Orange County Business Journal


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

Laser Maker Uses Time to Advantage With Board Revamp

Newport Corp. Takes Age Limits as Cue for MakeoverNewport Corp. went to great lengths in the past few years to revamp its board with big names in the science and corporate worlds.

By Chris Casacchia April 20, 2015 midnight   $$ Share
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Broadcom Shares Surge on Takeover Talks

Shares of Broadcom Corp. surged in afternoon trading today amid media reports that the Irvine-based chipmaker is in negotiations to be acquired by Avago Technologies Ltd.

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Neudesic Buys Anaheim IT Provider

Irvine-based IT provider Neudesic LLC has acquired Anaheim competitor Web4, which specializes in enterprise content management and human resources software.

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Jobs Site Gets $1.2M Angel Funding

Mission Viejo-based Jobrivet said today it received $1.2 million in angel funding, and now has raised $1.5 million total, according to cofounder Todd Peets.

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Frost Data Capital Part of Investor Group

Frost Data Capital, a San Juan Capistrano-based investment firm and start-up incubator, joined other venture investors to back Maana, a developer of big-data search engine technology.

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Masimo's $467M Verdict Upheld

Irvine-based Masimo Corp. said today that a federal court in Delaware has upheld a $467 million jury verdict in its favor against a pair of Netherlands-based Royal Philips Electronics NV's units for patent infringement.

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Telogis Gets $25M Investment

Aliso Viejo-based Telogis Inc. has raised another $25 million in venture capital funding.

Meggitt Adds Hires in Irvine to Meet Growing Demand

Orders Up For Military, Aerospace Sensors

The Irvine operation of U.K.-based Meggitt Sensing Systems has been on a hiring push since consolidating its San Juan Capistrano and Londonderry, N.H., outfits less than two years ago.

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Hollywood & Sports Exec to Advise Laguna Beach VR Firm

Hollywood and sports executive and entrepreneur Peter Guber will chair the newly formed advisory committee for Laguna Beach-based virtual reality content provider NextVR.

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Clean Energy Shares Fall on Missed Targets

Shares of Clean Energy Fuels Corp. were down about 2% in midday trading Tuesday after the Newport Beach-based company reported first-quarter revenue and adjusted profits that missed Wall Street expectations.

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OC Dealers Among First to Sell Toyota Hydrogen Car

Toyota Motor Corp. selected two Orange County dealerships—Toyota of Orange and Tustin Toyota—to be among the first eight in the U.S. selling its new Mirai hydrogen vehicle.

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Blizzard Posts Big Subscription Drop

Irvine-based video game maker Blizzard Entertainment Inc. reported a big loss of online subscribers for its flagship World of Warcraft franchise that led to a steep drop in first-quarter revenue and operating profits.

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Ingram Micro Q1 Mixed

Santa Ana-based Ingram Micro Inc. after the close of trading today reported first-quarter revenue that just beat Wall Street expectations, and adjusted profits that narrowly missed estimates.

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Fisker Launches Customer Support Website

Fisker Automotive and Technologies Group LLC has launched a new customer support website for owners of its Karma luxury sports cars.

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UCI Gets Up To $5 Million for Blood Work

University of California-Irvine said it will get up to $5 million over five years from the federal National Institute of Allergy & Infectious Diseases to further develop a bloodstream infection-detection system that speeds diagnosis times and improves accuracy.

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Western Digital Just Misses Forecasts

Irvine-based storage products maker Western Digital Corp. after the close of intraday trading Tuesday reported March revenue and adjusted profits that narrowly missed Wall Street expectations.