San Diego Business Journal


Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

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.

Reva Medical Inc. Completes $25 Million Financing Transaction

San Diego-based Reva Medical Inc., a medical device company developing stents that can be absorbed by the body, announced that the $25 million financing transaction approved by shareholders on Oct. 31 has been successfully completed.

Waiting Period Ends for Proposed CareFusion, Becton Deal

Becton, Dickinson and Co. and CareFusion Corp. announced that the waiting period mandated under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding Becton’s proposed acquisition of San Diego-based CareFusion expired on Nov. 19.

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.

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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.

Isaac Capital Group Purchases $5 Million in Stock in Dataram Corp.

Isaac Capital Group LLC, a San Diego-based private investment firm, said it closed a $5 million preferred stock purchase in Dataram Corp., a New Jersey-based manufacturer of computer memory and software products.

Allylix Inc. Acquired by Swiss Company

Evolva Holding SA announced it has agreed to acquire San Diego-based Allylix Inc. in an all-stock transaction.

Organovo Releases Commercial Version of 3D Liver Tissue

Organovo Holdings Inc., a company that creates human tissues by 3-D bioprinting, announced the release of a commercial version of its bioprinted human liver tissue, specifically designed for testing drug toxicity.

Franklin Wireless Reports Q1 Net Sales of $13.6 Million

Franklin Wireless Corp., a San Diego maker of high-speed wireless modems and routers, reported fiscal 2015 first quarter net sales of $13.6 million, compared with $1.4 million in net sales for the like period of the prior fiscal year.

IFAN Financial Acquires Mobicash America

IFAN Financial Inc., a San Diego company that develops and distributes software to enable mobile payments, said it completed a share exchange with shareholders of Mobicash America Inc., and acquired the business as a wholly owned subsidiary.

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.

Agreement Gives Human Longevity Inc. Access to Major Database

San Diego-based Human Longevity Inc., a biological data-driven human health technology and cell therapy company, announced a collaborative agreement with King’s College London to access its TwinsUK Registry.

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.

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This Portable Office Pod Only Comes ‘in Green’

CLEAN-TECH: It Replaces Construction Trailer With a Sustainable Work Environment

A local construction company has discovered an eco-friendly and cost-effective use for those recycled shipping containers that have become the latest fad in green homebuilding.