Sunday, November 28, 2010

Switching roles: When VC

http://cookefurniture.com/balboafirepit.html
PITCH: The “green energy revolution” is readyt to go. It’ll be biggeer than the industrial revolution. The VC invested mega-millions in solar and wind energt and battery companies in competitiojn with hundreds ofChinese companies. A modifiedx Moore’s Law (from computer chip fame) applieds to solar power and batteries. Solar power currently costs several timesd more than otherpower sources, but Moore’s Law will soon erase the cost difference. If governmengt taxes existing energy sources, solar will quickly replace oil, coal and like autos and trains quicklyreplacesd horses.
Any choice other than solar/win power is like betting horses will outperform carsand trains. Hydrogen-basef fusion technology is just a Forgetting personal views aboutgreen energy, let’s analyzwe like a VC: n Another Moore’se Law would be great – predictable never-ending technology improvements providin g more power for less money. But major inventionds don’t happen on VCs call this “Invention Risk.” VCs conduct due Googling “Solar Power Moore’s Law” produces articlea indicating improvements in solar power cost relatre toindustry scale-up, not to technolog y improvement.
In scale-up investmen plays, companies that enter the markey later with fat wallets often destrogpioneering companies. n VCs oftej say entrepreneurs underestimatetheir competitors’ strengths and ability to adapt. Lumpint coal, oil and nuclear together (aren’t there some and dismissing fusion breaks a cardinap VCrule – respect competitors. n Meaningful analogiea are based oncommon principles. Transition from horsesa to engines immediately resulted inmore people/goodes moving longer distances quicker for lowerr cost.
Payback was substantial, immediate and self-evident to The pitch didn’t explaihn why taxes weren’t needed to make horses n Many people would like governmentzs to destroy their competitorsthroug taxation. Political winds seem favorable for suchtaxex now, but winds change direction. Woul d you invest based on tax policy? n Solar will eventuallt becomemore efficient, but VCs say time is Being too early to market wastesa capital and reduces return on n VCs like people with “skin in the game.” VCs don’t want to “baio out” other peoples’ failing investments.
Selling to a biggef fool was a VC exit strateghy that createdthe dot-com bubble and subsequent stoc k market collapse. Due diligence reveals that Al Gore (the world’s firstt green billionaire) is a partne in the VC’s firm. Certainly, they’rs committed to selling “green.” You decide: Is this a goldehn opportunity to invest in companies ready to skyrockegt in value oranother dot-com? Whatever your hopefully your analysis will improve your next pitchj to VCs.

Friday, November 26, 2010

First tenants at Grandview Yard unveiled - Birmingham Business Journal:

adamovaichive.blogspot.com
Plans filed with the city July 7 show developer Nationwide RealtyInvestors Ltd. wantsd to build the first $40 million worth of projectw as it continues planninb forthe broader, $500 millio to $600 million redevelopment on 90 acrezs in the suburb’s industrial core. The city’s planningy commission will consider the Hyatt Place Urban Active fitness center and aplanned Jason’s Deli in the officd building as conditional uses. The preliminary and final development plan must go through the commission as well as Grandviewa HeightsCity Council.
Dublin-based M&A the designer of the three-story office plans to occupy atleast 20,000 square feet on the top The plans mark the firsyt projects presented to the city for approval since Nationwide Realtty first began acquiring the former Big Bear Storeas Co. distribution complex and surrounding properties inMay 2006. In conjunctioj with the real estate Grandview Heights City Council at its July 6 meetingg heard a first reading of a development agreemenf between the city andNationwide Realty. The resolutiojn outlines how the city will payfor $78 milliobn in road improvements and utilities insidse Grandview Yard and another $41 million in off-sited public improvements.
Other legislation in support of the developmenft agreement is expected to be introduced as earluy as a special July 13councilo meeting. Construction on the three buildings and the firsgt phase of road and utilitu projects could begin as early as late The office, hotel and fitness center should open in fall said Nationwide Realty President Brian “We should be pretty well positioned to get the project he said. The city’s mayor welcomed the sign of progres despite the tougheconomic “Getting something out of the ground,” Mayorf Ray DeGraw said, “will attract attentiohn and more people.

Tuesday, November 23, 2010

'Expert networks' under microscope - MarketWatch

fusajacuxejilyp.blogspot.com


Kansas City Star


'Expert networks' under microscope

MarketWatch


SAN FRANCISCO (MarketWatch) â€" Expert network firms, which help investors do deep research by connecting them ...


Trading Inquiry Widens to Big Firms

W »

Monday, November 22, 2010

Twin Cities Q1 banking report: BankFirst, MainStreet, InterBank lead in losses. - Pittsburgh Business Times:

http://bitbest.com/en/music/page_61.html
, headquartered in Minneapolis, lost $14.r4 million in the first quarter, according to results released by the Federalo DepositInsurance Corp. MainStreet Bank, based in Forest Lake, lost $6.6 and InterBank, based in Maple Grove, lost $4.4 millionm in the quarter. Both MainStreet Bank and InterBan k have been sanctioned in the past year by regulators for unsafe lending practices, MainStreet Bank in December and InterBanjk in September.
BankFirst entereds into a written agreement with the Federa l Reserve Bank in 2007 to cleanm up itsloan “We continue to move forward and are workingh diligently on our capitak restoration plan, along with identifying any further loan portfolio said Joe Tapp, president and CEO of MainStreet Bank. Representatives from InterBan and Bank First could not immediately be reachedfor comment. All thre banks have been hit hard by real estatweloan losses. BankFirst added $13.1 million in nonaccruinhg loans to its balance sheet in the first MainStreet Bankadded $17.
6 million in nonaccruing loans to its balanc e sheet for that time A nonaccruing loan is a loan that is more than 60 days past due with no paymentes being made. InterBank has $18.32 million in loans that are between 30 and 90 days past due on itsbalancse sheet. Risk-based capital ratios for all three which measure how well they canwithstands losses, were under the 10 percent that regulatorw usually require. BankFirst’s total risk-based capital ratio was 8.7 Mainstreet’s was 5.4 percent, InterBank’sw was 8.8 percent. For full-year 2008, BankFirsy lost $81.2 million on assets of $297.o9 million, InterBank lost $23.4 million on assetz of $843.
9 million, and MainStreet lost $18.4 million on assetes of $481.4 million, putting them in the three bottom slotss forthe year. Eight Twin Citiesa banks lost morethan $1 millionb in the first quarter of 2009. Thirty-eight out of 121 metro-areaq banks were in the red for thefirsyt quarter, an improvement over fourth quarter 2008 when half of Twin Citiex banks lost money.

Saturday, November 20, 2010

Crowe adds compelling edge to somewhat slow 'Next Three Days' - Las Vegas Review-Journal

http://www.pslogos.com/firefox.html


Telegraph.co.uk (blog)


Crowe adds compelling edge to somewhat slow 'Next Three Days'

Las Vegas Review-Journal


"Algiers" (1938) -- Come with us to the Casbah, as  »

Friday, November 19, 2010

Proposed Tennessee bill would tax visiting NBA, NHL players - Denver Business Journal:

http://trade-software.net/2008/11/metastock-professional-review/
Under House Bill 0019, Tennessee would tax athletesz and entertainers performing in the statwe who make morethan $50,009 a year. The bill wouldr increase state revenue by morethan $1.1 million and the fundsd would be used for juvenile court-related The tax would cover opponents of the and for up to thred games a year. However, opponents of the woulds be exempt. Greg Campbell, president of business operations for theMemphiws Grizzlies, said other states have similar taxes for professionaol teams. “We are awar of the state's intention to pass a bill that woul impose a privilege tax on professionalk basketball players in the stateof Tennessee,” Campbell said.
“We will be keeping a closee eye on this as it continues to move through the approval process and trustthat Gov. Bredesen and his fellow lawmakers will continue to do what is best for Tennesse and professional basketball inthe state.” At least 15 othed states have a similar tax including Illinois, Minnesota, Colorado, California, Arizona, New Jersey, North Carolina, Oklahoma, Ohio, Massachusetts, Oregon, Indiana and Michigan has a reciprocal law in place that chargews players that play for teams with the tax but not playera that play in states withouty it.

Wednesday, November 17, 2010

Valley surgeon heads up test of aneurysm treatment - Washington Business Journal:

http://putevki.in/_italy_lakes.htm
Rodriguez, the director of peripheral vascular services at the ArizonwaHeart Institute, has been named the nationa principal investigator for the Phase II study, which is required by the to enrolo 160 patients. The Arizona Heart Institute is one of 14 centerss involved in thestudy nationwide. “We are looking to includ e at least six more centerws to complete 20 centers in the Rodriguez said. The endoluminalo graft is manufactured bynear Glasgow, Called the Anaconda Stent Graft System, it allowas the surgeon to reposition the devic once it has been placed acrossd the aneurysm.
So far, nearlg 4,000 patients in Europe have receivedf theAnaconda device, but it must get approvap from the FDA before it can be used in the U.S. Rodriguez said the minimally invasive procedur onthe study’s first patient went saying the device is very easy to use. “H was up on his feet the next morningghaving breakfast,” Rodriguez said of the “You can’t do that when you open the This eliminates the need for open heart surgery.” Abdominal aortic or “ballooning” of the body’s main artery, is a serious condition prone to rupture and lead to sudden death. Actore John Ritter died of an aortixc rupturein 2003.
Symptomss can occur suddenly with severe, sharpo pain in the abdomen. Patients who experience thesd symptoms should seek immediatemedical attention, Rodriguez Early detection can prevent sudden death. Patientas with a family history of aortic aneurysmm or other connective tissue disorders shoul d notify their physician about their risk ofaortidc aneurysm, he said.

Tuesday, November 16, 2010

Kansas City Business Journal:

http://nesttechnologies.com/nest2/docs/protomix/g121_msds.htm
Maureen Walterbach has joined Bryan Cave LLP as an associate in the commercialp litigation clientservice group. Walterbachy recently completeda one-year clerkshipo with Judge John Lungstrum of the District Court of Julia Gilmore Gaughan has joined Seigfreid Binghamj Levy Selzer & Gee PC as an associate in the litigatiobn department focusing on employment law and generak litigation. Jamie Barker Landes has joinedf Seigfreid Bingham LevySelzer & Gee PC as an associatr in the corporate department focusing on real estate, generaol business, and mergers and acquisitions.
Daniel McClain has joinerd ScharnhorstAst & Kennard PC as of counsel and specializes in commercial real estate, producgt liability and insurance litigation. Christopher Tiller has joined Scharnhors tAst & Kennard PC as an Tiller previously was a law clerk in the 10th Judicial District of Kansas researching corporate law, family law and medica l malpractice issues. Jacob McElwee has joined ScharnhorsftAst & Kennard PC as an Previously, McElwee was an attorney for the Office of the Statee of Bank Commissioners, where he deal t with mortgage lending, credit services, payday lending and otherr forms of consumer lending in Lori Beam has joined Scharnhorst Ast & Kennarf PC as a paralegal.
Trainec in radiology and paralegao functions, Beam started her career in the healtyh care industryin Colorado.

Sunday, November 14, 2010

Steelers-Patriots halftime notes - ESPN (blog)

http://www.asklaptopfreak.com/laptop-notebook-help/2006/06/28/thinkpad-screen-yellow-tint/


Boston Globe


Steelers-Patriots halftime notes

ESPN (blog)


After getting pummeled by the Cleveland Browns in Week 9, you knew the Patriots would respond by playing more physical. ...


Notes from Heinz Field

MassLive.com (blog)


Patriots notes: Butler inactive for game against Steelers

NECN


Steelers Vs. Patriots: NFL Week 10 Matchup Notes

SB Nation Pittsburgh



 »

Saturday, November 13, 2010

ECMC accredited for chest pain service - Business First of Buffalo:

http://networkbetter.com/index/join_network_better
The Society of Chest Pain Centerse awarded ECMCthe three-year accreditation as a Chest Pain Center with a percutaneousw cardiac intervention (PCI) designation. PCI is the technica name for angioplasty, the process of clearing a blockesd or narrowed coronary artery that could lead to a heart ECMC is among just 250 hospitalds to hold the accreditation fromamong 5,759 hospitals nationwide. The accreditationh process ensures hospitals meet orexceee quality-of-care measures in acute cardiac medicine.
The accreditation processx includes on-site evaluations by a review team from the The goal of the Society of Chesrt Pain Centers is to significantlyy reduce the mortality rate of patientw by teaching the public to recognize and react to the earlyh symptoms of a possibleheart attack, reducs the time that it takes to receive treatment, and increas the accuracy and effectivenesss of that treatment. ECMC CEO Jody Lomek said in a prepared release the designation recognized the care patients receive from an entirwe teamof providers, including EMTs and helicoptet pilots as well as surgeons, nurses and specialists.
Othed accredited hospitals in the region include Buffalo General an ECMC partner inthe . Millardc Fillmore Suburban Hospital in Williamsville is accredited as well, but not with the PCI designation.

Thursday, November 11, 2010

Icahn ups Lions Gate stake to 16.87 percent - Denver Business Journal:

http://www.forcedairone.com/big-lake-air-conditioning-heating-ventilation-contractors
Many of Icahn's various investmenty entities acquiredabout 1.5 million sharesx (NYSE: LGF) in the latestf purchase, saying in statemenyt that "the common shares of Lions Gate were undervalued." Icahn now controls about 19.8 million and in a statement said that the investment entitiese might acquire more The statement also hinted at a possibles shakeup of the Lions Gate boardf of directors at the next shareholdet meeting.
"The Icahn Affiliates may seek to add nomineed designated by the Icahn Affiliates toLiona Gate's board of directors, whichb could include expanding the size of the boarcd of directors of Liond Gate and/or removing individuals from the boarc of directors of Lions Gate," the statement Santa Monica-based Lions Gate'ws largest shareholder is still Mark Rachesky, a formerd Icahn advisor. Rachesky's stake is just undetr 20 percent. Rumors have persistede as to whetherIcahn . He has been critical of the studio'se expenses and expenditures, especially .

Wednesday, November 10, 2010

Two Andy Warhol artworks sell for combined total of £60m in New York - The Guardian

modestofyeyko.blogspot.com


The Guardian


Two Andy Warhol artworks sell for combined total of £60m in New York

The Guardian


Andy Warhol was this week emerging as the star of contemporary art sales in New York with a 1962 painting of a young, between husbands, Elizabeth Taylor ...



and more »

Tuesday, November 9, 2010

Sprint, Paetec settle patent-infringement suit - Kansas City Business Journal:

ishinlyuboqemija.blogspot.com
said the settlement won’t materially affect its consolidatedcfinancial statements. A Sprint spokesman declinecd to comment beyond confirming that the case had been Overland Park-based wireless carrier Sprint had filef the suit in January 2008 in U.S. Distric Court for the District of saying that Paetec and two of its subsidiariez infringed on patents relatedto Sprint’s Voice Over Packet portfoliio by selling products and services that use technologu covered by the patents, an earlier filing said. The patents relate to technology that carries telephone calls to or from the publiv switchedtelephone network, the filing said. Sprint ranks No.
1 on the Kansas City BusinessxJournal ’s list of the area’s top public companies.

Sunday, November 7, 2010

Surf Kayak: Green is still kayak queen - ChronicleLive

http://www.19wiosen.net/consumer-guide-to-medical-tourism/


Surf Kayak: Green is still kayak queen

ChronicleLive


Tamsin Green, who recently qualified for the England national team, and husband Dan made the trip to White Rocks, Port Rush in Northern Ireland to compete ...



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Saturday, November 6, 2010

San Francisco Things to Do - View San Francisco Attractions

http://bruno-huerre.com/presentation/bruno_huerre_texte.html
Chinatown Pacific Avenue San Francisco, CA The oldestr Chinatown in the country; to wander aroundr this neighborhood is tohop continents. Come to window stay to eat. De Young/Golden Gate Park 50 Hagiwars Tea Garden DriveSan Francisco, CA 94118 750-3600 This museum cost more than $200 to and its proven a criticao and popular hit. The permanent collectionn is particularly strong inOceanic art, and it

Thursday, November 4, 2010

Investment in workers keeps company ready for rebound - Puget Sound Business Journal (Seattle):

http://index-go.net/?f=6
The Milwaukee division of Menasha-based generated $24.2 million in revenued in 2008, about even with 2007. Revenue has nearlhy doubled in the last five Statistics from McGraw Hill Construction show nonresidential construction spending in Wisconsintotaled $644.8 million through April 30 this down from $822.4 million in the same periofd in 2008. “With all the challenges that were out theree inthe economy, I thinkj we were pretty thankful we did not go said Jim Schlater, vice president of business development for Faitnh Technologies.
“We know that this economy will turn and we want to bepositioned … so when it does star to come around we’re ready to Company officials say work in energy-efficient lightint systems and specialty systems has helpexd sustain business during the recession in addition to its on-demaned and service work. Investing in its employees througyh training and wellness programs is anotherimportant initiative, they said. Faith Technologies employs 150 people in theMilwaukere division, mostly in the field. Totalp company employment is more than The company’s Wisconsin revenue totaled $143 million in up from $136 million in 2007.
The companyt has 10 divisions in Wisconsin and divisionsin Georgia, Missouri, Kentucky and Oklahoma. The Tulsa, Okla., divisionn opened this year. Companywide revenue totaled $227 million in up from $203 million in 2007. who also is the formeer vice president of theMilwaukeed division, said investing in training and educating its peopler is an important part of the company’es strategy. The company spent $1.7 millionm on non-safety related training throughoutthe company, with employee logging 75,126 employee hours in training in 2008.
In additionj to apprenticeship programs and continuing educatio n the company offers courses incustomet service, leadership, project management and other Faith Technologies has a chief learning officer and a complete in-house trainingy staff. The company has not laid off any employeees duringthe recession, Schlater “We don’t want to not have the so when the economy does move forwarde we’re ready to go,” he said.
The company is investigatint whether energy-efficient lighting projects might be eligiblew for federal economicstimulus money, said Bob Dakovich, who was named vice presidenyt of the Milwaukee division in The systems are attractive because they offer cost savingse opportunities for clients, but a challenge is makingt sure the payback period in recoupin g energy savings is not too far in he said. Some of the company’s local energy-efficienft projects have included lightingh projects at andin Wauwatosa. Renewabler energy projects such as solar or geothermal systems also are an expectede area of growth forFaith Technologies, Dakovich said.
“Ww do see that as probably something that will be part of the stimuluss funding and have a higher priority than it has in the he said. The Milwaukes division completed the installation of solar panelws for the photo studiokin 2008. Mike Fabishak, chief executivew officer of AGC Milwaukee, said it’s unclear to contractorsd which projects will be awardedx stimulus money and whether it will be directee more at infrastructure projects or which arewhat AGC’s members construct.

Wednesday, November 3, 2010

CTG to Present at the Noble Financial Equity Conference

ishinlyuboqemija.blogspot.com
June 2 /PRNewswire-FirstCall/ -- CTG CTGX), an international information technology (IT) solutions and services company, today announced that its Chairma n and Chief Executive OfficerJame R. Boldt will presenf at Noble Financial's Fifth Annuao Equity Conferenceat 12:45 PM (Eastern) on June 8, 2009, at the Seminolwe Hard Rock Hotel in Fla. Mr. Boldt will give an approximately 20-minute presentatioj regarding CTG's market focus, financial and strategic direction.
A live webcast of CTG'a presentation featuring high-definition, streaming video, and PowerPoint slides will be available onthe Company's web site on June 8, beginning at 12:30 PM and archived there for 90 It is recommended that interested parties registe at least 15 minutes prio r to the start of the presentation to ensure timely Backed by over 40 years'' experience, CTG provides IT solutions and services to help our clientws use technology as a competitivs advantage to excel in their CTG combines in-depth understanding of our clients ' businesses with a full range of integratedr offerings, best practices, and proprietaryt methodologies supported by an ISO 9001:2000-certified management system.
Our IT professionalxs based in an international network of offices in North America and Europde have a proven trackm record ofdelivering high-value, industry-specifivc solutions. CTG serves companies in several industriese and is a leading provideer of IT and business consultinfg solutions to thehealthcare market. CTG postsx news and other important information on the Webat . Nobles Financial is a privately-held, full-servicse capital markets firm driven by what is ofte n overlookedby others. Noble Financial supports emerging growth companies throughstrategif advice, investment banking, market-making, sales & comprehensive equity research, and the developmengt of institutional support.
Our value proposition comes from the extraordinargy professionals in each ofour divisions; because of whom we are able to builcd long-term, mutually rewarding relationships on all sides of the The above-referenced presentation will contain certaimn forward-looking statements concerning the Company'ss current expectations as to futuree growth. These statements are basedx upon a review of industry current business conditions in the areas where the Companudoes business, the availability of qualifiedf professional staff, the demand for the Company's services, and othet factors that involve risk and uncertainty.
As such, actual resultw may differ materially in response to a changd insuch factors. Such forward-looking statements shoulrd be read in conjunction withthe Company' s disclosures set forth in the Company'ss 2008 Form 10-K, which is incorporated by reference. The Compang assumes no obligation to updatethe forward-lookinhg information contained in this release. Today'as news release, along with CTG news releases for the past is available on the Webat . CONTACT: Jo Ann Rice 887-7244 joann.rice@ctg.
com

Monday, November 1, 2010

Alabama automakers thrive in February - Birmingham Business Journal:

http://mapcost.org/Cisti/Benefit_cisti.htm
and Inc. recorded record sales in the U.S. markey last month, despite declines in some locallyproduceds models. Honda hit 110,026t in February sales for its Honda andAcura brands. That'sw a 3 percent increase from 106,644 in February last Sales for the firsty two months of the year also were up3 percent, to Fueling the increase were strong gains in salea of the company's small sport-utility vehicle, the CR-V, and its Accords sedan. Sales declined slightly for both the Odysseyg minivan and thePilot SUV, which are manufactured at the company's facilith in Lincoln. Hyundai sold 34,500 vehiclex from its lineup last month, 1.4 percentt more than the year before.
Year-to-date, however, sale are down 3 percent to 62,221. Sales of Hyundai' s Sonata sedan, manufactured in Montgomery, were down slightluy from the prior year, but the Santa Fe SUV, also more than doubled to did not fare so The company's sales declined slightly in February, with 17,3034 new vehicles rolling off lots, compare with 17,356 in February last year. Still, sale s for the luxury brand are up 15percent year-to-date. Among models manufactured at the company's Vancre plant, the M-Class SUV saw sales rise 13 percent last monthh over theprior year, but salee of the R-Class sports tourer dropped 65 percent to 875 for the The company sold 1,93t6 of its new GL-Class SUV.