Intel Corp has hired Gary Patton, who was chief technology officer at semiconductor maker GlobalFoundries, according to an internal Intel memo seen by Reuters on Wednesday. Patton previously spent more than a decade in the chip unit at International Business Machines Corp. Intel, which was known in Silicon Valley for promoting heavily from within, has lured several notable executives from competitors. …read more […]
(Bloomberg Opinion) — As another deadline for the return of Boeing Co.’s troubled 737 Max slips out of reach, the aerospace company doesn’t appear to have any better handle on its messaging now than it did when this crisis started more than a year ago.Federal Aviation Administration Administrator Stephen Dickson told CNBC on Wednesday that the agency won’t complete the necessary approvals for the Max’s return until 2020. The plane has been grounded since March following the second of two fatal crashes linked to a flight-control software system. That’s a notable contrast to Boeing’s last official timing update, which …read more […]
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […] …read more […]
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year’s Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the […] …read more […]
An IPO is one of the biggest moments of a founder’s life.
It’s the crowning achievement of years of hard work, not to mention uncertainty. Startups go from a few dozen investors at the beginning to thousands and eventually millions, if all goes well. Brokers follow them. And big Wall Street investors invest in them. An IPO means the startup has “made it.”
It’s also a watershed moment for early investors. Startup shares, as you know, are basically illiquid. You can’t cash out. You buy. You hold. You wait… many years, often a decade. And then, finally, the IPO launches.
But wait! You …read more […]