| ============================================ BAY AREA TECH WIRE -- May 24, 2012 ============================================ To Subscribe: www.bayareatechwire.com o Palo Alto-Based HP Outlines Plans to Cut 27,000 Jobs o Report: Congressional Committees Investigating Facebook IPO o Fremont-Based Corsair Postpones Initial Public Offering o Intel to Spend $40 Million on Network of Research Centers o Palo Alto-Based TrustedID Acquires Catalog Choice o Briefly Noted: TrialPay, SunPower - France _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Face-to-Face PR: How to Increase Your Organization's Visibility --Executive Briefing - Product Portfolio Briefing --Marketing Events Coordinator --Senior Manager, eCommerce – Redwood City, CA --Account Manager --Sr. Financial Analyst --Advertise on Bay Area Tech Wire and Reach More than 6,000 Subscribers Ad Descriptions Below Briefly Noted Section Post Job/Event/Marketplace ad: http://www.bayareatechwire.com _____________________________________________ o Palo Alto-Based HP Outlines Plans to Cut 27,000 Jobs Palo Alto, Calif. -- A week after leaks first surfaced about impending layoffs at HP, the Palo Alto-based technology giant late Wednesday made them official, outlining plans to downsize by about 27,000 employees, or 8% of its staff. The company said it will offer eligible employees early retirement packages, with the number of layoffs depending on how many accept the deals. The restructuring is expected to be completed by the end of fiscal 2014, with HP saving in the range of $3-$3.5 billion a year. "These initiatives build upon our recent organizational realignment, and will further streamline our operations, improve our processes, and remove complexity from our business," said Meg Whitman, HP's president and CEO. "While some of these actions are difficult because they involve the loss of jobs, they are necessary to improve execution and to fund the long term health of the company." http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-newsArticle&ID=1699268&highlight= _____________________________________________ o Report: Congressional Committees Investigating Facebook IPO Menlo Park, Calif. -- A pair of Congressional committees are looking into widespread allegations of impropriety involving Menlo Park-based Facebook's initial public offering (IPO) last week, The Huffington Post reported. Both the Senate Banking Committee and House Financial Services Committee told the publication they're gathering information, with an eye on potential hearings. Controversy has swarmed around the IPO following reports that underwriters shared key earnings information about Facebook with only a limited number of institutional investors. "Effective capital markets require transparency and accountability, not one set of rules for insiders and another for the rest of us," said Sen. Sherrod Brown (D-OH), chairman of the Senate Banking Subcommittee on Financial Institutions and Consumer Protection. "There's a lot that we don’t know about this IPO, but a lot that we do. We know that the SEC must fully investigate and take appropriate action if it discovers any violations." Facebook began trading on the Nasdaq last Friday. http://www.brown.senate.gov/newsroom/press/release/brown-statement-on-reports-relating-to-facebooks-ipo- http://www.huffingtonpost.com/2012/05/23/senate-facebook-ipo_n_1539842.html _____________________________________________ o Fremont-Based Corsair Postpones Initial Public Offering Fremont, Calif. -- Corsair Components, a Fremont-based supplier of high-performance hardware components for personal computers, said on Thursday it has postponed its planned initial public offering (IPO). The company, which is planning to raise as much as $96.6 million, cited adverse market conditions. "We have decided that we will re-launch when equity market conditions are more favorable," said Andy Paul, the company's co-founder, president and CEO. "While we do intend to expand our capital base through public capital markets, our existing capital structure and balance sheet provides sufficient capital to enable continued investment in our brand strength, products and people." http://www.corsair.com http://www.businesswire.com/news/home/20120524005759/en/Corsair-Announces-Postponement-Initial-Public-Offering _____________________________________________ o Intel to Spend $40 Million on Network of Research Centers Santa Clara, Calif. -- Intel, the Santa Clara-based chip-making giant, said on Thursday it will invest more than $40 million over the next five years in a worldwide network of university research communities. The company said the network, to be called the Intel Collaborative Research Institutes (ICRI), is an outgrowth of its U.S.-based Intel Science and Technology Centers. Each institute -- the U.K.-based ICRI for Sustainable Connected Cities, the Germany-based ICRI for Secure Computing and the Israel-based ICRI for Computational Intelligence -- will have a specialized focus. The three will collaborate with their own multi-university communities and other ICRIs, as well as the U.S.-based Intel Science and Technology Centers. "Forming a multidisciplinary community of Intel, faculty and graduate student researchers from around the world will lead to fundamental breakthroughs in some of the most difficult and vexing areas of computing technology," said Justin Rattner, Intel's CTO. http://newsroom.intel.com/community/intel_newsroom/blog/2012/05/24/intel-invests-more-than-40-million-in-worldwide-network-of-university-research-centers-to-drive-innovation _____________________________________________ o Palo Alto-Based TrustedID Acquires Catalog Choice Palo Alto, Calif. -- TrustedID, a Palo Alto-based provider of credit and identity protection services, said on Thursday it has acquired Catalog Choice, the nation's largest mail preference service. Financial terms of the deal were not disclosed. Catalog Choice's services are used by more than 1.5 million consumers to help stop unwanted mail. TrustedID said the acquisition will bolster its suite of identity protection products. In addition, the company partners with some 100 cities -- including San Jose -- to create customized mail preference programs designed to help citizens reduce unwanted junk mail. http://www.catalogchoice.org http://www.trustedid.com http://www.marketwatch.com/story/trustedid-acquires-catalog-choice-to-expand-consumer-protection-with-mail-preference-service-2012-05-24 _____________________________________________ o Briefly Noted: (Mountain View, Calif.) Mountain View-based TrialPay, a developer of transactional advertising services used by online merchants, said on Thursday it has opened a new office in Germany. The company also has named Jim Gerber as its senior vice president of sales and partnerships, Chris Davis as its vice president of brand sales and Rob Schneider as its managing director of Europe. http://www.trialpay.com/about/press-releases/release/?article=58 (San Jose, Calif.) San Jose-based SunPower, a manufacturer of high-efficiency solar cells, and affiliate Total said on Thursday they have commissioned a new photovoltaic solar panel manufacturing and assembly plant in France. The 3,300-square-meter plant will roll out approximately 150,000 solar panels annually, targeting the European residential and commercial rooftop markets. http://us.sunpowercorp.com/about/newsroom/press-releases/ =================================================== Job/Event/Marketplace Listings: =================================================== To Post in Job/Event/Marketplace: http://www.bayareatechwire.com 6000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300 > Face-to-Face PR: How to Increase Your Organization's Visibility Between regular meetings, phone calls and emails, you may often wonder how you can fit another task into your workday. However, you also often wonder if you are doing everything you can to maximize your organization’s potential and opportunity for growth. In this article, Robert Deigh shows that it may be easier than you think to increase your company’s exposure. By making “face-to-face networking” a habit, and doing so effectively and efficiently, you will have the opportunity to harness new ideas, build solid contacts and prospects, and ultimately grow your organization’s visibility and business. http://www.fairfaxcountyeda.org/bay-area-tech-wire ____________________________________________ > Executive Briefing -- Product Portfolio Management It's a fact! As your product portfolio grows, the market impact of your organization can quickly become diluted because traditional product management practices focus on improving the performance of each product. Executives and Senior Managers are invited to attend an Executive Briefing to learn how a Product Portfolio Management model improves your market value by uncovering and solving bigger problems beyond the limits of individual products. Business practices for evaluating markets, analyzing competitors, formulating strategies, developing requirements and executing product plans take aim at a completely different target - the performance of your company in key markets - and offers greater strategic value to your organization. Attend in 13 cities in April, May and June. $199 per person. http://www.proficientz.com/portfolio-mgmt-executive-briefing.html ____________________________________________ > Marketing Events Coordinator Coblentz, Patch, Duffy & Bass LLP, a mid-size law firm is currently seeking a Marketing Events Coordinator with 3+ years of marketing events experience in a corporate environment to provide administrative support to the Marketing Department. This position reports directly to the Marketing Manager to plan, coordinate and manage all aspects of client seminars and receptions, sponsorship events, Firm events and retreats, and other special events. Candidate must have a Bachelor's degree and the ability to communicate clearly and effectively in one-on-one and small group settings with business partners and outside vendors. Additionally, candidate must be a self-starter, detail oriented, have the ability to organize and prioritize a number of tasks and complete them under time constraints. Strong computer, backend web development, HTML and graphics skills are required. Experience with Adobe Photoshop, Illustrator, and InDesign is preferred. Salary: DOE. Please include your salary requirement. Submit your resume and cover letter to the following link (or copy and paste the link to your web browser) https://home.eease.com/recruit/?id=1185751 ____________________________________________ > Senior Manager, eCommerce -- Redwood City, CA The Sr. Manager of eCommerce will provide leadership on key eCommerce initiatives within Shutterfly.com to continuously improve our customer shopping experience. Reporting to the Sr Director of eCommerce, this seasoned eCommerce professional will use site analytics to drive informed business recommendations, develop site tests aimed at optimizing business goals and serve as the business lead for selected eCommerce projects. This role is focused on driving a compelling and frictionless eCommerce experience for our customers. It is perfect for someone who is interested in using his/her business acumen, eCommerce expertise, and analytic skills to drive exceptional short- and long-term business results. Apply online at: http://www.shutterfly.com/about/positions.jsp?jvi=oW3aWfwP ____________________________________________ > Account Manager Come join PaperG, just named one of the Forbes' 100 Most Promising Companies in America, as we reinvent modern advertising. A PaperG Account Manager works as a key member of the Accounts team, where they will support PaperG's media company partners and help them thrive using PaperG's technology. Qualifications: College degree. A friendly and engaging personality - a must!. Excellent computer and Internet knowledge. High energy level. Resourceful, well organized, highly dependable, efficient and detail oriented. Knowledge of online advertising industry a strong plus. Send your resume to careers@paperg.com In your email or cover letter, let us know why PaperG interests you. ____________________________________________ > Sr. Financial Analyst Veracyte is a molecular diagnostics company that is pioneering the emerging field of molecular cytology. Our Finance team seeks an individual who will report to the CFO, with the ability to develop and maintain long-range financial models for the company's strategic plan, produce product revenue projections and forecasts and prepare financial analyses. They will also be able to analyze trends, manage components of the operating plan process, participate in the valuation of potential business development opportunities, and collaborate with R&D, Commercial and Operations functions. The ability to thrive in a fast-paced, challenging and highly diverse team environment is critical. To be a successful candidate you will have at least 4 years of finance/accounting experience, with a proven track record of incorporating applications of accounting principles, financial reporting, and cash management, and be an expert in Excel. It's important that you have experience in life sciences and knowledge/experience with Microsoft GP is a plus, as is an MBA. We would like you to share our commitment to teamwork and collaboration and be excited by the challenges of applying your expertise to an important, emerging area in diagnostics. To apply, please send your resume to jobs@veracyte.com For additional information, see our website www.veracyte.com ____________________________________________ Bay Area Tech Wire has over 6,000 subscribers who rely on it for their daily briefing of local technology news. Bay Area Tech Wire has various advertising offerings ideal for jobs listings, events, service offerings, and office space for rent. For more info, go to: http://www.bayareatechwire.com =================================================== Subscribe to other newsletters from Tech Wire Media Group: Potomac Tech Wire: http://www.potomactechwire.com Bay Area Tech Wire: http://www.bayareatechwire.com New England Tech Wire: http://www.newenglandtechwire.com Digital Media Wire: http://www.digitalmediawire.com Advertising: If you are interested in advertising in our newsletters, call Parul Nath at 1-301-656-0057 xt 1102 or send email to parul@techwiremedia.com News tips, press releases. Send email to: editorial@bayareatechwire.com Tech Wire Mailing Address: 325 Pennsylvania Ave. SE Suite 250 Washington, DC 20003 Copyright: CapWire Inc. 2012 |
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