Anybody following technology stocks knows that last month?s Facebook?s IPO on NASDAQ was a disaster. The IPO involved market confusion and charges that brokers withheld information, culminating in a rapid price decline when the stock opened. In addition, system issues delayed the opening by thirty minutes. Yes, this IPO was a mess by any standard.
In light of all these problems, it is now fascinating to read a summation from the CEO of NASDAQ, Robert Greifeld. Presenting to a group of corporate directors at Stanford University, Greifeld noted that NASDAQ staffers suffered ?arrogance? and ?over-confidence? in relation to the Facebook IPO. He also blamed his IT department, as reported in the Wall Street Journal:
To learn more and to read the entire article at its source, please refer to the following page, NASDAQ CEO blames CIO over Facebook IPO- CloudAve .com
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Source: http://feeds.dabcc.com/~r/AllArticles/~3/cQRM0sr7Gjs/article.aspx
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