Peregrine Semi and Fallbrook in IPO Lineup, Qualcomm Unveils FlashLinq in Barcelona, Algebraix Raises $7.5M, & More San Diego BizTech News
With the Mobile World Congress underway this week in Barcelona, you can expect a cacophony of wireless news this week. San Diego’s Qualcomm was among the companies that issued some news ahead of the conference, and we’ve got it wrapped up for you here.
—Two San Diego technology companies, Peregrine Semiconductor and Fallbrook Technologies, were among 121 companies on file to go public on U.S. exchanges at the end of December, according to a report from the Ernst & Young accounting firm. During the fourth quarter of 2010, 57 companies went public and 56 others registered for IPOs, according to the report.
—There are Qualcomm chips inside the new Verizon version of Apple’s iPhone 4, according to home repair website iFixit. The Verizon iPhone includes both a Qualcomm MDM6600—a “world mode” baseband chip that can support both CDMA and GSM cellular frequencies—and a Qualcomm PM8028 power management chip.
—San Diego’s Active Network acquired Fellowship Technology without saying how much it paid for the Irving, TX-based company, which provides software as a service for church management and ministry activities.
—The Mobile World Congress has begun in Barcelona, where San Diego’s Qualcomm will demonstrate FlashLinq, a new type of peer-to-peer network technology. Qualcomm said last week that its synchronous TDD OFDMA technology advances a concept known as proximal communications, which allows cell phones to find one another and share information at broadband speeds without the need for a network to connect them.
—Qualcomm Ventures’ Nagraj Kashyap talked about changes that have been made to the wireless giant’s QPrize seed investment competition. Six finalists will compete in the grand finals competition, which will be at the Winter Demo conference in Desert Springs, CA at the end of this month. Qualcomm is awarding a total of $750,000 in financing to the finalists.
—Analytics startup Algebraix Data of San Diego has raised $7.5 million in an offering of debt, securities, and rights to acquire securities.
—In reporting financial results for its fiscal third quarter that ended Jan. 1, Carlsbad, CA-based ViaSat said its commercial satellite services business segment contributed $59.3 million in revenue—a 383 percent increase compared to the third quarter of fiscal year 2010. ViaSat said the revenue increase was primarily attributable to its WildBlue acquisition, as well as growth in mobile broadband services.