Marvell to buy Inphi in $8B semiconductor deal
Marvell Technology Group, a major semiconductor company, announced Oct. 29 it will acquire Inphi, a competitor based in Santa Clara with significant operations in Thousand Oaks, in a cash and stock deal worth about $8 billion. Under the agreement, Marvell will pay Inphi shareholders $66 for each share of Inphi stock, along with 2.323 shares Read More →
Read More →CSUCI president to leave for CSUN
Erika Beck, president of CSU Channel Islands, has been appointed to a new role as the president of CSU Northridge.
Read More →Amgen beats expectations in Q3 earnings report
Amgen, one of the biggest biopharmaceutical companies in the world, continued to see growth in the third quarter of 2020, despite the COVID-19 pandemic. The Thousand Oaks-based company saw total revenue of $6.4 billion for the quarter, up 12 percent from the third quarter of 2019. Earnings per share increased 5 percent to $3.43. Both Read More →
Read More →GeoLinks secures private equity investment
Geolinks, a fast-growing internet service provider based in Camarillo, secured what it called “a significant minority investment” from a group led by Rock Mountain Capital, GeoLinks announced Oct. 27. The private equity investment will help GeoLinks with its plans for expanding its network, making strategic acquisitions and streamlining its internal growth and operations. “GeoLinks launched Read More →
Read More →Our view: Region’s nonprofit leaders doing all they can this year
In a difficult year for philanthropy, it’s important to recognize those who have helped steer this important economic sector through a time of great challenges. Which is why we’re going to take time to note some of the people and organizations that will be recognized Nov. 19 at the annual Association of Fundraising Professionals National Read More →
Read More →Port of Hueneme coming back strong from pandemic
Business at the Port of Hueneme bounced back from the COVID-19 pandemic much quicker than management expected, allowing the port to keep its focus on the environment, port officials said at their 2020 “State of the Port” address on Oct. 15. When the shutdown started in March, all 10 of the automobiles manufacturers that use Read More →
Read More →Driven by pandemic loans, American Riviera Bank reports record earnings
American Riviera Bank saw its net income rise sharply this year, with a 46 percent increase in net income in third quarter earnings year-over-year. The Santa Barbara-based bank reported $2.26 million in net income the quarter, or 45 cents per share. For the same quarter in 2019, the bank had $1.55 million in net income, Read More →
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