[Scooby_Doo]

Newegg is to go public.
http://www.reuters.com/article/marketsNews/idUSN288093020090928

Say goodbye to low prices and customer service 

[General Battuta]

Oh, bugger. 

[NGTM-1R]

Hellfire and damnation.

[BloodEagle]

Do not want! 

[blackhole]

****

[Aurora Paradox]

 

I just hope Newegg retains some of qualities that made it website worth buying from....

[FUBAR-BDHR]

One of the few companies I ever had a problem dealing with.  Ordered memory from one of their adds (got the part number from Kingston and copy/pasted it to pricgrabber) , memory on the confirm page wasn't the one in the listing and was only off by 1 digit so I didn't' catch it.  They wouldn't take it back even when I produced a copy of pricegrabber with their listing still up with the link to the wrong part.

[MR_T3D]

this will either go pretty okay, or...
REALLY ****ING BAD
whouldn't assume one way ot the other to soon, though.  see how it plays out..

[Mongoose]

I'm...not seeing how this is automatically a terrible thing.  So they're selling stocks.  Does that somehow equate to suddenly-reduced quality because of some nebulous reason or another?

[The E]

It means they are getting shareholders. Shareholders who expect a return on their investment. And who will break out the lawyers if they don't get it.

[Liberator]

Still doesn't mean it's going to be bad.  It could mean it'll be better, since they're have more funds to improve service with.

[General Battuta]

Still doesn't mean it's going to be bad.  It could mean it'll be better, since they're have more funds to improve service with.

I think the issue is one of probability. NewEgg is currently considered one of the best sources of components out there. Of all the possible changes in quality it could undergo, most are negative. Thus, change = bad in this case.

[redsniper]

GREED

Edit: Maybe I should qualify this. I don't have any problem with people's rights to make frak-tons of money. It is just my concern that we the consumers will suffer for the sake of profit.

[Bob-san]

It means they are getting shareholders. Shareholders who expect a return on their investment. And who will break out the lawyers if they don't get it.

They already have shareholders. Tons and tons and tons of shareholders. What they're getting are stockholders. So long as NewEgg continues to perform, the new stockholders shouldn't have a single problem with how the company's being run. That, and Newegg's probably looking to get some additional capital to expand beyond the USA, Canada, and China. The money raised could be going towards opening a Newegg-Europe or Newegg-Australia.

[perihelion]

This will end badly.

In almost every case I've seen, when a company's gone public, quality takes a nose-dive.  It generally sucks for everyone, customers and employees alike.  The only jackanapes that come out ahead are the stockholders.  A friend of mine is part of a small company that went public, suffered quite a bit at the hands of wall street, and then managed to buy themselves back and go private again.  Best decision they ever made.  That company would not have survived the downturn if they hadn't.  Watching that go down was a real eye opener for me.

[Stealth]

It means they are getting shareholders. Shareholders who expect a return on their investment. And who will break out the lawyers if they don't get it.

They already have shareholders. Tons and tons and tons of shareholders. What they're getting are stockholders. So long as NewEgg continues to perform, the new stockholders shouldn't have a single problem with how the company's being run. That, and Newegg's probably looking to get some additional capital to expand beyond the USA, Canada, and China. The money raised could be going towards opening a Newegg-Europe or Newegg-Australia.

Bingo. right on the money.
Corporations 101.

This isn't a bad thing... it could be good.

[Scooby_Doo]

Say goodbye to free shipping in the future. 

[Bobboau]

I need to remember to get a stake in this.

[Liberator]

I love this, everyone is assuming that all the cool things about Newegg are going out the window.  AFAIK, the management and day to day operations aren't changing, they're just going public because publicly traded companies tend to make more money.  Money they can use to sweeten deals and expand they're business.

Economics is NOT a zero-sum gain.  If you take a big slice out of the economic pie, it doesn't mean there's less pie for everyone else, it means the pie got bigger.

[General Battuta]

I love this, everyone is assuming that all the cool things about Newegg are going out the window.  AFAIK, the management and day to day operations aren't changing, they're just going public because publicly traded companies tend to make more money.  Money they can use to sweeten deals and expand they're business.

Economics is NOT a zero-sum gain.  If you take a big slice out of the economic pie, it doesn't mean there's less pie for everyone else, it means the pie got bigger.

The reason why was already addressed earlier in the thread.