Vitesse widens loss
Latest newsVitesse Semiconductor Corp., a Camarillo-based company that makes chips for carrier and enterprise networks, reported a second-quarter net loss of $6.2 million, or 25 cents per share on May 8. The generally accepted accounting principles, or GAAP, numbers were lower than the 7 cent per share loss predicted by analysts. On a non-GAAP basis, the Read More →
CalAmp signs $25M contract
Banking & Finance, Latest news, Technology, Tri-County Public CompaniesOxnard-based wireless products maker CalAmp Corp. has signed a $25 million contract with Navman Wireless for fleet-tracking products. CalAmp said May 7 that under the five-year deal, it has purchased several products and technologies from Navman and set up a research and development center in New Zealand that is staffed by 14 employees brought over Read More →
Ojai Community Bank reports record Q1 earnings
Latest newsTwo months after Ojai Community Bank bucked a federal regulatory order, the bank reported first-quarter profits of $250,000, almost three times more than its earnings a year ago. Ojai Community, which also owns Santa Paula Community Bank, said the quarter’s earnings are a record. Total deposits have climbed 2 percent since the beginning of the Read More →
LTC earnings jump 122%
Banking & Finance, Earnings, Latest news, Real Estate, Tri-County Public Companies[wikichart align=”right” ticker=”NYSE:LTC” showannotations=”true” livequote=”true” startdate=”08-11-2011″ enddate=”08-05-2012″ width=”300″ height=”245″] Real estate investment trust LTC Properties reported $12 million in first-quarter profits, a 122 percent increase over the $5.4 million it earned a year ago. Per diluted share, the Westlake Village-based company earned 40 cents in the most recent quarter, compared to 20 cents in the Read More →
Bloomberg: Amgen targeted in lawmakers’ probe
Latest news, TechnologyThousand Oaks-based Amgen is among a handful of drugmakers being probed for more information about a deal it reached with the Obama administration to support the health care overhaul Democrats passed in 2010, according to Bloomberg News. The news agency reported on May 4 that a group of Republicans on the House Energy and Commerce Read More →
Power-One predicts European solar revival in Q2
Banking & Finance, Earnings, Technology, Tri-County Public CompaniesSigns of a resurgence in its European market prompted Power-One to project better-than-expected second-quarter profits on May 3 even as it said that first-quarter income dropped 84.1 percent to $4.9 million, or 3 cents per diluted share. Net sales were up 8.3 percent to $225.8 million. The company’s renewable energy division contributed $149 million to Read More →
ValueClick shares drop 22% on Q2 outlook
Banking & Finance, Earnings, Latest news, Technology, Tri-County Public CompaniesShares of online advertising firm ValueClick plunged 22.2 percent after the Westlake Village-based firm projected lower-than-expected second-quarter revenues of between $155 million and $160 million. One analyst told Bloomberg News that the company is reducing traffic in its owned-and-operated website segment. ValueClick reported first-quarter profits of $21.6 million – 27.8 percent above the same quarter Read More →
