TECHNOLOGY
Lantronix Reports Higher Revenue, Lower Loss
Irvine-based Lantronix Inc. (Nasdaq: LTRX) reported net revenue of $12.3 million, up 16% year-over-year, and a net loss of $83,000, an 87% improvement, in its most recent quarter.
Spectrum Pharma Names CMO
Spectrum Pharmaceuticals Inc. (Nasdaq: SPPI) named Francois Lebel as chief medical officer, overseeing the company’s clinical program including directing clinical trials and development as well as regulatory submissions.
Microsemi Execs Sue Microchip
Ousted Microsemi Corp. Chief Executive James Peterson and three of his former executives are suing Microchip Technology Inc. and its executives for alleged slander, libel and unfair business practices.
Vizio Reaches $17M Settlement in TV Spying Lawsuit
Vizio Inc. has reached a $17 million preliminary settlement related to a class action lawsuit filed in Santa Ana in 2016 that alleged the Irvine-based company tracked the viewing habits and demographic information of its smart TV viewers and sold that data.
Blizzard Cofounder Cedes President Role
Blizzard Entertainment Inc. cofounder and President Mike Morhaime is ceding his executive role to “World of Warcraft” Executive Producer J. Allen Brack.
Incipio Names CEO
Tom Park has been named chief executive of Irvine-based consumer tech firm Incipio Group, the company said on Thursday.
OrigAudio Acquired by HUB
Fountain Valley-based consumer electronics company OrigAudio LLC has been acquired by HUB Promotional Group in Braintree, Mass. for an undisclosed sum.
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.
