Inphi taps new CEO after profits fall 93%
Inphi Corp., the Santa Clara-based chip firm with a large engineering force in Thousand Oaks, ousted its CEO on Feb. 1 as it announced that profits plummeted by 93 percent in 2011. Inphi designs chips aimed at packing more memory into Internet servers and increasing bandwidth in the Internet backbone. The company announced that Ford Read More →
InTouch scores $6M investment
Goleta-based InTouch Health, a telemedicine robot maker, has received an investment of $6 million from iRobot. InTouch’s telemedicine robots allow doctors to examine patients and prescribe drugs remotely. The company, which has signaled that it intends to go public, received its last round of funding in a $10 million private placement in 2010. In July, Read More →
New owners field offers for Bacara
Six months after Ohana Real Estate Investors bought Bacara Resort & Spa for an estimated $104 million, industry sources say the luxury hotel is back on the market. According to several Santa Barbara hotel operators, a major international hotel chain recently approached Ohana with an unsolicited inquiry to purchase the 360-room Goleta resort. The offer Read More →
PCBC reports $70.5M in 2011 profits
[wikichart align=”center” ticker=”PCBC” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] Pacific Capital Bancorp, the largest bank based in the region, earned $70.5 million in 2011, its first full calendar year under the ownership of a Texas-based private equity group. The parent company of Santa Barbara Bank & Trust saw its fourth-quarter profits drop 39.8 percent to Read More →
VC taxpayers tackle public pensions
Ventura County CEO Mike Powers told a taxpayer group that Ventura’s pension system reforms have spurred similar actions around the state. But he faced tough questions from the group about retired public safety officers with six-figure pensions and the 22 officials who are bringing in more than $200,000 a year in retirement. Powers spoke at Read More →
SLO law firm to change name
San Luis Obispo County’s second-largest law firm is changing names as one of its partners departs. On Feb. 1, Sinsheimer Juhnke Lebens & McIvor will become Sinsheimer Juhnke McIvor & Stroh. Before the change, the firm ranked ninth-largest in the Tri-Counties with 12 attorneys and the second-largest in San Luis Obispo County. Its website now Read More →
