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BUSINESS
June 7, 2011 | Bloomberg News
Avaya Inc., the phone-equipment maker owned by private equity firms Silver Lake and TPG Capital, may file for an initial public offering of stock that would seek to raise about $1 billion, according to a person with direct knowledge of the matter. The company may file as early as this week, said the person, who declined to be identified because the plans weren't public. The Basking Ridge, N.J., company, spun off from Lucent Technologies Inc. in 2000, was taken private in 2007 for $8.2 billion.
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BUSINESS
April 17, 2013 | By Ricardo Lopez
Think Wall Street interns are the best paid? Think again. A recent survey by Glassdoor.com found that the highest-paid interns work for technology and oil companies. Taking the top spot is VMWare, a Palo Alto company that specializes in cloud computing. Its interns earn a monthly base pay of $6,704. Quiz: How much do you know about Google ? Assuming an intern works 40 hours a week, that translates to about $39 an hour. Not too shabby. Interns at EBay, the online auction retailer, were the next best paid, making $6,500 a month.
BUSINESS
November 14, 2008 | Jessica Guynn, Guynn is a Times staff writer.
Microsoft Corp. is making a social networking play. The Redmond, Wash., software giant said Thursday that it was adding social networking features to its latest release of its Windows Live Web services. An investor in popular social networking site Facebook Inc., Microsoft has hundreds of millions of e-mail and instant-messaging users. But, like Yahoo, it has yet to tap the underlying social networks that connect those users.
BUSINESS
May 19, 2011
LinkedIn's stock nearly doubled in its market debut because of huge investor demand for the first major U.S. social networking company to go public. The stock traded at $87.11, up 94 percent, Thursday morning after debuting at $83 and briefly reaching $92.99. Renaissance Capital, an IPO research and investment firm, said LinkedIn's 84 percent increase at the open was the biggest for a U.S. IPO since the 2009 debut of OpenTable Inc., a restaurant reservations website. IPO analyst Scott Sweet, the founder of IPO Boutique, credits the increase to LinkedIn selling a relatively small number of shares, 7.8 million.
BUSINESS
May 18, 2011 | By Jessica Guynn, Los Angeles Times
In another sign that anticipation among investors for a crop of new social networking companies is heating up, LinkedIn Corp. on Tuesday raised the expected price range of its initial public offering 30%. "There is crazy demand," said Colin Gillis, an analyst with BGC Partners who is not affiliated with LinkedIn. LinkedIn now plans to sell shares for $42 to $45 each, a move that lifts the company's valuation to more than $4 billion, according to a regulatory filing. At the upper end of that price range, LinkedIn could raise more than $405 million.
BUSINESS
June 15, 2011 | Bloomberg News
Pandora Media Inc., the online-radio company, gained on its first day of trading as investors raced to benefit from the biggest surge in Internet share sales since the dot-com boom a decade ago. The Oakland company rose 8.9 percent in its debut on the New York Stock Exchange, under the symbol P. It sold 14.7 million shares yesterday at $16 apiece, raising $234.9 million in its initial public offering. That was above the top of the range of $10 to $12. Investors are flocking to technology IPOs after professional-networking website LinkedIn Corp.
BUSINESS
June 28, 2011 | Bloomberg News
Zynga Inc., the biggest developer of games for Facebook, will file for an initial public offering Wednesday, according to GreenCrest Capital Management, which cited a "major investor" in the start-up. The company has chosen Morgan Stanley to be the lead underwriter of an offering that will raise more than $1 billion, said Nitsan Hargil, an analyst at GreenCrest, which focuses on closely held firms. He didn't name the investor, saying only that it was an early backer of Zynga. Zynga, known for FarmVille and Texas HoldEm Poker, is joining the biggest wave of Internet IPOs since the dot-com heyday in 2000.
BUSINESS
January 31, 2012 | By Andrea Chang, Los Angeles Times
Major tech firms including Google Inc., Facebook Inc. and Microsoft Corp. have teamed up to fight email phishing scams. Members say the partnership will lead to better email security and protect users and tech brands from fraudulent messages. The group, which calls itself DMARC — for Domain-based Message Authentication, Reporting & Conformance — says it wants to help reduce email abuse by standardizing how email receivers perform authentication. Now email senders will get consistent authentication results for their messages at Gmail, Hotmail, AOL and any other email receiver using DMARC.
BUSINESS
April 6, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO — Facebook Inc. has found a home on Wall Street — Nasdaq will be listing the social networking giant's shares for its hotly anticipated stock market debut, according to Sam Hamadeh, chief executive of research firm PrivCo. No official announcement was made Thursday by the company or the stock exchange. Hamadeh said he confirmed the information with two sources close to the deal that he declined to name. The tech-heavy Nasdaq and its rival, the New York Stock Exchange, had waged a high-stakes competition to land the biggest technology initial public stock offering since Google Inc. went public in 2004.
BUSINESS
May 3, 2013 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO - LinkedIn Corp. has consistently beat Wall Street expectations since its initial public stock offering two years ago. The professional networking service did it again Thursday, reporting first-quarter revenue and net income that surpassed forecasts. But its outlook for the rest of the year fell below analyst expectations, disappointing investors and causing the stock to plunge in extended trading. The company also showed signs of slowing growth. LinkedIn shares, which closed up $6.85, or 3.5%, at $201.67, fell 10% to $181.30 in after-hours trading after the Mountain View, Calif., company released its first-quarter results.
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