Posts tagged “Local Firms”
Trending in the Triangle: Get the pulse of technology in the Triangle with the best in local technology, venture, biotech, and life science news on this first day of October as curated by @WRALTechWire.
The growth of the IoT industry will be big, quick, and profitable. However we're left with more questions than answers. What industries will see the fastest adoption of connected devices? What role does consumer adoption play in accelerating this growth? What are the positive and negative implications of a connected world where inanimate objects communicate with each other, as well as us humans? Check out this exclusive report for WRAL TechWire.
Red Hat is raising $700 million in new capital with $400 million of that targeted for a stock repurchase plan. The rest of the capital is to be set aside for possible acquisitions and other "general corporate practices," the company says.
Epic Games' "Gears of War 3" was hacked by a team of hackers known as the "Xbox Underground" and so were other firms as well as the U.S. Army, and two men pleaded guilty in the case on Tuesday.
President Obama's BRAIN Initiative - Brain Research through Advancing Innovative Neurotechnologies - second year kickoff includes three RTP connections: Funding from GlaxoSmithKline and research grants for teams at UNC-Chapel Hill as well as Duke.
TransEnterix, a developer of robotic and flexible instrument technology for use in surgery, has landed a loan worth up to $25 million. The deal provides "up to three quarters of additional capital to satisfy our operating cash requirements," says CEO.
Gerry Smith, who runs the Americas Group for Lenovo and will oversee the merged IBM-Lenovo System X business unit when the deal closes Wednesday, threw down a proverbial gauntlet to competitors on Monday. "The FUD spread by our competitors is over," he declares. Lenovo defied critics in buying IBM's PC business in 2005 and will do so again in servers, he promises.
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.
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.
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.
Internet security experts are warning that a new programming flaw known as the "Bash Bug" may pose a serious threat to computers and other devices such as home Internet routers. Even the systems used to run factory floors and power plants could be affected. So, is it time to panic? Here are some common questions and answers about the latest security scare.
Incubators, accelerators, oh my! Raleigh gets another with I-Labs at Sageworks. And the financial data analytics firm is hoping its investment will lead to new companies as well as more products. WRAL TechWire Insiders get the full story.