Monday, August 18, 2008
VentureNet Call For Presenters
If you are an technology executive looking for investors, now is the time to submit an application to make a capital presentation at VentureNet 2008.

Why Present at VentureNet?

There are millions of reasons to present at VentureNet - over 100 million, in fact. Presenting companies from the past twelve VentureNet conferences have gone on to raise over $100 million in venture funding.

VentureNet is for technology executives who are serious about meeting investors and strategic partners. We bring together partners and principles from active, interested Southern California and Northern California venture capital firms, angel investors and investment bankers. The conference also attracts senior executives from the most influential professional services firms in Southern California. In short, the event is a gathering of the "who's who" from the region's technology industry.

Deadline is August 18th to apply. Apply now!

MRV Gets NASDAQ Warning
Chatsworth-based MRV Communications, a manufacturer of networking equipment and optical components, said Monday that it has received a warning letter from the NASDAQ. The firm said the NASDAQ Staff Determination letter indicates that the firm is not currently in compliance with NASDAQ listings requirements. The warning is a result of the delay in filing 10-Q reports for the firm's quarter ended June 30th, and is the first step in delisting procedures for the NASDAQ. MRV said in July that it woul (More info...)

posted on Monday, August 18, 2008(Full story)

True Games Interactive Acquired By Indian Firm
Orange County-based True Games Interactive, a developer of massively multiplayer online games, has been acquired by a media and entertainment firm from India, UTV Software Communications. UTV said it is acquiring 80 percent of True Games, through its IG Interactive Entertainment subsidiary. True Games was founded in January of 2008, and is focused on multi-player, online games. The firm was co-founded by Jeff Lujan and Bob Drobish, both formerly of K2 Network.

posted on Monday, August 18, 2008(Full story)

CinemaNow Taps Widevine For DRM
Marina Del Rey-based video on demand firm CinemaNow has scored an agreement with WideVine Technologies, a provider of DRM software, for its effort to move its products onto consumer electronic devices. The deal was announced by Seattle-based WideVine this morning. No financial details of the deal were announced, however WideVine said that CinemaNow's content will be available on major consumer electronic devices and PCs, using its DRM technology. CinemaNow has been working on expanding the distr (More info...)

posted on Monday, August 18, 2008(Full story) Cuts Staff, Blames Economy
Los Angeles-based, an operator of online marketing and Internet domain name monetization services, quietly cut 10 percent of the firm's staff Friday. A spokesperson for the firm confirmed the layoffs this morning with socalTECH, saying that the cuts were in response to the general economic weakness and pressures in the industry. The cuts were made across all of the firm's three offices, including Los Angeles, Portland, and Florida.

posted on Monday, August 18, 2008(Full story)

Teledyne Completes Filtronic Acquisition
Thousand Oaks-based Teledyne Technologies said Friday that the firm has completed its acquisition of the defense electronics business of Filtronic PLC. The deal was worth approximately $24.3M, and was originally announced at the beginning of August. Filtronic's Defense Electronics business is based in Shipley, United Kingdom, and manufactures microwave subassemblies and integrated subsystems to the defense industry. According to Teledyne, the Defense Electronics business had sales of 14.5 mil (More info...)

posted on Monday, August 18, 2008(Full story)

LumenVox Deploys At GM
San Diego-based LUmenVox, a provider of speech recognition software, announced this morning that it has successfully implemented the firm's speech recongition software in a General Motors product. According to LumenVox, its product has been implemented as part of a speech-enabled, in-car voice dialing systems for GM's ChevyStar product, in Venezuela, Columbia, and Ecuador. GM's ChevyStar is a in-panel car security system and hands-free dialing device. Financial impact of the design win was not d (More info...)

posted on Monday, August 18, 2008(Full story)

ARTISTdirect Launches Lyrics Site
Santa Monica-based ARTISTdirect, Inc., a provider of music and entertainment news, said today that it has inked two licensing deals on music lyrics. According to ARTISTdirect, it will provide lyrics to popular songs from EMI Music Publishing and Universal Music Publishing Group, which will allow the firm to add a new lyrics section to its site. Financial details of the licenses were not disclosed. The deal with EMI gives ARTISTdirect access to more than one million lyrics for EMI songs; extent o (More info...)

posted on Monday, August 18, 2008(Full story)

Leads360 Partners With Software Firm
Los Angeles-based Lead360, a provider of lead management software, announced today that it has partnered with a provider of debt settlement software, Prime Debt Soft. According to Leads360, the move is part of its expansion into the debt settlement and consolidation industry as the mortgage industry has seen a decline. Leads360 said that it has integrated with Prime Debt Soft, whose products are used for debt settlement and credit counseling companies; the firm said it is now serving more than 3 (More info...)

posted on Monday, August 18, 2008(Full story)

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