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.
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.
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.
QLogic Corp. this morning announced that two women will take the top management posts of the Aliso Viejo-based-based networking equipment maker.
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.
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.
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.
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.
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.
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.
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.
Newport Beach-based Clean Energy Fuels Corp. reported revenue and adjusted profits in the second quarter that missed Wall Street expectations.
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.
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.
Irvine-based security software maker Cylance Inc. raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.
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.
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.
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.
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.
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.
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.
Irvine-based security software maker Cylance Inc. has raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.
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.
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.
Laguna Niguel-based SCP Auctions was named the official auction and appraisal partner of the Naismith Memorial Basketball Hall of Fame.
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.
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.
Aliso Viejo-based chipmaker Microsemi Corp. reported revenue for the June quarter that beat Wall Street expectations and adjusted profits in line with estimates.
Laguna Niguel-based SCP Auctions has been named the official auction and appraisal partner of the Naismith Memorial Basketball Hall of Fame.
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.
The National Toy Hall of Fame has turned its attention to video games, including the title that made Irvine-based Blizzard Entertainment Inc. famous.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Santa Ana-based Ingram Micro Inc. has acquired two companies that add to its higher-margin and growing recycling and mobile services business.
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.
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.
Irvine startup Connectifier raised $6.5 million in a Series A funding round led by True Ventures in Palo Alto.
Santa Ana-based Ingram Micro Inc. furthered its reach in the Middle East by acquiring the assets of Arabian Applied Technology, the largest value-added reseller in Saudi Arabia.
Santa Ana-based Ingram Micro Inc. has furthered its reach in the Middle East by acquiring the assets of Arabian Applied Technology, the largest value-added reseller in Saudi Arabia.
Irvine startup Connectifier has raised $6.5 million in a Series A funding round led by True Ventures in Palo Alto.
SPORTS: Deal includes 10,000-seat stadium on Adriatic coast
Vinny Smith has added a professional soccer club to the growing list of investments he’s compiled since netting some $800 million on a $2.8 billion sale of Quest Software three years ago.
Result of ‘Fishbowl’ Project Done With NSA
An Irvine-based startup that collaborated with the National Security Agency for years to develop a private mobile network has released what it calls “the world’s most secure cellphone service.”
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