Orange County Business Journal


Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

Oculus Denies Infringement Claims

Irvine startup Oculus VR Inc., which is set to be acquired by Facebook Inc., has denied charges made by a Maryland video gaming company that it infringed on key technology that powers its breakthrough virtual reality headset.

By Chris Casacchia May 6, 2014 8:09 a.m.   Share
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Western Digital’s June Quarter Beats Wall Street

Irvine-based storage products maker Western Digital Corp. on Wednesday reported revenue and adjusted profits in the June quarter that beat Wall Street expectations.

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Jackson Asks for Broadcom’s Data on Race, Gender of Employees

Irvine-based chipmaker Broadcom Corp. is among the latest large technology companies to be pressured to provide employment data on race and gender as concerns rise over diversity in the influential sector.

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NB Investor in $3M Deal for App Developer

Newport Beach-based private equity investor Kodiak Capital Group LLC has made a $3 million commitment to fund Eventure Interactive Inc. in Costa Mesa, a developer of social communications-oriented mobile applications.

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Ingram Beats Revenue, Profit Targets in Q2

Santa Ana-based Ingram Micro Inc. on Thursday reported second-quarter revenue and adjusted profits that beat Wall Street expectations.

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Newport Corp. Buys Israeli Laser Maker

Irvine-based Newport Corp., which makes lasers and related equipment, has acquired an Israeli company that specializes in fiber lasers.

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Broadcom Offers Some Details on Baseband Cuts

Irvine-based chipmaker Broadcom Corp. plans to cut about 20% of its workforce and consolidate or close 18 locations around the world as part of a restructuring plan prompted by the wind down of its unsuccessful baseband business.

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Broadcom Shares Up on Q2 Report

Irvine-based chipmaker Broadcom Corp. said it earned an adjusted net income of $406 million or $0.65 per share in the second quarter, excluding one-time charges.

Toba Rolls Ahead With String of Exits, IPO

FINANCE: Smith’s VC firm backs up talk of fast start, OC investments

Toba Capital, the Irvine-based venture capital firm launched by former Quest Software Inc. Chief Executive Vinny Smith, is on a roll with three recent exits and an initial public offering topping $100 million apiece.

Oculus Cancels Some Headset Orders

Irvine-based Oculus VR Inc. canceled some preorders for its Rift VR DK2 headset after finding them for sale on eBay and other ecommerce sites.

Fresh Roxy Style at the Beach—Venice Beach, That Is

New Quiksilver Video Part of ‘Season of Freedom’

Apparel manufacturer Quiksilver Inc. in Huntington Beach has launched a one-minute video, “Loving Lost in Venice.”

Blizzard Designer Exits Company After 17 Years

Pardo Was Lead Artist On ‘Warcraft,’ ‘Diablo’ Games

Blizzard Entertainment Inc. Creative Director Rob Pardo, a 17-year veteran at the Irvine-based video game maker and lead designer on the “World of Warcraft” and “Diablo” franchises, is leaving the company to embark on a new adventure.

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Irvine Publisher Gets Pet Websites

I-5 Publishing LLC in Irvine has acquired San Francisco-based Say Media Inc.’s Dogster and Catster websites, which attract a combined 2.5 million visitors each month, according to the company.

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CoreLogic to Close Charlotte Office

Irvine-based CoreLogic Inc. said it’s closing its Charlotte, N.C. office, cutting 46 jobs.

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UCI Squid Research Could Help on Medical Devices

University of California-Irvine materials science researchers have found a protein in squid skin that could be useful in developing medical devices.

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Oculus Cancels Some Rift Pre-Orders

Irvine-based Oculus VR Inc. has cancelled some pre-orders for its Rift VR DK2 headset after finding them for sale on eBay and other ecommerce sites.