SAIC IPO delayed?
Well, you know what they say about counting your chickens before they hatch. My former employer, SAIC, had announced their intention to IPO early in the new year. But this week, they announced that there was a delay to the entire process as they delayed their stock-pricing announcement from 9 December to 23 December on the back of a $61m loss due to a contract with the 2004 Greek Olympics.
So, fingers crossed that everything still goes smoothly in the new year. I guess it’s a good thing I didn’t put down a down-payment on a new Porsche quite yet. Still, it’s a $1.7bn floatation (‘the next Google’, they’re calling it) of a $6bn/year company, so while this hits our quarterly earnings quite hard, it’s a blip in the longer term.
I hope.
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