Orange County Business Journal

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Microsemi Posts Record Sales

Microsemi Corp. in Aliso Viejo reported record sales in its fiscal year, and September quarter revenue and adjusted profits that narrowly topped Wall Street expectations.

Inside Amazon

E-Tail Giant Continues Content Push at Game Studio in Spectrum

In-house game developers on one team.

Computer Products Maker Shows Off Expanded HQ

Showroom, Training Area Featured in Foothill Ranch

The Business Journal got a sneak peek at Iogear’s new 70,000-square-foot digs at Irvine Spectrum, which are outfitted with a product showroom and training space created to drum up more business for its network of resellers and distributors.

Wang’s Consumer Electronics Vision Realized Post-Sale

LeEco Intros Motley Products With Same Brain

LeEco’s recent U.S. launch, which included a long press event in San Francisco, may have provided a glimpse into why Vizio Inc. agreed to a sale in July to the Chinese conglomerate.

UCI Cybersecurity Director Named

TECHNOLOGY: Expert with federal creds leads new venture

National intelligence expert and corporate attorney Bryan Cunningham has been hired to lead the new Cybersecurity Policy and Research Institute at the University of California-Irvine.

Little Company Could Make Big Flight Milestone

AERONAUTICS: Tier 1 copter test proves long-elusive concept

A small engineering firm in Costa Mesa is a step closer to bringing the first battery-powered helicopter to market.

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Ricoh Cuts 147 Jobs

Ricoh Electronics Inc. will eliminate more than one-third of its employment base at its Tustin headquarters as part of a global restructuring of manufacturing operations.

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WD Tops Earnings Targets

Irvine-based storage products maker Western Digital Corp. reported revenue and adjusted profits in the September quarter that beat Wall Street expectations.

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Toba Co-Leads eSports Investment

Newport Beach-based Toba Capital invested in the booming eSports segment, co-leading a $5 million funding round for a Santa Monica company that runs tournaments and related events for amateur gamers.

Real Estate Deals

Sales and leases of offices, industrial buildings, retail space and apartments

Santa Ana HM Property LLC sold a restaurant building in Santa Ana to 99 Motel LLC for $3.7 million, or about $1,584 per square foot.

Game Maker Plays Fast With Crowdfunder Campaign

InXile Entertainment Blows Past Raise Goal

Newport Beach-based video game maker inXile Entertainment knows how to run an online fundraising campaign.

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Software Maker Buys Colorado Firm

Flatirons Solutions in Irvine acquired the assets of a Colorado company that specializes in flight operations software.

OC Tech Alliance Award Winners Run the Gamut

Skyworks, Mavenlink Among Top Honorees

Woburn, Mass.-based chipmaker Skyworks Solutions Inc., which has an executive base in Irvine, and Irvine-based business software maker Mavenlink Inc. were among the big winners at the 23rd Annual OC Tech Alliance Award Gala at Westin South Coast Plaza.

Greenwave Hires Goldman Sachs, Eyes Possible IPO

TECHNOLOGY: Optimistic on heels of strategic buy

Irvine-based smart technology provider Greenwave Systems Inc. is exploring an initial public offering.

Aerospace & Defense Contractors Lose Altitude on Jobs

Slight Decline 2nd in Row For Biggest With Operations Here

Orange County’s largest aerospace and defense contractors posted a modest drop in local employment in the past year.

Smith’s Toba Backs SF Software Firm

Newport Beach-based Toba Capital took a lead role in a $10 million initial funding round for San Francisco-based human resources software specialist Restless Bandit.

Software Maker Sees Bigger Future in New HQ

TECHNOLOGY: SecureAuth about doubles digs for hires to meet demand

Security software maker SecureAuth Corp. has leased new headquarters at Irvine Spectrum to accommodate a hiring surge as it expands its services.

Boost Aims to Do Good, Well at Polls

MARKETING: Sees chance to bolster brand, spur civic engagement

An Irvine-based unit of Sprint Corp. hopes to transform retail stores across the nation into polling places on Election Day in an effort to turn out the vote in underserved, urban communities.

Skyworks Continues to Beef Up With Local Hire

CFO Second Recent Big Addition at Chipmaker

Another local addition to the executive brass of Skyworks Solutions Inc. points to Orange County’s growing influence at the Woburn, Mass.-based chipmaker.

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Toba Backs SF Software Firm

Newport Beach-based Toba Capital took a main role in a $10 million initial funding round for a San Francisco company called Restless Bandit, a specialist in human resources software.

Cylance of the Worms

Founder Discovered Calling Through Bet After Cyberattack at Alma Mater

A friendly hacking wager in college ultimately led Stuart McClure into cybersecurity.

Super Charged

Phone Battery Entrepreneur Might Have Game Changer on His Hands

Benjamin Park understands his customers, a likely consequence of using several different smartphones throughout the day.

Software Maker Joins Data-Breach Resistance Group

Group Intends to Cut Off Cyber Attackers at the Pass

Irvine-based security software maker SecureAuth Corp. is taking a lead role in establishing a consortium of private and public entities to solve the growing problem of data breaches.

Fiber Optics in Cox Growth Plan for OC Operations

New Regional Manager Oversees Area Expansion

Sam Attisha, Cox Communications Inc.’s new regional manager for Orange County, has laid out his top priorities in overseeing one of the company’s most important markets.

Greenwave’s Latest Growth Spurt

Gets Analytics Operations in Predixion Deal

A number of local companies and investors stand to benefit from Irvine-based smart technology provider Greenwave Systems Inc.’s acquisition of Predixion Software in Aliso Viejo.

Kingston Milestone: Headset Sales Top 1 Million

TECHNOLOGY: Revenue about $100 million for 2 years

Kington Technology Inc. has sold more than 1 million headsets geared for gamers since releasing its first model a little over two years ago.

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Greenwave Buys Predixion

Irvine-based smart technology provider Greenwave Systems Inc. bought Predixion Software in Aliso Viejo on undisclosed terms.

Tablet Maker grandPad Expands to Switzerland

Orange Startup Keeps Seniors Connected

Orange-based startup tablet maker grandPad Inc. has partnered with Switzerland’s largest telecom in its first international expansion.

Burgeoning Cybersecurity Lifts Cylance Nearly 2,000%

Uses Artificial Intelligence to Detect Malware; Adds Consumers to Federal, Corporate Clients

Cylance Inc.’s security software was lauded recently by federal officials for playing a key role in discovering and mitigating one of the largest government data breaches in U.S. history.

UCI Aces Test On Rams Camp

SPORTS: Team’s training camp was school’s showcase

University of California-Irvine is still buzzing in the aftermath of the Los Angeles Rams holding their first training camp in Southern California in 22 years.

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UCI to Open eSports Arena

University of California-Irvine next week opens the first eSports area run by a public university.

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Ex-Blizzard Exec in Irvine Startup

Former Blizzard Entertainment Inc. Creative Director Rob Pardo has started a gaming studio in Irvine that aims to build the types of interactive worlds that made his former company a pioneer in the industry.

OC, India Both Figure Into Lantronix Comeback Bid

TECHNOLOGY: Sees IoT as pathway back to profits

Jeff Benck’s new game plan for Irvine-based Lantronix Inc. is in motion after taking the helm of the sputtering networking equipment maker late last year.

New WoW Release Promises Blizzard Recovery

Aug. 30 Release Already Boosted Company’s Sales

Expect another strong quarter for Irvine-based Blizzard Entertainment Inc. with the Aug. 30 release of “World of Warcraft: Legion,” the sixth expansion set of the franchise role-playing game.

WD Lays Out Plan for Global Consolidation

TECHNOLOGY: Will cut 3 plants, 1,900 jobs in Asia as hard drives lag

Western Digital Corp. will close three manufacturing plants and cut 1,900 jobs in Asia in a move that shifts more production to its sprawling Silicon Valley operation and elsewhere.

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Netlist in $15M Offering

Netlist Inc. will sell $15 million in common stock, the Irvine-based storage equipment maker said today.

Startups Get Coveted Audience With Conglomerate

Four at EvoNexus Pitch In Huawei Exec Sessions

Three startups housed at the EvoNexus incubator at University Research Park and another startup based in Irvine held private meetings with representatives from Huawei Technologies Co., one of the largest diversified electronics makers in the world.

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Smith Micro Avoids Delisting

Smith Micro Software Inc. has regained compliance with the NASDAQ Stock Market’s minimum bid price requirement, the Aliso Viejo company announced today.

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FantasyAces Acquires More Players

The parent company of Aliso Viejo-based startup FantasyAces LLC has entered an agreement to acquire a database of fantasy sports players from Gaming Nation Inc.

XUMO Uses Data, Digital to Capture Cord Cutters for LG

TECHNOLOGY: Powers streaming content channel for TV maker

Technology by Irvine-based XUMO is powering a free streaming content service geared for U.S. customers of LG Electronics Inc., the world’s second largest TV manufacturer.

St. Joseph Embraces Digital Change After Challenges

Records Integration One Of Series of Tech Changes

Irvine-based St. Joseph Health, one of the largest healthcare operators in Orange County, set out four years ago to establish a single electronic record for each patient who visits any of its 16 hospitals spread across California, Texas and New Mexico.

Better Sense of Performance Now at Pros’ Fingertips

Sensors, Already Popular With Amateurs, Move Up

World-class surfer and part-time San Clemente resident Jordy Smith is trying to level the playing field, not against the competition, but Mother Nature.

Chipmakers, led by Broadcom, Cut OC Work Force 16%

17 Biggest Down 756 Jobs To Just Under 4K Workers

Big job cuts at Broadcom Ltd. following its $37 billion sale in February to Singapore-based Avago Technologies Inc. and a string of divestitures fueled one of the steepest local employment drops in the chip sector in years.

Dwindling PC Sales Pull Down Western Digital Results

Hard Drive Sales Sink To Five-Year Low at 40M

Western Digital Corp.’s hard drive sales have fallen to the lowest level since heavy monsoons and record floods shut down its Thailand manufacturing hub nearly five years ago.

Gaming Content Maker Acquired, the world’s largest live-streaming site for gaming content, acquired Irvine-based Curse Inc., which creates content for gamers.

$97M Army Contract to Irvine Manufacturer

A manufacturer in Irvine has won a nearly $97 million contract to supply weapon components to the U.S. Army.

Kingston Joins Pokémon Bandwagon With Competition

Gym Battle Provides Face Time With Game’s Fans

Fountain Valley-based Kingston Technology Inc. is the latest OC tech company trying to capitalize on the Pokémon Go craze sweeping the globe.

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Amazon’s Twitch Buys Irvine Gaming Specialist, the world’s largest live-streaming site for gaming content, has acquired Irvine-based Curse Inc., which creates content for gamers.

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Smith Micro Down After Reverse Split

Shares of Smith Micro Software Inc. are down in its first trading session after the Aliso Viejo-based company initiated a reverse stock split before the start of trading today.

Microsemi Names Rams Practice Facility

Aliso Viejo-based chipmaker Microsemi Corp. took naming rights of the Los Angeles Rams practice facility at the University of California-Irvine.

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