Friday, January 29, 2010Row 44 In Major Wi-Fi Win With Southwest AirlinesSouthwest Airlines said Friday that it is officially rolling Wi-Fi out to all of its airplanes, in what is a major win for Westlake Village-based Row 44. According to Southwest, it has ended testing of Row 44's equipment, and signed an equipment purchase contract with Row 44 for all of its aircraft. Southwest said it will begin installing equipment in the second quarter of the year, installing about 15 aircraft per month. Southwest said it will eventually ramp up to 25 installs per month, with a (More info...)
posted on Friday, January 29, 2010(Full story)
Insights and Opinions: Southern California Tech Jobs Make a ComebackFor our Insights and Opinions section today, we have an editorial by John Savageau, President of Pacific-Tier Communications, who asks companies in Southern California to put local talent back to work.
2009 was a horrible year for job seekers, and even those holding on to existing jobs. No bonuses, no promotions, layoffs, and nobody hiring. And SoCal successfully beat most of the United States in unemployment claims, by several percentage points, attaching painful and empirical fact to the gr (More info...)
posted on Friday, January 29, 2010(Full story)
Flux Power Wins WheegoSan Diego-based Flux Power, the battery management technology spinout of LHV Power, said late Thursday that it has signed a battery supply agreement with electric car maker Wheego Electric Cars. Flux Power said it wil provide energy storage systems for Wheego's vehicle systems, including both its Full Speed Vehicles (FSVs) and Low Speed Vehicles (LSVs). Financial details of the deal were not disclosed. Flux Power develops battery technology based on extending the life cycle of Lithium batteries. (More info...)
posted on Friday, January 29, 2010(Full story)
International Rectifier Cleared By SECEl Segundo-based International Rectifier, a developer of analog, digital, and mixed signal power management ICs, said Thursday afternoon that the firm has been notified by the U.S Securites and Exchange Commission that the agency has concluded its investigation of the firm, and would not recommend any enforcement action against the company. IR had been under scrutiny by the SEC since 2007, after the firm restated its results, and had a major management shakeup which saw the turnover of its CFO, (More info...)
posted on Friday, January 29, 2010(Full story)
First Round Capital Rolls Its Own Startup Exchange FundVenture capital firm First Round Capital, the early stage venture fund whose Managing Directors include Idealab's Howard Morgan, said last night that it has created its own startup exchange fund, a fund which allows the founders of the firm's various startups to diversify their investments and share in the success of the company's portfolio. The fund allows founders of First Round Cpaital's portfolio firms to contribute some of their equity into a central pool, and share in any exit success of o (More info...)
posted on Friday, January 29, 2010(Full story)