San Diego Business Journal

Three Investors Contribute $2 Million to EdgeWave Inc.

San Diego-based EdgeWave Inc., which makes cyber security software, said on Dec. 17 that three investors contributed $2 million more to the company’s series A funding round. EdgeWave is pulling together funds to expand the company.

Cubic Corp. Acquires DTECH LABS for $114.5 Million

Cubic Corp. said on Dec. 16 that it acquired DTECH LABS Inc., a Virginia company specializing in radio technology for military, government and commercial customers, for as much as $114.5 million.

Northrop Grumman Sells 4 Aircraft to South Korea for $657 Million

Northrop Grumman Corp. sold four Global Hawk unmanned reconnaissance aircraft to South Korea for $657 million.

Rock My World Adds New Feature to Music App

Downtown-based Rock My World has trotted out a new feature on its RockMyRun music app for iPhones — one that plays tunes in synch with a listener’s heartbeat.

Santa Ysabel Tribe Ordered to Shut Down Online Bingo Operation

A federal judge ordered the Iipay Nation of Santa Ysabel to shut down its Internet bingo operation.

Army Awards General Atomics $114.6 Million Contract Modification

The U.S. Army said on Dec. 15 that it awarded a contract modification worth $114.6 million to General Atomics Aeronautical Systems Inc.

Four Chinese Companies to Share $40 Million From Qualcomm

Qualcomm Inc. said on Dec. 11 that it plans to put $40 million into four promising Chinese companies working in the mobile and wireless space, as well as a fund for China-based companies in the semiconductor space.

Rob Chandhok, Former Qualcomm Exec, to Head Startup

Rob Chandhok, a former senior vice president with Qualcomm Technologies Inc. who left the company earlier this month, broke his silence about his future plans.

Qualcomm to Invest $40 Million in Four Chinese Companies

Qualcomm Inc. said on Dec. 11 that it plans to put $40 million into four promising Chinese companies working in the mobile and wireless space, as well as a fund for China-based companies in the semiconductor space.

Ex-Qualcomm Executive Joins San Francisco Startup

Rob Chandhok, a former senior vice president with Qualcomm Technologies Inc. who left the company earlier this month, broke his silence about his future plans.

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Drones Will Have Extended Reach in a Variety of Fields

Mobility enters a new dimension with the arrival of very mobile unmanned aircraft, coupled with cameras that take video and still images, and software able to stitch together images.

GA-ASI System to Help Drones Steer Clear of Other Aircraft

The people who build remotely piloted aircraft in Poway are also busy developing collision avoidance technology.

App for Digital Photos Allows Users to Say Goodbye to TMI

SOFTWARE: Partnership Possibilities Include the Military, Internet Companies

Deacon Johnson approaches his software business with the righteous indignation of a parent.

Low Gas Prices Don’t Pump Up All Profits

ECONOMY: Long-Term Deals Lock in Prices for Some Buyers

The recent spectacular decline in oil prices might make a casual observer assume that businesses and institutions that run fleets are all saving money.

Navy Awards Raytheon $38.5 Million Contract Modification

Raytheon Co.’s Integrated Defense Systems unit in San Diego received a $38.5 million U.S. Navy contract modification, the Navy announced on Dec. 11.

Cisco Agrees to Provide Funding to Koriist

Koriist, a high-tech company in residence at EvoNexus’ downtown technology incubator, has been chosen for funding by Cisco Systems Inc., according to Rory Moore, CEO of EvoNexus.

Qualcomm Plans to Lay Off or Transfer 600 Workers

Chipmaker Qualcomm Inc. acknowledged on Dec. 10 that it plans to transfer or lay off about 600 workers, with half in California and half outside the country.

3E Co. Announces Opening of Office in Tokyo

Looking to grow its business in the Asia Pacific region, Carlsbad-based 3E Co. has opened a new office in Tokyo.

Cubic Corp. Receives $12 Million Contract From Canadian Government

Kearny Mesa defense contractor Cubic Corp. said on Dec. 9 that it received a $12 million contract amendment to provide urban warfare training aids for the government of Canada.

Kratos Subsidiary Receives Contract for Company in Qatar

Kratos Defense & Security Solutions Inc. said on Dec. 8 that one of its subsidiaries received a contract to provide ground electronics to a satellite company in Qatar.

Cubic Corp. Receives Potential $1.3 Million Navy Contract

Cubic Corp. said on Dec. 8 that it received a contract to improve U.S. Navy electronics, specifically a data link system that handles video among other types of data. The work could be worth as much as $1.3 million.

Defense Secretary Pick Gets Initial Nod From Local Military Group

President Obama’s Dec. 5 nomination of Ashton Carter to be secretary of defense has attracted commentary from observers inside and outside the Washington beltway. Larry Blumberg, executive director of the San Diego Military Advisory Council, said the nomination might be a good sign.

Local Military Group Weighs in on Defense Secretary Nomination

President Obama’s Dec. 5 nomination of Ashton Carter to be secretary of defense has attracted commentary from observers inside and outside the Washington beltway. Larry Blumberg, executive director of the San Diego Military Advisory Council, said the nomination might be a good sign.

Cymer Sheds New Light on How to Build Smaller Microchips

Cymer LLC introduced a new laser light source, an essential component for the machines that turn out microchips, this month.

Pala Tribe Launches Online Gambling Site – in New Jersey

GAMING: State Sues Santa Ysabel Tribe Over Bingo Website

Two local American Indian bands raised their profiles recently, as one put its name out to New Jersey gambling enthusiasts, and the other drew legal fire from California’s attorney general.

U.S. Navy Teams With ASU to Create Tech Accelerator

The U.S. Navy has teamed up with Arizona State University to create a new technology transfer organization in San Diego.

Northrop Grumman Delivers Unmanned Copter to U.S. Navy

Northrop Grumman Corp. announced that it delivered the first operational large version of its MQ-8 Fire Scout, an unmanned helicopter, to its U.S. Navy customer.

Executive Rob Chandhok Confirms Departure From Qualcomm

Rob Chandhok, a senior executive with 14 years of experience at Qualcomm Inc., has left his position.

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Return to Roots

TECH: Alex Mashinsky Hopes to Restore Startup Vibe at Novatel Wireless

Alex Mashinsky is more familiar to the denizens of New York than San Diego.

U.S. Navy Teams with ASU to Create Tech Accelerator

The U.S. Navy has teamed up with Arizona State University to create a new technology transfer organization in San Diego.

Military Exercises $10.1 Million Option with Miramar Transportation

The U.S. Transportation Command announced on Dec. 1 that it exercised a six-month option of an existing contract with Miramar Transportation Inc.

Cubic Corp. Awarded $1.2 Million Contract by Latvia

Kearny Mesa-based Cubic Corp. said on Dec. 2 that it received a $1.2 million contract to provide laser-based military training equipment to the Baltic country of Latvia.

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Cymer Introduces New Machine to Produce Microchips

Cymer LLC of Rancho Bernardo has introduced a new laser light source for microchip manufacturing.

San Diego Companies Receive SPAWAR Contract Modifications

Kratos Defense & Security Solutions Inc. and Computer Science Corp., both of San Diego, were among nine contractors to receive one-year contract modifications to support SPAWAR, the U.S. Navy’s information technology command.

Santee Company to Compete for $240M Worth of Army Task Orders

A&D GC Inc. of Santee is one of five small businesses that will be able to compete for $240 million worth of task orders from the U.S. Army Corps of Engineers over the next five years, the Army recently announced.

Testing Begins on General Atomics’ New Catapult for Carriers

Steam’s days are numbered, at least when it comes to shooting an aircraft off a carrier deck.

App Lets Exercisers Get Their Music and Movement in Sync

SOFTWARE: Co. Sees Partnership Possibilities With Sports Apparel Firm

As a runner, Will Turner cares about pace. As a musician, he cares about tempo. And as a businessman, he cares about scale.

Navy Plans $800M Site For SEALs in Coronado

DEFENSE: Final Decision on 10-Year Project Likely in 2015

The U.S. Navy is eyeing the southern portion of Coronado’s Silver Strand for a 1.5 million-square-foot construction project that will take 10 years to finish, and will mean up to $800 million in business for Navy contractors.

Cubic Corp. Reports Q4 Net Income of $32.8 Million

Cubic Corp. reported net income of $32.8 million on record quarterly sales of $396.4 million during its fourth quarter, which ended Sept. 30. For the year, Cubic (NYSE: CUB) reported net income of $69.5 million on annual sales of $1.398 billion.

Cubic Corp. Gets $51 Million in Orders from U.S. Army

Cubic Corp. said on Nov. 24 that it received more than $51 million in orders from the U.S. Army for laser-based equipment to be used during war games.

San Diego Port Unaffected by Work Slowdown So Far

The reported work slowdown at the Los Angeles and Long Beach container ports is having no effect on operations at the Port of San Diego, according to a port spokeswoman.

CommNexus to Host Lecture on Internet of Everything

Cisco Systems Inc. executive Mala Anand and Qualcomm Inc.’s Raj Talluri will explore the Internet of Everything on Dec. 10 as part of the CommNexus Headliners lecture series.

Qualcomm Sells Taiwan Factory for $85 Million

Qualcomm Inc. sold its Mirasol display factory in Taiwan, and the equipment in it, to Taiwan Semiconductor Manufacturing Co. Ltd. for $85 million, according to a securities filing.

Cisco, Qualcomm Execs to Discuss Internet of Everything

Cisco Systems Inc. executive Mala Anand and Qualcomm Inc.’s Raj Talluri will explore the Internet of Everything on Dec. 10 as part of the CommNexus Headliners lecture series.

Qualcomm Sees Cloud-Computing Servers as a Target Market

TECH: Company Still Dealing With Problems In China Market

Qualcomm Inc. sees a future in servers for data centers, specifically for cloud computing, the company’s CEO said Nov. 19.

Wireless Transmission Makes Quick Work of Previous Record

For starters, something short and fast: Swedish researchers led by Herbert Zirath recorded the fastest wireless data transmission ever, offering details during a convention in San Diego last month.

Predictive Cloud Puts Retailers A Step Ahead of Shoppers

TECH: Software Shapes Online Shopping Experience Through Variety of Factors

Love it or hate it, it’s the time of year to shop. Those who venture onto the Internet this week may encounter a San Diego company and not even know it.

Net Neutrality Debate Over Internet Regulation

TECH: President Sees Telecommunications Act As Enforcement Tool

CEO Lori Steele Contorer sometimes reaches for the term “utility” when describing the Internet. In a way, it’s similar to electricity or phone service.

LRAD Corp. Reports Net Income of $3.3 Million for Fiscal 2014

LRAD Corp., the Rancho Bernardo maker of high-volume acoustic devices used by the military and law enforcement, reported net income of $3.3 million for fiscal 2014, up 164 percent from the $1.3 million recorded in fiscal 2013.

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Qualcomm Executives Discuss Revenue Expectations

Qualcomm Inc. executives spoke about long-term growth with New York analysts on Wednesday, saying the company expects revenue — which was $26.5 billion in fiscal 2014 — to grow at a compound annual growth rate of 8-10 percent through fiscal 2019.

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