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Intel Acquiring Alameda and Sunnyvale-Based Wind River Systems

June 4, 2009

Tweet Santa Clara-based Intel (INTC: 26.93 +0.60%) has announced that it is acquiring Wind River Systems for $884M. The acquisition comes on the heels of the fight over DataDomain by NetApp and EMC. As we suspected, we’re beginning to see an accelerated cycle of acquisitions take hold as companies with mountains of cash are empowered […]

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Sunnyvale City Center In Trouble – Developer Wants To Convert to Public-Private Partnership!

May 12, 2009

Tweet The developers behind Sunnyvale City Center have run into a brick wall as far as financing is concerned, and now they want the government’s help to get the project back on track. The Mercury News is quoting Peter Pau, the principal behind Sand Hill Property Company as wanting the city to essentially act as […]

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Silicon Graphics Files Chapter 11 BK, Sells To Rackable Systems

April 1, 2009

Tweet It’s somewhat ironic that the company that first subleased and then sold its headquarters to the Google behemoth several years back has now filed for bankruptcy and made the decision to sell itself for a paltry sum of some $25M. Silicon Graphics, which was founded in 1982, seems to have finally (they filed BK […]

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Silicon Valley Rent, Vacancy, and Unemployment

March 24, 2009

Tweet I was reading an article yesterday in the Mercury News about Silicon Valley rents that peaked my interest. Another broker who is often quoted, indicated that his expectation was generally that Silicon Valley wouldn’t see vacancy rates like those we saw in 2002, in which some submarkets experienced vacancy rates of 30%: ‘We don’t […]

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30% of iStar Financial’s Loans are Non-Performing

February 28, 2009

Tweet iStar Financial (SFI: 0.00 N/A), a commercial mortgage REIT that had been an active player of the past few years, is in dire straits with an some 23-30% of its loan portfolio not performing. The company acquired the assets of Fremont Investment & Loan, a notorious lender on highly speculative condo and housing projects. […]

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Yahoo!, Silicon Storage, Marvell, Opvista Layoffs

February 13, 2009

Tweet Layoffs continue in Silicon Valley, and the sentiment amongst valley leaders is that the pace will likely accelerate. In fact, according to a Bay Area Council study which was just released in the past few days, 39% of respondent executives in Santa Clara county indicated job cuts were coming while only 11% anticipated hiring. […]

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Network Appliance Cutting 500 Jobs

February 12, 2009

Tweet Sunnyvale-based Network Appliance (NTAP: 36.24 -2.04%) announced that it will be cutting 500 jobs globally. The cuts represent 6% of its workforce. The company is still profitable, and has a significant presence in Sunnyvale, where it controls some 740,000 square feet. In addition, the company controls other properties in the vicinity, in which it […]

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Bill Halford of Bixby Land Company: Wait

January 8, 2009

Tweet There was a business journal article the other day discussing how tenants and buyers stand to gain from the slowdown in commercial real estate. The full article is here (although the article doesn’t really tell us anything interesting or new but I suppose it is something to write about in the absence of other […]

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Yahoo Layoffs Begin; Estimated 1500 To Lose Jobs This Round

December 10, 2008

Tweet Sunnyvale-based Yahoo (YHOO: 36.35 +6.26%) began its latest round of layoffs today. The estimate is that 1,500 employees will be laid off worldwide in this latest round. Both analysts covering Yahoo! as well as friends working for the company estimate that there are still several thousand more employees within the company whose jobs could be […]

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Adobe to Cut 600; Yahoo Layoffs Next Week

December 4, 2008

Tweet Adobe announced that it will be laying off 600 employees, or about 8 percent of its workforce. The San Jose company indicated that the job cuts will be across the board, and are attributable to a slowdown in the economy and lower than expected sales of its Creative Suite 4 product. Yahoo is set […]

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