Biopure Corporation: Case Write-Up Problem Definition In February 1998 Biopure Corporation faced a difficult decision regarding the launch of its newly developed “blood substitute” products. Biopure had developed “Hemopure”‚ a blood substitute for humans‚ and an ancillary product “Oxyglobin” for the veterinary market1. Hemopure was still in the process of gaining Federal Drug Administration (FDA) approval ‚ while Oxyglobin had already been approved and was ready to be launched1. FDA approval was
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when deciding to take the company public‚ Facebook negotiated an IPO price of $38 per share for a total company value of $104 Billion dollars. Many were skeptical that a social media company with few physical assets and no physical products was actually worth over $100 Billion. In fact‚ Facebook’s IPO was the highest initial value of any newly offered company. Mark himself was uneasy and not openly supportive of the jump to IPO. It was not a strategic business decision but rather a necessity
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for the management and the other for public. The PW report highlighted significant misstatements as regards to the financial reports: example of the net assets overstatements. 4. Bad financial management: fraud ? ALPHATEC ELECTRONICS PLC. CASE STUDY Low transparency: employees were not informed of the financial situation Disconnection between the BoD and the operations: Charn was the only one allowed to interact with directors‚ and because of their lack of knowledge in electronic
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HKU833 STEPHEN KO AIRASIA: FLYING LOW-COST WITH HIGH HOPES AirAsia started out as a Malaysian government-controlled‚ full-service regional airline that offered slightly lower fares than its number-one competitor‚ Malaysia Airlines (“MAS”). In December 2001‚ private entrepreneur Tony Fernandes took over the debt-ridden airline for the symbolic sum of US$0.26. Despite the air-travel downturn following the 11 September 2001 terrorist attacks‚ Fernandes believed that the timing for entering
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Case In Point 1.1: Cloud Nine Financial Advisors Cloud Nine provides its clients with a monthly newsletter that offers recommendations about stocks to buy or sell. Doug Layton‚ Cloud Nine’s president‚ has asked your opinion on whether dot.com stocks might be good investments for the future. He specifically mentioned Google‚ eBay‚ Amazon.com‚ and Yahoo!‚ but he said you could suggest other companies. Doug wants you to do some Internet research to learn more about these Web-based companies and their
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JetBlue Airways IPO Valuation Background Started in 1999 with the promise to “bring humanity to air travel‚” JetBlue entered the “Discount Fare Airlines” to join the likes of Southwest‚ ATA‚ Frontier and others (Bruner 2002). With a strong and experienced management team‚ having Continental Airlines’ former vice-president as president and COO‚ and Southwest Airlines’ former executive vice-president and treasurer as CFO‚ David Neeleman believed that his new airline would thrive. Neeleman built
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Metapath was a hi-tech company providing software products for wireless carriers. It had a revenue of 22 million and was emerging as the premier company in its market space. The ultimate goal of the founder‚ Hansen‚ was to see the Metapath go IPO in two years. However‚ this company confronted two main obstacles for that goal: concentrated customers and fluctuant quarterly revenues. To expand his business and also solve these problems‚ Hansen need to again raise more money. Like most of the software
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Case facts Nike entered the 1980s on a roll‚ thanks to the successful launch of Nike Air technology in the Tailwind running shoe in 1979. By the end of 1980‚ Nike completed its IPO and became a publicly traded company. This began a period of transition‚ where several of Nike’s early pioneers decided to move on to other pursuits. Even Phil Knight stepped down as president for more than a year in 1983-1984‚ although he remained the chairman of the board and CEO. By the mid-1980s‚ Nike had slipped
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CasesHelp Week 1. Google Inc. Case Questions 1. Review Google’s corporate webpage and annual report. How would you describe Google’s strategy? 2. Prepare a competitor analysis. How would you define Google’s industry? Who are Google’s competitors? 3. Prepare an environmental analysis. What are the major trends impacting Google’s industry? What are the growth prospects for Google’s core business? 4. Do you think Google’s industry is a competitive market‚ in the technical sense? Does Google have
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CASE QUESTIONS Cash Flows and Value. Cost of Capital Case 1: Hop-In Food Stores‚ Inc. 1. Determine the correct price for this particular IPO. Use several methods to do this and compare them. 2. What extra information would you try to acquire in a real life situation? Case 2: Chem-Cal Corporation 1. How do you calculate the WACC for this firm? 2. What is the cost of capital of the debt‚ preferred stock‚ and common stock (assume the equity beta is 1.22)? 3. Calculate the WACC. How can a WACC be used
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