Chris Casacchia covers technology, aerospace and defense and sports. He can be reached at email@example.com.
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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.
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.
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.
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.
TECHNOLOGY: Bish’s patience leads to biggest catch
It took Reynolds Bish six years to catch his biggest fish.
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.
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.
TECHNOLOGY: Ad services company grows fast
ConversionPoint Technologies Inc. made quite a statement last week.
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.
‘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.
Shares of Skyworks Solutions Inc. are down after the chipmaker provided December quarter revenue and earnings targets below Wall Street expectations.
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.
All three major indexes increased more than 1% in midday trading in the first session following the midterm elections.
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.
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.
Oculus Co-Founder Iribe Excited for ‘Next Chapter’
Sometimes investing in a neighbor doesn’t work out as planned.
TECHNOLOGY: Raises $25M from Microsoft, Intel
Irvine-based chip startup Syntiant Corp. attracted some of tech’s biggest names in its second funding round.
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.
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.
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.
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.
The Los Angeles Angels of Anaheim today opted out of their lease at Angel Stadium, where they have played home games since 1966.
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.
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.
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.
Los Angeles Chargers majority owner Alexander Gus Spanos died Tuesday morning. He was 95.
Irvine-based independent gaming studio Obsidian Entertainment Inc. is set to be sold to tech giant Microsoft Corp., according to published reports.
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.
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.
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 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 Entertainment Inc. cofounder and President Mike Morhaime is ceding his executive role to “World of Warcraft” Executive Producer J. Allen Brack.
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
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.
$40M Funding in June; CEO Seeks More
Ice Energy is on fire.
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.
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.
Toshiba Updates Facility; OC iPhone Connections
Costa Mesa-based Veritone Inc. is on a buying spree, closing its third deal in the last month.
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.
Soccer Club Plays Online; One Stop in Quick Deal
The Boeing Co.’s sprawling Defense, Space and Security division in Huntington Beach will not benefit from the unit’s new $805 million contract from the Department of Defense to manufacture the U.S. navy’s first carrier-based drone.
AUTOMOTIVE: Firm uses AI to find defective parts
The nation’s largest auto safety recall a decade ago provided a foundation to build one of the fastest-growing startups in Orange County.
Xentaurs LLC, a fast growing IT consultancy established in 2016, has relocated and expanded into new offices at University Research Park for its new Irvine headquarters.