Posts tagged “Local Firms”
Apple-IBM apps for Watch go enterprise IT; Uber loses in France; FAA apps target delays; PayPal going mobile; PowerSecure solar at Cree
In today's Bulldog wrapup of technology news: Apple and IBM unveil enterprise apps for the Watch; Uber loses legal case in France; PayPal is going mobile; the FAA hopes apps will fight flight delays; and PowerSecure teams with Cree for a solar project in Durham.
HP sells China server unit; Peak 10 grows in Triangle; Time Warner Cable back in play?; Spotify expands; PayPal's $25M fine
In today's Bulldog wrapup of technology news: HP is selling its server business in China; Peak 10 expands in the Triangle; will Altice buy Time Warner Cable?; Spotify adds more services; and PayPal pays $25 million settlement.
Lenovo, its income driven up 20 percent over the past year due in part to $5 billion in acquisitions, didn't deliver on the amount of profit financial analysts had forecast in its annual financial report issued early Thursday.
If only one thing has become clear to most observers about Lenovo's top executive Yang Yuanqing since the company bought IBM's PC business a decade ago, it's this: He's always on the attack, looking to grow the world's No. 1 PC manufacturer. His new target of opportunity: What he calls the "social mobile Internet." And that means continuing change for the company, which already has diversified into a global powerhouse.
Where there is smoke is there fire when it comes to rumors that Pfizer might try to buy troubled GlaxoSmithKline? A Wall Street analyst is the latest to speculate that a mega merger could be in the works.
Cree plans to split into two companies, disclosing plans Monday to spin off its profitable power and radio frequency chip business. It already has hired an executive to serve as CEO - Triangle tech veteran Frank Plastina. The move will help current Cree management to focus on its LED business while at the same time generating capital for the power and RF subsidiary, the company says. Wall Street immediately sent Cree shares up 4 percent.
Cree could very well cash in on the proposed spin-off of its Power and RF (radio frequency) businesses. While the group makes up only 6 percent of Cree's annual revenues, its products have a high gross profit margin. And Cree's top exec recently predicted continued growth while LEDs face challenges.
BlackGirls Code, Bandwidth hackathon, Triangle Startup Weekend TrailBlazers, Internet Summer Social highlight upcoming tech calendar
WTW is expanding its weekly calendar. Why? Because more people than ever are looking for information and organizers are submitting an ever-increasing number of events. So be sure to check each Monday for the latest event update. WTW has details on four recent additions to the Triangle's always busy technology events calendar: BlackGirls Code chapter launch; a Bandwidth.com hosted hackathon, the next Triangle Startup Weekend event, and an International Summer Social from the Organization of Women in International Trade.
Jim Whitehurst, CEO of Raleigh-based Red Hat, is now an author, too. His book, "The Open Organization," is due in stores on June 2. So why did he take time out of a busy schedule running the world's leading open-source Linux software and services firm to write?
The world of "cloud computing" has been hit by another serious security vulnerability called "Venom." Raleigh-based Red Hat warns that "all" of its products that include a particular open source tool are vulnerable.
Quintiles buying $250M in investor shares; BioCryst drug trial; AT&T-Hulu deal; new Leovo phones; Tumblr vs. bullying
In today's Bulldog wrapup of technology and life science news: Quintiles is buying back $250 million in stock as investors sell shares; BioCryst prepares for new drug trial; AT&T makes a deal with Hulu; Lenovo is unveiling new phones in China; and Tumblr targets bullying.
Lenovo is putting on a star-studded "Tech World" event in Beijing later this month with the CEOs of Intel, Microsoft and Baidu delivering keynote addresses along with Lenovo chair and CEO Yang Yuanqing.
Samsung's 'smart' push; Square 1 exec changes; ChannelAdvisor layoffs; honoring Sagan; liquid biopsies
In today's Bulldog wrapup of technology and life science news: Samsung launches a new push into "smart" devices; executive changes at Square 1 Bank; ChannelAdvisor confirms layoffs; honoring Carl Sagan; and new liquid biopsies could transform cancer treatment.
Drug giant GlaxoSmithKline is teaming up with the University of North Carolina at Chapel Hill in an attempt to find a cure for AIDS. The two will form a new company called Qura Therapeutics and will launch an "HIV Cure Center" in Chapel Hill. GSK is committing $20 million over the next five years to fund the project.
Durham-based Chimerix could earn as much as $435 million under a federal contract for its smallpox drug if a 5-year contract is awarded as expected, the firm said Monday.
Lenovo confirms that it is cutting jobs in its x86 server business with 235 people being told Monday they were being laid off. Of those, 155 are based in the Triangle, a company spokesperson says. Lenovo only cut jobs in the U.S. Some contractors also were let go.
Consumer Reports notes that Lenovo's award-winning, "superlight" coveraible laptop LaVie Z is being shipped with "some flaws." Buyers are being offered a 5 percent discount. The laptop was a huge hit at the Consumer Electronics Show in January.