February 13, 2008

 

 


SEATTLE INDUSTRY BULLETIN

 

Seattle Industry web site

 

Everything You Were Afraid To Ask
The long-dreaded SODO construction crunch will begin soon as construction finally gets underway on a slug of major transportation projects. Learn about construction schedules, detours and mitigation plans at Thursday's meeting of the Duwamish TMA, starting at 8 a.m. The projects will disrupt the Alaskan Way Viaduct, the Spokane Street Viaduct, 1st Avenue South, Lander Street and related roadways. The TMA meets at 5509 1st Avenue South in Georgetown. If you haven't attended before, directions are available at 206-762-2470.

Good Times, Bad Times
The economic news may make you feel like hiding under the bed. If so, take along a flashlight and copies of today's Seattle Times and Post-Intelligencer.

Both are full of stories about layoffs and plummeting sales at Seattle financial and biotech companies. But the P-I business page includes a remarkable Aerospace Notebook column by James Wallace about enormous changes that are brewing among U.S. airline companies. You can read the whole thing at this link.

In a nutshell, a number of major U.S. airline companies are considering mergers because of difficulties going back to 9/11. Once the merger -- or mergers -- take place the new companies will have to buy hundreds of new airplanes to replace their aging fleets.

Airbus may face an uphill fight for these mega orders because of the many historic ties between U.S. carriers and The Boeing Company. So, when you hear about Boeing's enormous existing backlog of airplane orders
now valued at somewhere near $200 billion the stratospheric figure could easily go much higher because the US and North America still comprise the world's largest market for commercial airplanes.

Maybe we should throw a party. Which brings up another story in today's P-I about a celebration that was recently thrown by Cell Therapeutics, a Seattle biotech firm. The party was incredible for three reasons:

A) Poor sales forced Cell Therapeutics to lay off 30 people in January as part of its drive to cut operating costs by 35%;

B) The company held the party anyway to celebrate its acquisition of a new lymphoma drug, Zevalin, and

C) The blowout at the Paul Allen Experience Music hall cost $30,000.

The tab included the fee for bringing in an all-girl rock band from San Francisco named Zepparella. Zepparella performed old Led Zeppelin songs like "Good Times, Bad Times." That was the hit that helped launch the real Led Zep's legendary career, including the band's extremely innovative Led Zeppelin Female Fan Interaction Program, which surviving band members would love to remember, but can't, due to hard-earned memory impairments.

$30,000. Maybe CT should have bought a LZ CD instead and used the remaining $29,990 to buy Boeing stock.

Mission to Alberta
The Alberta Opportunity:

  • Over $150 billion in infrastructure projects in the next decade.
  • More than 200,000 new workers expected in the next decade - who will need roads, housing, ad schools.
  • Seattle is less than 90 minutes away by air, less than three days by truck.


The State of Washington Department of Community, Trade and Economic Development (CTED) is leading a building materials and infrastructure mission to Alberta CA,Marh 25-28, 2008.
For more information contact Andrew Crowder at (206)265-6140 or go to.

 

Free Hannover Trade Show
Grow faster globally by attending the largest trade show in the world, Hannover Messe. The Washington State Department of Community, Trade and Economic Development (CTED) is leading a business mission for industrial mand equipment companies to Hannover, Germany, April 19-25, 2008. CTED will pay for the participation fee - you pick up the travel costs.
For details contact Andrew Crowder at (206)265-6140 or go to here.

 

 

 

Contents
Good Times, Bad Times
Everything You Were Afraid To Ask
Free Hannover Trade Show
Mission to Alberta

 

 

Next MIC Meeting
February 26, 2008
3:30-5:30
MIC Conference Room
5509 1st Ave S
Seattle
, 98108

 

 

 


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