Thursday, October 7, 2004
Language Weaver Raises $4M
Los Angeles-based Language Weaver announced yesterday that it has raised $4M in a Series B funding. The new round of funding was led by Palisades Ventures, and also included participation by Sulphur Creek Ventures and Athenaeum Fund. Paul D'Addario of Palisades Ventures has been added to the company's board. Language Weaver is developing statistical machine translation software, used for translating foreign languages into English. The company's CEO, Bryce Benjamin, said that this new round will (More info...)

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Ex Peregrine Systems Execs Indited
Eight former executives, a former auditor, and two outside business partners of San Diego-based Peregrine Systems were indicted yesterday by a federal grand jury of conspiracy to commit a multi-billion dollar securities fraud. In an announcement, the Department of Justice said that the indictment alleges that from 1997 to 2002, Peregrine's executives were in a conspiracy to show quarter to quarter growth to defraud investors. Named were former CEO Stephen Parker Gardner as well as a number of fo (More info...)

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Qualcomm Partners With NTT DoCoMo
San Diego-based Qualcomm said today that it will work with NTT DoCoMo to promote the global development of the WCDMA standard. Qualcomm and DoCoMo have been doing interoperability testing since June 2004, the companies said, and will complete a series of field tests by the end of this year. Qualcomm said that serveral handset manufacturers are working with the company to develop handsets based on the standard.

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CarsDirect Branches Into Home Loans
Los Angeles-based announced this morning a new web site,, where it will provide research into new home, refinance, and home equity loans. The company said the site will feature constantly updated loan rates and allow consumers to compare loans. The company recently launched, a home financing site, and has been expanding beyond the company's car purchasing origins. CarsDirect said that the interest rate site will feature rates from all 50 states (More info...)

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Qwest, DIRECTV In Marketing Alliance
El Segundo-based DIRECTV is in a marketing alliance with telecom giant Qwest Communications. The companies said today that Qwest will offer DIRECTV digital satellite television to residential customers in the western US, and will provide sales, services, and billing/account management for the service. The DIRECTV services will be offered under the Qwest brand and will be serviced directly by Qwest in an integrated offering. The companies expect the service to go live in 2005.

posted on Thursday, October 7, 2004(Full story)

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