Canaccord Genuity on Technology: Weekend Musing - M&A and IPOs
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Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
Rating Summary:
23 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
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Canaccord Genuity on Technology: Weekend Musing
Analyst, Richard Davis, tapped into M&A and IPOs
This week in M&A. Microsoft (Nasdaq: MSFT) finally put the finishing touches on its $1.2 billion Yammer acquisition. Champagne corks pop at Jive (Nasdaq: JIVE), Salesforce (NYSE: CRM), Lithium and a half dozen other competing firms...all this M&A makes us wonder if our Social CRM thesis will ever get the chance to full play out.
IPOs are back! ServiceNow (NYSE: NOW), a very promising company that we’ve met with several times, hit the road with a big bang as the lead underwriter tried to make amends with investors for the disaster that was Facebook (Nasdaq: FB) (which is code for, “Sorry about the under-pricing, management and VCs, we had to have this stock really work so our hedge fund clients would keep buying our other deals”).
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Analyst, Richard Davis, tapped into M&A and IPOs
This week in M&A. Microsoft (Nasdaq: MSFT) finally put the finishing touches on its $1.2 billion Yammer acquisition. Champagne corks pop at Jive (Nasdaq: JIVE), Salesforce (NYSE: CRM), Lithium and a half dozen other competing firms...all this M&A makes us wonder if our Social CRM thesis will ever get the chance to full play out.
IPOs are back! ServiceNow (NYSE: NOW), a very promising company that we’ve met with several times, hit the road with a big bang as the lead underwriter tried to make amends with investors for the disaster that was Facebook (Nasdaq: FB) (which is code for, “Sorry about the under-pricing, management and VCs, we had to have this stock really work so our hedge fund clients would keep buying our other deals”).
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