News Briefs

May 24, 2013 

Cary warns of potential rabid fox

Officials are encouraging residents to be vigilant after a man encountered a fox in the Carrousel Park neighborhood in central Cary on Monday.

It was unclear if the fox was rabid, and it had not been caught as of late last week. As a precaution, the man who came in contact with the animal near N.W. Maynard Road and Carrousel Lane is undergoing treatment for rabies.

“At this time, we need citizens to be watchful as they enjoy the outdoors, paying attention to any suspicious animal activity and promptly notifying local officials as necessary,” Police Maj. Tony Godwin said in a statement.

Residents should also make sure their pets are vaccinated against rabies, Godwin said.

The town of Cary will host a rabies clinic as part of its annual Dog Days of June from 9 a.m. to 1 p.m. Saturday, June 1. Rabies vaccines for cats and dogs will be $5.

If you suspect an animal is rabid, call Cary Animal Control at 919-319-4517, or call a veterinarian.

The last reported case of rabies in Cary was in August 2012, according to the town. From staff reports

Lenovo cuts jobs in Morrisville

Lenovo recently laid off what it described as a “small” number of employees and contractors at its headquarters in Morrisville.

The moves were made as part of Lenovo’s efforts to diversify into products beyond PCs, a strategy that the company has dubbed “PC Plus.”

“The staffing reductions are limited to roles that are no longer required as we rebalance our skills, function by function, department by department to focus more on our PC Plus strategy,” Ray Gorman, a company spokesman, said in an email. “It’s a small enough number that we will not be announcing or reporting it.”

Lenovo, the world’s second-largest PC maker, is based in China but has more than 2,000 employees in Morrisville.

PCs now make up about 90 percent of Lenovo’s sales. But while the company’s worldwide PC shipments rose 7.9 percent in its most recent quarter, the overall PC market declined.

With sales of other devices such as smartphones and tablets growing faster than PCs, Lenovo is shifting resources to better target those markets.

The company’s revenue from smartphones, tablets and smart TVs accounted for a record 11 percent of total sales in its most recent quarter and rose 77 percent from a year ago. Lenovo recently launched smartphone sales in Russia and expanded smartphone sales to India, Indonesia, the Philippines and Vietnam last year. The company also partnered with EMC last year to increase sales of storage equipment and servers that run corporate networks.

Gorman noted that Lenovo has grown its Triangle workforce by a third since 2008, and expects to continue to add new jobs here going forward. The company announced plans last year to manufacture PCs in the United States by adding a manufacturing line – and 115 jobs – at its distribution center in Guilford County.

“Our commitment to the Triangle and to N.C. remains strong, and that will not change,” Gorman said.

Staff writer David Bracken

Cary apartment complexes sold

A joint venture between a Canadian investor and a Florida property management firm has acquired two Cary apartment complexes for $55.7 million.

Timbercreek U.S. Multi-Residential Opportunity Fund No. 1 paid $25.6 million for the 344-unit Woodbridge apartments and $30.1 million for the 444-unit Hidden Oaks apartments, according to Wake County property records.

The fund is a partnership between Toronto-based Timbercreek Asset Management and Elco Landmark Residential of Jupiter, Fla., which will manage the properties.

The fund, created last fall, targets apartments in the Southeast that are mismanaged, mispriced or in some sort of distress, said Carrie Morris, marketing manager for Timbercreek. The fund then renovates and repositions the properties with plans to sell them within a two- to three-year time frame.

The fund raised $150 million initially, and is in the process of raising more capital.

Before the two Cary acquisitions, the fund’s portfolio included 1,380 units in four properties in Austin; Charlottesville, Va.; Charlotte and Chapel Hill.

Staff writer David Bracken

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