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.

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Simons’ New House Venture Sells 103 Homes

REAL ESTATE: cabinetmaker sells out first major development

Ron Simon’s home development near Temecula has sold out

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Network Chipmaker Raises $14 Million

TECHNOLOGY: ClariPhy’s raised estimated $50M to date

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

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.

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.

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.

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.

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Circuit Board Maker Expands With Plants in China

TECHNOLOGY: move part of long-running production shift

M-Flex opened two plants in China

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.

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.

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.

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.

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.

Kingston: Undisputed King of Key Computer Memory Market in 2010

TECHNOLOGY: Company has half of DRAM module market

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

Stock Sale

Security Device Maker Identive Sells Shares; Wild Stock Swing With NXP Deal, Offering

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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.

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.

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.

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.

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.

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.

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.

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.

Pending Deal, Upbeat Seagate Spurring Western Digital

Drive Industry Could See Stable Demand, Prices

Analysts are upbeat about Western Digital, in Technology

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.

Sunstone Completes Miami Hotel Sale

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

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