Orange County Business Journal

CEO, CFO of Lantronix Step Down

The chief executive and chief financial officer of Irvine networking gear maker Lantronix Inc. have stepped down over protracted tensions stemming from a board battle last year.

By Michael Lyster June 27, 2011 10:11 a.m. share »
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Simons’ New House Venture Sells 103 Homes

Ron Simon’s home development near Temecula has sold out

By Michael Lyster June 26, 2011 midnight share »
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Network Chipmaker Raises $14 Million

ClariPhy has raised $14 million in a round of venture funding

By Michael Lyster June 26, 2011 midnight share »

Western Digital Jumps on Bullish Analyst Comments

Shares of Irvine disk drive maker bucked a down day on Wall Street Thursday after an analyst offered an upbeat projection on the company’s performance for the current quarter.

By Michael Lyster June 23, 2011 4:16 p.m. share »

Former Disney, Corinthian Exec Ouimet To Run Knott's Berry Farm Parent

Matt Ouimet, a onetime head of the Disneyland Resort in Anaheim and a former executive at Santa Ana-based Corinthian Colleges Inc., has been tapped to lead the parent company of Knott’s Berry Farm.

By Michael Lyster June 20, 2011 2:55 p.m. share »

Networking Chipmaker ClariPhy Raises $14M

Irvine-based networking chipmaker ClariPhy Inc. has raised $14 million in a round of venture funding led by Europe’s Nokia Siemens Networks.

By Michael Lyster June 20, 2011 9:10 a.m. share »

Medical Services Company Alliance Seeks Debt Deal

Newport Beach-based Alliance Healthcare Services Inc. is looking to borrow $590 million to pay off existing debt.

By Michael Lyster June 19, 2011 midnight share »
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Circuit Board Maker Expands With Plants in China

M-Flex opened two plants in China

By Michael Lyster June 12, 2011 midnight share »

WSJ: Pimco Lost $3.4B Investing in Lehman Debt

Newport Beach-based Pacific Investment Management Co. lost more than $3.4 billion investing in Lehman Brothers Holdings Inc. debt before the investment bank failed in 2008, according to a story in Tuesday’s Wall Street Journal.

By Michael Lyster June 7, 2011 8:17 a.m. share »

Quest Acquires Network Software Maker

Aliso Viejo-based business software maker Quest Software Inc. has acquired a maker of software that boosts access to data stored on various computers on a network.

By Michael Lyster June 6, 2011 6:39 a.m. share »

Wet Seal Sales Rise Less Than Expected

Foothill Ranch-based mall retailer Wet Seal Inc. reported a rise in May sales last week but fell short of the gain analysts were looking for.

By Michael Lyster June 5, 2011 midnight share »

Corinthian Surges on Softened Federal Regulations

Shares of Santa Ana-based vocational school operator Corinthian Colleges Inc. surged Thursday after Education Department officials issued new regulations that weren’t as harsh as feared.

By Michael Lyster June 2, 2011 6:52 a.m. share »

Wet Seal's May Sales Rise But Fall Short of Expectations

Foothill Ranch-based mall retailer Wet Seal Inc. saw a rise in May sales but not as much as analysts were looking for.

By Michael Lyster June 2, 2011 6:30 a.m. share »

Kingston: Undisputed King of Key Computer Memory Market in 2010

Kingston has half of the market for the most common memory in computers

By Michael Lyster May 29, 2011 midnight share »

Stock Sale

Identive Group raised more than $20 million before fees in a stock sale.

By Michael Lyster May 29, 2011 midnight share »

Analyst: Broadcom Could Rival Qualcomm in Key Mobile Phone Chip

Shares of Irvine-based chipmaker Broadcom Corp. were up Friday on bullish comments from an analyst about the company’s processor chips for mobile phones.

By Michael Lyster May 27, 2011 8:57 a.m. share »

Kingston Boosts 2010 Share of Key Memory Market

Fountain Valley-based memory products maker Kingston Technology Co. claimed half of the market last year for the most common memory used in computers.

By Michael Lyster May 25, 2011 7:54 a.m. share »

Identive Outlines Stock Sale, Could Raise $23M Before Fees

Santa Ana’s Identive Group Inc., a maker of scanners, readers, cards and other security devices for buildings and computers, has outlined plans to raise as much as $23 million before fees in a stock sale.

By Michael Lyster May 24, 2011 3:39 p.m. share »

Security Device Maker Selling Shares, Sees Wild Stock Swing

Santa Ana’s Identive Group Inc., a maker of scanners, readers, cards and other security devices for buildings and computers, saw a wild swing on Wall Street Monday capped by an afterhours decline on plans to raise money with a stock sale.

By Michael Lyster May 23, 2011 2:57 p.m. share »

Kofax Paying Up to $10M for Software Company

Irvine-based Kofax PLC is paying up to about $10 million to buy a Massachusetts maker of software for viewing documents online.

By Michael Lyster May 20, 2011 9:42 a.m. share »

Device Maker Cameron Raises $107M

San Clemente-based medical device maker Cameron Health Inc. has raised $107 million in venture funding, one of the larger financing rounds a company based here has seen.

By Michael Lyster May 18, 2011 10:36 a.m. share »

Pimco's El-Erian: No Interest in IMF Job

Mohamed El-Erian, chief executive of Newport Beach-based Pacific Investment Management Co. and a former International Monetary Fund executive, said he’s not interested in heading the IMF.

By Michael Lyster May 18, 2011 8:03 a.m. share »

Electric Vehicle Maker T3 Sees Surge in Amex Debut

Shares of Costa Mesa-based electric vehicle maker T3 Motion Inc. surged Tuesday in their debut on the American Stock Exchange.

By Michael Lyster May 17, 2011 3:22 p.m. share »

Sanofi’s Genzyme Sues Allergan in Royalty Dispute

A unit of France’s Sanofi-Aventis SA has sued Irvine-based Allergan Inc. in a dispute over royalties related to Allergan’s wrinkle treatment Juvéderm.

By Michael Lyster May 16, 2011 3:07 p.m. share »

CoreLogic Ups Size of Debt Offering

Santa Ana-based data services company CoreLogic Inc. has priced and expanded a debt offering that’s set to wrap up this week.

By Michael Lyster May 16, 2011 8:22 a.m. share »

Ista Sees Generic Rival to Eye Drug, as Expected

Irvine-based Ista Pharmaceuticals Inc.’s has seen the debut of a long awaited generic rival to its Xibrom drug for cataract surgery patients.

By Michael Lyster May 16, 2011 8:12 a.m. share »

Newly Private Conexant Draws Investment

Newly private chipmaker Conexant Systems Inc. of Newport Beach has raised an undisclosed amount of funding from a Menlo Park venture capital firm.

By Michael Lyster May 13, 2011 8:01 a.m. share »

Quest Software Invests in Silicon Valley Company

Aliso Viejo-based Quest Software Inc. joined the venture arm of Intel Corp. to lead a $6.5 million funding of a Silicon Valley software developer.

By Michael Lyster May 12, 2011 4:12 p.m. share »

Former Mindspeed CFO Lands at Space Startup

Bret Johnsen, the former chief financial officer of Newport Beach-based chipmaker Mindspeed Technologies Inc., has taken a job at Hawthorne’s Space Exploration Technologies Corp., the space launch startup started by PayPal cofounder Elon Musk.

By Michael Lyster May 12, 2011 7:59 a.m. share »

STEC Hammered After Disappointing Outlook

Shares of Santa Ana-based solid state storage drive maker STEC Inc. plummeted Wednesday, a day after the company offered a disappointing outlook for the second quarter as Japan’s disaster impacts orders.

By Michael Lyster May 11, 2011 2:23 p.m. share »

In-N-Out Opens Texas Restaurants

Irvine-based In-N-Out Burgers Inc. opened its first Texas restaurants on Wednesday to long lines of people, some of whom camped out the night before.

By Michael Lyster May 11, 2011 6:45 a.m. share »

El Pollo Loco Sales Slump, Profits Up on Cuts

The parent company of Costa Mesa-based El Pollo Loco saw sales fall again in the first quarter while shoring up profits with cost cutting.

By Michael Lyster May 10, 2011 7:52 a.m. share »

Blizzard's 'Warcraft' Helps Drive Parent's Results

Irvine-based online game maker Blizzard Entertainment Inc. helped drive first-quarter results for Santa Monica’s Activision Blizzard Inc.

By Michael Lyster May 9, 2011 2:22 p.m. share »

Broadcom, WD, Spectrum Group Up on Fortune 500

Broadcom Corp., Western Digital Corp. and Spectrum Group International Inc. made big jumps on the 2011 Fortune 500 list of the nation’s largest corporations.

By Michael Lyster May 9, 2011 11:05 a.m. share »

Quest Buys Maker of Scanner Management Software

Aliso Viejo-based business software maker Quest Software Inc. has acquired a maker of software that tracks scanners and other imaging devices on corporate networks.

By Michael Lyster May 6, 2011 8:19 a.m. share »

Wet Seal April Sales Rise, Ups Profit Outlook

Foothill Ranch-based mall retailer Wet Seal Inc. reported better than expected April sales and upped its profit outlook for the recently ended quarter.

By Michael Lyster May 5, 2011 8:02 a.m. share »

Quest Software Slumps After Earnings, Revenue Misses

Shares of Aliso Viejo-based Quest Software Inc. opened sharply lower Wednesday, a day after the business software maker missed Wall Street estimates for first-quarter profits and sales.

By Michael Lyster May 4, 2011 6:40 a.m. share »

Volcom Results in Line; Could Be Last With Pending Buyout

Costa Mesa-based clothing maker Volcom Inc. reported a second-quarter profit in line with Wall Street expectations while revenue topped what analysts were looking for on average.

By Michael Lyster May 3, 2011 3:07 p.m. share »

France's PPR Buying Volcom for $608M

The Paris-based parent of Gucci, Puma and other brands has made a $608 million bid for Costa Mesa-based apparel maker Volcom Inc.

By Michael Lyster May 2, 2011 6:42 a.m. share »
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OC 50 Sees Shifts With Changing Economy

OC 50, the Business Journal’s yearbook of the most influential people here in business and beyond, saw newcomers, departures and shifts for 2011, reflecting the county’s evolving economy.

By Michael Lyster May 1, 2011 midnight share »

Microsemi Reports Big Sales, Profit Gains

Irvine-based chipmaker Microsemi reported big gains in first-quarter sales and profits that were in line with Wall Street expectations.

By Michael Lyster April 28, 2011 1:57 p.m. share »

First American Profit Misses on Canada Issue

Santa Ana-based title insurer First American Financial Corp. reported a lower than expected adjusted quarterly profit as it reworked and shored up a policy offered in Canada.

By Michael Lyster April 28, 2011 6:41 a.m. share »

Emulex Shares Slump on Outlook

Shares of Costa Mesa-based Emulex Corp. slumped Tuesday, a day after the networking electronics maker reported a weak outlook for the current quarter.

By Michael Lyster April 26, 2011 9:46 a.m. share »

Pacific Mercantile Sees Big Profit Gain

The parent of Costa Mesa’s Pacific Mercantile Bank saw a big jump in profits for the first quarter as it didn’t have to set aside any more money to guard against loans going bad.

By Michael Lyster April 24, 2011 midnight share »

Report: Chipmaker Solarflare in Talks With Marvell

Irvine’s Solarflare Communications Inc., one of the county’s best-funded chip startups, is reported to be in talks to be bought or sell parts of its business to Santa Clara chipmaker Marvell Technology Group Ltd.

By Michael Lyster April 21, 2011 7:53 a.m. share »

Pacific Mercantile Sees Big Profit Jump

The parent of Costa Mesa’s Pacific Mercantile Bank saw a big jump in profits for the first quarter as it didn’t have to set aside any more money to guard against loans going bad.

By Michael Lyster April 20, 2011 7:53 a.m. share »

Seagate Buying Samsung Drive Unit To Compete With Western Digital

Irvine-based disk drive maker Western Digital Corp.’s pending $4.3 billion buy of Hitachi Global Storage Technologies Ltd. has prompted archrival Seagate Technologies LLC of Northern California to strike a deal of its own.

By Michael Lyster April 19, 2011 1:33 p.m. share »

Pending Deal, Upbeat Seagate Spurring Western Digital

Analysts are upbeat about Western Digital, in Technology

By Michael Lyster April 17, 2011 midnight share »

Court: Ernst & Young Must Face Lawsuit Over Broadcom Options

A federal appeals court has ruled that Ernst & Young LLP must face a lawsuit over its role in stock options backdating at Irvine chipmaker Broadcom Corp.

By Michael Lyster April 14, 2011 12:11 p.m. share »

Sunstone Completes Miami Hotel Sale

Aliso Viejo-based Sunstone Hotel Investors Inc. has completed its sale of a Miami hotel for $130 million.

By Michael Lyster April 13, 2011 2:09 p.m. share »

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