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Short Take: Translation start-up puts down its pen

Online translation start-up Elingo.com is shutting down, the company says on its Web site, citing a lack of capital. The company also said it is selling its assets. Elingo provided mechanical translation for several Web portals including Excite@Home, Lycos and Spanish portal StarMedia. Company representatives could not immediately be reached for comment.

Online translation start-up Elingo.com is shutting down, the company says on its Web site, citing a lack of capital. The company also said it is selling its assets. Elingo provided mechanical translation for several Web portals including Excite@Home, Lycos and Spanish portal StarMedia. Company representatives could not immediately be reached for comment.