After year of aggressive cuts and refocusing, Standard BioTools looks for acquisitions - San Francisco Business Times

"The Danaher culture is a high-performance culture. That speaks to many, not to others," Egholm said."Having that joined experience of working in a high-performance culture, we speak the same language and have this idea of focusing on where we want to go, the gap and closing the gap, not on weaknesses or people being 'good' or 'bad.'"

The company plans to introduce an imaging system this April that scans five times more sample slides a day and a $20 million stock repurchase program started in November will continue through the end of this year. "The vast majority of tools players over the past 10, 20 years waste money and lose money, and they lose money because they waste money," Egholm said.

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Warren Calls for Ban on Stock Buybacks by Subsidized Semiconductor CompaniesDemocratic and progressive lawmakers are urging the U.S. Department of Commerce to ban corporations that are receiving money from a recent congressional subsidy bill from conducting stock buybacks for at least a decade.
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