WRAL Tech Wire

Motricity's new chair; ex-Nortel CEO's defense; Sssh - Red Hat joins OpenStack; Qualcomm soars; LivingSocial loses $538M; Kincect for PCs; Cisco exec bolts

Inside the Bulldog blog: Motricity, which has an office in Morrisville, has a new chairman; Nortel fraud trial continues; Red Hat 'quietly' joins cloud code group; Qualcomm stock is at a 12-year high; Amazon says LivingSocial is losing big; Microsoft launches Kinect for Windows; Cisco video exec joins a rival.

Cree moves work; Motricity restructures; Nortel fraud case 'baseless;' AT&T gouging?; debating Internet law

In the Bulldog: Cree shifts work from Triangle to Wisconsin; Motricity abandons Asia, Triangale impact unclear; Nortel charges 'baseless;' are AT&T data price hike justified?; Internet piracy law 'dangerous.

Motricity lands $20M loan from investor Carl Icahn

The struggling mobile Internet services provider, which has an office in Durham, replaced Ryan Wuerch as CEO last month.

Triangle tech duo establishes $100,000 fund for NC School of Science and Math

Jud Bowman and Taylor Brockman, who launched what evolved into mobile technology firm Motricity while juniors at the Durham school, hope to inspire other students with annual grants.

Taylor Brockman, left, and Jud Bowman

Wuerch out as CEO at Motricity, gets $450K in severance

The mobile data solutions and services provider, which still has an office in Durham, says Ryan Wuerch and the company agreed to terminate his employment. Wuerch also loses his board seat.

Management purge widens at Motricity - 2 more execs out

The mobile advertising and services firm that once was based in Durham discloses in an SEC filing that its general counsel and a senior marketing officer have been "terminated."

Motricity's former Durham office

Meltdown at Motricity - Shares plummet 59%

Despite assurances from CEO Ryan Wuerch, the mobile applications firm that once was based in Durham, is rocked by a stock dump after reporting quarterly losses and projecting current quarter revenue that was worse than Wall Street expected. Motricity shares have plummeted from $30 to under $2 since December.

Motricity's former Durham office

Motricity opens India data center; Red Hat 'shoots for clouds;' IBM going all in on the cloud?; startup a threat to Cisco; prepaid smartphone can be a bargain

Mad Money's rant rocks Motricity shares

The mobile phone technology firm's stock fell 6 percent Tuesday after CNBC's Jim Cramer labeled it a "disaster." But Motricity shares were already hurting.

Mad Money host turns on Motricity, calls it a 'disaster'

Jim Cramer uses his CNBC show as a platform to unleash a stock analyst's broadside on the mobile phone technology company that used to be based in Durham and CEO Ryan Wuerch.

Ryan Wuerch, left, and Jim Cramer

Motricity's CEO talks some 'Mad Money'

Jim Cramer, host of the CNBC program , interviews Ryan Wuerch about Motricity and the latest trends in the wireless industry.

Ryan Wuerch, left, and Jim Cramer

Motricity shares take a 25% pounding after cutting revenue forecast

The provider of mobile data services, which has an operation in Durham, reduces quarterly expectations but does predict a big jump in annual revenue.

Motricity to buy mobile services firm for $100M

The provider of services for mobile communications firms which operates an office in Durham is paying cash and stock for Toronto-based Adenyo.

Motricity withdraws plans for $192M stock offering

Billionaire Carl Icahn, the largest shareholder in the mobile data services provider, doesn't want to sell shares.

‘Mad Money’ proclaims Motricity a ‘fantastic story,’ backs its stock

Jim Cramer calls the former Durham-based company’s stock a “great speculative buy, buy, buy.”