Marchex results; Dell and WiMax; RealNetworks; and more |
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Marchex reported Q1 revenue fell to $26.9 million from $37 million a year ago, a drop of 28 percent. The Seattle online search and advertising company reported its Q1 net loss grew to $1.7 million, from a loss of $1.2 million a year earlier.
InfoSpace said its Q1 net loss grew to $5 million, from a loss of $2.8 million a year ago. The Bellevue internet search company said Q1 revenue dropped to $39.1 million from $42.2 million the same quarter a year ago.
RealNetworks is likely to lose the DVD-copying lawsuit brought by the major Hollywood studios, writes Wired's David Kravet in an opinion piece. And while that may be the correct legal decision based on the reading of the The Digital Millennium Copyright Act, Kravet notes that the law is misguided. "RealNetworks is making the silly argument that its RealDVD software does not circumvent encryption technology. But what’s sillier is that RealNetworks finds itself in a courtroom, facing monetary sanctions, for producing a product that should be legal," he writes. Real, for its part, argues that the case is not about a DMCA claim but a contract claim.
Seattle-based Onvia, which helps companies bid for public and private sector contracts, said first quarter revenue grew to $5.9 million, a 10 percent jump from the same quarter a year ago. The Seattle company said its Q1 net loss was $631,000, compared with a net loss of $445,000 the same quarter a year ago.
Dave Dederer, a founding member of the President of the United States of America and the current vice president of business development at Melodeo, has started a new blog called "Music Still Matters."
Cherry
Michael Cherry, an analyst with the Kirkland-based Directions on Microsoft research firm, is working with the Vasculitis Foundation to increase public awareness of Vasculitis, a family of diseases that involve inflammation of the blood vessels, arteries, veins or capillaries. Cherry, a former Microsoft engineer, was diagnosed in 2002 with one of those diseases, Wegener’s Granulomatosis, and has been taking immune suppressing chemotherapy. It's Vasculitis Awareness Week. More: Vascultis Foundation and the Vascultis NW Chapter.
Following the positive results from trials for its Provenge prostate cancer treatment, Seattle-based Dendreon today reported first quarter revenue of $30,000 and a net loss of $15.4 million. It finished the quarter with $91 million in cash, with Xcomony reporting that it plans to raise additional cash and hire up to 60 new employees.
Former Healionics CEO Rob Brown has been named chief operating officer of The Zino Society, a new position for the Seattle angel investment group.
Five reasons why Microsoft should buy Twitter, according to Silicon Alley Insider.
Charter Communications Chairman Paul Allen supports the cable company's bankruptcy plan, according to a report from the St. Louis Business Journal.

Dell plans to offer a $60 WiMax add-on to its Studio 17 and Studio XPS 16 laptops for use on the Clearwire network in Portland and Atlanta, according to a blog post from the PC maker.
Headline of the day comes via The Wall Street Journal: "Busted IPO Market Presents Opportunity For Some VCs."
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The Puget Sound Business Journal announces Social Madness: A Corporate Social Media Challenge, presented by Capital One Spark Business. This a local and national challenge that will spotlight the best social media programs of companies in 43 cities. The local challenge begins (following the nomination period) on June 1, 2012. The promotion will culminate in a national bracket challenge that will crown Social Madness champions in 3 categories based on company size. To see the official rules, visit http://www.socialmadness.com/rules.
For more information on how your company can participate, visit the nomination page here. Nominations are due May 15th.
BizDev Seminar Series - Leadership: Rallying People to a Brighter Future
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