Aladdin Systems Goes Public -- In an unusual event in the Macintosh industry, Aladdin Systems, makers of the StuffIt family of compression products and numerous other Mac utilities, has gone public via a "reverse merger," which involves a private company merging with a dormant public company so its shares can be traded on public stock exchanges. Reverse mergers are generally easier, less expensive, and result in less-diluted stock than IPOs (initial public offerings). Aladdin Holdings, Inc., the parent company of which Aladdin Systems, Inc. is now a wholly owned subsidiary, is listed under the ticker symbol ALHI and currently trading at about $5 per share. Going public should increase Aladdin's valuation, give them greater access to capital, and enable them to use stock to acquire other products or companies - a strategy Aladdin has used of late to increase its product lineup. [ACE]
How to Make an iPhone Screenshot
Want to take a screenshot of something on your iPhone or iPod touch? Press the Home button and Power button briefly at the same time, and an image of your screen will be saved to the Photos app (and will sync with iPhoto when you next connect). Don't hold the buttons too long or your device will either power down or reboot.
- Aladdin Purchased, Becomes Allume, Sponsors TidBITS (16 Aug 04)
- Aladdin Systems Sponsoring TidBITS (06 Dec 99)