GeekWire

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What is GeekWire?
GeekWire is an independent technology news site and online community based in Seattle, Wash. — covering the people, companies and innovations emerging from the Pacific Northwest and impacting the world. Founders John Cook and Todd Bishop bring their popular website to radio life weekends on KIRO Radio.

Latest news from GeekWire

Amgen to shutter giant Seattle waterfront campus

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Biotech giant Amgen says it will close its facilities in the Seattle region ? including its 40-acre waterfront campus on Elliott Bay, inherited with its acquisition of Immunex more than a decade ago. The closure of the sites in Seattle and Bothell, Wash., was announced by the company this afternoon as part of a broader plan to cut between 2,400 and 2,900 jobs across the company, or about 12 to 15 percent of its global workforce. About 660 people work in the company’s Seattle facility, an Amgen spokeswoman said. Amgen says in a statement that it’s “actively engaging in discussions with third-parties about potential future... Read More on GeekWire

Cray shares down 3% after Q2 earnings beat expectations with $85M in revenue

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Seattle-based supercomputer maker Cray beat Wall Street’s expectations with its second quarter earnings report, posting $85.1 million in revenue and earnings of ($0.18) per share. Analysts had predicted $74 million in revenue, with a ($0.30) earnings per share. Still, shares of Cray were down in after-hours trading on Tuesday by more than 3 percent. Revenues for Q2 stayed consistent with last year, and increased by $30 million from the first quarter of 2014. Losses were up $6.5 million from this time last year, and down by $900,000 from Q1 2014. Cray has been busy for the past few months, landing two lucrative contracts with the National Nuclear... Read More on GeekWire

Inside Microsoft’s hackathon: Big ideas and new traditions at a tech giant in transition

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Each fall, for many years, Microsoft employees have bundled up and made the trek to Seattle’s Safeco Field to listen as top executives attempted to inspire them with a vision for the company’s future. Satya Nadella is replacing that tradition with a new one: Under sunny summer skies in Redmond on Tuesday morning, the new Microsoft CEO cranked a siren to start a 38.5-hour hackathon ? bringing together more than 10,000 employees from across the company to work on a wide variety of projects. “This is really new,” Nadella said during his remarks to employees as the event began. “This is a new approach, a new idea, a new... Read More on GeekWire

Zillow to pay up to $150 million termination fee if blockbuster Trulia acquisition falls apart

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Zillow’s whopping $3.5 billion bid for rival Trulia still faces regulatory scrutiny and shareholder approval, hurdles that Zillow CEO Spencer Rascoff said he does not believe will get in the way of the company’s biggest acquisition ever. Even so, if the deal falls apart, Zillow must pay a termination fee of $150 million to Trulia. Under other circumstances, Zillow or Trulia would have to pay a termination fee of $69.8 million, according to a SEC filing released Tuesday. In one scenario, Trulia would have to pay the breakup fee of $69.8 million if it entered into an agreement with another company... Read More on GeekWire

Ex-Diapers.com CEO raises $55M for Jet, looks to battle Amazon with new online ‘shopping experience’

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Amazon.com made a bold move three years ago, buying the parent company of Diapers.com for a reported purchase price of more than $500 million. Last year, technology journalist Brad Stone ? writing in his book The Everything Store ? uncovered some of the heavy-handed tactics that Amazon utilized to take over the fast-growing upstart. Now, the the former CEO of Quidsi ? the parent company of Diapers.com ? is getting back into the e-commerce game in a big way. In a blog post today, Marc Lore writes that his new company ? dubbed Jet ? has raised a $55 million... Read More on GeekWire

Twitter stock surges by 30% after Q2 earnings beat expectations

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Twitter shares are up more than 30 percent in after-hours trading after the social media giant posted better-than-expected second quarter earnings. Twitter beat Wall Street’s predictions for both revenue ($312 million, up 24 percent year-over-year) and earnings per share ($0.02). Analysts expected revenue of $283 million and an earnings per share of -$0.01. The company also reported 271 million monthly active users, up 24 percent from this time last year and up 16 million users from the first quarter. Twitter, which now employs about 3,330, also saw increases with its monthly mobile users, which now sits at 211 million, up 29 percent from last year.... Read More on GeekWire

This battery-powered, auto-shifting bicycle may convince you to sell your car

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Replacing your car with a bicycle is a difficult, and for some of us, an impossible transition. The safety and efficiency of a vehicle is often too much to give up, even though saving money on gas, getting exercise and producing fewer carbon emissions sound appealing. But designers and engineers at Seattle-based Teague are convinced that their latest creation will remove the barriers to becoming an everyday bike rider. As part of The Bike Design Project competition put on by Oregon Manifest that includes four teams from other cities, Teague teamed up with Sizemore Bicycle to build a bicycle of the future focused on... Read More on GeekWire