By Dan Primack
May 26, 2011

* Big deal? Freescale Semiconductor raises 25% less than expected in its IPO

* David Einhorn: Steve Ballmer must go

* Bill Gurley: Not all revenue is created equal

* Morning Call: U.S. futures point higher, London rises earlyEuropean shares slip and the Nikkei climbs 1.5% on short-covering.

* Mick Hagen: To be a founder, you must burn the boats

* Luisa Beltran: Will private equity cozy up to Martha Stewart?

* Auf wiederluege? UBS weighs moving its investment bank out of Switzerland

* Jesse Eisinger: The “Too Big To Fail” heroes are really zeroes

* Doc leak: Libyan gold rush followed end of sanctions

* Sign up for Term Sheet’s morning emails at www.GetTermSheet.com

* It gets worse: DSK’s wealthy friends allegedly tried bribing the maid’s “impoverished family”

* Good time to be an LP? Q&A with Larry Schloss, ex-PE exec who now invest’s New York City’s public pension money.

* Charles River Ventures has invested $300 million into a single company. For context, CRV’s most recent fund is only $320 million.

* Not a joke: The Securities Industry and Financial Markets Association (SIFMA) is holding a fundraiser for Barney Frank. Politico got the invite.

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