eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.
Their glory days were brief. For some of the IT services firms, their stock prices defied comprehension when the good times were great. But the recent downdraft may give management new ideas. Below are some companies that should reconsider microcap hell and read Rick Rickertsens book, “Buyout: An Insiders Guide to Buying Your Own Company” (Amazon, 2001).
iXL Enterprises A former darling with a stock price in the $40 range about a year ago, the companys stock sank below a dollar after some major snafus by management. They should forget about the stock market.
Rare Medium Group fell hard from grace in the $86 range a year ago, to the $1.65 range. The companys Q4 loss didnt help. Lets buy these guys a couple of books.
Razorfish was once the prince of Web integration until the dot-coma syndrome took over. Its year-ago high was $40, and its stock price has tripped in the dollar range. Besides humility 101, company execs must read “Buyout.”
Renaissance Worldwide is still struggling and has remade itself into a staffing and project consulting firm. Its stock price fell from $7 a year ago to below a dollar, and now hovers around $1.06. Neither the public nor private market seems to suit this company.
USinternetworking is hanging by its ASP thumbs in the $2 range. The analysts still like the company. Why?