Wednesday, July 13, 2005Capstone Turbine Appoints CFOChatsworth-based Capstone Turbine has appointed a new Executive Vice President and CFO. The manufacturer of microturbine energy systems said that Walter "Chuck" McBride was appointed CFO and replaced Karen Clark, who resigned to pursue other interests. McBride was most recently EVP and CFO of First Consulting Group, and has also served at Emulex, Kistler Aerospace, Unplugged Communications and CalComp.
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BakBone Encrypts Backup DataSan Diego-based backup software provider BakBone software has introduced new encryption capabilities to its software. The company said that its NetVault Encryption Application Plug-in Module enables encryption of backup data at database, file server, or desktops. The encryption solutions supports the CAST 128 encryption algorithm. The move comes as companies are increasingly looking to encrypt the backup data for protection against lost or stolen tapes, and as reports of the Bank of America los (More info...)
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DoubleClick Stockholders Approve AcquisitionNew York-based Internet advertising firm DoubleClick reported this morning that its shareholders have approved the merger agreement that allows private equity firms Heller & Friedman LLC and San Diego-based JMI Equity to acquire the company. DoubleClick provides technology and data to advertising agencies and web publishers. The $1.1B buyout of DoubleClick takes the firm private and off of the NASDAQ. Private equity firms have increasingly buying technology firms in hopes of increasing their (More info...)
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Intel Invests In Broadband Entertainment FirmRevelations Entertainment and Intel have invested in a new Los Angeles-based firm, ClickStar, focused on online, broadband distribution of first run films. Revelations Entertainment, the production company headed by Morgan Freeman, said that the new company will focus on distributing premium movies directly to consumers over the Internet. Clickstar will provide download of first-run, pre-DVD-release films. Morgan Freeman, known for his roles in The Shawshank Redemption and Driving Miss Daisy, sa (More info...)
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XM, AOL Create Joint VentureXM Satellite Radio, America Online, and Staples Center owner AEG said yesterday that the three companies are creating a Los Angeles-based joint venture to focus on multi-platform digital entertainment. The new company, Network Live, will focus on delivering live entertainment programming through the Internet, satellite, and other media such as wireless and HDTV broadcasts. The firms said that the joint venture will produce live programming focused on music and comedy performances for AOL's web (More info...)
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Group Claims Blu-ray Better Than HD-DVDThe Blu-ray Disc Association is claiming this morning that consumers prefer the next generation DVD format over the competing HD-DVD format, after commissioning a poll of consumers. The group claims that consumers were given a side-by-side comparison of the two formats, with 58% of 1200 consumers preferring Blu-ray over HD-DVD. The group claimed that consumers preferred Blue-ray because of the ability to play the discs in more consumer electronic devices, personal computers and gaming consoles, (More info...)
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