Motorola Mobility Stays Put, RadiSys Acquires Continuous Computing, Watchwords From Qualcomm’s Town Hall Meeting, & More San Diego BizTech News
Much of San Diego’s tech news came out of the mobile industry last week, along with a dash of cleantech and a dollop of software. In other words, a feast for the hungry reader.
—The big deal of the week came when Hillsboro, OR-based RadiSys (NASDAQ: RSYS) announced an agreement to acquire privately held Continuous Computing, a San Diego company that provides wireless infrastructure equipment based on the Trillium set of software protocols. Radisys agreed to pay a total of $105 million when the deal for Continuous Computing closes, with an additional payment of either $15 million or payments based on the sales of certain Trillium products until 2014.
—Illinois Gov. Pat Quinn and Motorola Mobility Chairman and CEO Sanjay Jha announced Friday that the corporate headquarters for the Motorola spinout will remain in Libertyville, IL. Jha, who was previously Qualcomm’s chief operating officer, was considering a move to San Diego, Silicon Valley, or Austin, TX. Gov. Quinn said Illinois is providing a business investment package to Motorola to help keep approximately 3,000 jobs in the state.
—Power efficiency, security, integration, and simplicity were the watchwords that Qualcomm’s top executives used to explain their strategy during a town hall meeting at Qualcomm (NASDAQ: QCOM) headquarters last week. As the complexity of wireless networks multiplies, Qualcomm chairman and CEO Paul Jacobs said, “The key is really going to be making all these things simple [for the user].”
—A large-scale denial-of-service-attack distracted Sony system administrators in San Diego from network intruders who gained … Next Page »