Kleiner Perkins on Wednesday filed court documents detailing the venture firm’s legal costs in the five-week trial in Ellen Pao’s gender-discrimination lawsuit against the firm: $972,814. But it would waive those costs if Pao does not file an appeal.
Software maker Apigee raised $87 million when it priced shares on Thursday and prepared to join Wall Street for the first time, becoming the second tech IPO from Silicon Valley this year and breathing new life into a lackluster market. It begins trading on the Nasdaq today.
The Nasdaq composite on Thursday closed up nearly 21 points, or about half a percent, at 5,056.06, eclipsing its former all-time high close of 5,048.62 set in March 2000.
Buoyed by more global brands marketing their products on YouTube, Google reported first-quarter sales of $17.3 billion Thursday that were 12 percent higher than last year. Although the company narrowly missed Wall Street’s expectations for its profit and revenue, strong growth in advertising sales pushed shares up in after-hours trading.
Apple’s long-awaited Watch is expected to begin shipping today, two weeks after customers started placing pre-orders for the gadget.
In a speech at Stanford University’s business school Thursday, Defense Secretary Ashton Carter made a plea for repairing ties between the federal government and Silicon Valley that frayed in the wake of revelations by Edward Snowden of widespread spying by the government on citizens and tech companies.
SV150: After the 2011 embarrassment of the Solyndra scandal and the subsequent hot-and-cold reception from investors, the cleantech industry in 2014 finally enjoyed some good news.
