Digital Daily » registration

IPO Market Just Really, Really Lousy

John Paczkowski — Wed, 01 Apr 2009 20:25:06 +0000

To hear tell from the National Venture Capital Association, the VC landscape is as burned out and desolate as the ashen vistas of Cormac McCarthy’s “The Road.” According to its latest data, not a single venture-backed company went public in the first quarter of 2009 or the one that preceded it. That’s the first time the association has ever recorded two consecutive quarters with no issues. Worse, six venture-backed IPOs were withdrawn from registration in Q1. “We predicted that the venture-backed IPO market was going to get worse before it was going to get better, and we were unfortunately correct,” said NVCA president Mark Heesen. “Today our concerns are not limited to the zero IPO issues but have now expanded to the shrinking pipeline of companies in registration. Once we begin to see a recovery, there won’t be many companies prepared to take advantage of it, effectively extending the lackluster market until the pipeline rebuilds.”

Until then, the market will have to make due with merger-and-acquisition deals, which themselves aren’t doing so well. There were just 68 M&As in the first quarter of 2009, the lowest number since 1999. And they generated just $3.2 billion–down 65 percent from a year ago. Seems acquiring companies are on the lookout for bargain-basement deals and there are unquestionably few to be had given the souring economy. “Acquiring companies are simply looking to be very aggressive buyers and frankly are looking for rock-bottom pricing because that’s what they should be doing in this kind of environment,” Jim Watson, managing general partner at CMEA Capital, told VentureWire. “If you’re a seller now it’s because you have to be a seller.”

Bailing on Big Tech Trade Shows

John Paczkowski — Fri, 05 Dec 2008 19:00:43 +0000

[ See post to watch video ]

If Belkin's Not Exhibiting at Macworld, Who Is?

John Paczkowski — Fri, 05 Dec 2008 18:23:12 +0000

Next month’s Macworld Conference & Expo show floor will be quite a bit easier to navigate than in years past. With registration down by 20 percent over last year, there are likely to be far fewer attendees at the annual marquee Apple (AAPL) event, and with a growing list of companies pulling out of the show, there’ll be fewer booths for them to crowd. Earlier this week, Adobe (ADBE) said it had decided against exhibiting on the show floor. And now a coterie of other companies is joining it, top among them, Belkin, long one of Macworld’s largest exhibitors.

Belkin has confirmed that it’s pulling its booth from the show floor as well. The company has opted instead to hold private meetings with its channel partners. It insists that this isn’t so much a financial decision, as a strategic one–”we’re reallocating show floor funds to hold private product meetings,” a spokesperson told me–but it’s hard not to view it that way, given the continued deterioration of the economy. Interesting to note, though, that sources tell AppleInsider that the company had already paid for its 2009 booth space.

Show organizer IDG must be offering Econalypse refunds….

UPDATE: Belkin won’t be exhibiting at the Consumer Electronics Show, either. “No booth at CES–and it’s for the same reasons why we’re not exhibiting at MacWorld,” a spokesperson tells me. “We learned that a smaller group of our channel partners will be attending CES, and those who are attending are focusing on driving incremental value in 2009. We believe that private meetings in hotel suites are more conducive for this type of discussion, as they are more intimate. So, we are redistributing our resources and funds to help support sell-thru for our retail partners and drive traffic into their stores. Examples: more holiday promotions and programs.”

As of this morning, no participants–potential or otherwise–have pulled out of Super Bowl XLIII, but the trend is looking grim for seasonal blockbusters. We’ll keep you posted.