Kevin Costelloe

Staff Reporter

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

Recent Stories

Amazon Likes Syntiant

Chips from Syntiant Corp. in Irvine will power products using Amazon’s Alexa voice service, including devices that need the most power.

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Midday Stock Roundup

The S&P 500 was down 0.2% at 2,918.91 in midday trading. (continue reading)

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The Dronefather’s Next Flight

AEROSPACE: Karem turns to peacetime aerial taxis

Aircraft legend Abe Karem, renowned for his drone work that’s transformed warfare, said he is sure the technology in his electric-powered air taxi “Butterfly” will be a success, potentially revolutionizing the way people scoot around major cities in peacetime.

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Esports CEO Ng: Huge Potential for New Public Co.

GAMING: $200M+ reverse merger complete

Allied Esports Entertainment Inc., an Irvine-based company that runs venues and live events for online gaming enthusiasts, sees major growth possibilities for the competitive side of the industry.

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Soberlink Makes Tests Cheat-Proof

Breathalyzers Have Facial Recognition

Soberlink said clients monitored for alcohol abuse try to beat its breathalyzer system every day, but they’re caught with help from the sophisticated technology in the company’s wireless-connected devices.

Amazon Selects Irvine For Scout Robot Delivery

Washington State Trial; Says Feedback Positive

Amazon said it’s getting positive feedback for its six-wheeled delivery robots, called Scout, that have been deployed onto the sidewalks of Irvine on a test basis.

Part-Time Instruction A Hit for Web Development

LearningFuze for Those With Job, Commitments

LearningFuze LLC, one of several web development boot camps in Orange County, said it’s found a way to reach more students by offering part-time instruction as an alternative to a 12-week full-immersion course.

Amazon ‘Scouts’ Irvine

Amazon.com Inc. (Nasdaq: AMZN) is testing delivery robots in Irvine.

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Alteryx Names New CMO

Irvine-based data analytics company Alteryx Inc. (Nyse: AYX) hired Amy Heidersbach as chief marketing officer to help fuel further growth.

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Midday Stock Roundup

The three major U.S. indexes all rose more than 1.5% on word that the Trump administration has delayed until Dec. 15 new tariffs on some Chinese imports while cutting other Chinese-made products from the list of those facing new duties.

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Rocket Lab Aims For Weekly Launch

AEROSPACE: Plans helicopter capture, reuse of Electron rocket

Rocket Lab, an aerospace manufacturer and small satellite launcher that’s raised nearly $290 million to date, thinks a new focus on rocket reusability can help it significantly ramp up the pace of its closely watched operations.

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Hookah Warning From UCI

Hookah smoking may be trendy among college students, but University of California-Irvine researchers have warned about its dangers.

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Rocket Race

Rocket Lab’s Electron rockets can hold a payload running close to 500 pounds.

Surf’s Up, With a Little Help from Tech

Surfline’s App Provides Video Clips of Wave Rides

Huntington Beach-based Surfline, the go-to site for surf reports, has a new way to keep track of all those waves you surfed today via a special app that sends video right back to your iPhone.

Cloudvirga Promotes Sogorka to CEO

MORTGAGES: Schreck leaves after two-year stint

Irvine’s Cloudvirga, a mortgage software company that has raised more than $77 million from investors since its 2016 founding, has promoted Daniel Sogorka to be the company’s new chief executive.

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ShiftPixy Sees Bright Future Despite Mounting Woes

Technology: Investors not impressed with sales boost

Scott Absher, the chief executive of tech-based temp agency ShiftPixy Inc., admits the firm’s current financial picture isn’t pretty.

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Site Seeks Techies For Agricultural Jobs

Western Growers Helping Farmers Find Employees

Irvine-based farm trade organization Western Growers has started an online job board to match up young people who have technological and science backgrounds with jobs in the agriculture field.

UCI Cybersecurity Trip To SE Asia Canceled

May Seek Companies For Barcelona’s Mobile Meet

Lack of interest has led to the cancellation of a University of California-Irvine-hosted cyber protection trade mission to Singapore and Malaysia starting next month, and possible destinations for a rescheduled trip include Barcelona for the Mobile World Congress next year.

Surf App Taps Wave Lovers

Huntington Beach-based Surfline has put its app on the Apple Watch.

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Rocket Lab: We Can Re-Use Electron Launcher

Rocket Lab of Huntington Beach has presented plans to recover and re-fly the first stage of its Electron launch rocket, eventually capturing the vehicle by helicopter in mid-air.

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Alteryx Plans to Offer $700M in Convertible Notes

Irvine-based data analytics software maker Alteryx (Nyse: AYX) intends to offer $350 million of convertible senior notes due 2024 and $350 million of senior convertible notes due 2026, the company said in a statement today. Some of the proceeds may be used for acquisitions.

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Midday Stock Roundup

The S&P 500 was up 0.3% to 2,853.76 during midday trading.

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Palmer Luckey’s Anduril Gets Boost from US Marines

Palmer Luckey’s Anduril Gets Boost from US Marines

Oculus founder Palmer Luckey’s closely watched surveillance startup Anduril Industries will be helping to protect four U.S. Marine bases, in a possible step toward expanding the defense and security-focused tech firm’s services guarding the U.S.-Mexico border.

Toshiba Extends Deal For Staples Center, LA Live

Multimillion-Dollar Renewal of Partnership

Toshiba America Business Solutions Inc. of Lake Forest has extended a longstanding relationship with sports entertainment company AEG.

Skyworks Readies For Further Moves Into 5G

‘Strategically Aligned’ For Next Gen of Wireless

Skyworks Solutions Inc. has introduced an array of components to support the shift to 5G, the next phase in global wireless telecommunications.

Toshiba Expands AEG Deal

Toshiba America Business Systems in Lake Forest extended and expanded a sponsorship deal with entertainment venue operator AEG.

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ShiftPixy Names New Finance Chief

Irvine-based ShiftPixy Inc., (Nasdaq: PIXY), a tech-based temp agency for restaurants, named Domonic Carney chief financial officer, replacing Patrice Launay, who is leaving a company that has steadily lost value this year.

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Midday Stock Roundup

The S&P 500 was down 0.3% at 3,011.02 during midday trading.

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Stoecker’s Aces

TECHNOLOGY: Newly minted billionaire has appetite for more

Dean Stoecker officially joined the billionaire ranks earlier this month.

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CalAmp Tells Transporters: Get With the Amazon Program

Adapt to Keep Freight Biz, CEO Burdiek Says

For Irvine-based CalAmp Corp. the advice to transport companies is this: get with Amazon’s technology requirements or risk losing business.

Tech Investment Here Robust, Report Says

$100M Quarterly Figure Reached Again

Technology investment is alive and thriving in Orange County, says commercial real estate services firm JLL.

Digital Map Finds Unified Directions After Sale

TECHNOLOGY: Developers get ahead of the curve

Digital Map Products Inc. of Irvine says it brings plenty of location technology expertise to its recently created, new private equity-backed owner LightBox, and benefits flow the other way, too.

UCI Team Develops Ultra-Fast Chip

6G Commercialization In Two Years?

University of California-Irvine scientists chasing the “Holy Grail” in high-speed wireless communications technology have moved a major step forward by developing silicon chips that are at least four times faster than the speed of the upcoming 5G wireless standard.

CalAmp’s Burdiek on “Amazon Effect”

Irvine-based CalAmp Corp. (Nasdaq: CAMP) said transport and logistics companies need to get on-board with how Amazon works or risk losing business.

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Team Researching 6G Chip

A University of California-Irvine team is working to develop a 6G communications chip.

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Edwards Q2 Report Sends Shares Up

Irvine-based Edwards Lifesciences Corp. (NYSE: EW), the most valuable publicly traded company based in Orange County, reported second-quarter sales climbed higher-than-expected 15% on increasing demand for its transcatheter aortic valve replacements.

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Toshiba, AEG Extend Deal

Toshiba America Business Solutions Inc. in Irvine and sports entertainment company AEG are extending a partnership.

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Midday Stock Roundup

The S&P 500 was up 0.3% to 2,993.28 during midday trading.

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Synoptek’s Technology Offerings in Overdrive

SERVICES: $100M now; CEO Britt seeks more

Synoptek LLC looks poised to become Orange County’s next tech company with sales topping $100 million this year.

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ShiftPixy Revenue, Losses Up

Irvine-based ShiftPixy Inc., (Nasdaq: PIXY), a tech-based temp agency for restaurants, said third-quarter revenue increased 53% to $14.3 million, compared to $9.4 million for the third quarter of fiscal 2018.

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Veritone Gets New Radio Station User

AI Keeps Track Of Ad Spending

Costa Mesa-based Veritone Inc. says that Cox Media Group isn’t the only big-name broadcaster interested in the company’s artificial intelligence applications.

No Junk, No Jerks Allowed at Swappa

Gently-Used Tech Marketplace Opens

Swappa LLC, a Kansas City-based online marketplace for “gently used technology,” recently launched a local service in Orange County, one of the first outside its hometown, boasting a “no junk policy” to protect consumers.

Epson’s OC Move Comes With Growth Plans

Will Be No. 2 Employer in Los Alamitos

Printer and scanner manufacturer Epson America Inc. says it’s making room for a hefty increase in growth and employee numbers when the company’s headquarters moves from Long Beach to Orange County a year from now.

OC Unemployment Rate Rises to 3%

Orange County’s unadjusted jobless rate rose to 3% in June, up from a revised 2.4% in May and below the year-ago estimate of 3.2%, according to the state Employment Development Department.

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Epson’s OC Move to Bring 600+

Epson America Inc.’s move of its headquarters from Long Beach to Los Alamitos next year will bring 600 workers to OC, the company said, with room to grow that to more than 700 over time.

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Veritone Expands Radio Deals

Costa Mesa-based Veritone Inc. (Nasdaq: VERI) said it expects more broadcast clients of its artificial intelligence-based ad tracker.

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Allied Universal Buys Phoenix Security Firm

Santa Ana-based security and facility services giant Allied Universal bought Phoenix-based Shetler Security Services on undisclosed terms.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading at 3,004.47.

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Ingram Still Buying

Ingram Micro closed on the purchase of Abbakan, a Paris-based cybersecurity services firm, on undisclosed terms.

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Small Companies Need Cyber ‘Education’

Employees Are ‘Weakest Link’ in Protection

A company’s employees are the “weakest link” in protecting against cybersecurity breaches that need to be covered by insurance, according to Mike Grant, the director of Aliso Viejo-based Marsh & McLennan Agency’s technology practice group.

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