Retail Industry
Industry: Email Alert RSS FeedWall Street embraces DivX.
Video Business, October, 2006
By Paul Sweeting DVD codec maker raises $145.6 million in IPO Video compression software maker DivX Networks emerged from relative obscurity this week to become one of the hottest stocks on Wall Street. After a successful initial public offering Sept. 22, in which the company sold 9.1 million shares at $16 apiece, well above the initial target range of $12 to $14 per share, the stock surged 17% in its first day of trading.
By Sept. 27, the shares had surged to more than $20, including a jump of more than $2.50 that day following a recommendation by the widely followed stock-picker and CNBC personality James Cramer. "Soon there is going to be a bandwidth shortage, and that's why we believe DivX is sexy," Cramer said on his Mad Money...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
