Friday, June 8, 2007St. Bernard Software Gets Credit LineSan Diego-based St. Bernard Software, a provider of security products for the small and midsize business market, said Thursday that it has received a $4M credit facility from SVB Silicon Valley Bank. The deal includes a $2M revolving line of credit and a $2M term loan. St. Bernard Software is a provider of Internet email filtering services and appliances, used by businesses to filter out spam and other unwanted messages. The line replaces and existing $1.2M credit facility and will be used for w (More info...)
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Interview with Bill Gross, IdealabBill Gross is CEO and Founder of Pasadena-based Idealab (www.idealab.com), the company that created Overture Services, CitySearch, Picasa, and a number of other high profile, successful high tech startups in Southern California. Bill is keynoting next week's GreenTech 2007 (www.greentech2007.com) conference on green technology next week in Pasadena, which will feature presentations from clean technology firms, panels of venture capitalists, and other speakers from the field. We thought it would (More info...)
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Broadcom Wins ITC Ban On Qualcomm ChipsThe United States International Trade Commission (ITC) has ordered that certain Qualcomm chips used in cellular phones infringe on Broadcom patents, and should be barred from importation into the U.S.. The ruling, which was announced Thursday afternoon, came as part of a patent dispute between Broadcom and Qualcomm over cellular baseband chips. The chips are incorporated into phones heavily used by many wireless carriers, including Verizon, Spring, and AT&T. According to the ruling, the order ba (More info...)
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XCOR Aerospace Gets Seed FundingMojave, California-based XCOR Aerospace, a firm developing suborbital vehicles, said Thursday that it has received an investment from the Boston Harbor Angels. Amount of the funding was not disclosed. XCOR said that the funds will support development of its new suborbital vehicle. The investment is the company's first angel investment. Individual angels investing in the firm include Esther Dyson, Stephen Fleming, Aneel Pandey, Joe Pistritto and Lee Valentine. XCOR is developing reusable rocket e (More info...)
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ViewSonic Names CFOWalnut, California-based ViewSonic, a manufacturer and marketer of monitors, LCD displays, and other display products, said Thursday afternoon that it has named a new Chief Financial Officer. Ted Sanders has joined the firm, replacing James Morlan, the firm's current CFO. Morlan is retiring and will remain through June to help assist with the transition. Sanders joins the firm from PC Mall, where he has served as CFO since 1997. Sanders has also served at BAX Global, Deloitte & Touche LLP, Scovi (More info...)
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Revver Shuffes ExecsLos Angeles-based Revver, the online video sharing web site, announced Thursday evening that it has appointed Kevin Wells as CEO, and that current CEO Steven Starr will become chairman of its board of directors. Wells has been Chief Operating Officer of the firm since last September. Revver said that Starr will continue to provide strategic direction and serve as spokesman for the firm. Revver is funded by Bessemer Venture Partners, Comcast Interactive Capital, Draper Fisher Jurvetson, Draper Ri (More info...)
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German Firm Takes Stake In Source ScientificIrvine-based Source Scientific LLC, a firm that provides design, development, and manufacturing of medical devices and laboratory instruments, said this week that German firm BIT Analytical Instruments has acquired a 50 percent equity investment in the firm. According to the company, BIT has acquired the 30 percent equity ownership held in the firm by Pressure BioSciences. Source Scientific provides outsources manufacturing of medical devices for major medical device and clinical instrumentatio (More info...)
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