San Diego Business Journal

Price of InfoSonics Corp. Shares Rise Almost 60 Percent

Shares of InfoSonics Corp. rose almost 60 percent on March 4, closing at $2.71, on the strength of the company’s earnings report.

Region's Leading Economic Indicators Up Sharply in January

Economic indicators for the San Diego region rose sharply in January, according to the University of San Diego.

Sotera Wireless Acquires Reflectance Medical

Sotera Wireless, the Mira Mesa-based medical device company, said on Feb. 25 that it acquired Reflectance Medical Inc. of Westborough, Mass. for undisclosed terms.

General Dynamics Nassco to Start Work on First of Five Tankers

General Dynamics Nassco plans to lay the keel of its first ECO tanker for American Petroleum Tankers with a ceremony Friday at its Barrio Logan shipyard.

Qualcomm Unveils Snapdragon 820 Processor

Qualcomm Inc. unveiled its newest top-of-the-line processor, the Snapdragon 820, at Mobile World Congress in Barcelona, Spain, saying that samples of the chip will be available to device manufacturers during the second half of 2015.

West Consultants Awarded Army Contract Worth Up to $9.5 Million

The U.S. Army said on March 2 that it awarded a five-year engineering contract to West Consultants Inc., a small business in San Diego.

General Atomics Teaming With Spanish Engineering Firm

Opening the door to potential sales to Spain, General Atomics Aeronautical Systems Inc. announced on March 2 that it is teaming up with SENER, a Spanish engineering firm, to make its Predator B unmanned aircraft available to the government of that European country.

3D Robotics Secures $50M Series C Funding Round

3D Robotics, a maker of small unmanned aircraft which it hopes to sell to businesses, said that it received $50 million in a series C funding round led by Qualcomm Inc. (Nasdaq: QCOM).

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Sempra Energy Reports 2014 Earnings of $1.16 Billion

Sempra Energy, the San Diego-based energy holding company and parent to San Diego Gas & Electric Co., unveiled its 2014 financial results Feb. 26, reporting earnings of $1.16 billion on total revenue of $11.04 billion.

Defense Sector May Have to Restructure if Budget Takes Hit

Does Cubic Corp.’s planned restructuring mean that there’s something bigger a-brewing in the defense industry?

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Companies Connect Various Service Providers and Consumers

TECH: Investors’ Backing Helps Support Expansion

Two San Diego businesses that let consumers summon service providers with a tap on a smartphone have pulled in seven-figure sums from investors.

TrackTrain Gives Firefighters a Record of Risky Situations

SOFTWARE: Exposure To Smoke, Chemicals And More Is Logged

Sometimes business plans take a detour.

Cubic Global Defense Awarded $65 Million Deal

Cubic Corp. said that its Cubic Global Defense unit received a contract valued at more than $65 million; the customer is an army in an unnamed Middle Eastern country.

VC Puts $470M into S.D. in First Half of 2014

TECH: Top Two Recipients Were Biotech Companies

Venture capitalists invested $470 million in 53 deals in San Diego during the first six months of 2014.

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Sempra Reports 2014 Earnings of $1.16 Billion

Sempra Energy, the San Diego-based energy holding company and parent to San Diego Gas & Electric Co., unveiled its 2014 financial results Feb. 26, reporting earnings of $1.16 billion on total revenue of $11.04 billion.

Cox Calls on Congress to Overturn FCC Decision on Net Neutrality

Cox Communications, one of the region’s dominant cable providers, came out against the Federal Communications Commission’s Feb. 26 decision to regulate the Internet, saying the move was “sure to be challenged in court” and calling for congressional action.

Sempra Investor Group Seeks OK to Expand Natural Gas Plant

Cameron LNG announced on Feb. 24 that it is seeking federal approval to expand its Louisiana natural gas liquefaction plant from three units to five.

Former Assembly Speaker Willie Brown Joins ecoATM Board

Former California Assembly Speaker Willie Brown has joined the advisory board of ecoATM, the San Diego company that produces and maintains a network of electronics recycling kiosks.

Report: Venture Capitalists Invested $470M in 53 Deals in First Half of 2014

A new report from CONNECT, the San Diego technology accelerator, said venture capitalists invested $470 million in 53 deals in San Diego during the first half of 2014.

Cubic Global Defense Receives Contract Valued at More Than $65 Million

Cubic Corp. said on Feb. 24 that its Cubic Global Defense unit received a contract valued at more than $65 million; the customer is an army in an unnamed Middle Eastern country.

Navy Awards Northrop Grumman $25.8 Million Contract

The U.S. Navy said on Feb. 23 that it awarded Northrop Grumman Corp. a $25.8 million contract for software work, specifically engineering sustainment and integrated logistics services in support of its MQ-8 Fire Scout helicopter software.

Qualcomm, Timex Collaborate on Smartwatch

AT&T stores are now selling a Timex smartwatch, which the Connecticut watchmaker built in collaboration with Qualcomm Inc.

Poway-Based Cohu Posts Q4 Net Income of $374,000

Cohu Inc., the Poway maker of test equipment for semiconductor manufacturers, reported net income of $374,000 on net sales of $96.2 million for its fourth quarter, which ended on Dec. 27. In the same quarter one year ago, the company reported a net loss of $6.5 million on net sales of $61.1 million.

EvoNexus Announces Feb. 28 Application Deadline for Spring Term

EvoNexus, the pro bono business incubator with spaces in San Diego and Irvine, has set Feb. 28 as the application deadline for its spring term.

Incubator EvoNexus Sets Feb. 28 Deadline for Applications

EvoNexus, the pro bono business incubator with spaces in San Diego and Irvine, has set Feb. 28 as the application deadline for its spring term.

Cohu Inc. Reports Fourth-Quarter Net Income of $374,000

Cohu Inc., the Poway maker of test equipment for semiconductor manufacturers, reported net income of $374,000 on net sales of $96.2 million for its fourth quarter, which ended on Dec. 27. In the same quarter one year ago, the company reported a net loss of $6.5 million on net sales of $61.1 million.

Cubic Announces Restructuring of its Defense Segments

DEFENSE: Company Expects to Lay Off Less than 2% of Staff

Cubic Corp. announced Feb. 18 that it was restructuring, saying that it will fold together its two defense segments and lay off less than 2 percent of its worldwide staff, all in an effort to improve profitability and competitiveness.

Proximity Beacons Find Themselves in More and More Locations

Technology Column

Rocco Fabiano says it’s time to shift gears. Time to go from evangelizing to commercializing.

Independent MIT Enterprise Forum Charts New Course

TECH: New Leadership Prompted Group to Break with CONNECT

MIT Enterprise Forum-San Diego and CONNECT have gone their separate ways after an 11-year partnership.

FAA Releases Proposed Rules for Small Drones

Aircraft: Public Comment Period Is Now Taking Place

Businesses might not deliver packages or pizzas by drone quite yet, but the Federal Aviation Administration is taking a step toward the commercial use of small unmanned aircraft.

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Cymer Lights the Way To Smaller Microchips

TECH: Its EUV Technology Said to Have Bright Future

The huge, colorful video screens on the walls of Cymer’s new, $500,000 control room in Rancho Bernardo tell a story.

Novatel Wireless Posts Q4 Net Loss of $4.4 Million

Novatel Wireless Inc. — the Sorrento Mesa-based maker of wireless devices that is seeking to right its ship — posted a net loss of $4.4 million on revenue of $55.4 million for the last quarter of 2014. The business cut its losses dramatically compared to the same quarter one year ago, when the business turned in a net loss of $21.3 million on revenue of $65.3 million.

Cubic Receives $2.9 Million Contract From Romanian Military

Cubic Corp. said on Feb. 19 that it received a $2.9 million deal from the Romanian military to provide its MILES laser training equipment.

Kratos Defense Divisions Receive Contracts, Order

Kratos Defense & Security Solutions Inc. said that one of its divisions received a $17 million contract.

Cubic Announces Restructuring, Reviewing Financial Statements

Cubic Corp. announced on Feb. 18 that it was restructuring, saying that it will fold together its two defense segments and lay off less than 2 percent of its staff, all in an effort to improve profitability and competitiveness.

State Department Reportedly Changing Export Rules on Drones

The State Department said on Feb. 17 that it is changing its export rules covering unmanned aircraft.

West Coast Port Dispute Felt in San Diego

A dispute between management and labor at West Coast ports touched the Port of San Diego Feb. 14-16. Two ships that reached their berths during the three-day weekend did not unload during that time, according to a port spokeswoman.

FAA Releases Proposed Rules for Use of Small Drones

Businesses might not deliver packages or pizzas by drone quite yet, but the Federal Aviation Administration is taking a step toward the commercial use of small unmanned aircraft.

Comic-con to Hold Online Registration on Feb. 21

Organizers of Comic-con — a $136 million economic force in the community and a summer staple at the San Diego Convention Center — plan to hold online registration on Saturday, Feb. 21.

Palomar Display Products Wins Army Contract Worth $28.6 Million

The U.S. Army awarded Palomar Display Products an indefinite-quantity contract that could be worth up to $28.6 million over five years.

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James Harris III Selected to Lead University of San Diego

James T. Harris III will be the new president of the University of San Diego, school officials announced on Feb. 13. Harris will take over on Aug. 1 and succeed Mary Lyons, who is retiring at the end of the academic year.

STSI to Lead Consortium Developing Program to Fight Ebola

Scripps Translational Science Institute (STSI) announced Friday that it will lead a consortium of four partners to develop a program to improve health outcomes for Ebola patients, increase the safety of health care workers and reduce the risk of spreading the virus to others.

Defense Trade Show Is a Tour de Force of Technology and More

One minute, I’m on the show floor of the San Diego Convention Center. The next, I am in a valley in Iceland, amid green mountains and glaciers.

Program Graduates Military Members to Work in Solar Energy Field

A new program designed to train military members for work in the solar energy field graduated its first class Feb. 13 at Marine Corps Base Camp Pendleton in northern San Diego County.

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University of San Diego Names New President

James T. Harris III will be the new president of the University of San Diego, school officials announced on Feb. 13. Harris will take over on Aug. 1 and succeed Mary Lyons, who is retiring at the end of the academic year.

Son Entices Dad Out of Retirement with New Software Gig

MOBILE: App Streamlines Process for Booking Local Acts

Steve Altman — the executive who laid the foundation for Qualcomm Inc.’s licensing business prior to his retirement in 2014 — has a gleam in his eye.

Qualcomm Bargains For Certainty in China

TECH: Company Still Faces Scrutiny From U.S., Europe

Qualcomm Inc. might be bruised, but it’s not on the ropes following a 14-month bout with the Chinese government over alleged anticompetitive practices. That is according to a San Diego professor who studies China.

Advertising Agency MJD Opens Office in Boulder, Colo.

MJD, the San Diego digital advertising agency, has branched out, opening a second office in Boulder, Colo.

New Predator Model Completes Record-Setting Flight

General Atomics Aeronautical Systems Inc. announced on Feb. 12 that its new Predator XP model completed the longest ever flight by a Predator family aircraft.

Kratos Defense & Security Solutions Receives $2.6 Million Order

Kratos Defense & Security Solutions Inc. said that it recently received a $2.6 million order for specialized products supporting an unmanned aerial system for the United States. The company’s Feb. 10 announcement did not specify the client.

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