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Thursday, March 25, 2004
Tech Digest
Kirkland's Print Inc. raises $11.4 million
Print Inc., which provides printing, copying and faxing services to companies, raised $11.4 million in equity and debt financing from ABS Capital Partners, Concert Capital Partners and Orix Venture Finance.
Kirkland-based Print Inc. will use the money to expand sales and marketing efforts. The five-year-old company allows companies to centralize purchasing of office equipment and better manage supplies.
$3 million infusion for Vanson HaloSource
Vanson HaloSource, which makes products for the water treatment, biomedical, health care and consumer markets, raised $3 million and named a new chief executive.
The Redmond company also announced a two-year contract with Medline Industries Inc. to license its HaloShield technology for use in odor control in incontinence pads. That deal is valued at $1 million.
John Kaestle, a former executive at Borden Chemical and Weyerhaeuser, was named president, chief executive officer and director. He replaces Jerry Wetherbee, who will remain chairman of the board.
Investors include Alexander Hutton Venture Partners, Buerk Dale Victor LLC and Britannia Holdings.
Micron Technology trims 2nd-quarter loss
Micron Technology Inc., the world's second-biggest maker of computer-memory chips, said yesterday it had a narrower second-quarter loss as sales rose 26 percent and manufacturing expenses fell.
Net loss narrowed to $28.3 million, or 4 cents a share, for the period ended March 4 from $619.2 million, or $1.02, a year earlier. Sales rose to $991 million from $785 million, the Boise, Idaho-based company said.
Snippets . . .
Bellevue's MessageGate Inc., which develops software for controlling corporate e-mail, said it has acquired MessageFire LLP, a provider of spam-blocking software based in Burlington, Mass., in a deal of undisclosed value. ... Redmond's AT&T Wireless Services Inc., the mobile-phone carrier that's being bought by Cingular Wireless LLC, said its subscribers can now exchange text messages with cell-phone users in the United Kingdom. ...
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James Wallace on Aerospace· UPDATE: Air Canada 787s - 30 months late
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