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Kevin Kelleher

Kevin Kelleher is a writer living in the San Francisco Bay Area. He has worked at Bloomberg, Wired News and The Industry Standard magazine and has written for Wired magazine, Reuters, Fortune, GigaOm, Popular Science, Salon, Portfolio as well as many others.

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    Fitbit is as healthy an IPO as we’ve seen in this year’s sickly market

    It’s getting to the point where, when a technology company files for an IPO, the first question asked is, Why would you? As if the act itself is an admission of mediocrity or of belonging on a second or third tier. So far this year, most of the well-known tech names that have listed on public markets have done so with losses: Box, GoDaddy, Etsy. The first two had been expected in 2014 but delays pushed their offerings back to…
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    Forget the Verizon-AOL deal. The big wave in tech M&A is just getting started.

    It’s been a while since such an insignificant M&A transaction has generated as much fuss as we’re seeing for Verizon’s $4.4 billion acquisition of AOL. Within the broader tech M&A market – in which buyers spent $439 billion last year – this just isn’t that big of a deal. In fact, the most notable thing about it is the buzz it’s generating inside the tech industry. Or rather, what that can mean for a coming wave of M&A activity.…
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    A tech earnings season to forget. But also worth thinking about

    As earnings seasons go, the parade of financial reports these past few weeks is one that many tech companies will be happy to forget. But it’s also the kind of disappointing season some may be seeing more in the future. The tech-earnings season for the financial quarter through March began three weeks ago with Intel’s inaugural report. In the period since then, the NASDAQ Composite Index has lost a little less than 1 percent – flat, basically. A handful of…
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    Wall Street to Facebook: What else ya got?

    Behold Facebook’s success on the Internet. One out of every five mobile minutes, Zuckerberg said last week, is spent on Facebook or Instagram. Now, according to Pew Research, we learn that Facebook controls 10 percent of digital ad revenue, including 37 percent of all mobile display ads. On Wall Street, though, you’re only as good as your last quarter. And Facebook’s stock is down 5 percent in the past week after missing its revenue forecast for the first time ever.…
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    With its own Tweet gaffe, Twitter spectacularly demonstrates its own intrinsic Catch-22

    Today, a single tweet sucked $7.4 billion worth of market value from Twitter’s stock. When Twitter’s earnings report was published prematurely on its investor-relations site (Twitter later blamed Nasdaq), hardly anyone noticed until it was broadcast on Twitter. The irony of this embarrassing episode isn’t lost on anyone, but what’s more notable is that it sums up, succinctly and dramatically, the challenge Twitter has faced all along: Twitter has become an invaluable source of new information, and yet investors…
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    What Etsy’s stellar debut doesn’t say about the IPO market

    Congratulations to Etsy on what has been by many measures a successful IPO. The stock priced at $16 a share yesterday, at the high end of its expected range, and shot up as much as 123 percent in its first few hours of trading today. This has led to the usual first-day commentary about IPO manias and cash left on tables, but the truth is the tech markets have become so distorted it’s going to take some time to see…
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    Ashley Madison: The rare company with steady profits and growth, but little investor interest

    There are some news stories where the jokes just seem to write themselves, but that doesn’t keep us writers from taking a shot. And so when Ashley Madison said it’s planning an IPO in London, there were all kinds of puns about hooking up, how the IPO market is getting steamy, how cheating pays on Wall Street, and so on. Ashley Madison doesn’t hide the fact that it’s a dating site for adulterers – in fact it celebrates this
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    The Alibaba bears are having a good year

    Remember the biggest US IPO in history? A little more than six months ago, the so-called Amazon of China raised $22 billion and commanded a market value of $230 billion – a figure startlingly large enough it made one wonder whether we shouldn’t be calling Amazon the Alibaba of America. But a little more than six months later, Alibaba the stock is looking rather meh. After the IPO, bullish analysts said the stock could double in its first year,…
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    Why BlackBerry has become an interesting company again

    Maybe you stopped caring about BlackBerry long before its share of the global smartphone market fell below 1 percent. Maybe you never even got the whole CrackBerry thing a decade ago. Whatever the case, if watching a dying company attempt a bold turnaround in two years – two years – is an interesting idea, you might want to take another look at the company. Corporate turnarounds often take five or more years and are a process of slow-motion chaos.…
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    Ten red flags on the GoDaddy IPO

    Barring any eleventh-hour surprises, GoDaddy will launch an IPO sometime next week. Ten months after it filed its first prospectus, the domain-registration and web-hosting company hopes to price its shares between $17 and $19 each. The midrange figure of $18 a share would raise $396 million and value the company at $2.7 billion. Even if GoDaddy isn’t expected to be the hottest tech IPO this year, it’s still notable because of the high number of red flags that…

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