Dubroff: Trump’s immigration ban could derail innovation in America
Innovation happens in the most surprising ways. And history shows that some of America’s greatest innovators are immigrants. Recently, many of these immigrant-entrepreneurs are refugees like Intel’s Andy Grove, whose family left Hungary after the USSR cracked down. Or the kids of refugees — think Steve Jobs, whose dad was from Syria. Most of them Read More →
Atara Biotherapeutics moving research division to Thousand Oaks
Atara Biotherapeutics will move its research and development division from Westlake Village to Thousand Oaks, the company said in a news release. The company plans to occupy 91,000 square feet at the yet-to-be-constructed Conejo Spectrum Business Park off of Lawrence Drive and Conejo Spectrum Street. The Sares-Regis Group bought 29 acres of land at the Read More →
Resonant shipping more than 1 million pre-production parts
Goleta-based radio frequency filter designer Resonant announced Feb. 8 the first shipments of more than 1 million pre-production parts to four manufacturers by a licensee customer, under an agreement established in May of 2016. The agreement covered three high-volume frequency bands called Surface Acoustic Wave duplexers. “Shipping these pre-production parts represents one of the last Read More →
MindBody revenues grow, net loss narrows
Revenues for San Luis Obispo cloud-based business management software company MindBody grew 35 percent in the fourth quarter of 2016, narrowing its net loss for the year to $23 million, or 58 cents per share. Net losses for the quarter were $1.6 million, or 4 cents per share, down from $6.5 million for the same Read More →
Bacara Resort & Spa in Goleta put up for sale
The Pacific Hospitality Group listed the Bacara Resort & Spa in Goleta for sale for an undisclosed amount, PHG Chief Investment Officer Kory Kramer said. The Irvine-based company has invested more than $25 million in upgrades and renovations since it purchased the resort in 2013 for an estimated $150 million to $180 million. Improvements included Read More →
Inphi reports strong fourth quarter revenue growth
Semiconductor producer Inphi, which has operations in Westlake Village, reported fourth quarter net income of $19.1 million, or 42 cents per diluted share, bringing the company to $26.5 million in net income for its fiscal year 2016. Revenues from continuing operations rose 53 percent, from $52.9 million in the fourth quarter of 2015 to $80.9 Read More →