On Wednesday, GT Solar priced it initial public offering at $16.50. This morning, it’s trading at 12.72, up from an intraday low of $9.30. I think this is a glass half-full / glass half-empty psychology test. The pessimists will wail about how much GT Solar fell in its market debut. The optimists smile and congratulate the selling stockholder for not leaving money on the table. I’ve added GT Solar International Inc. contracts to the site.
DealBook: A Tale of Two Uninvited Bids. Yahoo is one of the best-known Internet properties, and Anheuser-Busch is an icon of the beer business. Both companies were the targets of unsolicited takeover bids. In each case, there was an attempt to remove the target company’s board.”
So, Anheuser-Busch merges with InBev while Yahoo settles with Carl Icahn.
Found this Sponsorship Agreement between the Houston Astros and Jiffy Lube. It came from a lawsuit between the parties concerning the non-payment of compensation.
The Motley Fool: Lessons From IndyMac. Last week, we learned that California-based IndyMac was seized by the FDIC. In the aftermath, customers made a run on the bank, pulling more than $1.3 billion from the vault.
Uh oh. The subprime crisis has claimed another victim. Although some commentators assert that certain banks are too large to fail, the reality is that it only takes a percentage of depositors seeking to close out their accounts to take down a bank. And, seeing how the IndyMac situation has unwound itself, all banking clients should feel a little nervous now. While those holding over $100,000 in an account will be most impacted, smaller clients aren’t out of the woods. In fact, some that have attempted to deposit IndyMac cashier’s checks with other banks have faced delays in securing access to their funds. Definitely not an ideal situation if you have bills coming due. The federal government really needs to step up at this point to smooth out the process. Else, the next rumor that hits the grapevine will spark another run on a bank. At this point, it may be prudent to track the stock price of those banks where you have funds on deposit, just as a warning signal.
I’ve added IndyMac Bancorp Inc. contracts to the site.
The Internet offers many ways to make money online. Affiliate marketing is one of them. An example of affiliate marketing is the Amazon product links that some people place on their website. If a third party clicks on an Amazon Associates link on your website and purchases a product, Amazon will pay you a percentage of the sale as a commission. Of course, depending on your site traffic, the product links and your conversion rate, your commission check can either be latte money or a whole lotta money. For people looking to enter into the affiliate marketing business, reading the CreditCards.com, Inc. Registration Statement offers a bit of inspiration. In 2007, CreditCards.com earned $63.3 million in revenues. Of course, it cost them about $31.1 million in sales and marketing to pull in those revenues.
The Risk Factors section also sheds some light into the affiliate marketing industry. Black hat SEO is one risk factor:
If our marketing practices violate search engine guidelines, we may, without warning, not appear in search result listings at all.
Also, CreditCards.com noted that it “spent approximately 90% of [its] total online advertising expenses in 2007 with Google and Yahoo!.” I think it’ll be 90% with Google within a year. Anyways, I’ve added CreditCards.com Inc. contracts to the site.
Anheuser-Busch sold out to InBev for $70 per share in cash, or roughly €44. In other news, the Euro hit an all-time high against the U.S. dollar. I’ve added Anheuser-Busch Companies Inc. contracts to the site.
Cable & Wireless sent us a take down request claiming that we were “publishing a confidential Hosting Contract between Cable & Wiress and Rackspace Managed Hosting Limited.” Not sure how the contract is confidential since Christopher Cox has it up on his website as well and his website gets much more traffic than ours.
The really amazing part is that Cable & Wireless, one of the world’s leading international communications companies. sent a letter. By mail. From Great Britain. Uh, that’s 1980s communication technology. The letter also didn’t provide an e-mail address to respond. They wanted a response by mail as well. International communications company indeed. I hope they sent a letter to Chris as well.