Friday, January 26, 2007
CLEARSTONE VENTURES: Venture Capital for Technology Innovators
Clearstone Venture Partners ( )
Venture Capital for Technology Innovators.

Interview with Joel Downs, Founder, Answerbag
Joel Downs is Founder and General Manager of Answerbag (, an online service that allows anyone to post and answer questions on any topic. The site competes with Yahoo's popular Yahoo Answers service, and is now owned by Demand Media. We spoke with Joel to figure out where Answerbag sits in the market, and the story behind how he started the site. socalTECH's Ben Kuo interviewed Joel:
Describe your service for our readers, who may not be familiar with your site?

Joel Downs: (More info...)

posted on Friday, January 26, 2007(Full story)

Caltech, UCLA Researchers Create World's Densest Memory Cell
Caltech and UCLA researchers said this week that they have created the densest memory circuit ever fabricated. The Universities reported the achievement in the January 25th issue of the journal Nature, saying that the circuit--about the size of a white blood cell--has 160 kilobits of capacity--equivalent to the density of memory that a semiconductor firm like Intel would contemplate making in the year 2020. The memory chip has bit density of 100 gigabit per square centimeter, which is about 100 (More info...)

posted on Friday, January 26, 2007(Full story)

Inogen Raises $30.2M
Inogen, a Santa Barbara-firm developing a medical device targeted at Chronic Obstructive Pulmonary Disease, has quitely raised $30.2M in funding, according to the quarterly PricewaterhouseCoopers/NVCA venture capital report. According to Inogen's web site, the firm's investors include Versant Ventures, Accuitive Medical Ventures, Avalon Ventures, Arboretum Ventures, and Novo A/S.

posted on Friday, January 26, 2007 (More)(Full story)

Fulcrum Microsystems Finds $17M
Calabasas-based Fulcrum Microsystems, which is developing clockless interconnect silicon for connecting system backplanes, raised $17M in the quarter, according to the quarterly PricewaterhouseCoopers/NVCA venture capital numbers released this week. Fulcrum is backed by Granite Ventures, Infinity Capital, NEA, Palomar Ventures, and Worldview Technology. Backers in this round were not disclosed.

posted on Friday, January 26, 2007 (More)(Full story)

MRV Looks to Take Luminent Public, Buys Fiberxon
Chatsworth-based MRV Communications said this morning that it is looking to take its subsidiary, Luminent, public. The firm said it has not yet engaged an underwriter for the IPO. Separately, MRV said today that it has agreed to acquire Santa Clara-based Fiberxon, in a deal worth approximately $131M in cash and stock. MRV said it will combine Fiberxon with Luminent, which is a supplier of transceivers for metropolitan and fiber-to-the-premise telecommunications. Fiberxon employs over 700 in Sant (More info...)

posted on Friday, January 26, 2007(Full story)

Fandango Appoints CFO
Los Angeles-based Fandango, the online movie ticketing service, has appointed a new CFO. Fandango has appointed Daniel V. Murray as Chief Financial Officer, where he will oversee financial management of the firm and also be involved with strategic operations and other aspects of the business. Murray was most recently CFO and SVP of Global Operations for Academy123, and has also served as Yahoo! and Overture.

posted on Friday, January 26, 2007 (More)(Full story)

Inphi Looks For Employees
Westlake Village-based Inphi, which develops high speed ICs for the telecommunications and data communications industry, announced this week that it is looking to hire nearly 60 engineering, marketing, sales, and administrative positions at its offices here in 2007, in a major expansion. The firm said that the move is due to strong growth and increasing demand for its high-performance components. Inphi is one of many local high tech firms that have been aggressively hiring in the area.

posted on Friday, January 26, 2007(Full story)

MRV Updates Console Server
Chatsworth-based MRV Communications has upgraded the firm's out of band management console servers, the firm said this week. MRV has upgraded the operating system software for its LX Series console servers, and added improved cluster management, user configuration, security, and added automated power control features. MRV provides network equipment and optical components for the networking market.

posted on Friday, January 26, 2007(Full story)

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Association of Strategic Planners Annual Conference - Feb 27/28
Association of Strategic Planners Annual Conference
February 27th and 28th in Long Beach, CA

ASP's annual conference is the nation's premier forum for professional
discussion and exchange of information and experiences among strategic
planning practitioners. Our conference brings together thought leaders
and practitioners dedicated to advancing all aspects of strategic thinking, planning and action. The focus of this year's conference, "Strategic Planning: Lessons from Practice", is on applied strategic planning - experiences and lessons in implementing strategic plans.

Register before February 23rd for the Advanced Registration discount.

Los Angeles County Technology Week
Innovate. Grow. Succeed. January 22-26.
2007 Los Angeles Technology Week
Technology Made Here

Take a look at these exciting events for Tech Week 2007:

Kick Off Lunch Keynote: Bruce Chizen, CEO Adobe
Media and Technology
Fast Pitch Competition
International Spotlight
Sustainable Technology
New Technologies for Multi-Media and the Internet
Igniting Your Venture: Marketing Made Easy
and much more!

For more details on tickets and events go to

2007 Technology Industry Awards - Call for Nominations - EXTENDED
Is your technology firm worthy of an award?

The Technology Council of Southern California is seeking candidates for
the 13th annual Industry Awards. The awards are presented to individuals and companies that have made extraordinary contributions to the growth of Southern California as a center for technological innovation.

Nominations must be received by February 9, 2007. Nominees do not need to be a member of the Council, but must be headquartered in Southern California. Full details of the nomination process and award criteria can be found on the Council Web site,

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