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TECHNOLOGY: Lauds Avago boss Tan, eyes Intel’s crown
Broadcom Corp. cofounder Henry Nicholas has high hopes for the chipmaker as it heads toward the new leadership and financial muscle expected to come with a proposed $37 billion sale to Avago Technologies Ltd.
Jinsong Ni isn’t too worried about the pink slip he got from Allergan last week, perhaps because he has a PhD in chemistry and years of experience on the nonclinical side of the drugmaker’s R&D—the sort of early-stage investments it pledged to cut at its Irvine HQ amid a hostile takeover bid by Valeant last year.
TECHNOLOGY: Gets nod on Apple’s hub for connected home
Irvine-based Insteon is among the first companies handpicked by Apple Inc. for the initial lineup of its much-anticipated HomeKit, which offers consumers a selection of services for connected home devices.
Fountain Valley-based Kingston Technology Co. sold a subsidiary to Shenzhen Kaifa Technology Co. in China.
Pieces Conceived With Singer’s Wardrobe in Mind
Volcom Inc. in Costa Mesa has turned to the singer of indie rock band Grouplove to design its latest women’s collection.
2nd Recent Buy Here for Avago Technologies
Orange County has become fertile ground for the chip sector’s ongoing consolidation in the past few years, highlighted by Broadcom Corp.’s record-setting $37 billion sale to Avago Technologies Ltd.
Experian PLC has hired Barry Libenson as chief information officer, a newly created position for the global information services company, whose North American business is headquartered in Costa Mesa.
Fountain Valley-based Kingston Technology Co. has sold a subsidiary to Shenzhen Kaifa Technology Co. Ltd. in China.
Irvine-based chipmaker Broadcom Corp. has agreed to be acquired by Avago Technologies Ltd. for $37 billion.
University of California-Irvine plans to enroll its first undergraduates this fall in a new bachelor’s of science program in data science. UC Irvine is the first UC campus to offer the degree.
Shares of Broadcom Corp. surged in afternoon trading Wednesday amid media reports that the Irvine-based chipmaker is in negotiations to be acquired by Avago Technologies Ltd.
Irvine-based IT provider Neudesic LLC has acquired Anaheim competitor Web4, which specializes in enterprise content management and human resources software.
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.
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.
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.