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
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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.