Table: Planning an IPO? Look before You Leap
Some lessons KPMG Consulting has learned:
KPMG's public-service group is expected to help offset near-term softness in some of its other practices--especially the technology group.
Choose your allies carefully: Marketing partners Cisco Systems and Oracle are sound, but KPMG's $63.3 million investment in Qwest Cyber Solutions was a total loss.
Ax personnel quickly. Two recent rounds of layoffs signaled to Wall Street that KPMG values the opinion of the public markets.
Time It Right
Because KPMG went public in a sour economy, its shares are hovering below the $18 IPO price, employee stock options are under water, and near-term growth will be slow.