On Thursday Intel reported a net fourth quarter income of $3.4 billion, which translated into 59 cents per share. Total revenues for the quarter were $11.5 billion, while annual revenues for 2010 were $43.6 billion. Share prices were up $2.05 over the previous year, making 2010 the most profitable year in the company’s history.
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Mineta Airport’s Terminal B was on lockdown Thursday night after a woman exited the secure area and attempted to re-enter through the exit line, bypassing a second screening. Because of the incident, all of the passengers in the terminal were forced to go through a second screening. Even passengers already on planes were told to leave the aircraft and go through screening again.
David Shaw takes over where Jim Harbaugh left off, as the Stanford offensive coordinator of two seasons was promoted to being the next Cardinal football coach.
Microsoft is disputing Apple’s intention to trademark the term “app store.” They contend that it’s a generic term and cannot, therefore, be trademarked. Apple disagrees. Yes, “app” is short for “application software,” but it is also an abbreviated form of the company’s name, Apple.
Firefighters are investigating whether the fire at the Herb Appeal medical marijuana dispensary was the result of arson. While other marijuana collectives have had fires in the past, they were usually the result of faulty wiring indoors. In order to determine whether the fire was, in fact, arson, investigators are now searching for traces of accelerant at the scene.
Sen. Joe Simitian admits the hard truth is that life is going to get worse for many Californians before it gets better. That is doubly true, he says, if Brown is unable to win voter approval for some new tax revenue.
The launch of a Verizon connected iPhone in February could cost AT&T as many as 6 million customers. The new phone could also affect Google, since many users of its Android phone chose it to avoid the iPhone’s exclusive contract with AT&T.
City Councilman Pierluigi Oliverio wants performance, not seniority, to determine who the city lays off. He argues that eager young employees are being lost to cuts, while older, higher-salaried workers end up keeping their jobs regardless of their performance. The Civil Service Commission warns that the unions will fight this “to a person.”
The Mexican American Community Services Agency is suing former CEO Olivia Soza Mendiola and former CFO Benjamin F. Tan, along with accountant Joe Clovis, for financial negligence. In its suit, MACSA indicated that several other high ranking staff members could also be sued for financial improprieties. One possibility is former COO Xavier Campos, who has since been elected to City Council.
We are lucky to live in such a bountiful state. Where else can you taste wine from three different local wineries, eat incredible cheese then finish the week with rare Bordeaux brought directly from France? Some might call us spoiled, yet it’s just another week of food and wine events in the Silicon Valley. Jan 12-19.
