FUNDING WILL HELP LYNX EXPAND FIRM.WOODLAND HILLS - Lynx Photonic Networks received a financial shot in the arm Friday after securing $30 million in funding, said President and co-founder Michael Lee Michael Lee may refer to:
 To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Dean Witter may refer to:
The transmission of speech, data, video, and other information by means of the visible and the infrared portion of the electromagnetic spectrum. developer raised earlier in the year. Lynx will use the funds to aid in development of its patented optical switches, which are used in video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. , network data restoration and distance learning applications. The money also will be used to grow the company's work force from 13 employees in its Woodland Hills office to 108 in a year, when it will expand to larger offices in Calabasas. - Daily News Jobless rate down in 2000, December SACRAMENTO - More Californians had jobs last year than the year before as the state's economic boom continues, the state reported Friday. The state unemployment rate for December was 4.6 percent, down from 4.8 percent in November, said the state Employment Development Department. The annual jobless rate in 2000 was 4.9 percent, down from 5.2 percent in 1999. An EDD Noun 1. EdD - a doctor's degree in education DEd, Doctor of Education doctor's degree, doctorate - one of the highest earned academic degrees conferred by a university survey showed that 16.4 million people had jobs in California last month, the highest number ever employed in the state. That was up by 90,000 from November and by 558,000 from December 1999. All areas of the economy except mining showed job gains both for the month and the year. In Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County, the seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. jobless rate was 5 percent in December, down from a revised 5.1 percent in November and an estimated 5.7 percent in December 1999, the state reported Friday. Civilian employment increased by 23,000 to 4,573,000 in December, while unemployment declined by 4,000 to 241,000 over the month, the state said. - Wire Services Dynamics closes 4th funding round WEST HILLS - Dynamics Direct Inc. said that it has closed its fourth round of venture capital funding for $12.5 million. The funding was co-led by Botticelli Venture Funds, which is backed by The Omnicom Group, and Israel-based Mofet Venture Capital Fund. Also investing in this round were Poalim Capital Markets Technologies Ltd., Polaris Venture Capital, Eucalyptus Ventures and Concord Ventures. West Hills-based Dynamics Direct has developed a technology that enables direct marketers to personalize e-mail marketing messages to individuals. Information about customers from a database can be integrated into streaming audio or video marketing campaigns. - Daily News Coke gets into mix of bottled coffee bid ATLANTA - Coca-Cola Co. entered the battle of the bottled coffees Friday, buying the maker of Planet Java coffee with plans to expand it nationwide. Planet Java, which is currently distributed only in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and New Jersey, is made by privately held P.J. Bean Co., founded in 1996 by Larry Trachtenbroit in Long Island, N.Y. The purchase gives Coke its first U.S. coffee brand and pits it against Frappuccino, a venture between Pepsi-Cola Co. and Starbucks Corp., which currently faces no significant competition in the category. Terms of the transaction were not disclosed. - Associated Press Papers deny bias in Microsoft case WASHINGTON - The government pressed its legal battle to break up Microsoft, filing court papers Friday denying that the trial judge in the landmark antitrust case showed bias against the company. Addressing several controversial out-of-court remarks by U.S. District Judge Thomas Penfield Jackson Thomas Penfield Jackson (born January 10, 1937) was a United States District Court Judge for the District of Columbia. He was appointed in 1982 after serving as president of the District of Columbia Bar Association. He is currently an attorney with the Jackson and Campbell, P.C. that have been questioned by Microsoft, the Justice Department said the comments ``demonstrate neither bias nor the appearance of bias.'' ``The remarks cited by Microsoft provide no reason to doubt Judge Jackson's impartiality,'' the department's Antitrust Division said in a 150-page brief filed with the U.S. Circuit Court of Appeals for the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . That court will hear the company's appeal of Jackson's breakup order. - Associated Press |
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