Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Business North Carolina Vol. 23 Issue 5, May 2003
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Cary-based Ultimus, is a runner-up in BUSINESS NORTH CAROLINA magazine's High-Tech Company of the Year competition. Founded in 1994 by CEO Rashid Khan, the business has been profitable for six years. Ultimus makes software that automates processes that businesses employ, such as purchase orders and business accounts.
Durham-based Red Hat is a runner-up in BUSINESS NORTH CAROLINA magazine's High-Tech Company of the Year competition. The company, founded in 1993, specializes in the Linux computer operating system and reported sales of $91 million for the fiscal year ending in February 2003.
Charlotte-based LendingTree is a runner-up in BUSINESS NORTH CAROLINA magazine's High-Tech Company of the Year competition. LendingTree, an electronic loan exchange, transmitted 1.8 million requests in 2002. The company receives a fee of several dollars on each loan request and up to $700 on each loan closed.
One of North Carolina's plans for decreasing highway congestion is the development of a train system that will compete with cars and airplanes. A high-speed rail system between Raleigh and Charlotte that will include seven stops is projected for completion in 2010.
A Navy plan to build a practice landing field in Washington or Craven Counties has Beaufort County residents up in arms. They feel it would damage the economic future of Beaufort County. Martin discusses arguments for and against the project.
Durham-based Cree, Inc. is BUSINESS NORTH CAROLINA magazine's High-Tech Company of the Year. Cree, founded in 1987, makes high-tech products, such as light-emitting diodes.