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Investorville
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| Author | Topic: Viant (VIAN) |
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InvestorGuide Daily Administrator |
Internet consulting firm Viant said Tuesday that it has laid off 38 percent of its workforce and is closing several offices because an "increasingly challenging demand environment" has caused it to miss analysts' expectations. The company's announcment is just the latest evidence of the meltdown taking place across the board in the web consutling industry. (source: The Standard) http://www.thestandard.com/article/display/0,1151,23145,00.html |
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Earnings Administrator |
Company Name (Ticker): reported, expected, same q last year Viant (VIAN): -$0.14, -$0.07, $0.07 |
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Earnings Administrator |
Company Name (Ticker): reported, expected, same q last year Viant Corp (VIAN): -$0.02, -$0.05, $0.03 |
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Earnings Administrator |
Company Name (Ticker): reported, expected, same q last year Viant Corporation (VIAN): $0.11, $0.05, -$0.05 |
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newsman |
from the current Upside: "Despite the name similarity and the same founder, Eric Greenberg, this company has little else in common with Scient. Viant has hewn surprisingly close to the now-failed Cambridge Technology Partners' "fixed price, fixed time" model as applied to Web-based projects. To us, it still has a great deal to prove." |
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Zombie Shakespeare |
Goldman Sachs priced Viant's 3 million-share IPO top-range at $16 a share. The price range for the Internet services company's offering was raised to $14 to $16 from $10 to $12. This price seems a little high to me, especially for a consulting company who's major clients have not had the greatest business or press news lately. I don't pretend to understand Viant's business (any info would be appreciated), but my first instinct is that it's too high. Although, Greenberg's other company, Scient, is still holding well above the offer range of its own ipo, so maybe he knows how to build really strong company foundations. |
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Mayor of Investorville Administrator |
Viant Corp offers web site development and consulting services to Compaq, Deutsche Bank, Ralph Lauren and others. The company was founded in 1996 by Eric Greenberg, who later went on to found Viant rival Scient. The company filed to go public in April but the IPO date hasn't been set yet. (source: SEC filing) |
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