Tri-City Voice Newspaper - What's Happening - Fremont, Hayward, Milpitas, Newark, Sunol and Union City, California

 

February 14, 2012 > A look at tech companies with IPOs this year

A look at tech companies with IPOs this year

By The Associated Press

Here's a look at how some companies that had initial public offerings of stock this year are faring. The companies are all loosely Internet-related, though their businesses vary widely.

Tuesday: Jive Software Inc., which makes Facebook-style social networks for businesses, reports a wider fourth-quarter net loss, weighed by higher expenses even as its revenue grew sharply. Excluding one-time items, Jive reports a loss of 28 cents per share in the latest quarter, surpassing Wall Street's expectations. Jive's first day of trading was on Dec. 13.

Wednesday: Groupon Inc., reporting for the first time since public trading of its stock began Nov. 4, says its fourth-quarter revenue nearly tripled, but it lost money and its shares fell sharply after hours. Groupon says an unusually high international tax rate hurt the quarter's adjusted results.

Thursday: LinkedIn Corp., which began trading publicly on May 19, had a strong fourth quarter, as its income and revenue beat Wall Street's expectations. The online professional-networking service added 14 million members during the quarter, and the results provide further evidence of online networking's popularity and moneymaking potential.

Coming up:

Feb. 14: Zynga Inc. (first day of trading was on Dec. 16), Zipcar Inc. (first day of trading was on April 14)

Feb. 15: Zillow Inc. (first day of trading was on July 20)

Feb. 16: Demand Media Inc. (first day of trading was on Jan. 26, 2011)

Feb. 22: Angie's List Inc. (first day of trading was on Nov. 17, 2011)

Unknown: Pandora Media Inc. (first day of trading was on June 15)

Home        Protective Services Classifieds   Community Resources   Archived Issues  
About Us   Advertising   Comments   Subscribe   TCV Store   Contact

Tri Cities Voice What's Happening - click to return to home page

Copyright © 2014 Tri-City Voice