Seattle online local advertising company Marchex could see its revenue further eroded due to the recently announced advertising partnership between Microsoft and Yahoo, with CFO Michael Arends pointing out potential issues in a conference call this week, reports Domain Name Wire.
Onvia, which provides an online service to connect businesses with government contracts, said that its revenue increased 21 percent during the second quarter to $6.2 million as its clients base grew five percent to 8,500. The Seattle company also trimmed its net loss for the second quarter to $197,000.
In a story from TheStreet.com titled "Honey I Shrunk the Tech Sector," Seattle entrepreneur and venture capitalist Martin Tobias predicts more tech M&A deals in the near future.
Bothell biotech Scolr Pharma saw revenues decline 17 percent to $230,789 during the second quarter as royalty payments from Perrigo fell. The company -- which finished the quarter with $3.1 million in cash and cash equivalents on the books and is looking at ways to reduce the burn rate -- saw its net loss decrease 26 percent to $1.6 million.
Comcast said it plans to begin reselling its WiMax broadband Internet service -- dubbed HighSpeed2Go and currently available in Atlanta and Portland-- in Washington state, Philadelphia andChicago this year.
Rosetta Inpharmatics founder Stephen Friend -- who is in the midst of creating the new Seattle non-profit Sage Bionetworks -- is the subject of a detailed Xconomy profile in which he describes how the life sciences non-profit is taking cues from the open source software movement.
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