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UTC takeover looms for Clipper Windpower

By   /  Monday, October 11th, 2010  /  Technology, Top Stories  /  Comments Off on UTC takeover looms for Clipper Windpower

After rocky sales timing put Clipper Windpower in a cash crunch, its largest investor is in position to take control of the Carpinteria company just as its long-term prospects brighten. In December, multinational conglomerate United Technologies Corp. acquired a 49.5 percent stake in Clipper in a transaction that pumped $206  million in new capital into the Read More →

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Sale of Veeco’s Goleta unit closes

By   /  Friday, October 8th, 2010  /  Latest news, Technology  /  Comments Off on Sale of Veeco’s Goleta unit closes

The sale of Veeco Instruments’ metrology business, which includes its facility in Goleta, closed on Oct. 8, the company announced. Massachusetts-based Bruker Corp. now owns the metrology unit, which includes offices in Goleta and Tuscon, Ariz., and will combine it with its Bruker Nano division. The company paid $229.4 million in cash in the deal, Read More →

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Major shareholders file suit against Occam

By   /  Thursday, October 7th, 2010  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Major shareholders file suit against Occam

A group of shareholders who between them own about 19 percent of Occam Networks filed suit Oct. 6 against Occam’s board of directors to stop the proposed acquisition of the company by Calix. In a news release announcing the suit, the investors — who include legendary hedge fund manager Michael Steinhardt — claim the $171 Read More →

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A smarter brand: IQMS grows and profits in Paso Robles

By   /  Monday, August 9th, 2010  /  Technology  /  Comments Off on A smarter brand: IQMS grows and profits in Paso Robles

Think of Paso Robles, and golden hills, grazing cattle and some of California’s best wines come to mind. Add to that list a global software firm. Twenty-one years ago, Randy and Nancy Flamm mortgaged their house to found IQMS, a company headquartered in Paso Robles that delivers software in eight languages to more than 400 Read More →

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Planting seeds in San Luis Obispo: New venture fund looks for student entrepreneurs

By   /  Monday, June 7th, 2010  /  Technology  /  Comments Off on Planting seeds in San Luis Obispo: New venture fund looks for student entrepreneurs

A tech hub takes the right mix of a great university, eager entrepreneurs and money and mentoring. For a long time, San Luis Obispo County has had plenty of the first two and not enough of the latter. That could change with the establishment of SLO Seed Ventures, a fund built by San Luis Obispo Read More →

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Testing the breaking point

By   /  Monday, April 5th, 2010  /  Technology  /  Comments Off on Testing the breaking point

A young company spun out of technology from the University of California, Santa Barbara, has developed a machine that could for the first time measure the strength of bones in living patients. Founded in 2007, Active Life’s device creates a micro-crack about 100th of a millimeter wide in patients’ bones. Now in early trials in Read More →

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Firm sees China in its future

By   /  Monday, February 8th, 2010  /  Technology  /  Comments Off on Firm sees China in its future

Santa Barbara-based medical equipment maker TrueVision Systems plans to enter a joint venture with one of the biggest health care technology firms in China. TrueVision makes a 3-D heads-up display system that attaches to microscopes used in brain, spine and eye surgery, along with software that helps guide the surgeon’s cuts. Think “Avatar” meets neurosurgery. Read More →