WRAL Local Tech Wire Publisher and Editor Rick Smith dishes out tidbits from the local technology sector.
New venture capital investment statistics from two different sources illustrate an increasingly apparent reality: VC is losing its relevance as an investment tool for growing startups in North Carolina. While deals and dollars are at the highest levels since 2001, both numbers remain paltry in the Tar Heel state which often ranked among the top 10 for VC action in the past.
A year ago today, WRALTechWire launched its Insider service - providing selected content to subscribers for an annual fee. Year two begins with a re-commitment to this strategy to deliver the most comprehensive technology and life science reporting every business day in the Triangle and across the state.
IBM is due to report in latest quarterly financials today, and speculation is circulating that Big Blue may announce another work force "rebalancing." In other words, layoffs. Meanwhile, Citigroup has cut IBM shares to "neutral" from "buy," and the Street expects the tech giant to report an eighth straight quarterly decline in revenue.
Richard "Dick" Daugherty, a former senior executive at IBM, a longtime champion of NCSU's Centennial Campus, and a driving force behind the new strategic plan for Research Triangle Park, is among the latest inductees for the Raleigh Hall of Fame. Way to go, Dick. You deserve this honor.
The Drudge Report almost daily links to reports about how those wearable computers known as Google Glass are being abused - from invasions of privacy to just plain old obnoxious uses. And as Glass becomes widely available today for $1,500, a consumer group unveils a Top 10 list of reasons why not to be a "Glasshole."
"Give me liberty or give me death" still means something in the United States and the western world. Proof of that is the Pulitzer Price awarded to The Washington Post and the U.K. Guardian's U.S. operation for the fortitude each demonstrated in publishing the NSA disclosures of Edward Snowden. Don't ever take your freedom for granted, dear readers. Once lost, it's likely never to be regained.
The Webby game is on again at The Escapist. The Durham-based news and entertainment web site that is the self-proclaimed "mouthpiece for the gaming generation, is gunning for a fourth Webby Award. Founder and General Manager Alexander Macris is one excited exec - and he shares with WRALTechWire the five reasons why he believes the site could be giving another five-word acceptance speech - but "funner" this time.
The sudden replacement of Dan Warmenhoven as chairman at NetApp and his retirement from the storage technology firm's board likely means more change is coming. As the company, which has a big presence in RTP, struggles to deal with the era of "cloud computing," CEO and now Chairman Tom Goergens has even more control over its future.
Chris Heivly, co-founder of The Startup factory along with Dave Neal, writes a story in Inc. about how to fire a co-founder. So The Skinny asks Heivly: How did Neal react? Jokes aside, Heivly notes that firing a partner "burns into your soul."
Lenovo has already secured office space in RTP for some 2,000 IBMers who are expected to be transferred as part of then $2.3 billion deal for Big Blue's x86 server business. But Bloomberg news reports that the deal faces a "perfect storm of issues" in winning U.S. government approval. It's deja vu 2005 all over again.
The "help wanted" sign remains on at the headquarters of high-tech services firm I-Cubed on N.C. State's Centennial Campus. They have 20 jobs open right now and expect to add more. Just this week, the privately held company bought an analytics group in Chicago. CEO Donald Thompson Jr. talks about what's driving his company's success.
Red Hat will forever be known as the company that commercialized open source Linux, but it's quickly becoming the driver in OpenStack - or open source - for cloud computing. CEO Jim Whitehurst says in a conference call: "Yes, obviously there is substantially more interest in OpenStack, frankly than there has been in really any products since Linux."
Where there was smoke there really was fire last year when rumors circulated that Lenovo was going to buy BlackBerry. The deal never happened. CBC News reports why. Then Lenovo bought Motorola Mobility for $2.8 billion. Wow. How different Lenovo's future could look today ...
The chase for venture capital has always been a "chicken vs. egg" debate. But what if it's really chicken (capital) vs. egg (ideas) vs. hatchery (VCs)? Can you have a productive venture capital-sparked startup community like Silicon Valley without top-drawer VCs?
Co-founders Brian Dally and Nick Bhargava want to revolutionize real estate financing through "crowdlending." And they are off to a sizzling start, raising a "heavily oversubscribed" seed round of $300,000. Plus they just closed a second real estate deal in Georgia. They hope to be doing business in North Carolina soon.
Who better to forecast the NCAA men's basketball tournament other than the software gurus at SAS and their partners? But even the men and women using analytics software and high-performance computing power to predict what shoppers will buy next and what products will be hot at Christmas can't forecast March Madness. So confesses Jared Dean, confessed basketball junkie, who heads Research and Development at SAS.
A complete technology reboot with new PCs and keeping jobs in North Carolina - Those are the goals of a huge computer purchase that the State Employees' Credit Union is fulfilling in a deal with Lenovo.
Robert Allison, a computer science PhD from N.C. State, is just as mystified as anyone else about the disappearance of Flight 370 and is intrigued about other missing aircraft mysteries. To help others wanting to know about these unsolved cases, the NCSU grad has put together an intriguing interactive map/graphic to track these "without a trace" incidents.
In its latest SEC filing, Durham-based Square 1 Bank says it plans to offer some 7 million shares at a price range of $15 to $17 each. The company recently said it hoped to raise around $57 million.