San Diego Business Journal

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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.

General Atomics Aeronautical Systems Awarded $279.1 Million Contract

The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $279.1 million contract to produce two dozen Reaper unmanned aircraft and associated equipment.

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Qualcomm Stock Gets Boost Following Resolution of Antitrust Dispute With China

Financial markets responded positively to news that Qualcomm had settled its antitrust dispute with China, sending shares 4.7 percent higher Feb. 10, the first trading day after the pact became public.

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Nassco's Newet Ship, USNS Lewis B. Puller, Named After Famous Marine

With the commandant of the U.S. Marine Corps in attendance, dignitaries named one of General Dynamics Nassco’s newest ships after a larger-than-life Marine, Lewis B. “Chesty” Puller.

Qualcomm, China Settle Antitrust Case for $975 Million

Qualcomm Inc. and the Chinese government have settled their dispute, with China levying a $975 million fine against the company and the San Diego firm pledging to decrease royalty rates for Chinese high-tech manufacturers that want to use Qualcomm’s extensive patent portfolio.

Local Exec Helped Get Firm’s Technology Into Airliner Search

Fugro Pelagos Inc., a Dutch company with San Diego ties, is applying its tech skills to unravel one of the biggest mysteries of 2014: the location of missing Malaysia Airlines Flight 370.

Qualcomm Lowers Outlook Despite Gains

FINANCE: Company Defends Snapdragon Touting Its Many Users

Shares of Qualcomm Inc. fell more than 11 percent into the $62 range on Jan. 29 as the company reported record revenue and increased earnings for its first quarter — but cut its forecast for the second half of the year.

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Following Their Bliss

RETAIL: Techies Take a Shine to Lasers, Find a Niche

BlissLights Inc.’s first success wasn’t in the consumer space.

Cubic Corp. Wins Federal Contract Worth as Much as $500 Million

Cubic Corp. said on Jan. 28 that it won a contract from the Defense Threat Reduction Agency that could be worth as much as $500 million over almost 10 years.

Navy Awards Task Order Worth $61.7 Million to Indus Technology

Indus Technology Inc., based in Old Town, said on Jan. 29 that it won a U.S. Navy task order that could be worth up to $61.7 million if the Navy exercises all of its options.

Qualcomm Reports Record Q1 Revenue, Revises Revenue Forecast

Shares of Qualcomm Inc. dipped more than 9 percent into the $65 range during after-hours trading on Jan. 28 as the company reported record revenue and increased earnings for its first quarter — but decreased its revenue forecast for the second half of the year.

Two Businesses Chosen to Work on Five-Year Navy Contract

The U.S. Navy tapped two San Diego businesses — BAE Systems Information Solutions Inc. and Information Systems Laboratories Inc. — to work on intelligence-exploitation and targeting systems over the next five years.

USD, UCSD MBA Programs Ranked Among World's Best

The Financial Times has named the MBA programs at the University of San Diego and the University of California, San Diego as among the 100 best in the world.

Pentagon Awards General Atomics $36.5 Million Contract Modification

The Pentagon awarded La Jolla-based General Atomics more work on a power system for the Navy’s nascent electromagnetic railgun project — which military leaders say will be able to hurtle a projectile 83 miles a minute.

Pentagon Awards Cubic Corp. Deal Worth Up to $9.9 Million

Cubic Corp. said on Jan. 26 that it received a five-year deal to provide as much as $9.9 million worth of support to the Air Force Research Laboratory at Wright-Patterson Air Force Base in Ohio.