San Diego Business Journal

Qualcomm Ventures Participates in $27 Million Funding Round For Israeli Tech Co.

Qualcomm Ventures, the investment arm of Qualcomm Inc., took part in a $27 million series C funding round for Stratoscale, an Israeli company that makes technology for data centers, the San Diego organization said March 23.

Mad Catz to Voluntarily Delist from Toronto Stock Exchange

Mad Catz Interactive Inc., the San Diego-based videogame peripheral maker, said on March 24 that it plans to voluntarily take its stock off of the Toronto Stock Exchange while remaining on the NYSE MKT small cap exchange.

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Secure Investment

TECH: Venture Capitalists Betting On Maturing Cybersecurity Field

For Stephan Chenette, the time seemed right. After working in cybersecurity for the better part of two decades, Chenette figured October 2013 was the optimum time to start his own business.

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Sequestration’s Budget Ax Could Fall on San Diego in 2018

Defense Secretary Ash Carter warned against the possible return of sequestration in 2018, saying the program of federal budget cuts would cause uncertainty for the Pentagon. He made his remarks March 22 during testimony before the House Armed Services Committee.

Time Warner Begins Process to Increase Internet Speeds

Time Warner Cable said March 22 that it has begun a program to increase Internet speeds for its San Diego County customers. The cable system operates in the area of the county north of the San Diego River.

RF Industries Reports Q1 Net Loss of $353K on Net Sales of $7M

RF Industries Ltd., which makes cable assemblies and connectors for electronics, reported a first quarter net loss of $353,000, or 4 cents per share, on net sales of $7 million.

WD-40 Declares Quarterly Dividend

Directors of WD-40 Co. named Daniel T. Carter to a seat on its board of directors, effective March 21.

Cubic Corp. Subsidiary Receives $1.4 Million Contract

Cubic Corp. announced on March 21 its TeraLogics LLC subsidiary received a $1.4 million contract from the Defense Information Systems Agency.

U.S. Air Force Awards GA-ASI Three-Year, $53.8 Million Contract

The U.S. Air Force awarded Poway-based General Atomics Aeronautical Systems Inc. a three-year, $53.8 million contract to give new capabilities to the Block 5 version of the MQ-9 unmanned aircraft, also known as the Reaper.

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Viterbi Donates $5 Million to The Old Globe Theater

Qualcomm Inc. cofounder Andrew Viterbi has given $5 million to San Diego’s Old Globe, the Balboa Park theater organization announced.

Mary Gendron Named CIO/SVP at Qualcomm Inc.

Qualcomm Inc. announced March 17 that Mary Gendron joined the company as senior vice president and chief information officer. Gendron will lead Qualcomm’s global information technology organization.

ImageWare Systems Posts Q4, 2015 Financial Results

ImageWare Systems Inc. reported a net loss of $2.83 million, or 3 cents per share, on revenue of $902,000 during its fourth quarter. In the same quarter of 2014, ImageWare reported a net loss of $1.96 million, or 2 cents per share, on revenue of $1.24 million.

Powerhouse GE Taps Proximetry’s Talents for New Platform

It’s always nice when you are the little guy and the big guy turns to you for some specialized help.

Internet Gambling Among Challenges for Indian Gaming

GAMING: Casinos Must Adapt to Changing Tastes, Aging Customer Base

The growth of Internet gambling is the “most immediate challenge” facing American Indian tribes that rely on brick-and-mortar casinos to fund their governments.

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Miniature Drone Takes Teaching Code to New Heights

EDUCATION: Co. Links Video Lessons to Operating New Consumer Product

Hansol Hong has a Kickstarter hit. The owner and CEO of Robolink Inc. recently convinced the Internet community to give his company the funds to mass-produce a quadcopter about the size of a cocktail napkin.

Three S.D. Shipyards Awarded Navy Contracts Potentially Worth $1.32B

The U.S. Navy has tapped three San Diego shipyards to conduct maintenance on its San Diego-based warships.

Navy Awards HDR Architecture Inc. 5-Year, $30 Million Contract

The U.S. Navy awarded HDR Architecture Inc. a contract to provide architecture and engineering services that could be worth as much as $30 million over five years.

Kratos Defense Receives $10.5 Million Contract

Kratos Defense & Security Solutions Inc. said on March 15 that its Modular Systems Division recently received $10.5 million in contract awards from an undisclosed client.

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LRAD Corp. Names Activist Shareholders, CEO to Resign

Activist shareholders named two directors to the board of LRAD Corp. and have achieved their goal of dismissing the company’s CEO.

Kratos Awarded $11.2 Million From Unnamed U.S. Government Agency

Kratos Defense & Security Solutions Inc. said that its RT Logic subsidiary received an $11.2 million task order from an unnamed U.S. government agency. The deal, announced March 8, calls for Kratos (Nasdaq: KTOS) to supply satellite and communication system products, hardware and equipment.

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Changing Jobs

Downtown’s Labor Landscape Evolves Over the Years As Area Itself Transforms

The nature of work in downtown San Diego is changing once again.

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Kratos Receives $5.49M Navy Contract

Kratos Defense & Security Solutions Inc. said on March 11 that it received a U.S. Navy contract valued at $5.49 million.

Kratos Defense Reports Q4 Net Loss of $4M on Earnings of $177.5M

Kratos Defense & Security Solutions Inc., the defense holding company based in the University Towne Center neighborhood, reported a fourth quarter net loss of $4 million, or 7 cents per share, on revenue of $177.5 million.

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Lytx Buyer Sees Opportunities Down the Road

TECH: Lytx Said to To Have 66 Percent Of Emerging Market

The Chicago private equity firm buying Lytx Inc. wants its new acquisition to stay the course.

S.D. Aerospace Sector Brings Home Business and Good Jobs

The number of aerospace workers in San Diego County has snowballed over the last decade to slightly more than 12,000, according to a new report.

InfoSonics Corp. Reports Q4 Net Loss of $959,000

InfoSonics Corp., which produces wireless phones and tablets largely for the Latin American market, reported a fourth quarter net loss of $959,000, or 7 cents per share, on quarterly net sales of $10.2 million. In the same quarter one year ago, the business reported net income of $730,000, or a nickel per share, on revenue of $17.9 million.

Kyoto Prize Symposium to Feature Famed Chemist, Astrophysicist, Choreographer

Chemist Toyoki Kunitake, winner of the 2015 Kyoto Prize for advanced technology, will speak at 10 a.m. March 16 at Montezuma Hall of the Conrad Prebys Aztec Student Union at San Diego State University.

Mitek CEO James DeBello Named Chairman of the Board

The board of Mitek Systems Inc. named CEO James DeBello to the role of chairman, the technology company announced on March 9. DeBello takes the chairmanship from John Thornton, who stepped down from the board.

Navy Awards BAE Systems $47.3 Million Contract

The U.S. Navy awarded BAE Systems San Diego Ship Repair its second contract in a week.

Bizness Apps Moving Operations to San Diego

San Francisco-based Bizness Apps said it plans to move to San Diego in April, bringing nearly 100 jobs with it.

Qualcomm Directors Raise Dividend 10 Percent

Directors of Qualcomm Inc. raised the company’s dividend 10 percent, the company said March 8.

BAE Systems San Diego Ship Repair Receives $28.2M Navy Deal

The U.S. Navy awarded BAE Systems San Diego Ship Repair a $28.2 million contract modification for work on the Arleigh Burke-class destroyer USS Higgins.

Harper Construction Co. Gets $25.1 Million Navy Deal

Harper Construction Co. Inc. will travel to Ventura County to perform its latest building project for the U.S. Navy.

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UC San Diego Receives Multimillion-Dollar Gift from Famed Pollster

The University of California, San Diego announced March 3 that it has accepted a gift from pollster, academic and social researcher Daniel Yankelovich.

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Company Taps Knowledge-Based Needs of Government

TECH: Redhorse’s Work Is Supporting More Than 20 Agencies

When David Inmon was ready to try his hand at entrepreneurship, one of his first tasks was choosing a name for his company.

Task Force Finds Model For Student Success at Thinkabit Lab

The private sector can offer a lot — a learning environment, technical knowledge and a measure of help — to economically disadvantaged students under an ambitious plan to bring more young people into high-demand scientific and tech jobs.

Qualcomm Plants Its Flag in 5G Territory

TECH: Move Could Put Co. in 5G Driver’s Seat

At Qualcomm Inc., the future is synonymous with five.

Navy Awards $156.6 Million Contract to General Dynamics NASSCO

The U.S. Navy awarded General Dynamics NASSCO a $156.6 million contract for shipyard work on the USS Essex, a large amphibious assault ship that joined the fleet in the 1990s.

Qualcomm Agrees to Pay $7.5 Million to Settle SEC Investigation

Qualcomm Inc. said March 1 that it settled alleged violations of the Foreign Corrupt Practices Act with the U.S. Securities and Exchange Commission and agreed to pay a civil penalty of $7.5 million.

U.S. Navy Awards Three-Year Contracts to Four Companies

Four companies — Booz Allen Hamilton Inc., G2 Software Systems Inc., Kratos Defense & Security Solutions Inc. and Science Applications International Corp. — received U.S. Navy contracts to provide technical support to SPAWAR, the San Diego-based Space and Naval Warfare Systems Command.

Marine Corps Award Cubic Corp. Contracts Worth $3.7 Million

Cubic Corp. said on Feb. 29 that it received a series of contracts collectively worth $3.7 million to improve the U.S. Marine Corps’ battle simulation system.

Wrike Announces Hiring Plans for San Diego

Wrike, a software as a service provider, plans to bring 150 jobs to San Diego over the next three years, the company announced Feb. 29.

General Atomics ASI Tests Predator B Designed for Longer Range Missions

General Atomics Aeronautical Systems Inc. recently announced the first flight of a longer-endurance Predator B unmanned aircraft with extended wings. The new wings give the aircraft 48 percent more flight time or greater, as well as the ability to carry more objects under the wings.

Lockheed Martin Corp. Secures $10.4M Navy Contract

The U.S. Navy awarded Lockheed Martin Corp. a 19-month, $10.4 million contract modification to provide support for an undersea warfare and anti-submarine warfare combat system.

Carlsbad-Based Palomar Display Products Receives Six Orders Worth $7.8 Million

Palomar Display Products Inc. of Carlsbad said it received six domestic and international orders worth $7.8 million for military thermal sight displays.

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Marine Corps Not a Target-Rich Environment for BRAC

The U.S. Marine Corps’ top general says the service’s base structure is lean and well-suited for its mission. “Our view is we don’t have a whole lot of excess capacity,” Gen. Robert B. Neller, commandant of the Marine Corps, said during a talk with reporters Feb. 19.

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Show Me the Sales: Linking Online Ads and Offline Commerce

TECH: Businesses Pay for Advertising When Sale Is Made

Sixteen numerals are all that Jon Carder needs to connect the dots.

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Co. Makes Case for Handling Firms’ IT

TECH: It Tailors Offerings To Law Firms, Professions

Abacus Data Systems Inc. is riding into 2016 on the popularity of cloud-based IT for professional offices, mainly law firms. With new backing from an Eastern private equity firm, Abacus wants to build on its record of 188 percent growth over two years. It’s betting on more growth by expanding its offices and putting out the call for 80 new employees.

Navy Awards BAE Systems $15.6 Million Contract

The U.S. Navy awarded BAE Systems San Diego Ship Repair a $15.6 million contract to conduct post-shakedown availabilities for the Navy’s newest littoral combat ships, the USS Detroit and the USS Montgomery.

Air Force Awards $18.7 Million Contract to Kratos, Subsidiary

Kratos Defense & Security Solutions Inc. and its Composite Engineering Inc. subsidiary will provide unmanned aerial target systems to the U.S. Air Force under an $18.7 million deal. San Diego-based Kratos (Nasdaq: KTOS) announced the award Feb. 23.

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