Troy Wolverton tweets from CES 2011(0)
Columnist Troy Wolverton is at CES 2011 in Las Vegas. Follow his reactions here. Note: If you’re having difficulty seeing the widget below you can check out Troy’s posts on Twitter @troywolv.
Author Archives
Kana paying dearly for borrowed money(0)
Kana Software today filed news of an amendment to its loan agreement with Bridge Bank to “require” the Menlo Park maker of customer service tools to borrow $1 million from Agility Capital, which Kana did as of July 30.
The loan bears an interest rate of 15 percent Read the rest of this entry »
Altera axing 87 jobs(0)
The management at Altera, the San Jose maker of programmable chips, “committed” today to cutting 87 jobs from its 2,700 person workforce, or about 3 percent of its staff. The cuts, expected to be mostly completed this quarter, are a result of Altera’s efforts “to lower its cost structure.” It will be the second round of job cuts this year following the company’s decision Read the rest of this entry »
Unidentifed Symantec investor proposes lower ownership threshold for calling special meetings(0)
A proposal on the agenda of Symantec’s Sept. 23 annual meeting calls for lowering the threshold of how much an investor owns of the company’s stock in order to have the right to call for a special meeting. Rather than listing the name of the stockholder putting forth the proposal, along with the number of Read the rest of this entry »
Level 3 stepping out on Infinera in tryst with another vendor(0)
Infinera, the Sunnyvale supplier of digital optical networking gear to telecommunications providers, got some bad news Wednesday from one of its biggest customers. Level 3 Communications told Infinera Wednesday that it will start using another vendor of Read the rest of this entry »
Xtent throws cold water on hopes for finding a suitor(1)
Xtent, the Menlo Park development-stage medical device company that postponed a special shareholder meeting earlier this month at which it was to seek permission to liquidate its assets in order to give itself more time to discuss possible deals with interested parties, has evidently not made much progress in coming up with a deal.
The meeting, which was pushed Read the rest of this entry »
VirnetX shares double on Microsoft patent litigation development(0)
Shares of VirnetX, the developer of Internet-calling and instant messaging software that sued Microsoft in 2007 claiming the software giant infringed three of its patents, doubled in value today after the Scotts Valley company reported that the federal court hearing the suit had issued a “Markman” order that adopted interpretations of the patent claim language that it Read the rest of this entry »
Adept touts new $2.5 million order as one sign of start of “steady recovery”(0)
Adept Technology, the Pleasanton supplier of robotics-based manufacturing equipment, said Tuesday it had received a $2.5 million order for vision-guided robots from “a leading international consumer electronics manufacturer” as part of a “major capacity expansion program,” according to a filing Tuesday with the SEC.
Adept expects the order to be fulfilled and booked as revenue during its fiscal Read the rest of this entry »
NeoMagic pays 10 cents on the dollar to settle with former landlord(0)
NeoMagic, the insolvent chip maker that ceased searching for new business last September, settled last week with its former landlord last week by agreeing to pay $35,000 over the next 60 days to settle the landlord’s claim of $2.04 million. Combined with a Read the rest of this entry »
West Marine agrees never again to do the things it doesn’t admit ever doing(0)
West Marine, the Watsonville-based boating supply retailer, reported today that the Securities and Exchange Commission approved a final settlement of the federal agency’s investigation into certain of the company’s accounting practices.
The SEC alleged today in a complaint filed in a federal court in San Jose that Read the rest of this entry »
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