Wednesday, July 5, 2006Southern California Sees Healthy VC Investments for Q2Southern California saw a healthy $817M invested in the last quarter in 59 deals in Q2, a continued increase in both venture activity, according to socalTECH's latest numbers in our venture capital deal tracking database. The total investment compared to $759M in investment for the first quarter. Southern California saw a total of 59 deals announced in the last quarter, including 20 deals in April, 16 deals in May, and 23 deals in June. The biggest deals this quarter included a $150M investment (More info...)
posted on Wednesday, July 5, 2006(Full story)
Quest Software Announces RestatementAliso Viejo-based Quest Software is the latest company to announce a restatement related to the industrywide stock option grant investigation by the SEC. Quest said this morning that it expects to restate its annual and interim financial statements for the periods from 2000 through 2005 and for the quarter ended March 31, 2006, as a result of its review of its stock option grant practices. The company had earlier announced that it has formed a special committee to investigate its stock option gr (More info...)
posted on Wednesday, July 5, 2006(Full story)
MySpace Ties Into Seventeen MagazineLos Angeles-based MySpace has tied into Seventeen Magazine, a magazine that targets teenagers, saying today that the two will co-promote a contest to encourage social activism. Seventeen and MySpace said that they have launched a competition that invites visitors to create their own public service announcements (PSAs) and share them through Seventeen magazine's profile on the popular MySpace social networking site. Users can upload a 15 or 30 second video, which will be featured on MySpace, Seve (More info...)
posted on Wednesday, July 5, 2006(Full story)
Boost Ties Into Online IMIrvine-based Boost Mobile has tied into AOL, MSN, and Yahoo with its latest instant messaging features. Customers of Boost can now instant message from their cell phones directly to AOL, MSN, or Yahoo instant messaging services. Also, instant messages sent to those users will show up on the cell phone as a text message. The firm, which is a division of Sprint Nextel, provides a youth-oriented, pay-as-you-go cell phone service.
posted on Wednesday, July 5, 2006(Full story)