WRAL Tech Wire

Dropping citizenship to save Facebook co-founder $67M in taxes

Facebook co-founder Eduardo Saverin will save at least $67 million in federal income taxes by dropping U.S. citizenship. Those savings will keep growing if Facebook's shares increase after its IPO.

RTP Foundation hires former Clemson exec to lead business development

Mason Ailstock is a former colleague of Bob Geolas, who was named CEO of the Foundation last November.

Durham firm receives OK to sell surgical sealant device in Europe

The Adherus AutoSpray Dural Sealant delivers HyperBranch's dural sealant to prevent leaks of cerebrospinal fluid after the surgical repair.

Facebook investors 'cashing out' more shares in IPO frenzy

"Everybody is cashing out," a hedge-fund manager says. "It's normal for private equities and venture capitals to cash out, but the obvious question is whether they are stretching it too far."

In the news: Valencell, SciQuest, Liquidia, SAS, Furiex

Local tech briefs: Valencell wins award at CTIA Wireless show; SciQuest updates materials service; Liquidia touts two new studies; Allstate picks SAS; Fuiriex licenses drug, makes another deal with its rights.

iPhones bigger?; Cisco battle; Lenovo's India surge; Fab likes Pinterest; Groupon boost

Inside the Bulldog Blog: Bigger iPhone screens may be coming; is Cisco CEO purging rivals?; Lenovo No. 1 in India; Fab dumps Google+; Group profits boost shares.

Appia expands revenue opportunities for apps developers

The Durham-based provider of a global marketplace and storefronts for mobile application developers is offering more ways for developers to cash in on their creations.

New map tracks economic, demographic, education data across N.C.

The UNC System's Center for International Understanding is team up with SAS for the "Global North Carolina Heat Map." Its purpose is to encourage job creation in the state as well as more global interaction.

"Heat map" for NC

Lenovo's new ThinkPad 'Carbon' instant hit with reviewers

Touted as the world's lightest "Ultrabook," the X1 model earns positive press for its weight, bigger screen, carbon rollcage, fast recharge battery - and more.

Lenovo's new ThinkPad X1

Chip maker AMD takes new direction under former Lenovo exec

Rory Read, who left the world's No. 2 PC maker to take over as CEO at AMD, is redirecting the chip maker's future toward more flexible, not just more powerful, processors.

AMD

Facebook frenzy increases; 25% more shares being offered

On Tuesday, Facebook upped the price range for its IPO to as much as $38 a share. On Wednesday, the social media giant increased the offering to more than 421 million shares.

Warren Buffett keeps adding to stake in IBM

Big Blue blog: Berkshire Hathaway adds another 500,000 IBM shares to its holdings, according to an SEC filing.

Red Hat aims to rule in 'cloud computing' era

At a 10th birthday celebration of its flagship Red Hat Enterprise Linux product, Hatter executives lay out belief they will prevail in cloud computing world.

GE on the prowl for life science startup investments

The head of the $250 million Healthymagination Fund says he still has a "lot of dry powder," is looking for deals. "We're more opportunity short than capital short," says Noah Lewis.

Aaron Sorkin to write, direct movie about Steve Jobs

The screenwriter won an Academy Award for his adaptation of "The Social Network," the film that chronicled the early years of Facebook Inc. under founder Mark Zuckerberg.