Oasys Water, a Cambridge, MA-based startup, has wrapped up a $10 million financing led by venture firms Advanced Technology Ventures, Draper Fisher Jurvetson, and Flagship Ventures to develop its technology for converting salt water into potable drinking water, the Boston Globe reported over the weekend. Oasys tells the daily broadsheet that its forward osmosis technology, … Continue reading “Oasys Water Raises $10M”
GSK Pays Synta $10M Milestone Fee
Synta Pharmaceuticals (NASDAQ:[[ticker:SNTA]]), a Lexington, MA-based developer of drugs for cancer and other diseases, says that it has received a $10 million payment from London-based drug giant GlaxoSmithKline for reaching an operational milestone in the development of elesclomol, which is in late-stage clinical trials for the treatment of metastatic melanoma in combination with chemotherapy drug … Continue reading “GSK Pays Synta $10M Milestone Fee”
MIT-Trained Entrepreneurs Create Businesses With $2 Trillion a Year in Sales, Kauffman Report Says
It’s no secret that the Massachusetts economy benefits from the presence of large, prestigious, star-studded universities and the companies started by their faculty and graduates. In fact, these universities take every opportunity to remind people of their importance: Just a few weeks ago, Harvard put out a report taking credit for nearly $5 billion in … Continue reading “MIT-Trained Entrepreneurs Create Businesses With $2 Trillion a Year in Sales, Kauffman Report Says”
PivotLink Lands $10M, Founder’s Funds Frugal, Earth Class Mail Signs Swiss Post, & More Seattle-Area Deals News
It was a relatively light week for deals in the Northwest, with modest activity in business software, Internet, and biotech. —PivotLink, a software firm specializing in business intelligence with offices in Bellevue, WA, and San Francisco, CA, closed a $10 million Series C round led by StarVest Partners. Other investors included Trident Capital and Emergence … Continue reading “PivotLink Lands $10M, Founder’s Funds Frugal, Earth Class Mail Signs Swiss Post, & More Seattle-Area Deals News”
Venture Lender Hercules Technology Pulls Out of San Diego
Hercules Technology Growth Capital (NASDAQ: [[ticker:HTGC]]), a specialty finance company based in Palo Alto, CA, has closed its San Diego office—roughly a year and a half after announcing its expansion into the San Diego venture market. The public company, which issues loans to startup technology companies and also makes venture investments, had three employees in … Continue reading “Venture Lender Hercules Technology Pulls Out of San Diego”
Beers and Boulder with Brad Feld
Brad Feld, co-founder of TechStars, managing director at Foundry Group, and author of the popular blog Feld Thoughts, is coming to Seattle. Entrepreneurs T.A. McCann and Dave Schappell are hosting an evening discussion around early-stage companies and investing. It’s all happening at the Palace Ballroom in Seattle. Visit the official event site here for registration … Continue reading “Beers and Boulder with Brad Feld”
The Show Must Go On: Invest Northwest Forges Ahead Despite Grim Biotech Climate
There are easier things to do these days than trying to organize a biotech investing conference in Seattle. The local cluster has taken its share of body blows, the weather is usually pretty gray in late winter, and investors aren’t in the mood to bet on anything more risky than U.S. Treasury bills. It’s all … Continue reading “The Show Must Go On: Invest Northwest Forges Ahead Despite Grim Biotech Climate”
What Now, Medical Device Entrepreneurs?
Years ago, new medical device companies were often formed by a small group of people who came up with an idea for a new concept and started the company by working on it nights and weekends in someone’s garage. Often, this new company had little or no real financial backing other than the money that … Continue reading “What Now, Medical Device Entrepreneurs?”
Xconomy San Diego Hosts its Premiere Event, A Regional Algae Initiative Blooms, Mpex Pharmaceuticals Raises $27.5M, La Jolla Pharmaceuticals Fails Key Trial, & More San Diego BizTech News
The highlight last week for Xconomy San Diego was our premiere event, “Physics for Future Presidents,” which drew a big turnout (about 200 people registered), including at least two Ph.D. physicists—Lowell Burnett of Quasar Federal Systems and J. Robert Beyster, the founder and retired chairman and CEO of defense contractor SAIC. Yet it also was … Continue reading “Xconomy San Diego Hosts its Premiere Event, A Regional Algae Initiative Blooms, Mpex Pharmaceuticals Raises $27.5M, La Jolla Pharmaceuticals Fails Key Trial, & More San Diego BizTech News”
Globespan Helps Fund COPAN
Globespan Capital Partners of Boston is one of the participants in an $18.5 million funding round announced today by COPAN Systems, a Longmont, CO-based maker of data archiving hardware for large enterprises that also has offices in Southborough, MA. The round was led by Westbury Partners and also included Austin Ventures, Firstmark Capital, and Credit … Continue reading “Globespan Helps Fund COPAN”
Dartmouth College: An Innovation Hub in Northern New England
It takes about two hours to drive to Dartmouth College from the Boston area—not nearly as convenient as the 15- or 20-minute trip that many of the area’s venture capitalists can make between their firms and Harvard or MIT. Nevertheless, some local VCs make the trek to Dartmouth’s Hanover, NH, campus on a regular basis. … Continue reading “Dartmouth College: An Innovation Hub in Northern New England”
Oasys Water Inc Garners $10,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=90778215-38a0-4a87-9efc-c2d2ef2e5211&Preview=1 Date 2/17/2009 Company Name Oasys Water Inc Mailing Address 222 Third St. Cambridge, MA 02142 Company Description Oasys (Osmotic Application Systems) is a Cambridge MA based company developing a suite of proprietary water treatment products to address the growing, global water crisis. The Company’s Engineered Osmosis (EOTM) process provides a novel … Continue reading “Oasys Water Inc Garners $10,000,000 Series A Financing”
CampusExplorer Receives $2,250,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0f2540e2-0ba6-419a-9be5-77fdff047d9d&Preview=1 Date 2/17/2009 Company Name CampusExplorer Mailing Address Undisclosed Santa Monica, CA 90404 Company Description CampusExplorer.com is dedicated to helping students, parents and counselors find the information and support needed while researching and applying to post secondary schools. Choosing the right school is an important life decision and CampusExplorer.com is here to … Continue reading “CampusExplorer Receives $2,250,000 Series B Financing Round”
StarWind Software Inc Receives New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8b2ee012-5d5f-4035-a431-31b11cd2d8da&Preview=1 Date 2/17/2009 Company Name StarWind Software Inc Mailing Address 40 Mall Rd Burlington, MA 01803 Company Description StarWind is a global leader in reliable, scalable, high-performance and easy-to-use Windows iSCSI SAN storage software. StarWind Server is a software solution that converts any Windows server into a powerful iSCSI SAN and is … Continue reading “StarWind Software Inc Receives New Funding”
Offerpal Media Receives $15,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a4c48a8a-a13c-4587-ac39-410335db8568&Preview=1 Date 2/17/2009 Company Name Offerpal Media Mailing Address 161 Mission Falls Lane Fremont, CA 94539 Company Description The company was founded with the vision of providing a new technology platform for the rapidly emerging social media marketplace. Utilizing the founders many years of experience with personalization, CPA advertising, and robust optimization … Continue reading “Offerpal Media Receives $15,000,000 Series B Financing Round”
Biz360 Obtains $8,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e2ec43b7-b57e-4dbf-91a2-7fd26a74a6ad&Preview=1 Date 2/17/2009 Company Name Biz360 Mailing Address 1400 Bridge Parkway Redwood City, CA 94065 Company Description Biz360 empowers decision makers with essential information that allows them to act strategically and respond effectively to industry trends and competitive issues. Its measurement application, Market360, continuously monitors and analyzes print, Internet, wire and broadcast … Continue reading “Biz360 Obtains $8,000,000 Series B Financing”
Exalt Communications Receives $15,000,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=15807c2d-9fd0-4508-b91d-d09a4916bd81&Preview=1 Date 2/17/2009 Company Name Exalt Communications Mailing Address 580 Division Street Campbell, CA 95008 Company Description Exalt Communications provides next generation wireless backhaul systems for service providers and enterprises worldwide. These future proof solutions include a new breed of carrier class, spectrally efficient, and high capacity microwave radio systems designed to … Continue reading “Exalt Communications Receives $15,000,000 Series C Financing Round”
SynthaSite Lands $20,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=335fb0f1-f19e-4b22-857f-d7d61b5ff06e&Preview=1 Date 2/17/2009 Company Name SynthaSite Mailing Address 51 Federal Street San Francisco, CA 94107 Company Description Small businesses and individuals need great-looking, functional websites. They should be able to easily control their content. They should not be forced to place ads on their sites. They should be able to build and … Continue reading “SynthaSite Lands $20,000,000 Series B Financing Round”
OpSource Garners $10,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf40afce-8ecf-4779-a527-f88e77023e95&Preview=1 Date 2/17/2009 Company Name OpSource Mailing Address 5201 Great America Parkway Santa Clara, CA 95054 Company Description OpSource™ delivers Software-as-a-Service (SaaS) and Web applications for on-demand companies, with hundreds of applications, millions of users and billions of transactions supported daily. OpSource On-Demand™, the leading Web operations solution, is defining how Web-based … Continue reading “OpSource Garners $10,000,000 New Financing”
VivoTech Garners $8,600,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6edaaa17-ea02-46ee-a481-f96eebdfdb5a&Preview=1 Date 2/17/2009 Company Name VivoTech Mailing Address 451 El Camino Real 2nd Floor Santa Clara, CA 95050 Company Description ViVOtech is the leading software provider of NFC mobile phone payments, Over-the-Air (OTA) provisioning of promotions and payment cards and smart poster applications. Website http://www.vivotech.com Transaction Type Venture Equity Transaction Amount $8,600,000 … Continue reading “VivoTech Garners $8,600,000 Series C Financing Round”
Ontela Scores Funding, Partners
Seattle-based Ontela, a mobile software firm, announced today it has received new funding from Eastven Venture Partners, a VC firm that is the successor to Ericsson Venture Partners. The amount was not disclosed. In an interview, Ontela CEO Dan Shapiro said the company also has signed deals with four of the top five handset makers … Continue reading “Ontela Scores Funding, Partners”
Happy Birthdays Misters President
Xconomy will be off today in honor of the birthdays of George and Abe. (And while we’re at it we’ll probably lift a belated glass to Charles as well.) For those of you embarking on school-vacation-week adventures, bon voyage! To the rest, we’ll be back tomorrow with all the high-tech and life-sciences news you can … Continue reading “Happy Birthdays Misters President”
Ontela, Inc. Lands New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ff24e3ae-2a45-4d7a-b8bf-3bea1f9b67b9&Preview=1 Date 2/16/2009 Company Name Ontela, Inc. Mailing Address 506 Second Avenue Seattle, WA 98104 Company Description The Ontela PicDeck™ platform brings simple and reliable image services to popular mobile phone handsets, helping both wireless carriers and image service providers deliver more value to their customers. With a click of the shutter, … Continue reading “Ontela, Inc. Lands New Financing”
Emergent Game Technologies Secures $12,500,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=812240f7-0b42-4468-ba6c-63553e018422&Preview=1 Date 2/16/2009 Company Name Emergent Game Technologies Mailing Address 5016 North Parkway Calabasas Calabasas, CA 91302 Company Description Emergent Game Technologies is the single source for all the tools required to build, test, manage and expand interactive games. Emergent was founded in 2000 and merged with NDL, the company that created … Continue reading “Emergent Game Technologies Secures $12,500,000 New Funding”
Yieldex Secures $8,500,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=197e6680-ff94-460a-b7a2-b2c935b3be2c&Preview=1 Date 2/16/2009 Company Name Yieldex Mailing Address 204 E 2nd Ave San Mateo, CA 94401 Company Description Yieldex is a developer of software for the allocation of advertising inventory with the objective of CPM optimization. Website http://www.yieldex.com Transaction Type Venture Equity Transaction Amount $8,500,000 Transaction Round Series B Proceeds Purposes Proceeds … Continue reading “Yieldex Secures $8,500,000 Series B Funding Round”
Xconomy Forum: The Rise of Cleantech in the Northwest **SOLD OUT**
In today’s economy, cleantech and renewable energy are rare examples of fast-growing areas of investment and entrepreneurial activity—but the Northwest is behind the curve in these emerging arenas compared to Silicon Valley, New England, and some other parts of the country. The Northwest, however, is developing nearly unrivaled expertise in one of the most exciting … Continue reading “Xconomy Forum: The Rise of Cleantech in the Northwest **SOLD OUT**”
Helix Biomedix Raises $3.2M
Helix BioMedix, a Bothell, WA-based developer of peptide molecules, said it has raised $3.2 million through debt that can convert into shares of stock, plus warrants to buy its stock. The company (OTCBB: [[ticker:HXBM]]) plans to use the money for general corporate purposes, and to continue expanding its consumer program. The company’s peptides can be … Continue reading “Helix Biomedix Raises $3.2M”
Xconomy Forum: The Future of Mobile Innovation in New England **SOLD OUT**
The world is going mobile, and New England is home to many leading creators of applications for iPhones, Android phones, Windows Mobile, and other mobile platforms, as well as important wireless services, infrastructure, and advertising companies. But there’s a lot of froth and hype in the market. With the economy in the tank and customers … Continue reading “Xconomy Forum: The Future of Mobile Innovation in New England **SOLD OUT**”
Leroy Hood’s Institute Gains Momentum, Nine Years After Starting with “Crazy” Idea
Leroy Hood says when he left the University of Washington in late 1999 to start an institute of multi-disciplinary team of scientists to study what he called “systems biology,” people snickered, saying “it was just a crazy way to raise money.” Almost a decade later, the work of the Seattle-based Institute for Systems Biology still … Continue reading “Leroy Hood’s Institute Gains Momentum, Nine Years After Starting with “Crazy” Idea”
Making Sense of Websense’s Acquisitions Strategy
When Websense (NASDAQ: [[ticker:WBSN]]) announced a couple of weeks ago it had acquired Defensio, a Canadian spam filtering Web service, I realized the San Diego software developer had morphed into something bigger and more robust than I remembered. “A lot has changed in the last three or four years,” David Meizlik, a Websense product marketing manager, … Continue reading “Making Sense of Websense’s Acquisitions Strategy”
Infinity Softworks Scores Funding
Beaverton, OR-based Infinity Softworks, a mobile software firm, announced today it has closed a round of financing. The investors and amount of funding were not disclosed. Infinity makes Web-based software for doing calculations and creating reports on the iPhone, BlackBerry, and other devices.
Partnering Workshop: Meeting R & D Challenges Through Strategic Alliances
Apelles Partners is a consortium of “like-minded” companies and consultants working in synergy to deliver specialized knowledge-based solutions. Their strategies are aimed at finding better ways to collectively nurture innovation, obtain a deeper understanding of the science, and improve productivity while still containing costs. The Apelles Partnering Workshop will present how this unique business model … Continue reading “Partnering Workshop: Meeting R & D Challenges Through Strategic Alliances”
HeartWare Takes $282M Buyout
HeartWare International (ASX:[[ticker:HIN]]), a small Framingham, MA-based developer of an implant used to keep the heart beating, has agreed to be sold to Pleasanton, CA-based medical devices firm Thoratec (NASDAQ:[[ticker:THOR]]) in a half stock, half cash deal valued at $282 million, according to Thoratec. The deal is expected to close in the second half of … Continue reading “HeartWare Takes $282M Buyout”
With DOE Contract, SAIC Can Seek $5B in Energy Conservation Work
SAIC’s acquisition of an Oklahoma engineering company in 2007 could yield a substantial new revenue source for the San Diego-based government contractor. The company also known as Science Applications International Corp. (NYSE: [[ticker:SAI]]) said earlier this week its Benham Companies subsidiary was recently awarded an Energy Savings Performance Contract by the U.S. Department of Energy. … Continue reading “With DOE Contract, SAIC Can Seek $5B in Energy Conservation Work”
MDRNA Cuts Deal With Roche
MDRNA, the Bothell, WA-based developer of RNA interference drugs, said today it has agreed to license part of its technology for a one-time, non-refundable execution fee from Swiss drug giant Roche. The deal is non-exclusive to Roche, although MDRNA said it will provide enough capital for the company to pursue other non-exclusive licensing and financing … Continue reading “MDRNA Cuts Deal With Roche”
Former Arthur D. Little CEO McNamara, Taking a Top Post at Cambridge Consultants, Says She’s Gone “Back to the Future”
Pamela McNamara says that her new post at Cambridge Consultants, a technology product design and development firm, is like going “back to the future.” That’s because she once oversaw the firm as CEO of then-fading consulting powerhouse Arthur D. Little, which owned Cambridge Consultants until 2002. Yet her new employer has evolved in the years … Continue reading “Former Arthur D. Little CEO McNamara, Taking a Top Post at Cambridge Consultants, Says She’s Gone “Back to the Future””
New Head of NWEN Looks to Revamp Entrepreneur Tools, Training, and Forums
“I haven’t stopped smiling for the past week,” says Rebecca Lovell. The new executive director of the Northwest Entrepreneur Network (NWEN) was telling me about her career transition to the Bellevue, WA-based nonprofit organization. Lovell has been at her new post since the beginning of February, succeeding outgoing NWEN head Peter Quinn. Previously, Lovell was … Continue reading “New Head of NWEN Looks to Revamp Entrepreneur Tools, Training, and Forums”
Public Radio for People Without Radios
I have a bunch of wireless devices at home, but none of them are radios. And if I’m at all typical, then the radio business has a big problem. For broadcasters, getting radio programming to people like me, who find most or all of their news, information, and entertainment on the Internet, is challenging enough. … Continue reading “Public Radio for People Without Radios”
Cell Therapeutics Teeters on the Brink as Cash Runs Out on Promising Cancer Drugs
Cell Therapeutics has gotten itself into some kind of jam. Just as the Seattle-based biotech company has gotten its hands on two cancer drugs proven to be effective in clinical trials, it may never be able to reap the rewards of bringing them to patients. The company has only enough cash to operate through the … Continue reading “Cell Therapeutics Teeters on the Brink as Cash Runs Out on Promising Cancer Drugs”
Backchannelmedia Opens Revenue Channel, GSK to Shell Out Up to $450M for Idenix Drug, GI Dynamics Packs On $15M, & More Boston-Area Deals News
Once again, New England’s tech and life sciences firms have managed to eek out a few notable deals despite the daunting climate. —Idenix Pharmaceuticals (NASDAQ: [[ticker:IDIX]]), a maker of infectious-disease treatments in Cambridge, MA, forged an alliance with GlaxoSmithKline potentially worth about $450 million. The deal, which will bring Idenix $34 million up front, as … Continue reading “Backchannelmedia Opens Revenue Channel, GSK to Shell Out Up to $450M for Idenix Drug, GI Dynamics Packs On $15M, & More Boston-Area Deals News”
Infinity Softworks Obtains New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7ff48800-7eee-4940-b6df-44d887a31e33&Preview=1 Date 2/13/2009 Company Name Infinity Softworks Mailing Address 1315 NW 185th Ave Beaverton, OR 97006 Company Description Infinity Softworks, Inc. is a world leader in financial, scientific and mathematic analysis software for the mobile professional and student. The commercial quality, powerful user interface and professional support of our products have made … Continue reading “Infinity Softworks Obtains New Funding”
Twitter Receives $35,000,000 Series D Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7564926f-7b0c-46ec-9dde-76afc322dd33&Preview=1 Date 2/13/2009 Company Name Twitter Mailing Address 795 Folsom St. San Francisco, CA 94107 Company Description Twitter provides an instant-broadcast, SMS type Internet service. Website http://www.twitter.com Transaction Type Venture Equity Transaction Amount $35,000,000 Transaction Round Series D Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Benchmark Capital Venture … Continue reading “Twitter Receives $35,000,000 Series D Funding”
Microsoft to Roll Out Retail Stores
Microsoft announced today it is going forward with plans to open retail stores. Leading the charge will be a new hire, vice president David Porter, who hails from DreamWorks Animation SKG and before that, Wal-Mart. The move is seen as an attempt to compete with Apple stores, in order to sell software and devices to … Continue reading “Microsoft to Roll Out Retail Stores”
Ligand Settles Rockefeller University Suit
Ligand Pharmaceuticals, the San Diego-based drug developer, said today it has agreed to settle a legal dispute with The Rockefeller University over rights to eltrombopag (Promacta), a drug for a rare bleeding disorder called ITP. Ligand (NASDAQ: [[ticker:LGND]]) will pay $5 million once the settlement is signed, another $2 million over the next two years, … Continue reading “Ligand Settles Rockefeller University Suit”
Syntricity Promotes Griffith to CEO
San Diego’s Syntricity today named Steven Griffith as CEO, replacing A.C. D’Augustine, who served as chief executive since last year. Griffith was the company’s chief operating officer and chief technology officer. D’Augustine plans to retain his seat as board chairman. Syntricity develops software used by semiconductor makes, test vendors and wafer foundries to improve yield … Continue reading “Syntricity Promotes Griffith to CEO”
Electronomics: Why We Need Smart Grid Technology and Infrastructure Today
Here are seven key questions and answers about the electricity economy and smart-grid technology. 1. What is “electronomics” and where does it fit in today’s energy world? One of the best ways to understand the new electric smart grid of the 21st century is by applying electronomics, which helps you analyze the rapidly emerging electricity … Continue reading “Electronomics: Why We Need Smart Grid Technology and Infrastructure Today”
The Best $1 Billion We Can Spend: Investing in Innovations for the Disabled, Disadvantaged, and Dismissed
The battle is over and the final economic recovery and stimulus bill preserves $15 billion for basic science and over $50 billion for upgrading America’s technology infrastructure. These expenditures will put people to work immediately, provide a foundation for steady economic growth, and set the stage for discoveries that address longstanding human problems. As a … Continue reading “The Best $1 Billion We Can Spend: Investing in Innovations for the Disabled, Disadvantaged, and Dismissed”
Cymer Sees Continuing Downturn
The outlook for the semiconductor industry remains grim, based on financial results reported yesterday by San Diego’s Cymer (NASDAQ: [[ticker:CYMI]]), which supplies 65 percent of the specialized laser equipment used worldwide to make integrated circuits. Cymer says it expects revenue to decline between 40 percent and 50 percent in its first-quarter from the fourth-quarter, which showed … Continue reading “Cymer Sees Continuing Downturn”
Smartsheet Teams Up With Amazon
Bellevue, WA-based Smartsheet, a project-management software firm, announced it has formed a partnership with Amazon to deliver outsourcing services to the masses. The new release, called Smartsourcing, is powered by the 100,000 virtual workers in Amazon Mechanical Turk. Each outsourced task, such as finding a list of articles, e-mail addresses, or experts on a topic, … Continue reading “Smartsheet Teams Up With Amazon”
Former San Diego Chipmaker Lays Off 16 Percent of Global Workforce
In Sunnyvale, CA, yesterday, Applied Micro Circuits Corporation (NASDAQ: [[ticker:AMCC]]) announced it was making pay cuts and laying off 100 employees in its worldwide workforce. The company, which was founded in San Diego and based here until 2005, now has between 470 to 500 employees around the world, spokesman Gilles Garcia told me. Some of … Continue reading “Former San Diego Chipmaker Lays Off 16 Percent of Global Workforce”