Orange County Business Journal

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Toshiba Parent Fallout Claims New OC Victim

Financially troubled Toshiba Corp. will shutter its U.S. commercial phone service division based in Irvine in the second local business closure enacted by the Tokyo conglomerate in a year.

By Chris Casacchia May 24, 2017 9:22 a.m. share »

How Broadcom Shook OC Tech, Real Estate Markets

With news that Singapore-based Broadcom Ltd. could sell its campus at Irvine’s Great Park Neighborhoods for $443 million back to FivePoint Communities Inc., here’s a look at how the chip giant has shaken up the local tech and real estate landscape.

By Chris Casacchia May 22, 2017 midnight share »
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Ex-Energy Sec. Joins Board

Former Department of Energy Secretary Ernest Moniz has joined the board of a nuclear fusion company in Foothill Ranch.

By Chris Casacchia May 18, 2017 11:18 a.m. share »
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CrowdStrike Gets Another $100M

Irvine-based CrowdStrike Inc. has raised $100 million in its latest funding round, the second time the security software maker has hit that investment benchmark.

By Chris Casacchia May 17, 2017 10:16 a.m. share »
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Rare View From the Top

Kate Duchene wants to get Resources Global Professionals back on a growth spurt.

By Chris Casacchia May 15, 2017 10:54 a.m. share »

Chipmakers’ Employment Flat After Deep 2016 Cuts

Orange County’s biggest chipmakers in the 10 months through the end of April staved off deep job cuts that have defined the sector following Broadcom Corp.’s $37 billion sale to Singapore-based Avago Technologies Inc. last February.

By Chris Casacchia May 15, 2017 midnight share »

District Court Judge Sides With D-Link in FTC Battle

U.S. District Judge James Donato has instructed the Federal Trade Commission to dismiss a case against Taiwan-based D-Link Corp., leaving its U.S. subsidiary D-Link Systems Inc. in Fountain Valley as the sole defendant in a case alleging it “failed to take reasonable steps to secure the software for their routers and IP cameras” against hacking methods.

By Chris Casacchia May 15, 2017 midnight share »

Consumer Electronics Makers’ Employment Flat

A headquarters move and an axed sale were the big headlines generated recently by Orange County’s largest consumer electronics makers as employment held steady.

By Chris Casacchia May 15, 2017 midnight share »
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Veritone Raises $37.5M in IPO

Newport Beach-based start-up Veritone Inc. began trading today on the NASDAQ Capital Markets after raising $37.5 million in an initial public offering.

By Chris Casacchia May 12, 2017 10:16 a.m. share »
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Alteryx Beats Street in Q1

Irvine-based Alteryx Inc.’s first quarterly financial report as a public company beat Wall Street expectations.

By Chris Casacchia May 10, 2017 1:55 p.m. share »
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Vinny Smith Grows VC Fund 33%, Diversifies

Billionaire entrepreneur and Business Journal OC 50 influencer Vinny Smith (see related stories, this page and page 8) continues to grow and diversify Orange County’s largest venture capital fund

By Chris Casacchia May 10, 2017 10:49 a.m. share »

Students Inventors for 3-D Printing Competition

More than 200 students will submit projects for the fifth installment of the ocMaker Challenge, which is billed as one of the few school-based 3-D printing competitions in the world.

By Chris Casacchia May 8, 2017 midnight share »

Free-to-Play Blizzard Game Reaches Player High

Another game, another milestone for OC 50er Michael Morhaime and his Irvine video game publisher, Blizzard Entertainment Inc.

By Chris Casacchia May 8, 2017 midnight share »
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Kush Bottles Buys Distributor

Santa Ana-based Kush Bottles acquired CMP Wellness in a cash and stock deal valued at about $21 million.

By Chris Casacchia May 5, 2017 10:28 a.m. share »
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Overwatch Drives Blizzard Sales

Booming sales of the first-person, futuristic shooter “Overwatch” and an uptick in “World of Warcraft” subscribers boosted revenue in the first quarter for Blizzard Entertainment Inc.

By Chris Casacchia May 4, 2017 2:48 p.m. share »
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UEI Boosts IoT in Asset Buy

Santa Ana-based Universal Electronics Inc. has boosted its growing Internet of Things business with a $9 million purchase of certain assets from Residential Control Systems Inc.

By Chris Casacchia May 4, 2017 10:58 a.m. share »
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Special Delivery for Mysterious Dreamer

The sleek design and sheer size of the latest concept vehicle developed by Gaffoglio Family Metalcrafters Inc. took center stage at a recent invitation-only unveiling at the company’s headquarters in Fountain Valley, though perhaps the more compelling story centers around its customer.

By Chris Casacchia May 2, 2017 10:50 a.m. share »

NY Company Closes 1960s Fullerton Plant

Melville, N.Y.-based electronics manufacturer Park Electrochemical Corp. plans to close its largest U.S. manufacturing plant, which is in Fullerton.

By Chris Casacchia May 1, 2017 midnight share »
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Vizio Could Chart New Course After Deal Dies

The collapse of Vizio Inc.’s $2 billion sale to LeEco this month highlights the difficulty of completing deals between U.S. and Chinese companies in the current political-economic climate, though it presents one of Orange County’s best-known brands a range of options in the aftermath.

By Chris Casacchia April 26, 2017 10:37 a.m. share »

WD Warns Toshiba Against Deal With Broadcom

A global battle is brewing among three tech giants with sizeable operations in Orange County.

By Chris Casacchia April 24, 2017 midnight share »
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Veritone Prices IPO

Newport Beach-based start-up Veritone Inc. will sell 1.25 million shares of common stock valued between $14 and $16 per share under terms of its initial public offering, according to a filing today with the Securities and Exchange Commission.

By Chris Casacchia April 21, 2017 10:39 a.m. share »
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Western Digital Shifts HQ to San Jose in Hit To OC’s Tech Prestige

Orange County’s largest public company has switched its headquarters designation to Silicon Valley, a reminder of the influence and attraction of the world’s top tech center, and yet another hit to OC’s corporate base.

By Chris Casacchia April 18, 2017 10:28 a.m. share »
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Two Acquisitions Paved Way for New Western Digital HQ

Western Digital Corp.’s newly designated headquarters in San Jose reflects the growing influence and importance of the company’s two priciest buys in its 57-year history.

By Chris Casacchia April 18, 2017 10:11 a.m. share »

‘Estadium’ May Boost Blizzard’s Hit Game Overwatch

Activision Blizzard Inc.’s newly launched sports “stadium” in Taiwan should boost exposure and standing for “Overwatch,” the hit first-person shooter game developed by Irvine-based subsidiary Blizzard Entertainment Inc.

By Chris Casacchia April 17, 2017 midnight share »
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WD Leads $33M Investment Round

Irvine-based Western Digital Corp. led a $33 million strategic funding round for a Northern California company that specializes in flash storage systems.

By Chris Casacchia April 11, 2017 11:05 a.m. share »
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TTM’s View From the Top

TTM Technologies Inc. has taken an unconventional route to become the nation’s largest printed circuit board maker.

By Chris Casacchia April 10, 2017 10:57 a.m. share »
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Vizio’s $2B Sale Axed

Irvine-based Vizio Inc.’s proposed $2 billion sale to Chinese conglomerate LeEco has been terminated due to “regulatory headwinds,” the companies said Monday morning.

By Chris Casacchia April 10, 2017 10:38 a.m. share »

Cargile Will Lead Roseville-Based Co. From NB Office

Chuck Cargile, the former chief financial officer of Newport Corp., has been tapped for the top position at Roseville-based Sunworks Inc. and will lead the solar power provider from an office in Newport Beach.

By Chris Casacchia April 10, 2017 midnight share »
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Cylance Cuts Jobs

Cylance Inc. in Irvine has initiated a round of job cuts in a restructuring.

By Chris Casacchia April 6, 2017 11:13 a.m. share »
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Chinese Co. Establishes Brea HQ

Shenzhen Rapoo Technology Co. Ltd. has established its North American headquarters in Brea.

By Chris Casacchia April 3, 2017 1:08 p.m. share »

Vizio Buyer Makes More Money-Saving Moves

Vizio Inc.’s proposed buyer, LeEco, is trying to sell its recently purchased U.S. headquarters in San Jose as the company moves to improve its depleting cash position, according to a Reuters report.

By Chris Casacchia April 3, 2017 midnight share »

Phone Accessories Maker Charged About New Case

Irvine startup Peri Inc. has high hopes for its second-generation iPhone charger and speaker case as the company looks to expand accessory offerings and attract its first institutional investment round.

By Chris Casacchia April 3, 2017 midnight share »
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Gaming Vets Sign on for Own Adventure

An Irvine startup launched by a trio of former developers at Blizzard Entertainment Inc. and Riot Games is ready to launch its first title.

By Chris Casacchia March 28, 2017 10:17 a.m. share »

Alteryx Insiders to Control Direction Following IPO

Alteryx Inc. insiders will control the vast majority of voting rights after the company’s initial public offering last week.

By Chris Casacchia March 27, 2017 midnight share »

Steelberg Brothers Aim for Hot Tech Sector

Veritone, founded in 2014, sped out of the gate with nearly $14 million in revenue in 2015, its first full year of business.

By Chris Casacchia March 27, 2017 midnight share »
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Alteryx Shares Rise After IPO

Shares of Irvine-based Alteryx Inc. surged in its first trading session on the New York Stock Exchange.

By Chris Casacchia March 24, 2017 10:08 a.m. share »
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Microsemi Closes China Plant

Microsemi Corp. has closed a manufacturing plant in China, the Aliso Viejo-based chipmaker said after the close of intraday trading Tuesday.

By Chris Casacchia March 22, 2017 10:35 a.m. share »

Corent’s Outlook Cloudy and Bright

Feyzi Fatehi more than decade ago set out to recreate Intel Corp.’s business model for the software industry.

By Chris Casacchia March 20, 2017 midnight share »

Kingston USB Drive Packs Storage Power, Big Price Tag

Fountain Valley-based Kingston Technology Inc. has packed 2 terabytes of storage into a USB flash drive the size of a pack of bubble gum.

By Chris Casacchia March 20, 2017 midnight share »

NB, Irvine Rate as Cybersecurity Hubs

Two Orange County cities are among the top destinations in the country for cybersecurity professionals, according to recent report by GoodCall LLC.

By Chris Casacchia March 20, 2017 midnight share »
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Veritone Inc. Files IPO

Newport Beach-based startup Veritone Inc. aims to raise up to $15 million in an initial public offering, according to a registration statement filed yesterday with the Securities and Exchange Commission.

By Chris Casacchia March 16, 2017 10:12 a.m. share »
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Alteryx Prices IPO

Irvine-based analytics software maker Alteryx Inc. will sell 9 million shares of Class A common stock valued between $12 and $14 per share under terms of its initial public offering, according to a filing today with the Securities and Exchange Commission.

By Chris Casacchia March 13, 2017 11:56 a.m. share »

TCL Pins Hopes on Return of Coveted Keyboard

The wait is over for those clamoring for the return of the Qwerty keyboard.

By Chris Casacchia March 13, 2017 midnight share »

Blizzard’s $1B Rebound: Overwatch

Blizzard Entertainment Inc. took 18 years to develop a new franchise—the first-person, futuristic shooter “Overwatch.”

By Chris Casacchia March 13, 2017 midnight share »
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Clean Energy Shares Jump on Q4

Shares of Clean Energy Fuels Corp. surged in afterhours trading after the Newport Beach-based company reported sales and adjusted earnings in the fourth quarter that easily beat Wall Street expectations.

By Chris Casacchia March 7, 2017 1:45 p.m. share »

Alteryx Valuation Could Range to $900M on IPO

Irvine-based Alteryx Inc.’s planned initial public offering could snap a nearly two-year drought in Orange County.

By Chris Casacchia March 6, 2017 midnight share »

Startup Bases Fast Growth on Customers’ Cloud Needs

A Costa Mesa-based startup launched by two executives with a track record of success in Orange County is off to a fast start.

By Chris Casacchia March 6, 2017 midnight share »
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Clean Energy Sells Unit to BP

Shares of Clean Energy Fuels Corp. surged today after the Newport Beach-based company said it would sell its renewable gas business for $155 million to BP Plc.

By Chris Casacchia March 1, 2017 10 a.m. share »
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Alteryx Files for IPO

Irvine-based analytics software maker Alteryx Inc. aims to raise $75 million in an initial public offering, according to a filing late Friday with the Securities and Exchange Commission.

By Chris Casacchia February 27, 2017 10:18 a.m. share »

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