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    Mergers & Acquisitions: A Strategy for High Technology Companies
    By Jacqueline A Daunt of Fenwick & West LLP

    A recent survey showed that between two and five emerging technology companies (TechCos) are acquired for every one that does an initial public offering (IPO). Acquisitions can provide strategic, operating and financial benefits to both TechCo and the company acquiring it (LargeCo). A strategic acquisition can provide TechCo's shareholders with earlier liquidity than an IPO, with less risk and dilution.

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    As some flee fires anew, others return for a time

    By MALIA WOLLAN Associated Press Writer

    BIG SUR, Calif. (AP) - Firefighters pushed back a blaze threatening this small coastal community just enough to allow hundreds of people to check on their homes Tuesday as a separate fire 300 miles north forced residents of other towns to evacuate.

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