angry Birds” video game maker Rovio, and others are also waiting in the wings with possible IPOs.
24/7 Wall St. has compiled a detailed review of each of the expected top IPOs for 2012. We have included details on the finances, backers, related entities, financial terms, the size of the IPO, and even the underwriting groups.
1. BATS Global Markets, which was founded in 2005, first filed to become a public company in May of 2011. The company, which started as an alternative to the NYSE for equities trading in Europe and the U.S. is now the third largest equity exchange in America and operates the second largest pan-European multilateral trading facility. As such, this IPO is is a key one for investors of exchanges and trading platforms. BATS plans to raise up to $100 million through the offering. More than 90% of the company’s revenues come from trading U.S. equities. These days it is also a primary listing venue, meaning it can conduct IPOs. The global operator of stock and options markets plans to list its shares on its own exchange rather than the NYSE under the ticker BATS. The offering will have a dual-class share structure and the bankers are listed as Morgan Stanley, Citigroup, and Credit Suisse.
2. Caesars Entertainment Corporation filed for its IPO in late 2011. This IPO is a holdover from the private equity buyout days when the company tried to go public but later retracted the offering. No exchange was specified nor was a ticker set in the filing. As of September 30, 2011, the company owned or operated 52 casinos in a dozen U.S. states and seven countries under the brand names of Caesars, Harrah’s and Horseshoe with a total gaming space of 3 million square feet and about 42,000 hotel rooms. Caesars Entertainment is what’s left of the massive $9.3 billion buyout by Apollo Global Management, LLC (NYSE: APO) and TPG in 2005. Sales in the first nine months of 2011 were more than $6.6 billion and operating income was was over $600 million, with a net loss after items of $467 million. Private equities and casino operators are paying close attention to this IPO. If the real size of the overall company is too large, perhaps the private equity firms may consider breaking the underlying companies up into separate offerings and utilize a ‘keiretsu’ approach under a network of companies.
Read Also: DJIA 2012 Gain of 12% Projected
3. The Carlyle Group, L.P. filed to raise up to $100 million in securities in September 2011. As one of the best known names in the world of private equity IPO be one to watch, for investors and other private equity companies. No ticker and no exchange were designated in the filing, but the company named J.P. Morgan, Citi, and Credit Suisse as the lead underwriters. With more than $150 billion in assets under management, this private equity giant is a key player in real assets, global market strategies, and now also in funds of funds after buying a 60% equity interest in AlpInvest. With several private equity companies already publicly traded, Carlyle has been an IPO candidate group for years.
4. Facebook is going to be the king of all IPOs of 2012. The double-question is when exactly will it go public and at what price? Facebook is a monster in social networking that has changed the world and the ways of communication. The company is supposedly going to release its financials in the second quarter to comply with regulatory standards over its number of shareholders. With Mark Zuckerberg aiming for a $100 billion valuation at the offering, Facebook could literally be valued at more than all of the top and important IPOs of 2012 combined. It was just over a year ago that many thought that $30 billion and $40 billion valuation was too high and the many private sales have since commanded a much higher valuation. The underwriting firms and the exchange it will list on are yet unknown, as is the share structure. Will it follow the LinkedIn Corporation (NYSE: LNKD) share structure? Facebook’s estimated $100 billion valuation is expected to come with a $10 billion stock sale. Alexa still ranks Google first in traffic measurement of all global websites, but Facebook is coming on strong in many online measuring metrics.
5. Glam Media is an online media and advertising network focused on targeting the female market. The company made the news late last year after reportedly speaking to investment banking firms like Goldman Sachs, Morgan Stanley, and BofA about going public, but the filing is not expected before mid-2012. Glam claims to have about 1,000 brand advertisers and sales of over $100 million. It acquired Ning as a custom social site design tool for somewhere in the $150 million area. Whether this will be a normal IPO with a single-class or a dual-class structure is not known and that depends largely on the performance of other recent media and social networking IPOs.
6. Gogo Inc., which filed right before Christmas of 2011, provides the in-flight connectivity, entertainment, as well as Internet for several large airlines, including Delta Air Lines, American Airlines, Virgin America, and US Airways. The filing was for up to $100 million, and the stock is set to trade under the ticker GOGO. Investors will have to hope that the performance of Boingo Wireless, Inc. (NASDAQ: WIFI) does not hurt Gogo’s IPO value. As of September 30, 2011, Gogo had equipped 1,177 commercial aircraft. Consolidated sales in the first nine months of 2011 grew 89% to $113.8 million. Lead underwriters included Morgan Stanley, J.P. Morgan, and UBS. Major holders are Ripplewood Holdings, Oakleigh Thorne, and AC Partners.
7. GrowOp Technology Ltd. has been an IPO-hopeful for quite some time. The company is the technology provider to much of the medical marijuana growing industry. So far, GrowOp has raised capital through Form D filings. We interviewed founder Derek Peterson in 2011 when an IPO was on track to occur. But the field of supplying growing lab equipment for the use of medical marijuana has undergone quite a bit of change in the last year, causing the company to put the 2011 IPO on hold. With some other companies having in the field having conducted reverse mergers or hoping to raise capital, GrowOp will be a company to watch.
Read Also: Best Big Biotech Stock Picks For 2012
8. Kayak Software has had many amended filings for its IPO of up to $50 million in common stock. It will have one of the dual-class structures and trade as KYAK on NASDAQ. Deutsche Bank is counted in the underwriting group. Kayak.com was started in 2004 by the co-founders of Expedia, Travelocity and Orbitz. It instantly compares hundreds of travel websites in one search. With so many users online looking for travel deals, and with a popular and straight forward business model, Kayak is going to be watched closely. While the acquisition of IATA by Google Inc. (NASDAQ: GOOG) may be a challenge for Kayak, past strength of Priceline.com Inc. (NASDAQ: PCLN) and other online travel sites is likely to keep investors’ interest high.
9. Living Social has not yet filed for a public offering but is one of the long-standing IPO candidates. It competes directly with Groupon, Inc. (NASDAQ: GRPN) and claims to be the fastest growing ongoing deals sites out there. The company’s financials are not public and revenue figures vary from source to source. Living Social has over 34 million U.S. members and over 46 million users globally, 603 daily deal markets worldwide in 25 countries, over 22 million vouchers bought by members worldwide, and more than 3,900 employees located throughout each market served. It has reportedly been trying to raise up to $400 million in December, with a projected market value of $6 billion at the time.
10. Platinum Energy Solutions, Inc. is not the largest of the pending oil and gas IPOs of 2012, but itis still relatively new and is focused on the controversial hydraulic fracturing sector in the domestic shale regions in America. The Houston-based outfit filed for an IPO of up to $300 million in common stock under the FRAC ticker on the NYSE at the very end of the third quarter in 2011, with Morgan Stanley and J.P. Morgan set to lead the offering. Platinum’s customers are Petrohawk in the Eagle Ford Shale, a major independent operator in Altamont Field in Utah, and Encana Corporation (NYSE: ECA) in the Haynesville Shale. With fracking so controversial and with most operations being so new, investors (and competitors) will be paying close attention to this IPO.
11. Restoration Hardware, a high-end furniture retail company, is yet another private equity buyout which filed in September 2011 to sell up to $150 million in common stock. It still has no proposed ticker nor a proposed exchange, but it used to trade as RSTO on NASDAQ. The private equity buyers were Catterton Management, Tower Three Partners, and Glenhill Capital. As of July 30, 2011, the retailer operated 87 stores and 10 outlet stores in the U.S. and Canada. In 2010, it sent out about 46.5 million catalogs and generated over 12.1 million unique visits on its website. In the first half of 2011, revenues rose 27% to $420.4 million over the first six months in 2010, and net income rose to $1.1 million from a net loss of $11.3 million. While not a major private equity buyout, the company listed BofA and Goldman Sachs as the lead underwriters, and many smaller private equity shops with a focus on retail and consumer spending will be paying close attention here.
12. Silver Spring Networks, Inc., which offers smart grid networking technology solutions, filed to sell up to $150 million. For those interested in the green or efficient energy sector, this IPO is the one to watch. The smart grid helps in advanced electricity metering, improved grid reliability, efficient energy management, and compliance with regulatory mandates. Morgan Stanley, Goldman Sachs, and Credit Suisse are the book-runners, but there are ten firms in total on the offering. SSN’s sales were $175.7 million in the first nine months of 2011 and the company is losing money. Rather than just selling “green” this outfit sells efficiency, and that is likely to make IPO watchers look at the opportunity several years out rather than backwards.
13. Smith Electric Vehicles Corp. filed in November 2011 to sell up to $125 million in common stock and it plans to list under the ticker SMTH on the NASDAQ. It also hired UBS and BofA as the lead underwriters. Smith design, produces and sells zero emission, medium-duty commercial electric vehicle trucks and vans with set routes of up to 120 miles. It is already selling to major commercial fleets in the U.S. and Europe. In the 12 months ending September 30, 2011 it had sold 320 vehicles. It recently noted an order backlog of 120 vehicles, and it has allocated nearly all of its estimated 540 production slots through July 2012 with written indications of interest from existing and potential customers for approximately 2,220 vehicles from 2012 to 2015. The company’s owners are Tanfield Group in the U.K. (almost 30%), Continental Casualty Company in Chicago (about 15.6%) and Potomac Energy Fund (about 7.2%).
14. Toys R Us was supposed to be one of the top IPOs of 2011, but it was delayed due to market conditions and likely due to lack of investors’ interest. The leading toy and children merchandise retailer in America was taken private in 2005 and is owned almost equally by affiliates of Bain Capital, KKR, and Vornado Realty Trust (NYSE: VNO). It seems investors are not willing to buy into old private equity buyouts where all of the funds go straight to the owners rather than the company. Many other private equity LBOs that are on the sidelines are eager to see how such a large buyout repackaged as an IPO fares. Although an established business, in the world of private equity it is one of the top IPOs to watch. The retailer had 11 underwriters in its most recent filing last year before it pushed back its IPO plans.
Read Also: The Top 17 IPOs of 2011
15. TransUnion, one of the leading consumer credit reporting and monitoring businesses, filed in July 2011 to sell up to $325 million in common stock under the ticker TRUN on the NYSE. On top of keeping credit scores so merchants can evaluate credit, TransUnion also runs and owns TrueCredit.com, a consumer credit protection mechanism. In today’s world, credit rating and credit monitoring may be more important than ever. With book-runners listed as BofA, J.P. Morgan, and Deutsche Bank, the filing listed nine underwriters in total. Founded in 1968, TransUnion now claims about 45,000 business customers in multiple industries. Sales were $956.5 in 2010 and $503.4 million in the first half of 2011 alone, while net income in the same periods was $36.6 million in 2010 and -$2.6 million in the first half of 2011 due to fees tied to debt extinguishment.
16. Twitter is another online phenomenon from which Wall Street is eagerly awaiting an IPO. But last year was too soon for the microblogging site to go public due to some top level management shuffles and lack of clarity in a real business model. The posting site is used by millions of people for anything from business, gossip to live news. In December, Kingdom Holdings’ majority owner Prince Alwaleed bin Talal bought a $300 million stake from insiders. It remains unclear when Twitter will file for an IPO. Some reports say it will be in 2012, while others project it will be “in the next couple of years.” This is likely an IPO story for later in 2012 as the company’s financial situation is not well known by the public.
17. Yelp, the online user-review business, formally filed for an offering in November 2011. It is going to have a dual-class A and B share structure similar to much of the 2011 Internet offerings. Its proposed ticker is YELP with no exchange selected. Book-runners are Goldman Sachs, Citigroup, and Jefferies. Yelp’s users have contributed over 22 million reviews of local businesses, including restaurants, boutiques and salons, dentists, mechanics, and plumbers. The company claims 61 million unique website visitors in its statistics. At the end of the last quarter on September 30, 2011, Yelp had about 19,000 active business accounts, up 75% from the prior year. Sales in the first nine months of 2011 were up 80% year-over-year to $58.4 million, but it turned in a net loss of $7.6 million for the same period. After so many rumored buyouts Yelp is going to be closely followed by many online companies and interested investors. Backers include Bessemer Ventures, Elevation Partners, and Benchmark Capital.
If you enjoyed the Top IPOs of the year, you can sign up in the box below to join our morning email list to receive news directly in your inbox. We also include major analyst upgrades and downgrades, special situation developments, observations on Warren Buffett and key market gurus, as well as special exclusive feature stories.
showing a lot of strength.
bucking all the initial concerns.
looking forward to the next quarter!
gl all
Should be interesting.
Think yahoo has more to gain by working with facebook.
something will likely workout as there is too much money at stake.
more than 100 billion dollars at stake, considering how many hands are in the kettle!
gl
ty sir!
always a pleasure
gl
hey low trade, i was refering to IMUC.
http://stockcharts.com/h-sc/ui
thanks
thank you for your wishes and personal thoughts on MDGC.
gl
smithson
Small opportunities are often
the beginning of great enterprises.
- Demosthenes
Columbia University sues Illumina over DNA patents
http://www.reuters.com/article/2012/03/26/us-illumina-columbia-idUSBRE82P0VK20120326
By Jonathan Stempel
Mon Mar 26, 2012 1:41pm EDT
(Reuters) - Illumina Inc, a gene-mapping company facing a $5.7 billion hostile takeover bid by Swiss drugmaker Roche Holding AG, was sued by Columbia University on Monday for allegedly infringing five patents related to DNA sequencing.
According to the complaint filed in the U.S. District Court in Wilmington, Delaware, Illumina commercialized its so-called next-generation sequencing (NGS) products despite knowing about the patents, obtained between 2009 and 2012 and assigned to Columbia.
The university said its patents cover NGS technologies that allow rapid and precise DNA sequencing, which are particularly important in using individuals' genomic DNA sequence information as a basis for providing health care.
Each patent has several inventors, including Columbia chemical engineering professor Jingyue Ju, according to the complaint. The university is seeking royalties, triple damages and other remedies.
Illumina makes products that decode a person's entire genome. "We believe these claims are without merit and we will defend against them vigorously," Illumina spokeswoman Jennifer Temple said in a statement about the lawsuit.
It is unclear whether Columbia might have similar claims against other companies.
"Columbia is proud of the outstanding research efforts of its faculty and will defend its patented technology," university spokesman Robert Hornsby said. He declined to comment about other potential claims.
The university filed its complaint hours after Roche extended its cash takeover bid for Illumina.
Roche's bid values Illumina at $44.50 per share, but the San Diego-based company said the offer is "grossly inadequate."
Acquiring the company would give Basel, Switzerland-based Roche a leading position in gene sequencing, which could help better identify patients who might benefit from using particular drugs.
Illumina in 2011 posted profit of $86.6 million on revenue of $1.06 billion.
In its annual report, the company projected that expansion in the sequencing market and its product portfolio would drive demand for its technology over the next several years.
Analysts expect Roche to raise its takeover bid, and shares of Illumina have traded above $44.50 since the original bid became public on January 25.
In afternoon trading, Illumina shares were down 15 cents at $50.31 on the Nasdaq.
The case is Trustees of Columbia University in the City of New York v. Illumina Inc, U.S. District Court, District of Delaware, No. 12-00376.
(Reporting By Jonathan Stempel in New York; Additional reporting by Caroline Copley in Zurich; editing by John Wallace and Gerald E. McCormick)
lowtrade, what is your take on the IMUC.OB chart.
particular reference to the narrowing of the bollinger bands.
its been interesting chart since January 10, 2012.
thanks
gl
BATS IPO: CEO Ratterman should be fired.
http://online.wsj.com/article/SB10001424052702304177104577303904228769094.html
gl
IPO Calendar
Company Symbol proposed Lead Managers Shares (millions) Price Low Price High Est $ Volume Expected to Trade SCOOP Rating Rating Change
Annie’s BNNY Credit Suisse/ J.P. Morgan 5.0 19.00 19.00 $ 95.0 mil 3/28/2012
Priced S/O S/O
Regional Management RM Jefferies/ Stephens 4.2 15.00 15.00 $ 63.0 mil 3/28/2012
Priced S/O S/O
Vocera Communications VCRA J.P. Morgan/ Piper Jaffray 5.9 16.00 16.00 $ 93.6 mil 3/28/2012
Priced S/O S/O
CafePress CPRS J.P. Morgan/ Jefferies 4.5 16.00 18.00 $ 76.5 mil 3/29/2012
Thursday S/O S/O
Merrimack Pharmaceuticals MACK J.P. Morgan 14.3 7.00 7.00 $ 100.1 mil 3/29/2012
Thursday S/O S/O
Millennial Media MM Morgan Stanley/ Goldman, Sachs/ Barclays Capital 10.2 11.00 13.00 $ 122.4 mil 3/29/2012
Thursday S/O S/O
Rexnord RXN BofA Merrill Lynch/ Goldman, Sachs/ Credit Suisse/ Deutsche Bank Securities/ Barclays 23.7 18.00 20.00 $ 450.0 mil 3/29/2012
Thursday S/O S/O
Enphase Energy ENPH Morgan Stanley/ BofA Merrill Lynch/ Deutsche Bank Securities 7.3 10.00 12.00 $ 80.0 mil 3/30/2012
Friday S/O S/O
GasLog Ltd. GLOG Goldman, Sachs/ Citigroup/ J.P. Morgan/ UBS Investment Bank 23.5 16.00 18.00 $ 399.5 mil 3/30/2012
Friday S/O S/O
Luca Technologies LUCA Citigroup/ Piper Jaffray/ Raymond James 8.5 11.00 13.00 $ 102.0 mil 3/30/2012
Friday S/O S/O
Enerkem NRKM Goldman, Sachs/ Credit Suisse/ BMO Capital Markets 7.3 17.00 19.00 $ 130.5 mil 4/4/2012
Wednesday S/O S/O
Erickson Air-Crane EAC Stifel Nicolaus Weisel/Oppenheimer/ Lazard Capital Markets 5.4 13.00 15.00 $ 74.9 mil 4/4/2012
Wednesday S/O S/O
Retail Properties of America RPAI J.P. Morgan/ Citigroup/ Deutsche Bank Securities/ KeyBanc Capital Markets 31.8 10.00 12.00 $ 349.8 mil 4/5/2012
Thursday S/O S/O
BrightSource Energy BRSE Goldman, Sachs/ Citigroup/ Deutsche Bank Securities 6.9 21.00 23.00 $ 151.8 mil 4/12/2012
Thursday S/O S/O
great website
http://www.iposcoop.com/
gl
http://247wallst.com/2012/03/27/facebook-admits-yahoo-problem-in-filing/
Facebook filed a new document in its move toward its IPO. In that document, it admitted that Yahoo!’s (NASDAQ: YHOO) patent claims are a risk to its business. That means that Facebook’s $100 billion may be at risk. And, other companies, which could include AOL (NYSE: AOL), have begun the process of monitizing patents approved during the early years of the internet.
In the filing, Facebook said
From time to time, we receive notice letters from patent holders alleging that certain of our products and services infringe their patent rights. Some of these have resulted in litigation against us. For example, on March 12, 2012, Yahoo filed a lawsuit against us in the U.S. District Court for the Northern District of California that alleges that a number of our products infringe the claims of ten of Yahoo’s patents that Yahoo claims relate to “advertising,” “social networking,” “privacy,” “customization,” and “messaging.” Yahoo is seeking unspecified damages, a damage multiplier for alleged willful infringement, and an injunction. We have not yet filed an answer or asserted any counterclaims with respect to this complaint. We intend to vigorously defend this lawsuit. This litigation is still in its early stages and the final outcome, including our liability, if any, with respect to these claims, is uncertain. If an unfavorable outcome were to occur in this litigation, the impact could be material to our business, financial condition, or results of operations.
The Facebook IPO is probably only weeks away. The debate over the harm Yahoo!’s case could cause will accelerate. And, the estimates of the damages will begin almost immediately
Douglas A. McIntyre
Tags: AOL, YHOO
Posted in Law | Comments Off
24/7 Wall St. is proudly powered by WordPress
http://247wallst.com/2012/03/27/facebook-admits-yahoo-problem-in-filing/ printed on March 28, 2012
should be an interesting story the coming weeks.
gl
http://247wallst.com/2012/03/27/facebook-admits-yahoo-problem-in-filing/
Facebook filed a new document in its move toward its IPO. In that document, it admitted that Yahoo!’s (NASDAQ: YHOO) patent claims are a risk to its business. That means that Facebook’s $100 billion may be at risk. And, other companies, which could include AOL (NYSE: AOL), have begun the process of monitizing patents approved during the early years of the internet.
In the filing, Facebook said
From time to time, we receive notice letters from patent holders alleging that certain of our products and services infringe their patent rights. Some of these have resulted in litigation against us. For example, on March 12, 2012, Yahoo filed a lawsuit against us in the U.S. District Court for the Northern District of California that alleges that a number of our products infringe the claims of ten of Yahoo’s patents that Yahoo claims relate to “advertising,” “social networking,” “privacy,” “customization,” and “messaging.” Yahoo is seeking unspecified damages, a damage multiplier for alleged willful infringement, and an injunction. We have not yet filed an answer or asserted any counterclaims with respect to this complaint. We intend to vigorously defend this lawsuit. This litigation is still in its early stages and the final outcome, including our liability, if any, with respect to these claims, is uncertain. If an unfavorable outcome were to occur in this litigation, the impact could be material to our business, financial condition, or results of operations.
The Facebook IPO is probably only weeks away. The debate over the harm Yahoo!’s case could cause will accelerate. And, the estimates of the damages will begin almost immediately
Douglas A. McIntyre
Tags: AOL, YHOO
Posted in Law | Comments Off
24/7 Wall St. is proudly powered by WordPress
http://247wallst.com/2012/03/27/facebook-admits-yahoo-problem-in-filing/ printed on March 28, 2012
should be an interesting story the coming weeks.
gl
yes, to the last question (as in whats val is upto?)
general question with a general response and please review the Prs' for your concerns and my answer.
Unless, If your asking me what he is personally upto, i dont know or care as i'm not interested in his personal life.
cheers mate
not really.
read the material you alluded too.
gl mate!
due time, and yes to your last question.
gl
you would need to ask Zoroida, as that is not my concern or was my claim. as it was hers. I look forward to your link.
gl
It seems your bigger issue is with TWTC and its relationship with clearwire for its fiber.
Im sorry, i cant help you there.
gl
just incorrect.
the question is about the fiber.
gl
volume is slowing down, after interesting opening 45 minutes!
gl
This was the transparency i was hoping for, should interesting to hear about details at the next conference call. (MDGN meeting FDA advisory committe)
gl
yea, just saw that dump. it was holding up pretty good till than and someone sold below the bid. brutal.
its still early!
gl
trading fairly healthy!
gl
TWTC is a wholeseller like clearwire that offers fiber, not internet service or wireless support. It is a big difference. but something that would have clarified if there was a conversation with the internet (not literally), building mangers, or the TWTC represenatives.
gl
looking at the L2, it seems there are small time traders taking profits!...ie low volume bid wacking bringing it down to earth!
all in all, encouraging!
gl
I dont think this is due to any articles, pumpers or not, this seems to be driven by institutional buys for the past 2 trading days, likely from the Singh conference round robbin.
well orchestrated, and methodical.
the ask was getting hit to limit run-away pps surge.
kudos to CEO and managment
gl
This open-label Phase IIa study will enroll up to 20 dialysis patients with anemia due to ESRD who have been receiving routine EPO injections three times per week. Each patient will receive an individually targeted initial dose of EPODURE Biopumps designed to produce levels of EPO that would replace the routine EPO injections over a period of 4-12 months
hmmmmmmm.....
will likely wait for the US drug application to be intiated!.......
gl
based on the volume at the ask slap, $3.40 (false wall) is the new wall....if that breaks $3.50 would be attainable today!
theoretical that is!
gl
based on the volume at the ask slap, $3.40 (false wall) is the new wall....if that breaks $3.50 would be attainable today!
theoretical that is!
gl
details of the study, and power should dictate credibility of the scientific body!
will be watching public sentiment!
gl
MDGN Cleared to initiate phase 2a anemia study of Epodure Biopump in dialysis patients in Israel!
should see formal announcement in few minutes!
gl