December 4, 2022
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Conejo Valley braces for Amgen layoffs

By   /  Friday, February 12th, 2021  /  Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, left, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Conejo Valley braces for Amgen layoffs

Biotech giant Amgen is in the process of laying off hundreds of workers, including as many as 100 at its Thousand Oaks headquarters. According to a spokesperson for the company, approximately 500 workers will be let go beginning April 2, with fewer than 20% of those workers located in Thousand Oaks. Amgen employs around 22,000 Read More →

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Sonos shares rise on earnings beat

By   /  Wednesday, February 10th, 2021  /  Banking & Finance, Earnings, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Sonos shares rise on earnings beat

Sonos saw a big bump in its stock after the markets closed Feb. 10 after the Santa Barbara-based home audio company released a strong earnings report for the first quarter of its fiscal year 2021.  Sonos saw an 87% increase in net income and a 15% increase in revenue for the quarter that ended Jan. Read More →

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Automatic for the people: UCSB researcher looks at how robots can work for us

By   /  Friday, February 5th, 2021  /  Higher Education, Latest news, right, Subscriber content, Technology, Top Stories  /  Comments Off on Automatic for the people: UCSB researcher looks at how robots can work for us

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Facebook to give UCSB $1.5M to study data centers

By   /  Thursday, February 4th, 2021  /  Energy, Green Coast, Higher Education, Latest news, South Coast, Technology, Tri-County Economy  /  Comments Off on Facebook to give UCSB $1.5M to study data centers

Facebook will give $1.5 million to UC Santa Barbara’s Institute for Energy Efficiency to fund research into energy-efficient data centers and artificial intelligence, UCSB announced Feb. 4. The institute will use the three-year grant to “investigate advanced energy-efficient data center infrastructure, including low-power optical interconnects for computer networks and machine learning with reduced carbon footprint,” Read More →

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UCSB’s Nakamura adds Queen Elizabeth Prize to his Nobel

By   /  Wednesday, February 3rd, 2021  /  Energy, Higher Education, Latest news, right, Technology, Top Stories  /  Comments Off on UCSB’s Nakamura adds Queen Elizabeth Prize to his Nobel

Shuji Nakamura, a professor of materials and electrical and computer engineering at UC Santa Barbara, is one of the recipients of the 2021 Queen Elizabeth Prize for Engineering, or QEPrize. The five recipients are all pioneers in the field of light-emitting diodes, or LED lighting. Nakamura began developing LED technology while a researcher in Japan Read More →

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Amgen reports rising revenue, warns of flat 2021

By   /  Tuesday, February 2nd, 2021  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen reports rising revenue, warns of flat 2021

Amgen, one of the world’s largest biotech companies, saw rising revenue in the fourth quarter of 2020, but the COVID-19 pandemic could dampen the outlook for the company and its investors in 2021, according to earnings released Feb. 2. The Thousand Oaks-based biotech firm had $6.6 billion in revenue in the fourth quarter, a 7% Read More →

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Inphi reports record revenue, declining losses in 2020

By   /  Tuesday, February 2nd, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inphi reports record revenue, declining losses in 2020

Inphi, a Santa Clara semiconductor company with sizable operations in Thousand Oaks, reported record revenue for the fourth quarter of 2020 and a smaller net loss than the same quarter a year earlier. Inphi, which reported its earnings on Feb. 2, is in the midst of being acquired by Marvell Technology Group, a larger competitor Read More →