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Posts tagged “MCNC”

August 5, 2002

Premium Lock A Slow Week on the VC Front Includes One Subtraction, One Addition

Sense Technologies loses out on $4M deal after Nasdaq listing appeal is denied. Otherwise, investing front is quiet - at least publicly - other than one small deal in North Carolina.

August 5, 2002

Premium Lock LVL7 Deal a Sign of Things To Come? NC Deals on the Way

Although no NC firms closed on venture rounds last week, LVL7 says it will bring in $10M sometime in September. And LTW hears other deals are closed and will be announced shortly.

August 1, 2002

Premium Lock Troubled JDS Uniphase Sells Cronos for Fraction of Origial Price

MCNC spinoff unit sold to French firm for less than $9M in stock. JDS had paid $565M for Cronos. Also, numerous layoffs are expected at RTP plant.

Tags: Layoffs, MCNC
July 29, 2002

Premium Lock Doin' Deals: Southeast Firms Continue to Rake in Venture Cash

Through July, technology companies in the Carolinas and Georgia have pulled in $566 million in more than 70 deals.

July 29, 2002

Premium Lock Not So Well Heeled: VC Deals Lag in NC

Venture capital firms have invested close to $200 million in 35 tech companies in North Carolina so far this year.

June 30, 2002

Premium Lock Carolinas, Georgia Firms on Pace for $1 Billion in VC

Through the first half of 2002, 63 technology companies in North and South Carolina and Georgia have pulled in $528 million in venture capital.

June 30, 2002

Premium Lock N.C. Firms Bring In $168 Million in VC Through June

Venture firms have poured $168 million into 28 Tar Heel technology companies during the first half of the year.

June 27, 2002

Premium Lock Secret to Success? Cree, Red Hat Founders Insist It's Not Just Brains

Neal Hunter and Bob Young - the driving forces behind two successful tech companies - ridicule their own intelligence while offering tips to entrepreneurs. Stay focused on serving the customer and conserving resources, they say.

June 18, 2002

Premium Lock Charlotte Entrepreneur Dave Rizzo Tapped to Lead MCNC Through Split

Three months after selling his IT company, Rizzo is asked by a longtime business associate to take charge of the new R&D venture being created by splitting MCNC. Dunning will continue to head up supercomputing operations.

Tags: IBM, India, MCNC
June 17, 2002

Premium Lock Dave Rizzo Named MCNC President

Former owner of Osprey Systems and NCEITA president to head transition and division of MCNC into separate units.

Tags: MCNC
June 17, 2002

Premium Lock Entrepreneurs, Startups Draw $484 Million in Venture Capital in Georgia, Carolinas

<b>LTW exclusive:</b> 59 venture deals in a tight market have generated $484 million so far this year. Most money goes to Georgia firms.

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