Orange County Business Journal

TECHNOLOGY

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

Analysts in Holding Pattern on Facebook’s Oculus Buy

Prescient Move or Fateful Bet on Virtual Reality?

Wall Street appears to be taking a wait-and-see approach on Facebook Inc.’s $2 billion cash and stock buy of Irvine startup Oculus VR Inc.

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Irvine Software Firm Draws Palo Alto Private Equity

A private equity firm in Palo Alto has acquired a majority stake in Irvine-based software developer AutoAlert Inc. Terms of HGGC LLC’s investment weren't disclosed.

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Florida Company Buys Irvine IT Unit

An information technology provider in Florida has acquired the Irvine operations of Reston, Va.-based GovPlace, which sells IT equipment and related services to local, state and federal government agencies.

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Mazda Taps Mitsubishi for Solar Panels at Irvine R&D Center

Irvine-based Mazda North American Operations' research-and-development facility recently added solar panels to its rooftop in a move that brought two big names in Orange County together.

Facebook’s OC Focus

$2B Deal on Heals of Google Hookup With Oakley

Orange County gave Silicon Valley and the rest of the world plenty to talk about in a 24-hour burst last week.

Luck Didn’t Hurt

Shutterbug Built Olloclip Business With Persistence, Help From Unforseen Events

Three years ago, Patrick O’Neill was making the final tweaks on a prototype double-sided camera lens that users could attach to their iPhone 4s.

Zuckerberg’s Reality

Facebook Inc.’s eye-popping $2 billion acquisition of Irvine startup Oculus VR Inc. is a long-term bet on the future of computing, Mark Zuckerberg told analysts last week.

Call Your Mom!

Incipio’s Fast Growth Keeps Fathollahi Busy

Andy Fathollahi characterized Incipio Technologies Inc. as “the famous case maker that makes everything and cases.”

ADDENDUM -- Week of March 31

The Defense Advanced Research Projects Agency in Arlington, Va., awarded Boeing Co.’s operations in Huntington Beach a $30.7 million contract to support development of a system to use aircraft for satellite launches at a cost savings compared to rocket-fueled launches.

FirmGreen Praises Ex-Im Bank on Trash-to-Gas Project

Company Built Energy Station at Brazil Dump

The chairman and president of the Export-Import Bank of the United States was in Orange County this month to get an update on a Newport Beach-based company’s large-scale project to convert methane gas into clean energy at one of the world’s most notorious garbage dumps.

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Marlan Bourns: Engineering Innovator, Newport Beach Resident

Newport Beach resident Marlan Bourns, whose inventions were instrumental in the Apollo 11 moon landing and Mars Rover expedition, died earlier this month at the age of 93.

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Facebook to Pay $2B for Irvine Startup

Irvine-based start-up Oculus VR Inc. has agreed to a $2 billion sale to Facebook Inc.

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Miven Portfolio Company Goes Public

A company in the portfolio of Newport Beach-based entrepreneurs Victor and Janie Tsao remained slightly above its initial price of $15 per share today, with a market value of about $156 million.

Wall Street Backer for Cruttenden’s Main Street Micro-Investing App

FINANCE: Looks to link mass market, money managers

Walter Cruttenden, an investment banking pioneer in Orange County, has secured $5.5 million in funding from a Wall Street fund manager to bring his latest business venture to market.

Acacia Bruised in Past Year But Expects Rebound

TECHNOLOGY: Rugged run wiped out 45% of market value

Three straight disappointing quarters for Acacia Research Corp. has zapped 45% of the company’s market value, leaving it at $789 million as of late last week, but executives say they’re confident it will bounce back through pending patent lawsuits.