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 Tuesday, June 23, 2009 SupportSoft Sells Enterprise Business To Consona Redwood City-based SupportSoft reported late Tuesday that the firm has completed its sale of its Enterprise software business to Consona Corporation, in a deal worth $20.0M. The firm said in conjunction with the sale, the firm has renamed itself support.com. The firm said it will now focus on its consumer business, which provides technology support and help via the Internet and phone. posted on Tuesday, June 23, 2009(Full story) Tensilica Gets Strategic Investment Santa Clara-based Tensilica disclosed Monday that the firm has received a strategic investment from DOCOMO Capital. Financial terms of the funding were not announced. DOCOMO Capital is the venture capital arm of Japanese wireless carrier NTT DOCOMO. Tensilica develops semiconductors, focused on CPUs and DSPs which are used in mobile phones and other consumer devices. The firm is venture backed by Altera Corporation, Cisco Systems, Conexant Systems, Matsushita Electric Industries, NEC, Fou (More info...) posted on Tuesday, June 23, 2009 (More)(Full story) Tesla Gets $465M DOE Loan San Carlos-based Tesla Motors has finally received approval for around $465M in low interest loans from the U.S. Department of Energy for the firm's electrical vehicles, the firm said Tuesday. Tesla said that it will use $365M of those loans for production engineering and assembly of the firm's upcoming Model S, an all-electric family sedan, which the firm is targeting for production in 2011. The company said the remaining $100M will go towards a powertrain manufacturing plant for its veh (More info...) posted on Tuesday, June 23, 2009(Full story) Marking End Of An Era, Kodak Discontinues Kodachrome Film Marking the end of an era, Kodak said Monday that it is discontinuing its hallmark KODACHROME film, saying that the film "represents a fraction of one percent of our film sales." The film has been available for the last 72 years, and was for awhile Kodak's flagship film. The film had been replaced in Kodak's film line by newer, more environmentally friendly and easier-to-process films, plus, the number of labs capable of developing the film had fallen to just one. Kodak has also seen a big shift (More info...) posted on Tuesday, June 23, 2009(Full story) Socialtext Launches Free Offering Palo Alto-based Socialtext reports this morning that the firm has launched a new, free version of the firm's tools. According to the firm, Socialtext Free 50 will offer use of its tools for up to 50 people within an organization, including access to the firm's micro-blogging, social networking, weblog publishing, and wiki tools. The firm said the move is looking to reach more mainstream users by offering the "freemium" version of its software, which can also be upgraded to its premium off (More info...) posted on Tuesday, June 23, 2009(Full story) AMAT Shuffles Joint Venture Santa Clara-based Applied Materials reports that it has modified a joint venture the firm has with Japanese firm Dainippon Screen Mfg. Co., Ltd. According to Applied Materials, they have signed an agreement to modify the ownership structure of joint venture Sokudo Co., Ltd. AMAT has reduced its ownership to 19% of the joint venture, down from an original 48% interest. The move comes due to what AMAT describes as a "significantly weakened market" for semiconductor equipment, and an effort (More info...) posted on Tuesday, June 23, 2009(Full story) Xignite Releases Financial Data Service San Mateo-based Xignite reported today that the firm has launched its web service for distributing financial data, XigniteOnDemand. According to the firm, the new offering allows exchanges, multilateral trading facilities, brokers, and other data owners to sell their market data through Web services. Xignite offers real time stock quotes, stock prices, company information, charting, and other market data all accessible via an API. The firm is venture backed by Altos Ventures and Startup C (More info...) posted on Tuesday, June 23, 2009(Full story) Conduit Launches Content Sharing Effort San Mateo-based Conduit, a provider of web toolbars, said this morning that it has launched an effort to allow web publishers to tap content from other companies using its software. According to Conduit, its new Conduit Open initiative allows web publishers to access content from other publishers. The firm said the move came because web publishers have been competing against other web publishers for users; the firm said it hopes the new initiative will create more opportunities to distrib (More info...) posted on Tuesday, June 23, 2009(Full story) |
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