The Ticker


May 2008


IPO Watch: RackSpace

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Corrected on 5/22/08: An earlier version of this post incorrectly named the blog 37signals.

A Web hosting company is going public—in 2008. It's worth keeping a cautious eye on.

This summer RackSpace, a data-center manager, is planning a $400 million auction-style (or Google-style, if you prefer)

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TAGS:
stocks

Steel Expands

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Think the global expansion is dead? Not in the steel sector.

ArcelorMittal is still on the march. The world's largest steel conglomerate, forged over the last several years by billionaire Lakshmi Mittal, has reportedly taken a 14.9 percent stake in Australia's Macarthur Coal in what could be the ...

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TAGS:
stocks

Today's Bounce: Amazon

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Today's market rally fizzled a bit, but one big tech name that jumped in the morning held strong all day: Amazon.

Goldman Sachs upgraded the online retail giant and added it to its influential "America's Conviction Buy" list with a six-month price target of $98 (from about $82 after today's gain).

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TAGS:
Amazon.com
stocks
stock market

Nintendo's New Run

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A video game sequel beats tough sales expectations and helps define the future of gaming platforms. The stock of the game maker climbs.

I'll give you one guess, with this caveat: The game is not Grand Theft Auto IV. The company is not Take-Two Interactive.

It's Mario, and the company is ...

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TAGS:
Nintendo
video games
sales