San Diego Business Journal

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.

Qualcomm Executives Get Hefty Stock Awards to Stay Put

Saying that other companies are “aggressively” using Qualcomm Inc.’s executive suite as a source for talent, Qualcomm (Nasdaq: QCOM)’s board has awarded new compensation packages for key executives.

Qualcomm Execs Get Hefty Stock Awards to Stay Put

Saying that other companies are “aggressively” using Qualcomm Inc.’s executive suite as a source for talent, Qualcomm (Nasdaq: QCOM)’s board has proposed new compensation packages for key executives.

Vanguard Delivers Satellite Structures to Lockheed Martin

Vanguard Space Technologies Inc. said on Jan. 22 that it recently delivered two satellite bus structures to satellite-builder Lockheed Martin Corp. (NYSE: LMT).

Proposed Jones Act Repeal Could Hurt Domestic Shipbuilders

A move afoot in Washington, D.C., has the potential to disrupt business at General Dynamics Nassco.

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New Outlet Is Also Effective At What It Doesn’t Deliver: Shocks

TECH: Its Safety And Connectivity Are Big Advances

Don’t let its bland or benign looks fool you.

Company’s App to Amplify Grammy Experience

TECH: Viewers Will Be Able to Watch On Phone, Tablet

A Pacific Beach business is working to make the Grammy Awards, set for Feb. 8, into a two-screen experience.

Small Businesses Face Burden of New Laws

LEGAL: Compliance More Difficult for Some Firms

Burke Jones mulls a list of expenses for his three UPS Store franchises.

California Tribal Leaders to Discuss Gaming Industry's Future

Leaders of California Indian tribes that run casino and hospitality businesses will convene on the Rincon reservation outside Valley Center next month to discuss what’s next for their industry.

General Atomics Receives Multimillion-Dollar Contract

General Atomics Aeronautical Systems Inc. of Poway received a multimillion-dollar contract to provide logistics support for unmanned aircraft operated by the United Kingdom. The Pentagon announced the award — which is not to exceed $34.6 million — on Jan. 20.

Qualcomm Shares Dip on Reports of Samsung Using Its Own Chip

Media reports that Samsung does not plan to use Qualcomm Inc.’s Snapdragon 810 chip for its next smart phone apparently sent Qualcomm (Nasdaq: QCOM) shares lower on Jan. 21 before they quickly recovered.

Japan to Buy Global Hawk Aircraft from Northrop Grumman

Northrop Grumman Corp. has confirmed that the Japanese government plans to buy the company’s Global Hawk high-altitude reconnaissance aircraft. Specifics of the buy, however, are not yet available.

Public Memorial Set for SAIC Founder J.R. Beyster

A public memorial for J.R. Beyster, founder and longtime CEO of defense contractor SAIC, is scheduled for 2 p.m. Saturday, Jan. 31 at the Hilton San Diego Resort & Spa, 1775 East Mission Bay Drive. Beyster died on Dec. 22 at age 90.

AT&T Offering High-Speed Internet Service to Some Businesses

AT&T Inc. has started marketing a high-speed Internet service called AT&T Business Fiber in multitenant office buildings in San Diego.

Sycuan Band Elects Cody Martinez Chair of Tribal Council

The new year brought new leadership to the Sycuan Band of the Kumeyaay Nation, which runs the Sycuan casino and resort properties east of El Cajon.

App Developed by MJD Interactive Will Amplify Grammy Experience

A Pacific Beach business is working to make the Grammy Awards, set for Feb. 8, into a two-screen experience.

Navy Awards $16.4 Million Task Order to I.E.-Pacific Inc.

A San Diego construction company will renovate and build facilities at Naval Base Ventura County to accommodate the U.S. Navy’s new Triton unmanned aircraft.

I.E.-Pacific Inc. Receives $16.4 Million Order From Navy

A San Diego construction company will renovate and build facilities at Naval Base Ventura County to accommodate the U.S. Navy’s new Triton unmanned aircraft.

Pacific Beach Company Creates App to Watch Grammy Awards

A Pacific Beach business is working to make the Grammy Awards, set for Feb. 8, into a two-screen experience.

Qualcomm’s Patent Prowess Chips Away at Some Leaders in IP

By now, that famous patent wall should be stretching out the door and across Morehouse Drive.

Gerald Choung Named Vice President of Sales at ESET

Anti-virus maker ESET has named Gerald Choung as its vice president of sales.

Qualcomm Investing Undisclosed Sum in Satellite System

Qualcomm Inc. is investing an unspecified sum of money in a constellation of 648 micro satellites meant to provide Internet service to portions of the world that don’t have it, according to the satellite provider.

Marine Group Boat Works Receives $45M in Navy Contracts

Chula Vista-based Marine Group Boat Works LLC said it recently pulled in more than $45 million in contracts to build 27 small boats for the U.S. Navy.

CES Offers a Full Plate of the Latest Technology and a Cookie

So much to see! The consumer electronics show in Las Vegas — aka 2015 International CES — offers the sprawling, overwhelming spectacle of a world’s fair while showing off the newest in technology that ordinary folks can get their hands on.

Look Who’s Talking: Internet of Everything Keeps Expanding

TECH: Connections Could Open Up a New Universe of Opportunities

Wi-Fi in a rice cooker?

Company Sees Winning Combo With Gamers, Fantasy Leagues

TECH: Platform Brings Opportunity to Monetize Enthusiasm

Todd Peterson thinks he sees the future, and it’s pretty much like the present: He sees people relaxing and engaged, watching pro sports.

Three Satellite Contracts Worth $40M for Kratos

Kratos Defense & Security Solutions Inc. said that it recently received three satellite communications contracts collectively worth $40 million. The company did not name its customers.

ViaSat Chooses SpaceX for Its Satellite Launch

SPACE: Price of ViaSat-2 Launch Has Not Been Revealed

The first step into orbit is finding someone to take you there. ViaSat Inc. has chosen Elon Musk’s SpaceX to put its ViaSat-2 satellite into orbit in 2016.

Seismic Completes $20 Million Series B Funding Round

Solana Beach-based Seismic said on Jan. 8 that it completed a $20 million series B funding round led by JMI Equity.

Carlsbad-Based Process Peak Acquired by FranConnect

FranConnect Inc. of suburban Washington, D.C. has acquired Carlsbad-based Process Peak, the buyer announced on Jan. 8. Terms of the deal were not immediately available.

Escondido-Based Detectent Sold to Silver Springs Network for $12 Million

Silver Spring Networks Inc., a publicly traded company from Silicon Valley operating in the smart grid space, said on Jan. 7 that it acquired Escondido-based Detectent Inc. for $12 million cash.

MIT Enterprise Forum Ends Contract With CONNECT

San Diego’s Massachusetts Institute of Technology Enterprise Forum has reorganized and hired its own executive director for 2015, ending an 11-year contract relationship with CONNECT.

Poway's General Atomics Awarded $43.3 Million Contract

The U.S. Air Force awarded Poway’s General Atomics Aeronautical Systems Inc. a $43.3 million contract to provide unspecified retrofits to an unspecified number of Reaper unmanned aircraft.

LG Electronics Unveils First Phone with Snapdragon Processor

LG Electronics unveiled the first phone to have Qualcomm’s Snapdragon 810 processor at its heart.

Budget Deal Brings Welcome Clarity to Defense Industry

DEFENSE: Some Seek to Sideline Any Sequestration

Just in time for the holidays, the federal government gave Brad Antle and his defense contracting peers a gift they had hoped for: visibility to the road ahead.

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Opportunity, Innovation and Competition Grow In Space Sector

TECH: Rule Change Should Open Up New Foreign Markets

A federal government flush with money, pushing ahead in the space race, ever eager to fund research and development.

State Filing Shows Qualcomm Layoffs Effective Feb. 11

The state of California recently offered some more color on Qualcomm Inc.’s upcoming layoffs.

Navy Awards IT Contract to Lockheed Martin

The U.S. Navy announced on Dec. 30 that it awarded Lockheed Martin Corp. a contract to provide information technology for the P-8A Poseidon aircraft. Some 16 percent of the work will be conducted in San Diego.

Kratos Defense Receives Three Satellite Contracts Totaling $40 Million

Kratos Defense & Security Solutions Inc. said on Dec. 30 that it recently received three satellite communications contracts collectively worth $40 million. The company did not name its customers.

Defense Contractor Chooses Vanguard to Make Reflector Antennas

San Diego-based Vanguard Space Technologies Inc. said on Dec. 29 that Harris Corp., the $5 billion Florida defense contractor, has selected it to produce satellite antenna reflectors. Financial terms of the deal were not disclosed.

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China Reportedly Wrapping Up Qualcomm Investigation; Hefty Fines Expected

The Chinese government is close to settling its antitrust investigation with Qualcomm Inc., according to the Reuters news service, citing a Dec. 26 statement to that effect from China’s National Development and Reform Commission.

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Cubic, Kratos Secure Air Force Contracts

The U.S. Air Force announced contracts for two San Diego companies on Dec. 29. Under the deals, Cubic Corp. will work stateside to support air force training in Saudi Arabia, while Kratos Defense & Security Solutions Inc. will concentrate on satellite communications work in Colorado.

Kratos Receives $13 Million Contract Modification from Navy

Kratos Defense & Security Solutions Inc. said on Dec. 23 that it received a contract modification worth $13 million to build helicopter simulators for the U.S. Navy.

Kratos Receives $72.3 Million Contract From Air Force

Kratos Defense & Security Solutions Inc. said on Dec. 22 that its Composite Engineering Inc. subsidiary received a $72.3 million award to supply target drones and associated support to the U.S. Air Force.

General Atomics Affiliate Awarded $375.2 Million Contract

The U.S. Air Force said on Dec. 23 that it awarded General Atomics Aeronautical Systems Inc. a $375.2 million contract for logistical support for its unmanned Predator and Reaper aircraft. Work will be performed in Poway and extend through the end of 2015.

SAIC Founder J. Robert Beyster Dies at Age 90

J. Robert Beyster, who started a small defense contracting business in a La Jolla building shared with a ballet studio and built that business into a Fortune 500 company, died of natural causes at his home in La Jolla early Dec. 22. He was 90 years old.