Tuesday, December 28, 2010
Broadcom Completes Gigle Networks Buy
Irvine-based Broadcom announced Tuesday that it has completed its $75M acquisition of Gigle Networks, a developer of systems-on-a-chip products for home networking over power lines. The deal had originally been announced in November. Broadcom said the deal was all cash, except for equity awards from the firm given for unvested employee stock options. Gigle was venture backed by Accel Partners, Pond Ventures, and Scottish Equity Partners.

posted on Tuesday, December 28, 2010(Full story)

AeroVironment Gets $46.2M Order
Monrovia-based AeroVironment said Tuesday that it has received a $46.2M order from the U.S. Army. The developer of unmanned aircraft systems said that the order was for 123, new Raven unamnned aircraft systems, plus another 186 digital retrofit kits for the U.S. marine Corps and 339 digital retrofit kits for the U.S. Army. The Raven is Aerovironment's hand-launched, 4.2 pound unmanned systems used for surveillance, reconnaissance, and situational awareness by the military.

posted on Tuesday, December 28, 2010(Full story)

What Mattered in 2010: Mike Jones, Myspace
This week, we are sharing the opinions of some of the top influencers in Southern California's high tech community. We asked the same five questions of a variety of top technology entrepreneurs, investors, and others, to hear what they're thinking about, and are sharing it here over the next two weeks.

Yesterday, we heard from Bruce Hallett of Miramar Venture Partners. Today, we're sharing the thoughts of Mike Jones, CEO of Myspace.

1. What was the biggest news for you/your firm this y (More info...)

posted on Tuesday, December 28, 2010(Full story)

BeachMint Gets $10M
Santa Monica-based BeachMint said Monday that it has raised $10M in a funding round for its social commerce site. The firm, started by MySpace co-founder Josh Berman and Diego Berdakin, runs jewelry site JewelMint along with Kate Bosworth and celebrity stylist Cher Coulter. BeachMint said the funding round was led by Trinity Ventures, and also included Stanford University, New Enterprise Associates, and Anthem Ventures. BeachMint said the new funding will go towards hiring--with plans to double (More info...)

posted on Tuesday, December 28, 2010 (More)(Full story)

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