VentureWire Alert <http://alert.venturewire.com> 	 For Jeffrey Dasovich, Enron 	


VENTURE 
MARKET 
SUMMARY 

	It was a good day for Scion Photonics. The provider of technology for high-volume production of DWDM optical networking products told VentureWire it has closed the first part of its Series B financing at $33 million. It also named James R. Fultz, the former CEO of Zaffire, as its first president and CEO. Meanwhile, 10 other companies raised approximately $55 million, including UIEvolution, a developer of client-server architecture for wireless operators and service providers, that closed $7.7 million in its Series A.

But VentureWire also learned about some more bad news at Cinta Networks. The optical networking startup reduced its staff this week from just over 100 to about 70 in a second round of layoffs as a cost-cutting measure to help the company stay afloat for the next 12 months. Cinta has been raising a $40 million to $50 million round since August but has not received any commitments so far. 

Fogdog barks again, or one of its founders does anyway. Brett Allsop, who co-founded the online sports retailer in 1994 that merged with Global Sports in 1999, has joined Amadeus Capital Partners, a venture capital firm that invests in new technologies in the U.K. and continental Europe, as an associate. The firm also named another new associate, Shantanu Bhagwat, who previously worked at the management consultancy firm Monitor Company, advising businesses on their strategies and on restructuring plans. - By John Fuller <mailto:fuller@technologicp.com>	


The complete text of the stories below, as well as 13 additional venture-capital and private-company stories, are available today exclusively to subscribers to our new, premium service, VentureWire Professional. Find out more. <http://professional.venturewire.com/m2_professional.asp> 

Executive Summit 
The Fairmont
San Jose, CA
November 6, 2001

Executive Summit <http://events.venturewire.com/summit/>Matt L'Heureux
Managing Director & Head, Worldwide Technology M&A 
Goldman Sachs & Co. 


Currently advising Hewlett-Packard in its $21.2 billion takeover of Compaq Computer, Matt has a slew of high-profile deals under his belt, including Lucent's acquisition of Ascend and Yurie, Cisco's acquisition of Pirelli, Genesys' sale to Alcatel, Nokia's acquisition of Amber Networks and Yahoo!'s acquisition of broadcast.com and GeoCities. Ranked in Forbes 2001 Midas List of the top 100 most influential people in venture investing, he was promoted to Managing Director in 1998. And, at 2.15pm, on Tuesday, November 6 at the Fairmont in San Jose he joins Ammar Hanafi of Cisco, Les Vadasz of Intel Capital and Steve Smith of Broadview to discuss the M&A outlook for 2002 and the role of corporate venture capital and strategic relationships. Register today for one of the remaining places.  <http://events.venturewire.com/summitEvent.asp>	

 your account <http://alert.venturewire.com/account.asp>
 *  Change your e-mail address
 *  Thoughts, suggestions, commentary
 *  Cancel your account
 *  This newsletter was mailed to you at: jdasovic@ENRON.COM   

 contact
 *  Send news items to: editor@venturewire.com <mailto:editor@venturewire.com>
 *  Send questions, complaints, or service queries to: help@venturewire.com <mailto:help@venturewire.com>
 *  Send advertising inquiries to: advertise@venturewire.com <mailto:advertise@venturewire.com>



Saving Costs via Optics

With capital scarce and bandwidth aplenty, optical
components manufacturers face tough market conditions.
Now, systems companies are focusing on reducing costs
and helping carriers do more with the capacity they
already have. Happily, a number of optical technology
companies appear well positioned to capitalize on this
trend. At Optical Portfolio, you'll hear from startups
such as Symmorphix, Telephotonics and Proximion Fiber
Optics, which are using integration, tunability, and
real-time network monitoring to create more intelligent
and efficient optical networks.

VentureWire Optical Portfolio, Boston Marriott Cambridge,
October 24 & 25, 2001
Register online:

	http://www.opticalportfolio.com <http://venturewire.com/ads/ad.asp?id=1427>
 advertise <http://alert.venturewire.com/adv.asp>
 tell a friend <http://venturewire.gazooba.com/cid1201/tellafriend.html>

VENTUREWIRE INDEX <http://venturewire.com/index.asp> VentureWire Index <http://venturewire.com/index.asp>
507.4   -1.00% 	
NOTABLE DEALS


Scion Raises $33M in Series B, Hires Ex-Zaffire CEO Fultz	  mail <http://alert.venturewire.com/o_mailer.asp?sid=LLJHIHMLII>  	
FREMONT, CALIF. -- Scion Photonics, which provides technology for high-volume production of dense wave division multiplexing optical networking products, has closed the first part of its Series B financing at $33 million, VentureWire has learned. The company also named James R. Fultz, the former CEO of Zaffire, as its first president and CEO. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.scionphotonics.com> 	

Cinta Networks Cuts a Third of Staff to Save Cash	  mail <http://alert.venturewire.com/o_mailer.asp?sid=HHNMLIMLII>  	
SAN JOSE, CALIF. -- Cinta Networks, an optical networking startup, reduced its staff this week from just over 100 to approximately 70 employees in a second round of cuts, president and CEO John Vaughan told VentureWire. He said the layoffs were a cost-cutting measure to help the company survive the next 12 months. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.cintanetworks.com> 	

Wireless Architecture Firm UIEvolution Gets $7.7 M Series A 	  mail <http://alert.venturewire.com/o_mailer.asp?sid=NKOPJJNLII>  	
BELLEVUE, WASH. -- UIEvolution, a developer of client-server architecture for wireless operators and service providers to offer interactive, graphically rich games and entertainment functions on wireless devices, said it closed $7.7 million in its Series A round of funding. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.uievolution.com> 	



Imaging Firm InterScope Closes $3.25 Million Series B	  mail <http://alert.venturewire.com/o_mailer.asp?sid=QNOJHONLII>  	
PITTSBURGH -- InterScope Technologies, a provider of automated digital imaging instruments for the field of pathology, said it has closed $3.25 million in Series B financing. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.interscopetech.com> 	

Esmertec Raises $6.1 Million in Second Round	  mail <http://alert.venturewire.com/o_mailer.asp?sid=LJJLHNLLII>  	
ZURICH, SWITZERLAND -- Esmertec, which supplies embedded Java virtual machines and real-time operating systems based on Java technology, said it raised CHF 10 million ($6.1 million) in its second round. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.esmertec.com> 	

Sphera Has First Closing of $15 Million in Series C	  mail <http://alert.venturewire.com/o_mailer.asp?sid=IJQOOHMLII>  	
BOSTON -- Sphera, a provider of hosting automation software, said it raised $15 million in the first closing of its Series C round. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.sphera.com> 	

Medical Storage Firm Emageon Raises $10 Million in Series C	  mail <http://alert.venturewire.com/o_mailer.asp?sid=IHPLMOMLII>  	
BIRMINGHAM, ALA. -- Emageon, a provider of enterprise-class storage technology for medical diagnostic images, said it raised $10 million in its third round of venture capital financing. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.emageon.com> 	


How to Get Ready Today to Get Bought Tomorrow

Mergers and acquisitions will pick up again, perhaps
before IPOs do, and few know more about preparing for
such an exit strategy than Ammar Hanafi, Matt L'Heureux,
Steve Smith, and Les Vadasz. Currently advising HP on
its $21 billion takeover of Compaq, Matt heads Goldman's
worldwide technology M&A. Steve built Broadview's
Silicon Valley business. Les, head of Intel Capital,
and Ammar, his counterpart at Cisco, run two of the
world's most extensive corporate development and
acquisition programs. You'd be hard-pressed to find four
more qualified to tell you how to find the right
corporate partner and make the relationship work. For
straight talk from the voices of authority, register
today.

VentureWire Executive Summit
Managing the Downturn: Survival Strategies for 2002
The Fairmont, San Jose
November 6, 2001

http://events.venturewire.com/summit/default.asp <http://venturewire.com/ads/ad.asp?id=1428>

NetClerk Reduces Staff, Shifts Focus	  mail <http://alert.venturewire.com/o_mailer.asp?sid=LLHMKNNLII>  	
SOUTH SAN FRANCISCO, CALIF. -- NetClerk, an online service assisting contractors in obtaining building permits, has released an unspecified number of employees as it adjusts it business focus, president and CEO Jeff Kraatz told VentureWire. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.netclerk.com> 	

Franklin Electronic Publishers Takes Stake in MobiPocket	  mail <http://alert.venturewire.com/o_mailer.asp?sid=QHLQINMLII>  	
BURLINGTON, N.J. -- Franklin Electronic Publishers, a publicly traded maker of handheld electronic books, said it has taken an equity sake in Paris-based MobiPocket.com, a software and technology company that enables the reading and secured distribution of electronic text across all existing OS platforms. Financial terms of the agreement were not disclosed. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.franklin.com> 
<http://www.moblipocket.com> 	

Amerindo Name Matthew Fitzmaurice as First CEO	  mail <http://alert.venturewire.com/o_mailer.asp?sid=IJKONMNLII>  	
NEW YORK -- Amerindo Investment Advisors, a money management firm for technology and biotechnology investments, said it has appointed Matthew Fitzmaurice the company's first CEO. Mr. Fitzmaurice was previously chief investment officer at the firm and will continue in that role as well. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.amerindo.com> 	



Pervasive Computing Outlook

As we enter the era of digital anything, companies
are vying to capitalize on the market growth created
by increasingly portable and ubiquitous computing power.
The uneven economy has not deterred the focus on new
technologies, or the related products and services that
are quickly emerging. Atheros, Embrace, Phototablet,
and XDegrees are just a handful of the companies that
will share their plans to use real-time, wireless
communication to create more intelligent, connected
business opportunities. Meet the companies, investors,
and executives best positioned to spearhead the
pervasive vision. Register now and SAVE $300.

Pervasive Computing Outlook
December 4 & 5, 2001
San Francisco Airport Marriott

	http://www.pervasivecomputingoutlook.com/register.asp <http://venturewire.com/ads/ad.asp?id=1429>

To cancel, change, or update your subscription:
<http://alert.venturewire.com/account.asp>