Orange County Business Journal


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

OC Broadcom Office Bears Brunt of Cuts

San Jose-based Broadcom Ltd. will slash nearly 700 employees in Irvine as part of a nationwide cost-cutting plan under Chief Executive Hock Tan.

Cove Fund Vets Diabetes Device, Cell Phone Filter

Angel Investors Start Due Diligence on Pair of Startups

The Cove Fund I selected two startups to move on to the next stage—due diligence—after hosting a pitch session on Jan. 26.

CareTrust Ups Credit, Pays Off Debt, Buys Properties

Wants to Focus on Buys Pipeline Without Equity

San Clemente-based CareTrust REIT Inc. is keeping itself busy as February unfolds by reworking its credit, paying off debt and making deals.

California Fantasy Sports Regulation Bill Advances

Would Introduce Player Vetting, Operator Licenses

Daily fantasy sports operators and fans in California notched a big win at the state legislature late last month that would pave a path to regulating a booming segment of the gaming world.

Broadcom’s Campus Moves Forward on Piecemeal Basis

Not Everything in Works In First Phase of Campus

Recent job cuts at Broadcom Corp.’s local operations following its sale to Avago Technologies Ltd. appear to fall in line with the construction seen so far at the chipmaker’s new office campus being built at Great Park Neighborhoods in Irvine.

Fast-Growing Startup Looks to Speed Up

TELECOM: Ultra Mobile tops $150M in revenue in third year

A Costa Mesa-based startup is rolling out two brands to complement its booming international calling card business.

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VCs Put $140M in OC High Tech in Q4

High-tech companies in Orange County scored more than $140 million in venture capital funding in the fourth quarter of 2015, according to numbers released Thursday by the Irvine office of real estate brokerage Jones Lang LaSalle.

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Ingram Micro Buys in Europe

Irvine-based Ingram Micro Inc. plans to buy the Central and Eastern European operations of Moscow-based RRC Group, a distributor of networking and telecommunications equipment.

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Activision Shares Down on Miss

Shares in Activision Blizzard Inc. fell after it reported results that missed analyst forecasts for revenue and earnings.

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Time Inc. Buys Irvine Ad Tech Firm

Irvine-based advertising technology company Viant Inc. was bought by Time Inc. in New York on undisclosed terms.

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Big Job Cuts at Broadcom

San Jose-based Broadcom Ltd. will slash nearly 700 employees in Irvine as part of a nationwide cost-cutting plan under Chief Executive Hock Tan.

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Laptop Accessories Supplier Acquired

Anaheim-based Targus Group International Inc. was acquired by its lenders for an undisclosed amount in a foreclosure sale on Feb. 1.

Manufacturer’s Recent Buy to Boost Sales by 50%

TECHNOLOGY: LoJack adds to satellite-heavy CalAmp’s line

CalAmp Corp.’s latest acquisition strengthens the company’s long-running diversification strategy crafted by Chief Executive Michael Burdiek.

Ambry Genetics Adds Test Lab in Aliso Viejo

Genetic testing provider Ambry Genetics Corp. will open a new, 65,000-square-foot laboratory across the street from its Aliso Viejo headquarters this month.

Convenience, Security Drive Call for ‘Smart’ Homes

Buyers Now Want Practical Innovation in Retrofits

A recent survey by Coldwell Banker reveals that the growth curve of connected-home devices, such as smart thermostats, door locks, smoke detectors and light switches, is on track to beat that of smartphones and tablets over the next five years, expanding from 20.7 million units in 2014 to 35.9 million units by 2017.