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Vitesse loss narrows as new product sales overtake legacy offerings

By   /  Wednesday, August 6th, 2014  /  Banking & Finance, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Vitesse loss narrows as new product sales overtake legacy offerings

Vitesse Semiconductor Corp. continued its fight back to profitability in the third quarter, with new product revenues driving higher sales and its net loss narrowing to 7 cents per share. In the same quarter a year earlier, the Camarillo-based firm had recorded a net loss of 17 cents per share. Third-quarter revenue increased 3 percent Read More →

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Investors affirm Vitesse turnaround strategy in sold-out $26.7M offering

By   /  Friday, June 20th, 2014  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Investors affirm Vitesse turnaround strategy in sold-out $26.7M offering

In a little over a year, investors have twice shown confidence in the turnaround of Vitesse Semiconductor Corp. On June 17, the company netted proceeds of $26.7 million by selling 8.6 million shares of common stock.

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Channeling a bold idea: CSUCI embarks on $600M build-out

By   /  Friday, June 13th, 2014  /  East Ventura County, Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Channeling a bold idea: CSUCI embarks on $600M build-out

With the state of California’s higher education budget in disarray, CSU Channel Islands President Richard Rush has turned to the private sector to complete the dream of a four-year public university to serve Ventura County.

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Vitesse plans $23.2M stock offering

By   /  Thursday, June 12th, 2014  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Vitesse plans $23.2M stock offering

Shares of Vitesse Semiconductor Corp. plummeted 11.3 percent on Thursday after the company revealed plans to raise $23.2 million by selling common stock. The Camarillo-based chip design company said Thursday that the proceeds of the offering, a planned sale of 7.5 million shares at $3.35 each, would be used for working capital and general corporate Read More →

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SolarWorld learns what it’s like to be targeted by China

By   /  Friday, May 23rd, 2014  /  Columns, Opinion  /  Comments Off on SolarWorld learns what it’s like to be targeted by China

Henry Dubroff

Two years ago, teams at SolarWorld’s sales office in Camarillo and production center in Hillsboro, Oregon, were hurrying to complete a Department of Commerce anti-dumping complaint against Chinese competitors when they received an urgent communication. An FBI field office in Camarillo wanted to give SolarWorld an important heads-up. Proprietary information had been hacked and the Read More →

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VCCF president and CEO to step down

By   /  Monday, May 12th, 2014  /  East Ventura County, Nonprofits, Tri-County Economy, West Ventura County  /  Comments Off on VCCF president and CEO to step down

Hugh Ralston, president and CEO of the Ventura County Community Foundation, will step down later this year in a move that will likely cause ripples across the philanthropic leadership in the region. Ralston, who has led VCCF for 11 years, said he wanted to announce his resignation now to allow the organization’s board an opportunity Read More →

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Oasis Technology hopes to get kids hooked on white-hat hacking

By   /  Friday, May 2nd, 2014  /  Columns, Technology  /  Comments Off on Oasis Technology hopes to get kids hooked on white-hat hacking

Oasis Technology of Camarillo is sponsoring a contest with three Ventura County high schools to get students interested in becoming the good guys in the world of cybersecurity.

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