Russ Wilcox

Venture Capitalists Mourn Weak IPO Market After E Ink Buyout

William M. Bulkeley, Reporter, The Wall Street Journal in News on June 3, 2009 at 10:19 am PT

Venture capitalists view the decision by e-book pioneer E Ink Corp. to sell out to a Taiwanese company as one more sign of the moribund IPO market. E Ink, of Cambridge, Mass., would once have been a sure-fire candidate for an initial public offering. Its sales more than doubled to $18 million in the first quarter on the strength of rising sales of products like Amazon.com’s Kindle and Sony’s Reader, which use E Ink technology.