Lilly Rockwell: Tech Capital

After patient deaths, Austin’s Apollo Endosurgery involved in FDA investigation

After five people died since January 2016 following surgery to insert an inflatable balloon into their stomachs to treat obesity, the U.S. Food and Drug Administration is investigating whether that medical device is to blame for their deaths.  Included...

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Austin biotech firm Molecular Templates raises $60 million, goes public

Austin-based biotechnology firm Molecular Templates is now a publicly traded company, thanks to a reverse-merger with California-based Threshold Pharmaceuticals. The company now trades under the stock ticker “MTEM” on the Nasdaq stock exchange. It’s...

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Critics call on Michael Dell to leave Trump advisory council

Pressure is mounting on Dell Technologies founder and CEO Michael Dell to resign from a manufacturing council that advises President Donald Trump. Over the past two days, four chief executives have resigned Trump advisory panels in protest over his...

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Open Source

The robots are coming! Pending Austin City Council approval, that is.

When movies like “Blade Runner” depict a dystopian, advanced civilization in which robots threaten the survival of humanity, viewers are usually offered only the briefest glimpses into how humans got themselves in such a mess to begin with.  In the...

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Is it the Trump effect? A new report finds tech companies are showing less interest in hiring foreign workers

Since his inauguration in January, President Donald Trump has wasted no time taking steps toward fulfilling a campaign promise to enact tougher immigration measures.  The tech industry has come out against Trump’s immigration stances, particularly...

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Are tech companies hiring fewer foreign workers because of Trump?

Since his inauguration in January, President Donald Trump has wasted no time taking steps toward fulfilling one of his campaign promises: to enact tougher immigration measures in order to preserve more jobs for Americans. The tech industry has come...

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Austin startup Roomify helps hook up college students with dorm supplies

The idea for Roomify started, of course, with going to college. Shanil Wazirali and Sagar Hemani were attending different colleges but each had trouble furnishing their dorm rooms.  “We went through the struggle of making multiple trips to stores...

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AMD’s biggest investor is selling 40 million shares of the company

Advanced Micro Devices’ largest shareholder sold off 40 million shares of the company on Friday.  Based on the closing price of AMD on Thursday, this means Abu Dhabi-based Mubadala Investment Co. made $529.6 million off the sale.  AMD’s stock price...

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Open Source

Quiz: How well do you know Austin tech offices?

The 512tech team has seen its share of Austin tech offices, and after a while, they all start to look alike.  Tech companies big and small have embraced the open-office layout, with exposed ductwork and playful colors and furnishings. It’s the stainless...

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Investors shrug as Cirrus Logic reports higher sales, profit

When Apple Inc. forecasts higher sales, that usually bodes well for Cirrus Logic. That’s because the Austin chipmaker supplies audio and voice chips for Apple’s iPhone. Apple on Tuesday reported better-than-expected sales and profit, and forecast...

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