Online retailer Newegg today announced plans to go public, filing for a $175 million IPO, according to an SEC filing.
Newegg is best known as a technology e-tailer, but has expanded of late to include other consumer electronics. Since launching in 2001, the company has been profitable every year, with $2.1 billion in sales in 2008. In 2007, the company saw $1.9 billion in sales, with the number expected to increase as Newegg expands its business.
The company has seen dramatic success after making changes to support small- and medium-sized businesses in the United States. Newegg also has its sights outside the United States, with China expected to be an important step in the company’s continued expansion. Furthermore, Canada also is expected to be a big market for Newegg, with many Canadians long requesting to be able to make purchases from the site.
The company does have to deal with several issues in the immediate future, including a patent infringement lawsuit filed by Soverain Software, according to the IPO registration filing. If Soverain is successful in getting an injunction against Newegg, the company may be forced to “stop or alter certain of our business activities.”
In the future, Circuit City — although its physical stores went bankrupt, a liquidator purchased the company’s online business and keeps it running — will lead the charge of online businesses that aim to derail Newegg.
The IPO will be handled by Citi, JP Morgan, and the Bank of America, with Newegg’s largest shareholder, Insight Venture Partners, also completing another IPO earlier in the year.
The absolutely absurd idea of putting a touchscreen display on a mouse isn't exactly new. Turtle Beach already did it with its Command Series MC7, which features a 2.25-inch control screen. But apparently, even that wasn't ridiculous enough for Arctic Fox Technologies. Its new Super Mouse looks like someone took the chunky old Atari ST mouse, slapped a touchscreen and scroll wheel on it, and called it an upgrade.
The result is a rather unusual-looking mouse that is now on Kickstarter, starting at $199. And as ridiculous as it looks, some of its features are genuinely intriguing.
Apple is less than a day away from launching its highly anticipated OLED MacBook Pro with a touch-sensitive screen. But it appears that the upgrade is going to cost a pretty penny. According to a report by Bloomberg, Apple is reportedly eyeing a starting price of $2,899 for the 14-inch MacBook Pro, while the 16-inch version could start at $3,399 in the US.
"At $2,899, the 14-inch model would mark the highest starting price for a new MacBook Pro model, surpassing the $2,799 Apple charged for a 17-inch version introduced in 2006," says the report. The report claims that Apple is targeting a minimum price hike of $400 for its upcoming redesigned 14-inch and 16-inch MacBook Pro models.
I've spent a good amount of time digging into the spec sheet of the new M6 MacBook Pro (14-inch), and for all intents and purposes, this is a classic Apple "chip and connectivity" refresh. It's not a full redesign. The chassis, Liquid Retina XDR panel, speakers, ports, and battery, all of them carry over unchanged.
However, the M6 brings more cores, stronger on-device AI, higher memory bandwidth on the larger configs, and modern wireless. Here’s the practical rundown of what actually improved, and whether those gains are worth your money.