Friday, July 31, 2009Yammer Bails On Los Angeles, Heading To Silicon ValleyWest Hollywood-based Yammer, the corporate microblogging site inspired by Twitter, is moving from the Los Angeles area to Silicon Valley, according to founder David Sacks. According to Sacks, the entire firm--including its engineering team and executive staff--is moving to the Bay Area, to be closer to the startup scene in Silicon Valley. Sacks said that Geni, which spun out Yammer, remains in West Hollywood. Sacks revealed the move at the Twiistup conference Friday, explained the move by saying (More info...)
posted on Friday, July 31, 2009(Full story)
Qualcomm Extends QPrize DeadlineSan Diego-based Qualcomm reports today that it is extending the deadline for the firm's wireless business plan competition, its Qualcomm Ventures QPrize Business Plan Competition, to August 21st. The firm said it is extending the deadline for the prize to allow additional entrepreneurs to enter the prize, which will provide $550,000 in seed funding to entrepreneurs developing wireless technology in North America, Europe, China, and India. The deadline for the business plan competition was origi (More info...)
posted on Friday, July 31, 2009(Full story)
Stamps.com Results Flat, PhotoStamps DownLos Angeles-based Stamps.com reported its results Thursday, saying that the firm had net income of $1.0M on revenues of nearly $20.2M in Q2, essentially flat year to year compared with $1.3M in income on $21.4M in revenues for the similar quarter last year. The company saw a steep drop in its revenues from its personalized photo product, PhotoStamps, which was down 31% to $2.0M in sales. No reason for the drop in PhotoStamps sales was given by the firm. PC postage sales totaled $18.2M, down slig (More info...)
posted on Friday, July 31, 2009(Full story)
Entropic Links With Sigma DesignsSan Diego-based Entropic Communications, a developer of multimedia-over-coax semiconductors, reported yetserday that it has linked up with systems-on-a-chip provider Sigma Designs. The two said they will develop high definition, MoCA compliant cable TV and IPTV set-top box reference designs. Both firms' develop components that are used in those set top boxes. Both firms market their products to manufacturers, and the reference designs will make it easier for OEMs to create their own product usin (More info...)
posted on Friday, July 31, 2009(Full story)