Friday, October 17, 2008Qualcomm To Get $2.3B From Nokia Over PatentsSan Diego-based Qualcomm is set to receive $2.3B (1.7 Euros) in a patent licensing deal with Nokia, Nokia disclosed quietly in its third quarter results this week. The firms, which had been battling over patent infringement lawsuits, reached an agreement in July to give Nokia a license to use Qualcomm's patents, but had not disclosed financial terms of the deal.
posted on Friday, October 17, 2008(Full story)
Total Immersion Teams With InterpublicTotal Immersion, a French firm providing technology which interacts with a live video feed to provide "augmented reality," said earlier this week that it has opened up a new lab in Los Angeles. The firm--which very recently opened up a U.S. headquarters, where the firm's CEO is based--said the Interpublic Emerging Media Lab will support development and deployment of the firm's augmented reality solutions for Interpublic agencies and their clients. Total Immersion's products insert graphics, anim (More info...)
posted on Friday, October 17, 2008(Full story)
X Prize Foundation Targets Tuberculosis, Gets Gates GrantThe X Prize Foundation announced Thursday that it has received a grant from the Bill & Melinda Gates Foundation to develop a prize focused on the effective diagnosis of tuberculosis in the developing world. Amount of the grant was not disclosed. The foundation said the new prize would go to promote ways to promote better management of tuberculosis, which the group said is the world's second most lethal infectious disease. The new award is the second launched by the nonprofit this week; earlier t (More info...)
posted on Friday, October 17, 2008(Full story)
Cytori Gets $15M LoanSan Diego-based Cytori Therapeutics disclosed earlier this week that it has scored a $15M loan facility from GE Healthcare Financial Services and Silicon Valley Bank. The firm, which develops products for the regenerative medicine market, said that the loan facility is made up for a term loan of $7.5M, plus the option to exercise an additional $7.5M term loan before December 12th. The firm said the funding will go towards commercialization of Cytori's Celution and StemSource products, along with (More info...)
posted on Friday, October 17, 2008(Full story)
Cornerstone OnDemand Adds Social Networking FeaturesSanta Monica-based Cornertone OnDemand, a provider of software-as-a-service tools for human resources management, said this week that it has added new social networking features to the firm's product. According to Cornerstone, it has introduced a new product called Cornerstone Connect, which will provide workforce collaboration to its customers. The new product provides online communities, user profiles, blogs, and wiki features for business collaboration. The new product connects into Cornersto (More info...)
posted on Friday, October 17, 2008(Full story)
Mojix Expands RFID LineLos Angeles-based Mojix has expanded the firm's RFID products, the firm said this week. According to Mojix, it has expanded its line of RFID transmitters, adding a new line of products specifically for mobile, handheld, and outdoor use, as well as a multiple port device to supply power to passive RFID tags. Mojix develops hardware used to extend the reach of current RFID systems, and is venture backed by Oak Investment Partners, Red Rock Ventures, and InnoCal Venture Capital. Mojix said its new (More info...)
posted on Friday, October 17, 2008(Full story)
Ethertronics Names Manufacturing VPSan Diego-based Ethertronics, a developer of embedded antennas for the wireless industry, announced this week that it has appointed Dr. Joe Wu as Vice President of Global Manufacturing operations at the firm. Ethertronics said that Wu joins the firm from LightPath Technologies. Wu will be responsible for development and expansion of Ethertronics' Chinese Manufacturing Center. Wu was also previously president and co-owner of Shanghai-based Nova Consulting Ltd., and has served at Oplink Communicat (More info...)
posted on Friday, October 17, 2008(Full story)