Qualcomm Rides Wave of 3G Growth, Dissident Shareholder Emerges at Leap, UCSD’s Fowler Plumbs the Power of Social Networks, & More San Diego BizTech News
(Page 2 of 2)
be built near El Centro, CA, will be the first customer for the biggest solar panel factory to be built in San Diego. As part of its deal with Tenaska Solar Ventures, SDG&E pushed for the company supplying the concentrating solar panels to build its factory in the San Diego region.
—San Diego-based Grid2Home, which develops software for the smart grid raised almost $2.6 million of a planned $3.1 million in equity investments. Grid2Home’s software provides two-way data communications from a meter to “smart” household appliances and electric vehicles.
—Roth Capital Partners‘ 23rd annual OC Growth Stock Conference begins today in Dana Point, CA, with scheduled presentations over the next three days by more than 430 small-cap public companies—including 100 based in China. That makes this Roth’s biggest conference ever. The San Diego-based companies scheduled to make investor presentations include Qualcomm (NASDAQ: QCOM), Mad Catz (AMEX: MCZ), MaxLinear (NYSE: [[MXL:]]), Maxwell Technologies (NASDAQ: [[MXWL:]]), Mitek Systems (NASDAQ: [[ticker:MITK.OB]]), Overland Storage (NASDAQ: OVRL), LRAD (NASDAQ: LRAD), and Pure Bioscience (NASDAQ: PURE).
—San Diego’s Leap Wireless (NASDAQ: LEAP), a low-cost wireless service provider that spun out of Qualcomm in 1998, is coming under pressure from a dissident shareholder, Chicago-based Pentwater Capital Management. Pentwater, which nominated three of its own candidates for Leap’s board of directors, claims that Leap has made a series of poor strategic decisions in recent years. Pentwater owns almost 5 percent of Leap shares.