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NIA Highlights Publicly Traded Enterprise Social Networking Companies in New ReportMar 07, 2012 (Close-Up Media via COMTEX) -- Jive Software went public this past December in one of Wall Street's IPOs of 2011, reports The National Inflation Association, an organization that is dedicated to preparing Americans for hyperinflation. According to a release from the NIA, not only did Jive go public at $12 per share, which was above its projected $8 to $10 per share offering range, but Jive sold 15 percent more shares to the public than initially planned. This allowed Jive to raise $161.3 million or 38 percent more than the $117 million Jive was projected to raise. Jive closed its first day of trading up 25 percent to $15.05 per share and on March 2, it reached a new 52-week high of $24.53 per share for a gain of 104 percent from its December offering price. Jive currently has 61.31 million shares outstanding. This means at Jive's new 52-week high set on March 2, it reached a market cap of $1.5 billion. NIA believes BroadVision Inc. has the potential to outperform Jive for the rest of 2012. BroadVision went public in 1996 and was one of the biggest plays during the original dot-com boom, rising to a market cap as high as $13 billion. While most companies that thrived during the dot-com bubble have since gone out of business, BroadVision has managed to completely turn itself around from being deeply in debt with negative working capital to, as of March 2, being debt free with $54.4 million in cash. BroadVision has completely reinvented itself over the past couple of years with the launch of Clearvale Express and Clearvale Enterprise, BroadVision's two enterprise social networking platforms for businesses. BroadVision's closest comparison in the industry is Yammer, which announced that they raised $85 million in venture capital funding, blowing away rumors that they would raise $50 million. BroadVision and Yammer are two enterprise social companies utilizing a "freemium" business strategy. BroadVision is offering its Twitter-like social platform for businesses, Clearvale Express for free so that the company can benefit from the network going viral. Any employee at any company can instantly setup a Clearvale Express enabled network for free and immediately begin using it to collaborate with their co-workers on projects at work. BroadVision only has 4.515 million shares outstanding. Based on its closing price on March 1, of $42.69, BroadVision's market cap is only $192.75 million or just 1/8 of Jive's market cap of $1.5 billion. NIA believes that BroadVision deserves a valuation that is much closer to Jive. NIA on March 2, released a brand new report entitled '2012 Social Network Stocks 2.0 Report.' NIA's new report features many enterprise social networking companies both public and private including BroadVision Inc., Jive Software, Yammer, Telligent, Moxie Software, Lithium Technologies, and NewsGator. It also features consumer social networking companies including Facebook, LinkedIn, Zynga, and Renren. With Facebook scheduled to have its IPO in May, NIA believes that social networking stocks will be in play on Wall Street for many months to come and we are working hard to determine which social companies offer the greatest investment potential. More information: http://inflation.us/social2012.html ((Comments on this story may be sent to [email protected])) |