Confident Technologies Makes San Diego Debut, Startups Get Fresh Venture Funding, Peter Preuss Gets Inducted to Connect Hall of Fame, & More San Diego BizTech News

4/26/10Follow @bvbigelow

(Page 2 of 2)

a group of former DivX techies, has raised a total of $8.5 million so far since it was founded.

—San Diego’s Qualcomm (NASDAQ: QCOM), the world’s biggest maker of wireless chips for mobile phones, delivered strong financial results for its fiscal second quarter—and a weakened outlook for the rest of the year. In reporting second-quarter profit of $774 million (46 cents per share) on revenue of $2.66 billion, Qualcomm showed that rapid growth in smartphone sales is helping to keep its operating margin at 29 percent. CEO Paul Jacobs also noted that 3G subscribers have now surpassed 1 billion worldwide.

—San Diego-based Cymer (NASDAQ: CYMI), which makes advanced laser systems used in semiconductor manufacturing, says it will report sales for the first time this summer from a new system it has developed for use in making ultrathin display screens. The company reported a profit of $16 million (53 cents a share) on revenue of $113.7 million for the first quarter of 2010.


Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

Single Page Currently on Page: 1 2 previous page

By posting a comment, you agree to our terms and conditions.