Bruce V. Bigelow wrote:
With online video consuming more and more bandwidth, ViaSat’s decision to design its own high-capacity satellite for Internet service is looking more and more prescient. We’re beaming that and the rest of the news to you now, so take off your foil hats and tune in.
—Frank Quattrone, a former investment banker and controversial figure following the dot-com boom, told a San Diego Venture Group gathering that the financial industry has grown too large, too over-extended, and strayed too far from its traditional focus on lending, trading, and principal activities. Quattrone spoke nostalgically about the tech IPOs he handled before Netscape’s 1995 IPO, which he also handled. That transaction, triggered a casino mentality of ever-bigger deals, he said.
—Merger rumors about San Diego’s Leap Wireless (NASDAQ: LEAP) are resurgent, following a Wall Street Journal report last week that Leap has hired investment bankers to advise the company on its strategic options. Leap, which provides flat-rate phone service through its Cricket operating company, has previously explored merger opportunities, primarily with Dallas-based MetroPCS. In a report Saturday, the San Diego Union-Tribune cast doubt on the latest speculation, citing a JP Morgan Chase analyst.
—Plans by Carlsbad, CA-based ViaSat (NASDAQ: VSAT) to launch its own satellite to provide high-capacity Internet service were helped significantly by the company’s $568-million acquisition of …Next Page »
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