Chris Casacchia covers technology, aerospace and defense and sports. He can be reached at firstname.lastname@example.org.
Phone: 949-833-8373 Extension: 225
Says OC Operations Not Affected by Other Cuts
Santa Ana-based aerospace manufacturer Ducommun Inc. initiated more restructuring charges in the second quarter and shuttered its 100,000-square-foot plant in Phoenix, it disclosed in its recent earnings report.
Telecoms, Wireless Cos. Extend Job-Growth Hat Trick
The largest telecommunications companies and related wireless equipment makers grew employment at a modest clip in the year ended July 31.
CEO: ‘I Think We’re a Juggernaut’
The merger of Irvine-based Trace3 and Data Strategy LLC in Grand Rapids, Mich. has created a formidable IT services provider with revenue surpassing $1.1 billion.
Shares of Veritone Inc. (Nasdaq: VERI) plummeted after the company reported second quarter results that missed Wall Street expectations.
Veritone Inc. shares jumped today after the Costa Mesa-based company announced two pending acquisitions, one for its emerging artificial intelligence business and the other for its media-buying arm.
President, GC, CFO Fall In Post-Proxy Fight Redo
In less than two months, activist investors Sidus Investment Management LLC and BLR Partners LP have completely overhauled the board at Newport Beach-based patent licensing and technology investment firm Acacia Research Corp. and pushed out its management team.
Broadcom cofounder and billionaire philanthropist Henry Nicholas III has hired one of the most prolific, and high-profile defense attorneys in Nevada after his arrest late Wednesday night on suspicion of trafficking heroin, methamphetamine, ecstasy and cocaine.
Senior management of Acacia Research Corp. will leave the company by Friday and all board members who were in place before a recent proxy fight at the company have resigned.
Shares in analytics software maker Alteryx Inc. rose on its quarterly report, which included higher sales that beat expectations.
Alteryx Boss, Wife Launch i-Rise to Lift More Boats
Alteryx Inc. Chief Executive Dean Stoecker and his wife, Angie, want to improve educational opportunities for disenfranchised high schoolers while curbing the national student debt crises.
Skyworks Solutions Inc. has agreed to buy analog chip systems maker Avnera Corp. for $405 million in cash.
SOFTWARE: Running fast grower in OC’s cybersecurity hub
Former Quest Software Inc. and Dell insider Steve Dickson came out of retirement to take the top post at one of Orange County’s fastest-growing software companies.
Says Antivirus Product Cuts Threats Off at Pass
Irvine-based Cylance Inc., one of the highest valued and closely watched private companies in Orange County, has released its first software product targeting consumers.
Irvine-based Vizio Inc. has launched a free streaming service in an effort to corral cord cutters who have ditched traditional cable services.
Global Search for Deals, Causes and Adventure
Victor Tsao is always on the move.
Issues New Certificates To Prevent More Damage
The Taiwanese parent of Fountain Valley-based D-Link Systems was the target of a widespread cyberespionage campaign to collect saved passwords from browsers, including Chrome, Firefox and Internet Explorer.
Can Put Proceeds Into Management Software
Irvine-based cloud services provider Zumasys Inc. has sold its cloud hosting, infrastructure and managed services business units to IT services provider NexusTek on undisclosed terms.
SPORTS: Businessman cashes in chips for new game
A San Clemente tech consultant has acquired a new Major League Rugby expansion team and is fielding potential sites in Orange County for its home venue and training facility.
TECHNOLOGY: Chinese giant major OC trading partner
A U.S. ban imposed on China’s second-largest tele-communications equipment maker, lifted on July 13, has already pinched sales at Skyworks Solutions Inc. and is affecting several other Orange County technology companies with headquarters or major operations here.
Disneyland Resort’s “Star Wars: Galaxy’s Edge” will be among the first attractions constructed in tandem with digital experiences, app games and interactive surroundings.
Kamel Sees Growth At Iinside Via Busy Industry
Sam Kamel, a former senior executive at Irvine-based Ingram Micro Inc., is targeting an industry with big logistical problems in his new role as chief executive at iinside.
Ice Energy lines up project financing
Mike Hopkins, who led an ownership change six years ago at Ice Energy, is finally beginning to see sales jump in an industry that moves at glacier speed.
ESPN, Disney XD and its family of networks will broadcast matches of Blizzard Entertainment Inc.’s Overwatch League in another major development in the booming esports scene.
Five-Year UFC Deal A First For MMA Rookie
Lake Forest-based Toshiba America Business Solutions Inc. will equip the world’s premier mixed martial arts organization with printers and related services.
TECHNOLOGY: Sector vet aims to close ‘language’ gap
Orange County entrepreneur Paul Ward has launched a $20 million venture capital fund dedicated solely to esports.
Chairman, Fellow Member Replaced By 2 New Faces
In a strong indictment, shareholders of Acacia Research Corp. (Nasdaq: ACTG) overwhelmingly approved the addition of two board members nominated by dissident shareholders, ousting its chairman and a director in the process.
Aliso Viejo-based IT services provider UST Global has received a $250 million investment from Temasek Holdings Pte. Ltd., Singapore’s state-run investment fund, the company announced today.
Plus, Qualcomm Faces Lawsuits Over Broadcom
Orange County’s strong contingent of video game publishers and related companies were well-represented at this year’s E3 conference in downtown Los Angeles, a departure from the past few years.
Family Business Still Fizzes in 7th Decade
Cousins, siblings, in-laws, sons and daughters seem to be around every bend in the winding, overstuffed corridors, aisles and nooks of this 22,000-square-foot wine and spirits mecca.
ENERGY: Big Paris oil, gas co. gets 25% stake in green-fuel bet
A strategic investment and new partnership with one of the world’s largest oil and gas companies has improved Clean Energy Fuels Corp.’s Wall Street story after years of financial losses.
The UCI Health system has been named the inaugural presenting sponsor of the Anaheim Ducks, the franchise said this morning.
Cylance Inc., one of the highest valued private companies in Orange County, has raised $120 million in a venture round led by prior investor Blackstone Tactical Opportunities.
San Jose-based Broadcom Inc., which maintains a sizeable operation in Irvine, has issued another round of deep job cuts following an acquisition.
RETAIL: Beauty, nutrition co. was handicapped by crashes
A digital transformation and IT overhaul launched five years ago helped Arbonne International LLC move from a stagnant retailer to a coveted takeover target.
Says Software Boosts Cos., Even Fights Malaria
The influence and future of data analytics was on full display at Alteryx Inc.’s annual convention at the Anaheim Convention Center.
Subsidiary of Japanese Audio Equipment Makera
The Irvine-based H&X Technologies, part of Hibino Corp. in Tokyo, was launched about a year ago to establish a foundation in Southern California to sell and lease its suite of high-res LED displays and products through the U.S.
TECHNOLOGY: New owners cut quickly, eye ‘synergies’
Microchip Technology Inc. Chief Executive Steve Sanghi has ousted the entire management team at Microsemi Corp. following its $10.3 billion acquisition, according to sources close to the matter.
Jim Rome, who’s attracted millions of listeners with his hot takes on sports and pop culture and his confrontational demeanor, has been nominated for the National Radio Hall of Fame.
Telematics Specialist CalAmp Expands Services
The beeps intensify, and the directional signal from the LoJack stolen-vehicle recovery system is pointing north.
Keeps His Money; Maybe He’s Just Partial to Hockey
Broadcom co-founder and Anaheim Ducks owner Henry Samueli passed up an opportunity to buy a professional video gaming team.
Activist Investors’ Picks Challenge Chair, Director
Acacia Research Corp.’s annual shareholder meeting next week could determine the direction the Newport Beach-based company will take after several years in choppy waters.
SPORTS: NFL superagency crosses over to the NBA
The National Basketball Players Association bucked tradition and decades of history in selecting a new subsidiary formed by Athletes First LLC in Laguna Hills to handle licensing and other partnerships for its star players rather than the league that helped make it the most powerful union in professional sports.
China Gives Nod to $18B Deal to Kingston Group
Chinese regulators approved the $18 billion sale of Toshiba Corp.’s lucrative flash memory unit to a consortium that includes Fountain Valley-based Kingston Technology Co.
Cuts at Headquarters Meant to Fuel Growth
Vizio Inc. has downsized its Irvine operation and is in jeopardy of losing its long-held No. 2 position in flat-panel TV sales in North America.
STARTUPS: Cloudvirga pledges OC’s growing fintech fraternity
Irvine-based startup Cloudvirga Inc. has attracted big-name customers and backers as it aims to modernize a mortgage industry steeped in manual processes more than a decade old.
Revenue Rises Over 40%, Mostly on Media Business
Veritone Inc.’s latest quarterly report produced a mixed bag of results for the wildly traded Costa Mesa company trying to crack into the booming but highly speculative artificial intelligence market.
TECHNOLOGY: Raise $5M, plan new VC round with big backer
An Irvine-based startup led by former Broadcom, Mindspeed Technologies and Lantronix Inc. executives has emerged with backing from the world’s largest chipmaker and its first deal.
Irvine startup Cloudvirga today announced it closed a $50 million Series C funding round led by private-equity firm Riverwood Capital in Menlo Park.
Modest Job Gains As Microsemi Sale Looms
This year’s roundup of Orange County’s largest chipmakers is defined by the deals that got done and the one that got away.
Early Returns on Major Moves At Big Three Coming Soon
The largest consumer electronics makers in Orange County shrank payrolls slightly compared to last year.