Quip.com

What is Quip.com? Well, Bret Taylor who used to be CTO for Facebook left the company last year and is currently the CEO of Quip.com.  And it is currently a stealth start-up because nobody knows what it is meant to do.

Taylor is working on this project together with a former Googler Kevin Gibbs. And they are not releasing any information on it yet.  So could this secretive project turn out to be the next Facebook or Google?

Well, details are certainly lacking at the moment.  Hitting quip.com in your url will just bring you to a google accounts login page.  And that does not tell much.  But some people are guessing that it could be something to do with editing of documents.

Well, a quip is to make a witty remark.  And it could also mean a joke.  So perhaps quip.com is something like Facebook and allows people to make witty remarks on webpages as they surf the net.  I am just trying to guess here.  But only time will tell.

United Engineers Launches Rival Bid for WBL - Another F&N in the making?

United Engineers (UE) is launching a takeover bid for WBL Corporation.  Will this be like another F&N?  UE's last done price was $3.33 while WBL's last done price today was $4.20.  Looking at UE's price chart over the past few months, one wonders whether there might have been some leakage of news.  The share price of around $2.40-$2.50  rose sharply from Nov 2012 onwards to today's current price of $3 over dollars.  There was also a significant spike in volume.

Anyway, UE is looking for more recurring income and thus is looking to use up its war chest of money to buy WBL which has businesses spanning automotive, property and technology.  Considering that UE is mainly involved in property development, they might be interested in spinning off some of these businesses subsequently.  But that is probably anyone's guess.

It looks like the stock price of both UE and WBL is only likely to surge as shareholders await for the bidding price to go up just like the case of F&N.