Southern California Looking For Respect; Venture Funds Mature; Jim Armstrong working with investors to boost the region's tech profile.(INTERNET & TECHNOLOGY)(Q & A)

Byline: BRIAN DEAGON

When it comes to technology companies, Southern California has always been the stepchild to Northern California's Silicon Valley.

Many of Southern California's former tech giants, such as Kaypro, Tandon, Ashton-Tate, Nantucket, Cipher Data and AST Research, have faded away. Perhaps its best-known tech giant today is in San Diego -- Qualcomm.

Jim Armstrong, managing director of Clearstone Venture Partners, looks to boost the region's tech profile. The venture capital firm, with $600 million invested, is headquartered up north in Menlo Park, Calif. But it has planted roots in Santa Monica, Calif. -- near Los Angeles -- where Armstrong is based.

He spoke with IBD about Southern California's problems and opportunities.

IBD: Where are the pockets of strength in technology in Southern California?

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