Well, not every time, but more often than not to foster a superstition. The company promptly told analysts to expect only single-digit revenue growth for the remainder of the year. Loudcloud cut its offering price but doubled the number of shares it will sell in its March initial public offering. Anyway, the success or failure of this upcoming event may very well be a harbinger. There are a few tech IPOs in the pipeline but nothing compared to a year ago.
Investment banks are understandably nervous about taking issues public in the current environment.
By now, I'm inured to insufferable company commercials. This one was more subtle and appealed to the universalist instincts of the crowd. But it's P2P in the image of Sun One and Scott McNealy. Dignan Hill Leibovitch Pfeiffer Somogyi Week ahead, the week that was Intel to lift its Itanium gag order. The Finn who invented Linux seems quite amused, even surprised by the importance accorded him.