June 16, 2011 |
Honda Center, still in contention to bring an NBA team to Anaheim, will undergo improvements to the 19-year-old arena valued in the "tens of millions" of dollars, arena officials said Thursday. Tim Ryan, president and CEO of Honda Center's operator, Anaheim Arena Management, said in a statement that the upgrades represent "the most significant improvement project ever seen at Honda Center … [and] will have a dramatic impact on the overall fan experience and assure Honda Center stands up favorably next to any arena in the country, including those that house multiple sports franchises.
March 29, 2011 |
The Anaheim City Council on Tuesday unanimously approved $75 million in privately backed bonds to "set the table" for the NBA's Sacramento Kings to make Honda Center their new home next season. The bonds will be backed by three companies of Henry Samueli, the Anaheim Ducks' owner and Honda Center operator, and are designated to pay for relocation fees the Kings will need to pay the NBA, along with improvements to Honda Center. Anaheim Mayor Tom Tait called the meeting "historic" at its opening, and said after the vote he was "stoked" by the council's action.
February 21, 2011 |
If you have to kiss a lot of amphibians to find a prince, you have to woo a lot of NBA teams to win one's heart. With March 1 the deadline to file for relocation, Sacramento Kings owners Joe and Gavin Maloof are maintaining a stony silence about their intentions. This suggests two possibilities for Anaheim with its NBA-ready arena, after months of discussions with the Maloofs, who reportedly visited two weeks ago: It's Plan A, with the Maloofs giving Sacramento a last chance.
February 1, 2011 |
The hits just keep on coming for Irvine's Broadcom Corp. Trouble is, they're not always the kind of hits the company wants. The chip maker on Tuesday is expected to report robust earnings topping $300 million for its fourth quarter, which ended Dec. 31 ? more than five times its profit for the same period last year. That's the good news, and it stems from Broadcom's success is designing chips for for many of the world's bestselling consumer devices: Android phones and Wiis, iPhones and iPads, to name a few. During the last quarter, Apple Inc.'s blockbuster tablet and smart phone sold far more than most analysts expected.
September 23, 2010 |
Ducks owners Henry and Susan Samueli , in their first comments since the NHL lifted its suspension of Henry in November, said they remain committed to the franchise for the long term despite losing "double-digit millions" and seeing the team's slide since its 2007 Stanley Cup triumph extend to missing the playoffs last season. "We have so much passion for the team," Susan Samueli said Thursday. "It just makes us appreciate the Stanley Cup even more, that we had a difficult year last year.
May 29, 2010 |
Federal prosecutors decided Friday not to appeal a judge's recent dismissals of criminal stock options backdating charges against Broadcom Corp. co-founders Henry Samueli and Henry T. Nicholas III. The decision brought to a close a two-year legal battle between the billionaire executives and the Justice Department. Late Friday, Nicholas released a statement that said, "The decision by the Department of Justice reconfirms my faith in our criminal justice system." In December, U.S. District Judge Cormac J. Carney dismissed the charges against Samueli and Nicholas, accusing prosecutors of a "shameful" campaign to intimidate witnesses and obtain unjustified convictions.