RealDVD; AdReady; Seattle Genetics earns; and more |
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RealDVD; AdReady; Seattle Genetics earns; and more
RealNetworks and the Hollywood studios head to trial Friday over RealDVD, the software product that allows consumers to make back up copies of DVDs to their computers. Last fall, the studios won an injunction that prevented RealDVD from being sold.
Shares of Seattle Genetics gained nearly seven percent in after hours trading after the biotechnology company posted a 28 percent gain in revenue to $9.1 million. Reuters reports that the company's $27.3 million quarterly loss came in above expectations.
AdReady is embedding its self-service online display advertising solution on the sites of Univision Interactive Media, one of largest Spanish language media companies in the U.S. Seattle's AdReady also provides the customized display ad technology to The New York Times.
Skytap, a Seattle cloud computing startup, has been named to Information Week's Startup 50.
Frozen yogurt retail chain Pinkberry has raised $5.8 million of a $15 million round, according to VentureWire. The Los Angeles-based chain is backed by Maveron, the Seattle venture firm led by Starbucks Chairman Howard Schultz and Dan Levitan.
Apple's app store surpassed the one billion download mark Thursday, a remarkable achievement given that the store was unveiled just nine months ago.
Trinity Ventures, a Silicon Valley venture firm that has been extremely active in Seattle with investments in Likewise Software, Hidden City Games, Wetpaint and Payscale , has raised a $300 million fund that was oversubscribed. It was also an early investor in Blue Nile, Wall Data and Starbucks.
A new report says that nearly 20,000 people worked in the state's life sciences sector in 2006 with an average wage of $81,499. The report, funded by the Pharmaceutical Research and Manufacturers of America, also notes that Washington ranked 8th in venture investments in the sector.
About John Cook
John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
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