Friday, July 14, 2006
Interview with Kevin Flynn, Founder, ( is a brand new, San Diego-based user generated video web site that has received a flurry of interest from the media in the last week for its service, what one publication called "a YouTube killer". I caught up with Kevin Flynn, founder of Eefoof, as he was getting on a plane to visit a venture capitalist in Seattle, to get the background on the site and to talk about the sudden it's attention it's gotten--only ten days after launch.

Ben Kuo: Briefly, for my readers (More info...)

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Xencor Gets $6M
Monrovia-based Xencor has received $6M in a bridge financing deal, the firm said this week. Xencor said that the funding came from Novo Nordisk and existing investors, including Zen Investments. Xencor also said that Novo Nordisk has committed to invest an additional $6M in future financings. Xencor is developing protein and antibody therapeutics. The funding brings the firm's total raised to over $90M.

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UC Santa Barbara To Lead Semiconductor Research Center
UC Santa Barbara is set to lead a new research center for advanced semiconductors, as a consortium of Universities was awarded over $7M in funding to look into improved CMOS speed and power technology. Semiconductor Research Corp. (SRC), a university-research consortium said this week that it has launched a new center to focus on developing and exploiting a new class of semiconductor materials, based on group III-V compound semiconductors. The research will be led by UC-Santa Barbara, and also i (More info...)

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Broadcom To Restate Financials on $750M Of Stock Options
Irvine-based Broadcom, one of the high tech firms under scrutiny by the SEC for the timing of options grants, said early this morning that it will restate its financial statements for the years 2000 through 2005, as well as for the first quarter of 2006. The firm, which had earlier reported that it was reviewing its options grant process, said that it had determined that for certain option grants awarded during the years 2000-2002, allocations to individual recipients or formal corporate approva (More info...)

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OCP Buys Optical Component Provider
Woodland Hills-based Optical Communications Products, a manufacturer of optical subsystems and modules, said this morning that it has acquired GigaComm, a Taiwanese supplier of passive optical network components, for $20M in cash. GigaComm develops fiber-to-the-home components, supplying components to the Japanese FTTH market. OCP said that the acquisition is part of its strategy to provide a more comprehensive product offering, and to extend the company globally. GigaComm is the leading provide (More info...)

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Language Weaver Adds Languages
Los Angeles-based Language Weaver, a provider of automated language translation software, said this week that it has added new European language modules targeted at its enterprise and government customers. The firm has added Dutch to English, English to Italian, English to German, English to Romanian, and French bidirectional to German translation pairs. The firm also said that its software has been upgraded to provide translation of documents and conversion to HTML while preserving the look and (More info...)

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Autobytel Names Founder As Executive
Irvine-based Autobytel is continuing its management shakeup, saying yesterday that it has appointed Mark Canon, founder of and former AOL Search VP of Strategy and Development, to the position of Chief Product Officer. Canon will focus on enhancing its products. Canon was most recently head of product strategy and development at AOL, including search, video, local, e-commerce, social networking, and other areas. Canon is the fourth executive to join Autobytel from AOL, and comes (More info...)

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MyShape Adds TCA Investor to Board
Pasadena-based MyShape, the online clothing store headed by Louise Wannier, focused on fitting women to clothing, has added Dave Berkus, former chairman of the Tech Coast Angels, to its board of directors. MyShape recently closed a round of funding from the Pasadena Angels, and according to sources is in the midst of closing a round with the Tech Coast Angels. MyShape is developing an online clothing retail store focused on matching women to clothing based on body style and shape, and is set to (More info...)

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Experclick Promotes VP
Carpinteria-based Experclick, an online ad-network, has promoted Scott Estes, its VP of Account Management, to the new position of Senior Vice President. Experclick said that Estes now leads the general operations of the firm. Estes has served at Valueclick and Search123. Experclick operates a per-impression ad network and online marketplace.

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