Posts by Aaron Pressman
Aaron Pressman at Yahoo Finance 1 day ago
GoDaddy tried to go public in 2006, but failed as investors showed little interest in the money-losing Internet domain name registrar. One 2011 private-equity buyout later and GoDaddy is back, poised to make its public debut Wednesday, after reportedly pricing its initial public offering at a higher-than-expected $20 a share. There's plenty to like about the company, with its strong customer growth and steady revenue increases. GoDaddy also has the leading position in its industry, with one out of every five domain registrations. The company reports almost 13 million customers, mainly small and medium-sized businesses, that pay annual subscription fees to register domain names and get other online services like web hosting.
While the domain name business appears saturated, with 280 million names already registered, GoDaddy is looking for a bump from a new wave of just-approved new domain suffixes like .nyc, .guru and .photography.
But investors should look a little more deeply before jumping in. Here are five risks to consider: 1. No profits
Aaron Pressman at Yahoo Finance 2 days ago
Actor John Hodgman is goofing off with a friend. Famed venture capitalist Chris Sacca is taking questions while walking down the beach. And someone I don't know at all -- not even her name -- is reporting on the building collapse in lower Manhattan from a rooftop nearby. All live, in real time. These were all videos I watched over the last few days on Periscope, Twitter's (TWTR) new live video streaming app. Install the app, start following people you follow on Twitter who have already installed Periscope and videos start popping up as notifications on your phone. As you watch, in real time, you can also comment or ask questions. Tap the screen to send a "like" in the form of floating, colored hearts. It's often an interesting and intimate video view directly into someone else's life (it's also much like the view from a similar app, Meerkat, that debuted a few weeks earlier). Perhaps somewhat more often, it's a boring, mundane scene of someone walking down the street or eating a burrito. There's clearly a big, big idea here, one poised to blow up with mainstream folks, just like the original concept of Twitter. Like Twitter, Periscope goes everywhere on a smartphone, operates in real time and lends a sense of immediacy and access to other people in other places. And just like Twitter, the basic concepts of Periscope work equally well when sharing among a small group of friends, following faraway news events live or seeking a more intimate view of your favorite celebrities and brands. Mario Batali, Shonda Rhimes and Ryan Seacrestare already signed up.
Aaron Pressman at Yahoo Finance 6 days ago
Steve Jobs will long be remembered as one of the most brilliant businessmen in American history, but the details of his portrait remain hotly in dispute.
Walter Isaacson's 2011 authorized biography, fueled by 40 interviews with the subject, came first. But the book, rushed into print in the aftermath of Jobs' death, has drawn criticism from fans and supporters of the late Apple CEO, who say it painted too negative a picture of a complex man. Many techies say Isaacson also failed to understand the computer industry and thus didn't provide the proper context for Jobs' story.
Now come two new entries revisiting the Jobs historical record. Documentary filmmaker Alex Gibney's "Steve Jobs: The Man in the Machine" debuted at the South by Southwest festival earlier this month. And this week, the new book "Becoming Steve Jobs" written by two former Fortune magazine colleagues, Brent Schlender and Rick Tetzeli, hit stores.
But there is also much that is new, including behind-the-scenes stories of the development of the iPhone and iPad, part of a secret effort known as "Project Purple."
Aaron Pressman at Yahoo Finance 7 days ago
The market for initial public offerings has tailed off considerably from last year's heady pace, especially for technology and energy companies, and there's no sign of a pick-up anytime soon.
So far, just 27 firms have priced IPO deals and raised $4.9 billion in the first quarter, down from 65 companies which raised $12 billion a year ago, according to Ipreo. That would make the current quarter the slowest since 2010, though another six deals worth approximately $800 million are scheduled to be priced over the next week.
Even assuming those deals are completed, the first quarter still looks below average. Over the past five years, the market has averaged 39 first-quarter IPOs and proceeds of $9.5 billion.
A year ago at this time, the IPO market was flooded with cloud software firms vying to go public, along with a batch of oil and gas exploration and production companies. Crashing prices for cloud stocks and oil have waylaid most new offerings from those sectors.
Aaron Pressman at Yahoo Finance 9 days ago
Verizon.sucks? BankofAmerica.sucks? Yahoo.sucks?
The Internet and social media networks like Twitter (TWTR) and Facebook (FB) already provide an outlet for unsatisfied consumers, disgruntled employees and anonymous haters to vent their fury against companies that have drawn their wrath. But the venting could reach a whole new level in a few months when a new Internet address suffix goes online: .sucks.
Companies will have to decide whether it's worth $2,500 a year to tie up a .sucks address during a 60-day early access period set aside for trademark owners and celebrities that begins March 30. If they don't, anyone in the world will be able to register the name and set up their own protest site.
The newest offbeat suffixes added to the Internet's domain name system are just a few of the hundreds that have been approved over the past two years. Most are far more innocuous, including .party, .shoes and .accountant.
Aaron Pressman at Yahoo Finance 14 days ago
T-Mobile (TMUS) CEO John Legere's latest attempt to blow up the wireless market may have been the least interesting for consumers, but it could be among the most significant for the company's bottom line. At yet another rock 'n roll-filled announcement event, Legere on Wednesday unveiled a highly discounted wireless service offering aimed at businesses. The new plans start at 10 lines for $16 each and scale up to thousands of lines for $10 a pop. The price includes 1 GB of high-speed data per line, with more available for additional fees.
The rates are 40% below Verizon (VZ) and AT&T's (T) prices, Legere said. "Two things you can guarantee will happen as of today," the CEO said in an interview after the announcement. "Our business revenue will go up and their's will go down."
Aaron Pressman at Yahoo Finance 15 days ago
Top executives from Pandora Media (P) have been on a goodwill tour with Wall Street for the past month, hosting the Internet radio company's first analyst day in four years and speaking at an unprecedented seven investment conferences.
And it looks like, for now, most investors don't want to try.
Aaron Pressman at Yahoo Finance 19 days ago
Heard of Meerkat? If not, you probably will soon.
That’s the name, of course, of the super cute mongoose relative that kids love, but it’s also the name of a new app with a tiny following that’s growing like gangbusters. Meerkat the app allows anyone with an iPhone and a Twitter (TWTR) account to start broadcasting live video. And because the Meerkat network rides on top of Twitter’s social network, anyone who follows you on Twitter and also uses Meerkat can get pinged by an iPhone notification to watch your live video.
The app itself comes from a small Israeli company called Life On Air that has been trying to crack the live amateur video space. It was posted in the iPhone app store on Feb. 21 and quickly shot up the charts of a website frequented by early app adopters called Product Hunt, leading to a viral wildfire of increasing usage. There are no fees or advertising yet, so it's hard to tell how long Meerkat will be able to sustain itself.
Aaron Pressman at Yahoo Finance 20 days ago
The good folks at Nielsen published their fourth quarter video audience report. There are lots of interesting factoids contained therein, but the one that jumped out at me was the increase in households that watch video without a traditional cable or satellite subscription, so-called pay TV homes. And this year, Time Warner’s (TWX) HBO, CBS (CBS) and many others are making even more popular shows available online to those without cable subscriptions.
Take the illustrated survey below to see if cable cutting is a viable option from you:
Aaron Pressman at Yahoo Finance 20 days ago
Intel (INTC) warned Wall Street on Thursday that it wouldn’t be able to meet the quarterly guidance it offered less than two months ago, raising the specter of a return to the bad old days of frequent disappoints.
The Santa Clara, Calif., chip maker hasn’t had to lower its guidance abruptly mid-quarter in over two-and-a-half years, but it used to be at least an annual occurrence. From 2006 through 2012, Intel warned and cut its sales or profit guidance seven times, according to FactSet data.
But much of the unexpected strength was companies upgrading PCs running Windows XP after Microsoft ended support for that ancient operating system. The move was likely to provide only a temporary boost, as thelarger forces pressuring overall PC sales remained.
And that may leave investors feeling an unpleasant sense of deja vu for the rest of the year.