Orange County Business Journal

TECHNOLOGY

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

Newport Corp. Sees Potential Amid Tumult in Israel

TECHNOLOGY: Bought fiber laser maker as conflict flared The recent growth of Newport Corp.’s operations in Israel underscores the tenuous balance of investing in a global technology hub that’s under constant threat of warfare.

By Chris Casacchia August 11, 2014 midnight   $$ Share
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Oculus Co-founder Gives $31M

The cofounder and chief executive of Irvine-based Oculus VR Inc. has pledged $31 million to the University of Maryland-College Park to build a new computer science building focused on virtual reality, according to a report.

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PE Firm Invests in Propane Engine Maker

Newport Beach-based private equity firm Solis Capital Partners LLC has made an equity investment in LEHR Inc., a manufacturer of propane-powered engines and tools for home and commercial uses.

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Telogis Gets Funding From VC Firm of Ford Motor Chairman

Aliso Viejo-based software maker Telogis Inc. has secured a strategic investment from a Detroit venture capitalist firm co-founded by William Clay Ford Jr., the executive chairman of Ford Motor Co. and the son of the owner of the Detroit Lions.

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Startup Raises $5M, Enters VR Deal

A Laguna Beach startup that specializes in virtual reality content has raised $5 million from private investors and entered a partnership with Oculus VR Inc. and Samsung in one of the latest developments to hit technology’s hottest emerging consumer segment.

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Microsemi Makes Small Buy

Aliso Viejo-based Microsemi Corp. announced an agreement today to purchase a Santa Rosa chipmaker and also revealed plans to repurchase up to $100 million of its common stock.

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Wozniak to Speak at NAMM

Apple Computers co-founder Steve Wozniak will speak at the National Association of Music Merchants show in Anaheim in January, the association said.

Kaiser Aluminum Beefs Up as Automakers Lose Weight

MANUFACTURING: Shares near all-time high despite soft aerospace

Shares of Kaiser Aluminum Corp. are nearing their prerecession heyday, thanks in part to small-but-growing sales in the automotive sector that have helped the Foothill Ranch-based company power through a stall in its aerospace business.

Contract Electronics Makers’ Job Count Flat Again

Biggest Here Combine For Workforce of 2,728

Local employment growth has evaded Orange County’s largest contract electronics makers for another year, despite a boost in global sales for the industry.

OC’s Gaming Roots Run From Early Versions to VR

Older Firms Programmed Play for Today’s Innovators

Orange County’s influence in the video game industry traces back decades, from trailblazing studios in the early 1980s to today’s innovators of virtual reality.

Long-Anticipated ‘Wasteland’ Game Sequel on Way

Producer Waited 10+ Years To Get Money for Follow-Up

It’s taken Brian Fargo more than a decade to get the band back together for a follow-up release to the smash hit “Wasteland.”

Regulator Charges AirTouch, Ex-Execs in Fraud Case

Alleges They Reported Fake Earnings for Device

The Securities and Exchange Commission has charged Newport Beach-based equipment maker AirTouch Communications Inc. and its former chief executive and chief financial officer with misstating revenue and defrauding an investor.

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Kofax Acquires German E-Signature Company

Irvine-based software maker Kofax Ltd has agreed to pay $34.7 million in cash for Softpro GmbH, a German company that specializes in electronic signature software and services.

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Kia Adds to EV Charging Network

Irvine-based Kia Motors America plans to add 17 “fast-charging” electric vehicle charging stations to its 198 in California to support the Kia Soul EV that goes on sale later this year.

Billabong to Sell Swell.com in Irvine

Australia-based Billabong International Ltd. said it plans to sell its surf apparel retailer Swell.com in Irvine to a consortium of investors in a spinoff that also includes a 51% sale of SurfStitch, its other e-commerce business.

Kia Hamsters Bring on Geek Chic With New Ad

Brains, Female Enter Mix Of Popular Marketing Stars

Ever wonder who designed Kia Motors America Inc.’s first electric vehicle?