5 Tech IPOs We Don't Need

NEW YORK (TheStreet) -- The tech sector has been a wasteland for investors crushed by fallen favorites like Google (NASDAQ: GOOG), Research In Motion (NASDAQ: RIMM) and Nokia (NYSE: NOK) and sapped of life by listless giants Microsoft (NASDAQ: MSFT), Intel (NASDAQ: INTC) and Cisco (NASDAQ: CSCO).

Even Apple (NASDAQ: AAPL) shares seem a little tuckered out after a huge 1,000%, 10-year run.

As argued here, an infusion of new blood IPOs from fast-growing upstarts like Facebook, HTC or Twitter would inject some welcome new life into tech.

The flip side of that argument then, is that there are a few names that would be terrible ideas to invest in.

We're highlighting five absolutely wrong companies that could push an IPO at the wrong time for all the wrong reasons. There's no indication that any of these companies -- while wildly popular right now -- have immediate IPO plans. But if they did, we've taken the time to review the business strategies and point out some publicly traded companies that are already doing a lousy job of it ... read on.