Sony Consolidates Gaming, San Diego’s Slow Recovery, Connect’s Hall of Fame Inductee, & More San Diego BizTech News
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information technology services and communications products to the military and government agencies. Under Ray, Titan grew to more than 15,000 employees and $2.5 billion in annual sales before it was acquired by L-3 Communications in 2005.
—Connect reported that 84 high tech and life sciences startups were formed during the fourth quarter of 2010, a 13 percent increase from the same quarter of 2009, when 74 new companies were started. It was one positive sign amid many mixed signals as San Diego’s innovation economy continues to slide mostly sideways. Connect issues a report on San Diego’s innovation economy every quarter.
—A broader study of local leading economic indicators from the University of San Diego for February shows a big increase in economic activity, driven by an improving job market. But USD economist Alan Gin, who compiles the local index of economic indicators for the Burnham-Moores Center for Real Estate, cautioned that San Diego County still has a long way to go to regain the 100,000 jobs lost after the recession hit in 2007.
—Randy Franks, who is managing director for the human resources firm Modis in San Diego, told me he’s been seeing a release in the pent-up demand for information technology workers. Franks says most of the programming in San Diego is done for software embedded in medical devices, wireless devices, and other electronic equipment.
—San Diego’s VMIX said it has adopted its video platform technology in a way that now makes it possible to rent videos on Facebook, and watch them on the social networking site, or on a smartphone, tablet, PC, or Internet-connected television.
—NASA halted work on an advanced zoom 3D camera system that was under development at San Diego’s Malin Space Science Systems for “Curiosity,” the name given to the Mars Science Laboratory rover managed by the Jet Propulsion Laboratory in Pasadena, CA. There isn’t enough time left to finish the work before launch. Michael Ravine, the advanced technology manager at Malin, told me by e-mail, “It was pretty disappointing to get that close but not quite finish them. The cameras we do have on the rover are still pretty good.”