December 13, 1999 |
Thanks to Wall Street's seemingly endless love affair with all things digital, some local technology executives have a lot to be thankful for this holiday season. Chip-maker Broadcom and its two co-founders are local media darlings for this wave of the geek nouveau riche. When the stock price recently broke through the $200 mark, Chief Executive Henry T. Nicholas III and Chief Technology Officer Henry Samueli watched their personal worth break $4 billion each.
December 2, 1999 |
Tiny Qwes.com in Tustin said Wednesday that it agreed to be acquired by a Massachusetts company for $58 million--the latest example of a young technology company striking it rich with the right idea at the right time. Natural MicroSystems Corp., a Framingham-based maker of Internet-based telecommunication products, said it will pay 1.5 million shares of stock for Qwes.com., an 18-month-old company with no revenue. Natural MicroSystems' shares closed Wednesday at $38.
November 30, 1999 |
Networking giant Cisco Systems Inc. has devised an alternative method of providing high-speed wireless Internet access that will be available to businesses early next year and could be open to consumers by the end of 2000, as Cisco joins the race with telephone and cable companies to connect customers to the Internet. The Cisco system is designed to be used with fixed, and not mobile, receivers and transmitters.
November 22, 1999 |
Irvine-based eMachines Inc., which has become the No. 3 desktop computer manufacturer in less than a year by selling bargain basement personal computers, last week said it is expanding into the laptop market. Citing the exodus this year of personal computer manufacturers from the retail store market, including former stalwarts IBM Corp., NEC and Packard Bell Inc., eMachines officials said the company wanted to fill the vacuum.
November 9, 1999 |
Western Digital Corp. has expanded its hard-drive offerings in a fast-growing part of the computer market, spurring some buying activity Monday in the Irvine company's depressed shares. After rising as much as 13%, Western Digital shares settled to close at $2.94, up 13 cents on heavy volume of 3.7 million shares. Average volume on the NYSE-traded shares is 2.3 million. The activity was apparently prompted by the disk-drive maker's launch of its WD Vantage hard drives.
November 5, 1999 |
StarBase Corp., the Santa Ana-based computer network tools maker, said Thursday that it plans to round out its product line by acquiring financially troubled Irvine software maker ObjectShare Inc. StarBase officials said they expect to pay about $7.5 million in stock--or 3.8 million to 4.8 million shares, depending on the company's price per share when the deal closes sometime in the next four months. The deal, which has been in the works since summer, requires shareholder approval.
November 1, 1999 |
Cisco Systems, the world's largest maker of Internet equipment, has moved into new offices near UC Irvine and plans to expand its local networking research team in the next year. The company, which works on high-speed Internet access technologies, set up a small research office nearly three years ago after it acquired a router company called Newport Systems. The team, at the time, was about 45 people, representatives said.
October 29, 1999 |
In an unusually candid statement by a corporate chieftain, the chief executive of Santa Ana-based Ingram Micro Inc. said Thursday that severe health issues faced by several of his family members caused the company to begin searching for his successor.
October 9, 1999 |
Anaheim-based Odetics Inc. will receive $100 million as a settlement of a 4-year-old patent infringement lawsuit against a competitor, the company said Friday. The agreement calls for Louisville, Colo.-based Storage Technology Corp. to pay Odetics $80 million immediately, plus $10 million each year for the next two years, and settles all outstanding patent litigation between the two companies. "We're very pleased with this," said Gregory Miner, Odetics' chief financial officer.
September 22, 1999 |
Western Digital Corp. said Tuesday it will report another larger-than-expected quarterly deficit, bringing its total losses over the last two years to nearly $1 billion and calling into question its long-term prospects as an independent company. The Irvine-based computer hard-drive manufacturer, one of Orange County's seven Fortune 500 companies, is suffering through an industrywide slump as production capacity outstrips demand and competitors slash prices.