Pandora should be trading at $2/share, tops

Pandora’s IPO yesterday peaked at $26/share, giving them a brief valuation of $4 billion. The stock quickly deflated to a closing price of $17.50, moving that valuation to $2.8 billion. Even that is a fantastical and bubblicious number that will not stand up to scrutiny. Here is a back-of-the-envelope analysis based on the S-1 that investors should have made before throwing their money in the box:

DataArt Opens New European Headquarters in Kyiv

DataArt, a US custom software development firm that builds advanced solutions for select industries, announced the opening of a new development center in Kyiv bringing the total number of employees to more than 600 throughout its offices in North America and Eastern Europe. DataArt’s fifth R&D center, and its third in Ukraine, will become the company’s new European Headquarters.

General Atlantic becomes the second largest shareholder in the Kaspersky Lab

Kaspersky Lab, a leading developer of secure content and threat management solutions, announces its partnership with General Atlantic LLC (GA), a leading global growth equity investment firm. The agreement with GA marks the next stage of Kaspersky Lab’s global growth strategy. The company will benefit from GA’s strategic support for management’s vision to continue its global market expansion. GA will become the second largest shareholder in the company, acquiring a number of secondary shares. Details concerning the financial aspects of the deal will remain confidential.

Your Own Hot Spot, and Cheap

Someday, they’ll build wireless Internet into every building, just the way they build in running water, heat and electricity today. Someday, we won’t have to drive around town looking for a coffee shop when we need to check our e-mail.