Wednesday, October 8, 2008Channel M Gets Bilingual DeploymentLos Angeles-based Channel M, a venture backed provider of in-store TV networks, announced Wednesday that PLS Check Cashers, a check cashing chain, will use the firm's programming and advertising. According to Channel M, PLS Check Cashers will offer both English and Spanish content at 50 PLS Check Cashers locations nationwide. Financial impact of the deal was not disclosed. Channel M is venture backed by Ascend Venture Group, Benedek Investment Group, Intel Capital and Vintage Fund Management, an (More info...)
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Broadcom Files Another Suit Against QualcommIrvine-based Broadcom has filed another lawsuit against San Diego-based Qualcomm, saying Wednesday that it has filed a complaint asserting that Qualcomm's sales and licensing practices amount to patent misuse. Broadcom is looking to have Qualcomm's patents and patent licenses as unenforceable. Broadcom said in a statement that Qualcomm's use of "exhausted" patents to control post-sale use of products in the wireless communications industry results in a double recovery of royalties for use of its (More info...)
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Goodreads Adds Status UpdatesSanta Monica-based Goodreads, a social networking site focused on book readers, said today that it has rolled out a new feature which allows users to provide status updates. Goodreads said that the feature, which is similar to features from Twitter and Facebook, allows members of the site to micro-blog thoughts about books as they are reading them. The new feature also allows user to synchronize the status with Facebook and Twitter. Goodreads is backed by angel investors, including True Ventures (More info...)
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AgileNano Gets Funding From TCASorrento Valley-based AgileNano, which is developing technology for minimizing military and sports injuries, has raised a Series A funding from the Tech Coast Angels, the TCA said today. According to the San Diego Tech Coast Angels, AgileNano has closed a Series A financing for its technology, which is used to minimize military injuries resulting from explosions, and to increase comfort and protection of sporting equipment such as shoes and helmets. Amount of the financing was not disclosed. Acc (More info...)
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Vue Technology Acquired by TycoLake Forest-based Vue Technology, a provider of radio frequency identification (RFID) technology, has been acquired by Tyco International Ltd., Tyco said Tuesday. Tyco said it will pay approximately $43M for Vue Technology, which develops RFID technology used for tracking inventory and the supply chain. Vue Technology will become part of Tyco's Sensormatic business. Vue has previously raised funding from Canaan Partners, MeadWestvaco, and Partech International. The firm was originally a spinout (More info...)
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Sigma Systems Acquired By inTESTEl Cajon-based Sigma Systems, a manufacturer of environmental testing chambers, has been acquired by New Jersey-based inTEST Corporation, inTEST said Tuesday. Financial terms of the acquisition were not disclosed. inTEST said that Sigma Systems will become part of the firm's Temperature Management product segment. Sigma Systems develops environmental chambers and thermal testing products which are used in the semiconductor, automotive, medical/pharmaceutical, electronics, and aerospace industry. (More info...)
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Interview with Cramster.comPasadena-based Cramster (www.cramster.com) recently announced $3M in a large angel round for the firm's online study communities. Cramster is looking to create online study groups, to help high school and college students study math, science, and other topics. We spoke with the two founders of the firm, Rob Angarita and Aaron Hawkey, about what the site is all about, and the interesting way in which they connected with their angel investor.
First off, tell us what Cramster is all about?
Aa (More info...)
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