SOURCE: FORBES Why Did Merrill Exit The Google IPO? 06.22.04, 9:07 AM ET Prudential Equity Group said it believes that media reports which suggest that Merill Lynch (nyse: MER - news - people ) opted out of the syndicate of banks underwriting the upcoming Google initial public offering because the deal would not have been profitable enough probably are correct. Prudential noted that Merrill Lynch's name was absent from Google's revised IPO filing. "We disagree that Google's likely...
SOURCE: Knowledge At Wharton Lessons from Google's IPO After more than more than three months of filings with the Securities and Exchange Commission, public miscues, pricing changes and enough legalese to make a lawyer dizzy, Google's initial public offering is one for the record books. Experts at Wharton and elsewhere say Google's IPO, on the surface, seems to be a success, but they note it's too early to issue a verdict. After all, Google did raise $1.67 billion by going p...
SOURCE: FORBES A Motive For IT Spending Erika Brown, 08.26.04, 6:00 AM ET SAN FRANCISCO - It's been a tough recession for tech spending and a tough summer for tech stocks. But a Texas software outfit might give investors a reason to get back in the market. The U.S. recession was especially brutal for IT departments. Desperate chief financial officers took machetes to their IT corps and tech spending. Yet the demands on networks multiplied as companies hooked in customers, sup...
SOURCE: FORBES Buying Vs. Renting Marianne Hayes, 07.26.04, 6:00 AM ET NEW YORK - With interest rates staying low, buying a house continues to be an attractive offer, but many Americans are better off renting. Here's how to determine which road you should take. Last week, interest rates on 30-year mortgages fell to an average 5.98%, a three-month low. But as the economy picks up, it's a solid bet that rates will rise. This affects not only buyers but possibly renters too. For ...
SOURCE: CNET NEWS.com Security pro: Windows easier to 'own' Published: August 13, 2004, 12:47 PM PDT By Robert Lemos Staff Writer, CNET News.com Microsoft has been waiting for security researchers to say that its Windows operating system has a lower total cost of ownership. One finally has, but that's not good news. On Friday, David Aitel, a noted security professional and managing director of vulnerability assessment firm Immunity, published a paper stating that "owning" a ...
SOURCE: NY Times Controversial Overtime Rules Take Effect By STEVEN GREENHOUSE Published: August 23, 2004 The Bush administration's new overtime rules go into effect today, but the Kerry campaign has already begun attacking the overhauled regulations, saying they will hurt millions of American workers. Urging President Bush to scrap the rules, the Kerry campaign and organized labor say the regulations will exempt up to six million additional workers from receiving overtime ...
SOURCE: NY Times Google's Offering Proves Stock Auctions Can Really Work By FLOYD NORRIS Published: August 23, 2004 It worked. Google's auction process, both criticized and feared on Wall Street, could have gone much more smoothly, and investors might yet regret putting money into a company that plans to go its own way regardless of what others think. But the fact is that Google managed to go public at a very attractive valuation - many times higher, for example, than the ...
SOURCE: CNET NEWS.com A billion PC users on the way Published: August 2, 2004, 4:00 AM PDT By Michael Kanellos Staff Writer, CNET News.com By the end of the decade, a billion people will be clicking away at computers, but generating a profit out of newly wired portions of the world is going to take a lot of work. The number of PC users is expected to hit or exceed 1 billion by 2010, up from around 660 million to 670 million today, fueled primarily by new adopters in develo...
SOURCE: NY Times Toys 'R' Us May Sell Global Toy Business By REUTERS Published: August 11, 2004 Filed at 6:23 p.m. ET NEW YORK (Reuters) - Retailer Toys R Us Inc. (TOY.N), slammed by intense competition from discounters such as Wal-Mart, may sell its toy business and focus on its fast-growing Babies R Us unit, the company said Wednesday. Toys R Us, whose shares fell 6 percent on the news but later recovered, said it plans to separate the ownership of its two businesses and i...
SOUCRE: CNET NEWS.com Is Apple becoming the Microsoft of music? Editor's Pick from around the web The iPod is designed to play music purchased from Apple Computer's iTunes service and files in the MP3 format, but not songs from all competitors. So RealNetworks released software this week that allows its music to be played on the portable device, much to Apple's consternation. Has Real adopted the "tactics and ethics of a hacker," as Apple puts it, or has the Mac maker taken a pag...
SOURCE: CNN Cell service may be next wave in cruise technology Wednesday, July 21, 2004 Posted: 10:33 AM EDT (1433 GMT) MIAMI, Florida (AP) -- Pam Lome loves sitting on the deck when she's on a cruise, the shoreline shrinking on the horizon as the ship pulls out to sea. It's relaxing to know that, at least for a short time, she's leaving her everyday troubles behind. "It's supposed to be a way to get away from it all," said Lome, a 45-year-old former travel agent from Buffalo G...
SOURCE: Netscape Money and Business Google Opens Site to Register Bidders By MICHAEL LIEDTKE SAN FRANCISCO (AP) - Google Inc.'s highly anticipated IPO took a major step toward reaching the stock market late Friday when the online search engine leader opened the Web site where prospective investors must register to bid for the company's shares. The site, www.ipo.google.com, is meant to be the first stop for anyone interested in getting a piece of an initial public offering expect...
SOURCE: HowStuffWorks How Maybachs Work by Marshall Brain Let's say that you've just won the lottery. Chances are that one of the first things you would buy is a new car. What kind of car would you get? It really depends on how much money you want to spend and what kind of image you want to portray as you drive around. For example, let's say that you would like to blow $50,000 on a car. There are a lot of options. Everything from a new Corvette to a Hummer 2, along with all sorts ...
SOURCE: Netscape Careers and Jobs Job Burnout: Symptoms and Remedies By Kate Lorenz, Careerbuilder.com editor Today's work culture of heavy workloads, longer days at the office, less time spent at home and fewer vacation days taken is causing rampant job burnout. In fact, 68 percent of workers report feeling burned out at the office, according to a recent CareerBuilder.com survey. So what are some symptoms you're suffering from job burnout? Mary Rose Remington, author of Career ...
Source: Village Voice Generation Debt: The New Economics of Being Young by Solana Pyne One Sick Fall With health insurance out of reach, a generation braces itself for the worst July 13th, 2004 11:30 AM If they're not outright poor as a class, young adults in this country are at least very, very broke. The average collegian graduates with more than $20,000 in debt, headed for a job market where real hourly wages have kept pace with neither inflation nor the cost of living. Yo...