Posts tagged “Local Firms”
A group of startups focusing on virtual reality known as RTP Virtual Reality is teaming up with the American Underground for a series of demos to demonstrate what has been touted as the next wave in interactive entertainment. Several Triangle firms already are making plays in the VR space.
With robots, more automation and the rise of cognitive computing being predicted to erase hundreds of thousands of jobs in North Carolina over the next generation, a new report predicts growing job demand in one area: Analytics. Companies need hundreds of thousands of data scientists and data managers as they broaden use of analytics across the enterprise. At Cisco, the search is on for internal talent.
Quintiles reports quarterly earnings that top Wall Street expectations, and the business pipeline has CEO Tom Pike upbeat. "We believe we are well-positioned for the long-term with our $12.04 billion of backlog," he says.
The former CEO and CFO of Salix Pharmaceuticals, which was sold to Valeant Pharmaceuticals for more than $11 billion a year ago, are being investigated by the SEC, according to the Reuters news service.
Chimerix, which has a contract potentially worth more than $400 million in the development of a first vaccine targeting smallpox, reports progress in development of an antiviral. In recent tests, its brincidofovir successfully treated 100 percent of animals infected with rabbitpox.
Lenovo won't be running a multi-million-dollar ad Sunday night, but the world's No. 1 PC manufacturer is the NFL's "official computer provider" and thus will be a major technology player in Super Bowl 50's delivery. For example, if a player is injured a Lenovo Workstation will be used to help analyze what happened. And there's much more as the NFL notes in a case study.
Ecommerce services provider ChannelAdvisor's CEO David Spitz delivers a spirited pep talk to Wall Street analysts after the Triangle born-and-grown to IPO company grew revenues 21 percent in 2015. After a shift in focus to larger companies, a retooling of the firm's sales force and with an acquisition paying off, Spitz is very bullish entering 2016.
In observance of Feb. 4 as "World Cancer Day," Terry Murdock, the head of the Oncology Center of Excellence at Quintiles, writes in a blog that "there is much to celebrate" this year in the fight against cancer.
Driven by increased sales globally, a surge in new customers and a near 10 percent increase in R&D spending to develop new products, Cary-based SAS set a record for revenue in 2015 at $3.16 billion. Revenues grew 2.3 percent despite a strong U.S. dollar as the privately held firm also stretched its streak of never losing money. The good news means SAS is adding jobs.
Lenovo, which is fighting a global downward trend in PC sales and has seen its smartphone sales fall sharply, is taking a beating in the stock market today after reporting an 8 percent drop in revenues for 2015's year-ending quarter. Layoffs and cost-cutting helped improve profits, however, the company notes.
Analysis: Lenovo disclosed revenues today that fell below analysts' expectations, triggering an 11 percent drop in its stock. But the company did report a bigger-than-expected profit, something the world's No. 1 PC seller attributed largely to cost cuts. So what's happening to Lenovo? Our Insiders get an in-depth analysis.
British-based drugmaker GlaxoSmithKline (NYSE: GSK) posted a loss of $616 million for the fourth quarter of 2015 - compared with a profit of over $1 for the same period a year earlier- as the company moved to integrate new businesses. Its top exec says GSK is making progress.
GlaxoSmithKline, which is under growing investor pressure to improve its financials, is investing alongside Johnson & Johnson in another startup fund. For the second time in a week, GSK moves to back new and emerging ventures in hopes of driving future growth.
Tablet sales plunged more than 10 percent in 2015, including a 14 percent drop in the fourth quarter. But sales of "detachables" - on which Lenovo is betting heavily - are a bright spot, according to research firm IDC.