February 22, 2007
Watch Out For Tech IPOs in 2007
Om Mailk writes about Business 2.0's Michael Copeland, who says this year will be a big one for tech companies to go public. I'd have to agree. Last year was iffy for many tech firms, who delayed their IPOs or saw poor returns after going public. A fortunate few, especially in the RFID market, managed to get VC (Venture Capital) funding.
I subscribe to theory that there will be a tech bubble burst in 2010 or 2011. The economy in North America has gone into the tank at the end of a decade, or in the first year of a new one - every decade since 1970, that I'm aware of. I think that not even a Democrat becoming the next President is going to deflect that. However, if the right Democrat wins, I'm speculating that we'll see amazing growth in the stock market over the next 4-8 years. (Though I don't know who that person is, who the voters will accept, but I have a suspicion - someone who hasn't throw their hat in the ring yet.)
That said, I don't think this will be a big IPO year for VoIP IPOs, though things may change in 2008 or 2009. Investors are probably still wary because of Vonage stock's poor performance, and they and Skype are probably the two most well-known VoIP services around the world.
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