Orange County Business Journal

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Clean Energy Q1 Beats Wall Street

Newport Beach-based Clean Energy Fuels Corp. after the close of trading reported revenue and adjusted profits in the first quarter that blew away Wall Street expectations.

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$40M for AV-Based VR Camera Maker

Aliso Viejo-based 360fly Inc. has raised $40 million in a Series C financing round to boost global sales and marketing efforts for its breakthrough 360-degree 4K camera to be released later this month.

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NextVR Adds Deal with Live Nation

Laguna Beach-based virtual reality content maker NextVR Inc. has struck a deal with one of the world’s largest event companies to bring “hundreds” of live concerts to fans across the globe through virtual reality.

Broadcom Presence May Shrink More With IoT Sale

New Owner Didn’t See Value Of Growth Technology Sector

Broadcom Ltd.’s operation in Irvine is likely to shed more employees after the chipmaker sold its Internet of Things business last week for $550 million to Cypress Semiconductor Corp. in San Jose.

Edison Plugs Into OC Startup Scene

ECONOMY: New unit of SCE parent in search of permanent HQ

Orange County will play a prominent role as the home field of Edison Energy Group, recently established by one of the world’s largest electricity producers as a launch pad of sorts, with specializations in consulting, engineering and solar-energy installations.

Virtual Reality Gets a Slow Start Despite Buildup

’16 Forecast Lowered Due To Glitches, Other Factors

The bumpy rollout of virtual reality headsets has led to some lower sales projections this year as the emerging technology has failed to match the hype in the early going.

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WD Misses Wall Street Targets

Irvine-based storage products maker Western Digital Corp. reported revenue and adjusted profits in the March quarter that missed Wall Street expectations amid continued sagging PC sales.

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Broadcom Sells IoT Lines

Broadcom Ltd. has sold its Internet of Things business and related assets for $550 million to Cypress Semiconductor Corp. in San Jose

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Auction of Baseball Rules Sets Record

Baseball’s oldest rule book fetched a record $3.2 million this weekend as part of the 2016 Spring Premier auction run by Laguna Niguel-based SCP Auctions.

Tablets Maker Taps Growing Senior Market

TECHNOLOGY: $11M stock sale to Taiwanese firm promises Asia links

Orange-based startup grandPad Inc. has sold an equity stake to one of the largest PC makers in the world and signed a distribution deal with a nationwide provider of in-home senior healthcare potentially worth millions of dollars.

Kingston Buys Into Encryption IP

TECHNOLOGY: Minnesota-based brand’s USBs made in Santa Ana

Kingston Technology Inc., the world’s top seller of consumer USB drives, has moved to strengthen its position in the commercial market with its first technology buy.

Long Arm of the Law Extends its Reach Robotically

TECHNOLOGY: Firm showed phone-breaking tool to top cops

A low-profile company that’s involved in some of the nation’s top forensic investigations is testing a robotic arm to unlock the most common mobile phones used in crimes.

Internet of Things Drives Greenwave Systems Growth

Smart-Tech Provider To Hire 60 People This Year

The increasing adoption of connected-home devices and a $45 million venture funding round in January have prompted a hiring push at Irvine-based Greenwave Systems Inc.

New Ingram Owner Makes Good With Acquisitions

Deal to Buy Cloud App Distributor to Add Revenue

Ingram Micro Inc.’s pending owner is making good on its word to invest in the Irvine-based company after its $6 billion sale.

Boeing May Cut More in OC to Boost Competitiveness

To Trim 4K Jobs Across Co. to Vie With Airbus

More job cuts could be looming at Boeing Co.’s Seal Beach, Huntington Beach and Long Beach operations as the aerospace giant looks to trim thousands of positions across the country to improve its position against Airbus, a rival on commercial aircraft.

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RSM Data Firm Raises $6.7M

Rancho Santa Margarita data analytics software maker Compellon has raised $6.7 million in a Series A funding round.

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BlizzCon Dates Set

Irvine-based Blizzard Entertainment Inc.’s annual fanfest is November 4 and 5 at the Anaheim Convention Center.

Broadcom Switches Gears Under New Owner

A recently extended supply agreement with Apple Inc. indicates the new guard at Broadcom Ltd. will handle operations differently than the company it was named after.

UCI to Start E-sports Program in Fall

University of California-Irvine will launch an e-sports program this fall with a new arena equipped with high-end gaming PCs, a staging area for League of Legends competitions, and a live webcasting studio at the Student Center.

NextVR Plans to Double Work Force as Sector Heats Up

Company Might Move To New Digs in Irvine

Laguna Beach-based virtual reality content maker NextVR Inc. is scouting areas in Orange County to expand operations and accommodate its growing employment base.

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FantasyAces Delays College Exit

Orange County’s lone daily fantasy sports operator doesn’t plan to follow the segment’s leaders in immediately closing contests involving college sports.

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UCI to Start E-Sports Program

University of California-Irvine will launch an e-sports program this fall with a new arena equipped with high-end gaming PCs, a staging area for League of Legends competitions and a live webcasting studio at the Student Center.

Microsemi Sells Business Lines for $300M

Aliso Viejo-based Microsemi Corp. agreed to sell its embedded security, RF, microwave and custom microelectronics businesses for $300 million to Mercury Systems Inc., shedding about 275 employees in Camarillo; San Jose; Phoenix, Ariz.; and West Lafayette, Ind.

Western Digital Makes Post-SanDisk Purchase Plans

International Restructure, Integration on Horizon

Western Digital Corp. plans to restructure its international operation “shortly after” closing its highly leveraged $17 billion acquisition of SanDisk Corp. in Milpitas.

NextVR Seeks to Add Role of Content Guide

TECHNOLOGY: Fox deal, headset rollouts may spur adoption

NextVR Inc. is developing the TV Guide of virtual reality content as the sizzling nascent segment draws more viewers with the launch of several headset systems.

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Microsemi Sells Secondary Lines

Aliso Viejo-based Microsemi Corp. has agreed to sell its embedded security, RF, microwave and custom microelectronics businesses for $300 million to Mercury Systems Inc.

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Quantum Fuel in Chapter 11 BK

Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. has filed for Chapter 11 bankruptcy protection.

New Ingram Micro Owner to Invest in Distributor

Chinese Boss to ‘Acquire’ More Business, Up Hires

Don’t expect Irvine-based Ingram Micro Inc. to cut costs under new Chinese owner Tianjin Tianhai Investment Co. Ltd.

Comcast to Put $40M Into Supplier in Santa Ana

TECHNOLOGY: Cable outfit aims for Internet of Things

The largest U.S. cable TV provider plans to invest nearly $40 million in Santa Ana-based remote control maker Universal Electronics Inc. over the next six years.

Western Digital Looks To Lock Up SanDisk

TECHNOLOGY: OK of $17B buy expected after feds quash China deal

Western Digital Corp.’s blockbuster takeover of SanDisk Corp. has been marked by one big turn after another, reminiscent of the turbulent industry the two companies lead.

Boeing Unveils Subaquatic Vehicle in HB

Boeing Co. introduced its latest unmanned underwater vehicle at its Huntington Beach facilities.

Ubiquity Says New Licensing Deal a ‘Turning Point’

Software Agreement Could Help Reverse 2-Year Slide

Irvine-based Ubiquity Inc. has signed its first major licensing agreement to integrate its operating system software after years of development and patent approvals.

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Boeing Unveils Echo Voyager

Boeing Co. introduced its latest unmanned, underwater vehicle this morning at its Huntington Beach facilities that holds vast applications in sea exploration, surveillance and analysis.

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Gymnastics Competition, Trade Show to Honda Center

The Honda Center in Anaheim will host the 2017 P&G Gymnastics Championships and a meeting and trade show related to the event.

Vizio Will Fight Viewer’s Tracking-Habits Lawsuit

TV Owner Says Data- Capture Disable Difficult

A class-action lawsuit in Indiana challenges a potential new revenue stream for Vizio Inc. as it weighs an initial public offering.

Big-Name Backers For NB Fintech Startup

TECHNOLOGY: NEFT seeks 30 million app users this year

A Newport Beach-based startup backed by former heads of Apple, Morgan Stanley and Nordstrom aims to bring transparency to the murky world of credit ratings.

Fearless of Failure

Entrepreneur Bounced Back from Setbacks to Create Again

A cancer diagnosis before he turned 21 changed Hayes Drumwright’s perspective on life and pushed him to take chances on business ventures.

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Clean Energy Reports Losses

Newport Beach-based Clean Energy Fuels Corp. reported lower annual revenue and income and its stock declined in trading Friday.

Blizzard Ends 2015 Strong, Looks Ahead to Releases

Free-to-Play Game Helps Offset Subscriber Losses

Analyzing Blizzard Entertainment Inc.’s performance is a bit trickier these days after the Irvine-based video game publisher stopped disclosing subscription figures for its World of Warcraft franchise, but other metrics point to a strong close to 2015 and positive indicators for the new year.

Layoffs Not In Plans for Ingram

TECHNOLOGY: Sale to Tianjin won’t impact day-to-day operations

It appears the $6 billion deal for Irvine-based Ingram Micro Inc. will not result in the type of layoffs and management changes that ushered in a new era for Broadcom Corp. after its blockbuster sale closed a month ago.

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Fujifilm Moves Optics to OC

The optical device division of Fujifilm North America Corp. has moved its West Coast headquarters from Redondo Beach to the company's facility in Cypress.

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WD Investor Opposes $19B SanDisk Buy

One of Western Digital Corp.’s largest investors plans to vote against its $19 billion takeover of Milpitas-based SanDisk Corp. at a special shareholders meeting next month.

Irvine Outfit Gets Early Stake in Body Camera Trend

Zadara Partners With Firm For Storage, Organization

In Irvine-based startup is providing key technology to a growing number of law enforcement agencies that are equipping officers with body cameras.

NextVR Lands 5-Year Fox Sports Deal

Laguna Beach-based NextVR Inc. will broadcast virtual reality content in a five-year agreement with Fox Sports.

Broadcom Shifts Into Higher Auto Tech Gear

TECHNOLOGY: Patent OK accelerates role in hot segment

A recent patent approval for Broadcom Ltd. highlights the chipmaker’s ongoing push to become an influential supplier in the hot automotive sector.

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Ingram Micro Sold for $6B

Ingram Micro Inc. shares surged more than 21% in midday trading after the Irvine-based company said it’s set to be sold for $6 billion to a Chinese conglomerate.

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NextVR Inks Fox Sports Deal

Laguna Beach-based NextVR Inc. will broadcast virtual reality content in a five-year agreement with Fox Sports.

California Fantasy Sports Regulation Bill Advances

Would Introduce Player Vetting, Operator Licenses

Daily fantasy sports operators and fans in California notched a big win at the state legislature late last month that would pave a path to regulating a booming segment of the gaming world.

Fast-Growing Startup Looks to Speed Up

TELECOM: Ultra Mobile tops $150M in revenue in third year

A Costa Mesa-based startup is rolling out two brands to complement its booming international calling card business.

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Big Job Cuts at Broadcom

San Jose-based Broadcom Ltd. will slash nearly 700 employees in Irvine as part of a nationwide cost-cutting plan under Chief Executive Hock Tan.

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