Word: start-up
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...George Pachikov, a well-known Russian tech pioneer, has moved the headquarters of his company, ParallelGraphics (www.parallelgraphics.com), to Ireland and hired a local as ceo. The company traces its origins to 1988 and a Russian software start-up called Paragraph. It was among the first to develop handwriting recognition and digital ink technologies, which were licensed by Apple for the Newton and are now used in many new-generation personal digital assistants. Briefly owned by Silicon Graphics, the 3-D business was bought back by Pachikov and relaunched as ParallelGraphics, now one of the top 10 Russian software exporters...
...jabbing at his sushi and coolly dissecting the fate of the industry. "Some will get bought, some will go broke," he predicts. "It will all be happening in the next nine months." A former venture capitalist, Mao engineered Sina's creation by arranging a merger between a U.S. Internet start-up and a Chinese software company. Soon he may preside over its resale. Mao contemplates the latest street buzz: AOL is rumored to be trying to acquire community portal Netease, while Microsoft is said to be eyeing Sina. Across town, Charles Zhang, the founder of rival Sohu, is fighting...
...child perches on a chair and turns the fan up to high. Yellow paint peels from the walls. There is no running water. The bed is a dirty mattress on a steel frame. But enthroned on a makeshift table sits a workstation worthy of a cash-rich start-up. The man leans toward his crisp, new 19-inch monitor and gets down to business. He surfs to the archive of an online florist and peruses someone's recent order for roses, complete with a mushy love letter. But this man, a hacker who uses the online handle Eyestrain...
...Internet standards, Tom Hadfield is an old-timer. He went online in 1994, put together a start-up in '95, sold it in '97 and launched another in '99. In real world years, he is just...
...Media Age, a British trade magazine, named Schoolsnet its 2000 Start-up of the Year, and funding has been problem-free, even in the dismal dotcom climate. So what's Hadfield doing with his off-line wealth? His answer: there's not much of it. DMGT paid only something in the "mid-six figures" for Soccernet. (In 1999, Disney paid $25 million for 60% of the site and bought the rest a year later for an undisclosed sum.) While Hadfield's Soccernet stake was valued at about $11 million in a financing round last April, that's just paper wealth...