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PMI-OC October 2011 Dinner Meeting

SoCal Tech Calendar

Tuesday, October 11, 2011 -- PMI-OC October 2011 Dinner Meeting. Flora will discuss effective ways to stand out, including creating a career safety net and being viewed as an expert in your field. Flora will discuss effective ways to stand out, including creating a career safety net and being viewed as an expert in your field.

PMI 113
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LegalZoom Files For IPO

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LegalZoom reported net income of $12.1M for its year ended December 31, 2011. The firm is venture backed by Polaris Venture Partners (35.1 percent ownership), Insitutional Venture Partners (14.7 percent), and Kleiner Perkins Caufield & Byers (6.4 on revenues of $156.0M READ MORE>>.

Legalzoom 196
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Western Digital Reports Record Results

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billion, and net income of $1.6 The publicly held company said that compares to a fiscal 2011 revenue of $9.5 billion and $726 million in net income. Irvine-based disk drive maker Western Digital reported its annual results last night, saying that it had record revenues of $12.5 billion for its fiscal 2012.

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Active Network Revenues Up In Q1, Sets Trading Symbol

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San Diego-based Active Network , the operator of sports registration and online community sites, said in a filing today that it had a net loss of $10.9M on revenues of $72.71M for the three months ended March 31, 2011. Revenues were up 15% from the quarter ending March 30, 2010, when the firm reported a net loss of $12.4M

Activity 145
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Peregrine Semiconductor Updates IPO Filing

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San Diego-based Peregrine Semiconductor , the developer of CMOS RF integrated circuits, updated its S-1 filings Friday, saying that it had a net loss of $1.0M for the three months ended March 26, 2011. That compares with net income of $1.0M on revenues of $21.2M on revenues of $22.9M for the similar quarter in 2010.

.Net 153
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Somaxon Pharmaceuticals Acquired For $25M

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Somaxon had 12 months net sales of approximately $11.7M The company has been looking for a buyer since December of 2011, when it drastically cut its staff and said it had hired an investment banker. According to the two companies, Pernix will acquire Somaxon in a stock-for-stock transaction worth a total of $25M in total equity.

San Diego 147
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Broadcom Wins Permanent Injunction Against Emulex

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The permanent injunction gives a "sunset period" to Emulex to stop selling the products, with one period running from October 12, 2011 until April 12, 2013 and the other starting December 16, 2011 until June 16, 2013. Emulex said it is redesigning those products, which it says represent five percent of its net revenues.

Patents 133