9 posts and columns on market conditions

FriendFinder Cancels the World’s First Web Porn IPO After Investors Yawn

in Media on February 5, 2010 at 4:03 am PT

Last month, we posed this question in a headline about FriendFinder Networks: “Are Investors Finally Ready for an Internet Porn IPO?” Today we know the answer: No.

MySpace | A Place for Layoffs, Redux

in Social on June 23, 2009 at 5:00 am PT

MySpace has extended its war on bloat overseas. This morning the company announced plans to close at least four of its offices outside the U.S. in a bid to reduce costs. Some 300 of the company’s 450 international employees will lose their jobs as a result.
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MySpace | A Place for Layoffs, Redux

in Social on June 23, 2009 at 5:00 am PT

MySpace has extended its war on bloat overseas. This morning the company announced plans to close at least four of its offices outside the U.S. in a bid to reduce costs. Some 300 of the company’s 450 international employees will lose their jobs as a result.
largest-axe3jpg-150x150jpg1

Microsoft: Mr. Acquisitive?

in News on May 11, 2009 at 11:58 am PT

With $25 billion in its coffers, Microsoft isn’t exactly hurting for cash. So why is the company planning a bond offering that could raise billions in additional capital? Microsoft will say only that the sale of the notes will be used for “general corporate purposes.” Those include working capital and share buybacks. They also include acquisitions.
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Alcatel-Lucent: Our Earnings Stink in French and English

in News on May 5, 2009 at 6:29 am PT

The econalypse is eroding demand for telecommunications equipment. Operators are cutting spending on network upgrades. Market conditions are tough, but we are taking appropriate actions. It’s a story we’ve heard before, from Ericsson, Nortel and Cisco. This morning we heard it from Alcatel-Lucent.
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Time Warner Makes It Official: AOL Spinoff Is Coming

in Media on April 29, 2009 at 9:40 am PT

It’s hard for Time Warner to have been clearer about this, but there’s still a bit of confusion out there about the company’s plans to spin off AOL. Maybe this will clear it up: Time Warner told the SEC today that it intends to spin off AOL.
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Fairchild's Year Without a Santa Claus

in News on December 12, 2008 at 10:21 am PT

If life is a cement trampoline, then Fairchild Semiconductor just performed a flat back landing. It’s hand forced by those oft-cited “market conditions,” the company said Friday it is sacking 12 percent of its workforce in an attempt to reduce expenses and spread holiday cheer.

Fairchild’s Year Without a Santa Claus

in News on December 12, 2008 at 10:21 am PT

If life is a cement trampoline, then Fairchild Semiconductor just performed a flat back landing. It’s hand forced by those oft-cited “market conditions,” the company said Friday it is sacking 12 percent of its workforce in an attempt to reduce expenses and spread holiday cheer.

Voices

Reality Check: Sprint Cancels Convertible Bond Offering, Stock Soars

in News on August 8, 2008 at 10:43 am PT

Shares of Sprint-Nextel (S) are soaring this morning after the company confirmed rumors last night that it canceled the sale of $3 billion of convertible bonds that threatened common stock holders with substantial dilution. According to the press release, Sprint nixed the deal because “the terms being offered were not economically attractive due to unfavorable market conditions.”