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]
Time for a Fetch Refresh?
In the Fetch FTP client, if you see a time stamp like "As of 6/19/10 2:29 PM" above the file list, that means that Fetch is re-using a file list it downloaded earlier. Click the swooshing-arrow refresh button (located beside the time stamp) to refresh the list.
Visit Fetch Softworks
- Aladdin Purchased, Becomes Allume, Sponsors TidBITS (16 Aug 04)
- Aladdin Systems Sponsoring TidBITS (06 Dec 99)