Friday, September 14, 2007X Prize Foundation Targets The MoonThe X Prize Foundation, the Santa Monica-based foundation behind the Ansari X Prize, said Thursday that it has launched a new prize which targets putting people on the moon. The foundation said that it will offer a $30M prize to a privately funded team which lands a robotic rover on the Moon, and which sends back video, images, and data back to Earth. The new prize is being funded by Google. The Google Lunar X PRIZE is broken up into a $20M grand prize, and includes a $5M second prize and $5M in (More info...)
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Guidance Software Gets Win At Lowe'sPasadena-based Guidance Software, a provider of computer forensics software, said Thursday that it has been selected by home improvement retailer Lowe's Companies for an electronic discovery application. Financial terms of the deal were not disclosed, however Guidance said that it will provide its Encase eDiscovery Suite for Lowe's to conduct electronic discovery across its U.S. network. Guidance Software's products are used for electronic discovery and law enforcement.
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United Online Hires CFO From ValueClickWoodland Hills-based United Online, the Internet Service Provider that operates the NetZero and Juno Internet access services, said Thursday afternoon that it has appointed Scott H. Ray as Executive Vice President and Chief Financial officer. Ray joins United Online from ValueClick, where he served as its CFO. Ray has also served at OpenTV, Silicon Valley Bancshares, Bay View Capital, Coopers & Lybrand, and Price Waterhouse. Separately, but in a related move, Westlake Village-based ValueClick an (More info...)
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CytRx Names New CFOLos Angeles-based CytRx, a biopharmaceuticals firm which is developing small molecule drugs for the treatment of ALS, said earlier this week that it has appointed Mitchell K. Fogelman as the firm's CFO. Fogelman replaces Matthew Natalizio, who has left the firm. Fogelman was most recently at International Aluminum Corporation, and also has been at PricewaterhouseCoopers LLP. ALS (Amyotrophic lateral sclerosis) is often referred to as Lou Gehrig's disease. CytRx says that it is planning to enter (More info...)
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Leap Wireless Shuffles BoardSan Diego-based Leap Wireless, a provider of wireless communications services, said Wednesday that James D. Dondero, of investment firm Highland Capital Management, has resigned. Dondero said that the move is something he had been considering in light of his other responsibilities and developments with Leap Wireless. Leap Wireless is in the midst of evaluating an offer from MetroPCS for an acquisition. Dondero's departure follows the recent resignation of Amin Khalifa, the firm's CFO, who left l (More info...)
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North American Scientific Sells Oncology BusinessChatsworth-based North American Scientific, a provider of radiation therapy products and cancer treatment centers, said earlier this week that it has entered into a definitive agreement to sell its NOMOS Radiation Oncology business. The deal is worth approximately $3.6M. North American Scientific is selling the unit to Best Medical International. According to North American Scientific the deal consists of $500,000 cash plus assumption of approximately $3.1M of liabilities. North American Scienti (More info...)
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Acacia Technologies Appoints VPNewport Beach-based Acacia Technologies said earlier this week that it has named a new Vice President of Engineering. Acacia, which licenses technology and patents to other companies, said that Marcel Mahdavi has been named to the position. Mahdavi was previously at mComm Solutions, a provider of mobile wireless products and consulting; he has also served at Sprint Nextel, LLC International, Cingular Wireless, and AT&T.
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