It’s been a while since San Diego’s high-tech community saw this much deal news in one week—and most of it was good news, too. We gathered it all in one place for you here.
—Investor demand helped boost Carlsbad, CA-based MaxLinear’s shares (NYSE:[[ticker:MXL]]) by 33 percent on their first day of trading, with volume of nearly 6.9 million shares. MaxLinear, which makes wireless semiconductors for receiving and processing television and video signals over a broadband wireless connection, got about $50 million of the almost $90 million raised in the initial offering of 6.4 million shares, which was priced at $14 per share.
—Connect, the San Diego nonprofit group for technology and entrepreneurship, found that 319 startups were launched in 2009, about 13 percent more than the 282 startups of 2008. The data point was just one part of a report on San Diego’s innovation economy that Connect released for the fourth quarter of 2009.
—The Department of Energy turned down an application for $321 million in loans submitted by San Diego-based V-Vehicle, a venture-backed startup automaker that planned to build a factory in Northeastern Louisiana. The V-Vehicle Co. sought funding under the DOE’s Advanced Vehicle Technology Loan Program for what it called
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Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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