Orange County Business Journal

Electronics Makers See Flat Employment Pace

18 Biggest Companies Add Just Nine Employees

Employment at the county’s largest contract electronics makers was flat over the past 12 months, despite steady sales growth in the industry worldwide.

Incubator Move to OC to Boost Startup Aid Network

Cie Digital Aims For Up To 4 Launches Per Year

Cie Digital Labs’ recent move from Long Beach to Irvine could boost OC’s developing ecosystem of incubators, a mix of real-estate-driven plays, public and private partnerships, and co-working spaces.

South Korea-Based Game Maker Sets Sight on West

TECHNOLOGY: NCSOFT hires 100 in Aliso Viejo

South Korea-based video gaming giant NCSOFT Corp. is pouring big money into expanding its Aliso Viejo operations in a global effort to bring a roster of popular role-playing fantasy games to the West under a new business model.

OC Companies Play Key Role as ESports Grow Up

Much of Play Devoted To Blizzard’s Game Fare

Irvine-based Blizzard Entertainment Inc. and Kingston Technology Inc. in Fountain Valley are at the forefront of one of the hottest trends in the technology industry that’s attracting stadium-size crowds to venues across the globe and millions of online viewers.

Gamer on Cloud 9 as He Rides Lucrative Whirlwind

Players Do What They Love for Big Cash, Fame

Sean Gares is getting ready to leave his Tustin apartment to catch a 2 p.m. flight out of LAX to Germany.

Western Digital Cuts More OC Jobs

Western Digital Corp. eliminated 81 positions from its Irvine headquarters in its second round of layoffs in the past three months.

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Job Cuts at WD

Western Digital Corp. has cut 81 positions at its Irvine headquarters, slightly more than 4% of its local employment base, the company confirmed to the Business Journal.

Regulatory Step Brings Broadcom Sale Closer to Reality

Clears Antitrust Waiting Period, Close Set for Q1

Irvine-based Broadcom Corp.’s pending $37 billion sale to Avago Technologies Ltd. in Singapore has passed one of the first regulatory hurdles.

New Owner, Address for Westinghouse TV Brand

MARKETING: China-based company gets license from CBS

Flat TV designer and marketer Westinghouse Digital LLC has relocated its headquarters from Orange to the eastern edge of Los Angeles County and changed its name, the company confirmed to the Business Journal.

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QLogic Makes Leadership Changes

QLogic Corp. this morning announced that two women will take the top management posts of the Aliso Viejo-based-based networking equipment maker.

Blizzard Gains Sales Through Its Free-to-Play Games

Revenue Up 13%, WoW Subscribers Down

Blizzard Entertainment Inc.’s evolving business model into free-to-play games has helped the Irvine-based video game maker offset the lowest subscription count for its flagship World of Warcraft franchise in more than decade.

Telecom’s Job Cuts Pull Down Local Industry By 6%

Verizon Trims 1,000 in OC, Leads to 2nd Drop in a Row

A companywide restructuring fueled the second straight year of significant job losses among Orange County’s largest telecommunications companies.

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Ultra Mobile Tops Inc. 5000

Costa Mesa startup Ultra Mobile has zoomed to the top of the list of the 5000 fastest growing private companies in the U.S., according to Inc. Magazine.

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WD Names New Chairman

Former Western Digital Corp. Chairman and Chief Executive Matthew Massengill will regain the top board seat following the retirement of Tom Pardun later this year, the Irvine-based storage products maker announced.

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Toshiba America Boss Adds Duties in NC

TECHNOLOGY: Takes on oversight, board seat for TGCS

Scott Maccabe will oversee a big strategic shift that aims to leverage two of Toshiba Tec Corp.’s largest U.S. business units under a new leadership role.

Auto Hackers Could Drive New Microsemi Line

TECHNOLOGY: Chipmaker bills 2 offerings as more secure

Aliso Viejo-based Microsemi Corp. has entered the auto market with two chip offerings as car manufacturers wrestle with mounting security concerns over data breaches and hacking attacks.

More of Vizio’s Ownership Revealed in IPO Filings

Minority Owner Details; Founder Wang Has 54.7%

Regulatory filings from Vizio Inc.’s planned initial public offering uncovered several unknowns behind the Irvine-based consumer electronics brand.

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Clean Energy Misses Q2 Targets

Newport Beach-based Clean Energy Fuels Corp. reported revenue and adjusted profits in the second quarter that missed Wall Street expectations.

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Newport Corp. to Cut Jobs

Newport Corp. will lay off workers and take other cost cutting measures, the Irvine-based company announced at the close of intraday trading Tuesday, after missing revenue and profit targets for the June quarter.

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Toshiba Exec Adds Role

Scott Maccabe, the president and chief executive of Irvine-based Toshiba America Business Solutions Inc., has taken on the same dual role for Toshiba Global Commerce Solutions Inc., which makes installed retail point of sale systems.

Vizio’s IPO Plan Calls for Wang to Keep Control

MARKETING: Electronics brand aims to raise up to $172.5M

Vizio Inc. cofounder and Chief Executive William Wang will retain control of the brand under a plan to take the TV titan public.

Rumblings Could Live Up to Nicholas’ Ambitious Hopes

Talk Picks Up On Other Potential Bidders

Broadcom Corp. cofounder Henry Nicholas set his hopes high after the Irvine chipmaker announced a $37 billion sale in late May to Avago Technologies Ltd.

Security Software Specialist Raises $42M

Irvine-based security software maker Cylance Inc. raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.

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Ingram Micro’s Q2 Profit Beats

Santa Ana-based Ingram Micro Inc. saw shares rise about 10% in Friday trading after it reported slightly higher second-quarter adjusted profits yesterday that also beat analyst estimates, though revenue missed analyst forecasts.

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Broadcom Has Mixed Q2

Irvine-based chipmaker Broadcom Corp. after the close of intraday trading reported second-quarter revenue in line with Wall Street expectations and adjusted profits that missed estimates.

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YL Software Maker Acquired

A Yorba Linda software maker that specializes in survey analysis has been acquired by local investment firm Poplar Capital Partners LLC, which is based in the same city.

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WD Beats on Profit, Revenue in Line

Irvine-based storage products maker Western Digital Corp. after the close of intraday trading Wednesday reported June revenue in line with Wall Street expectations and adjusted profits that beat estimates.

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Cylance Gets $42M

Irvine-based security software maker Cylance Inc. has raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.

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Vizio Files for IPO

Irvine-based Vizio Inc. has filed a registration statement with the Securities and Exchange Commission to raise up to $172.5 million in an initial public offering.

NB Startup Runs Into ‘Hiccups’ With Kickstarter Try

Went Elsewhere After Backers Show Disapproval

A Newport Beach startup has drawn widespread publicity in tech circles for a Kickstarter campaign to bring the world’s smallest Bluetooth headset to market.

Auction Firm Gets Naismith Center Deal

Laguna Niguel-based SCP Auctions was named the official auction and appraisal partner of the Naismith Memorial Basketball Hall of Fame.

Sage North America HQ to Exit Irvine for Atlanta

TECHNOLOGY: Software maker recently consolidated here

Software maker Sage North America is moving its U.S. headquarters from Irvine to Atlanta as part of a global restructuring plan.

Merger Deal Holds TSX Listing for FantasyAces

SPORTS: Founders to keep control with 57.5% stake in site

Aliso Viejo-based startup FantasyAces LLC plans to merge with a company that’s listed on the Toronto Stock Exchange as it seeks capital for its goal of competing at the top level of one of the hottest areas in the entertainment industry.

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Microsemi Posts Record Revenue, Profits in June Quarter

Aliso Viejo-based chipmaker Microsemi Corp. reported revenue for the June quarter that beat Wall Street expectations and adjusted profits in line with estimates.

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Laguna Niguel Auction House Gets HOF Nod

Laguna Niguel-based SCP Auctions has been named the official auction and appraisal partner of the Naismith Memorial Basketball Hall of Fame.

CrowdStrike Seeks Scale In Wake of $100M Round

TECHNOLOGY: Google latest backer for security software maker

Irvine-based security software maker CrowdStrike Inc. aims to embark on an international expansion plan after securing one of the biggest venture capital rounds in Orange County history last week.

Blizzard Game to Toy Hall of Fame

The National Toy Hall of Fame has turned its attention to video games, including the title that made Irvine-based Blizzard Entertainment Inc. famous.

Olloclip Shoots for $100K in Return to Kickstarter

Campaign Focused On Studio System Market Entry

Huntington Beach-based olloclip has launched a new campaign on Kickstarter that builds upon its recent entree into the crowded smartphone case segment.

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Frost Capital, Symantec Launch Incubator

San Juan Capistrano-based investment firm Frost Data Capital has partnered with security service provider Symantec Corp. in Mountain View to create and seed startups in cyber security analytics, Big Data, and Internet of Things markets.

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Irvine Security Software Maker Raises $100M

Irvine-based security software maker CrowdStrike Inc. has raised $100 million in a Series C funding round led by Google Inc.’s capital investment arm, Google Capital.

IT Provider Nears $500M in Sales, Aims for $1 Billion

2K Customers Include Big Names Such as Vizio

Irvine-based IT consultancy and service provider Trace3 is on pace to crack $500 million in revenue this year as it attracts new Fortune 500 customers and builds up regional offices.

Game Developer ‘Geeked’ Over Deal to Supply Oculus

MEDIA: Ready at Dawn takes aim at virtual reality, proprietary IP

Irvine-based game developer Ready at Dawn could get a jump-start on its push to launch its own titles and control content, thanks to its recently struck agreement to develop video games for the highly anticipated virtual reality headset from Oculus VR Inc.

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QLogic Shares Drop on Outlook

Shares of QLogic Corp. have plummeted today after the Aliso Viejo-based networking gear maker slashed revenue and profit targets for the June quarter, citing a bevy of market challenges.

Graphene True Game Changer? OCWD Wants to Know

TECHNOLOGY: Hopes to test Lockheed product by year-end

The Orange County Water District is standing ready to test a new technology under development by Lockheed Martin Corp. that could be a game-changer on water treatment, with the potential to lower costs as municipalities and private businesses search for new ways to secure supplies in drought-stricken California.

New Broadcom Deals Build on China Relationships

Three Ventures Involve Cloud, Set-Tops, Ultra HD

Irvine-based Broadcom Corp., which is set to be acquired for $37 billion by Avago Technologies Ltd., is making a big push in China through strategic partnerships with some of the country’s most influential players.

Ingram Micro Makes Two Acquisitions

Santa Ana-based Ingram Micro Inc. acquired two companies that add to its higher-margin and growing recycling and mobile services business, buying U.K.-based Canai Group and Clarity Technology in Portugal on undisclosed financial terms.

Gaming Heroes, Legacies and Rescues Star at E3 Show

Game Developers Parade New Titles, Talk Shop

Industry insiders and members of the media attending the recently concluded Electronic Entertainment Expo got a sneak peak at several new titles Orange County video game developers plan to introduce in coming months.

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Ingram Micro Buys Two Companies

Santa Ana-based Ingram Micro Inc. has acquired two companies that add to its higher-margin and growing recycling and mobile services business.

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World Poker Tour Sells for $35M

Irvine-based WPT Enterprises Inc., which runs the World Poker Tour, has been acquired for $35 million by one of China’s largest gaming companies.

Ex-Blizzard Exec Takes Top Post at Game Developer

20-Year Stint Included President, COO Roles

Longtime gaming exec Paul Sams recently uprooted from Orange County, moved to Austin, Texas, and then ended up taking the top job at Irvine-based game developer Ready at Dawn, which is less than two miles from his former employer, Blizzard Entertainment Inc.

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