Long before the likes of Hulu and Netflix hit the mobile device TV space, another player was making inroads in the segment. Founded in 2000, California-based MobiTV is a leading provider of premium end-to-end mobile media solutions. Their service offerings include a platform that not only delivers live TV and video on-demand, but also has the capability to let viewers download and store content for offline viewing to its users in the U.S. and Canada.
Not only are Internet companies vying for the stock market, other software companies are also lining up. Earlier this year, insurance technology provider Guidewire Software filed their S-1 to raise more than $100 million to expand business. Guidewire’s offerings cater to a market that Gartner estimated was worth $14.5 billion last year, of which $4 billion was spent on software.
Last year, 22 Chinese players listed in the U.S., raising more than $2.8 billion from the market. The current year was comparatively slower with seven Chinese IPOs listing on the New York Stock Exchange and raising a total of $1.5 billion. The weak global economy is causing some Chinese companies to stay away from listing despite having filed their S-1s. The Chinese equivalent of Craigslist, 58.com, is one such player.
It does not seem that Research in Motion’s (NASDAQ:RIMM) shaky position will improve anytime soon. According to research firm, Canalys, the company’s BlackBerry phones accounted for a mere 9% of the smart phone market in the U.S. during the third quarter of this year, compared with a 24% share reported a year ago. Android devices continued to dominate the U.S. market with more than 70% market share. Among devices, HTC took the lead with 5.7 million units shipped last quarter, followed by Samsung’s 4.9 million units. Apple slipped into third place with 4.6 million units as consumers waited for the launch of the new iPhone 4.
AT&T (NYSE:T), the second-largest carrier in the U.S., is facing problems with its plans to acquire T-Mobile, the fourth-largest carrier. Meanwhile, Verizon (NYSE:VZ), the largest carrier in the country announced its plans to buy spectrum from Cox Communications for $315 million. >>>
According to an IDC report, increasing deployment of virtualized data centers has resulted in enterprises shifting their focus from improving capital efficiency to improving operational efficiency. These organizations’ IT departments are looking for solutions that help to improve data capacity efficiency, and they are moving away from the traditional rotating magnetic media such as hard disk drives (HDDs) to solid state drives (SSDs) that use NAND flash memory and advanced controller technology to create a faster storage device. The recent quarter results, this SSD market was dominated by the recently listed Fusion-io.
It is not just technology companies in the U.S. that have been toying with the idea of going public this year. Several international technology companies are also evaluating the possibility of listing themselves on the U.S. stock exchanges. The Bloomberg IPO Index may have reported a decline of 26% this year, compared with a 5% decline in the Standard & Poor’s 500 Index, but the recent index by Renaissance Capital shows that the performances of international stocks are improving. The FTSE Renaissance Global IPO Index reported growth of 15.2% during October.
The Bloomberg IPO Index, a measure of the performance of stocks during their first publicly traded year, declined 26% this year, compared with a 5% decline in the Standard & Poor’s 500 Index. According to Renaissance Capital, 41 tech companies went public this year. However, their stocks’ performances have been underwhelming. Tech stocks lost 18% of their value during the year, making them the worst-performing sector in the economy. However, there are still a few new age Internet stocks that have managed to beat market skepticism. One such stock belongs to financial content aggregator Bankrate. Bankrate publishes information on mortgages rates, credit cards, banks, and other financial data relevant for personal finance planning.
Samsung recently became the leading vendor of smartphones with a market share of 20%, up from 8.8% last year, according to a third-quarter market research report by IDC. It surpassed Apple, which has a 14.5% market share, down from 17% last year. Let’s take a closer look.
Diamond prices have been on the rise during the year. In the first half of 2011, prices rose 40% owing to high demand in the Chinese and Indian markets. Since then, prices have fallen by up to 20% in a six-week period through September. However, the December 2011 Diamond Prices Index of 232.7 was still nearly 9% higher than previous year’s 213.7. The increasing prices are hurting online jeweler, Blue Nile. (Nasdaq:NILE)