SolarCity stock has jumped more than fivefold since it went
public in December at $8 a share, making CEO Lyndon Rive, left, and Chairman
Elon Musk, very happy. The San Mateo solar panel company is trading at more than
$40 now.
Facebook finally got back to its IPO offering price on Wednesday, if only
briefly, about 14 months after going public at $38 a share.
After trading as high as $38.31, however, it finished the day below its
version of the Mendoza line at $36.80.
Still, considering how it was worth less than half that amount shortly after
it rang the opening bell on the Nasdaq in May 2012, it is a reincarnation worth
celebrating.
But the folks who helped the Menlo Park-based social networking giant raise a
record amount of money by buying at $38 probably aren't popping the champagne
yet. They are just back to zero.
Meanwhile there have been a number of less-celebrated Silicon Valley and Bay
Area tech companies that have gone public whose post-IPO run-up puts Facebook to
shame.
Click through the accompanying photo gallery to see 10 of the local tech
stars whose post-IPO stock performance has beaten Mark
Zuckerberg and company.
Click here to
subscribe to TechFlash Silicon Valley, the free daily email newsletter about
founders and funders in the region.
Long term, did Facebook investors make a good bet?
This survey is not a scientific sampling, but offers a
quick view of what readers are thinking.
Cromwell Schubarth is the Senior Technology Reporter at the Business
Journal. His phone number is 408.299.1823.
Symantec Corp. will lay off an additional 75 workers in Mountain View, even
as the security software company's chief told analysts this week that the job
cutting is reaching an end.
The Mountain View-based company initiated a reorganization plan back in
January to cut costs, and All
Things D reported back in June that up to 1,700 employees could be let go.
Symantic has 21,000 workers companywide.
The latest round of layoffs, disclosed in a WARN Act notice to the city last
week, follows three previous reductions in the city. Those reduced headcount by
a total of 194, according to Employment Development Department notices.
Affected positions in the latest cutback across divisions and appear to
comprise mostly managers and directors.
Symantec, which reported net income of $157 million on Tuesday, may be
reaching the end of the layoffs. ZDNet
reports that CEO Steve
Bennett said the "organizational simplification initiative" would be "almost
done" by the end of July. Severance and benefits payments would cost the company
between $220 million to $250 million through the end of the year, ZDNet
said.
A company spokesman said: "Symantec is in the midst of a company-wide
transformation. As part of this effort, we are engaged in a company-wide
reorganization. As a result, some positions are being eliminated. This action is
a reflection of our new strategy and organizational simplification initiative
announced on Jan. 23rd, 2013. One of the goals of Symantec’s reorganizational
effort is to make the company’s employee reporting structure more efficient and
support the company strategy moving forward."
Nathan Donato-Weinstein covers commercial real estate and
transportation for the Silicon Valley Business Journal.
It looks like the highly anticipated Whole Foods on the Alameda is ready to
roll.
The supermarket chain will break ground Aug. 21, the company confirmed. The
news was first
reported byMary
Gottshalk of the Merc's Silicon Valley Community Newspapers division.
The project is slated to include a 27,291-square-foot grocery store with a
separate 5,600-square-foot, two-story brewery building at the northwest corner
of Stockton Avenue and The Alameda. (You can read more about the
brewery part here.)
Residents in the area have wondered when the store would get going after
several delays, and I probably field about one call a week asking when the store
is going to happen, so it's nice to be able to pencil something on the
calendar.
The grocery store is located close to where AvalonBay is finishing up
construction of Morrison Park, a 250-unit apartment project.
Nathan Donato-Weinstein covers commercial real estate and
transportation for the Silicon Valley Business Journal.
While we may not boast houses as old as some otherpartsof thecountry, San Francisco is known for her Victorian. Today we're embracing the city's most postcard-friendly buildings with a map of the Oldest Victorians in the city. For the sake of clarity, we're casting a wide net and considering anything built during the Victorian Era (1837-1901), not necessarily just the ornate gingerbread houses we all know and love. This list is by no means comprehensive, so leave us a comment or hit up the tipline if there are any others you'd like to see listed.
We couldn't make a list without the famous Postcard Row Victorians. The oldest one was the personal residence of builder Matthew Kavanaugh who went on to build the three matching houses next door. And Full House history was born. It bounced around on the market for a bit in 2010, but never sold.
Built for a colonel in the Mexican-American War, some say it was built in either New Orleans or Maine and reassembled here. At the time, the area was far removed from downtown.
Built in 1852, the cooking area and dining room were located as far from combustible clapboard as possible, in this case, in the brick semi-basement. During Prohibition it acted as a speakeasy promoted as having “all the atmosphere of the Montmarte with a Marine view” until it was raided in 1927. It was on the market in 2011 for $3.8M, but never sold.
The Italian Villa was built in 1853 by Joseph Atkinson as his own house, at the time Broadway from Mason to Jones Street was merely a "goat path" which zig-zagged up the hill. It was remodeled by Willis Polk sometime around 1900 and somehow survived the 1906 Earthquake and Fire.
Bush Street was still a toll road when the house was erected in 1854 for San Francisco Supervisor Charles Stanyan, who helped The City acquire the land for Golden Gate Park. The house remained in the Stanyan family for more than 100 years.
Horatio P. Livermore, often referred to as the "Father of Russian Hill," built dams across the American River near Folsom and was a power and irrigation magnate.
One of only two surviving houses in San Francisco built on the octagon plan, the name Feusier refers to businessman Louis Feusier whose family lived there from 1852-1954.
The House of the Flag was famously saved during the 1906 Earthquake and Fire when the owner raised a flag next to it during the fire. Soldier saw the flag and were inspired to continue up the hill to fight the fire.
The structure was originally the main house for a dairy farm. Captain Leale, a ferry boat captain, bought the house in 1883 it was remodeled with a false front in the popular Italianate style.
This other octagon house was built by miller William C. McElroy in 1861, but it's original site was on the east side of Gough. It remained a private residence until the 1920s,when it was bought by a utility company. By 1951, the house was abandoned and falling apart when the Colonial Dames of America made a $1 offer to buy and restore the house.
This Italianate house was built by Stephen L. Piper, a prominent carpenter and house builder. Daniel and John Sylvester were wholesale butchers and cattle dealers at First Avenue South. In 1870, this neighborhood was set aside by state law as Butchertown.
We couldn't make a list without the famous Postcard Row Victorians. The oldest one was the personal residence of builder Matthew Kavanaugh who went on to build the three matching houses next door. And Full House history was born. It bounced around on the market for a bit in 2010, but never sold.
Built for a colonel in the Mexican-American War, some say it was built in either New Orleans or Maine and reassembled here. At the time, the area was far removed from downtown.
Built for a colonel in the Mexican-American War, some say it was built in either New Orleans or Maine and reassembled here. At the time, the area was far removed from downtown.
Built in 1852, the cooking area and dining room were located as far from combustible clapboard as possible, in this case, in the brick semi-basement. During Prohibition it acted as a speakeasy promoted as having “all the atmosphere of the Montmarte with a Marine view” until it was raided in 1927. It was on the market in 2011 for $3.8M, but never sold.
The Italian Villa was built in 1853 by Joseph Atkinson as his own house, at the time Broadway from Mason to Jones Street was merely a "goat path" which zig-zagged up the hill. It was remodeled by Willis Polk sometime around 1900 and somehow survived the 1906 Earthquake and Fire.
Bush Street was still a toll road when the house was erected in 1854 for San Francisco Supervisor Charles Stanyan, who helped The City acquire the land for Golden Gate Park. The house remained in the Stanyan family for more than 100 years.
Horatio P. Livermore, often referred to as the "Father of Russian Hill," built dams across the American River near Folsom and was a power and irrigation magnate.
One of only two surviving houses in San Francisco built on the octagon plan, the name Feusier refers to businessman Louis Feusier whose family lived there from 1852-1954.
The House of the Flag was famously saved during the 1906 Earthquake and Fire when the owner raised a flag next to it during the fire. Soldier saw the flag and were inspired to continue up the hill to fight the fire.
The structure was originally the main house for a dairy farm. Captain Leale, a ferry boat captain, bought the house in 1883 it was remodeled with a false front in the popular Italianate style.
This other octagon house was built by miller William C. McElroy in 1861, but it's original site was on the east side of Gough. It remained a private residence until the 1920s,when it was bought by a utility company. By 1951, the house was abandoned and falling apart when the Colonial Dames of America made a $1 offer to buy and restore the house.
This Italianate house was built by Stephen L. Piper, a prominent carpenter and house builder. Daniel and John Sylvester were wholesale butchers and cattle dealers at First Avenue South. In 1870, this neighborhood was set aside by state law as Butchertown.
We couldn't make a list without the famous Postcard Row Victorians. The oldest one was the personal residence of builder Matthew Kavanaugh who went on to build the three matching houses next door. And Full House history was born. It bounced around on the market for a bit in 2010, but never sold.
