ServiceNow Has Cured The Post-Facebook IPO Market (NOW)

ServiceNow employees

ServiceNow had a phenomenal IPO today, soaring nearly 37 percent in its New York Stock Exchange stock debut.

ServiceNow planned to price shares between $15 to $17 but it opened at $23.16 and that was after raising its opening price to $18. Shares were selling for over $26 in after-hours trading. It sold 11.65 million shares, reports Reuters.

ServiceNow is the first technology company taken public by Morgan Stanley since Facebook and some are calling it the company that revived the IPO market. 

But as sunny as all this is, this IPO is one more signal that we're in a bubble -- or near to one.  It's valuation is well over $2 billion, which is pretty amazing for a company that hasn't reached $100 million in revenue yet. In fiscal year 2011, ServiceNow reported $92.6 million in revenue, with a profit of $9.8 million. That compares to a loss of $29.7 million in 2010.

ServiceNow offers cloud apps that serve enterprise IT departments. It's claim to fame is a self-service app.  When an employee has a problem with their PC, apps or the network, they can fire up ServiceNow and find the answer on their own. If that doesn't work, they can use the app to get IT on the line through a chat session.

ServiceNow is yet another successful enterprise IPO in 2012. Splunk and Infoblox had hot debuts before Facebook, too.

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WikiLeaks Founder Ignores Police Surrender Notice And Stays In Ecuadorian Embassy

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WikiLeaks founder Julian Assange is citing advice that asylum law has priority over extradition law to justify hiding out in an Ecuadorian embassy.

"This should not be considered any sign of disrespect. Under both international and domestic UK law asylum assessments take priority over extradition claims," Susan Benn of the Julian Assange Defence Fund, told The Telegraph.

Assange reportedly remains holed up in a London Ecuadorian embassy, ignoring a police note ordering him to surrender.

He is seeking political asylum in Ecuador itself to avoid extradition to Sweden where he is accused of sex offense, according to The Telegraph.

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Google Jelly Bean May Cream Amazon Kindle, Little Threat To Apple

Google has a tradition of naming its operating systems after desserts. Jelly Bean is an incremental upgrade to Android Ice Cream Sandwich. The biggest improvement in Jelly Bean is in its search function and now presents information in a fashion similar to Apple Siri.

Source: http://www.forbes.com/sites/greatspeculations/2012/06/28/google-jelly-bean-may-cream-amazon-kindle-little-threat-to-apple/

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This Granny's On The Run After Allegedly Gambling Away Her Grandson's $97,000 College Fund

--> Edna Sue PateBy MANDI WOODRUFF

A 73-year-old Indiana grandmother is on the lam after state police charged her with gambling away her grandson's entire college fund??$97,000.

Authorities believe Edna Sue Pate is hiding out in Minden, La., but because of a Catch-22 law in both states that blocks police from tracking her down, she's off the hook for now, ABC News reports:

"Louisiana doesn't want to go to the trouble of nabbing Pate unless it knows Indiana will take her off its hands. And Indiana doesn't want to go get her, since that would require a special expenditure of money and effort. Normally, Indiana extradites only criminals residing in adjacent states. To go get granny, they'd have to make a special trip."

That trip will cost a pretty penny, which is why the student's father, Thomas C. Smith, has launched a website to gather enough donations to fund the manhunt.

Smith claims his son, Christian, inherited a $100,000 trust from his grandfather back in 2003, which was left to Pate as trustee. As early as 2004, Smith says records show Pate started siphoning funds from his son's account and steadily gambling it away at local casinos.

"[sic] In 2005 I began asking her for an account statement showing the balance of his trust. But she refused. Oddly, other people around Pate did nothing while this happened," Smith wrote on his site. "No one close to Edna Sue Pate lifted a finger to intervene or stop the looting of my sons trust. I begged them to urge or convince Edna Sue Pate to give me an account statement."

Smith filed a civil suit against Pate in 2011, soon after Christian graduated from high school. When his efforts to reach her failed, he filed a complaint and police issued a warrant for her arrest. She's been charged with four counts of theft.

A probable cause affidavit filed in May a Griffith, Ind., police detective claimed Pate "withdrew more than $97,000 from 2004 to 2007," according to Fox News.

As it stands, both states are squabbling over what exactly to do with their joint fugitive.

"If they [Indiana] will not extradite, then it doesn't do us any good to arrest her," a law enforcement official told Minden Press-Herald. "It's illegal for us to arrest her if we are not a surrounding state. Our hands are tied."

As for Smith, he's already agreed to fund Indiana's expenses to send police after Pate. He's planned a July 13 fundraiser and hopes to raise several thousand dollars.

"Sometimes the people have to band together and rise up against the inadequacies in our system," he says. "This web site represents my refusal to accept the systems status quo or its inadequacies."

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Source: http://www.dailyfinance.com/2012/06/28/this-grannys-on-the-run-after-allegedly-gambling-away-her-grand/

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Airlines Cutting Number Of Available Seats On Trans-Atlantic Flights To Support Higher Fares

In order to justify higher fares on flights across the wide, blue Atlantic, and protect themselves somewhat from European economic woes, U.S. airlines carriers are cutting down on the number of seats available on those flights. Summer ticket prices to western Europe have been climbing this year, and demand for those seats is holding steady [...]

Source: http://consumerist.com/2012/06/airlines-cutting-number-of-available-seats-on-trans-atlantic-flights-to-support-higher-fares.html

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A Million Bucks In Scholarships ? That?s Not Me Kidding around!

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Source: http://www.legaldebthelponline.com/2012/06/26/a-million-bucks-in-scholarships-thats-not-me-kidding-around/

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Should You Consolidate Debt With 0% Balance Transfer Credit Card Offers?

Consolidation Loans For People with Bad Credit With the new CARD act, a lot of card companies started to change their business models which helped in making zero percent credit card balance transfers a very rare commodity according to the wall street journal. But there are still a few and when properly executed, they can [...]

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Source: http://www.legaldebthelponline.com/2012/06/28/should-you-consolidate-debt-with-0-balance-transfer-credit-card-offers/

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Ford Developing Technology That Reacts To Calm Stressed Or Distracted Drivers

While it's not the same as having a soothing chat with KITT the talking Trans-Am, the folks at Ford are working on technology that would not only recognize when drivers are distracted or in stressful situations but would also act to cut down on external factors in order to calm things down. The Detroit News [...]

Source: http://consumerist.com/2012/06/ford-developing-technology-that-reacts-to-calm-stressed-or-distracted-drivers.html

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