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May 12, 2009 | Alana Semuels
It helped software and Web developers find jobs and attracted investors to Los Angeles. Now Twiistup, the event series created by entrepreneur Mike Macadaan to showcase the L.A. tech community, has been sold to an undisclosed private investor so it can expand. Tech communities in places such as Colorado, Florida and Switzerland have written to Macadaan asking for his help in creating Twiistups of their own. Twiistup, which debuted in February 2007, showcases promising start-ups at a twice-yearly bash that has been a change from more conventional technology meet-up events.
May 17, 2012 | By Andrea Chang, Los Angeles Times
Tim Sae Koo had an idea for a tech start-up, but the first-time entrepreneur had no idea what to do next. In January, at the advice of a friend he joined the inaugural class of tech accelerator StartEngine, hoping to turn his vision for Hypemarks - a website at which users create collections of their favorite links - into a bona fide business. Within three months Koo launched the website, and is now talking to a local investor about a substantial investment in the company.
July 7, 1988 | From Dow Jones News Service
Rockwell International Corp. of El Segundo said it completed the previously reported acquisition of Communication Machinery Corp. of Santa Barbara. The purchase price, about half of which will be paid in Rockwell common stock, was $40 million. Rockwell said Communication Machinery is a supplier of software and hardware products for local-area networks and will join Rockwell's electronics operations.
June 30, 1986
Transitron Electronic, founded in the 1950s, was one of the first companies on Route 128, now a rival of California's Silicon Valley area for concentration of electronics firms. At its peak it employed 1,600, but failed ventures in semiconductors and transistors weakened the firm. It expects to wind up business in 10 days with the sale of its Gilbert Engineering unit in a leveraged buyout.
June 11, 1986
The two largest U.S. electronics trade associations will merge their Tokyo offices July 1 into a new U.S. Electronics Industry Japan Office. Creation of a single office for the Electronic Industries Assn. and the American Electronics Assn. will give the U.S. electronics manufacturing community a more effective voice in Japan, the associations said.
March 15, 1987
Talk about high-tech: A $9.7-million office/engineering building under construction for Aerojet ElectroSystems in Azusa will have a "lightrium," "white sound," and an "ice harvester machine." The "lightrium" is a long skylight section in the center of the three-story, 110,000-square-foot structure that incorporates light sensors to turn ceiling lights on or off as required. "White sound" uses multiple frequencies to mask the sounds of machines and conversation in open-plan office buildings.
April 26, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO - Dropbox can now tick off one of the major benefits of being a booming tech firm - fabulous new digs, complete with cafe, gym and music lounge. Founder and Chief Executive Drew Houston gave the city's tech-friendly mayor a tour of the company's sleek new headquarters that sports major-league views of the San Francisco Giants' ballpark and the San Francisco Bay. The tour came just a day after Google introduced its own competing cloud storage service that lets users load photos, documents, and videos and access them from Web-connected devices.
January 5, 2013 | By Chris O'Brien, Los Angeles Times
SAN FRANCISCO - Had things gone differently, Meg Whitman might today be governor of California, fighting to turn around one of the country's most financially troubled state governments. Instead, having lost her bid for that office in November 2010, she finds herself head of Hewlett-Packard Co., struggling to fix one of the high-tech industry's most troubled giants. Save HP or California. It's hard to say which is the tougher job. It sometimes seems as if just about everything that could go wrong at HP has gone wrong in recent years.
September 17, 2012 | By Salvador Rodriguez
Bolstered by reports of record iPhone 5 sales, Apple shares surpassed $700 for the first time, passing the mark in after-hours trading Monday. The Cupertino-based tech company's stock was hovering around $700 after flirting with the milestone throughout the day. The stock closed just 20 cents shy of the mark, driven by a company announcement earlier in the day that it had sold more than 2 million iPhone 5s on the first day of pre-orders. Apple's market value is now just below $656 billion.
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