Roku Likely Working on Confidential IPO

Roku, the streaming content device maker, is reportedly in the works with underwriters to take the company public. The Saratoga-based company, created in 2008 by former Netflix vice-president Anthony Wood, has already proved to be very successful. Roku generated $190 million in revenue last year alone and has raised over $150 million in private capital. However, many believe the time is right for an IPO for two reasons: the need to stay competitive moving forward and the success of recent consumer electronic IPOs.

(more…)

The “Internet of Everything:” Qualcomm to Acquire CSR

As the growth of the smartphone market continues to reach an asymptotic peak, large chip makers have turned their attention to other sectors, like the automotive and household industries. Qualcomm, a US wireless technology company and one of the largest chip makers in the world, is pioneering this shift by buying the British chip maker CSR for $2.5 billion in a deal announced on October 15th. In doing so, Qualcomm’s motivation is to refocus on the growing demand to connect every conceivable tool to the Internet—including everyday devices like refrigerators, washing machines, and cars—as part of a concept known as the Internet of Everything.”

(more…)

Theme in Big Banks’ Latest Earnings: Legal Costs

In the past few years, banks have combined to pay more than $5 billion in fines related to manipulation of the London interbank offered rate, or Libor, and other benchmark interest rates. In 2013, regulators in the United States, Britain, Germany, Switzerland, and Hong Kong started investigations into the currency markets. Dozens of foreign exchange traders, from some of the largest and most prestigious banks, including Barclays, UBS, and JPMorgan Chase, have been placed on leave over questions regarding collusion to manipulate benchmark currency rates.

(more…)

Investor Concerns at PIMCO

Trouble has been brewing at Pacific Investment Management Company, LLC (PIMCO) for some time, and investors have taken notice. PIMCO is one of the largest asset managers in the world, with over $1.9 trillion in assets under management. While the PIMCO Total Return Bond Fund is the largest bond fund in the world, the firm also offers asset management services across real assets, private equity, and global equities.

(more…)

Facebook Aims to Retaliate Against DLA Piper and Other Firms

On Monday, October 20th Facebook filed charges against DLA Piper along with several other firms and attorneys that had represented Paul Ceglia in an earlier suit opposing Facebook. The October 20 lawsuit, filed in the New York Supreme Court, is based largely on facts pertaining to a 2010 action in which Ceglia sued Facebook.

(more…)

Fun and Games or Serious Business? Dave & Buster’s Goes Public

Dave & Buster’s Entertainment, an arcade and restaurant chain, made its public market debut on October 9th after being privately owned for 8 years. The IPO was priced at $16 a share, on the lower end of the expected range of $16 to $18. The shares began trading the following day on NASDAQ under the ticker symbol “PLAY.”

(more…)