San Diego Business Journal

Callaway Golf Reports Q2 Net Income of $12.8 Million

Foreign exchange rates continue to dampen Callaway Golf Co.’s game, but the company is seeing more quarterly profit than last year.

EvoNexus Announces Application Period for Would-Be Incubators

Startup companies that hope to enter the EvoNexus incubators in San Diego and Irvine should warm up their computers and get ready to pitch.

Razer Acquires Software Assets of Ouya Inc.

Carlsbad-based Razer Inc. officially announced on July 27 that it acquired the software assets of Santa Monica-based Ouya Inc., which produces an Android game platform for the television. Terms of the deal were not disclosed.

General Atomics Unit Receives Contract from Italian Air Force

General Atomics Aeronautical Systems Inc. received a one-year contract covering logistics support for the unmanned aircraft flown by the Italian air force. The deal could be worth as much as $10.5 million.

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Jeff Russakow Named CEO at Gimbal Inc.

Gimbal Inc. has a new CEO in Bay Area tech executive Jeff Russakow.

Callaway Signs Schniederjans to Sponsorship Deal

Callaway Golf Co. said on July 27 that it signed 22-year-old Ollie Schniederjans to a sponsorship agreement. Financial terms were not disclosed.

Cubic Awarded $18M Foreign Military Contract

Cubic Corp. has received an $18 million contract to conduct four years of work for the Australian military.

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Larry Blumberg to Retire as Executive Director of SDMAC

Larry Blumberg, executive director of the San Diego Military Advisory Council, will retire from that position at the end of the year, the organization announced July 24.

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Blumberg to Retire as Executive Director of SDMAC

Larry Blumberg, executive director of the San Diego Military Advisory Council, will retire from that position at the end of the year, the organization announced July 24.

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Former Navy Personnel Find a Business Niche Beneath the Sea

TECH: Survey and Consulting Work Done For Companies and Navy

Kurt Nelson admits that his sales pitch might not seem all that attractive to the typical bank lending officer.

Company’s Software Grades On Curve, Hills and Highways

TECH: It Piggybacks On Telematics Systems To Rate Drivers’ Safety

Just how good a driver are you: Excellent? OK? Not so great?

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Qualcomm Strategy: Cut Employee Count, Costs

ECONOMY: Investor Pressure Changes Board; Split Is on Table

Wireless communications giant Qualcomm Inc. said July 22 that it plans to lay off 4,500 employees as part of an effort to streamline its business.

Navy Awards BAE Systems Contract Worth $38.3 Million

The U.S. Navy awarded BAE Systems San Diego Ship Repair a contract to perform depot-level maintenance and alterations to the USS Bunker Hill, the oldest Ticonderoga-class cruiser in the fleet. The deal is not to exceed $38.3 million. Work is expected to be complete by May of 2016.

Speculation Abounds Preceeding Qualcomm's Q3 Earnings Call

The days before wireless giant Qualcomm’s third quarter earnings call have turned into a media circus, with outlets speculating on possible layoffs and whether the company might entertain a suggestion to break itself up.

Cubic Corp. Wins Contract From Emirates Airlines

San Diego-based Cubic Corp. announced on July 20 that it won a commercial client — Emirates Airlines — for what had previously been a military training product.

Navy Awards Boeing Contract For Support Services

The U.S. Navy awarded the Boeing Co.’s Oklahoma City office a one-year contract modification to provide one year of support services for the U.S. Navy C-40A aircraft, including depot maintenance and operational site support.

Uber Fined, Threatened With Possible Suspension of License in State

The state has threatened to sideline certain operations of the ride-sharing company Uber in 30 days if the company does not provide rider data to the California Public Utilities Commission.

Digital Gift Card Business Transaction Wireless Inc. Is Sold

A subsidiary of Kohlberg Kravis Roberts & Co. has acquired Transaction Wireless Inc., a San Diego firm that specializes in prepaid digital gift cards for mobile devices such as phones, as well as social media.

Submaran Can Dive Right Into Missions Without a Crew

TECH: Seagoing Craft Carries Sensors, Operates Autonomously

Ocean Aero Inc. builds sailboats, but its product is unlike any sailboat you have seen before.

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Qualcomm Still Gets ‘Buy’ in Challenging Times

TECH: Earnings to Be Reported July 22; Critics Call for Change

Earnings season is one of the few times in a year when Qualcomm Inc. executives break their usual silence to offer a glimpse of how the company is faring.

Qualcomm Subject of Two European Commission Investigations

The European Commission said on July 16 that it opened two formal investigations of Qualcomm’s competitive practices in its sale of radio chips for mobile devices, also called baseband chips.

San Diego Businesses to Share Work Awarded Under Navy Contracts

The U.S. Navy recently awarded three indefinite-quantity contracts to businesses that will perform engineering and technical work on its submarine fleet.

ImageWare Systems Licenses Technology to Lockheed Martin

A small Rancho Bernardo tech company said on July 14 that it has licensed certain biometric technology to defense contracting giant Lockheed Martin Corp.

Tech Coast Angels Set July 24 Deadline for Quick Pitch Contest

Tech Coast Angels have set a July 24 deadline to apply for the organization’s 9th annual John G. Watson Quick Pitch contest.

Transaction Wireless Acquired by First Data Corp. for Undisclosed Price

An Atlanta company has acquired Transaction Wireless Inc., a San Diego firm whose specialty is prepaid digital gift cards, for undisclosed terms.

Navy Awards Sodexo Management $17.7 Million Contract

The U.S. Navy awarded Sodexo Management Inc. a $17.7 million contract modification to provide meals at U.S. Marine Corps bases.

WD-40 Reports Q3 Net Income of Nearly $11M on Net Sales of $92.5M

WD-40 Co. — which does a global business selling its lubricants, soaps and other chemicals — reported net income of almost $11 million on net sales of $92.5 million for its third quarter, which ended on May 31.

General Atomics Awarded $14.6 Million Army Contract

The U.S. Army awarded General Atomics Aeronautical Systems Inc. a $14.6 million contract modification for one year of software engineering services for its Gray Eagle unmanned aircraft. Gray Eagle is a Predator unmanned aircraft built to Army specifications.

Co. Plans to Import Cement at Marine Terminal

PORT: Proposal Calls for Building New $7M Facility

Anticipating a need for more construction material in Southern California, Mitsubishi Cement Corp. is laying plans to import cement by ship through the 10th Avenue Marine Terminal controlled by the San Diego Unified Port District.

Cisco Buys Carlsbad Firm For $139M

Cisco System Inc. said on July 7 that it plans to buy a privately held Carlsbad business, MaintenanceNet, for $139 million in cash and retention-based incentives.

Teledyne Takes to Seas With Unmanned Operating Systems

In the late 1960s, a company called Teledyne bought a groundbreaking San Diego aviation firm called Ryan. Building on technology developed for target drones, they came up with a robot plane called the Global Hawk. Eventually, Northrop Grumman Corp. bought the business and ended up selling Global Hawks by the score … and the business stayed in San Diego.

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Hollywood Casino to Offer Some Sure Bets for Drawing Patrons

GAMING: Lineup to Include Noodle Bar, Rooftop Beer Garde

With its steel structure complete and other construction moving along, the company behind the Jamul casino announced the kind of features visitors will encounter when the venue opens its doors.

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New CEO Is Seeking Recognition for Port of San Diego

ECONOMY: Job Requires Balancing Diverse Interests

Randa J. Coniglio has lived in San Diego all her life, but the new top executive at the Port of San Diego said she didn’t become aware of the port’s scope and importance until age 40.

Construction Begins on Interstate 15 Transit Stations

SANDAG kicked off construction of transit stations at two spots in the middle of Interstate 15 — El Cajon Boulevard and University Avenue — with a ceremony on July 8.

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Rear Adm. Markham Rich to be Next S.D. Navy Mayor

Rear Adm. Markham K. Rich will take his new post as “Navy mayor” of San Diego on July 13 during a private ceremony on the USS Midway museum. Rich’s official title will be commander, Navy Region Southwest.

Virgin America to Use ViaSat Wi-Fi Technology in Aircraft

ViaSat Inc. announced on July 7 that Virgin America Inc. will put ViaSat’s in-flight Wi-Fi technology aboard its next 10 aircraft.

Cisco to Buy Carlsbad-Based MaintenanceNet for $139 Million

Cisco System Inc. said on July 7 that it plans to buy a privately held Carlsbad business, MaintenanceNet, for $139 million in cash and retention-based incentives.

Qualcomm to Distribute Quarterly Cash Dividend

Qualcomm Inc. said on July 7 that it will distribute a quarterly cash dividend of 48 cents per share. The dividend is payable Sept. 23 to stockholders of record on Sept. 2.

Moxie Center at UCSD Closes After Funding Runs Out

The Moxie Center for Student Entrepreneurship at the University of California, San Diego closed shop on June 30 as its grant funding ran out.

Navy Awards Work to Seven Contractors

The U.S. Navy said on July 6 that it selected seven contractors to do work on unmanned maritime systems in deals that could individually exceed $100 million, and in some cases $200 million.

Kratos Subsidiary Inks Satellite Equipment Deal

Kratos Defense & Security Solutions Inc. announced on July 6 that one of its subsidiaries had a new satellite equipment deal with a large Indonesian telecom company.

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Cubic Corp. Names James Blake VP of Global Defense Business

Cubic Corp. has named James T. Blake to an upper management post in its Cubic Global Defense business.

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Property: Being Competitive is a Must in Building Maintenance

The phenomenon of two women owning and running a building maintenance business may have gotten attention in San Diego’s business circles in the days when Ronald Reagan was president.

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Cubic Corp. Names James Blake VP of Global Defense Business

Cubic Corp. has named James T. Blake to an upper management post in its Cubic Global Defense business.

Always Hungry for Opportunity, Qualcomm Backs MangoPlate

When it comes to making investments, Qualcomm Inc. views the world as its oyster.

Glucose Monitoring May Be Serious Fun With New App

SOFTWARE: Doctor Makes a Game of It, Adds Rewards

Dr. David Ahn thinks he can help people with diabetes do a much better job of checking their blood sugar. His solution? Make a game out of it.

Ex-Qualcomm Exec Is Sentenced to Prison

LEGAL: Jing Wang Pleaded Guilty to Insider Trading

A federal judge sentenced a former Qualcomm Inc. executive to 18 months in prison and fined him $500,000 for acting on insider information to profit from stock trades and then trying to cover up the incidents.

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TECH: Peregrine Expects To Add About 100 Positions As New Owner Takes Over

Ever since Murata Manufacturing Co. Ltd. acquired San Diego’s Peregrine Semiconductor Corp., a larger portion of CEO Jim Cable’s day has been spent chasing away employee anxieties.

Navy Awards $75M Contract to Huntington Ingalls to Repair Aircraft Carriers

The Pentagon inked a two-year contract with Huntington Ingalls Inc. to provide ship repair support for two U.S. Navy aircraft carriers, the USS Nimitz and the USS Carl Vinson. One-fourth of the work is expected to go to San Diego, with the balance to Bremerton, Wash.

Acculitx Receives $1 Million in Series A Funding

Acculitx, formerly known as Fleet Matrix, said on June 30 that it received $1 million in series A funding.


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