ChemoCentryx IPO expected this week
February 5, 2012
ChemoCentryx Inc. is the next Silicon Valley initial public offering expected, with its debut on Nasdaq expected this week. The Mountain View company set a target range last month of $14 to $16 for the 4 million shares it plans to sell in the IPO. The target at the top of the range would bring in $64 million, slightly less than the $69 million the biopharmaceutical company filed for back in October. ChemoCentryx focuses on the treatment of autoimmune diseases, inflammatory disorders and cancer..
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ChemoCentryx IPO expected this week
Cisco earnings eyed for more improvement
February 5, 2012
Cisco Systems Inc. earnings on Wednesday are being watched for more signs of improvement for the networking equipment giant. Analysts expect the San Jose-based company (NASDAQ:CSCO) to post earnings of 38 cents a share, up almost 23 percent, on a revenue increase of about 8 percent to $11.23 billion. Cisco last year shook up its business, cutting staff and dropping consumer-oriented product lines to get back to its business-oriented core. Its stock was one of the worst performers in 2010 but has risen 40 percent since hitting bottom at $13..
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Cisco earnings eyed for more improvement
Yelp shows wider 2011 loss on new IPO filing
February 4, 2012
Online review site Yelp Inc. updated its initial public offering filing on Friday, showing it has a bigger loss than the year before as marketing and development costs rose. The San Francisco company co-founded by former PayPal executive Jeremy Stoppelman said its loss in 2011 was $16.9 million loss last year, compared with a loss of $9.74 million in 2010. The loss attributable to shareholders was $1.10 a share vs. 71 cents a year earlier
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Yelp shows wider 2011 loss on new IPO filing
Facebook revs up political funding ahead of IPO
February 4, 2012
Facebook Inc. formed a political action committee that raised $170,000 late last year as the company prepared to file for an initial public offering. The Center for Responsive Politics reports that a lot of the money came from Facebook executives and employees, including CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg, both giving the maximum allowable $5,000. Other top execs who gave the max $5,000 were Joel Kaplan, Facebook’s policy chief in Washington, D.C., and was President George W…
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Facebook revs up political funding ahead of IPO
Which Silicon Valley stocks are most popular in Congress?
February 4, 2012
The stocks that members of Congress own has come under the microscope lately, with some complaining that politicians have capitalized on inside information that members of the general public would face charges on. U.S. Sen.
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Which Silicon Valley stocks are most popular in Congress?
Slide show: Top 10 regional conventions and trade shows in Seattle
February 4, 2012
Conventions and trade shows impact the Puget Sound area economy to the tune of millions of dollars — and they attract millions of enthusiastic attendees from the region, nation and the world. Some of the more colorful events include the Northwest Flower & Garden Show and two conventions that welcome legions of costume-clad comics fans: Emerald City ComiCon and Sakura-Con. Other exhibitions cater to prospective college students, motorcycle lovers, and engaged couples planning weddings. The Puget Sound Business Journal has compiled a list of the top 24 regional conventions and trade shows staged at the Washington State Convention Center in 2011…
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Slide show: Top 10 regional conventions and trade shows in Seattle
Concordia gets $1.5 million for stadium
February 3, 2012
Concordia University has received a $1.5 million gift from Dr. Robert and Virginia Hilken that will go towards a new $7.5 million athletic complex. The complex will be named the Hilken Community Stadium. A grand opening is scheduled for Saturday, March 3, at noon
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Concordia gets $1.5 million for stadium
Boeing Puget Sound well-positioned for Defense Sec. Panetta’s ‘Air-Sea’ strategy
February 3, 2012
As the Department of Defense hones its new “Air-Sea Battle” strategy for the future, The Boeing Co.’s Puget Sound production, and Boeing nationally, are well-positioned in comparison with other large defense aerospace contractors. In particular, Boeing’s work building P-8A submarine surveillance aircraft, a variant of the Boeing 737, will generate $29.2 billion from fiscal 2010 through fiscal 2016, said Ron Stearns, research director of aerospace consultancy G2 Solutions LLC. G2 Solutions, headquartered in Kirkland, Wash…
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Boeing Puget Sound well-positioned for Defense Sec. Panetta’s ‘Air-Sea’ strategy
Mastro creditors to get checks mid-month
February 3, 2012
U.S. Bankruptcy Judge Marc Barreca this afternoon granted a motion allowing $2.8 million to be disbursed to about 200 creditors of bankrupt Seattle developer Michael R. Mastro. Bankruptcy trustee Jim Rigby said unsecured creditors with allowed claims will be getting checks mid-month. Money will be set aside for unsecured creditors whose claims are yet to be determined
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Mastro creditors to get checks mid-month
Apple rumors: New iPad in March, iPhone in June
February 3, 2012
Apple Inc. rumors from various blogs and Asian news sites this week suggest that there will be no big events this month but a new iPad will debut in March and a new iPhone in June. Boy Genius Report cited an unnamed source who claimed a source with an iPad 3 prototype sent it images that show what the new iPad may have. They appear to lend credence to speculation that there will be two versions — probably one that is WiFi only and another that is WiFi plus one that would work with GSM, CDMA and LTE wireless networks..
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Apple rumors: New iPad in March, iPhone in June
