LinkedIn valuation??? Wow

From The New York Times this morning:

On Wednesday, LinkedIn will announce that it has raised $53 million in capital, primarily from Bain Capital Ventures, a Boston-based private equity firm. The new financing round values the company at $1 billion.

That heady valuation is more than the $580 million that the News Corporation paid for MySpace in 2005, but less than the $15 billion value assigned to Facebook last year when Microsoft bought a minority stake.

Economic slowdown now to affect technology markets??

Yeah well we need that like a hole in the head eh! However Adobe’s forecast announcement yesterday seem to indicate that the economic slowdown is now affecting the tech / software market.

From Reuters:

Adobe forecast revenue in a range of $855 million to $885 million for the fiscal third quarter, which ends August 29. That compares with an average analyst forecast of $876 million according to Reuters Estimates.

 

“Some investors … were expecting a higher forecast,” said Goldman Sachs analyst Sasa Zorovic.

 

The company, the world’s biggest maker of design software, also forecast third quarter per-share profit before items at between 45 cents and 47 cents, compared with the average Wall Street estimate of 45 cents.

 

Chief Executive Shantanu Narayen said that, while Adobe has so far been able to meet its financial targets in the midst of the U.S. economic slowdown, its fate could change if conditions worsen.

Euro 2008

No England, but our French offices are rooting for les bleus!!!

Viera’s potential loss through injury is a worry though, as playing with Makelele + one other defensive midfielder leaves France with only 3 attackers on the field. Not to mention the group of DEATH!

New Look Website!

OK so it isn’t a massive change, but still…………………

1. The spinning musical brain has been taken off. Although we liked the concept, a lot of people on WANs or with limited memory PCs found it took a long time to load.
2. Improved search capability….. we were previously limited to 3 jobs per search…. not enough. You can now search our entire live job database worldwide.
3. Link to french version… our home page is in english, with a link through to the version française

Visit us and feel free to give us your comments: www.capital2solutions.com