Who says there is nothing happening in high-tech these days? Anyone reading Local Tech Wire knows otherwise.

Venture deals. Mergers and acquisitions. Major deals in the life science sector. Changes in the executive suite. Layoffs. The return of Moog Music. And much more.

Each business day, LTW is bringing on average more than 10 stories to its readers and daily newsletter subscribers. This is our first “Week in Review,” designed in part to:

  • Serve as a recap of all the tech business news
  • Group that news into selected categories for those interested in tracking a particular sector, such as venture capital or life sciences/biotech
  • Demonstrate in one place the volume of news — including several exclusives and enterprise reporting not found anywhere else — that LTW’s network of writers reports.

As “Week in Review” grows, we’ll add additional features and a bit of commentary.


“You have to start lean and think lean.”– Neal Hunter, one of the founders of Cree.

“The fundamental rule of being a successful entrepreneur is you have to be hungry.” — Bob Young, one of the original Mad Hatters at Red Hat.

“I was a sufficient idiot that the bigger risk for me wasn’t starting a business but getting a real job.” – Young.

“Today was like going to a funeral. Only no one knew who was going to go down.”– MCI worker who wasn’t laid off Friday.

“You tell me when the economy is going to turn, and I’ll tell you what the plans are. When the economy turns around, particularly in the business segment – the consumer segment has remained robust over the past year, but what is not happening is business hasn’t kicked in in terms of making investments – we hope to continue building our presence here in RTP and the rest of the company as well.” -Cisco Chairman John Morgridge.


Grim News of the Week:

June 28: Black Friday at MCI: 20% of Cary Workforce Reportedly Laid Off: www.localtechwire.com/article.cfm?u=1224

June 27: ITC DeltaCom Files for Bankruptcy; Two Stockholders Invest $30M: www.localtechwire.com/article.cfm?u=1203

In other news:

June 28: High-Speed Regional POP Debuts in Winston-Salem:


Going Public:

June 28: Pharmaceutical Services Company Inveresk Raises $156 Million in IPO: www.localtechwire.com/article.cfm?u=1220

In other news:

June 28: Forest Biotechnology Institute Finds Some Green — as in Dollars: www.localtechwire.com/article.cfm?u=1218

June 28: Incara Submits Liver Cell IND: www.localtechwire.com/article.cfm?u=1221

June 27: PPD Acquires Asian-Based CRO: www.localtechwire.com/article.cfm?u=1215

June 25: Norak Inks Milestone Licensing Deal With AstraZeneca: www.localtechwire.com/article.cfm?u=1194

June 27: Norak Strikes Again, Signing Agreement With Q3DM: www.localtechwire.com/article.cfm?u=1210

June 27: LabCorp Pays Millions for Rights to DNA-Based Cancer Test: www.localtechwire.com/article.cfm?u=1209

June 27: aaiPharma Gets $7.7M in Drug Development Deal:www.localtechwire.com/article.cfm?u=1205

June 27: CRO Celeris, Which Has RTP Office, Is Sold to Michigan Firm: www.localtechwire.com/article.cfm?u=1204

June 26: Scynexis Signs Research Deal With Merck To Develop Drugs:www.localtechwire.com/article.cfm?u=1200

June 26: PPD Takes $3.6M Stake in New Jersey Biotech: www.localtechwire.com/article.cfm?u=1197

June 24: High Point Pharma Strikes Drug Research Deal: www.localtechwire.com/article.cfm?u=1173


June 26: Funding 101: Entrepreneurs Get Advice on How To Win VC Support:www.localtechwire.com/article.cfm?u=1196

June 25: Digital Medical Records Firm Gets Seed Investment: www.localtechwire.com/article.cfm?u=1187

June 25: Picture This: Online Processor of Digital Photos Nabs $4 Million in Venture Funding: www.localtechwire.com/article.cfm?u=1186

June 24: Trinity Convergence Strikes a Deal for $1 Million Loan: www.localtechwire.com/article.cfm?u=1175


Executive Q&A:

June 25: Cisco Chairman Sees Rebound Plus Growth in Home Broadband, Wireless: www.localtechwire.com/article.cfm?u=1182

On Management:

June 27: Secret to Success? Cree, Red Hat Founders Insist It’s Not Just Brains: www.localtechwire.com/article.cfm?u=1208

June 24: The 10 Demands of Board Members — How Enron Should Affect Corporate Governance: www.localtechwire.com/article.cfm?u=1163

Challenges Facing CEOs:

June 25: CEO Study: In Days After the Boom, Many Execs Struggle To Deal With New Challenges: www.localtechwire.com/article.cfm?u=1183

June 26: How Can a CEO Boost Organizational Performance? It’s More Than Streamlining: www.localtechwire.com/article.cfm?u=1195

June 27: The CEO Challenge: How They Think Is Fundamental to Success, and ‘Systems Thinking’ Can Help:

Mergers, Acquisitions, Corporate Actions:

June 27: AppGate Shuffles Offices, Moving Headquarters to California: www.localtechwire.com/article.cfm?u=1206

June 26: SciQuest Makes Third Acquisition This Year in All-Stock Deal: www.localtechwire.com/article.cfm?u=1201

June 26: LendingTree Makes Move into Auto Loans With Kelley Blue Book: www.localtechwire.com/article.cfm?u=1199

June 26: Elogex Wins Big Supply Chain Contract: www.localtechwire.com/article.cfm?u=1198

June 25: BLAST, EMJ Internet Merge To Form Blast Internet Services: www.localtechwire.com/article.cfm?u=1190

June 24: Computer News Group Closes — Another Piece of RTP History Disappears: www.localtechwire.com/article.cfm?u=1170

On the Move:

June 27: CED Elects New Board, Names E&Y Partner Les Bethune as Chairman-Elect: www.localtechwire.com/article.cfm?u=1216

June 27: Columbia Software Firm Names COO:www.localtechwire.com/article.cfm?u=1214

June 27: Software Firm LIS Names a New CEO: www.localtechwire.com/article.cfm?u=1213

June 25: Yellowbrick Solutions Names Another New CEO:www.localtechwire.com/article.cfm?u=1184

June 25: Nobex Promotes Exec Following GSK Deal: www.localtechwire.com/article.cfm?u=1185

June 25: ISS Exec Joins Venture Firm: www.localtechwire.com/article.cfm?u=1191


June 24: Vultures Are Starting To Circle Decaying Tech Companies:

June 24: ‘Breaking Glass’ – Girl ‘Geeks’ in Charlotte Find Support at ‘WebGrrls’: www.localtechwire.com/article.cfm?u=1169

June 28: Political Campaigns and the Internet: We’ll Let You Know. Someday. Maybe. www.localtechwire.com/article.cfm?u=1217


June 28: IDC Ranks IBM First in Systems Operations Software: www.localtechwire.com/article.cfm?u=1222

June 27: Titan Systems To Integrate Level 8 Software: www.localtechwire.com/article.cfm?u=1212

June 25: Alphanumeric Wins Novell ‘Cool Solutions’ Contest: www.localtechwire.com/article.cfm?u=1192

June 25: MediaSpan Showcases New Products at NEXPO: www.localtechwire.com/article.cfm?u=1193

June 25: LVL7 Software Incorporated into More Network Processors: www.localtechwire.com/article.cfm?u=1181

June 25: Scientific Atlanta Unveils New Video-on-Demand Server: www.localtechwire.com/article.cfm?u=1180

June 24: SAS Rolls Out New Version of Financial Management Tool: www.localtechwire.com/article.cfm?u=1166

June 24: Scientific Atlanta On-Demand Device Tops 1M in Sales:


June 27: Sprint PCS Exec To Address Conference: www.localtechwire.com/article.cfm?u=1211

June 25: Digital Broadband Starts Subsidiary in Charlotte, To Seek Acquistions: www.localtechwire.com/article.cfm?u=1189

June 24: IBM Launches Site Geared to Women Small Business Owners: www.localtechwire.com/article.cfm?u=1167

June 24: Have Questions About Broadband? Check Out HighSpeed101: www.localtechwire.com/article.cfm?u=1165

June 24: Georgia Firm Offers New Fax Voice IP Product: www.localtechwire.com/article.cfm?u=1177

June 24: S1 in Atlanta Wins Big Bank as Online Customer: www.localtechwire.com/article.cfm?u=1178


June 28: The Mountains Are Alive – With the Sound of Moog Music: