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Mr. McCall said the investment was a proper and potentially lucrative use of the pension funds to help technology companies.
For the past ten years, the cable-and-telephone industry has been saying that it needs fast lanes to help technology evolve.
Yoav Chernitz, the chief of the China branch of the information technology training company John Bryce, has developed an innovation training program to help technology companies like Microsoft, China Mobile and PetroChina "find creative solutions" for their engineers.
Outsourcing may help technology consulting firms offset declines in revenue from advisory services, but it also exposes the firms to competition from technology companies that provide outsourcing and consulting services of their own.
The New York City Economic Development Corporation announced plans yesterday to reinvest its earnings in a venture capital fund that has been used to help technology companies based in the city.
First there's Screenshots, which will help technology journalists the world over, and then there's Selfies — this doesn't magically recognise your face, but just grabs every picture taken with the front-facing camera.
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"We want to help technologies stand on their own two feet, not encourage a reliance of public subsidies.
And failing to dispel a strengthening sense that the smart home is almost pure marketing, and that sticking update-requiring, wired in and/or wireless devices with variously overlapping purposes all over the domestic place is the very last way to help technology-saturated consumers achieve anything close to 'disconnected well-being'.
"Subsidies can help technologies get started.
"Texas Instruments is helping technology across the board," said Alfred E. Goldman, chief market strategist at A. G. Edwards & Sons.
Stock options helped technology start-ups grow by luring talent and helping companies reduce salaries and taxes.
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