Oracle sues Procore over payments trade secrets
Software giant Oracle is suing Procore Technologies, alleging that the Carpinteria-based software firm used thousands of stolen trade secrets to enrich its business. Procore, a leading construction industry software company and Oracle rival, denied the allegations in an Oct. 31 statement. “We believe the claims are meritless and we intend to vigorously defend ourselves,” Procore Read More →
MannKind keeps hitting higher revenues
Westlake Village-based MannKind saw rising revenue and gave a positive update to its orphan lung pipeline when it announced its earnings for the third quarter of 2024. MannKind, a biotechnology company that develops treatments for diabetes and pulmonary arterial hypertension, announced that revenue for the quarter ended Sept. 30 hit $70.1 million, up from $51.2 Read More →
Olaplex’s struggles continue as earnings miss estimates
Montecito-based Olaplex missed analyst expectations in both revenue and net income when it announced its earnings for the third quarter of 2024. Announced Nov. 7, Olaplex noted that sales decreased 3.6% to $119.1 million in the third quarter of 2024.As a result, net income decreased 27.3% to $14.7 million and adjusted net income decreased 13.8% Read More →
Procore cuts down on losses, keeps growing sales
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Dubroff: Central Coast stocks get a post-election Trump bump
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Teledyne makes largest purchase since FLIR deal
It has been a busy week for Thousand Oaks-based Teledyne Technologies. Just a few days after the technology and defense conglomerate announced it had made an acquisition, Teledyne announced it made an even bigger purchase the morning of Nov. 6. In an effort to bolster its aerospace and defense electronics business, Teledyne announced it has acquired select businesses in Read More →
Teledyne makes $57.3M purchase
Thousand Oaks-based Teledyne Technologies has acquired Mircopac Industries, a manufacturer of microelectronic circuits and sensors for military, aerospace and medical applications. Teledyne purchased the Texas-based company for $20 per share in an all-cash transaction valued at approximately $57.3 million taking into account Micropac’s net debt as of Aug. 24, the company announced Nov. 4. “We Read More →
