Profits and Prophets: February
From February 2006
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by Art Garcia
Oleg Kaganovich, SARTA’s CEO, refers to local companies as being in the “life science” sector, rather than biotech. He believes life science, which also includes makers of medical devices, will continue to be one of the two industries with the greatest potential for this region. Green energy/clean technology is the other.
Among the players: West Sacramento’s privately held Lipomics Technology (Baby Blue Chips Dec. 2004) and ThermoGenesis Corp. (Nasdaq: KOOL) of Rancho Cordova (Baby Blue Chips May 2005).
Kaganovich says ThermoGenesis is one of the two fastest-growing publicly held tech companies in the SARTA index, boosted by a jump of about $40 million in its market cap in last year’s third quarter. He cites SureWest, the Roseville-based independent telecommunications holding company (Nasdaq: SURW), as the other.
Life in Life Science
The Sacramento Area Regional Technology Alliance index rose 2.7 percent in 2005’s third quarter, thanks to gains in stock prices and hiring. The index tracks the region’s tech industry, including its still small but slowly growing biotech sector of mostly privately held companies.Oleg Kaganovich, SARTA’s CEO, refers to local companies as being in the “life science” sector, rather than biotech. He believes life science, which also includes makers of medical devices, will continue to be one of the two industries with the greatest potential for this region. Green energy/clean technology is the other.
Among the players: West Sacramento’s privately held Lipomics Technology (Baby Blue Chips Dec. 2004) and ThermoGenesis Corp. (Nasdaq: KOOL) of Rancho Cordova (Baby Blue Chips May 2005).
Kaganovich says ThermoGenesis is one of the two fastest-growing publicly held tech companies in the SARTA index, boosted by a jump of about $40 million in its market cap in last year’s third quarter. He cites SureWest, the Roseville-based independent telecommunications holding company (Nasdaq: SURW), as the other.
Mixed Rx
Continued...The Magazine
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Community Comments