The meeting we were planning on attending tomorrow at Invitrogen’s Carlsbadistan headquarters has been postponed until October 28 thanks to some amendments to their Applied Biosystems buyout agreement. The company wants to give shareholders more time to consider the deal.
Phew. There are a few details of the $6.4 billion buyout that we wanted to study up on. (Just kidding.)
[Link: Forbes.com]
{ Comments on this entry are closed }
With the entire financial market falling down around us, it’s no wonder that Carlsbadistan’s golf industry is getting hard hit this fall. Now, the Big Bertha, Callaway Golf, has announced that there losses in the third quarter are going to be larger than expected.
“The significant deterioration in global economies over the last several weeks of third quarter have finally impacted what had been a record year for Callaway Golf,” Chief Executive George Fellows said in a statement. . . Callaway now expects revenue for the third quarter of $213 million, down from $236 million last year. The net loss for the quarter is expected to be 12 cents to 14 cents a share.
That doesn’t sound good.
[Link: San Diego Union-Tribune]
{ Comments on this entry are closed }
Our favorite Carslbad-based life sciences company, Invitrogen, has just introduced a new bench-top instrument called the Countess automated cell counter, according to a story in Pharmaceutical Business Review .
According to the company, the Countess instrument: counts live and dead cells, calculates percent viability, measures average cell size, calculates dilutions for downstream applications and uses just 10 microliters of sample.
As usual, we have no idea what they’re talking about, but if it’s good for their stock price then it’s fine by us.
[Link: Pharmaceutical Business Review]
{ Comments on this entry are closed }
Today Taylor-Made Adidas Golf announced that they will acquire the struggling Carlsbad-based golf apparel maker Ashworth for $72.8 million.
The two parties announced Oct. 13 reaching a definitive agreement that calls for TMAG to acquire all of the outstanding shares of Ashworth for $1.90 per share in cash, a 9.8 percent premium from its Oct. 10 close of $1.73. . . . “This acquisition underscores our commitment to continued growth in the golf category,” said Herbert Haier, chairman and CEO of Adidas AG, TMAG’s parent company.
The purchase price includes $46.3 million in Ashworth debt. The company lost $9.6 million in the third quarter. Sounds like a winner, huh?
[Link: Golfweek]
{ Comments on this entry are closed }
Carlsbadistan’s Stacey Ross says she didn’t even know what a blog was when she started SanDiegoBargainMama.com.
Now, according to a story in Today’s Local News, she says her shopping savings tips for mothers site gets visited by 11,000 people per month.
The site highlights regional deals and resources for products, services and San Diego family-friendly events that are easy on the pocketbook. She sends three e-mail campaigns out each month to let subscribers know what’s on sale and writes a daily blog about her experiences in tracking down deals.
For moms searching for bargains in and around North County, San Diego Bargain Mama is worth checking out. . . especially the blog, however, it’s good to remember that much of the content is “sponsored” meaning it is paid advertising and not simply Stacey’s opinion.
[Link: Today’s Local News]
{ Comments on this entry are closed }
Here’s one of our local Carlsbadistan development companies that we’ve never heard of before: Terramar Retail Centers LLC of Carlsbadistan has just paid $115 million for El Paseo de Saratoga, a 341,000-sf open-air retail development in San Jose, California according to a story on GlobeSt.com.
Terramar currently owns and operates 3.7 million sf in 20 neighborhood, community, specialty and power centers in Oregon Washington and California, including the Target-, Lowe’s- and Kohl’s-anchored Plaza at Golden Valley now under development in Santa Clarita, CA. Bowers says the company is actively expanding its portfolio through acquisitions, new development and redevelopments of retail centers on the West Coast, including Mexico.
And Terramar is reportedly “well capitalized” and can buy all this retail space “without financing.” The big money in Carlsbad isn’t all golf and biotech, huh?
[Link: GlobeSt.com]
{ Comments on this entry are closed }
We have to be honest. We have no idea what an “ethanol fuel” really means. But Carlsbad has two new ethanol pumps at Bressi Ranch Shell. The station celebrated yesterday by throwing a ribbon cutting ceremony at 2740 Gateway Road.
And everyone was there: (Left to right) Ted Owen, president/CEO of Carlsbad Chamber of Commerce; Judy Bishop, executive director of the Ecocenter for Alternative Fuel Education; Mike Lewis, general manager of Pearson Fuels; Fred Reed, owner Bressi Ranch Shell; Debbie Reed, Bressi Ranch Shell.
For a list of cars that can actually use these two new pumps click the link for a guide to reading VIN numbers for FlexFuel compatibility.
{ Comments on this entry are closed }
Our party crashing skills are seriously lagging as we missed the first two nights of the Fortune Most Powerful Women conference at the Four Seasons Aviara October 1-3, 2008. Here’s a little of what we’ve missed in addition to hanging out at the lobby bar pretending to be gigolos.
Now in its tenth year, the Summit is the world’s premiere gathering of women leaders in business, government, academia, philanthropy, and the arts. Each Fall, a select group comes together to exchange big ideas . . . This year’s theme is Extraordinary Talent, and our lineup includes PepsiCo Chairman and CEO Indra Nooyi, Melinda Gates, and Warren Buffett. Our program — no speeches! — is diverse and designed to facilitate energetic and provocative conversation. Participation is by invitation only.
Christiane Amanpour and Maria Bartiromo in Carlsbadistan in the same hotel on the same night? Is this heaven or what? Guess there is still time to crash something. . . lets see, how about playing bridge with Warren Buffet or yoga with Martha Stewart Friday morning at 6:30 AM.
[Link: The Most Powerful Women]
{ Comments on this entry are closed }
According to a report on Costar.com Carlsbadistan’s Callaway Golf will be laying off 164 employees at their 2180 Rutherford Road location on October 18, 2008.
Happy Halloween!
[Link: Costar.com]
{ Comments on this entry are closed }
We were wrong when we said the Poseidon Resources Inc. desalination plant had cleared it’s last hurdle on August 22, 2008. Now the San Diego Coastkeeper and the Surfrider Foundation have filed a lawsuit in Superior Court “in an attempt to force another review of a proposed seawater desalination plant in Carlsbad,” according to a story in the San Diego Union-Tribune.
The lawsuit against the San Diego Regional Water Quality Control Board claims the agency did not ensure the best site, technology and design for the facility. “What we are trying to do is make sure that all of the analysis goes on so that we get the best plant possible,” said Gabriel Solmer, Coastkeeper’s legal director.
We hate to admit it, but we kind of like seeing the project faced with more hurdles.
[Link: San Diego Union-Tribune]
{ Comments on this entry are closed }
RSS Feed-Posts