socalTECH
JULY 26, 2012
Irvine-based disk drive maker Western Digital reported its annual results last night, saying that it had record revenues of $12.5 billion, and net income of $1.6 billion for its fiscal 2012. billion and $726 million in net income. The publicly held company said that compares to a fiscal 2011 revenue of $9.5
socalTECH
JANUARY 24, 2012
the maker of disk drives, has given an update on its operations, saying last night that it now believes it will restore its manufacturing capacity to pre-flood capability by the quarter ending September 2012. The update came as WD reported revenues of $2.0 billion and net income of $145M for its Q2, down from $2.5
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socalTECH
NOVEMBER 21, 2019
Honey was founded in 2012 by George Ruan and Ryan Hudson. According to PayPal, following the acquisition, Honey will continue to be headquartered in Los Angeles, and retain its brand, with Ruan and Hudson continuing to lead the team, reporting to PayPal's global consumer product and technology organization.
socalTECH
NOVEMBER 5, 2012
Agoura Hills-based videogame maker THQ is looking for a buyer, after reporting less-than-stellar results on Monday afternoon. The announcement came as the firm announced net sales of $107.4M for the three months ended September 30, 2012, down significantly from the similar quarter last year, when it had $146.0M in revenues.
Both Sides of the Table
SEPTEMBER 28, 2014
Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.
socalTECH
MARCH 19, 2012
Irvine-based Broadcom has been granted a permanent injunction against Costa Mesa-based Emulex , in a patent infringement suit, covering a number of Emulex's Fibre Channel switch products, the two firms separately reported this morning. Emulex said it is redesigning those products, which it says represent five percent of its net revenues.
Both Sides of the Table
DECEMBER 16, 2014
I knew eventually people would realize that the Kauffman Report and all the talk of VC returns were rear-view mirror analyses. Our last fund we raised was in 2012 and we began investing it in April of 2012. Family Offices (of high-net-worth individuals or families). Wait, didn’t you just raise a fund? Foundations.
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