socalTECH
OCTOBER 3, 2011
A report today says that Napster , the online music service now owned by Best Buy, is being sold to Rhapsody. Los Angeles-based Napster was acquired by Best Buy in September of 2008 in a deal which was worth net value of approximately $54M. READ MORE>>.
socalTECH
OCTOBER 7, 2010
A new report released today by Next 10 , a nonprofit, nonpartisan public policy group, says that Southern California--and California, as a whole--leads the green innovation, cleantech venture capital, and energy market. The report was compiled by research firm Colaborative Economics.
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socalTECH
DECEMBER 14, 2009
Camarillo-based Vitesse Semiconductor , a developer of communications ICs for the networking industry, reported its yearly results today, saying that it had a net loss of $194.0M in its fiscal 2008 year. in fiscal year 2009, and revenues of $168.2M for the year. The firm's revenues dropped from $228.5M
socalTECH
MAY 1, 2009
San Diego-based Entropic Communications reported its results yesterday, saying that its net revenues fell to $24.1M, a drop of 18 percent from the fourth quarter of 2008, when it had revenues of $29.5M, and a 43% drop from the first quarter of 2008, when it reported $42.0M. The firm had a net loss of $8.7M.
socalTECH
FEBRUARY 17, 2010
Fallbrook reported a net loss of $11.7M For 2008, the firm had a loss of $11.9M The IPO is being underwritten by CIBC and Mackie Research Capital. Fallbrook is venture backed by Robeco Group, NGEN Partners, and others. on reveues of $871,000 for the nine months ended September 30, 2009. on revenues of $2.28M. READ MORE>>.
socalTECH
JULY 24, 2009
Irvine-based Autobytel , which provides automotive information and an online lead referral business for automotive dealers, reported its results Thursday, reporting that it had revenues of $13.4M for Q2 of 2008. The firm had a net loss of $251,000. for Q2, down from $19.0M light vehicle sales. READ MORE>>.
socalTECH
JANUARY 30, 2009
The move came after the firm reported net revenues of $1.127 billion for the third quarter of 2008. The results for the year were actually up 23.3%, to $4.658 billion, however the firm said that the it expects a slowdown in the economy will negatively impact the firm's business in the first quarter of 2009.
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