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ACTIVE Network Wins Three Cities

socalTECH

San Diego-based ACTIVE Network is expanding its footprint in the parks and recreation management market, reporting this morning that it has signed up the cities of Phoenix, Portland, and Denver as customers of its ACTIVE Net software. active network recreation parks registration community' READ MORE>>.

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Boingo Wireless Reports Quarterly Results

socalTECH

Los Angeles-based Boingo Wireless , the operator of a network of Wi-Fi access points, has reported its first quarterly results as a public company. The firm reported a net loss of $329,000, versus a net loss of $127,000 for Q1 last year. Boingo said it had revenues of $21.0M, up from $18.5M READ MORE>>.

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Report: The Bay Area Isn’t Bleeding Tech Workers After All

Tech.Co

You’d be forgiven, then, for assuming the city is seeing a net loss of tech workers. But, you’d be wrong, according to a new report out from LinkedIn. LinkedIn’s April report on the state of the U.S. users and the over 3 million job positions the professional network fields each month. Source: LinkedIn.

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Boingo Wireless Files For IPO

socalTECH

Los Angeles-based Boingo Wireless , the operator of a global Wi-Fi hot spot network, has filed for an IPO, saying Friday afternoon that it is looking to raised up to $75M in an IPO. According to Boingo, it intends to apply to list on the NASDAQ Global Market as WIFI. The firm reported it had net income of $1.4M

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ReachLocal Sees International Growth

socalTECH

Woodland Hills-based ReachLocal , which helps small and medium sized businesses place online advertising, released its results Tuesday afternoon, reporting a net loss of $4.6M The firm saw an overall, 28 percent growth in its revenues from year to year, with particular growth in international markets. on revenues of $98.6M.

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Will Facebook's IPO Unbottle Southern California's Pipeline?

socalTECH

The firm reported net income of $1 billion on revenues of $3.7 Will the filing of an IPO by Menlo Park-based Facebook unclock the pipeline of would-be Southern Calfornia IPOs? Facebook filed for its IPO Wednesday afternoon, saying that it is looking to raise up to $5 billion, in what is expected to be the biggest IPO since Google.

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Entropic Sees Steep Drop In Revenues

socalTECH

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. READ MORE>>.

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