Posts tagged “Local Firms”
Ziptronix, a semiconductor firm spun off from RTI International which raised more than $30 million over the years in venture capital, has been sold to a Silicon Valley firm for $39 million. The RTP company has been a pioneer in development of 3-D chip technology.
Jay Parker, one of the most familiar faces among Lenovo's executive leadership in North Carolina, has left the company, WRAL TechWire has confirmed. At one time Parker was head of Lenovo's North American operations.
Rick Osterlog, the president of Motorola, will be the leader of Lenovo's smartphone businesses under a reorganization plan the global tech giant says. However, the company will maintain two brands and Lenovo executive Chen Xudong remains leader of the Lenovo Mobile Business Group.
Lenovo is wasting little time in moving ahead with a formal reorganization of its smartphone efforts. In reports from Asia, Lenovo executives say the global tech giant is betting its phone efforts on Motorola with that group now taking over design and production. But there still may be a Lenovo brand afterall. Lenovo's ZUK line apparently remains independent.
Chen Xudong, the recently named head of Lenovo's mobile group, uses his personal blog to make the case for the changes he's making. One company but apparently two brands. A focus on quality, not price. Regaining trust. An emphasis on an "imperative" of "three things." He asks for patience, says he is "convinced" Lenovo "has a chance to win" what he calls the "smartphone crowded market melee." Our WTW Insiders get the full story.
Wall Street's big stock rally on Wednesday helps the world's billionaires snap a money losing streak, according to Bloomberg Billionaires. That rebound includes Cary's Jim Goodnight, who regains more than $200 million of his fortune. Meanwhile, Triangle stocks rebound as well led by Red Hat.
Cliff Bleszinski's first game apart from Epic: It's 'LawBreakers.' Here's the video trailer just published on Wednesday: "The Shattering changed everything -- forever. Witness the worldwide premiere trailer of LawBreakers, the highly-anticipated debut FPS from Cliff Bleszinski & Boss Key Productions."
If you have wondered why Lenovo has cut jobs in its RTP-based x86 server business this year, some proof can be found in the latest global server sales statistics from IDC. New numbers from Gartner are similar. Yes, Lenovo revenues and share jumped tremendously after buying IBM's x86 business last year, but the growth didn't match the revenues and share IBM shed. Meanwhile, there's good enws for Cisco.
Innovation at Red Hat earns the Raleigh-based open source software and services firm the No. 26 spot on the 2015 Forbes "World's Most Innovative Companies" list. Who's No. 1? Tesla. There are a few other Triangle connections, too.
Monday's maniacal trading led to huge losses around the world's stock exchanges - and billionaires along with the common folk took big hits. Among the top losers? Jim Goodnight of SAS, whose fortune dwindled by $377.5 million, according to Bloomberg News' estimates.
CEOs at private companies seldom - if ever - openly disclose revenues and profits. But each year thousands open the books hoping to make the Inc. 500/5000 list of fastest-growing private companies. And the latest list offers interesting insight into some of the Triangle's prize up-and-comers.
On what's being called "Manic Monday" with the Dow and Nasdaq plunging before recovering then dropping again, Durham's Cree and Novozymes, which has a big presence in Franklinton, bucked the selloff. Take at look at the WRAL TechWire "30" for a snapshot of Triangle tech and life science stocks.
CFOs and CEOs across America have complained about a stronger U.S. dollar creating "headwinds" this year. But another factor is hurting them big time now, both in the pocketbook and in doing business: The stock market plunge in China. Among those tech execs suffering big time is Jim Goodnight of SAS, according to Bloomberg news.
Cliff Bleszinski, the creative force who helped make Epic Games a world leader in gaming, is on the verge of unveiling the first title for his own company, Boss Key. And Cliff is promising fireworks at "The Shattering." The first tease is out: A brief video.
Triangle tech calendar: Raleigh Startup Crawl, Innovate Raleigh, Jim Whitehurst, WTW's Internet of Things
August wraps with a bang - Jim Whitehurst of Red Hat's leadership talk - then September brings a host of events: Innovate Raleigh, the Startup Crawl, CED's Tech Venture, WRAL TechWire's Internet of Things event - and much more. Check out the highlights.
So Raleigh's Sprout Pharmaceuticals sells itself for $1 billion plus royalties in the future within 48 hours of winning approval for its "little pink pill" - is this a Jackie and the beanstalk story with success sprouting overnight? By the way, initial reaction on Wall Street to Valeant's buy is very negative.
GlaxoSmithKline has struck another major deal with Novartis. This time the drug giants are teaming up for a deal worth more than $1 billion plus royalties to GSK for an experimental multiple sclerosis drug. The deal will help GSK focus on other priorities, a top executive says.
- Calm on Wall Street: A turbulent week ends on a placid note
- Fed vice chair in spotlight as markets seek rate hike clues
- Survey: Plunging stock prices hit US consumer sentiment
- Program offers incentives for employers willing to train new workers
- Q&A about this week's market turmoil in China and beyond