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		<title>Valley grab bag: Apple shares down; Leo Apotheker speaks; 23andMe&#8217;s $99 genetic tests</title>
		<link>http://www.siliconbeat.com/2012/12/14/valley-grab-bag-apple-shares-down-leo-apotheker-speaks-23andmes-99-genetic-tests/</link>
		<comments>http://www.siliconbeat.com/2012/12/14/valley-grab-bag-apple-shares-down-leo-apotheker-speaks-23andmes-99-genetic-tests/#comments</comments>
		<pubDate>Fri, 14 Dec 2012 19:40:48 +0000</pubDate>
		<dc:creator>Levi Sumagaysay</dc:creator>
				<category><![CDATA[GMSV]]></category>
		<category><![CDATA[23andme]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[autonomy]]></category>
		<category><![CDATA[DNA]]></category>
		<category><![CDATA[genetics]]></category>
		<category><![CDATA[Hewlett Packard]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[leo apotheker]]></category>
		<category><![CDATA[shares]]></category>
		<category><![CDATA[testing]]></category>
		<category><![CDATA[yuri milner]]></category>

		<guid isPermaLink="false">http://blogs.siliconvalley.com/gmsv/?p=34914</guid>
		<description><![CDATA[Quick hits about Silicon Valley companies: • Apple shares continue to hover around 3.5 percent lower today after an analyst downgrade. UBS analyst Steven Milunovich reportedly says iPhone component suppliers have seen &#8220;large order cuts&#8221; in the past couple of days. Milunovich also wrote that in China, where the iPhone 5 just became available, it is not expected to do as well as the previous iPhone. Shares of Apple were trading at $510.30 as of this post, at their lowest level since near the beginning of the year. • Remember Leo Apotheker? The former HP CEO is speaking out about the ill-fated Autonomy acquisition he presided over. &#8220;No single CEO is ever able to make a decision on a major acquisition in isolation, particularly at a company as large as HP — and certainly not without the full support of the chairman of the board,&#8221; he said in an email to Bloomberg. The chairman of Hewlett-Packard&#8217;s board, of course, is Ray Lane. HP bought British software maker Autonomy in a more than $10 billion deal last year, and took an $8.8. billion charge on it last month. (See HP shares sink on double whammy of huge writedown, falling sales.) • And [...]]]></description>
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						data-text="Valley grab bag: Apple shares down; Leo Apotheker speaks; 23andMe&#8217;s $99 genetic tests" data-url="http://www.siliconbeat.com/2012/12/14/valley-grab-bag-apple-shares-down-leo-apotheker-speaks-23andmes-99-genetic-tests/" 
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		<div style="clear:both;"></div><p>Quick hits about Silicon Valley companies:</p>
<p>• <a href="http://www.siliconvalley.com/topics/?Apple,%20Inc." target="_blank">Apple</a> shares continue to hover around 3.5 percent lower today after an analyst downgrade. UBS analyst Steven Milunovich <a href="http://www.forbes.com/sites/ericsavitz/2012/12/14/apple-cuts-parts-orders-analyst-says-stock-at-10-month-low/" target="_blank">reportedly</a> says iPhone component suppliers have seen &#8220;large order cuts&#8221; in the past couple of days. Milunovich <a href="http://www.siliconvalley.com/ci_22192402/apple-shares-open-down-3-9-percent-after" target="_blank">also wrote</a> that in China, where the iPhone 5 just became available, it is not expected to do as well as the previous iPhone.</p>
<p>Shares of Apple were trading at $510.30 as of this post, at their lowest level since near the beginning of the year.</p>
<p>• Remember Leo Apotheker? The former <a href="http://www.siliconvalley.com/topics?Hewlett-Packard" target="_blank">HP</a> CEO is speaking out about the ill-fated Autonomy acquisition he presided over. &#8220;No single CEO is ever able to make a decision on a major acquisition in isolation, particularly at a company as large as HP — and certainly not without the full support of the chairman of the board,&#8221; he said in an email to <a href="http://www.bloomberg.com/news/2012-12-13/hp-former-ceo-says-board-shares-blame-for-autonomy-deal.html" target="_blank">Bloomberg</a>. The chairman of Hewlett-Packard&#8217;s board, of course, is Ray Lane.</p>
<p>HP bought British software maker Autonomy in a more than $10 billion deal last year, and took an $8.8. billion charge on it last month. (See <a href="http://blogs.siliconvalley.com/gmsv/2012/11/20/hp-shares-sink-on-double-whammy-of-huge-writedown-falling-sales/" target="_blank">HP shares sink on double whammy of huge writedown, falling sales</a>.)</p>
<p>• And finally, 23andMe this week announced this week that it has lowered the price of its personal genetics test from $299 to $99. That&#8217;s right, for the price of an e-reader or cell phone, you can mail the Silicon Valley company a spit sample and it says it can let you know more about your genetic makeup, including whether you might be predisposed to certain diseases.</p>
<p>The steep price drop is being made possible by a new round of funding in the company by billionaire Yuri Milner, who&#8217;s making an investment for the first time, according to my colleague <a href="http://www.siliconbeat.com/2012/12/11/wiretap-new-funding-for-one-kings-lane-23andme-etc/" target="_blank">Peter Delevett at SiliconBeat</a>, along with past investors such as Google Ventures, NEA and Google&#8217;s <a href="http://www.siliconvalley.com/topics?Sergey%20Brin" target="_blank">Sergey Brin</a>, who&#8217;s married to 23andMe founder Anne Wojcicki.</p>
<p>A couple of years ago, 23andMe and similar companies were criticized by the U.S. government for providing products that were supposedly &#8220;misleading and of little or no practical use.&#8221; (See <a href="http://blogs.siliconvalley.com/gmsv/2010/08/17/dna-ipo-can-these-initials-stand-for-ka-ching/" target="_blank">DNA, IPO: Can these initials stand for ka-ching?</a>)</p>
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		<title>Google invests more money in genetic testing firm co-founded by Brin&#8217;s spouse</title>
		<link>http://www.siliconbeat.com/2009/06/18/google-invests-more-money-in-genetic-testing-firm-co-founded-by-brins-spouse/</link>
		<comments>http://www.siliconbeat.com/2009/06/18/google-invests-more-money-in-genetic-testing-firm-co-founded-by-brins-spouse/#comments</comments>
		<pubDate>Thu, 18 Jun 2009 21:57:37 +0000</pubDate>
		<dc:creator>Bay Area News Group blog editor</dc:creator>
				<category><![CDATA[1]]></category>
		<category><![CDATA[23andme]]></category>
		<category><![CDATA[Anne Wojcicki]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[New Enterprise Associates]]></category>
		<category><![CDATA[Sergey Brin]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://www.siliconbeat.com/?p=5206</guid>
		<description><![CDATA[Google tossed another $2.6 million into its investment in 23andMe, the privately held personal genetic testing  company co-founded by Anne Wojcicki, who is married to Google founder Sergey Brin. The investment was part of a second round of funding in the company&#8217;s Series B preferred shares that included New Enterprise Associates, which negotiated the terms of the investment, according to a filing Google made today with the SEC. Brin, who invested $10 million in a convertible debt financing for the company had his investment converted into the same Series B preferred stock acquired by Google in this round. Google invested in 23andMe&#8217;s first round of funding in May 2007 and purchased additional Series A preferred stock in November of the same year for about $500,000. 23andMe supplies technologies and Web-based interactive tools to help individuals discover information about their own genetic make-up. It was among 13 companies that received inquiries  from California health regulators last year over complaints by consumers about the accuracy and cost of such personal genetic tests. Google has also become 23andMe&#8217;s landlord, according to a filing Google made Thursday, in a deal that was reportedly reviewed by an independent real estate appraiser. The audit committee of [...]]]></description>
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						data-text="Google invests more money in genetic testing firm co-founded by Brin&#8217;s spouse" data-url="http://www.siliconbeat.com/2009/06/18/google-invests-more-money-in-genetic-testing-firm-co-founded-by-brins-spouse/" 
						data-via="siliconbeat"   data-related="obrien"></a></div></div>
		<div style="clear:both;"></div><p><img class="alignleft size-full wp-image-5207" title="google_logo" src="http://www.siliconbeat.com/wp-content/uploads/2009/06/google_logo.gif" alt="google_logo" width="244" height="97" />Google tossed another $2.6 million into its investment in 23andMe, the privately held personal genetic testing  company co-founded by Anne Wojcicki, who is married to Google founder Sergey Brin. The investment was part of a second round of funding in the company&#8217;s Series B preferred shares that included New Enterprise Associates, which negotiated the terms of the investment, according to a <a href="http://www.sec.gov/Archives/edgar/data/1288776/000119312509133284/d8k.htm" target="_blank">filing</a> Google made today with the SEC.</p>
<p>Brin, who invested <span id="more-5206"></span>$10 million in a convertible debt financing for the company had his investment converted into the same Series B preferred stock acquired by Google in this round.</p>
<p>Google invested in 23andMe&#8217;s first round of funding in May 2007 and purchased additional Series A preferred stock in November of the same year for about $500,000.</p>
<p>23andMe supplies technologies and Web-based interactive tools to help individuals discover information about their own genetic make-up.</p>
<p>It was among 13 companies that received inquiries  from California health regulators last year over complaints by consumers about the accuracy and cost of such personal genetic tests.</p>
<p>Google has also become 23andMe&#8217;s landlord, according to a filing Google made Thursday, in a deal that was reportedly reviewed by an independent real estate appraiser.</p>
<p>The audit committee of Google&#8217;s board of directors was advised by independent counsel &#8220;as part of its decision-making process&#8221; about the deals.</p>
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