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Bluebeam Nets Local Angel Groups 20X Return

socalTECH

Lee founded Bluebeam as a spinoff of Alliance Spacesystems, launching its first products in 2003. Bluebeam joins Green Dot among the trophy returns for the local angel groups; Green Dot IPO in 2010 resulted in a 100x return for the Tech Coast Angels. READ MORE>>.

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Broadcom Sees Record Second Quarter On Broadband, Mobile, Wireless

socalTECH

Irvine-based semiconductor maker Broadcom reported its second quarter 2010 results Tuesday, saying that it had record second quarter revenues and earnings, driven by strong product demand from its Broadband and Mobile & Wireless segments. The firm said it anticipates "increasing demand" for communications products in Q3.

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Entropic Communications Sees Jump In Revenues In Q2

socalTECH

San Diego-based Entropic Communications , a publicly held developer of semiconductors used in home entertainment and consumer electronics products, reported today that it had an increase of 56 percent in its second quarter net revenues, compared with last year. it saw in the first quarter of 2010. The firm said it earned $3.1M

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Amazon Ramps Studio Efforts, Looks For Comedy, Children's Series

socalTECH

Amazon said it will option one new project a month--worth $10,000--and will pay $55,000 plus 5 percent of Amazon's net receipts from toy and t-shirt licensing, as well as other royalties to any proposal it decides to make into a full-budget series. Amazon Studios launched in November of 2010. READ MORE>>.

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THQ Reports Loss

socalTECH

Agoura Hills-based video game maker THQ reported its yearly results Wednesday afternoon, reporting that it saw a net loss of $431.1M For the quarter, the firm said it had a net loss of $96.9M on net sales of $170.3M, compared with a net loss of $34.5M on sales of $830.0M. the firm lost on sales of $1,030.5M a year ago.

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This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

If this figure is accurate – it’s certainly a very large business even when you look at net revenues. 14mm in Series C; $25mm in Series B raised in March 2010; $44mm raised in total. If you want to run marketing campaigns you need to know who influences whom and in which product categories and geographies.

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Pernix Therapeutics Slashes Staff to Shake Up Sales Strategy

Xconomy

The remaining neurology and pain sales staff will operate under the same management, a streamlining move that the company hopes will help the company better target the key physicians who prescribe the company’s products. That deal added Somaxon’s insomnia drug doxepin (Silenor) to the Pernix product mix. million net loss.

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