The bottom-feeding frenzy is on.
Startups in record were sold off in the first quarter of 2010, marking the largest number of venture-backed companies to change hands since the National Venture Capital Association began tracking in 1975.
"The exit activity in first quarter of 2010 has engendered a cautious optimism within the venture capital industry,” said Mark Heesen, president of the NVCA, in a statement.
For the quarter ended March 31, 111 venture-backed were sold in M&A transactions compared with 64 deals in the same quarter a year ago. The average disclosed price companies went for was $180.2 million, according to the report.
Leading the boom was IT with 81 transactions worth a combined $2.3 billion. Life sciences came in at No. 2 with 21 deals reaching a combined $2.9 billion.
The largest venture-backed transaction of the quarter went to Ethicon's acquisition of Menlo Park, California, surgical devices maker Acclarent, which sold for $785 million.
IPOs showed signs of life as well, according to the report.
The first quarter of 2010 saw nine venture-backed IPOs come to market valued at $936.2 million, a figure that compares with zero IPOs for the same quarter a year ago. The largest IPO of the quarter went to Ironwood Pharmaceuticals, which raised $187.5 million.
Also, initial public offerings were continuing to trade above water post-IPO. Of the nine that went public, eight were trading at or above their offering price as of March 31.05 April 2010, 12:33 by Red Herring Staff
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Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Apr 26, 2010
Mar 28, 2010
Retailer acknowledges shipping fake Intel chips
SAN FRANCISCO—An online retailer acknowledged Monday (March 8) that it unwittingly shipped counterfeit ICs to some customers who ordered Intel Corp.'s Core i7-920 microprocessors.
The retailer, Newegg.com, said it terminated its relationship with the supplier that provided the devices, identified as wholesaler Ipex Infotech Inc. Newegg said the supplier originally said it had mistakenly sent Newegg "demo units," but that the company later discovered that the chips were counterfeit. Newegg said it is conducting a full investigation into the incident.
The incidents of counterfeit Core i7 920s were reported Monday by several publications, including the Wall Street Journal and PC Magazine. A number of people who ordered the chips instead received crude knock offs, described as a piece of plastic that resembled a chip, according to the Wall Street Journal report.
The counterfeiting of electronic components has been on the rise in recent years despite increased efforts at corporate and governmental levels to fight the crime, according to a report released last month by the U.S. Bureau of Industry and Security. The report described the counterfeiting of ICs as a threat to the health of the industry supply chain and recommended several steps for fighting counterfeiting.
Newegg (Whittier, Calif.) said it top priority is to proactively reach out to all customers who were affected to ensure their absolute satisfaction. The company said it has already sent out a number of replacement units.
Dylan McGrath(03/08/2010 8:32 PM EST)
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The retailer, Newegg.com, said it terminated its relationship with the supplier that provided the devices, identified as wholesaler Ipex Infotech Inc. Newegg said the supplier originally said it had mistakenly sent Newegg "demo units," but that the company later discovered that the chips were counterfeit. Newegg said it is conducting a full investigation into the incident.
The incidents of counterfeit Core i7 920s were reported Monday by several publications, including the Wall Street Journal and PC Magazine. A number of people who ordered the chips instead received crude knock offs, described as a piece of plastic that resembled a chip, according to the Wall Street Journal report.
The counterfeiting of electronic components has been on the rise in recent years despite increased efforts at corporate and governmental levels to fight the crime, according to a report released last month by the U.S. Bureau of Industry and Security. The report described the counterfeiting of ICs as a threat to the health of the industry supply chain and recommended several steps for fighting counterfeiting.
Newegg (Whittier, Calif.) said it top priority is to proactively reach out to all customers who were affected to ensure their absolute satisfaction. The company said it has already sent out a number of replacement units.
Dylan McGrath(03/08/2010 8:32 PM EST)
FREE sample (xDSL/VDSL filters, Connectors, Cable & Wire harness)
Original Article Here
Oct 4, 2008
What slowdown? PC shipments rise 14.5% in second quarter
What slowdown? PC shipments rise 14.5% in second quarter
Computer shipments will rise 12% for the year
By Jim Carbone -- Purchasing, 10/3/2008 2:13:00 PM
Worldwide PC unit shipments grew 14.5% in the second quarter of 2008 compared to the same period a year, defying economic and financial woes, according to researcher iSuppli. Shipments increased to 70.2 million units compared to 61.3 million in the second quarter of 2007.
“PC shipments came in higher than forecast,” says Matthew Wilkins, principal analyst, compute platforms for iSuppli. “iSuppli maintains its enthusiasm for the PC market in 2008, despite the challenging conditions. iSuppli’s latest forecast for the 2008 PC market estimates unit growth of 12.5%.”
Hewlett-Packard Co. had second-quarter PC shipments of 13.4 million units to maintain its worldwide top ranking with 19.1% market share. Dell was the number two PC company as it shipped 11.2 million units for a 16% market share and Acer shipped the third most computers as it unit shipments totaled 6.6 million. It garnered 9.5% of the PC market.
Also see:
Web 2.0 is Green, Recession-Proof - The Macroeconomic View
How does the recession tie with the green economy and increased shift toward online advertising? In the early 70's, the sudden shift of oil prices caused severe dislocations. Here is the macroeconomic view for 2008...
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