Wireless Devices to Double by 2020, Overland Set for Turnaround, Ford Demos Wireless Health, & More San Diego BizTech News
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the metro area. Perhaps more importantly, the $28 billion in technology-related wages accounted for 45 percent of all labor income generated in the San Diego area in 2010.
—Strong venture capital funding nationwide during the three months that ended Sept. 30 is setting a pace that could register the biggest year for venture investments since 2001, according to data from New York-based CB Insights. The financial information firm says VCs sank $7.9 billion in 790 deals throughout the country during the third quarter. If that continues, CB says total VC funding could amount to $30 billion or more by the end of this year. Other VC surveys are expected to report their own results later this week.
—A year-long turnaround effort at San Diego’s Overland Storage (NASDAQ: OVRL) culminated last week with the company’s debut of new “SnapServer DX” technology. Now it is down to a question of market acceptance for the company with roughly 200 employees. The 31-year-old technology company used to make data storage machines only for other big technology companies, such as Hewlett-Packard and IBM. Overland has been re-inventing itself to sell everything under its own brand.
—The 2011 Consumer Electronics Association’s Industry Forum, which is scheduled for next week at the Manchester Grand Hyatt in downtown San Diego, is showcasing advances in health and fitness for the first time. Qualcomm’s vice president of wireless health, Don Jones, will discuss emerging market opportunities in mobile health and fitness technology. The U.S. Chief Technology Officer, Aneesh Chopra, also will deliver a lunchtime keynote speech on Tuesday, Oct. 25.