Since the contract scandal broke, three state officials have resigned or been suspended and campaign donations from Oracle to the governor and other state officials have been returned. Testimony from former California state auditor Kurt Sjoburg and current state auditor Elaine Howle is expected to move the hearings into the second phase of the investigation, which centers on the merits of the deal, Florez said. Oracle hired Sjoburg in January to draft an evaluation of the deal and to determine whether it would generate cost savings for the state, after a state senator sent a letter requesting the state audit.

The hearings stem from a critical state auditor's report issued in April that said the contract could cost California $41 million more than the state's existing contracts, rather than save millions of dollars, as Oracle maintains, The auditor's report also criticized the speed with which the deal was approved by the governor's office and other state agencies, Be respectful, keep it civil and stay on a cup of suga iphone case topic, We delete comments that violate our policy, which we encourage you to read, Discussion threads can be closed at any time at our discretion..

CNET también está disponible en español. Don't show this again. Broadband hardware maker Viadux announced Tuesday that it raised $10 million in its most recent round of funding, which was led by Ampersand Ventures and the Edgewater Funds. The company, formerly known as RC Networks, has now raised more than $40 million in four rounds. It will use the latest proceeds to finance its sales and marketing activities as well as product development. Shares issued in the previous three rounds will be converted to common stock, while shares in the recent recapitalization round are preferred stock. Common stockholders usually have voting rights in a company, while preferred stockholders have preference over common stockholders in the payment of dividends and the distribution of proceeds from the liquidation of assets. The San Diego-based company makes broadband equipment that delivers high-speed voice, video and data services. Cable and telecom service providers install the gear in small and medium-sized businesses or apartment buildings.

Broadband hardware maker Viadux announced Tuesday that it raised $10 million in its most recent round of funding, which was led by Ampersand Ventures and the Edgewater Funds, The company, formerly known as RC Networks, has now raised more than $40 million in four rounds, It will use the latest proceeds to finance its sales and marketing activities as well as product development, Shares issued in the previous three rounds will be converted to common stock, while shares in the recent recapitalization round are preferred stock, Common stockholders usually have voting rights in a company, while preferred stockholders have preference over common stockholders in the payment of dividends and a cup of suga iphone case the distribution of proceeds from the liquidation of assets..

CNET también está disponible en español. Don't show this again. Inphi announced Monday that it raised $24 million in its second round of funding, bringing the high-speed telecom chipmaker's total funding to $36 million. Walden International led the round, and Dali Hook Partners participated; both were new investors in Inphi. Tallwood Venture Capital and Mayfield also contributed to the recent round; they also invested in the company's first round in December 2000. Inphi, based in Westlake Village, Calif., plans to use the funding to develop new technology and move toward volume deployment of its existing optical chip products. The company is working on chips for optical equipment that run at 10 gigabits per second (gbps), 40gbps and other speeds.