Daily Business Report — April 19, 2012
20 Women Who Rock (Impact) San Diego
SD METRO is soliciting nominations for our annual selection of 20 Women Who Rock, a group of outstanding professionals who have made a name for themselves in their careers and are making significant contributions to our community. Deadline is Tuesday, May 1. Send your nominations to rebecapage@sandiegometro.com. Tell us how your nominee impacts San Diego.
Qualcomm Reports Record Revenues and Earnings Per Share
Qualcomm Inc. reported record revenues and earnings per share for the second quarter of 2012, driven by strong demand for 3G and 4G devices.
“We are excited to see the continued growth of 3G and 4G smartphones, as well as new mobile computing devices,” said Paul Jacobs, chairman and CEO. “We are increasing our operating expenses to facilitate additional 28 nanometer supply and to continue to position our industry-leading chipset solutions for the opportunities ahead.” Second quarter results posted by Qualcomm:
• Revenues: $4.94 billion, up 28 percent year-over-year and 6 percent sequentially.
• Operating income: $1.51 billion, up 6 percent year-over-year and down 2 percent sequentially.
• Net income: $2.23 billion, up 123 percent year-over-year and 59 percent sequentially.
• Diluted earnings per share: $1.28, up 117 percent year-over-year and 58 percent sequentially.
• Effective tax rate: 17 percent for the quarter.
• Operating cash flow: $1.89 billion, up 7 percent year-over-year; 38 percent of revenues.
• Return of capital to stockholders: $366 million, or $0.215 per share, of cash dividends paid.
SANDAG Seeks Bids for Bike and Pedestrian Improvements
The San Diego Association of Governments (SANDAG) wants San Diego cities and county government to make bids for $8.8 million in grant money to pay for bicycle and pedestrian improvements throughout the region. Among the types of projects eligible for funding are new bicycle paths and boulevards, bicycle lane striping, new sidewalks and sidewalk improvements, high visibility crosswalks, roundabouts and traffic circles, road diets, and pedestrian and bicycle-related traffic control devices. Proposals are due in July. While the grants will be made only to the cities and the county, nonprofit and community-based organizations may partner with the agencies to make joint proposals. Funding for the program comes from the Transportation Development Act and the voter-approved TransNet half-cent sales tax program.
Green Chamber to Launch ‘100 Cities for Change’
The U.S. Green Chamber of Commerce in San Diego will launch a program called 100 Cities for Change on Earth Day April 22 to increase national awareness of economic and environmental sustainability. The organization’s aim is to push individuals, businesses and cities to pledge their support for socially responsible business. “100 Cities for Change is not just about saying you or your business is ‘green.’ We know that word has started to lose meaning for people over time,” said David Steel, CEO of the chamber. “This is about provoking and inspiring people to utilize sustainable business practices and revitalize the goal of a triple bottom line — people, planet and profit.” The organization also is launching a third party certification program to teach organizations best practices for sustainable business while helping to attract eco-conscious consumers. The program will be started in May.
Individuals can join the movement by “liking” the U.S. Green Chamber’s Facebook page and becoming a member on the U.S. Green Chamber Website. “Cities for Change” memberships are available for $99 which include over $2,000 of benefits including green certification, inclusion in the national business directory, a website proud member logo, a USGCC trust seal, access to a national mentor program through SCORE, media blast announcements, a press release template and more. For more information, visit usgreenchamber.com.
SCORE Small Business Workshops
• April 20 – Financing Your Business – 9 a.m. to noon at National University – Carlsbad (705 Palomar Airport Rd., Carlsbad 92011; pre-paid registration $29, $39 at the door).
• April 20 – Buying and Selling a Business – 9 a.m. to 3:30 p.m. at National University – Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $69, $79 at the door).
• April 24 – Internet Marketing 304 – Cost-Effective Internet Marketing Tools (LinkedIn) – 9 a.m. to noon at National University – Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $49, $59 at the door).
• April 25 – Internet Marketing 201 – Build Your Business through Search Engine Optimization – 9 a.m. to 3 p.m. at National University – Carlsbad (705 Palomar Airport Rd., Carlsbad 92011; pre-paid registration $69, $79 at the door).
• April 26 – Leasing Strategies – 9 a.m. to noon at SCORE Entrepreneur Center (550 West C St., #550, San Diego 92101; pre-paid registration $49, $59 at the door).
ARTS BEAT
SDSU Student Film Festival Focuses on Autism Awareness
Three short films on autism that were created by San Diego State film students will be featured at the “Hearts Like Ours” Film Festival on Monday, April 23, at 7 p.m. in the Don Powell Theater. The screening is sponsored by the SDSU School of Theatre, Television and Film, the Autism Society of San Diego, Tender Loving Canines and Sierra Academy. The festival is in celebration of Autism Awareness Month. All proceeds will go to Autism Society summer camps and to Sierra Academy film and music programs for students with autism. All three of the films are thesis films from emerging filmmakers who are recent graduates of the Master of Arts Television, Film, and New Media Production program at SDSU.
The films:
• “El Abuelo” is directed by Stephen Crutchfield and written by Stephen Metcalfe (studio writer for “Pretty Woman” and “Mr. Holland’s Opus”), and produced by Patrick Scott. Metcalfe wrote the “El Abuelo” from a personal perspective, as his teenage son is autistic. The short film features Nick, an autistic boy who does not speak; befriended by an elderly migrant worker, the boy finds his voice.
• Anthony Pang’s “Autistically Speaking, no. 1” is designed to engage and entertain an audience with autism. Drawing from scientific research on autism and firsthand observations from educators and caretakers, the film explores how an individual with autism interacts with the physical world. Pang’s goal is to eventually develop a model of entertainment specifically for the autistic mind.
• “Strong Souls, Gentle Spirits,” directed by Iris Caffin, was recently awarded an Academy of Television Arts and Sciences College Television Award. It tells the story of 8-year-old Jolena and the road taken by her family to diagnosis autism and to have a service dog placed with the family. The result is an enlightening story of overcoming obstacles and the human-animal bond that develops.
Tickets can be obtained at the door with a recommended $10 ($5 student) donation by cash or check. Donations can also be made in advance online by credit card at sd-autism.org.
The Daily Business Report is produced by SD METRO. Contact: Manny Cruz (619) 287-1865. manny@sandiegometro.com.
