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Higher One: Online Student Banking Firm Tries an IPO

There are roughly 7,000 thousand colleges and universities in the US. And a big problem is handling the complex financial transactions, such as school aid and loans.

But this has been a big opportunity for Higher One Holdings, which provides disbursement technologies for higher education. The company has also filed for an IPO. The amount is for $100 million.

Continue reading Higher One: Online Student Banking Firm Tries an IPO

Teneros Blows a Chill over Social Networks

There may soon be a chilling breeze blowing through the halls of Facebook, MySpace, and Twitter. The reason for this coming chill is a just released application intended for monitoring employee communications on social networks. The new application, called Social Sentry, is being fielded by information technology powerhouse, Teneros, which has raised $92.5 million in venture capital over five rounds of funding.

Social Sentry differs from it's counterparts in that when employees leave their employer's computer network, this new communications monitoring software can follow those employees home, or to the library, or to an Internet cafe, or just about anywhere. Under the auspices of protecting proprietary business information, Social Sentry steps across the Fourth Amendment and goes where even law enforcement treads lightly.

Continue reading Teneros Blows a Chill over Social Networks

Bill Gates Goes Nuclear

Microsoft (MSFT) founder Bill Gates loves to solve extremely tough problems. For example, he is backing a startup company, TerraPower, which is trying to develop small-scale nuclear reactors. To pull this off, Gates is prepared to shell out several billion dollars.

However, he will also need a strategic partner. And according to a report from the Wall Street Journal, there are preliminary discussions with Toshiba. While the company is best known for its computer business, it also has a strong footprint in nuclear, especially with its U.S.-based Westinghouse division.

Continue reading Bill Gates Goes Nuclear

Plastic Jungle: Gift Card Marketplace Nabs $7.4 Million

Over the years, I've received various gift cards. Some of them I have not used and some I have lost.

And I'm not alone. Keep in mind that there is an estimated $30 billion in unredeemed gift cards.

But a startup company, Plastic Jungle, wants to help out. The company operates an online marketplace for gift cards.

Continue reading Plastic Jungle: Gift Card Marketplace Nabs $7.4 Million

Barnes & Noble Finally Wakes Up to the Internet

The past couple years have been brutal for some retail chains because of disruptive changes in technology. For example, this week Blockbuster (BBI) said it may file for bankruptcy. With huge debts and lagging sales, the company continues to lose marketshare to online alternatives like Netflix (NFLX).

There's also the case with H&R Block (HRB). The company is feeling the pressure against rivals like Intuit's (INTU) TurboTax, which continues to grow its online business.

Continue reading Barnes & Noble Finally Wakes Up to the Internet

MySpace's Cofounder Jumps into Social Gaming

Back in August 2003, Chris DeWolfe helped to create a new site, called MySpace (funny enough, it was almost named "YoPeeps"). With little resources, the company grew tremendously and made social-networking a cultural phenomenon.

Well, DeWolfe left MySpace a year ago and of course, Facebook is now the new power. But the fact remains that DeWolfe is a pioneer of social networking.

Continue reading MySpace's Cofounder Jumps into Social Gaming

Serious Money: Intuitive Surgical Hits New Highs

It was only a matter of time before Intuitive Surgical (ISRG) surpassed it's previous all time high of $359.59 set on December 14, 2007. I have blogged many times about ISRG in my Chasing Value column. Today, I'm delighted that the stock is rising, but I think it is getting a bit rich and the value proposition has changed -- intra-day it hit $366.50.

Intuitive has a trailing P/E ratio of 61 and a projected P/E of 46. I commonly average the two for such volatile stocks which translates to 53.5. There are certain times when that might be alright, but with a PEG ratio (price-to-earnings-to-growth) of 2.05, this is not one of them. If you own it I am not suggesting selling it, but if you do not it might be wiser to put it on your watch list and wait for the market to calm down.

Continue reading Serious Money: Intuitive Surgical Hits New Highs

Force10 Networks Finally Goes for an IPO

With $600 million in venture capital, it's obvious why Force10 Networks wants to go public. To this end, the company bulked up with the merger of Turin Networks.

And yes, this week Force10 pulled the trigger on an IPO filing. However, the deal could be tough to pull off.


Continue reading Force10 Networks Finally Goes for an IPO

Green Dot Looks for an IPO Payday

Back in the late 1990s, I met Steve Streit at a Starbucks, Inc. (SBUX). Tired of his career in the radio business, he saw an opportunity to use the Internet to change the financial services industry. While the business plan was still somewhat vague -- which is usually the case -- the vision looked spot-on.

Well, his company became Green Dot. And now it has filed to go public.

Green Dot is a leading player in the market for general purpose reloadable prepaid debit cards (GPR). Basically, these allow consumers to spend money on the main payment networks, such as Visa, Inc. (V) or MasterCard Inc. (MA).

Continue reading Green Dot Looks for an IPO Payday

Attack on Google Highlights Cyber Security Issue

There may be one positive thing that came out of the recent cyberattack on Google (GOOG). That good thing would be a very timely spotlight on the issue of computer network security. When we consider the almost instantaneous carnage that one talented hacker or code writer could inflict upon almost any data system, the prudent investor might do well to investigate the opportunities presented by such a scenario.

Continue reading Attack on Google Highlights Cyber Security Issue

Currensee: The Facebook of Currency Trading Gets $8 Million

The growth of Facebook has been stunning, as the site has more than 400 million active users and is second only to Yahoo! (YHOO) in terms of traffic. Then again, a big part of social networking is about having fun and catching up with friends.

But can it also help with your investments? Well, Currensee thinks so. The company operates a social network for foreign currency (Forex) traders. In fact, this week Currensee announced a Series B funding round of $8 million. The investors include North Bridge Venture Partners and Egan Managed Capital. In all, Currensee has raised $12 million.

Continue reading Currensee: The Facebook of Currency Trading Gets $8 Million

What Is Google Up To?

News is out about the new broadband ISP foray by Google (GOOG). So far, Google, for purposes of public relations, has labeled their new direction a "scientific test." Media analysts the world over are speculating about what exactly Google might be up to. Some people claim that telecommunications providers might be or should be worried about what Google could be positioning for. I think that attitude is a bit shortsighted.

Let me remind our readers, when speculating about Google, it is best to adjust our projections to a decades-ahead frame of mind. What exactly could Google accomplish with broadband capability up to 100 times faster than any Internet data feed currently available to consumers? Please consider the following possibilities:

Continue reading What Is Google Up To?

QuinStreet in the IPO Slow-Lane

So far this year, the IPO market has been miserable. Even fast-growing companies are having troubles.

Just look at QuinStreet (QNST), which hit the markets today.

The company wanted to issue 10 million shares at $17-$19 but was only able to price the deal at $15. So far in today's trading, the stock price is unchanged.

Continue reading QuinStreet in the IPO Slow-Lane

Facebook Sparks the $3.6 Billion Virtual Goods Space

It seems kind of strange, but the market for virtual goods has become red-hot. Basically, these are nothing more than digital footprints, such as cool graphics used as gifts on a social network or even weapons in online games.

So how big is this market? According to Atul Bagga, an analyst at ThinkEquity, the market is expected to double this year to $1.6 billion. And by 2012, the market may reach $3.6 billion.

Continue reading Facebook Sparks the $3.6 Billion Virtual Goods Space

Apple $300 -- Not This Year!

Shortly after the introduction of Apple, Inc.'s (AAPL) long anticipated iPad tablet computer I was quite surprised to receive an email from one of our more astute readers boldly stating "Game, set and match. See you at $300"

My immediate reaction was that this overly zealous stock trader and Apple enthusiast had let all reason escape his cranium. For me it reinforced how irrational investors are and how little they understand numbers. Apple stock will not reach $300 this year.

Continue reading Apple $300 -- Not This Year!

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Symbol Lookup
IndexesChangePrice
DJIA-73.1112,369.38
NASDAQ-34.902,778.79
S&P 500-9.641,295.22

Last updated: May 21, 2012: 01:23 AM

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