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The U.S. Navy has a to-do list longer than Point Loma: The world is getting more complicated, there’s a fleet to maintain, infrastructure to tend, and only so many bodies. Now, the defense budget is shrinking.
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San Diego State University is more than half way toward raising enough money to build a new basketball practice facility on the campus, which will help it to maintain its status as a rising college hoops power, the university announced.
Overland Storage, the San Diego provider of data storage services, reported fiscal 2014 first quarter revenue of $10.6 million, compared with $11.7 million for the like quarter of the prior fiscal year.
Kratos Defense & Security Solutions Inc. recently said that it received a $5.8 million contract to deploy a specialized security and communication system at a hospital campus.
ViaSat Inc., the Carlsbad maker of satellite equipment and provider of Internet services, reported fiscal 2014 second quarter net income of $1.9 million, compared with a net loss of $7.9 million for the like quarter of last year.
Linear LLC, a Carlsbad manufacturer of security devices for residential and commercial use, recently expanded into a second facility near McClellan-Palomar Airport, adding about 35,000 square feet to its existing plant.
San Diego DNA sequencing company Illumina Inc. has appointed Francis deSouza, a Bay Area computer security executive, as its president. He will join the company in December.
D&K Engineering Inc. reported revenue in the $80 million to $100 million range during the fiscal year that ended Sept. 30. That is up from $63.7 million in 2012 and $37.0 million in 2011.
Covario Inc. co-founder and CEO Russ Mann was elected chairman of the company and will turn over his position of CEO to three current executives, the San Diego-based search engine marketing agency said.
San Diego-based Mobile Learning Networks Inc. received $350,000 in seed funding, the company said recently.
Leap Wireless International Inc., the flat rate carrier doing business as Cricket being sold to AT&T, reported third quarter net losses of $185.4 million compared with a net profit of $25 million for the like quarter of 2012.
San Diego-based Kyocera Communications Inc. said that wireless carrier MetroPCS — which recently kicked off service in the San Diego area — will offer Kyocera’s Hydro XTRM handset.
TECH: Cleaner, More Efficient Engines Are Goals
A young, venture-funded engine technology company has found a partner in one of the country’s most established engine manufacturers.
Here’s a local angle to the upcoming Winter Games. Behind the Scenes Catering, a Sorrento Valley-Mira Mesa-based catering firm, will be cooking meals for 5,000-plus members of the U.S. broadcast and international media, as well as corporate sponsors and athletes, at the 2014 Winter Olympics in Sochi, Russia, come February and March.
TECH: CEO Is Pleased With Year, Expects More Growth
Despite turning in a record year in revenue and earnings, Qualcomm Inc.’s fiscal fourth quarter results didn’t impress the market, which pushed down the stock.