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Qualstar Continues To Look At Strategic Options

socalTECH

Simi Valley-based Qualstar , the developer of data storage and high efficiency power supplies, says it continues to look at "strategic options" for the business, as it reported yet another quarter of declining revenues. for the quarter ended December 31, 2016. The company reported a net loss of $1.2 million on revenues of $2.2M

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Machinima Lays Off Most Employees, Ceases Operations, Say Reports

socalTECH

Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. in 2016, in a deal then reported as worth less than $100M. Machinima had been acquired by Warner Bros.

Report 127
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Bio Roundup: Theranos Cuts, Alnylam Stops, Nobel Eats Its Own & More

Xconomy

—The 2016 Nobel Prize for Physiology or Medicine went to Yoshinori Ohsumi of the Tokyo Institute of Technology. —Merrimack Pharmaceuticals (NASDAQ: MACK ) announced layoffs of 22 percent of its staff and the resignation of CEO Robert Mulroy. . —The U.S. THE ENVELOPE, PLEASE. for their work on molecular machines. .

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Xconomy’s Top Innovation Stories of the Half Year

Xconomy

Here we are at the midpoint of 2016 already. Layoffs Reflect New Turbulence at High-Flying 3D Robotics. Frank Vinluan reports from North Carolina on a new effort to boost agtech startups and university research. Time to look back on the past six months—and some of the top stories of the year so far.

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Biotech Roundup: Kadmon Debt, Hemo Data, Loose Lips & More

Xconomy

The filing held some surprises , however, as Xconomy reported: plans to convert about $200 million in debt—a massive amount for a privately held biotech—into shares at the IPO, with some of those shares holding special privileges for their owners. . —Ben Fidler contributed to this report. Reprints | Share:

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