ipo
Virgin Mobile USA may lay off employees after stock plunge - another MVNO in trouble?
announcements | ipo | virgin mobile | virgin mobile usaSay it ain't so. Virgin Mobile USA is one of the few remaining US-based MVNOs that we actually like. With innovative pricing schedules and attractive mobile phone offerings, Virgin Mobile USA deserves a special place in our hearts. Unfortunately, the US stock market didn' reciprocate that sentiment. Virgin Mobile USA's stock has lost more than [...]
Danger set to go public - files with SEC for $100 million IPO
announcements | danger | financial | ipo | sec | sharp | t mo | t mobile | tmo | tmobileWe love Danger for their T-Mobile exclusive Sidekick lineup, and even more for that glorious 3-inch Sharp AQUOS display in the Sidekick LX . Unfortunately, Danger’s earnings essentially depend upon T-Mobile. And, while they’ve seen revenue grow from $49.3 to $56.4 million in the past few years, Danger’s been bleeding cash to the tune of $11.7 million in 2007 - up from just $8 million in 2006. Danger has filed with the SEC to offer an IPO that should net the company $100 in cash - enough to pay back $7.2 million in loans and spend the rest to make more money. The company intends to go live with their IPO “as soon as practicable” and will be trading under the “DNGR” ticker-symbol. Good luck, Danger. We’re sure you’ll get all the cash you need to get your book into the sought-after “green” region. [Via: MocoNews ] ---Related Articles at IntoMobile:Virgin Mobile USA to increase IPO offering to $506 MillionVirgin Mobile USA files for IPOVirgin Mobile IPO earnings shrouded in scandal; sparks lawsuitVirgin Mobile USA raises $412 million; Market still cautious on MVNOsLG Electronics wants to sell 100 million mobiles next year
Virgin Mobile IPO earnings shrouded in scandal; sparks lawsuit
announcements | data | earnings | financial | ipo | lawsuit | misreported | mobile | services | virgin | virgin mobileSo, remember when Virgin Mobile went public and reported incredible earnings on their IPO? You know, the IPO where Virgin Mobile banked $412.5 million. Well, it seems that Virgin Mobile’s IPO performance was based on some slightly fudged information. And, by slightly fudged, we mean they misreported their Q3 earnings - which have been revised to reflect a $7.3 Million loss. The news of Virgin Mobile’s Q3 financial performance revision caused a 14.4% drop in shares. Presumably disgruntled investors have sparked a class-action investigation into Virgin Mobile’s ethics in this matter. But, to Virgin Mobile’s credit, they’ve issued a statement saying that the allegations of purposeful misreporting their financial data are “completely without merit.” Right, we’re sure the hundreds of millions of potential stock-earnings had nothing to do with the all-too-coincidental financial goof. Good thing this is America where you’re considered innocent until proven guilty. [Via RCRNews ] ---Related Articles at IntoMobile:Virgin Mobile USA files for IPOVirgin Mobile USA to increase IPO offering to $506 MillionVirgin Mobile USA raises $412 million; Market still cautious on MVNOsVirgin Mobile Australia sued for insinuating Texas teen's virginityVirgin Mobile USA partners with Facebook; Intros "My Mobile" app

