Friday, May 28, 2010SnapNames VP Responds To Oversee LawsuitThe former vice president behind the huge, shill bidding scandal at Oversee.net's SnapNames unit has responded to Oversee.net's lawsuit, saying that--although his actions were "improper"--he only made the bids to purchase website domains he thought had "legitimate value" and to provide "financial security" for himself. According to the report from the Oregonian, the admissions came in a legal filing this week from Nelson Brady, the former VP at the center of the bidding scandal. Oversee sued Bra (More info...)
posted on Friday, May 28, 2010(Full story)
Darwin Dimensions Ties With 3D Software FirmAliso Viejo-based Darwin Dimensions, developer of the Evolver web-based tool for building 3D avatars, said this week that it has linked with Dassault Systemes and its 3DVIA software. The firm said it is powering the 3DVIA website, powering a feature which allows users to create their own, 3D character models. The site is aimed at creative professionals, casual game developers and 3D enthusiasts. Financial impact of the win was not disclosed. Darwin Dimensions said the characters will be able to (More info...)
posted on Friday, May 28, 2010(Full story)
Life Technologies Buys Majority Stake In GeneartCarlsbad-based Life Technologies announced this morning that it has acquired a majority stake in Geneart AG, a synthetic biology company. The firm said it now owns approximately 74 percent of Geneart, after purchasing approximately 554,000 shares of Geneart common stock at EUR13.75 per share in a tender offer, or approximately $9.4M US. Life had purchase approximately 2.6 million shares of Geneart at EUR11.59 per share in early April, paying approximately $37M US for 59 percent of the firm. Life (More info...)
posted on Friday, May 28, 2010(Full story)
GenMark Chops IPO Offering PricePasadena-based Genmark Diagnostics, a maker of molecular diagnostics equipment, lowered its initial public offering price to between $6.00 and $7.00 per share yesterday, down from an earlier anticipated initial public offering price of between $8.00 and $10.00 per share, according to a regulatory filing by the firm yesterday. The firm is looking to list on the NASDAQ Global Market as GNMK. GenMark's IPO is being underwritten by Piper Jaffray, William Blair & Company and ThinkEquity LLC.
posted on Friday, May 28, 2010(Full story)
Vizio Gets Favorable Ruling In Patent DisputeIrvine-based Vizio, a maker of HDTV and other consumer electronics, reported late Thursday that the firm has received a favorable ruling from the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. The firm said that the ruling, which covers a patent dispute with Funai Electric Co., found that certain "work-around" versions of Vizio's digital television products do not infringe upon a patent held by Funai Electri Co., Ltd. Funai had earlier won a decision from the International Tra (More info...)
posted on Friday, May 28, 2010(Full story)