Wednesday, August 23, 2006Sony Buys Grouper For $65MCulver City-based Sony Pictures Entertainment has acquired Sausalito, California-based Grouper, a user-generated video site. Sony said very early this morning that it will pay $65M for Grouper. Grouper will retain its current management, and work closely with a team at Sony Pictures. The deal is the first major acquisition of a user-generated video site. Sony said that the acquisition is part of a strategic initiative of making entertainment accessible to consumers wherever, whenever, and howeve (More info...)
posted on Wednesday, August 23, 2006(Full story)
DIRECTV Broadcasts To CarsIn another reason to watch out for that driver next to you, El Segundo-based DIRECTV said today that it will begin broadcasting local television stations to car video screens. DIRECTV said that it will start delivering live local news, weather, traffic, sports, and other local entertainment programming to cars, through a deal with KVH Industries. Customers who purchased KVH's TracVision mobile satellite TV systems will be able to view local broadcast channels within certain market areas as a par (More info...)
posted on Wednesday, August 23, 2006(Full story)
Former eMachines Owner Bids For Gateway RetailLap Shun Hui, the former owner of eMachines and current owner of Joui International, said late Tuesday night that it is proposing to acquire Gateway's retail operations for $450M. In a letter to Gateway's board which was released last night, Hui said that he was disappointed that Gateway has chosen not to "constructively engage" with Hui and his advisors. Hui said that he has a fundamentally different view of the current PC environment and what it takes for a company to be successful. Hui is loo (More info...)
posted on Wednesday, August 23, 2006(Full story)
Greenspan Launches Chinese Investment FirmBrad Greenspan, former founder, CEO, and Chairman of eUniverse (which became Intermix Media), has launched a new firm to invest in Chinese technology companies. Greenspan said today that he has launched and provided initial funding for BroadWebAsia, a new company that will invest in and partner with social networking, entertainment, and Internet search companies in Asia. Greenspan said that the company will allow him to implement his Internet strategy in China, and that BroadWebAsia has invested (More info...)
posted on Wednesday, August 23, 2006(Full story)
Luxtera Ships All-CMOS Optical TransceiverCarlsbad-based Luxtera is shipping a single-chip, integrated CMOS photonics transceiver, the firm said yesterday, in what the company claims is the first single-chip, dual XFP transceiver device that uses standard CMOS. Luxtera's new chip combines both optics and mainstream electronics on a single CMOS die, which should reduce the size, power consumption, and cost of optical transceivers. Luxtera said that the new chip is fabricated on standard high volume 0.13 micron SOI CMOS, and that it is sa (More info...)
posted on Wednesday, August 23, 2006(Full story)
SOA Enters Asia With ITOCHUSOA Software, a Los Angeles-based firm develop service oriented architecture (SOA) and web services software, said yesterday that it is entering into the Asian market through a new partnership with ITOCHU Technology. SOA said that ITOCHU will market SOA Software's suite of software products in Japan and throughout Asia. SOA is looking to grow into a global provider of software products for enterprise Web services. SOA and web services are used by enterprises to connect enterprise systems and sof (More info...)
posted on Wednesday, August 23, 2006(Full story)