Lenovo Chairman and CEO Yang Yuanqing spells out an aggressive strategy to make the company No. 1 in the global server market once the $2.1 billion deal for IBM's x86 business closes on Wednesday. Yang aims for $5 billion in revenue and profitability in one year for the newly branded "Systems X" business.
Lenovo Chairman and CEO Yang Yuanqing says the $2.1 billion acquisition of IBM's x86 server business will close on Wednesday. The deal means some 2,000 IBMers in the Triangle will become Lenovo employees. Lenovo reiterated its pledge to hire all Big Blue workers in the x86 business but also said a search for "efficiencies" would begin once the merger has closed and the Lenovo-IBM server businesses are combined.
With Lenovo and IBM wrapping up their $2.1 billion x86 server deal, the first Big Blue workers will head to a Lenovo operated facility on Wednesday morning. While some workers and facilities will transition in coming months, a large number switch to Lenovo's two buildings in RTP and take orientation in coming days, says Lenovo's top North America exec Jay Parker.
A team of developers led by Longfellow Real Estate Partners from Boston, Duke University and Durham businessman Hank Scherich will unveil formal plans Wednesday for the "Durham Innovation District." The project is expected to cost hundreds of millions of dollars and cover 1.7 million square feet of office space.
Red Hat says a malware attack exploiting vulnerabilities it disclosed last week and now known as "bash bug" and "shellshock" is underway. The company is telling firms to make sure their systems are "fully patched" to defeat the attack. Meanwhile, Red Hat also updates its patches which it knows says were "incomplete."
The interest in young startup company CellBreaker came from ABC World News as their producers were investigating how consumers might save on their cell phone contracts. The news sent traffic skyrocketing at CellBreaker's website. So how did this all come about? WRAL TechWire Insiders get the details.
Jim Goodnight, co-founder and chief executive officer of SAS software in Cary, is No. 60 on the latest list of the richest people in America, according to Forbes. John Sall, who co-founded SAS with Goodnight, ranks No. 133.
MCNC will mark the 30th anniversary of the North Carolina Research and Education Network during their annual Community Day celebration on Nov. 5-6 on the campus of NC State University in Raleigh.
In the latest Bulldog roundup of life science and technology news: Cisco Intercloud partner ecosystem expanded with $1 billion in new financing; Microsoft offers first look at new Windows this week; Anti-Facebook social network Ello goes viral; Yahoo! Directory is shutting down this year; and what can doctors can learn from our Selfies?
Chinese officials have busted a slew of smugglers bringing Apple iPhone 6 models into the country ahead of their official release, reporting the latest seizure of 453 smartphones on Sunday in Shanghai.
Some local websites run one or two tech stories per day. Others a few more but mixed with a variety of business news. At WRAL TechWire, tech and life science make up the menu with more than 50 stories published over the last five business days. Here's a look back at technology, life science and other related news as reported in WRAL TechWire last week.
WRALTechWire is continuously expanding its content lineup, and we want you to participate. We are looking for news and analysis about all things tech and life science from people who know their business.
WRAL TechWire is expanding again, this time with a new LinkedIn site. From its launch 12 years ago, Local Tech Wire as it was known then has offered a daily email blast. Adding a news feed on Twitter brought on more readers. We've recently added a PM email blast, too. With Facebook, readers have a new channel to follow our news. Now there is LinkedIn as well.
NC Tech Awards is Nov. 6 and you can vote between now and Sept. 30 for the Tech Exec of the Year. The N.C. Technology Association is running interviews with each of the contenders throughout September. The fifth interview features Susan DeVore of Premier, Inc.
For the past three months leading up to the CED Tech Venture Conference, the team at CED has been busy making matches between potential investors/corporates and ventures seeking funding/partners. Expanding and utilizing this network is a key pillar in CED's mission going forward. In many cases, it involves the 'warm introduction.'