Tech Web site calls Seattle sixth most affordable U.S. city

Herald staff

SEATTLE — Seattle is the sixth most affordable city for technology professionals, according to techies.com, Inc. And, while technology professionals living in the Bay Area and New York City lead the nation in salaries, technologists in Seattle have almost twice the discretionary income.

A national network of online career resources, techies.com, factors tech salaries against the cost of living index in its Affordability Index. Austin and Dallas topped the list as most affordable with California’s Silicon Valley and New York City rounding out the bottom.

ICOS offering set: ICOS Corp. announced Wednesday that it has filed with the Securities and Exchange Commission for a proposed public offering of 5 million primary shares of common stock. The Bothell biotechnology company expects to raise about $228.6 million in net for product development, clinical research, acquisitions, working capital, capital spending and other purposes.

Wednesday’s prices: Gold sold for $272.75 a troy ounce, silver for $4.92 and platinum for $593.00.

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Video store reorganizing: Video Update plans to continue normal operations as it undergoes a Chapter 11 bankruptcy reorganization, according to corporate officials. There are more than 650 Video Update stores in the United States and Canada, including stores in Everett, Lynnwood and Mukilteo.

Theater chain regroups: The parent company of the General Cinema theater chain filed for a bankruptcy reorganization, and two top executives resigned Wednesday as the chain struggles to compete with a host of new "megaplex" cinemas. It plans to close 17 theaters with 108 screens this month. General Cinema’s Everett Mall theaters will not close, a spokesman said.