San Diego Business Journal

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Updated Jet-Powered Predator Aircraft Makes Virgin Flight

A new, larger model of General Atomics Aeronautical Systems Inc.’s Predator C Avenger aircraft made its first flight on Oct. 27, the company said Nov. 10.

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AI Is On Board for Netradyne Inc.’s Fleet Monitoring Vision

TECH: System Can Estimate Traffic Speeds And Spot Pedestrians

For a long time, several tech companies serving the transportation industry have made San Diego their home. The common threads running through their businesses are video cameras and trip data. A camera in the cab of a big rig provides an extra set of eyes on the driver, the road and everything going on around them.

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Mobile Verify Brings Identification Process Up to Speed

The world can be a pretty bad place, but a crackdown on shadowy exchanges of money could be a good thing for Mitek Systems Inc.

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Zesty Taps Rich Vein of Influencer Content

Five years of bootstrapping and a recent $1 million funding round have put Inc. in a pretty good spot.

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Co. Gives Polar Bears Some Air Support

TECH: Northrop Contest Takes on Climate Change

For short stints this summer and fall, engineers at Northrop Grumman Corp. set aside their defense-contract work and took up a different fight.

Navy Awards Two Contracts to BAE Systems Ship Repair

The U.S. Navy sent BAE Systems Ship Repair a pair of big contracts this week.

Year-Over-Year Q2 Income More Than Doubles for ViaSat Inc.

ViaSat Inc. reported net income of $11.0 million on revenue of $399.2 million in its second quarter of fiscal 2017, which ended Sept. 30. The business revealed its earnings Nov. 8.

TPT Global Tech Adds Another Acquisition: San Diego Media Inc.

TPT Global Tech Inc. said Nov. 7 that it recently completed its acquisition of San Diego Media Inc. Financial terms of the deal were not disclosed.

Qualcomm Signs Licensing Agreement With China-Based Co.

Qualcomm Inc. has signed an agreement with Preh GmbH to license its wireless electric vehicle charging technology, the San Diego company said on Nov. 8. Financial terms of the deal were not disclosed.

Maxwell Technologies Inc. Posts Q3 Net Loss of $6.9 Million

Maxwell Technologies Inc. — which makes energy-storage electronics called ultracapacitors, and relies heavily on a customer base in China — reported a third quarter net loss of $6.9 million on revenue of $25.5 million.

MaxLinear Inc. Reports Q3 Net Income of $9.7 million

MaxLinear Inc., the Carlsbad microchip maker, reported net income of $9.7 million on revenue of $96.3 million in the third quarter. In the same quarter one year ago, MaxLinear (NYSE: MXL) reported dramatically less net income — $1.6 million — though revenue was 1 percent lower, at $95.2 million.

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Novatel Wireless Changing Name to Inseego Corp.

Novatel Wireless, which has been working for years to make itself profitable, most lately by acquiring and selling business units, said on Nov. 3 that it is changing its name to Inseego Corp.

Mad Catz Interactive Reports Net Income of $4.1 Million

By selling part of itself, videogame peripheral maker Mad Catz Interactive Inc. made it into the black for its second quarter.

SDMAC: Military Grows to 20 Percent of Local Economy

DEFENSE: Annual Report Shows Sector Has Greater Impact Than Tourism

San Diego no longer looks like the military town it was at mid-century, when Horton Plaza was full of sailors, when the Consolidated plant on Pacific Highway turned out military aircraft and when giant radio antennas dominated neighborhoods.

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Qualcomm Acquisition Broadens IoT Focus

TECHNOLOGY: NXP Buy Opens New Doors for Chipmaker

A big acquisition — one worth $47 billion — has the potential to give Qualcomm Inc. a broader focus and much more heft. Qualcomm (Nasdaq: QCOM) seemed to be resisting the semiconductor industry’s urge to pursue big acquisitions but finally revealed that it’s in the chase, too.

Kratos Reports Q3 Net Revenue of $165.4 Million

Kratos Defense & Security Solutions Inc. reported a GAAP net loss of $23.6 million, or 39 cents per share, on revenue of $165.4 million during its third quarter, which ended Sept. 25.

UC San Diego Extension to Offer Coding Boot Camp

A big name in higher education is getting into a hot, business-oriented space: coding boot camps.

Qualcomm Inc. Beats Estimates, Reports Q4 Net Income of $1.6 Billion

Wireless technology specialist Qualcomm Inc. reported net income of $1.6 billion on revenue of $6.2 billion in its fourth quarter, which ended Sept. 25.

Navy Awards Northrop Grumman Corp. $10.4 Million Contract

The U.S. Navy awarded Northrop Grumman Corp. a $10.4 million contract modification to produce one additional Fire Scout unmanned helicopter, using 2017 funds. The larger of the two Fire Scout models, the MQ-8C is a Bell model 407 helicopter modified to operate autonomously. One third of the work will be performed in San Diego.

Navy Awards Contract Worth $83 Million to NASSCO

General Dynamics NASSCO received a U.S. Navy contract to provide depot-level maintenance to the USS Boxer.

GovX Inc. Receives Equity Investment of $3.7 Million

E-commerce business GovX Inc. received an equity investment of $3.7 million in mid-October.

Grant Will Help Maritime Alliance Promote Export Opportunities From Local BlueTech Cos.

San Diego may have a big export opportunity in ocean-related technology, and is gaining a leadership role.

Cubic Receives $12.7M Contract From Atlanta Rapid Transportation Authority for Fare Services

Cubic Corp. said it received a two-year, $12.7 million contract extension from Atlanta’s rapid transit operator for automated fare collection maintenance services.

Cohu Inc. Reports Q3 Net Sales of $69.3 Million

Poway-based Cohu Inc. reported net income of $269,000 — a penny a share — on net sales of $69.3 million during its third quarter, which ended Sept. 24.

Qualcomm Confirms $37.9 Billion Purchase of NXP Semiconductors

Confirming weeks of rumors, Qualcomm said it plans to acquire publicly traded NXP Semiconductors N.V. for $110 per share in cash, or about $37.9 billion.

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Private ‘Conversations’

MedCrypt Aims to Take Dangers Out Of Medical Device Communications

Medical devices, like anything else hooked to the internet, can offer a convenient door for intruders wanting to enter a device or an entire hospital network. Responding to the hacker threat, a bicoastal startup called MedCrypt is building a business on medical device security.

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Securing An Advantage

Webroot Assembles Assets and Acquisitions Into an Effective Force For Cybersecurity

To hear Hal Lonas tell it, the choice was obvious. In fact, it wasn’t much of a choice.

In this Case, SaaS Could Stand for ‘Software as a Stylist’

Who knew that hair dye could be at the heart of a disruptive technology business?

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Headphones Have Something For the Eyes as Well as the Ears

TECH: Eco-Friendly Custom Designs Leave Room for User’s Personality

Everything old is new again. When Rich Bracke talks about putting something different into the consumer electronics that his business develops and sells, he talks about … wood.

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Software Could Shift Load for Truckers

LOGISTICS: Smaller Carriers Get More Access to Shippers

It’s a long road with nothing but prairie between Ogallala and North Platte, Neb.

Jamul Indian Village Completes $460 Million Refinancing of Casino

Jamul Indian Village completed a $460 million refinancing of its Hollywood Casino Jamul-San Diego development project, the Indian band said Oct. 24. The casino opened Oct. 10 in San Diego’s East County region.

UC San Diego Receives $1.4 Million, Cyber-Focused Federal Grant

The local University of California campus received a $1.4 million award from the U.S. Department of Homeland Security to explore the global internet and push the frontiers of cybersecurity research.

Potential 700 Layoffs at General Dynamics NASSCO

San Diego shipbuilder General Dynamics NASSCO is warning 700 employees that they may be laid off in January, a company spokesman said Oct. 25.

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John David Wicker Named Athletic Director at SDSU

San Diego State University has named John David Wicker as athletic director. Wicker was previously deputy athletic director at SDSU from 2011 to 2015, when he took a job in the athletic department at Georgia Tech.

Ostendo Technologies Raises $41.8 Million

Carlsbad-based Ostendo Technologies Inc. recently raised $41.8 million for its business leveraging a novel technology that it has developed. Ostendo makes a microchip that gives a smartphone the ability to project an image on a wall.

GA ASI Gets $310 Million Army Contract

The U.S. Army awarded General Atomics Aeronautical Systems Inc. a $310 million contract for one year of logistics to sustain the Army’s Gray Eagle unmanned aircraft.

WD-40 Co. Reports $52.6 Million in Net Income for 2016

WD-40 Co. reported a 20 percent increase in profits for fiscal 2016.

Abacus Data Systems Inc. Rolls Out New Brand: Abacus Next

San Diego-based Abacus Data Systems Inc. has taken a new name: Abacus Next.

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New, Advanced Arresting Gear for Carriers Gets Its First Jet

New, Advanced Arresting Gear for Carriers Gets Its First Jet Its technology bound for a new generation of aircraft carriers, General Atomics’ advanced arresting gear trapped its first jet on Oct. 13. The contractor and its U.S. Navy partner are still taking baby steps with their new technology, so the trap was on dry land (specifically a runway in Lakehurst, N.J.) rather than the moving deck of a ship at sea. Video released by the Naval Air Systems Command, aka NAVAIR, showed a gray F/A-18E Super Hornet touching down, dragging its tail hook along the ground, catching a cable stretched across the runway, and making a quick stop as the cable — connected to the GA arresting gear — absorbed all the energy of a flying jet.

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On Deck

Contractors Look to Be The One to Land Lucrative Deal for Aircraft-Carrier-Based UAV

It’s a military aircraft project easily worth billions of dollars, perhaps north of $10 billion, with a good chance of going to a San Diego vendor.

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Talent Pool

SPORT: Aqua Lung Looks To Pass Competitors With The Help of Michael Phelps

Quick. Name one of the biggest French companies in San Diego’s North County. One that balances showy, high-stakes athleticism with the silence of military covert operations. One built on a legacy of undersea exploration.

Qualcomm Bringing 5G Modem to Market

Qualcomm Inc. said it is bringing a fifth-generation modem to market, offering a way for wireless devices to communicate at ultra-fast speeds over dedicated radio frequencies.

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Alex Rogers Named President of Qualcomm Technology Licensing

Qualcomm Inc. appointed Alex Rogers as president of its intellectual property arm, Qualcomm Technology Licensing. Rogers, a 15-year employee, has led Qualcomm’s licensing arm since March and has led its litigation department since 2007.

LRAD Corp. Receives $1.3M Contract From Undisclosed Foreign Company

LRAD Corp. received a $1.3 million order for mobile mass-notification systems, the North County company announced on Oct. 18.

Navy Awards Poway Company Five-Year, $35.7 Million Contract

A new U.S. Navy contract may be worth up to $35.7 million for a Poway-based company.

New DoD Tech Office Awards Kratos $12.6 Million Contract

San Diego-based Kratos Defense & Security Solutions Inc. said it received a $12.6 million single-award prime contract to integrate sensors into an unmanned aerial vehicle.

Qualcomm Files Patent Complaints Against Chinese Electronics Maker

Qualcomm Inc. has ramped up its legal action against Chinese electronics maker Meizu.

Shares Fall After Cubic Corp. Lowers Sales/Earnings Estimates

Shares in Cubic Corp. fell 11 percent to close at $40.03 on Oct. 13 after the company said it expected lower-than-expected sales and earnings for the year.

NetraDyne Merges Technologies to Enhance Fleet Management

NetraDyne, an artificial intelligence company with offices in San Diego and Bangalore, India, has launched its first product, called Driver-i.

BlackRock Reports 10.2 Percent Stake in Callaway Golf

Investment management firm BlackRock Inc. held a 10.2 percent stake in Carlsbad-based Callaway Golf Co. as of Sept. 30, crossing a threshold where the fund had to report its stake to securities regulators.

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