Tag: Tech

12 tech companies most likely to IPO in the next year

Despite the fact that the tech IPO has been all but vaporized, there is some reason to think that it has not been completely snuffed out. Just this week, Renaissance Capital noted there were four tech IPOs in the second quarter, up from zippo in the first quarter. 

(Venture Beat)

BlackBerry tilts toward software with phone sales flagging $BBRY

BlackBerry Ltd. posted sales that fell short of analysts’ estimates on lackluster demand for a new handset, underscoring the urgency behind a shift away from devices to win more revenue from software.Total adjusted sales were $487 million in the fiscal fourth quarter, the Waterloo, Ontario-based company said in a statement. That compared with analysts’ average estimate of $561.8 million. BlackBerry’s adjusted loss was 3 cents a share, excluding some items, narrower than the prediction for a loss of 10 cents.(Bloomberg)