Chris Casacchia

Technology Editor/Reporter

Chris Casacchia covers technology, aerospace and defense and sports. He can be reached at casacchia@ocbj.com.

Email: casacchia@ocbj.com
Phone: 949-833-8373 Extension: 225

Recent Stories

Broadcom Fights ‘Fake’ Memo on CA Tech Purchase

Cylance Teaches Classes; Soccer Club Hires Gamers

San Jose-based Broadcom Inc., which has more than 1,000 workers at its Irvine operations, says a memo claiming the Department of Defense is probing its pending deal for CA Technologies is fake.

Aerospace, Defense Firms Add Few OC Employees

Seeing Pickup as Pentagon Expands Military Budget

Local employment at Orange County’s largest aerospace and defense contractors was flat in the past year in a wave of industry consolidation and increased spending on national defense.

Angels Opt Out of Lease

The Los Angeles Angels of Anaheim today opted out of their lease at Angel Stadium, where they have played home games since 1966.

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Microsemi Executives Sue Microchip for Libel

TECHNOLOGY: Suit confirms bitter split

The honeymoon between executives at Microsemi Corp. and Microchip Technologies Inc. is officially over, four months after a $10.2 billion megadeal that began the two chipmaker’s marriage.

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Midday Stock Roundup

U.S. stocks jumped on a broad rally across all 11 sectors of the S&P 500, which rose 1.5% in midday trading to 2,791.69.

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Investors Hear Pitches From Clean-Tech Companies

Palo Alto Networks Exec Joins Alteryx’s Board

More than 70 investors, from seed backers to established venture capitalists, lined up on Oct. 3 to hear the latest pitches by companies in the clean-technology industry.

Chargers’ Spanos Dies

Los Angeles Chargers majority owner Alexander Gus Spanos died Tuesday morning. He was 95.

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Microsoft May Buy Irvine Gaming Studio

Irvine-based independent gaming studio Obsidian Entertainment Inc. is set to be sold to tech giant Microsoft Corp., according to published reports.

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Microsemi Execs Sue Microchip

Ousted Microsemi Corp. Chief Executive James Peterson and three of his former executives are suing Microchip Technology Inc. and its executives for alleged slander, libel and unfair business practices.

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Midday Stock Roundup

The S&P 500 fell 0.1% in midday trading to 2,880.64.

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Cirrus Insight Sells Majority Stake, Aims to Scale

CoreLogic Assays Florence; Diablo to Be Netflix Series?

Houston private equity firm Clovis Point Capital bought a majority stake in Irvine-based business software maker Cirrus Insight.

IT Consulting Riding Esports Wave for Growth

TECHNOLOGY: Verys aims for $50M in sales

Chris Antonius and Mike Zerkel are partial to a particular Peet’s Coffee on Portola Parkway in Irvine.

Vizio Reaches $17M Settlement in TV Spying Lawsuit

Vizio Inc. has reached a $17 million preliminary settlement related to a class action lawsuit filed in Santa Ana in 2016 that alleged the Irvine-based company tracked the viewing habits and demographic information of its smart TV viewers and sold that data.

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Blizzard Cofounder Cedes President Role

Blizzard Entertainment Inc. cofounder and President Mike Morhaime is ceding his executive role to “World of Warcraft” Executive Producer J. Allen Brack.

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Cloudvirga’s Latest Innovation: New HQ

University Research Park Spot Will Double Presence

Irvine-based startup Cloudvirga Inc. is planning to double in size with a move to new headquarters at University Research Park

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,929.35.

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Lantronix’s Latest: $10M Offering and Stock Drop

Some Proceeds Earmarked For IoT-Related Purchases

Irvine-based networking gear maker Lantronix Inc. has raised $10 million in a public offering, and has its eyes on using some of the proceeds to beef up its product line.

Ice Energy Heats Up With New Residential Biz

$40M Funding in June; CEO Seeks More

Ice Energy is on fire.

Chargers See Progress on $5B Inglewood Stadium

SPORTS: Will move from NFL’s smallest venue in 2020

Forty miles northwest of its current headquarters in Costa Mesa, construction on the new home of the Los Angeles Chargers is moving ahead at fast pace.

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Ingram Micro on Sales Block Once More

TECHNOLOGY: Chinese owner may take 8% haircut to unload

Consultants, investment banks and potential buyers are zeroing in on a valuation for Ingram Micro Inc. as chatter picks up again that its Chinese parent is selling the Irvine-based distribution giant.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,922.16.

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Veritone Buys Machine Box for AI Technology

Toshiba Updates Facility; OC iPhone Connections

Costa Mesa-based Veritone Inc. is on a buying spree, closing its third deal in the last month.

Mavenlink, Prepping for IPO, to Double OC Headcount

SOFTWARE: Goldman, Carrick among top investors

Business software maker Mavenlink Inc. has laid out an aggressive local expansion plan as it eyes an initial public offering.

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Boeing’s HB Factory Loses Drone Order to St. Louis

Soccer Club Plays Online; One Stop in Quick Deal

The Boeing Co.’s sprawling Defense, Space and Security division in Huntington Beach will not benefit from the unit’s new $805 million contract from the Department of Defense to manufacture the U.S. navy’s first carrier-based drone.

Recall Masters Helps Car Owners, Sees Sales Explode

AUTOMOTIVE: Firm uses AI to find defective parts

The nation’s largest auto safety recall a decade ago provided a foundation to build one of the fastest-growing startups in Orange County.

Startups & Innovations

Xentaurs LLC, a fast growing IT consultancy established in 2016, has relocated and expanded into new offices at University Research Park for its new Irvine headquarters.

Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,889.45.

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Jimmy P is Back, Sees Edge in Small Caps

TECHNOLOGY: Former Microsemi CEO looking for small caps

James Peterson is back in business.

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Testing Company NTS Switches HQ to Anaheim

SERVICES: Says move to better serve customers

National Technical Systems Inc., one of the nation’s largest testing companies, has relocated its headquarters from Calabasas to Anaheim.

Zadara Wows Microsoft Vet to Tune of $25 Million

Microsemi Chip OK’d For Outerspace Work

Irvine-based data storage products maker Zadara Storage Inc. closed a $25 million Series C funding round led by Israel Growth Partners, which was founded by a Microsoft Corp. veteran.

Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,887.31.

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Lantronix Rises Again on Sales, Well-Known Investor

TECHNOLOGY: Reports first annual profit in 18 years

Wall Street is warming up to networking and Internet of Things equipment maker Lantronix Inc. after years of lackluster performance.

Blizzard Widens Reach as Diablo Heads to Nintendo

Econolite in $22M Pact; Broadcom Closer to Deal

One of Blizzard Entertainment Inc.’s most popular titles will be available later this year on Nintendo Switch, a first for the Irvine-based publisher.

Midday Stock Roundup

The S&P 500 is flat in midday trading at 2,896.60.

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Synoptek Employs ‘Up the Stack’ to Buy Indusa

TECHNOLOGY: Boosts AI, software, consulting

Synoptek LLC’s recent acquisition of Indusa places the information technology service provider at the doorstep of $100 million in annual revenue while boosting its Microsoft Corp. offerings and related consulting work.

STARTUPS & INNOVATIONS

Investment

Newport Beach-based Toba Capital, OC’s largest venture capital firm, led a $6.4 million Series A round for San Francisco-based analytics services provider Skupos Inc.

Software Companies Again Boost Headcount Over 5%

Games, Security, Analytics Continue Growth Spurts

Orange County’s software sector, a key economic driver, boosted employment 5.4%, the third straight year of significant job growth.

Satellite Makers Hope to Lift Local Industry into Orbit

Rocket Lab Leads With First Commercial Launch

Huntington Beach-based Rocket Lab is carrying more than small satellites on its first commercial launch, which has been rescheduled for late this year.

Ducommun Flies High on New Contract, Q2 Rev Beat

InfoSpan Loses Appeal; Lantronix on Micro Index

Santa Ana-based aerospace manufacturer Ducommun Inc. has landed a contract valued at more than $200 million from an unnamed customer to produce housing for engines, fuel and equipment.

High School Students Reach For Stars Via Engineering

Irvine, Tustin Teams Build Satellites for Launch

Irvine High School’s fall semester is underway, but incoming senior Mehr Bawa had already been hard at work.

Communications is the Answer to 4% Job Gains

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.

Ducommun Continues Cuts With Phoenix Plant Close

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.

Merger Makes Trace3 OC’s Newest $1B Tech Company

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.

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Veritone Sales Sour Traders

Shares of Veritone Inc. (Nasdaq: VERI) plummeted after the company reported second quarter results that missed Wall Street expectations.

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Veritone Plans Two Acquisitions

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.

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Acacia Housecleaning Ends With C Suite, Board Exits

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.

Nicholas Hires Top Defense Firm

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.

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Acacia Management Ousted, Board Resigns

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.

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Alteryx Up

Shares in analytics software maker Alteryx Inc. rose on its quarterly report, which included higher sales that beat expectations.

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Alteryx Boss, Wife Launch i-Rise to Lift More Boats

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.

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