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.
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.
PsychArmor Gets $1 Million Donation to Open Center
PsychArmor, a nonprofit that helps veterans and their families, recently received a $1 million donation from the Rebecca Moores Foundation. The grant will help launch the Moores Center for Military Service Providers, which will assist civilian mental health practitioners who care for veterans, as well as others who provide similar services.
5Barz International Reports Raising $3.45 Million
San Diego-based 5Barz International Inc., which produces wireless communications infrastructure, said in a Nov. 17 securities filing that it raised $3.45 million by selling 23 million shares at 15 cents per share. The business sold the shares between March 6 and Nov. 14.
Soci Reports Receiving $1.5 Million in Series A Funding
Soci, an Internet company based in downtown San Diego, said it received $1.5 million in series A funding. Peter Fisher, co-founder of Shepherd Ventures, led the round. Silicon Valley Growth Syndicate provided the anchor investment. Other investors included Asaf Benhaim, Trevor Klein and David Klein.
InfoSonics Reports Third Quarter Net Loss of $630,000
InfoSonics Corp. — the San Diego company behind the verykool brand of smartphones and tablets, which it distributes to customers in the Americas — reported a net loss of $633,000 on net sales of $8.1 million during its third quarter. The company essentially broke even in the same quarter one year ago, with net income of $34,000 on net sales of $9.9 million.
General Atomics Awarded U.S. Army Contract Worth $17.1 Million
The U.S. Army awarded Poway-based General Atomics Aeronautical Systems Inc. a contract modification that may be worth as much as $17.1 million.
InfoSonics Corp. Reports Q3 Net Loss of $633,000
InfoSonics Corp. — the San Diego company behind the verykool brand of smartphones and tablets, which it distributes to customers in the Americas — reported a net loss of $633,000 on net sales of $8.1 million during its third quarter. The company essentially broke even in the same quarter one year ago, with net income of $34,000 on net sales of $9.9 million.
Entropic Cuts Jobs And CEO
Entropic Communications Inc. made a big change at the top on the same day it reported large-scale layoffs and a quarterly loss.
How Will the Election Shake-Ups Shake Out on the Budget?
With November elections in the rearview mirror, members of Congress will soon take up the 2015 defense budget.
Improving Economy Changes the Holiday Hiring Dynamic
WORKFORCE: Filling Positions Usually Starts 2 Months in Advance
Dominique Hernandez is working longer hours these days. She has jobs to fill, people to train.
Novatel Names Mashinsky CEO
The board of Novatel Wireless Inc. has named Alex Mashinsky, 49, as its permanent CEO, the business announced.
Making Winners
GAMING: Bally Bets on S.D. Slot Designers to Pay Off
Los Angeles has pop culture, Las Vegas has the casino game industry and San Diego has an abundance of software talent.
Philanthropist Sally Thornton Leaves Mitek Board
Sally Thornton, a director of San Diego-based Mitek Systems Inc. for decades and the wife of company Chairman John Thornton, stepped down from her seat on the board Nov. 4, the company told securities regulators.
Hush Kickstarter Campaign Raises One-Third of Goal By Second Day
Hush, a technology company in residence at the EvoNexus incubator downtown, attained one-third of its $100,000 donation goal by the second day of its Kickstarter crowd funding campaign on Nov. 13.
Anesa Chaibi Named to Board of Regal Beloit Corp.
San Diego executive Anesa Chaibi has been named to a seat on the board of Regal Beloit Corp., a $3.1 billion Wisconsin company that manufactures electric motors, generators and controls.
Defense Industry Group Hears From Mayor
Mayor Kevin Faulconer told a defense industry group on Nov. 12 that he feels litigation regarding the Navy Broadway Complex is closer to its end than its beginning.
General Dynamics Nassco Begins Construction of 3 Tankers
General Dynamics Nassco kicked off construction of three 610-foot-long product tankers for SEA-Vista LLC with ceremonies Nov. 7 at its Barrio Logan shipyard.
Entropic Parts Ways with CEO; Plans to Cut 200 Jobs
Entropic Communications Inc. made a big change at the top on the same day it reported large-scale layoffs and a quarterly loss.
Montreal Indoor Surf Park to Feature SurfStream Wave System
American Wave Machines of Solana Beach said that a client plans to open an all-season indoor surf park in a city with freezing winters and more than 7 feet of snowfall per year: Montreal.
Alex Mashinsky Named Permanent CEO at Novatel Wireless
The board of Novatel Wireless Inc. has named Alex Mashinsky, 49, as its permanent CEO, the business announced. Mashinsky, who had been interim CEO since June, signed an agreement Nov. 2 stating that he will serve initially for three years.
Cubic Corp. Awarded $20 Million Contract
The Royal Australian Air Force recently awarded Cubic Corp. a contract worth more than $20 million. Under the deal announced on Nov. 5, Cubic (NYSE: CUB) will provide air combat training electronics for several types of military jets.
Making Closer Connections
Proximity-Beacon Systems Part of Promising Technology on Display at Verizon Ventures Meeting
As you make your way north on the crowded sidewalks of San Diego’s Gaslamp Quarter, your smartphone suddenly comes to life.
With ‘Computational Photography Platform,’ Seeing is Believing
You could call it a camera, but its builder wants you to think bigger.
Alex Mashinsky Named CEO of Novatel Wireless Inc.
The board of Novatel Wireless Inc. has named Alex Mashinsky, 49, as its permanent CEO, the business announced. Mashinsky, who had been interim CEO since June, signed an agreement Nov. 2 stating that he will serve initially for three years.
Qualcomm Posts Record $26.49 Billion in Revenue
TECH: Wireless Giant Faces Regulatory Scrutiny Here and Abroad
Qualcomm Inc., San Diego’s biggest public company, sailed to record revenue of $26.49 billion during the fiscal year that ended in September.
Kratos Reports Third Quarter Loss, Receives $81M Contract
Kratos Defense & Security Solutions Inc., the San Diego holding company with subsidiaries around the country, issued a flurry of announcements on Nov. 6, including quarterly financial results.
Qualcomm Says Company Under Scrutiny By Regulators
U.S. and European regulators began investigating chip maker Qualcomm Inc. in September and October, the San Diego company said in a Nov. 5 securities filing.
Qualcomm Stock Dips After Fourth-Quarter Earnings Report
Shares of Qualcomm Inc. traded lower after-hours on Nov. 5, as the stock market saw the company’s latest financial results come in below Wall Street expectations.
ACS Habitat Management Awarded U.S. Navy Contract
ACS Habitat Management of Oceanside, also known as Agri-Chemical Supply Inc., was one of three small businesses selected by the U.S. Navy for exotic pest/plant species abatement.
Cubic Corp. Awarded Multimillion-Dollar Army Contract
Cubic Corp. said on Nov. 4 that it received a task order contract from the U.S. Army that could be worth more than $15 million.
Samsung Acquires Proximal Data Inc. for Undisclosed Sum
Samsung Electronics Co. Ltd. has acquired a young San Diego company that produces software for “virtual machine” computing.
General Atomics Gets Contract to Assist French Air Force
The U.S. Air Force, acting on behalf of the French air force, arranged for a year of contractor logistics support for France’s MQ-9 Reaper unmanned aircraft with the aircraft’s builder, General Atomics Aeronautical Systems Inc. of Poway.
Callaway Golf Pegs Third-Quarter Losses at $1 Million
Callaway Golf Inc., the maker of Big Bertha clubs as well as other golf equipment, reported on Oct. 23 that it had a net loss of $1 million on net sales of $169 million during its third quarter.
Qualcomm In Partnership For Robotics
Qualcomm Inc. and Colorado-based Techstars announced plans to start an incubator program for early stage companies that specialize in robots. Qualcomm (Nasdaq: QCOM) pledged to put more than $1 million into the project.
Northrop Grumman Clears Milestone To Deploy Device
Northrop Grumman Corp. said that its JCREW system — an electronic signal jammer designed to foil roadside bombs — made it through an extensive battery of tests at five Defense Department facilities in preparation for deployment in 2015.
Big Investors Are Expecting Big Things from Magic Leap Inc.
Qualcomm Ventures, the investing arm of Qualcomm Inc., is part of a group that poured $542 million into the series B round for Florida-based Magic Leap Inc.
SDG&E Puts 'Whirlybird' Drone to the Test for Inspections
TECH: Utility Gets FAA OK for Limited Operation
The aircraft they cradle in their hands looks like a toy, but Teena Deering and Flynn Ortiz are all business when they send the little orange quad-copter into the sky.
Rock My World's Founders Are Ready to Run With New Ideas
TECHNOLOGY: Product Serves Music to Match Exercise Pace
In a way, Adam Riggs-Zeigen’s daily occupation is not too far removed from his years as a DJ.
