WRAL TechWire Publisher and Editor Rick Smith dishes out tidbits from the local technology sector.
Workers at IBM are telling the Alliance@IBM union that layoffs as part of what Big Blue calls a "resource action" are set to begin Wednesday. IBM confirmed Monday plans to cut thousands of jobs, having set aside some $600 million to cover the cost of a restructuring.
AT&T is planning to take on Frontier Communications in Durham County with a fiber network. And now, so is Google Fiber. But the top executive with Frontier in North Carolina says his company's network is already digging in, winning customers, and is seeing "tremendous response" from customers.
AT&T has a head start on Google Fiber, which announced today plans to build its own ultrafast Internet network in the Triangle. AT&T already is laying fiber and selling access where available to its U-verse with GigaPower network and is building the N.C. Next Generation Network. And the company says it welcomes Google Fiber to the Triangle.
A new study by NCSU economist Dr. Michael Walden says the controversial, massive 7,000-acre Chatham Park development will produce 115,000 jobs and drive $154 billion in total economic impact over the next 40 years. The Chatham Economic Development Corporation commissioned the study.
Like a pendulum, world media jumped on a report that IBM was cutting some 26 percent - or more than 100,000 jobs. Then IBM issued a sharply worded denial. The media responded, widely reporting that news. But the fact remains: IBM acknowledged that a lot of jobs will be lost in a restructuring but Big Blue also is on a hiring binge.
IBM calls a report that it's cutting 100,000 jobs "ridiculous." However, the company does confirm it is cutting jobs. "This rumor is ridiculous, and off by a factor of more than 10," says IBM's director of corporate communications. He also notes IBM is hiring.
IBM is undergoing a major internal restructuring as Chair and CEO Ginny Rometty tries to reverse nearly three years of dwindling returns. But is Big Blue really going to cut as many as 100,000 jobs as has been reported over the weekend? Not even the Alliance@IBM is buying in completely to the story.
After years of lobbying now, Triangle residents and leaders may get their wish next week: Google Fiber. A "save the date" notice sent out by Google's Triangle media representatives promises news of some sort next week.
So you decide to try Uber or Lyft as an alternative to taxi or mass transit or a limo. Just who are these independent contractors that you are relying on for a safe, affordable trip? A new survey profiles Uber's drivers - who they are and why they drive for Uber. You'll find the results interesting.
Corporate suits never know what questions a Wall Street analyst will ask when discussing earnings. These guys are Randy Johnsons, not AAA journalists. Such was the case Tuesday evening when Cree's chair and CEO sat down for his give-and-take with men and women looking for any insight into the company's future. And as the call ended, he got a curve ball. Did he hit it out of the park?
All the buzz about the Internet of Things is helping drive it as a trend among developers across the Triangle - and the state, for that matter. Just what is driving potentially the Internet's next big wave will be on full display at an NC RIoT event tonight in Durham.
The news that taxi drivers in Boston have filed a suit in federal court against ride sharing services Uber and Lyft is the latest sign of a growing rebellion against the so-called "shared economy." The growing backlash triggers this prospect: The shared economy could be the next "dot com" bust. Remember Aereo?
The McCrory administration put together an all-star list of leaders in venture funding, technology and university R&D to form its "Moving Forward on the Innovation Triangle" plan. And the proposal outlined by Gov. Pat McCrory on Friday shows considerable promise, obviously reflecting the talent on the panel. Unlike what has happened so far with crowdfunding legislation (stymied by in-fighting at the General Assembly), let's hope this proposal finds legislative support - and especially the needed funding. But this really is a state-wide plan and should be promoted as such.
Bull City Venture Partners co-founder David Jones sees lots of good news in the latest venture capital statistics. He also likes the promise of 2015. Bull City focuses on startups but demonstrated its power locally and nationally by putting on a venture event earlier this week that drew some 300 people but, most importantly, significant venture investors from across the U.S. So what does Jones have to say about the latest VC trends?
Three venture capital reports out this week include good news for startups and investors in the Triangle and North Carolina. WRAL TechWire reached out to some key players for their reaction. One of the most active angel investors around, Mark Easley, likes what he sees but wants more.
The latest venture capital statistics out this week in three major reports include good news for startups in North Carolina, especially in the Triangle where most of the deals were made as usual in 2014. WRAL TechWire reached out to some of the players on both sides of the game to gauge their reaction. Startup CEO Matt Williamson of Windsor Circle, which raised more than $5 million, is excited by the news. He goes one-on-one with The Skinny.
North Carolina's venture capital business receives mixed news in the latest Dow Jones VentureSource survey. The number of deals and the amount invested fell from 2013 levels but a surge in the dollars-per-deal reflects a national trend.
The first of three major venture capital industry reports is out - and there's some good news for North Carolina. Funding is up and the state ranks in the top 10 for venture-capital-backed exits and fourth in IPOs. But the state remains outside the top 10 in VC deals at 12th, according to CB Insights, a venture industry tracker. Our Insiders get the details.
Facing a growing threat from China-based startup Xiaomi, which is valued at a whopping $45 billion, Lenovo's chairman and CEO says he is considering spinning off a new unit that is focused on selling mobile and Internet-connected devices.
New statistics show that Lenovo is selling more PCs than ever and its global market share is growing. It's also closing in on Apple for the No. 3 spot in U.S. sales. But former No. 1 HP is surging, with a global growth rate twice that of Lenovo.