Posts tagged “Employment”

July 1, 2002

Week in Review: From the Lows of Layoffs at MCI to the Highs of an IPO and Two Deals for Norak

<b>New feature:</b> Beginning today and on every Monday, LTW will review the week in tech across the Carolinas and Georgia. There's more going on than many people think ...

June 28, 2002

Black Friday at MCI: 20% of Cary Workforce Reportedly Laid Off

'Today was like going to a funeral, only no one knew who was going to go down," employee says. MCI instructs remaining workers not to talk with media or be fired, other sources say. And competitors are moving in.

Tags: Layoffs
June 25, 2002

BLAST, EMJ Internet Merge To Form Blast Internet Services

EMJI, a Web developer and Internet Service Provider, and BLAST, an automated file transfer company combine forces. New entity will employee 22 and says it pull in as much as $5 million its first year.

Tags: Layoffs, GSK
June 25, 2002

CEO Study: In Days After the Boom, Many Execs Struggle To Deal With New Challenges

'Many become mired in no activity or the wrong activity and don't know where to turn,' says consultant Bill Johnson. 'The result can be the loss of the business.' So what's a CEO to do?

June 24, 2002

Cisco Chairman Sees Rebound Plus Growth in Home Broadband, Wireless

John Morgridge toes the company line in expressing cautious optimism. As for growth at Cisco's RTP campus? 'You tell me when the economy is going to turn, and I'll tell you what the plans are,' he says.

June 24, 2002

Coming Tuesday: Crisis in Leadership: The Challenges Facing CEOs

Bill Johnson, of Leadership & Innovation Associates, interviews CEOs about the challenges they face in a climate made worse by Enron and corporate scandals. Series begins Tuesday.

June 21, 2002

Numerical Design Ltd. Picks NetOctave Exec as First COO

David Brame says the 3D gaming software company will expand and continues search for capital. 'We are actually in the process of searching out funding, but felt that this position should be filled regardless,' Brame adds.

June 7, 2002

Growing Therapy Edge Is Cutting Through HIV Treatment Options

Two-year-old Triangle Pharmaceuticals spinout is getting its road show together and will seek a third venture round between $3 million and $5 million.

June 4, 2002

Raleigh Clinical Trials Firm Lands $11 Million in New Funding

INC Research, which focuses on oncology and central nervous system drugs, looks to expand into Europe and build its data management division. Crosspoint Venture leads round.

June 3, 2002

Reflecting Doldrums, SuperComm Invades Atlanta on Smaller Scale

Both attendance and exhibit space are down slightly as telecoms industry battles severe slump. And hopes of a rebound may be premature.

June 3, 2002

Venture Profile: Just as Its Name Indicates, Seraphim Partners Focuses on Angel Investments

Atlanta firm interested in wireless, multimedia, network software firms in and around Atlanta. Investments can reach $300,000.

May 28, 2002

Becton Dickinson BioVenture Center Gives Biotech Startups Room To Grow

RTP incubator counts Merix, Norak, StemCo, Serenex among its graduates. "They provided a very good setting for us to develop our company and get our feet under us," one former tenant says.

May 24, 2002

Triangle Company Provides Ready-Made Engineering Teams to Software Developers

TapRoot Systems matches its hand-picked teams to its big-time clients to provide outsourced development of embedded systems, knowledge and follow-up.

May 21, 2002

iReadyWorld Secures $6 Million in Funding, Expands Operations

Charlotte HQ expands, but new CEO Jeffrey Freemyer will stay in Atlanta to head up new business development office.

May 20, 2002

Network Security: Hardening Defenses Has To Be a Priority, not an Area To Cut Back

So far, we are losing the war on cyber crime. What can be done? Recommendations include hiring a hacker of your own -- and keeping anti-virus programs up to date.

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