Online Privacy as a Journalist || Protect Yourself From Ransomware || Designed by Arsalan Jilani ~FOLLOW BY EMAIL~
HTML Free Code

Admin

This is Admin Arsalan Jilani saying you Hi! Please give me Comments about my site. If you want to contact me just send me e-mail on arsalanjilani@gmail.com. Read my latest researches, covers, news and articles I collected from different sites. Hidden facts and News are now highlighted by Arsalan Jilani.

Search web - blog

Saturday, May 19, 2012

NASDAQ: Facebook stumbles on 1st trading day as shares


http://img.ibtimes.com/www/data/images/full/2012/05/18/275215-facebook-ipo-mark-zuckerberg-celebrates-with-employees-as-nasdaq-begin.jpg

Facebook stumbled on its first trading day on Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to its enormous hype.

The stock, priced at $38 on Thursday in the largest-ever initial public offering (IPO) for a technology firm, eked out a gain of just 0.61% to end at $38.23, amid record volume of more than 575 million shares traded.

Shares in the social network titan saw roller-coaster action in what was one of most keenly awaited stock issues in history. The day began with a 30-minute delay in trade, an incident which regulators are still reviewing.

Shares jumped 12% to $42.55 in opening trade but within minutes fell back to the offering price. A midday rally failed to sustain its momentum and the price tailed off before the close.

"The negativity in the market overall has put a damper on the IPO," said  Darren Hayes, a Pace University professor and former investment banker.

"It's not uncommon in an IPO to see a big rise and then for the price to come back down, but I'm a bit surprised after all the hype to see such a small gain."

A report on the Business Insider financial blog said the price held at $38 because of a large number of standing orders at the offering price. The Wall Street Journal said the underwriting investment banks stepped in to support the price.

"It's hard to know what would have happened if the banks hadn't stepped in," said Lou Kerner of the Social Internet Fund, raising questions about what will happen to Facebook's share price when the Nasdaq reopens on Monday.

James Hughes, chief market analyst at London's Alpari, said "the real value of Facebook is not likely to be known until the hype of the IPO has died away and investors have been able to digest how the company is going evolve to be the money-making machine many expect it to be."

Investors were expected to be hungry to get a piece of Facebook, which has become a global phenomenon since its humble beginnings in 2004 as a project of then-Harvard student Mark Zuckerberg and his classmates.

Zuckerberg, 28, wearing his trademark hooded sweatshirt, remotely rang the bell to open the Nasdaq, marking the start of trade.

He told the crowd at the company's new campus in Menlo Park, California, that going public is a "milestone" but added: "Our mission isn't to be a public company. Our mission is to make the world more open and connected."

The market debut was disappointing compared with some recent tech IPOs. LinkedIn, a business-oriented social network, doubled its share price on its first day, and Groupon, a discount deal aggregator, jumped 30%.

Others have not fared so well. Pandora, an Internet radio site, rose a more modest 8.9% and online gaming site Zynga lost five% on its first day.

Trip Chowdhry, who follows Facebook for Global Equities Research, said the "lackluster" opening was because the company had failed to answer crucial questions about how it will boost revenues and adapt to the mobile Internet.

"Management cannot sing and dance around the key issues," he said.
There are concerns about Facebook's long-term ability to generate ad revenues, fueled by General Motors' decision earlier this week to pull its advertising.

GM had been spending about $10 million on paid advertising and $30 million on unpaid marketing on Facebook.

Another shadow hanging over Facebook is privacy.

Some consumer and privacy advocates say Facebook has been too loose with user data and hope that as a publicly traded company it may change its tune.

The IPO gave Facebook a dizzying value of $104 billion at its market debut.

It raised more than $16 billion, making it the richest after that of financial giant Visa in 2008, according to Renaissance Capital. The addition of a possible stock "over-allotment" could boost the total to $18.4 billion.

With its current market value, Facebook is now among the most valuable US companies, ahead of sector giants Amazon ($96 billion) and Cisco ($89 billion), and more than twice the value of Ford Motor Co. ($38 billion).

But it remains behind Google ($196 billion) and Apple ($496 billion).

Under the share plan, Zuckerberg holds 55.8% of the voting power of Facebook shares, and over 18% of the value of the company.

Despite the lingering concerns, some still see huge potential for growth.

"Facebook is a business that can succeed with far fewer employees than the technology behemoths of old," said Victor Basta of London-based Magister Advisors.

"Facebook's IPO filing implies a value per employee for its own business of $33 million. Microsoft, by contrast, has a value per employee of $3 million, reflecting the fundamental structural differences between the businesses."

Facebook posted a profit of $668 million last year as revenue vaulted to $1.06 billion.

 http://www.ubergizmo.com/wp-content/uploads/2012/05/facebook-nasdaq-times-sq_620x350.jpg

Thursday, May 3, 2012

Samsung Galaxy S III Launching Today

Will It Come to U.S.?


http://www2.pcmag.com/media/images/341707-samsung-galaxy-s-iii-event.jpg?thumb=y
Samsung is expected to announce its Galaxy S III smartphone at 2 pm ET in London today.

The Galaxy S III is the most-anticipated Android smartphone launch of the year so far. It's the follow-up to the two most commercially successful Android phones ever, Samsung's Galaxy S and Galaxy S II. Samsung is now the world's largest phone maker, and according to Horace Dediu of Asymco, it's by far the most profitable maker of Android-powered mobile phones.

Very little is known about the new phone, and rumors have been frantic and contradictory. It may use a quad-core Samsung Exynos processor. It may use a dual-core processor. It might have a large 4.7- or 4.8-inch screen. (Samsung has had success with large screens of late, selling millions of the 5.3-inch Galaxy Note phone.) That screen may be Super AMOLED, Super AMOLED Plus, or an even newer technology. One thing is clear, though: to impress the phone market it's going to have to compete blow-by-blow with HTC's glamorous new One X phone, which we've currently rated the best smartphone on AT&T.

What makes the announcement a little frustrating for Americans hoping to get their hands on the phone, though, is that it's in London. Typically, announcements held in Europe tend not to discuss the U.S. market much, because our market is so carrier-dependent and so different from other countries'.

In previous years, Samsung has released a global version of its Galaxy S that has shown up on T-Mobile (for the original) or AT&T (for the S II), and then each of the other U.S. carriers has gotten a customized version. Sprint's Galaxy S, the Epic 4G, had a QWERTY keyboard, for instance. T-Mobile's Galaxy S II had a larger screen and different processor from the global version. Verizon didn't get a Galaxy S II at all. So we'll be looking to see if there are any clues about the U.S. models, and whether they'll be different from the global device.

Related Posts Plugin for WordPress, Blogger...