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THQ Drastically Lowers Sales Guidance

socalTECH

Agoura Hills-based videogame maker THQ has drastically lowered its sales guidance, saying early this morning that it has updated fiscal guidance for its fiscal first quarter ending June 30th and fiscal year ending March 31, 2011, due to "lower than anticipated sales" of its title UFC Undisputed 2010, plus a strengthening US dollar.

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Baroda In Fab.com's New $105M Funding

socalTECH

Baroda has been an investor in Fab since its seed funding back in June of 2010. Fab.com said the new funding round was led by Atomico, and also included Pinnacle Ventures, re-Net Technology Partners, Mayfield Fund, DoCoMo, Menlo VEntures, Andreessen-Horowitz, and First Round Capital.

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Pernix Therapeutics Slashes Staff to Shake Up Sales Strategy

Xconomy

Morristown, NJ-based Pernix (NASDAQ: PTX ) will cut 60 workers , mostly from its neurology sales staff, the company said today. million in net revenue last year, its highest sales mark since becoming a public company in 2010, according to its annual report. million net loss. Last year, Pernix reported a $148.3

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Demand Media Revenues Up In Q1

socalTECH

Santa Monica-based Demand Media reported its results Thursday, saying that it had a net loss of $5.6 in revenues the firm reported in Q1 of 2010. Demand also mentioned strong direct brand advertising sales helped its results. million on revenues of $79.5M. Revenues were up 48 percent compared to the $53.6M

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RealD Revenues Rise To $57.8M

socalTECH

Los Angeles-based RealD , the developer of 3D movie projection technology, released its results Thursday, saying its Q3 2011 revenues rose to $57.8M, up 91 percent from Q3 of of 2010, when it reported revenues of $30.2M. The firm had a net GAAP loss of $16.6M. READ MORE>>.

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THQ Reports Loss

socalTECH

Agoura Hills-based video game maker THQ reported its yearly results Wednesday afternoon, reporting that it saw a net loss of $431.1M on sales of $830.0M. the firm lost on sales of $1,030.5M For the quarter, the firm said it had a net loss of $96.9M on net sales of $170.3M, compared with a net loss of $34.5M

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Privacy, Net Neutrality, The Social Network, Angelgate and More on TechZulu Law

Tech Zulu Event

TechCrunch Sale to AOL: [link] news/ci_16195749?source=rss& link] com/aol-techcrunch-price-25- million-2010-9. Net Neutrality Dies. Facebook Private Groups. Social Media User's Bill of Rights. source=rss& nclick_check=1. TechCrunch Disrupt Startup Battlefield Gripe Pitch. Wiretapping the Internet.