Power-One docks outlook on Eurozone austerity
Power products company Power-One slashed its third-quarter outlook Oct. 11, causing stocks to sink 3.8 percent in after-hours trading. The Camarillo-based firm cut its outlook for third-quarter sales to the $240 million to $245 million range, down from its previous outlook of $265 million to $280 million. It said power conversion revenue was down about Read More →
Vitesse slashes work force, faces lawsuit
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Vitesse slashes workforce, dims sales outlook
Vitesse Semiconductor, the Ventura County chipmaker rocked by a stock-options scandal in 2006, has laid off 10 percent of its workforce and shuttered one of its Camarillo facilities. Vitesse disclosed the pink slips in a regulatory filing Oct. 3. The company said it ended its lease on facilities at 4721 Calle Carga and terminated 10 Read More →
MD2 Communities plans 177 new homes in San Luis Obispo
San Luis Obispo has its first new housing development in years with the proposed 177-home Serra Meadows community in the Margarita Plan area off Prado Road.
PBS Biotech acquires manufacturing firm
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Grooving a niche in the market: Record Technology builds a business on vinyl
Record Technology Inc. in Camarillo is one of only a dozen vinyl record pressing plants left in the United States.
