TECHNOLOGY
Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...
Jimmy P is Back, Sees Edge in Small Caps
TECHNOLOGY: Former Microsemi CEO looking for small capsJames Peterson is back in business.Allergan to Buy NB’s Bonti
Allergan PLC announced it will buy Newport Beach-based Bonti Inc. for $195 million.
UCI Gets $9 Million
A new institute will be established at the University of California-Irvine thanks to a $9 million donation by Japanese analytical and measurement system company Horiba Group to the university’s advanced power and energy program.
Photo Prints E-commerce Co. Buys Again
Huntington Beach-based MailPix Inc. bought PrintShopLab, the printing unit of Denver-based Photobucket Corp., on undisclosed terms.
Veritone Sales Sour Traders
Shares of Veritone Inc. (Nasdaq: VERI) plummeted after the company reported second quarter results that missed Wall Street expectations.
Veritone Plans Two Acquisitions
Veritone Inc. shares jumped today after the Costa Mesa-based company announced two pending acquisitions, one for its emerging artificial intelligence business and the other for its media-buying arm.
Nicholas Hires Top Defense Firm
Broadcom cofounder and billionaire philanthropist Henry Nicholas III has hired one of the most prolific, and high-profile defense attorneys in Nevada after his arrest late Wednesday night on suspicion of trafficking heroin, methamphetamine, ecstasy and cocaine.
Acacia Management Ousted, Board Resigns
Senior management of Acacia Research Corp. will leave the company by Friday and all board members who were in place before a recent proxy fight at the company have resigned.
Alteryx Up
Shares in analytics software maker Alteryx Inc. rose on its quarterly report, which included higher sales that beat expectations.
Skyworks to Buy Avnera for $405M
Skyworks Solutions Inc. has agreed to buy analog chip systems maker Avnera Corp. for $405 million in cash.
Quality Systems Revenue Up
Irvine-based Quality Systems Inc. (Nasdaq: QSII) reported $133.2 million in revenue for its latest quarterly results, a 1.7% year-over-year increase.
Vizio Launches Streaming Service
Irvine-based Vizio Inc. has launched a free streaming service in an effort to corral cord cutters who have ditched traditional cable services.
Hospitality Platform Names CEO
BirchStreet Systems Inc. in Newport Beach promoted Stephen Markle to chief executive, succeeding founder Sushil Garg.
Unemployment Rises to 3.3%
Orange County’s unadjusted unemployment rate rose to 3.3% in June, up from a revised 2.6% in May and down from 3.7% a year ago, according to the state’s Employment Development Department.
ESPN, Disney to Broadcast Overwatch League
ESPN, Disney XD and its family of networks will broadcast matches of Blizzard Entertainment Inc.’s Overwatch League in another major development in the booming esports scene.
AutoGravity’s Co-Founder Departs as CEO
Andy Hinrichs in May departed as chief executive of AutoGravity, an award-winning fintech company he co-founded in 2016, the Business Journal has learned.
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