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RDA Micro IPO raises $67.5 million
NEW YORK — Shanghai-based RDA Microelectronics says its initial public offering of 7.5 million shares raised $67.5 million. RDA Microelectronics Inc. said Wednesday that its American Depositary shares priced at $9. This is slightly below the midpoint of their planned price range of $8.50 and $10.50. RDA designs chips that help smart phones, MP3 players […]
Baltimore one of IBM’s Smarter Cities
BALTIMORE — Baltimore is one of IBM’s Smarter Cities. The computer giant says Baltimore is one of up to 100 cities it plans to help better use technology and information over the next three years in a $50 million grant program. Besides Baltimore, IBM says cities it is working with include Austin, Texas; Rio de […]
Microsoft sues Motorola over smart phone patents
REDMOND, Wash. — Microsoft Corp. is suing Motorola Inc. for infringing on its smart-phone patents. The software maker on Friday said Motorola phones that use Google Inc.’s Android software step on Microsoft technology. The functions in question include synchronizing e-mail, calendars and contacts. Microsoft filed its lawsuit in the U.S. District Court for the Western […]
Discovery Group makes offer for all Tessco stock at $15.50
Shares of Hunt Valley-based Tessco Technologies Inc. jumped 23 percent Thursday on news that its largest shareholder wants to buy all of the company’s stock. On Wednesday, Discovery Group Holding Company LLC, a Chicago-based investment firm, sent a letter to Tessco’s management conveying its interest in buying all remaining shares of the company for $15.50 […]
Highway deaths fall to lowest level since 1950
WASHINGTON — Traffic deaths have plummeted across the United States to levels not seen in more than a half-century, spurred by technology, safety-conscious drivers and tougher enforcement of drunken driving laws. The Transportation Department said Thursday that traffic deaths fell 9.7 percent in 2009 to 33,808, the lowest number since 1950. In 2008, an estimated […]
Control of Md. tech fund debated
A renewed effort to pump $100 million into small, high-tech Maryland companies could meet resistance on the same point that held up similar legislation in the spring — deciding who gets to control that big pot of money. The Department of Business and Economic Development is crafting a bill for the 2011 General Assembly session […]
