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Monday, Feb 6, 2023
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Week in Review



Quote of the Week

‘You can go out there and buy farmland, get mapped and up and running and selling homes in less than a year. And, they’ll give you a hug and a cup of coffee in the morning. Imperial County is not San Diego County. It’s different.’

, John Mecklenburg of John Laing Homes, on building in

Imperial County.

Click here for the story.


Friday, Jan. 27


Gas Prices Rise:

San Diego County gasoline prices rose 4.2 cents, during the week of Jan. 21-27, to an average of $2.548 per gallon of self-serve regular, according to the Automobile Club of Southern California’s weekend gas watch survey. Prices have been rising since Dec. 30, when the average was $2.284 per gallon.

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, Brad Graves


Monday, Jan. 30


City In Solar Deal:

The San Diego City Council unanimously approved a five-year solar energy deal between the city and Sun Edison SD LLC to provide about 5 megawatts of photovoltaic systems at city-owned facilities. The first will be at the Alvarado filtration plant at Lake Murray. The Baltimore-based company will install, own, operate and maintain the systems.

, Pat Broderick


Tuesday, Jan. 31


Epsilon Adds On:

Defense contractor Epsilon Systems Solutions, Inc. announced it expanded its ship-repair capabilities with the acquisition of the West Coast operations of Earl Industries, LLC. Terms of the deal were not disclosed. The acquisition brought Epsilon 12 more employees and Earl’s National City facility, which supports ship- and submarine-repair projects.

, Brad Graves

– – –


Cymer Profits From Quarter:

Cymer Inc., a San Diego-based maker of laser equipment used to make semiconductors, reported net income for the fourth quarter of $16.4 million on revenue of $102.8 million, compared with net income of $10.4 million on revenue of $128.1 million for the prior year’s fourth quarter. The results caused nearly a $5 jump in Cymer shares, traded under CYMI on Nasdaq, to $49.76 on Feb. 1, just below their 52-week high of $50.38.

, Mike Allen

– – –


Websense Stock To Split:

San Diego-based Websense, Inc., which makes software to protect employers from various perils of Internet use, reported net income of $11.1 million, on revenue of $40.1 million during the fourth quarter. In the same quarter of 2004, the company brought in net income of $8.1 million on revenue of $31.7 million. The company also announced a two-for-one stock split. Websense, traded as WBSN on Nasdaq, closed Jan. 31 at $65.93, before the announcements. It closed at $67.69 on Feb. 1.

, Brad Graves

– – –


Ship Deal:

The Navy exercised an option to buy a ninth cargo ship from National Steel and Shipbuilding Co. The contract for the 689-foot ship is worth $317 million, shipyard parent General Dynamics announced.

, Brad Graves


Wednesday, Feb. 1


Sempra Chief Lays Out Agenda:

Donald Felsinger, who took the chief executive’s job at Sempra Energy on Jan. 1, added the title of chairman. Felsinger, 58, jump-started his tenure by vowing to spend $4 billion in the next two years on capital projects. He told the Associated Press that he plans to spend the money on expanding new businesses, including those dealing with liquefied natural gas. The $2 billion in yearly spending will be a significant increase from the $1.5 billion spent in 2005, $1.16 billion spent in 2004 and $1.25 billion spent in 2003. Felsinger’s predecessor, Stephen Baum, announced his retirement in the fall.

, Jessica Long

– – –


New CEO At MediaFlo:

Gina Lombardi, 44, was named chief executive of MediaFlo USA Inc., a unit of Qualcomm Inc., where she will help launch the company’s TV-over-wireless-phone service. She follows Richard Sulpizio, who spent the last year heading MediaFlo’s startup operations. Lombardi was most recently a senior vice president at Qualcomm.

, Brad Graves

– – –


Sports In Stereo:

Broadcast Company of the Americas, the La Jolla-based company that owns the Mighty 1090 all-sports radio station, extended the programming to its FM sister station. The two stations were renamed XX Sports Radio, or “Double X” Sports Radio. The FM station, at 105.7 on the dial, previously aired Spanish language music under the name La Pantera.

Broadcast Company of the Americas also owns Cash 1700 AM, which airs financial talk programming.

, Jessica Long

– – –


VCs Like Tarari:

San Diego-based Tarari Inc., which designs specialized semiconductors and software, has completed a series C round of venture capital funding, raising $14 million.

Leading the round was San Diego-based Enterprise Partners Venture Capital. Also participating were Crosspoint Venture Partners, Morgan Stanley Venture Partners, Miramar Venture Partners and XMLFund.

, Brad Graves

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