Teledyne subsidiary to develop parts for satellite network
Teledyne Defence won a contract June 6 to develop parts for micro satellites which may create a worldwide Internet network. Teledyne Defence, a United Kingdom-based subsidiary of Thousand Oaks-based industrial conglomerate Teledyne Technologies, said OneWeb Satellites awarded the company a contract June 6 to develop a component called a communications repeater for a network of Read More →
Read More →Semtech sells subsidiary Snowbush IP to Rambus
Semtech, a Camarillo-based manufacturer of semiconductors for the mobile phone industry, sold subsidiary Snowbush IP for $32.5 million to Sunnyvale-based Rambus, which develops memory systems for smartphones. Semtech said it also could receive more payments from Rambus through 2022 based upon a percentage of sales by Rambus of new products expected to be developed by Read More →
Read More →Calavo Growers reports highest quarterly net income in company history
Calavo Growers had its highest quarterly net income and gross profits ever, the company announced in a second quarter earnings report June 6, with earnings per diluted share of 56 cents. That beat the average estimate of analysts surveyed by Zacks Investment Research, which was for earnings of 50 cents per share. The Santa Paula-based Read More →
Read More →Oxnard’s Clean Diesel Technologies replacing CFO
Clean Diesel Technologies’ chief financial officer will resign and the company will conduct a reverse stock split as it tries to stay listed on the Nasdaq stock exchange. Oxnard-based Clean Diesel Technologies, which makes diesel emission control systems for diesel powered vehicles, said in a June 1 filing with the Securities and Exchange Commission that Read More →
Read More →Former president of Melchiori Construction charged with 47 felonies
The Santa Barbara County District Attorney’s Office filed a criminal complaint against Mark Melchiori, the former president of Melchiori Construction Co., the office announced on June 2. Melchiori is charged with 47 felony counts, including diversion of construction funds, insurance fraud, violations of the unemployment insurance code, prevailing wage fraud, embezzlement, grand theft and conspiracy to Read More →
Read More →Semtech sales up 11 percent, company says in first quarter earnings report
Semtech sales increased 11 percent, the company said when it reported first quarter fiscal year 2017 earnings June 1. Semtech, a Camarillo-based supplier of analog and mixed-signal semiconductors, said revenues increased from $130 million in 2016 to $131.1 million in 2017. Net income increased from a loss of $142,000 during the same quarter in 2016 Read More →
Read More →Westmont College alumnus mourned after UCLA shooting
A Westmont College alumnus was the victim of an apparent murder-suicide at UCLA on June 1 in a dispute over intellectual property. William Klug, an associate professor of mechanical and aerospace engineering at UCLA, was killed in the shooting which left Klug, 39, and the shooter, Mainak Sarkar, dead. Sarkar was a former graduate student Read More →
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