BLOOMFIELD HILLS ? The amount of venture capital invested in Michigan technology companies in the fourth quarter was nearly four times more than the same quarter of the previous year, and nearly six times more than was invested in the third quarter of 2004. For all of 2004, $148.1 million was invested in Michigan companies,
DETROIT - Compuware Corporation, bolstered by a 22.7 percent increase in software license fees, reported third quarter profits of 11 cents a share, some 5 cents better than Wall Street estimates. For the three months ended Dec. 31, Compuware reported revenues of $330.5 million, compared to $318.2 million in the previous year. Net income was
ANN ARBOR ? Just a reminder that the Annual Collaboration for Entrepreneurship, a loose collection of some of the state?s entrepreneurial-focused groups, will be held January 27 at the Washtenaw Community College Morris Lawrence Building. On hand will be the New Enterprise Forum, Ann Arbor IT Zone, EMU Center for Entrepreneurship, Michigan Small Business Technical
LANSING - Legislative Democrats, with the backing of Democratic Governor Jennifer Granholm, proposed on Monday the first increase in the state minimum wage since 1997. The move was immediately labeled a job killer by the Michigan Chamber of Commerce. The proposal would call for raising the state minimum wage from $5.15 per hour to $7.15
LANSING - Michigan's credit rating on its general obligation bonds has been downgraded by Moody's Investors Services, a reflection of the state's continued struggle with a poor economy. The company lowered the rating on the state from AA1 to AA2, meaning the firm now considers the state's overall risk as average for states. A number
SEATTLE ? A Romania-based security service provider said that a patch issued by Microsoft this month fails to resolve all of the security issues involving the ActiveX control in Windows, which could flood PCs with spyware. GeCad said that the patch has not addressed at least one weakness that could allow a hackers to exploit
DETROIT - Several engineering undergrads are planning to be the first students from Wayne State University to study in Puerto Rico next fall as part of a new student exchange program between the WSU College of Engineering and Polytechnic University of Puerto Rico in San Juan. The first group of Puerto Rican students to participate
GRAND RAPIDS ? Virtual Reality morphing into Our Reality, sensors reaching out to embrace nearly every product, Smart Clients imbuing intelligence into electronic devices, and entertainment everywhere were the picks this year for top tech trends by NuSoft Solutions President Keith Brophy. Brophy, the founder of SageStone Consulting, which he sold in December to NuSoft,
LANSING ? Gov. Jennifer Granholm?s ratings among small business owners has fallen sharply in the latest Small Business Association of Michigan?s Barometer survey. Thirty-nine percent of small business owners rated the governor?s performance as negative in a survey conducted in November and December. Fourteen percent gave Granholm a positive rating. Forty-six percent were neutral. In
SOUTHFIELD ? Seventh and eighth grade students from metropolitan Detroit are creating some very futuristic scenarios for how we will live with technology later this decade. They?ll be displaying their ideas on Jan. 27 as part of the Future City celebration of National Engineers Week. Some student-created scenarios include: Auto-navigating vehicles running on electromagnetic roads.