Qualcomm has announced that it plans to buy San Jose’s Atheros Communications for $3.1 billion. Based in San Jose, Atheros develops semiconductors for network communications, particularly wireless chipsets. Qualcomm agreed to pay $45 per share.
Articles by Silicon Valley Newsroom
The Morgan Hill Unified School District is arguing in court that it is not responsible for the suspension of students for wearing American flag T-shirts on Cinco de Mayo. They have no problem with parents suing the principal at the time, but they claim that he was not acting on their behalf and should not be charged as defendants in the case.
With $500 million in fresh investment money and a staff of 2,000 and growing, Facebook is feeling a little bit crowded in its Palo Alto headquarters. Rumors have it moving to the Sun Microsystem campus in Menlo Park as early as this June. Palo Alto is preparing to say goodbye to a steady source of revenue.
After stock price rises over the New Year, Apple is now valued at over $300 million, making it the largest publicly traded company in the world after Exxon. Apple surpassed Microsoft in May on its climb to the top, and is looking forward to high earnings in its first quarter, with new products possibly announced at the International SEC fair starting on Thursday.
Starting in January, San Jose will begin its redistricting process with the appointment of an 11-member commission. Ten of the members will be selected by City Council members, while the chair of the commission will be picked by Mayor Chuck Reed.
Mineta’s bomb-sniffing Lab Crazy Jack is retiring after nine years at the airport. His role will be taken over by the three German shepherds who currently work with him. Retiring alongside Jack will be his trainer, San Jose Police Officer Randy Changco.
Google has purchased a building in New York City for the sky-high price of $1.8 billion. The 18-story building, with the address 111 8th Avenue, occupies an entire city block and has 3 million square feet of space, making it bigger, in square footage, than the Empire State Building.
Santa Clara County got a brand new tactical armored vehicle, or BearCat. The new, multipurpose vehicle, with a price tag of $285,000, was paid for with a grant from the Department of Homeland Security. It will be available for a variety of intense police actions across Santa Clara County.
While big box stores are weathering the storm, many small businesses are still struggling to survive the recession, with many eventually giving up, and others reinventing themselves to meet the needs of a different category of customers. They are facing a domino effect. When one business fails, neighboring businesses are directly impacted.
People who ride CalTrain can expect to see a rate increase with the start of the New Year. As of January 1, the cost of a one-way ticket from San Jose to San Francisco will go up to $8.50, 75 cents higher than the current cost of $7.75. The fare hikes are intended to help cover a projected budget gap of $2.3 million for the coming fiscal year.
