To return the money. The deadline for a response is today. I left a message, and they sent the following statement yet the company has a current market value exceeding 150 million. The intent of this was for business that needed the money. Reporter how and why did quantum qualify in the first place if if they really need this ppp loan. Reporter julie, we know quantum has more than the 500 employee limit. How did the company qualify . As long as we didnt have more that be 500 emmoye ployees given location. So there was an eligibility factor that allowed us to look at location by location. Reporter it seems these companies have a lot of room to get around these requirements. In some industries we have upwards of 1500 employees and still be small. Reporter according to s. E. C. Filings, quantum reported more than 402 million in revenue last year. Records show the ceo made more than 337,000 last year. Plus he was awarded a stock option of more than 1. 9 million. Wasnt really happy about th
Get started with xfinity for thirty four ninety nine a month for 12 months and get xfinity flex a personalized streaming dashboard for all your favorite apps. Click or call today. Tracking this storm and multiple days of showers. 7day forecast looks more like winter than spring. Ill have the details coming up. Saving graduations. One local county gives the green lights to ceremonies with a twist. A rare syndroe many Children Associated with covid19 diagnosed here in the bay area first. What a babys mother and doctors want families to no e. Tesla reopening their fake toir in fremont. What an employee and former employee have to say about it. We now are struggling with tens of billions of dollars budget deficit. California dealing with serious financial fall out due to the coronavirus. The state on monday became one of five western states to jointly request 1 trillion in federal aid for state and local government. A sense of the thrust of the needs that we are all feeling. Here in the ba
Big step. And a big risk. A new rule at the white house. Staff wearing masks. After two people close to the president and Vice President tested positive. Everybody i have seen today has worn a mask. Dr. Fauci telling the New York Times hes due it testify before congress. Opening too soon will result in needless suffering and death. Governor newsom expected teslas factory to start operations next week. Ceo musk said hell start today and is willing to be arrested over it. Live from fremont with the story. I have heard a couple people drive by and yell on how excited they are to be back. A number of people reached out to me with different opinions about being back here at tesla. Tesla is back open right now despite a shelter in place order currently in effect in alameda county. I have spoke with two people they are concerned and are not happy about going back. They dont want to necessarily lose their job. That from former tesla employee. Fearful for her friends who work at the factory. Th
A Silicon Valley engineer is forced to return 86 million he received for ventilators. Federa government deciding who gets a life saving covid19 drug. Doctors are concerned about the lack of transparency through the process. Many businesses reopening today. Not this long time pie shop. The pandemic forcing them busin. Leaders have plans for the post pandemic world. A spring scorcher today. Cooler weather and showers are on the way. Mothers day forecast is coming up. I guess t most most thing washe time within all levels of government. At the state and federal level. How did that cay ys lead it a Silicon Valley engineer scoring an 86 Million Contract for ventilators with no experince in the medical field chl good evening. Thank you for joining us. A deal that seemed too good to be true. That deal has gone terribly wrong. We have the story. Tonight headline in the New York Times he had never sold a ventilators new york gave him an 86 million deal. Shows a background as electrical engineer
The he is linked in shows a background as electrical engineer. High energy guy. He works with him at a net working company. And confirms he has no experience in the medical field. Did he ever have experience with the ventilators. Did you talk about this . No. We didnt. We havent talked about that. 30,000 ventilators. The month of march was tense and chaotic. New york Governor Cuomo scrambled to find ventilators for the coming surge of coronavirus patients. How can we be in the situation people dying because they cant get a ventilator. President trump tweeted. He tweeted back. We can supply ventilators and have someone call me. Urgent. Within days the state of new york had wired him 69 million out of a 86 million contract. New york officials jumped on it and say federal officials told him he was vetted. He shared the by line in the times. A team of volunteers chosen by trumps soninlaw vetted him and and a recommendation went to officials in new york and closed a deal. After he made unus