Personality premiums

Few months ago, Paul had a fantastic post on personality premiums of US public companies. We did see quite a bit of that in the past few weeks:

• VMW plunged by more than 25% the day VMWare CEO Diane Green announced her departure.
• Yesterday, MOT jumped 11.5% on the news of Sanjay Jha, COO of Qualcomm, joining MOT as the head of headsets division as well as co-CEO
• On the same Sanjay Jha story, QCOM fell 4.7%

Quiz of the day

With IPO exits dried up for VC funded startups, it wont be too early to see this question in quizzes around the world. "When and which was the last venture backed tech startup to do an IPO exit?" The answer ofcourse is KPCB led digital secuity company ArcSight, which went public in early Feb, raising over $61.7M from the public markets. Almost six months without an IPO exit, the VCs must be feeling the pinch and I am sure this will reflect in the future VC investment activity.