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Seeking Alpha (Free subscription) | 6 hours ago
Erick Schonfeld submits: Tech stocks continue to get creamed this morning, led by Google (GOOG), whose stock is now officially a dropping knife (i.e., good luck catching it). Shares are down 5 percent so far today to about $353 (at one point they dipped as low as $350). That’s more than a $50 drop since Friday and the lowest the stock has traded since March 2006. The question on investor’s...
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Seeking Alpha (Free subscription) | yesterday
Erick Schonfeld submits: On the same day the public markets are tanking because of the spreading credit crisis, we see one of the biggest M&A exits of the year with eBay acquiring Bill Me Later for $945 million ($820 million in cash, plus an extra $125 million in options). This is for a company that lets consumers defer payment when they buy things online. Remember, loose credit is part...
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Beet.TV (Free subscription) | 10/06/2008
San Mateo-based BlackArrow, a video-ad management system that can insert ads into broadband, video-on-demand and DVR playout, has announced $20 million in new funding, Erick Schonfeld at TechCrunch reports. Andy interviewed BlackArrow Senior Vice President Chris Hock early this summer...
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Seeking Alpha (Free subscription) | 10/03/2008
Erick Schonfeld submits: With credit tightening and consumer confidence shaky, you know this is going to be a tough year for holiday sales. A forecast that came out this morning from Lehman Brothers (now Barclays Capital) puts Internet sales over the upcoming holiday season growing at just 8 percent, compared to 19 percent growth last year (and 26 percent in 2006). That’s still better...
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Seeking Alpha (Free subscription) | 10/03/2008
Erick Schonfeld submits: Google has always been more an adversary to traditional Madison Avenue advertisers than a friend. But with economic woes looming, there aren’t too many companies with growing advertising budgets. Google is on track to spend nearly $2 billion this year on sales and marketing , yet it’s offline advertising budget is estimated to be only $20 million a year. A story...
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Seeking Alpha (Free subscription) | 10/03/2008
Erick Schonfeld submits: Apple’s stock took a temporary 10-point hit this morning after a false report surfaced on CNN’s iReport that Steve Jobs had a heart attack. The report has been removed , but only after Silicon Alley Insider and others confirmed with Apple (AAPL) that Jobs did not have a heart attack. And the stock jumped right back up to its opening levels. SIA captured the original...
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Seeking Alpha (Free subscription) | 10/01/2008
Erick Schonfeld submits: Complete Story »
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The Industry Standard (Free subscription) | 09/30/2008
Erick Schonfeld noted that today's financial meltdown would have some far-reaching effects upon startups, particularly when it comes to venture capital funding. But that's not all the bad news for tech entrepreneurs. As Eric Ruth at The News Journal notes , the credit crunch will affect day-to-day operations of small businesses. Many use lines of credit to cover gaps in revenue, including...
