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NEWS
October 31, 1988
A radio hot line linking the San Diego and Tijuana police departments for improved communication during emergencies could be in place by Jan. 1, officials said. The announcement came at a joint meeting of the two city councils, the second such meeting intended to foster cooperation between the cities. "Incidents which occur at the border are oftentimes not of one side or another," San Diego Police Chief Bob Burgreen told the meeting.
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BUSINESS
June 25, 1993 | From Associated Press
Time Warner Inc. said it plans to build a 60-mile ring of fiber-optic cable through San Diego's downtown and northern communities to enable businesses to circumvent a local telephone network. Time Warner, the largest media conglomerate in the country, focusing on entertainment, cable and publishing, said Wednesday that the fiber-optic network would be completed by 1994 and be ready to serve area businesses by early 1995.
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BUSINESS
June 25, 1993 | From Associated Press
Time Warner Inc. said it plans to build a 60-mile ring of fiber-optic cable through San Diego's downtown and northern communities to enable businesses to circumvent a local telephone network. Time Warner, the largest media conglomerate in the country, focusing on entertainment, cable and publishing, said Wednesday that the fiber-optic network would be completed by 1994 and be ready to serve area businesses by early 1995.
NEWS
October 31, 1988
A radio hot line linking the San Diego and Tijuana police departments for improved communication during emergencies could be in place by Jan. 1, officials said. The announcement came at a joint meeting of the two city councils, the second such meeting intended to foster cooperation between the cities. "Incidents which occur at the border are oftentimes not of one side or another," San Diego Police Chief Bob Burgreen told the meeting.
BUSINESS
April 15, 2003 | From Bloomberg News
Leap Wireless International Inc., a San Diego wireless communications services provider spun off by Qualcomm Inc., filed for Chapter 11 protection. Leap Wireless and its Cricket Communications unit have been in talks with major creditors for a month to restructure debt, the company said. Leap Wireless said it expects to reach an agreement "in the next few weeks."
BUSINESS
May 21, 1997
State regulators are expected today to force San Diego-based Communications Telesystems International to quit doing business for three years and to pay back 56,000 customers who were illegally switched from other carriers. The victims, including many Latino and Asian immigrants in Orange, Los Angeles and San Diego counties, will receive refund checks of about $35 each. The penalty would effectively shut down CTI, better known as WorldxChange. The company did not return calls for comment.
BUSINESS
May 22, 1999 | JONATHAN GAW, TIMES STAFF WRITER
Irvine-based STM Wireless Inc. said Friday it has reached an agreement with its lender to extend the loan on which the company had defaulted. STM said it has established "the framework" for repaying $9 million to Wells Fargo HSBC Trade Bank. STM's credit arrangement with the bank expired April 1, prompting the lender to threaten foreclosure.
BUSINESS
May 18, 1999 | Jonathan Gaw
Struggling STM Wireless Inc. posted a first-quarter loss of $8.5 million Monday and said its deal to be acquired by a San Diego communications firm has been called off. The Irvine company's $8.5-million loss, the equivalent of $1.20 a share, included $1.6 million from the devaluation of the Brazilian currency and $617,000 in one-time restructuring expenses. A year ago, the company lost $4.1 million, or 62 cents a share. Revenue fell 55% to $3.1 million from $6.9 million last year.
BUSINESS
February 25, 2000 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Qualcomm Inc.'s mobile phone partner in China has reportedly delayed introduction of the company's technology in that country, which spooked investors Thursday and triggered as much as a 14% drop in Qualcomm's stock, which later recovered much of the loss. Shares of the San Diego communications company closed down $7.19 to $139.69 on Nasdaq. About 25.7 million shares changed hands in active trading.
BUSINESS
September 16, 1994 | AARON NATHANS, TIMES STAFF WRITER
Southern California biotechnology innovator Amgen Inc. and San Diego cellular telephone entrepreneur Irwin M. Jacobs are among six winners of this year's National Medal of Technology, the Clinton Administration announced this week. Thousand Oaks-based Amgen is one of only five companies ever to receive the prestigious award, which generally goes to individuals.
BUSINESS
February 6, 1998 | Reuters
Qualcomm Inc. said it is cutting 700 temporary jobs and that second-quarter earnings will fall short of first-quarter levels due mainly to canceled orders from South Korea customers. The San Diego-based communications company did not detail how much earnings would fall. In the first quarter the company reported earnings of $36.7 million, or 50 cents per diluted share, on revenues of $785.8 million. In the comparable year-ago quarter it posted profit of $16.7 million, or 23 cents.
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