Gene technology raises ethical questions
By Frank Kalman A relatively obscure talk about genes was given at UC Santa Barbara recently by Dr. Siddhartha Mukherjee, a researcher and clinical oncologist at Columbia University and author of a Pulitzer Prize winning book, the “Emperor of all Maladies: A Biography of Cancer.” It was, however, on par in terms of gravity with Read More →
Revenue up but net income down at Salem Media Group
Story updated at 10:40 a.m. March 10: Salem Media Group, a Christian and conservative media company based in Camarillo, announced a decline in fourth quarter and full year net income, despite revenue increases. Revenues for the quarter ended Dec. 31 came to $70.7 million, up from $69.1 million for the fourth quarter of 2015. Full Read More →
Solutions to San Luis Obispo affordable housing crisis elusive
More than 300 of San Luis Obispo County’s most influential minds in the area of housing, development and the economy convened March 9 for a five-hour summit to discuss the future of affordability in the region. The event was kicked off by Ermin Karim, president and CEO of the San Luis Obispo Chamber of Commerce. Read More →
Santa Barbara’s QAD reports $15.5 million net loss
Santa Barbara manufacturing software company QAD reported a $15.5 million net loss, or 84 cents per diluted Class A share for the fiscal year ended Jan. 31, as a result of a valuation allowance related to deferred tax assets. The valuation allowance was connected to the company’s investments in cloud technology, the March 9 earnings Read More →
Semtech reports skyrocketing net income
Camarillo semiconductor company Semtech announced $8 million in net income for the fourth quarter of its fiscal year 2017, up from $1.25 million for the same quarter last year. Full fiscal year 2017 net income came to $54.66 million, more than three times its net income for 2016. Earnings per share during the quarter rose Read More →
Amgen declares $1.15 per share dividend
The board of directors for Thousand Oaks biotechnology company Amgen declared a $1.15 per share dividend March 3 for the second quarter of 2017. The dividend will be paid on June 8 to all stockholders of record as of the close of business on May 17. The company has a market cap of $130.1 billion Read More →
AeroVironment reports drop in revenues
AeroVironment, a Monrovia-based aircraft systems company with operations in Simi Valley, announced a drop in revenues for its third quarter fiscal 2017, ending in a $2.2 million net loss. Revenues for the quarter fell from $67.6 million the prior year to $53.2 million, mainly from its unmanned aircraft division. Gross margin also decreased 27 percent Read More →
