SEATTLE — Protalix Biotherapeutics Inc., a pharmaceutical company, said Tuesday its chairman of the board is resigning to recover from an illness.
Carmiel, Israel-based Protalix said Eli Hurvitz is stepping down. Zeev Bronfeld, another board member, will serve as interim chairman effective immediately.
Bronfeld was Protalix’s first investor. He co-founded Biocell Ltd., a biotech holding company, and is a member of the board of several other publicly traded companies.
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Northrup Grumman’s announcement doesn’t come as a surprise – the California company had been complaining ever since the Pentagon issued a draft of its revised guidelines for the contract that it was skewed in Boeing’s favor. If Boeing prevails, it will build a refueling tanker based on the 767 – keeping that manufacturing line open and employing as many as 9,000 people in the Pacific Northwest.
“This was the last chance for the 767 to remain a viable line for many years to come,” says defense analyst Loren Thompson.
“And it looks as though, after a decade-long struggle, Boeing has finally prevailed.”
He says the only thing that could derail Boeing from getting the tanker contract now is if it bids too high or if Congress gets involved and delays the process. He thinks the latter is unlikely. But he also says ten years from now, Northrup may look like the more rational party with its decision to pull out.
“This is a very demanding contract. There’s many potential pitfalls. And Boeing will have to work hard to make money.”
He says the risk for bidders is very high because the request for proposals has 372 mandatory performance requirements and mandates fixed pricing. Thompson thinks Boeing is motivated above all by a desire to keep Northrup’s partner Airbus out of the market. The Pentagon is expected to award the contract this fall.
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SEATTLE — Starbucks Corp. said Wednesday that it will expand sales of its instant coffee overseas this spring while adding packets of it to thousands of retail locations in the next six months.
The company plans to begin selling Via, which comes in a cylindrical plastic sleeve and dissolves in a cup of water, in the U.K. on Monday. It will launch the drink in Japan on April 14.
Starbucks launched Via in the U.S. and Canada last fall, hoping to get a piece of the $21 billion worldwide instant coffee market. It is now available in nearly 15,000 locations, including Starbucks’ stores, Costco, Target, and REI stores.
The Seattle coffee giant now plans to sell the product through grocery stores and other mass-merchants, making it available in 30,000 locations by the end of Starbucks’ fiscal third quarter.
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SEATTLE — Starbucks Corp. said Wednesday that it will expand sales of its instant coffee overseas this spring while adding packets of it to thousands of retail locations in the next six months.
The company plans to begin selling Via, which comes in a cylindrical plastic sleeve and dissolves in a cup of water, in the U.K. on Monday. It will launch the drink in Japan on April 14.
Starbucks launched Via in the U.S. and Canada last fall, hoping to get a piece of the $21 billion worldwide instant coffee market. It is now available in nearly 15,000 locations, including Starbucks’ stores, Costco, Target, and REI stores.
The Seattle coffee giant now plans to sell the product through grocery stores and other mass-merchants, making it available in 30,000 locations by the end of Starbucks’ fiscal third quarter.
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SEATTLE — Alex Jones scored 21 points, including a key put-back basket late in the game, to help Seattle beat Cal State Bakersfield 76-72 on Saturday.
The Redhawks, who led by as many as 13 in the second half, were on top 74-72 with 21.6 seconds left when Aaron Broussard missed the front end of a one-and-one free-throw opportunity. But Jones rebounded the ball and scored with 16.5 seconds left to give Seattle some breathing room.
Jones shot 4 for 13 from the field but hit a career-high 12 of 16 free throws for Seattle (15-14), which won for the sixth time in the past seven games and moved above .500 for the first time since they were 6-5 on Dec. 15. Broussard and Cervante Burrell each added 12 points.
Stephon Carter had 19 points and Trent Blakley 15 for Cal State Bakersfield (7-21), which lost its third consecutive game.
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RENTON — The Seattle Seahawks will use their franchise tag to retain control of kicker Olindo Mare.
The team announced the move Wednesday. Mare will receive a tender for the average salary of the top five kickers in the NFL or a 20 percent salary increase.
Mare was a model of consistency for much of 2009. He missed only two kicks all season, finishing 24 of 26 to rank third in the league. He made 21 straight field goals and ranked fifth in the league in touchbacks with 22.
But his two misses caught major headlines. Both of Mare’s misses came against Chicago and he was publicly criticized by former coach Jim Mora immediately after the game.
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RENTON — The Seattle Seahawks will use their franchise tag to retain control of kicker Olindo Mare.
The team announced the move Wednesday. Mare will receive a tender for the average salary of the top five kickers in the NFL or a 20 percent salary increase.
Mare was a model of consistency for much of 2009. He missed only two kicks all season, finishing 24 of 26 to rank third in the league. He made 21 straight field goals and ranked fifth in the league in touchbacks with 22.
But his two misses caught major headlines. Both of Mare’s misses came against Chicago and he was publicly criticized by former coach Jim Mora immediately after the game.
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The City Council today heard a very brief statement from the City Manager regarding a citizen’s initiative submitted a few weeks ago that looks to create a Transportation Benefit District and bring streetcars back to Tacoma.
What’d he say? Well … Let’s start with the press release:
Citizens Initiative Submitted To Build Tacoma Streetcar System
(Tacoma, WA)- On February 11, a group calling itself The Committee to Build the Streetcar submitted a citizens petition to the City of Tacoma. The petition was written by longtime streetcar advocates Chris Karnes and Morgan Alexander. Among the goals of the petition are an expanded Tacoma LINK line up Sixth Avenue, the purchase and restoration of an original streetcar that once ran in Tacoma, and the creation of a Transit Commission to help the city make the plan happen.
Funding for the plan would come from a relatively new mechanism called a Transportation Benefit District. Funding would come from a .2 cents per $10 dollar purchase sales tax within the Transportation Benefit District. Currently, Tacoma does not have a Transportation Benefit District.
In 2008, Tacoma residents approved the Sound Transit ST2 ballot measure, which provides over $80 million in matching funds for expanding Tacoma LINK. Those funds have been accumulating for about a year.
The organizers of Tacoma’s “Build the Streetcar!” initiative hope their effort will result in a similar success. “There are a lot of different pieces in play right now,” said Alexander. “There’s ST2, Pierce Transit doing some major introspection, and the City Manager has been busy lining up partners and funding. We feel the time is right for city residents to get involved and help create something amazing for Tacoma’s future.
The organizers will need to gather over 4,000 signatures by the end of summer. An organizing kick-off party is planned for late March.
Those seeing to help gather signatures should contact the organizers: Chris Karnes at 253-267-3754 or Morgan Alexander at 253-228-7271. Or visit their website www.BuildTheStreetcar.com
That took some significant work … However, what we heard in today’s meeting is that the legality of the initiative is very much in question. What’s at issue? Two things came up in our brief hallway conversations:
1) Transportation Benefit Districts can only be created by the legislative authority of a county or city.
2) Without knowing the specifics ourselves, it was stated that the initiative imparts powers to the City Council that it can’t be given.
This Council is one of the most transportation progressive councils Tacoma has ever seen. Maybe there’s another way to get there … We’ll see where this goes next.
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SEATTLE — Quincy Pondexter turned his final home game at Washington into a personal highlight show, scoring 10 points in the first 5 minutes, finishing with 20 and leading the Huskies to a 97-68 rout of UCLA on Saturday night.
With a national television audience watching, Pondexter ripped a 3-pointer from the wing on his first shot and the Huskies steamrolled the Bruins from there. His final home appearance for the Huskies included plenty of chants from fans, a highlight-reel, two-handed windmill dunk on a breakaway and a long final ovation when Pondexter checked out for the final time with 4:25 left.
Isaiah Thomas added 13 of his 17 points in the first half. Washington was up by 23 at halftime and the lead ballooned to as many as 33 in the second half. It was Washington’s largest margin of victory ever over the Bruins.
Reeves Nelson led UCLA with 14 points and Nikola Dragovic added 13.
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SEATTLE — Dell Inc., the third-largest computer maker in the world after Hewlett-Packard Co. and Taiwan’s Acer Inc., reports quarterly results toward the end of the season.
Industry watchers have already heard Intel Corp., the top supplier of the microprocessors that power computers, say consumer PC and server computer chips sold briskly in the fourth quarter while chips for workplace computers did not.
Just yesterday, HP echoed that sentiment.
But in results reported Thursday afternoon, Dell said it saw signs that businesses of all sizes had begun buying computers, too, during the November-through-January quarter.
CEO Michael Dell addressed in a conference call whether the growth could be chalked up to what insiders call the “budget flush,” where companies rush to spend every remaining cent of their annual budget by the end of the calendar year.
QUESTION: Did you see anything in January of February that would make you think strength in the large enterprise division could be chalked up to the budget flush?
RESPONSE: I think we were surprised at how rapidly that business came back in the latter part of last year. And I think we have been pleasantly surprised at how strong it has stayed. You sort of take this on a week-by-week basis, but there is a lot of refresh and a lot of spending that we are seeing. And it is fair to say that the signs are quite encouraging in the day-to-day orders that we see from that business.
So I would say there is clearly some end-of-year effect in that business, as customers had confidence that their budget wasn’t going to change as they got to the end of the year. They said, hey, what do we want to spend, and what do we want to spend that on. It was infrastructure; it was servers; it was storage. And we captured quite a bit of that.
But I think the budgets are in place for this year, and they have a lot of client refresh in them. They have a lot of server virtualization. They have a lot of storage virtualization. And we are well-positioned to go capture that. I think customers are spending with a lot more conviction at this point in the year than they were certainly at this time last year.
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March 9th, 2010
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