WRAL TechWire Publisher and Editor Rick Smith dishes out tidbits from the local technology sector. Read the latest articles…
North Carolina's Biotechnology Center budget would be zeroed out - a slash of $13.6 million - under a proposed budget plan released by the N.C. Senate. The Biotech Center is scrambling to recover, noting that the House budget includes funding. Just two years ago, the Center, which helps fund startups and research all over the state and is a key factor to N.C.'s growing life science industry, was funded at $17.2 million.
Jim Roberts has new plans for entrepreneurship and startups in the Wilmington area even though his tenure as head of the Center for Innovation and Entrepreneurship at UNC-Wilmington ended in March. What's he up to other than putting on two events designed to drum up investor interest?
Promising to help wireless customers to break contracts without paying early termination fees and setting up a new account within seven days, Raleigh-based CellBreaker formally launched service Thursday. Right now, customers can use CellBreaker "for free."
WRAL's Mark Binker reports that economic development is moving again in the General Assembly. However, there's nothing apparently going to happen quickly on two other items entrepreneurs and investors are wanting. But in other startup news, Uber makes a regulatory play. There's also news on renewable energy credits.
So what's the biggest risk in taking the 'female Viagra" from Raleigh's Sprout Pharmaceuticals if the FDA approves it? Having the pharmacist say over the PA system: "Female Viagra for Linda." So says Jimmy Fallon on the Tonight Show.
There's good news for workers wanting raises as well as for people seeking work in a new survey from Duke University and CFO Magazine: Companies are hiring more full-time workers and outsourcing less. Meanwhile, wages are expected to rise more 3 percent.
CellBreaker, the Raleigh-based startup that aims to help people break cellphone contracts with no early termination fees, is launching a new service Thursday: A "contract justice marketplace" where wireless customers can switch carriers and service providers can gain new customers.
Epic Games, the Cary-based gaming technology company that Apple showers with love, showcased the latest updates of its next big game on Monday on Apple's big stage. But the game is still a long way from being released, and the people wanting Zombie combat are getting antsy.
North Carolina's General Assembly continues to drag its collective feet on crowdfunding legislation even as other states such as Texas continue to embrace the means of providing more people access to investment in startups. And frustration in the entrepreneurial community is growing. Plus, no news on a new $120 million venture fund. What in blazes is the holdup?
A new entrepreneurship study from the Kauffman Foundation omits any mention of the startup hot spot known as the Triangle? Why? Because Raleigh and Durham aren't considered to be one metro statistical area. Another study also breaks the Triangle in half, triggering data that could - make that should - be a lot better. When will triangle leaders act?
Sprout Pharmaceuticals scored a major victory in its battle with the FDA to win approval for a so-called "female Viagra." But in arousing support for flibanserin with an aggressive "Even the Score" campaign that even included Congressional support, Sprout angered the FDA. How will the drug agency respond when a final decision is made in August?
UNC-Chapel Hill graduate Chuck Robbins unveils the management team he wants when he takes over as Cisco CEO next month. The group of 10 doesn't include Chief Technology Officer Padmasree Warrior and other familiar Cisco names.
In a massive, chart-laden 300-plus page report, executives at Raleigh-based Sprout Pharmaceuticals promise to launch what has been called a "female Viagra" drug with a low-key marketing campaign that stresses safety should the FDA approve it.
AT&T is negotiating with the FCC in hopes of winning approval for its $49 billion acquisition of DirecTV, offering to accept some "net neutrality" rules which it initially opposed. So says The Washington Post. But AT&T already has disclosed a willingness to compromise in seeking legal relief. Meanwhile, N.C. Congresswoman Renee Ellmers keeps pushing legislation to force more openness at the FCC.
The founders of Malartu Funds, who want to bring more investors and thus more capital to Triangle startups, won't wait for crowdfunding legislation to pass in the North Carolina General Assembly. They are launching with a focus on accredited investors now and will bring in crowdfunding later.
Back in the Cold War days, what's happening at Cisco would have been called a party purge. Incoming CEO Chuck Robbins disclosed the departure of two senior execs on Monday, and re/code is reporting that CTO Padmasree Warrior is next.
John Plachetka, the founder, chair and CEO of Pozen who grew the company to an IPO and oversaw development of a safer aspirin, has been replaced at the Chapel Hill company. He also won't be a member of the board. Two execs from another firm are taking over, including a CEO who has a history of leading drug companies such as Inspire, than have been acquired. On Tuesday, the new team formed a subsidiary in ireland.
Still reeling from a disappointing quarterly earnings report and the layoffs of 500 workers (many of those cuts coming in RTP), storage tech firm NetApp now has to look for a new CEO In a terse announcement Monday, NetApp disclosed that chair and CEO Tom Georgens is out. Is the leadership change enough to right the company? One anlyst says no.
Just days after Lenovo hosted its huge "Tech World" event in Beijing and after touting the performance of its mobile performance group, the company on Monday disclosed that its top mobile business executive and chair of Lenovo's Motorola Mobility is out. The move also affects Lenovo's Internet spinoff with the leader of that group now taking over mobile.
UNC-Chapel Hill graduate Chuck Robbins is wasting no time in putting his own stamp on Cisco's management structure. Two other senior execs are leaving the firm on the day Robbins takes over as CEO on July 25.