| ============================================ BAY AREA TECH WIRE -- April 26, 2012 ============================================ To Subscribe: www.bayareatechwire.com o Logitech Aims to Streamline Management Through Restructuring o Mountain View-Based Shape Security Raises $6 Million in First Round o Cupertino-Based Seagate Technology to Repurchase $2.5 Billion in Stock o Mountain View-Based DITTO Lands $3 Million in Funding o Confidence of Silicon Valley Venture Capitalists Rises Sharply o Briefly Noted: Riverbed Technology, Intuit, Neonode _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Tales from the Unemployed: The Four Most Common Costly Mistakes to Avoid --Percona Live MySQL Conference & Expo --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 Logitech Aims to Streamline Management Through Restructuring Newark, Calif. -- Logitech International, the Swiss maker of personal peripherals with U.S. headquarters in Newark, has announced an organizational restructuring which it said should save the company $80 million in annual operating costs. The moves included the elimination of a layer of business and sales executive management, as well as the consolidation of brand management and product portfolio management under the leadership of Logitech's business groups. "To get back to sustained, profitable growth, we need to be simpler, faster and more consumer-centric," said Bracken Darrell, the company's president. "I expect most of this restructuring to be completed by the end of the current quarter, freeing up resources to pursue our growth opportunities." Logitech reported sales for the fourth quarter of $532 million, down 3% from the prior year. http://www.logitech.com/ http://www.logitech.com/en-us/172/9921 _____________________________________________ o Mountain View-Based Shape Security Raises $6 Million in First Round Mountain View, Calif. -- Shape Security, a Mountain View-based start-up developing new web security technology, said on Thursday it has raised $6 million in its first round of funding. Kleiner Perkins Caufield & Byers (KPCB) and Google chairman Eric Schmidt's TomorrowVentures co-led the round, which also included participation by Accel partner Peter Wagner, Baseline Ventures and executives from LinkedIn, Twitter and Facebook. Ted Schlein, general partner at KPCB, has joined the company's board of directors along with Gaurav Garg, a special limited partner at Sequoia Capital and personal investor in the round. "Shape's technology will shift the burden of attack from defenders to attackers," said CEO Derek Smith. "In doing so, Shape is aiming at the economics of web hacking and forcing attackers to spend more and more to achieve less and less." http://shapesecurity.com http://www.marketwatch.com/story/shape-security-closes-6-million-series-a-funding-round-led-by-kleiner-perkins-caufield-byers-and-eric-schmidts-tomorrowventures-2012-04-26 _____________________________________________ o Cupertino-Based Seagate Technology to Repurchase $2.5 Billion in Stock Cupertino, Calif. -- Seagate Technology, a Cupertino-based maker of hard disk drives and storage systems, said on Thursday it plans to repurchase up to $2.5 billion in company shares. Along with other current authorizations, the company now can buy back as much as $3.5 billion in stock. "The repurchase authorization reflects the confidence that the board and the executive management team have in Seagate’s ability to generate cash, while still investing in innovation and growth opportunities," said CEO Steve Luczo. Seagate on Thursday also named Jay Geldmacher, an executive vice president of Emerson Electric; William Coleman, founder of BEA Systems, and Seh-Woong Jeong, executive vice president of sales and marketing for the Systems LSI Division of Samsung Electronics, to its board of directors. http://www.seagate.com http://www.seagate.com/about/newsroom/press-releases/seagate-technology-announces-2.5-billion-share-repurchase-master-pr http://www.seagate.com/about/newsroom/press-releases/new-bod-members-4-26-2012-master-pr/ _____________________________________________ o Mountain View-Based DITTO Lands $3 Million in Funding Mountain View, Calif. -- DITTO, the Mountain View-based developer of an e-commerce site for designer eyewear that uses 3D virtual fitting technology, said on Thursday it has landed $3 million in a new round of funding, led by August Capital. Angel investors, friends and family also participated in the round. DITTO's site allows consumers to record a short video with their webcam to create a 3D virtual self. Users can then virtually try-on eyewear in 180-degree views to see how a particular style looks and fits their face before they make a purchase. The site also integrates social media features, allowing the user to post side-by-side snapshots in different glasses to Facebook to poll friends for opinions. DITTO plans to use the new funds to further develop its technology, add to its team and market to customers. http://ditto.com http://www.marketwatch.com/story/ditto-secures-3m-round-for-designer-eyewear-ecommerce-site-2012-04-26 _____________________________________________ o Confidence of Silicon Valley Venture Capitalists Rises Sharply San Francisco -- The confidence of Silicon Valley venture capitalists rose sharply during the first quarter, according to new report by Mark Cannice, professor of entrepreneurship and innovation at the University of San Francisco School of Management. Based on a survey of 34 Bay Area venture capitalists, the new Silicon Valley Venture Capitalist Confidence Index came in at 3.79 on a scale of five (with five indicating high confidence and one indicating low confidence). The index rose from 3.27 a quarter ago. "Venture capitalists… pointed to a more welcoming public financial market that is providing more liquidity opportunities for their portfolio firms, along with technology convergence in mobility, cloud and social platforms, which is fostering the development of a wide range of entrepreneurial endeavors," wrote Cannice. The full report is available at the link below. http://www.usfca.edu/uploadedFiles/Destinations/management/Docs/Cannice _SV_VC_Index_2012_Q1.pdf (PDF) _____________________________________________ o Briefly Noted: (San Francisco) San Francisco-based Riverbed Technology, a developer of hardware, software and virtualized tools designed to improved IT performance, has named David Greene as its CMO, a newly created position. Greene most recently served as the vice president of worldwide marketing for BMC Software's IT management software businesses, and previously held a number of executive marketing positions at Active Reasoning, Exodus Communications, HiFive.net and HP. http://www.riverbed.com/us/company/news/press_releases/2012/press_042412.php (Mountain View, Calif.) Mountain View-based Intuit, the maker of business and financial management software, on Thursday named Jeff Weiner, the CEO of LinkedIn, to its board of directors. The company's board now has nine members. Weiner also serves on the boards of DonorsChoose.org and Malaria No More. http://about.intuit.com/about_intuit/press_room/press_release/articles/2012/Intuit NamesJeffWeinertoBoardofDirectors.html (Santa Clara, Calif.) Santa Clara-based Neonode, a developer of multi-sensing touch technology, said on Thursday its application to list on the Nasdaq Capital Market has been approved. The company, which currently trades on the Over-The-Counter Bulletin Board, is expected to begin trading under the symbol "NEON". on the new market beginning Tuesday. http://www.neonode.com http://www.businesswire.com/news/home/20120426006645/en/Neonode-Announces-Listing-NASDAQ =================================================== 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 > Tales from the Unemployed: The Four Most Common Costly Mistakes to Avoid by Stephen A. Laser You've lost your job. Now what? The way people react to unemployment varies from angry and frustrated to sad and depressed. For many workers, there is also the desire to take immediate action and go on the offensive to get hired as quickly as possible. After all, it is better to be proactive than reactive, right? Not necessarily. Stephen A. Laser, a business psychologist and author of Out-of-Work and Over-40, suggests you need to take some time to regroup and make a plan. Dr. Laser gives four common reactions to unemployment that can prove to be very costly mistakes at http://www.fairfaxcountyeda.org/bay-area-tech-wire ____________________________________________ > Percona Live MySQL Conference & Expo The Percona Live MySQL Conference & Expo features 72 breakout sessions and 16 tutorials from leading technology experts. Representatives from HP, Box, Facebook, Amazon Web Services, Clustrix, Eucalyptus Systems and more will give keynote presentations. Attendees can connect with other community members at two networking receptions which will feature the annual Community Awards and Lightning Talks. Birds of a Feather sessions on Tuesday and Wednesday will allow like-minded individuals to connect. Join us April 10-12 at the Hyatt Regency Santa Clara and Santa Clara Convention Center. Post-conference events on April 13 allow further engagement. Full conference details are available at http://www.percona.com/live/mysql-conference-2012 Send inquiries to terry.erisman@percona.com ____________________________________________ > 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. 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