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Teledyne Cuts Outlook On Sales Slowdown In Energy Markets

socalTECH

Thousand Oaks-based Teledyne Technologies said this morning that it is cutting its outlook for the third quarter and full year, due to decline in sales in energy-related products. The company also blamed a strong U.S. dollar and "challenging" capital spending environment impacting its results.

Sales 100
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Nexsan Names Sales Head

socalTECH

Thousand Oaks-based Nexsan, a developer of storage hardware products, has appointed a new Chief Commercial Officer, the firm disclosed Monday. Nexsan said that Michael McGuire has joined the firm, reporting to CEO Philip Black, and will be in charge of worldwide sales, marketing, and business development. READ MORE>>

Sales 100
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Move Redesigns Realtor.com

socalTECH

which operates the online home sales site Realtor.com , said today that it has launched a redesigned site, built on a entirely new platform. Move operates the site in a deal with the National Association of Realtors. READ MORE>>.

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Xirrus Adds Calix CEO Russo To Board

socalTECH

Thousand Oaks-based Xirrus , the developer of wireless networking equipment headed by Dirk Gates, has snagged the CEO of networking equipment maker Calix for its board. At Xircom, Russo was COO and responsible for sales, marketing, development, and manufacturing. READ MORE>>.

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Xirrus In Channel Expansion Effort

socalTECH

Thousand Oaks-based Xirrus , the developer of Wi-Fi access arrays, looks to be a big channel expansion push, saying Thursday that it has expanded its partnership program in Europe, for the enterprise, as well as for schools and universities. Concurrently, the firm said it launched a new enterprise partner program in the U.S.,

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Teledyne Technologies Lops Employees, To Close Facilities

socalTECH

Thousand Oaks-based Teledyne Technologies , an aerospace and electronics firm, announced Wednesday that the firm has cut six percent of its North American workforce, eliminated salary increases, cut employee stock option awards, and will also close or relocate five of its operating sites, as it looks to cut expenses.

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Biotech Roundup: Biogen Rumors, Theranos, Electro-Drugs & More

Xconomy

Then came the rumor mill: Companies may or may not be approaching Biogen about a sale, and Biogen may or may not be fielding offers. As a result, Biogen will buy the rights to nusinersen and prepare to ask regulators for marketing approval. SMA has no approved treatments. Regeneron is paying $25 million upfront.

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