Posts tagged “Other Firms”
Life in the Triangle is about to get faster - at least online. Google officials confirmed Tuesday that Raleigh, Durham, Chapel Hill, Cary, Morrisville, Garner and Carrboro are among the latest U.S. cities to be outfitted with Google Fiber, which promises Internet speeds 100 times faster than existing connections and a high-definition television service. Charlotte also is on the Google expansion list.
Apple's blowout quarter; ChannelAdvisor adds Jet; AT&T revenue up 4%; BDSI to relaunch pain drug; Snapchat's media deal
In today's Bulldog wrapup of technology and life science news: Apple reports a blowout quarter; ChannelAdvisor adds new service; AT&T grows revenue but books $4B loss; BDSI to relaunch pain treatment; Sanpchat to show media news.
Workers at IBM are telling the Alliance@IBM union that layoffs as part of what Big Blue calls a "resource action" are set to begin Wednesday. IBM confirmed Monday plans to cut thousands of jobs, having set aside some $600 million to cover the cost of a restructuring.
AT&T is planning to take on Frontier Communications in Durham County with a fiber network. And now, so is Google Fiber. But the top executive with Frontier in North Carolina says his company's network is already digging in, winning customers, and is seeing "tremendous response" from customers.
AT&T has a head start on Google Fiber, which announced today plans to build its own ultrafast Internet network in the Triangle. AT&T already is laying fiber and selling access where available to its U-verse with GigaPower network and is building the N.C. Next Generation Network. And the company says it welcomes Google Fiber to the Triangle.
Google will host a press conference to discuss "what's in store for our community" in Raleigh on Tuesday afternoon. The Wall Street Journal says the Triangle and three other cities will be announced as Google Fiber expansion sites.
Like a pendulum, world media jumped on a report that IBM was cutting some 26 percent - or more than 100,000 jobs. Then IBM issued a sharply worded denial. The media responded, widely reporting that news. But the fact remains: IBM acknowledged that a lot of jobs will be lost in a restructuring but Big Blue also is on a hiring binge.
The latest earnings report is in, and it shows that Microsoft is succeeding in navigating the change in IT consumption models, writes Kelsey Mason of Technology Business Research. WTW Insiders get the full story.
Business NC sold; FDA fast-tracks BioCryst drug; Uber caps storm prices; Microsoft earnings don't excite;
In today's wrapup of technology and life science news: Business North Carolina magazine is sold; FDA fast-tracks a Biocryst drug; Uber caps pricing during big storm; and Microsoft's earnings don't excite the markets.
IBM calls a report that it's cutting 100,000 jobs "ridiculous." However, the company does confirm it is cutting jobs. "This rumor is ridiculous, and off by a factor of more than 10," says IBM's director of corporate communications. He also notes IBM is hiring.
IBM is undergoing a major internal restructuring as Chair and CEO Ginny Rometty tries to reverse nearly three years of dwindling returns. But is Big Blue really going to cut as many as 100,000 jobs as has been reported over the weekend? Not even the Alliance@IBM is buying in completely to the story.
In today's Bulldog wrapup of technology news: Duke professor likes the new bitcoin exchange launching today; Apple's HomeKit faces delays; AT&T makes another wireless buy in Mexico; NFL, YouTube strike highlights deal.
Google Fiber is coming to the Triangle, industry sources say, and construction could begin as early as April. A formal announcement might come as early as next week at Google events in Raleigh and Durham, but the company won't say what those events are about.
After years of lobbying now, Triangle residents and leaders may get their wish next week: Google Fiber. A "save the date" notice sent out by Google's Triangle media representatives promises news of some sort next week.
GSK layoffs in China?; Lenovo-Xiamoi showdown; NC wind energy study; China blocks VPNs; Box prices IPO; Uber woes; Verizon loss
In today's Bulldog wrapup: GSK reportedly will lay off 1,000 in China; Lenovo takes on Xiaomi with own cheap smartphone in India; feds seek public input on coastal NC wind energy study; China shutting down virtual private networks; Box prices its IPO; Denmark may ban Uber; and Verizon reports a quarterly loss.
SpaceX has raised $1 billion from Google and Fidelity in a deal that values the spaceship manufacturer at about $10 billion. Founded by Elon Musk, SpaceX also wants to deliver Internet access from space. But there could be a problem with the strategy.
An analyst at Morningstar tells financial news website Benzinga that there are rumors IBM may split. But he also says such a move, which HP already is doing in preparing to spin off its PC division, would be "challenging."