The company responsible for Farmville, Mafia Wars, and several other popular social games is finding out that nothing's guaranteed in the second coming of the dot-com bubble. Zynga shares began trading today, and at first, it looked as though Zynga would follow in the footsteps of Groupon, LinkedIn, and other social sites that have gone public and exploded on the stock market.
Apple may boast a greater market cap than its sworn enemy now, but not a lot has actually changed: Microsoft still is the top dog in the world computer market and the Mac seems comfortably entrenched in the perennial-runner-up-to-the-PC role.
Apple's vastly improved market capitalization and the investor confidence it reflects can be attributed to its dominance in the PMP and phone segments. What started out as a MP3 player has blossomed into a device and software ecosystem that currently spans three segments and knows no parallel.
Steve Jobs avowedly learnt a valuable lesson in 1997: “We have to let go of a few notions here. We have to let go of the notion that for Apple to win, Microsoft needs to lose.” Those words appear to have acquired a prophetic aura.
OCZ, which began life as a small enthusiast memory company back in the day, is putting on its suit and stepping into Wall Street. Starting this Friday, April 23, the company will be listed on the NASDAQ Capital Markets under the ticker symbol "OCZ."
"Trading on the NASDAQ has been a goal of OCZ since we listed in the US, and our approval is a significant milestone for our shareholders," said Ryan Petersen, CEO of OCZ. "Our core initiatives are focused on strengthening our position in the burgeoning SSD market, which our recent announcements on retail and enterprise product launches and the signing of distribution partners for our SSD products represent. We look forward to gaining visibility on the NASDAQ and utilizing the benefits of trading on the exchange."
It's not surprising that OCZ wants to pump up its SSD business. The company has been one of the most active players in solid state storage, releasing a range of SSDs from the entry-level on up to enthusiast-grade drives, including PCI-E based units appropriate for enterprise settings.
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