As Budget Stagnates, Staff Shrinks at NCAR
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THE LISTS ARCHITECTS | OFFICE FURNITURE SUPPLIERS | PROPERTY-MANAGEMENT FIRMS REAL ESTATE An historic cottage looks to the future, 9 STARTUPS All4Staff offering a paperless hire, 5 CONSTRUCTION Brinkman lands fi re dept. contract, 11 THE BUSINESS JOURNAL OF THE BOULDER VALLEY AND NORTHERN COLORADO VOLUME 33 | ISSUE 20 | OCT. 17-30, 2014 As budget stagnates, staff shrinks at NCAR BY YUCHEN WU “We have to think very strategical- from down from its high of 880 in budget and planning offi ce. [email protected] ly about where we invest our money,” 2009. Research power house said Jim Hurrell, director of NCAR. “I think all institutions across the Nestled against the foothills just One of the country’s largest cli- “The reality is we’ve had staff layoffs country that receive federal funding below the Flatirons, NCAR has been mate research facilities, Boulder’s because the budget pressures have for research have been experienc- an international leader in climate National Center for Atmospheric become higher.” ing many of these pressures. It’s not research, as well as meteorology, Research (NCAR,) is struggling to During the past decade, NCAR’s unique to NCAR,” Hurrell said. atmospheric chemistry, and solar- maintain its rich research environ- headcount has varied dramatically, In 2013, NCAR spent $165.8 mil- terrestrial interactions. ment in an era of stagnant budgets according to NCAR’s budget and lion, down about 3 percent from For decades, NCAR, managed by a and a staff that has shrunk to its low- planning office. The agency now $171.3 million in 2009, without con- consortium of universities, has relied est level in more than a decade. employs 804 full-time staffers, down sidering infl ation, according to the ➤ See NCAR, 8 Dream Chaser rerouted after NASA rebuff Private-sector space travel potential boon JOSHUA LINDENSTEIN [email protected] LOUISVILLE - After missing out on a major multibillion-dollar NASA contract, Sierra Nevada Corp. is forging ahead with the Dream Chaser spacecraft pro- gram in a way that wouldn’t have been possible 20, or even 10, years ago. SNC had always planned that its versatile space plane could be marketed for a variety of pur- poses and now, as the market for commercial space transport blos- soms, that planning is paying off, in part because of the company’s other partnerships. If a company has developed good private partners, says aero- JONATHAN CASTNER / FOR BIZWEST space analyst Marco Caceres, Students at Aims Community College will get more it can survive a rejection from scholarship support as part of the city of Greeley’s NASA. ‘COMMUNITY CAPITALISM’ G.Town initiative. Story, page 3 ➤ See Dream Chaser, 6 CONTENTS Briefcase .............................23 Public Companies Business News Digest ..........4 Energy sector mixed .............................................................2 Editorial ...............................30 Real Estate For the Record ....................27 Days to offer dropping ........................................................10 Nonprofi t Network...............24 On the Job ..........................25 Marketing The Eye .................................3 Advertising best method ....................................................21 Time Out .............................26 BizWest is an independent, locally owned business journal. 2 | Oct. 17-30, 2014 BizWest | www.bizwest.com Noble Energy down, while Encana is on the rise Stocks of Local Interest 52-WK RANGE CLOSE YTD 1YR 52-WK RANGE CLOSE YTD 1YR NAME TICKER LO HI LAST* WK MO QTR %CHG %RTN P/E DIV YLD NAME TICKER LO HI LAST* WK MO QTR %CHG %RTN P/E DIV YLD ARCA biopharma Inc ABIO 1.11 2 2.54 1.29 ss s -23.2 -26.1 dd ... ... IBM IBM 172.19 5 199.21 183.52 tt t -2.2 +2.8 11 4.40 2.4 Advanced Energy Ind AEIS 16.00 1 29.15 17.05 tt t -25.4 -4.5 11 ... ... 6 Anadarko Petrol APC 73.60 3 113.51 85.25 tt t +7.5 -5.4 dd 1.08 1.3 Level 3 Commun LVLT 26.40 49.22 38.05 tt t+14.7 +44.7 59 ... ... Array BioPharma ARRY 3.03 1 6.07 3.03 tt t -39.5 -45.1 dd ... ... Noble Energy Inc NBL 58.71 1 79.63 55.57 tt t -18.4 -10.7 26 0.72 1.3 Avago Technologies AVGO 42.45 6 90.88 69.04 tt t+30.6 +66.6 29 1.28f 1.9 Ball Corp BLL 44.78 8 66.53 61.81 tt t+19.6 +41.1 18 0.52 .8 Noodles & Co NDLS 17.15 2 49.75 20.64 ss s -42.5 -55.2 59 ... ... Boulder Brands Inc BDBD 11.01 2 18.46 11.96 st t -24.6 -27.5 cc ... ... 9 Clovis Oncology Inc CLVS 35.33 2 93.33 42.75 tt t -29.1 -15.1 dd ... ... Pilgrims Pride PPC 13.76 33.15 30.98 tt s+90.6 +95.4 14 ... ... Crocs Inc CROX 11.78 1 16.88 11.68 tt t -26.6 -11.7 dd ... ... Rally Software RALY 8.40 1 30.93 9.59 tt t -50.7 -63.8 dd ... ... DigitalGlobe Inc DGI 26.02 1 43.13 26.76 tt t -35.0 -12.9 cc ... ... 2 Dynamic Matls BOOM 15.91 24.00 16.88 st t -22.4 -22.2 28 0.16 .9 Synergy Resources Cp SYRG 8.11 3 14.11 9.37 tt t +1.2 -4.3 37 ... ... EnCana Corp ECA 17.03 3 24.83 18.81 tt t +4.2 +16.5 13 0.28 1.5 Gaiam Inc GAIA 5.16 5 8.76 6.64 st t +0.3 +21.6 dd ... ... UQM Technologies UQM 1.09 1 3.45 1.03 tt t -51.9 -29.7 dd ... ... GlobeImmune Inc GBIM 6.77 3 15.00 8.55 st s -22.6 ... ... ... Vail Resorts MTN 64.47 8 89.99 82.37 st t +9.5 +24.6 cc 1.66 2.0 Google Inc C GOOG 502.80 3 604.83 533.21 tt t -4.5 ... 19 ... ... 8 Hain Celestial Grp HAIN 76.24 104.14 96.93 tt t +6.8 +29.3 35 ... ... WhiteWave Foods Co WWAV 18.50 8 38.12 32.94 tt t+43.6 +76.7 51 ... ... Halliburton HAL 47.60 1 74.33 50.26 tt t -1.0 +9.8 16 0.60 1.2 Heska Corp HSKA 5.60 8 14.58 12.05 tt t+38.2 +104.2 27 ... ... Woodward Inc WWD 38.80 4 55.76 45.45 tt t -0.4 +10.2 19 0.32 .7 *Prices as of Monday. Dividend Footnotes: a - Extra dividends were paid, but are not included. b - Annual rate plus stock. c - Liquidating dividend. e - Amount declared or paid in last 12 months. f - Current annual rate, which was increased by most recent dividend announcement. i - Sum of dividends paid after stock split, no regular rate. j - Sum of dividends paid this year. Most recent dividend was omitted or deferred. k - Declared or paid this year, a cumulative issue with dividends in arrears. m - Current annual rate, which was decreased by most recent div- idend announcement. p - Initial dividend, annual rate not known, yield not shown. r - Declared or paid in preceding 12 months plus stock dividend. t - Paid in stock, approximate cash value on ex-distribution date. PE Footnotes: q - Stock is a closed-end fund - no P/E ratio shown. cc - P/E exceeds 99. dd - Loss in last 12 months. Source: The Associated Press. MarketMarketPulse Pulse MOVING ON UP GETTING STARTED HEDGE FUNDING When you got good grades as a kid, you rushed to show your It’s tough enough to find a job for many younger Americans. Invest Hedge funds keep attracting more money. They invest for pension family, right? CEOs are the same way. Companies sometimes in a 401(k)? Ha. A recent survey done for Fidelity Investments found funds, endowments and rich families, and they pitch themselves as re-jigger the timing of their earnings announcements. After looking that more than half of adults aged 25 to 34 hasn’t started saving for ways to get better or steadier returns than traditional stock and at eight years of data, an assistant professor at the MIT Sloan retirement. The average age of the respon- bond funds. Through August, they attracted $99 billion, according School of Management found that dents was 30, and the to TrimTabs and BarclayHedge. That’s more than they companies that moved up their average salary was have in the first eight months of any year since 2007, earnings releases usually $64,000. before the Great Recession. Hedge funds, though, reported strong results. Those Given that, it have lagged behind both stock and bond indexes this that delayed brought home poor makes sense that year. marks. the top issue Professor Eric So found that survey 2014 returns* the stock returns for companies respondents that accelerated their earnings said that they’re S&P 500 8.3% announcement beat the broad trying to tackle is U.S. gov't, market by 1.3 percentage points saving for 4.3 over the following month. retirement. It beat out investment-grade bonds Companies that delayed reporting paying off credit card debt Hedge funds (HFRI fund their results lagged the market by and paying off student weighted composite index) 3.4 1.3 percentage points. loans. Source: Hedge Fund Research *Data through Sept. 30 AP Clinton Baker, Partner, Adam Sweetman, Kennedy and Coe Sweetman Investments GET THE BUSINESS OUT OF THE OFFICE. At Kennedy and Coe, we have the courage to do something GLHUHQWWRJHWWRQHZSODFHV Even if it means rolling up our sleeves, and our trousers.