Onvia, which provides an online service to connect businesses with government contracts, said that its revenue increased 21 percent during the second quarter to $6.2 million as its clients base grew five percent to 8,500. The Seattle company also trimmed its net loss for the second quarter to $197,000.
In a story from TheStreet.com titled "Honey I Shrunk the Tech Sector," Seattle entrepreneur and venture capitalist Martin Tobias predicts more tech M&A deals in the near future.
Bothell biotech Scolr Pharma saw revenues decline 17 percent to $230,789 during the second quarter as royalty payments from Perrigo fell. The company -- which finished the quarter with $3.1 million in cash and cash equivalents on the books and is looking at ways to reduce the burn rate -- saw its net loss decrease 26 percent to $1.6 million.
Comcast said it plans to begin reselling its WiMax broadband Internet service -- dubbed HighSpeed2Go and currently available in Atlanta and Portland-- in Washington state, Philadelphia andChicago this year.
Rosetta Inpharmatics founder Stephen Friend -- who is in the midst of creating the new Seattle non-profit Sage Bionetworks -- is the subject of a detailed Xconomy profile in which he describes how the life sciences non-profit is taking cues from the open source software movement.
" name="head">
<![CDATA[<body>
<script language=javascript type="text/javascript">
<!--
if (parent.frames.length)
top.location.href= document.location;
// -->
</script>
</head>
<frameset rows="34,*" frameborder=0>
<frame src="./tiny_templates_c/connect_head.php?wid=553538&cat=Business&url=http://feedproxy.google.com/~r/TechFlash/~3/eUBPKWHLStc/Marchexs_sales_richrelecance_scores_cash_CTI_and_more52672577.html&urltitle=Marchex's sales; Richrelevance scores cash; CTI; and more&description=<p><strong>Seattle online local advertising company Marchex</strong> could see its revenue further eroded due to the recently announced advertising partnership between Microsoft and Yahoo, with CFO Michael Arends pointing out potential issues in a conference call this week, <a href="http://domainnamewire.com/2009/08/07/yahoo-microsoft-deal-could-cost-marchex-8m-annually/">reports</a> Domain Name Wire.</p><p><strong>Onvia</strong>, which provides an online service to connect businesses with government contracts, said that its <a href="http://news.onvia.com/wp-content/themes/default/images/onvi-q2-2009-earnings-release-8-6-09.pdf">revenue increased</a> 21 percent during the second quarter to $6.2 million as its clients base grew five percent to 8,500. The Seattle company also trimmed its net loss for the second quarter to $197,000.</p><p><strong>In a story</strong> from <a href="http://www.thestreet.com/story/10566765/2/honey-i-shrunk-the-tech-sector-ma-alters-the-game.html">TheStreet.com</a> titled "Honey I Shrunk the Tech Sector," Seattle entrepreneur and venture capitalist Martin Tobias predicts more tech M&A deals in the near future.</p><p><strong>Bothell biotech Scolr Pharma</strong> saw revenues <a href="http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/08-07-2009/0005073868&EDATE=">decline 17</a> percent to $230,789 during the second quarter as royalty payments from Perrigo fell. The company -- which finished the quarter with $3.1 million in cash and cash equivalents on the books and is looking at ways to reduce the burn rate -- saw its net loss decrease 26 percent to $1.6 million.</p><p><strong>Comcast</strong> said it plans to <a href="http://www.fiercewireless.com/story/comcast-projects-margins-above-40-wimax-service/2009-08-06?utm_medium=nl&utm_source=internal">begin reselling</a> its WiMax broadband Internet service -- dubbed HighSpeed2Go and currently available in Atlanta and Portland-- in Washington state, Philadelphia andChicago this year.</p><p><strong>Rosetta Inpharmatics</strong> founder Stephen Friend -- who is in the midst of creating the new Seattle non-profit Sage Bionetworks -- is the subject of a <a href="http://www.xconomy.com/seattle/2009/08/06/stephen-friend-leaving-high-powered-merck-gig-lights-the-fire-for-open-source-biology-movement/">detailed Xconomy</a> profile in which he describes how the life sciences non-profit is taking cues from the open source software movement.</p>" name="head">
<frame src="http://feedproxy.google.com/~r/TechFlash/~3/eUBPKWHLStc/Marchexs_sales_richrelecance_scores_cash_CTI_and_more52672577.html" name="Body">
</frameset>
</body>]]>