Wednesday, January 18, 2006Advanced Photonix To Close California FacilitiesCamarillo-based Advanced Photonix, a manufacturer of opto-electronic components, said yesterday that it will close its California semiconductor micro-fabrications operations and consolidate the operations in its Ann Arbor facility. The firm said that as a result of the move, the company's corporate offices will also be moved to Michigan, although it said it will continue to perform packaging and assembly here. Advanced Photonix said that the move will be complete within the next 12 to 14 months, (More info...)
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Tanner Research ExpandsMonrovia-based Tanner Research, a developer of electronic design automation software for the semiconductor industry, said that it has moved to a larger headquarters in an expansion of the firm. Tanner said that it has moved from Pasadena to Monrovia to more than 21,000 square feet, to accomodate growth in sales and staff. The firm will retain its R&D facility in Pasadena for manufacturing micromachines. Tanner develops electronic design automation (EDA) software, tools, and services, and cu (More info...)
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iQstor Ships SATA PlatformNewbury Park-based iQstor Networks has launched a new, storage area networking storage platform based on Serial ATA II storage. The firm yesterday said that it has introduced a new, 4Gb Fibre Channel to Serial ATA II platform that includes enterprise-level data services. iQstor's new iQ2280 storage platform supports up to 7.5TB of SATA II storage in a 3U rack mountable form factor, and optionally includes storage virtualization, snapshot, mirroring, remote replication, storage provisioning featu (More info...)
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Napster Hits 500,000 SubscribersLos Angeles-based Napster, the digital music download service, today is reporting that it has hit over half a million subscribers to its premium paid subscription services. The company also reports that it has over 50,000 college students subscribed to its online music download services. Napster was formerly Roxio, which purchased the Napster brand name in December of 2004.
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LeadPoint Adds Ingraham to BoardLos Angeles-based LeadPoint said today that it has named Scott Ingraham, co-founder of Rent.com, to its board of directors. Leadpoint is developing a lead marketplace for buying and selling of mortgage and other leads. Ingraman is currently General Manager of Rent.com, and was co-founder and CEO of the firm before its acquisition by eBay last February. LeadPoint is backed by Breakwater Ventures, Estalea, Redpoint, and others.
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Fallbrook Technologies Receives $9.3MSan Diego-based Fallbrook Technologies, a company that it developing transmission technology for the automotive and other industries, said today that it has raised $9.3M in a first close, Series C funding. The firm said that the funding is the first close of an $11M Series C preferred round which the firm expects to complete in February. Investors were not disclosed. Fallbrook reported that the pre-money valuation of the firm in this round was $120M. The company will use the funding to continue (More info...)
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