January 11, 2001

Qualcomm Inc.’s board has appointed Richard Sulpizio, president and COO of Qualcomm, as a director and has nominated him as a candidate for re-election at the company’s annual meeting of stockholders on Feb. 27.

Sulpizio fills the vacancy created by the resignation of Andrew Viterbi, former vice chairman and chief technical officer of Qualcomm, who recently resigned from his board position following his retirement from the company in March.

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The California Coastal Commission has unanimously approved a Coastal Permit Application to demolish 2 million square feet of existing buildings at the Naval Training Center.

In partnership with The Corky McMillin Cos., the city of San Diego requested to demolish certain buildings located outside of the designated NTC Historic District, and remove underground utilities within the 361 acre portion of the Naval Training Center.

About 1.5 million square feet of structures will remain, and will ultimately be rehabilitated and reused as part of the city-approved redevelopment program.

The commission took the action during its Jan. 9 meeting.

“This is a great step forward for the project," says Walter Heiberg, senior v.p. and project manager for McMillin. "The region's plans for NTC are about to be realized as we begin creating this new community on the waterfront. As one of the largest redevelopment projects in the city of San Diego, we’ve been working hard to keep NTC on track."

The project is intended to prepare the former naval training facility site for future redevelopment with a variety of residential, office, hotel and open space uses. The redevelopment of the site will be reviewed under a future Local Coastal Program Amendment from the city.

Salvage of personal property and building components has been underway for several months at NTC, and will continue through 2001. Demolition work is likely to begin in the next several weeks.

McMillin NTC LLC has entered into a contract with Harper/Nielsen Dillingham Builders to manage the demolition.

The demolition program will include several steps:

• A Hazardous Materials Report has been completed for all of the buildings designated for demolition or renovation, and an abatement program is in place.
• A deconstruction program is underway to donate and/or recycle all excess property and materials.
• Salvageable materials — doors, plumbing, asphalt, concrete, wood and metals — will be recycled onsite or sold off to minimize materials going to the landfill.
• Recyclable construction materials will be sorted and stockpiled for appropriate recycling methods — mulching, crushing, scrap yards, re-use into project.

"As always, safety, code compliance and security will be of primary importance to us during the entire operation," says Heiberg. "After seven years of community planning for NTC, we are looking forward to implementing the NTC Precise Plan, and creating something unique and special at NTC."

The city-approved NTC Precise Plan calls for the development of hotels, offices and a traditional residential neighborhood that will blend in with the existing community. This area will be located next to educational, service, retail and visitor-oriented uses, and within easy walking distance of the civic, arts and cultural center, as well as parks, museums and recreational facilities that line the waterfront.

The anticipated redevelopment program includes:

• 350 new single family and multi family homes, 495,000 square feet of educational space, 380,000 square feet of new office/R&D facilities, two hotel sites equal to 1,000 rooms and a mixed use precinct.
• The mixed use area includes a 300,000 square feet of civic, arts and cultural center, a 324,000 square foot commercial area including office and retail space, restaurants, museums, recreational facilities and a 22 acre golf course.
• Parks and open space are also included, with 46 acres of parkland and 54 acres of open water area (boat channel).

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Peregrine Semiconductor Corp. has raised $37.5 million in its Series G Preferred financing.

The round, led by Morgenthaler Ventures, included investments from CDIB Ventures, Global Alliance Venture Capital, and Intel Capital.

Prior investors Patricof & Co., Wasserstein Adelson Ventures, Roser Ventures and CSK Venture Capital also participated in this round.

"This investment marks a major milestone in the development of Peregrine Semiconductor," says Stav Prodromou, president and CEO. "We have earmarked a significant portion of the funds raised in this round to the development of our innovative wireless and photonics devices and modules.

"CDIB Ventures and Global Alliance Venture Capital provide insight into the Pacific Rim markets,” he says. “On the technical side, Intel Capital invests in companies with innovative solutions in both the wireless and photonics marketplaces. We are pleased to have them join in with our other investors."

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Lamkin Grips announced plans to open a new golf grip manufacturing and assembly plant in the city of Guangzhou in southeast mainland China later this year, a move designed to help the company meet growing product demand while making its operations more cost efficient.

The plant will be located in the Guangzhou Economic, Technological & Trade Zone Development District (also known as the GET Zone), a major industrial zone controlled and regulated by the Chinese government.

The 70,000-square-foot plant is expected to begin operations by July and will produce Lamkin’s full product lineup of 64 grip models.

The factory will employ 250 people, with sports equipment veteran and Taiwanese national Ping Wang serving as general manager.

The world’s oldest golf grip company, Lamkin is headquartered in south San Diego County and operates a manufacturing and assembly plant in Tijuana.

“A growing number of golf clubs are being assembled in mainland China, so it makes good business sense for us to have a manufacturing presence there,” says Lamkin President Bob Lamkin. “And the fluctuation of world economies and currencies can make it more cost efficient for our customers to buy our products out of China compared to Mexico.”

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The best of the best were honored yesterday during the San Diego Building Owners and Managers Association’s luncheon, as the 16th Annual Office Building of the Year Awards (TOBY) were presented.

Recipients of the esteemed 2000-2001 awards are:

• The Chamber Building in the 100,000 to 249,999 square feet category, managed by Glenn Welch of Ace Property Management
• 101 West Broadway in the 250,000 to 499,000 square feet category, managed by Katherine Matousek of Sentre Partners Inc.
• One America Plaza in the 500,000 to 1 million square feet category, managed by Marie A. Giere of Shimizu Development Inc.
• Scripps Health Carmel Valley Medical Office Hospital in the Medical Office Building category, managed by Barbara Lornetz of Scripps Memorial Hospital.

All facets of a building’s operations are thoroughly evaluated during the judging process by a panel comprised of industry professionals including architects and commercial building managers.

The criteria under evaluation for the TOBY Award included tenant relations programs, community involvement, emergency evacuation procedures and continuing education for building personnel.

“Office management and tenant relationships are synonymous,” says David Sikute, chairman of BOMA San Diego’s TOBY Awards committee. “And with the continuing surge of businesses making their homes in San Diego, commercial buildings that can provide advanced technological benefits, as well as maintaining exceptional tenant relationships are setting the trend in the industry.”

The recipients of the local TOBY Awards will advance to the regional level of the competition. Regional winners then advance to the international level, the final stage of the competition. Winners will be recognized at BOMA International’s Annual Convention in Baltimore, Md., June 17-19.

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Neil Rappaport has been appointed venture partner at Windward Ventures of San Diego.

“We are excited to add Neil to our team,” says Jim Cole, a co-founder and managing partner of Windward Ventures. “His extensive experience and contacts in the communications and semiconductor industries bring great value to our partnership.”

Rappaport joined Vitesse Semiconductor as v.p. of sales in August 1987, a position he held until January. He remains an active consultant to the company.

Previously, Rappaport was national sales manager with Applied Micro Circuits Corp. He began his career as a design engineer at Hughes Aircraft Co. and has a B.S. degree from Fairleigh Dickinson University and a A.S. degree in electronics technology from the RCA Institute.

Windward provides classic venture capital for early stage technology-based companies, primarily in Southern California.

It has backed such Southern California companies as Accelerated Networks of Moorpark, Sitematic Corp. of San Diego, acquired by NetObjects Inc., E2O Communications and Troika Networks Inc. of Thousand Oaks, and Zonu Inc. of Tarzana.

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