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Qualcomm Calls Apple Suit 'Baseless'

San Diego-based Qualcomm responded late Friday to the $1 billion lawsuit by Apple, calling Apple's claims "baseless" and saying that Apple has "intentionally mischaracterized our agreements and negotiations". Qualcomm also said that Apple has been " actively encouraging regulatory attacks" on the company in various jurisdictions around the world, by "misrepresenting facts and withholding information"....Continue →


Qualcomm Sued For $1 Billion By Apple

San Diego-based Qualcomm is being sued by Apple in a $1 billion lawsuit, alleging that Qualcomm has been charging the company unfair royalties. Apple said in a statement that Qualcomm has insited on charging Apple "at least five times more in payments than all the other cellular patent licensors we have agreements with combined", and that the firm had recently withheld nearly $1B in payments from Apple as "retaliation" to responding to law enforcement officials investigating Qualcomm....Continue →


The Young Turks Sets All Day Inauguration Coverage

Want to keep tabs on today's Presidential Inauguration? Los Angeles-based online political news network The Young Turks says it is providing streaming and coverage of the event today starting at 6am, and will be providing live streaming of the event, and analysis of the event on YouTube, Facebook, and Twitter, and also will be using Periscope 360 all day for its coverage....Continue →


Tribute To Caltech's Larry Gilbert, Founder of Tech Transfer Office

Larry Gilbert, the founder of the technology transfer program at Caltech, passed away in November in Florida, Caltech said this week, with a tribute to Gilbert's efforts at the school. Gilbert was the "founding father of technology transfer" at Caltech, according to the school, forming the Office of Technology Transfer in 1995....Continue →


Skyworks Sees Better Than Expected Quarterly Results

Irvine-based Skyworks Solutions, which develops analog semiconductors for the wireless and other markets, said late Thursday that it has seen better than expected, Q1 FY17 results. The publicly traded semiconductor maker said it saw revenues for the first quarter of $914.3M, versus an earlier expected estimate of $902.7M. Revenues were up 9.4 percent quarter to quarter....Continue →


Cubic Names New Board Member

San Diego-based Cubic Corporation, a systems integrator in the transportation, defense, training, and other sectors, said on Thursday that it has nominated Maureen Breakiron-Evans for its board of directors. Breakiron-Evans is the former CFO of Towers Perrin, and also was VP and General Auditor of CIGNA Corporation. Perrin also served at Inovant LLC, VISA's technology development company. Breakiron-Evans will take a seat previously occupied by Dr. Robert S....Continue →


Hyperloop One Names New CFO, Aims At New Funding Round

Los Angeles-based HyperLoop One, the advanced transportation technology developer led by Rob Lloyd, has named Brent Callinicos as its new Chief Operating Officer and Chief Financial Officer, the company said Thursday. Callinicos has been serving as a strategic advisor to the company since October. In an interview with the WSJ, Callinicos said he is coming on board as the company gears up for another funding round....Continue →


Two Bit Circus Adds $15M, Plans LA Amusement Park

Los Angeles-based Two Bit Circus, the STEM-focused, entertainment company led by Brent Bushnell, has raised $15M in a Series B funding round, the company said Thursday morning. The funding was led by JAZZ Venture Partners, and also included Foundry Group, Techstars Ventures, and Intel Capital plus new investors Dentsu Ventures, Georgian Pine and others....Continue →


How Amavitae Wants To Help Youth Find A Career They'll Love


For today's youth, it's often hard to figure out what they want to do in life--according to Deborah Ramo, Founder and CEO of Los Angeles-based Amavitae (www.amavitae.com). To help fix that, the startup has created a mobile app to guide people through their strengths, interests, key skills, and more to guide them along the way to a career they'll love....Continue →


Report: Price For Faraday Future's FF91 Nearly $300,000

Los Angeles-based electric car maker Faraday Future rolled outs its first production vehicle, the FF91, at CES earlier this month, but had not announced pricing. However, a new report says that LeEco CEO Jia Yueting has said that the new FF91 will cost "less than $300,000"--a staggeringly high price tag for an electric vehicle. Faraday Future has not officially announced the expected pricing for the vehicle....Continue →


MATCHCo Acquired By Shiseido

MATCHCo, a developer of a mobile app which helps users match their skin tones to cosmetics, has been acquired by Japanese cosmetics firm Shiseido. MATCHCo had its marketing and operations in Santa Monica, with engineering in Palo Alto. Financial terms of the acquisition were not announced. MATCHCo was founded by Dave Gross and Andy Howell in 2013, and launched its first app in November of 2015. Shiseido said that MATCHCo will remain based in California....Continue →


Famous Birthdays In Growth Mode

Los Angeles-based Famous Birthdays, which operates an online service which lets you look up the birthdays of famous people and read profiles of those celebrities, says it has now passed 13 million unique visitors, based on numbers from December. The company also says it now has a staff of 20 full-time staffers working out of its Santa Monica office. The startup, which recently relaunched its website to add video on its many profiles, is led by Evan Britton....Continue →



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