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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. According to Qualstar, it had a loss of $0.4 million on revenues of $2.2M for the quarter ended December 31, 2016.

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Rumors Swirl Around THQ

socalTECH

Rumors have been swirling around Agoura Hills-based THQ since this weekend, when a gaming industry analyst, Peter Skerritt, reported that the videogame maker was either looking for a buyer or shutting down its videogame development efforts, cancelling its 2014 lineup. as part of an "ongoing review" of its business. READ MORE>>.

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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

That keeps people from pushing themselves to develop the kind of new solutions that will permanently change the business for the better, versus short-term band-aids. Strategic threats, including new competitors, market changes, and environmental issues need deeper analysis and full resolution, before they jeopardize your business survival.

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THQ Details Buyers, Numbers After Fire Sale

socalTECH

THQ detailed the sale Wednesday night, saying the company's estate will receive approximately $72M in total through the sales of its owned studios and games in development. Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers.

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Machinima Lays Off Most Employees, Ceases Operations, Say Reports

socalTECH

Machinima first started developing its gaming-related content back around 2008, and helped usher in a healthy investment market for multi-channel-networks, companies which aggregated multiple YouTube creators and channels into a single media company. Machinima had been acquired by Warner Bros. READ MORE>>.

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Biotech Roundup: Moonshots, Pink Slips, Gilead, Brexit & More

Xconomy

If you want fireworks this weekend, you can either celebrate the 4th of July or watch the latest post-Brexit political developments in Britain. Traded on the London Stock Exchange, its shares held steady while the market went haywire, then climbed all week through Thursday’s close. It is the target of a hostile bid from Sanofi.

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NextWave Wireless Gets $100M In Debt, Cuts Staff, Hires Banker

socalTECH

In a related move, the company said that it has engaged the services of Lazard to help the firm develop and implements its business divsestiture strategy. NextWave was originally a buyer of government radio spectrum, but instead went on to develop semiconductors for the wireless market. READ MORE>>

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