Lilly Rockwell: Tech Capital

Open Source

Dell reports sales of $19.3 billion in company’s 2nd quarter

On the anniversary of its purchase of data storage giant EMC Corp., Dell Technologies on Thursday reported sales of $19.3 billion for its fiscal second quarter.  The company’s revenue grew 8 percent from the previous quarter.  The sales growth was...

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Open Source

An Austin-made app proved crucial to Harvey rescuers

An app that provided a crucial communication link between citizen rescuers and Houston residents stranded by rising floodwaters is made by a little-known Austin company called Zello.  Zello’s smartphone app essentially acts like a walkie talkie, allowing...

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As vinyl’s popularity surges, a record-making plant gets set to open in Austin

It’s the type of business idea that provokes skeptical reactions.  Really? You want to make vinyl records? In 2017? Caren Kelleher says she isn’t too troubled by the skeptics, because the former band manager, who also worked at Google, knows more...

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Displaced by the storm, Harvey evacuees finding refuge in Austin homes

Kimberly Walters grew antsy Sunday in a Dallas hotel room as Harvey began its deadly assault on Texas.  Walters -- a high school assistant principal from suburban Houston -- was anxious about the steep personal expenses her family would be to escape...

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UPDATED: Tech companies step in to help Harvey’s victims

UPDATED at 5:30 p.m. August 30: In a memo to employees, Apple CEO Tim Cook said that the company has so far donated $3 million to Hurricane Harvey relief efforts. Apple had previously pledged $2 million to the American Red Cross over the weekend...

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Open Source

Hey, college students: Here are your must-download apps for navigating life in Austin area

In Austin, there’s always an app for that.  As thousands of college students descend upon Central Texas this week, we’ve put together a guide of must-download apps for students. This app guide is meant for college freshmen or transfer students who...

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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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