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Tuesday, May 22, 2012

Technology Report: Insight: Morgan Stanley cut Facebook estimates just before IPO

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05/22/2012
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Insight: Morgan Stanley cut Facebook estimates just before IPO
(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company.
SAP to buy Ariba, enterprise value $4.3 billion
(Reuters) - SAP AG said it would buy smaller software maker Ariba Inc for $45 a share, representing an enterprise value of about $4.3 billion, the latest in a string of acquisitions to help fuel revenue growth at the German technology company.
Kleiner partner sues firm for discrimination
(Reuters) - Kleiner Perkins Caufield & Byers partner Ellen Pao is suing the venture capital firm for sexual harassment and discrimination, according to a lawsuit filed earlier this month in California Superior Court.
Exclusive: Spy agency seeks cyber-ops curriculum
FORT MEADE, Maryland (Reuters) - The National Security Agency is trying to expand U.S. cyber expertise needed for secret intelligence operations against adversaries on computer networks through a new cyber-ops program at selected universities.
SEC, FINRA call for Facebook review, pressure builds
(Reuters) - Two top U.S. financial regulators called for a review of the initial public offering of Facebook last week, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq.
Apple still dominates world's top brands: study
(Reuters) - Apple has maintained its place as the world's most valuable brand over the past year, leading a group of technology-related companies that dominate the top 10, according to a study published on Tuesday.
Google names new Motorola Mobility CEO
NEW YORK (Reuters) - Google Inc completed its $12.5 billion purchase of Motorola Mobility Holdings Inc and named a new chief executive for the cellphone maker, who vowed to focus on "fewer, bigger bets."
After Yahoo deal, challenges abound for Alibaba
SHANGHAI (Reuters) - China's Alibaba Group could command a Facebook-rivalling valuation of $100 billion when it comes to list its shares, possibly by 2015 - but its more immediate challenge is to hang on to top spot in the country's $36 billion e-commerce market.
Facebook shares sink 11 percent as reality overtakes hype
(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks.
Silicon Valley takes Facebook fizzle in stride
SAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by Twitter, but venture capitalists in Silicon Valley are keen to shrug off Facebook's stumble - at least for now.
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