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A report today says that Napster , the online music service now owned by Best Buy, is being sold to Rhapsody. Los Angeles-based Napster was acquired by Best Buy in September of 2008 in a deal which was worth net value of approximately $54M. READ MORE>>.
Santa Monica-based Demand Media , the internet publishing firm headed by Richard Rosenblatt, reported its fourth quarter and fiscal 2010 results today, the first as a public company. The firm also reportednet income of $1.0M, versus $3.9M The firm reportednet loss of $5.3M in revenues from Q4 of 2009.
A new report released today by Next 10 , a nonprofit, nonpartisan public policy group, says that Southern California--and California, as a whole--leads the green innovation, cleantech venture capital, and energy market. The report was compiled by research firm Colaborative Economics.
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Woodland Hills-based ReachLocal , the provider of local online marketing services for small and medium sized businesses, reported its results Tuesday, saying that it had $77.1M The firm reported a net loss of $2.8M, compared with net income of $14.9M in revenues. for the quarter.
parent company of Snapchat, reported a net loss of $2.2 billion (-$2.31 a share) during its first quarter as a public company, stemming mostly from stock-based compensation issued to employees for its initial public offering in March.
Irvine-based disk drive maker Western Digital reported its annual results last night, saying that it had record revenues of $12.5 billion, and net income of $1.6 billion and $726 million in net income. billion for its fiscal 2012. The publicly held company said that compares to a fiscal 2011 revenue of $9.5
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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
In its first quarterly earnings report since terminating the agreement, Stamps.com posted a net income of $14 million, down 69% from $45.5 million this time last year.
the maker of high-speed analog semiconductors, has updated its S-1, to reflect the firm's Q3 financials, saying that it had had net income of $3.58M on total revenues of $21.8M That compared with net income of $3.85M on revenues of $18.37M for the same quarter last year. Inphi Corp. , for its quarter ended September 30, 2010.
LegalZoom reportednet income of $12.1M The firm is venture backed by Polaris Venture Partners (35.1 percent ownership), Insitutional Venture Partners (14.7 percent), and Kleiner Perkins Caufield & Byers (6.4 on revenues of $156.0M for its year ended December 31, 2011. READ MORE>>.
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According to a report from CNBC , a new Chief Business Officer--Jeremi Gorman--has completely changed Snap's advertising business. billion in net worldwide ad revenue this year, a 30% increase over 2018, according to the CNBC report. What's behind the turnaround in the online ad business of Venice-based Snap ? READ MORE>>.
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Camarillo-based Vitesse Semiconductor , a developer of communications ICs for the networking industry, reported its yearly results today, saying that it had a net loss of $194.0M in fiscal year 2009, and revenues of $168.2M for the year. The firm's revenues dropped from $228.5M in its fiscal 2008 year. for goodwill impairment.
Thousand Oaks-based Amgen reported this morning that it has completed its tender offer for Onyx Pharmaceuticals , and now expects its acquisition to complete today. billion net of estimated cash at Onyx. Amgen said the deal is worth $9.7
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No single investor invests more than a specified amount in the offering: The greater of $2,000 or 5% of the annual income or net worth of the investor, as applicable, if the investor has annual income or net worth of less than $100,000; or.
The provider of data storage equipment reported that it had net income of $0.5M in net income of $19.28M in revenues for the three months ended September 30, 2010. Year to year revenues were up from the $60.89M the firm reported for its year ended June 30, 2009. in revenues for the year ended June 30, 2010, and $1.7M
San Diego-based Active Network , the operator of sports registration and online community sites, said in a filing today that it had a net loss of $10.9M Revenues were up 15% from the quarter ending March 30, 2010, when the firm reported a net loss of $12.4M on revenues of $72.71M for the three months ended March 31, 2011.
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The firm reported it had net income of $2.97M on revenues of $47.68M for the six months ended September 30, 2009. For its fiscal year ended March 31, 2009, it had net income of $4.0M GameFly is venture backed by Sequoia Capital, Tenaya Capital, and a number of individuals, with Sequoia owning around 51.5 percent of the firm.
The company reported a net loss of $131M for 2013, on revenues of $1.13 Morgan, Citigroup, Barclays, Deutsche Bank Securities, RBC Capital Markets, KKR Capital Markets, and Stifel. Scottsdale, Arizona-based GoDaddy has not yet selected an exchange. READ MORE>>. godaddy mediatemple merger acquisition exit hosting premium'
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Los Angeles-based Internet Brands reported its results Thursday, saying that the firm saw record revenues in Q2. According to Internet Brands, it had net income of $4.6M in net income on revenues of $23.2M in revenues, up from $2.5M in Q2 of 2009.
The firm reportednet income of $37.16M on revenues of $234.8M Morgan, Morgan Stanley, Piper Jaffray, and UBS Investment Bank. Green Dot is venture backed by Sequoia Capital, TTP Fund, as well as a significant number of Tech Coast Angels. Green Dot is headed by Steven Streit.
Pasadena-based Green Dot , the provider of prepaid credit cards which recently debuted on the markets, reported its quarterly earnings Thursday, saying that the tight financing environment continues to drive new customers to the company. The firm said it had net income of $4.6M in net income on operating revenues of $62.9M
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.
Monrovia, California-based Green Dot , the provider of prepaid debit cards run by Steve Streit, reported in an updated S-1 filing with the SEC this week that it has issued 2,208,552 shares of its Class A stock to Walmart, as part of a renewed distribution deal with the retail giant signed in May. in net income it earned on $60.7M
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Agoura Hills-based videogame maker THQ said Thursday that it expects to see the "biggest quarter in company history" due to holiday sales this season, as it reported nearly doubling its net sales in the three months ended September 30th. The company said it had net sales of $146.0 million, compared with $77.1M in the quarter.
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. The firm said it earned $3.1M it had in Q2 of 2009, when it lost $4.3M.
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