Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cloud, edge and decentralized computing -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (397)	1/27/2010 3:44:41 PM
From: Glenn Petersen	Read Replies (5) \| Respond to of 1685

Convio is making another attempt to go public: Non-Profit-Helper Convio to Try Going Public Again By THE ASSOCIATED PRESS Published: January 25, 2010 Filed at 9:50 a.m. ET NEW YORK (AP) -- Convio Inc., which provides software and services that help nonprofit organizations raise money, is again planning an initial public offering, according to a regulatory filing Monday with the Securities and Exchange Commission. The company, based in Austin, Texas, said it expects to raise about $57.5 million. That figure was submitted for the purpose of calculating the IPO registration fee, and could change substantially as the deal comes closer to market. Convio did not disclose the expected number or price range of shares to be offered. In 2007, Convio filed for an IPO worth up to $86.3 million. It withdrew its registration in 2008, citing ''market conditions.'' It's still a rough market for IPOs. During the first batch of offerings this year, most companies were forced to reduce the initial share price to lure more buyers. Convio's clients include the American Red Cross, American Cancer Society, World Wildlife Fund, People for the Ethical Treatment of Animals and Planned Parenthood Federation of America. In 2009, Convio's loss narrowed to $2.1 million from $3.7 million the year before. Revenue increased to $63.1 million from $57.0 million. Convio plans to use the net proceeds from the offering for working capital and other general corporate purposes. The company said it may also use some of the net proceeds to repay debt or make acquisitions. Thomas Weisel Partners and Piper Jaffray are serving as the IPO's lead underwriters. William Blair, JMP Securities and Pacific Crest Securities are also underwriting the offering. Apart from the executive team, major shareholders include Granite Ventures, Austin Ventures and Dorado Ventures. Convio plans to list its shares on the Nasdaq Stock Market under the symbol ''CNVO.'' nytimes.com

To: stockman_scott who wrote (397)	1/31/2010 2:13:28 PM
From: Glenn Petersen	1 Recommendation Read Replies (5) \| Respond to of 1685

CA (formerly Computer Associates) intends to expand its cloud computing footprint: CA’s McCracken Seeks Cloud Computing, Security Deals (Update2) By Katie Hoffmann January 29, 2010, 04:24 PM EST Jan. 29 (Bloomberg) -- William McCracken, CA Inc.’s new chief executive officer, said he will probably buy a company in the next two months to compete with larger rivals International Business Machines Corp. and Oracle Corp. CA will spend at least $300 million a year on cloud computing and security software acquisitions this fiscal year and next, McCracken said yesterday, after the company announced his appointment. He has been chairman of Islandia, New York- based CA since 2007, and replaces John Swainson, who retired Dec. 31. CA, which posted its first quarterly sales gain in a year yesterday, has invested in cloud and virtualization software, which can help customers use their computers more efficiently. CA can gain share in those growing markets without being attached to a hardware company, as are some of its bigger competitors, McCracken said. “We want to be the heterogeneous, bring-it-all-together guy,” said McCracken, 67, who spent more than three decades working at IBM. He declined to comment on any specific deals. Oracle gained the fourth-largest maker of server computers after completing its purchase of Sun Microsystems Inc. this week. IBM, which gets about 80 percent of sales from software and services, is the world’s biggest maker of servers, computers that run corporate networks and Web sites. The cloud computing model lets clients store and access data on an external server to avoid the cost of maintaining their own. Spending on cloud computing will more than double to $44.2 billion in 2013 from last year, according to research firm IDC in Framingham, Massachusetts. Oblicore Deal CA has spent about $200 million on purchases this fiscal year, said McCracken, who joined the board almost five years ago. CA bought closely held Oblicore Inc. this month to gain software that helps manage cloud service agreements. The company had $2.6 billion in cash and cash equivalents by Dec. 31. CA fell 31 cents to $22.04 at 4 p.m. New York time in Nasdaq Stock Market trading. The shares climbed 21 percent last year. Sales in the third quarter ended Dec. 31 rose 8.3 percent to $1.13 billion, the company said. That topped the average estimate of analysts in a Bloomberg survey. Per-share profit, excluding some costs, was 43 cents a share, also exceeding projections. The company reaffirmed its fiscal full-year profit forecast of $1.60 to $1.71 a share. That compares with the $1.68 average of estimates compiled by Bloomberg. McCracken left IBM in 2001, after running the printing division. He also headed global marketing for the personal- computer unit for four years and held other titles within the division, including president of its Europe, Middle East and Africa business. He holds a bachelor’s degree in physics and mathematics from Shippensburg University. Swainson, 55, who also spent more than a decade at IBM, announced plans to retire in September. He took over CA in February 2005 after his predecessor was indicted in a $2.2 billion accounting scandal. Under Swainson, CA’s revenue rose in each fiscal year except 2009. --Editors: Lisa Wolfson, Julie Alnwick To contact the reporter on this story: Katie Hoffmann in New York at +1-212-617-5327 or khoffmann4@bloomberg.net To contact the editor responsible for this story: Julie Alnwick at +1-212-617-8960 or jalnwick@bloomberg.net businessweek.com