January 2010

From this Issue

Challenging conditions provide opportunities to plan ahead.

The confluence of software and wireless technology in the Pacific Northwest has put the region in a favorable position as it moves toward an anytime-anywhere mobile computing society.

After a brutal year, local leading economic indicators are pointing upward, and the next decade looks even more promising.

Washington’s convention business needs a larger trade center, but the state Legislature is holding up the process.

Boeing handed out 60-day layoff notices at the end of October to approximately 500 employees companywide, including nearly 60 in Washington. Boeing announced in January it would cut 10,000 positions from its baseline employment.



Local startup Point Inside has launched an iPhone application that allows shoppers to pinpoint the nearest restroom, coffee stand or JC Penney in malls. Point Inside-led by CEO Kevin Foreman, a former RealNetworks executive-will allow shoppers to browse interactive maps for more than 250 malls in America, including 18 in Washington state.


Frazier Technology Ventures, a venture capital firm launched 10 years ago, will close down after nearly 10 years in business. The firm was unable to raise a new fund and will cease making new investments in startup companies, although it will continue to manage existing investments.

Microsoft cut an additional 800 jobs last fall, bringing the total number of positions eliminated in 2009 to 5,800. Microsoft employed 91,005 globally and 40,244 in the Puget Sound area at the end of September. The recent 800 layoffs include 200 in the Puget Sound region.

In devastating news to local Boeing Co. employees, the aerospace giant announced that it will put its second line for building the 787 in North Charleston, S.C.-not Everett. The decision was a culmination of years of discussing how Boeing would expand its production of the 787 to meet demand for the plane.


Gay travelers get a specialized resource online

The world may lead the U.S. out of recession, thanks to rising exports.

Oasis Diagnostics is working to replace the needle with a swab in the cheek.

President, Washington State University

Washington state has other options if its largest private employer packs up and leaves.

For Steven Goldfarb, jewels are the family business.

Diane Irvine grew up on a farm, which provided the ideal experience to prepare her for her future job… Selling diamonds as CEO of Blue Nile.

Subject: Windows 7 Service Pack 1.

LH"In all modern depressions, recessions, or growth-corrections, as variously they are called, we never miss the goods that are not produced. We miss only the opportunities for the labor-for the jobs-that are not provided."

Businesses get squeezed as the economy shrinks and workers’ compensation rates increase.

Why executives need to overcome their reluctance to use social media.

Why can’t you see any of Washington Trust Bank’s branches in Seattle? It doesn’t need them.