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EXECUTIVE SUMMARY

This past week's news from www.ocbj.com and other sources

TECHNOLOGY

Irvine telecommunications gear startup Aktino Inc. raised $14 million in a third round of venture funding. The funding brings its total raised to $41 million.

A New York hedge fund has taken a sizable stake in Epicor Software Corp. with an eye toward the Irvine business software maker "exploring strategic alternatives." Elliot Associates LP disclosed in a securities and Exchange Commission filing that it had a 10% stake in Epicor, which had a recent market value of about $500 million. The hedge fund operator said it has asked Epicor's board to consider ways to boost shareholder value.

HEALTHCARE

Four local hospitals were ...

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