Using Mathematica to generate Web 2.0 company names
collison.ie
collison.ie
Basically, analyze a word corpus and create frequencies for letter pairs, considering word start and end as letters for convenience. Then, starting with a word start, choose letters randomly based on the frequency of the pairs where the first letter in the pair is the last letter in your current word. Continue until a word end is chosen.
Building frequencies using letter triplets rather than letter pairs can get better results, where pairs may choose unlikely match-ups such as "cth", taking e.g. a"ct" as common, and "th"e as common. Longer tuples can be chosen but a slight adjustment of word start and end strategy is needed.
... (iPhone app)