Gaining Currency by Going Private in This Economy
August 3, 2009 · Posted in tech news
On its Q209 earnings call, Bankrate (NSDQ: RATE) CEO Tom Evans spoke at length about his company’s decision to go private, in a pending deal to be acquired by Apax Partners for $571 million. Some good thoughts on why it made sense, though I’m intrigued by the tone they’ve taken: “we sucked in this sucky economy, hence we’ll be a lot better under Apax”, which doesn’t really sound that good from an acquirer POV.
RealNetworks (NSDQ: RNWK) warned investors last week that it was going to have a dismal Q2, and today it reported revenues of $135.7 million, which fell short of the Thomson Reuters (NSDQ: TRIN) consensus forecast of $139.
Review Dell’s cheap and cheerful Mini 10v is a firm favourite here at Vulture Central but some potential customers are doubtless more interested in capability and functionality rather than absolute economy…
Economic forecasts? National numbers on consumer spending? Who needs them, when we’ve got user data from personal finance site Mint.com?
Okay, so we’re not talking about data that represents the US public as a whole – not only is it a limited group…
- Wall Street Beat: Deals, Earnings Rock IT
- Earnings: RealNetworks Feels Impact Of Economy; Misses Analyst Expectations
- Dell Inspiron Mini 10
- Blending Free & Paid Content To Maximize Visibility And Profit
- Mint.com data: Economy may be bouncing back
- What Yahoo’s Failed Acquisitions Tell Us About The Company
- IBM Snatches Up Companies Left & Right
- Google Sells Stake in AOL, Loses $717 Million
- Jeremy Wright Steps Down As CEO of Blog Network b5media
- Chinese iPod-maker Pays Suicide Victim’s Family $44,000
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