According to researchers, 63% of IPOs that came out this year are now trading below their list price. But despite the weak performance, overall the IPOs were still better than the S&P 500 Index. Year to date, the S&P 500 Index is down 11.5% compared with 6.5% reduction faced by the IPOs. Pandora, the online radio company, is among the newly listed stocks this year facing similar headwinds. >>>
The iPhone was released on Verizon in February this year. However, since it was not a new model, it was not as much a success as it was expected to be. With the iPhone 5 to be released soon, a huge spurt in sales is expected at Verizon, the No.1 wireless carrier. In the meantime, its closest rival, AT&T, is facing problems with its T-Mobile deal. Let’s take a closer look.
According to the IDC Worldwide Quarterly Media Tablet and e-Reader Tracker, media tablet shipments worldwide grew 90% sequentially and 300% over the year in the second quarter to 13.6 million units. IDC forecasts 62.5 million units to be shipped worldwide in the remaining half of the year compared with 53.5 million units projected earlier. The biggest market share is commanded by Apple’s iPad, which contributed 68.3% of the market share. Android-based media tablets contributed 26.8% of worldwide tablet shipments. Despite the launch of BlackBerry Playbook, Research in Motion (NASDAQ:RIMM) failed to break into this growing market. Most concerning, their smartphone business is showing signs of floundering.
Akamai (NASDAQ:AKAM), the content delivery network (CDN) market leader with annual revenue of $1.02 billion, recently reported results that exceeded its guidance but its growth rate failed to meet its expectations. However, Akamai maintains that the long-term outlook for the company is as promising as ever. Let’s take a closer look.
According to government statistics, no jobs were added last month in the U.S. Unemployment rates in the country remained flat at 9.1% and last month was labeled to be the weakest employment report for the economy since September 2010. Unemployment has been more than 9% in all but two months since May 2009. Economists estimate the July–September quarter growth in the country to be close to 2%, a number not high enough to generate more jobs.
Market reports estimate worldwide spending on traditional data centers to be worth $1.24 trillion annually. According to Fusion-io, nearly $260 billion of that spend is value wasted waiting for data owing to data center inefficiencies. Fusion-io, the recently listed storage memory platform provider, is targeting these annual data center inefficiencies.
According to researchers, the U.S. electronic health records (EHR) is expected to grow to $31.9 billion in 2015 from $15.8 billion in 2010. The market grew 10.5% in 2009 and 13.6% in 2010 and is expected to grow even faster in the coming years – 18.3% in 2011 and 20.1% in 2012 according to researchers. Growth is expected to slow down in subsequent years to 15.9% in 2013, 11.2% in 2014 and 10.5% in 2015. In this post, we cover Epocrates’s entry into the EHR market, as well as take stock of WebMD’s recent performance.
The bearish market trend isn’t deterring internet players from filing for an IPO. Local business review site, Angie’s List was among the latest to file in their S-1 for a listing. The company plans to raise $75 million through the stock exchange listing, most of which is expected to be used for advertising and general corporate expenses.