High-wireless acts: Row 44, Sonos capitalize on move toward WiFi
The world is going wireless, and two tri-county firms have raised $62 million as proof. Westlake Village-based Row 44 and Santa Barbara-based Sonos are building businesses around consumers’ burgeoning demand to stay connected to their digital lives wherever they are. Row 44 operates an in-flight wireless Internet service and is installing it on Southwest Airlines’ Read More →
Carpinteria
Carpinteria is home to some of the largest private and public companies on the South Coast, including Clipper Windpower, CKE Restaurants and Lynda.com. But the small seaside city has seen its commercial real estate market stagnate over the past year, jumping up to a 14.6 percent industrial vacancy rate. Online software training firm Lynda.com started Read More →
Goleta hospital gets $5M
Philanthropist Leslie Ridley-Tree has pledged $5 million to support the Center for Wound Management at Goleta Valley Cottage Hospital, the hospital announced Sept. 8. In acknowledgement of the gift, the center will be named in Ridley-Tree’s honor. The new Ridley-Tree Center for Wound Management will be significantly larger than the current space, and it will Read More →
Editorial: An able stand-in
Lieutenant governor is supposed to be a largely ceremonial position, with a lot of glad-handing and good will at the top of the agenda. But with Gov. Arnold Schwarzenegger on a trip to Asia, Lt. Gov. Abel Maldonado got a chance to do something folks in his position rarely get to do — act like Read More →
Economist predicts sustained recovery
The U.S. may have entered a new age of austerity, but fears of a double-dip recession are unwarranted, according to a Sept. 16 presentation by Mark Schniepp, director of the Goleta-based California Economic Forecast. “It’s not unusual for the economy to pause at this point,” Schniepp said, adding that the U.S. has been in recovery Read More →
Occam agrees to $171M acquisition
Goleta-based Occam Networks, a supplier of broadband backbone equipment to rural telecommunications companies, has agreed to be bought by a Northern California company in a $171 million cash and stock deal. The acquisition by Petaluma-based Calix values Occam’s stock at about $7.75 a share, according to an announcement issued by Occam on Sept. 16. Shares Read More →
Limoneira quadruples last year's Q3 earnings
Limoneira Co.’s third-quarter earnings soared on higher sales of its agricultural products, including a 208 percent jump in its avocado revenues. The Santa Paula-based lemon and avocado grower saw its third-quarter earnings grow by 300 percent over the same quarter last year, to $4.8 million or 43 cents per share, the firm reported Sept. 13. Read More →
