Tag Archives: lead tech

Tech Firms Riding A Bumpy Road With Q3 Earnings Due

With a bevy of tech leaders set to report quarterly earnings, concerns about weakness in China and Europe, a strong dollar and a chip downturn have investors nervous. Worries surfaced Friday as chip stocks got hammered on fears that a downcycle had begun, though the Q3 earnings outlook for the sector is strong. Chip stocks tumbled after Microchip Technology (MCHP) late Thursday warned of weaker-than-expected demand in China and lowered its revenue

HubSpot IPO Taps Into Social Media Advertising Trends

HubSpot, which aims to improve the way companies connect with customers, connected with investors in its IPO Thursday. HubSpot (HUBS) raised $125 million with its initial public offering, pricing 5 million shares at 25, above its expected range of 22-24. The stock closed at 30.10, up 20%. The company is riding a new wave in sales and marketing techniques. Older methods — including cold calls, spam email, popup ads and other forms of disruptive

Endo Buyout Of Auxilium Joins Two Changing Firms

Endo International inked a deal to buy fellow specialty drugmaker Auxilium Pharmaceuticals Thursday after raising its initial bid by nearly 20% to $2.6 billion in cash and stock, or $33.25 a share. Auxilium’s shares rose 9% to 32.44, while Endo’s stock fell 5.9% to 66.78. Endo (ENDP) first approached Auxilium (AUXL) in mid-September, and on Sept. 16 it announced a $2.2 billion offer, sending Auxilium’s stock up nearly 45% the next day. Auxilium