Shares of Silicon Graphics have jumped more than 20 percent in three of its last six trading days. They closed today at $11.94, more than doubling over the last two weeks.
Funds associated the New York investment firm Lampe, Conway & Co. have purchased more than $1 million worth of SGI’s shares since May, paying an average of Read the rest of this entry »
Stanford President John Hennessy, who sits on the board of directors at both Google and Cisco Systems, added his voice to the rising chorus calling for resolution sooner rather than later to the credit crisis enveloping the U.S. economy, in an interview with Bloomberg News. Read the rest of this entry »
Now that John McCain is back on board for the debate tonight, it’s time to start making plans for watching. Some folks may gather with friends for debate parties, which is great.
But if you’re looking for alternative ways to gather with folks virtually, consider watching the debates at Current TV, either on your cable system or online here.
Current TV has teamed up with Twitter to create a stream of tweets that will appear on the screen throughout the debate. If you’re familiar with Twitter, all you need to do is include the #current hash tag in your tweet to get it into the Current TV stream.
During the conventions, I had Twitter running on my laptop and really enjoyed the interactivity and running commentary throughout the evening keynotes. Since real interactive TV appears to be years away, I found this to be a great substitute. So I’ll be watching tonight and posting my thoughts on Twitter. If you want me to see your tweets, also include @sjcobrien in your tweets.
Transmeta, the Santa Clara developer of semiconductor technology, said Wednesday afternoon that it “will now explore a possible sale” of the company. The move no doubt pleased its newest board member and largest shareholder, Bryant Riley, who gave up his proxy battle with the company in return for a board seat for himself and two others he agreed on with the company. Riley, who owns 12.1 percent of Transmeta’s shares, also agreed to limit any future accumulation of them to no more than 13 percent. Read the rest of this entry »
Here’s another take on executive compensation and the bailout from someone that I really respect, Graef Crystal. For many years, Crystal wrote a column on executive compensation for Bloomberg. Now he’s launched his own Web site where he’s providing some in-depth analysis on issues that touch on executive compensation.
Crystal just posted his view on the debate on the bailout and executive compensation. In sum: Crystal things the bailout and limiting executive pay are both bad ideas:
“How about this for a deal: We don’t bail out the banks to the tune of $700 billion. And we don’t have pay controls on executives, either.”
His concern is that without the proper incentives, the banks won’t be able to attract the talented managers they need to turn themselves around. He also worries that companies will still find loopholes in any new restrictions, and the result will be unintended consequences. Read the rest of this entry »
This morning in the Mercury News, I wrote a column sharing my thoughts on the proposed bailout. The bottom line: We need to find better ways to reward risk without encouraging recklessness.
But this is just the beginning of this debate. Already this morning, my inbox is flooded with emails from readers and “experts” wanting to talk about the bailout. It’s scary stuff. There’s a lot of unknowns and what-ifs, and a healthy dose of outrage mixed in. A good recipe for getting your blood pressure racing up the charts.
Once you’re past the venting stage, there’s a way for you to participate in the debate. Via Craig Newmark’s blog, I found Public Markup. In short, it’s a place where pending pieces of legislation get posted and you can comment on various parts of them, or, in D.C. parlance, “mark them up.”The site is sponsored by the Sunlight Foundation. Read the rest of this entry »
Richard Crowley was named chief financial officer of Integrated Device Technology, according to a filing the San Jose chip maker made with the SEC Tuesday. He will begin work Oct. 20, 10 days after he leaves his current employer, Micrel. Crowley gave his notice last week at Micrel, which revealed the decision in its own filing today.
Crowley, 51, has worked at Micrel since 1999 and spent 18 years with Read the rest of this entry »
Opti said it prevailed in an arbitration with Nvidia over its continued use of Opti’s “pre-snoop” technology, and is owed $3.75 million plus interest for Nvidia’s unpaid use of the intellectual property involved for the five quarters from Feb. 1, 2007, through April 30, 2008, according to a filing the company made with the SEC Tuesday.
The two companies had entered into a licensing agreement in 2007 as part of the settlement of a patent infringement claim Opti brought against Nvidia in 2004, according to Tuesday’s filing. The agreement called for Nvidia to make quarterly royalty payments of Read the rest of this entry »
PDL Biopharma, the Redwood City biotechnology company that has been struggling to satisfy disgruntled shareholders by selling off assets and laying off workers for more than a year, said in an SEC filing Monday that royalty payments it had expected to start receiving before the end of its current quarter, won’t be coming any time soon.
In its quarterly financial statement filed in August, PDL had said it expected to start receiving royalty revenues Read the rest of this entry »
Maxim Integrated Products, the Sunnyvale chip maker that hasn’t filed financial reports with the Securities and Exchange Commission since May 2006 because of an investigation into its past stock option granting practices, said Monday it reached a settlement of a shareholder lawsuit over the matter.
The legal action, brought against some of the company’s current and former executive officers and directors, included no admission of “wrongdoing or fault” on their part. Such settlements almost never do.
However, Read the rest of this entry »
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