Chris Casacchia

Technology Editor/Reporter

Chris Casacchia covers technology, aerospace and defense and sports. He can be reached at casacchia@ocbj.com.

Email: casacchia@ocbj.com
Phone: 949-833-8373 Extension: 225

Recent Stories

Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,637.04.

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Spireon’s New Owner To ‘Accelerate Growth’

TECHNOLOGY: Sees tracking potential in every new vehicle

Vehicle-location services provider Spireon Inc. found itself being tracked in the past year.

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Microchip Executives Blast Microsemi’s ‘Extravagance’

WDC Names Alexy; Irvine App for Inspectors

Executives at Arizona-based Microchip Technology Inc. are still blaming some of its corporate problems on the $10.3 billion acquisition in May of Microsemi Corp. in Aliso Viejo.

Kingston’s HyperX Wins Naming Rights to Esports Arena

GAMING: Post Malone to promote products

HyperX is closing 2018 like a rock star.

Midday Stock Roundup

The major indexes all fell today amid heightened recessionary fears, doubts on the U.S. trade agreement with China and an overall down day for tech stocks.

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Karma Picks Drive Motors’ Online App to Spur Sales

VERI’s Wild Ride Endures; Microsoft Vets InXile

Irvine’s luxury automaker Karma Automotive LLC struck a deal with San Francisco-based Drive Motors Inc., which specializes in online checkouts that help auto dealerships boost sales.

OC’s Carmakers Unveil Latest at LA Auto Show

Automotive: Hyundai unveils flagship SUV

Orange County’s cadre of automakers revealed the global launches of several models and concept designs last week at the largest auto show on the West Coast.

Obsidian, InXile Join Microsoft Games Juggernaut

GAMING: Software giant buys independent OC studios

Microsoft Corp.’s new quest to become the Netflix of video game streaming and original content picked up steam and talent with the recent buy of two local independent studios.

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Kofax CEO Explains $400M Document Imaging Buy

TECHNOLOGY: Bish’s patience leads to biggest catch

It took Reynolds Bish six years to catch his biggest fish.

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Universal Electronics Announces New AI Remotes

Ducommon Sales Up 15%; Diablo Fans Mad as Hell

It’s earnings season, and here’s a snapshot of the most recent quarterly performances and outlooks of several local technology companies traded on the big boards.

Blackberry’s $1.4B Bet on Cylance Security

TECHNOLOGY: Shock sale of high-flying Irvine Co.

Cylance Inc. has grown into one of the most trusted names in software security, and a deep-pocketed buyer in the midst of a big corporate reinvention has taken notice.

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Midday Stock Roundup

The S&P 500 fell 0.5% to 2,709.38.

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ConversionPoint Buys AI Firm; Plans to Go Public

TECHNOLOGY: Ad services company grows fast

ConversionPoint Technologies Inc. made quite a statement last week.

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Midday Stock Roundup

The S&P 500 fell 0.3% to 2,734.92.

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New Mobile Offering Takes Center Stage at Blizzcon

‘Diablo’ Game Under Watch of New President

Blizzard Entertainment Inc. will release its first multiplayer, action role-playing video game for mobile devices in another evolutionary turn for the Irvine-based publishing giant.

IT Provider Impact Opens Anaheim Store, Sponsors Ducks

Skyworks in CityTouch; Crowdstrike $3B+ IPO

An Illinois-based IT service provider’s aggressive expansion in Orange County includes a showroom in Anaheim and a sponsorship deal with the Anaheim Ducks and Honda Center.

Skyworks Shares Down on Guidance

Shares of Skyworks Solutions Inc. are down after the chipmaker provided December quarter revenue and earnings targets below Wall Street expectations.

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Alteryx Q3 Revenue Up

Alteryx Inc. reported revenue increased 59% year-over-year to $54.2 million while posting a narrower loss of $244,000, compared to a loss of $3.3 million in the same period a year ago.

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Midday Stock Roundup

All three major indexes increased more than 1% in midday trading in the first session following the midterm elections.

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Slow Progress On Gender Front

Women Make More Inroads On Public Co. Boards as Law Ups Pressure

Orange County’s most valuable public companies are taking steps to increase the diversity of their boardrooms.

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Samueli Finds a New Calling: Healthcare Advocacy

Broadcom Founder Gives Insight Into New Focus

Henry Samueli is best known as the billionaire brains behind chipmaker Broadcom Inc. and the owner of the Anaheim Ducks. Nowadays, the 64 year old with an engineering doctorate, while still committed to his strategic role as chief technical officer at Broadcom, is a healthcare advocate.

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Acacia Research Takes $5.5M Hit on Veritone Shares

Oculus Co-Founder Iribe Excited for ‘Next Chapter’

Sometimes investing in a neighbor doesn’t work out as planned.

Syntiant Draws Investment from Tech’s Heavy Hitters

TECHNOLOGY: Raises $25M from Microsoft, Intel

Irvine-based chip startup Syntiant Corp. attracted some of tech’s biggest names in its second funding round.

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Midday Stock Roundup

The S&P 500 was up 0.8% 2,662.44.

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Airworthy Cabin Prepares for Takeoff in Business

Luckey Tweets New Jobs; BMC Vet Joins Veritone

Airworthy Cabin Solutions LLC’s new production facility in Anaheim gives the aircraft interior products maker a lot more legroom.

Iteris Revenue Speeds Up, Then Hits Red Light

Shares of Santa Ana Firm Stalling

Iteris Inc. (Nasdaq: ITI) grew its top line 23% in the past two years as more local and state governments installed “smart” transportation systems.

Midday Stock Roundup

The S&P 500 was down 0.9% to 2,716.10.

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Broadcom Fights ‘Fake’ Memo on CA Tech Purchase

Cylance Teaches Classes; Soccer Club Hires Gamers

San Jose-based Broadcom Inc., which has more than 1,000 workers at its Irvine operations, says a memo claiming the Department of Defense is probing its pending deal for CA Technologies is fake.

Aerospace, Defense Firms Add Few OC Employees

Seeing Pickup as Pentagon Expands Military Budget

Local employment at Orange County’s largest aerospace and defense contractors was flat in the past year in a wave of industry consolidation and increased spending on national defense.

Angels Opt Out of Lease

The Los Angeles Angels of Anaheim today opted out of their lease at Angel Stadium, where they have played home games since 1966.

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Microsemi Executives Sue Microchip for Libel

TECHNOLOGY: Suit confirms bitter split

The honeymoon between executives at Microsemi Corp. and Microchip Technologies Inc. is officially over, four months after a $10.2 billion megadeal that began the two chipmaker’s marriage.

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Midday Stock Roundup

U.S. stocks jumped on a broad rally across all 11 sectors of the S&P 500, which rose 1.5% in midday trading to 2,791.69.

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Investors Hear Pitches From Clean-Tech Companies

Palo Alto Networks Exec Joins Alteryx’s Board

More than 70 investors, from seed backers to established venture capitalists, lined up on Oct. 3 to hear the latest pitches by companies in the clean-technology industry.

Chargers’ Spanos Dies

Los Angeles Chargers majority owner Alexander Gus Spanos died Tuesday morning. He was 95.

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Microsoft May Buy Irvine Gaming Studio

Irvine-based independent gaming studio Obsidian Entertainment Inc. is set to be sold to tech giant Microsoft Corp., according to published reports.

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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.

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Midday Stock Roundup

The S&P 500 fell 0.1% in midday trading to 2,880.64.

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Cirrus Insight Sells Majority Stake, Aims to Scale

CoreLogic Assays Florence; Diablo to Be Netflix Series?

Houston private equity firm Clovis Point Capital bought a majority stake in Irvine-based business software maker Cirrus Insight.

IT Consulting Riding Esports Wave for Growth

TECHNOLOGY: Verys aims for $50M in sales

Chris Antonius and Mike Zerkel are partial to a particular Peet’s Coffee on Portola Parkway in Irvine.

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.

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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.

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Cloudvirga’s Latest Innovation: New HQ

University Research Park Spot Will Double Presence

Irvine-based startup Cloudvirga Inc. is planning to double in size with a move to new headquarters at University Research Park

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,929.35.

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Lantronix’s Latest: $10M Offering and Stock Drop

Some Proceeds Earmarked For IoT-Related Purchases

Irvine-based networking gear maker Lantronix Inc. has raised $10 million in a public offering, and has its eyes on using some of the proceeds to beef up its product line.

Ice Energy Heats Up With New Residential Biz

$40M Funding in June; CEO Seeks More

Ice Energy is on fire.

Chargers See Progress on $5B Inglewood Stadium

SPORTS: Will move from NFL’s smallest venue in 2020

Forty miles northwest of its current headquarters in Costa Mesa, construction on the new home of the Los Angeles Chargers is moving ahead at fast pace.

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Ingram Micro on Sales Block Once More

TECHNOLOGY: Chinese owner may take 8% haircut to unload

Consultants, investment banks and potential buyers are zeroing in on a valuation for Ingram Micro Inc. as chatter picks up again that its Chinese parent is selling the Irvine-based distribution giant.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,922.16.

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Veritone Buys Machine Box for AI Technology

Toshiba Updates Facility; OC iPhone Connections

Costa Mesa-based Veritone Inc. is on a buying spree, closing its third deal in the last month.

Mavenlink, Prepping for IPO, to Double OC Headcount

SOFTWARE: Goldman, Carrick among top investors

Business software maker Mavenlink Inc. has laid out an aggressive local expansion plan as it eyes an initial public offering.

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