Thursday, April 1, 2004Ricoh Buys Hitachi PrintingRicoh announced it has purchased Hitachi Printing Solutions Ltd. Terms were not disclosed. Hitachi's US unit, Hitachi Printing Solutions America(www.hitachi-printingsolutions.us), is based in Simi Valley. Hitachi PRS develops high-speed printers and low-end color laser printers.
posted on Thursday, April 1, 2004(Full story)
Gateway Leaves Poway, Moves to OCGateway is leaving San Diego county and moving to Orange County, as it digests its acquisition of eMachines and the majority of executives from the new company are from eMachines, which was based in Irvine.
posted on Thursday, April 1, 2004 (More)(Full story)
Soflinx Sneaks In FundsSan Diego-based Soflinx has received an investment in its wireless sensor network software from In-Q-Tel.
posted on Thursday, April 1, 2004 (More)(Full story)
5Square Systems Raises $12.3MWestlake Village-based 5Square Systems has raised $12.3M from Norwest Venture Partners and Storm Ventures. 5Square provides Internet-based systems for managing automobile sales, and is headed by former Access360 Chair and CEO Yuri Pickover.
posted on Thursday, April 1, 2004 (More)(Full story)
Salmedix Lands $45M CSan Diego-based Salmedix has raised $45M in Series C financing in a round led by HIG Ventures, with new investors including Orbimed Advisors, Easton Hunt Capital Partners, Hunt Ventures, Novo A/S, Quilvest Capital and Clariden Bank joining its existing investors. Salmedix is developing oncology drugs with an initial focus on hematologic cancers.
posted on Thursday, April 1, 2004 (More)(Full story)
California Ranks Two In Technology StudyThe latest release of Santa Monica-based the Milken Institute Index finds California now ranks number two in the states in the best position to take advantage of the knowledge-based economy, up from third from the 2002 Index.
Massachusetts continued to lead the index, with the biggest drop in Texas, which went from 14th to 23rd in the nation. Rhode Island had the biggest gain, moving from 21st in 2002 to 11th this year.
posted on Thursday, April 1, 2004(Full story)
Interview: Rohit Shukla, LartaRohit Shukla is the CEO of Larta (www.larta.org), which holding its 10th annual Venture Forum today in Beverly Hills. I thought it would be appropriate to get Rohit's perspective on the industry, as he's been following the technology industry in the area for years. BK: You've got a great perspective on the ebb and flow of capital into Los Angeles. What's your opinion on where we are today and the state of investment in this area? RS: The figures are in for the last quarter of 2003. We've ju (More info...)
posted on Thursday, April 1, 2004(Full story)