A chart showing Xero's stock performance for 2014 looks like a drawing by someone playing with fractals. There's a steep, jagged upturn to a brief peak, followed by a steep (but not quite as steep) downturn The opening price today was $15.70, far closer to its $15-per-share low than the $45.99-per-share all-time high reached in mid Spring. That's unlikely to change much by January 1.
SilverSun Technologies, parent of Sage reseller SWK Technologies, has filed for a public offering to raise $8,533,000 through the sale of securities. But beyond merely raising money, the company plans to simplify its capital structure and get out of the bargain basement of stock listings and onto NASDAQ. Most of the offering, $8.05 million, will come from the sale of Class A Common Stock and the rest from warrants for that class of stock.
Scientists say that the possibility of detecting life on Mars has increased after the discovery on methane in the atmosphere. Wouldn’t you know it? We’ve awaiting the awe of finding life elsewhere and now it’s probably because of extra terrestrial organisms passing gas. The movie, "The Interview" has been pulled because of hacking threats from North Korea. Boy, when these people give a movie two thumbs down, they are serious.
The Epicor Software story for the year ended September 30 for its ERP business was the story across the software industry. Subscription-based revenue rose by double digits as sales of cloud-based products increased. And during this week's earnings webcast, CEO Joseph Cowan referred to what he called the company's "cloud-first business model" for software. Meanwhile, the company continued chopping its losses, which stem from the interest on the debt incurred when the company was purchased and the old Epicor and Activant were merged under the Epicor name.