This is good news for the industry as least we can still compete with the web companies. The problem is that the business of making hardware is dying. While Groupon dreams of billions, we are managing millions.
Maybe it is a case of getting it while you can. If overall economic conditions do not get substantially better, it is unclear that the stock market can be the only game in town for long. Right now the overall markets are up, so if they can get an underwriter for it, why not? So far, the only penalty for falling stock prices after an IPO is going out of business. If they can avoid that since they also report some growth rate in revenue, then they get some relatively cheap money, and 'certain' shareholders can dilute their positions at a profit.
I am wondering why M/A-Com would be doing an IPO at this time? With the "steep loss" just reported and the debt/economy issues will they get the most bang for their IPO stock? It looks like some of the "certain stockholders of M/A-Com" are looking to get out some cash. Could it be that they are driving the IPO now bus? Just wondering, with no announced intentions for the capital being raised it seems curious to be selling at this point.