arghyle

Today started off with some excitement when I read TechCrunch’s post about the possible sale of Federated Media. That was quickly corrected and just when we thought the issue was dead Valleywag had a great post on the matter. It’s pure conjecture and a lot of it is circumstanial (at best) but Valleywag puts forth seven reason why FM is going to sell out in the near future. For the record I don’t think FM is going to to sold and a few of the officer came right out and said that they are not selling, so what more proof do you need. I am sure there is interest from possible buyers, and a sale is possible with every startup, but I think this is just rumors combined with a hard-to-explain quote and lots of speculation.

Other big news today was Clearwire’s IPO. This was covered extensively on a lot of great blogs and everyone had something to say about it. The IPO was expected to be really hot but it opened at 27.25, peaked at 27.95, and ended up down 1.52% at 24.62 (according to Google Finance which had some news of its own.). All told, not too exciting and definitely not that explosion some people were hoping from this potentially hot IPO. The company has some long term prospects for the future, but it looks like most people are still up in the air about it despite the hype and a great management team. 247wall street also have a great post about trading being a zero-sum game.

In other news:

Vonage was spanked with $58 million in damages as well as a 5.5% royalty fee per customer. They are not doing too well lately…

Google improved Picasa, added business photos to Google Maps, slapped down some spammers, talked with some teachers, and is getting in on the SXSW action. Busy day…

O’reilly joined the MySQL board.

And Thomas Hawk is going to fix Microsoft.

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