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Saturday, Sep 23, 2023


VALLEY BRIEFS Nursing Scholarships Awarded The Encino-Tarzana Hospital Charitable Foundation has awarded nursing scholarships to Laura Castro of Canyon Country, Mona Munoz of Reseda, Sandra Holguin of Burbank, Debbie Mireles of Saugus, and Tatiana Balas of Los Angeles. The $1,200 scholarships are awarded to local students who are currently pursuing Bachelor of Science degrees in Nursing. Recipients are required to be currently enrolled in school, demonstrate good school attendance, honesty and integrity, show initiative and dedication to exploring career opportunities in the medical field. Anheuser- Busch Ranks First A survey of 10,000 business leaders and securities analysts named Anheuser-Busch Cos. Inc. first overall in quality of products and services among nearly 600 companies in Fortune magazine’s 2004 “America’s Most Admired Companies listing.” Anheuser-Busch, whose main West Coast plant is located in Van Nuys, ranked first in its industry in all eight categories: innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment and quality of products/services. Pasta Pomodoro to Open Pasta Pomodoro, Inc., the San Francisco-based Italian chain, opens its newest location March 15 in Woodland Hills. Run by Italian-born chef, Adriano Paganini, Pasta Pomodoro’s newest location joins its sister Southern California restaurants located in Irvine, Newport Coast, Laguna Beach, Corona, and Manhattan Beach. There are 36 Pomodoro Cucina Italiana and Pasta Pomodoro restaurants located throughout the West Coast. In 2003, the company racked up $41 million in sales with each average unit at $1.4 million. Rockwell Forms Firm Thousand Oaks-based Rockwell Scientific Company LLC will be a substantial stakeholder in a newly formed company called Altasens, Inc., a direct spin-off of Rockwell Scientific’s CMOS Image Sensors Business Group. Altasens came about from a collaboration between Rockwell and ITX International Holdings Inc., based in Mountain View. It will manufacture image sensors for entertainment, industrial and consumer uses. ML to Acquire Company Camarillo-based AML Communications, Inc. signed a letter of intent to acquire Microwave Power, Inc. in a stock-for-stock transaction. AML will give about 2.1 million shares in exchange for all shares of MPI, a privately held manufacturer and distributor of high power microwave amplifiers. AML manufactures and distributes amplifiers for military microwave and wireless communications markets. MannKind Raises Funds MannKind Corp., a Valencia-based privately held biopharmaceutical company, raised $50 million through placement of more than 980,000 shares of stock. Cash and investment securities at the completion of the placement to institutional and private investors totaled about $64 million. Electro Rent Enters New Market Van Nuys-based renter of computers and electronic test equipment Electro Rent Corp. acquired some quick-ship services contracts from CIT, a NYSE-traded company. The move signifies Electro Rent is entering the business continuity/disaster recovery market. The terms of the deal were not released. 3D Systems Reports Revenue Growth, Net Loss Valencia-based 3D Systems Corp., a manufacturer of solid imaging machines, reported revenue growth of 10 percent in the fourth quarter of 2003 compared to the same period in 2002. The company took in $35.2 million in the quarter in 2003 as opposed to $32 million in 2002. 3D reported a net loss of $12 million for the fourth quarter, claiming a change in accounting principles and legal fees. It reported $15.7 million in net loss in the same period in 2002. SunGard Named ‘Best Treasury System’ Calabasas-based SunGard Treasury Systems, a unit of SunGard, a global leader in IT integration, was recognized as the “Best Treasury Management System” in North American and Asia by the Global Finance Magazine. The awards represent the second consecutive year the company has been honored by Global Finance. SunGard will be featured in the April issue of the magazine. Homestore Reports Net Loss Westlake Village-based Homestore, Inc., a provider of real estate media and technology, reported revenue in the fourth quarter of 2003 was at $54.9 million, compared to $60.8 in the same quarter in 2002. The company reported $12 million in net losses in the fourth quarter, compared to $36.6 million in the same period last year. World’s First Power Over Ethernet Test Solution Calabasas based Ixia, a global provider of IP network testing solutions, announced that it has developed the world’s first Power over Ethernet (PoE) test solution for validating power-enabled equipment. Ixia’s new hardware conforms to the IEEE 802.3af standard for PoE via emulation of the powered device (PD). It is designed to operate in conjunction with Ixia’s line of Ethernet network interface modules, which provide data traffic generation and analysis, to verify that data is not impacted by varied power load conditions.

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