Human error caused Google search bug (Network World)
Newspaper execs make their case (Philadelphia Inquirer)
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Newspaper execs make their case (Philadelphia Inquirer)
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Oracle Eyes Resurgence (ClinPage)
Octagon Research Solutions would seem like one potential acquisition target for Oracle in the area, but there are other
possibilities as well.
Ametek 4Q profit falls on restructuring charges (Associated Press via Forbes)
SaaS is surging in the downturn, says IDC (ZDNet Blogs)
SAP Spoke to Politicians on Job Cuts, Cooperates With Probe (Bloomberg)
Losses could affect SAP’s Newtown home (Delco TImes)
Comcast Engaged in Free Wi-Fi Trial
Working with Cablevision on Wi-Fi trial in New Jersey (Broadband Reports)
Verizon Laughs Off DOCSIS 3.0
Picks on the technology's shared nature, upstream limitations... (Broadband Reports)
State Of The City:Philadelphia Halflife (Media Bistro: AgencySpy)
Kulicke & Soffa revenue nosedives 70% (Philadelphia Business Journal)
Journal Register Sells Pennsylvania Paper, New Owner Shutters (Editor & Publisher)
Free The 'Daily News' (The Bulletin)
Q&A: Kelly Lee of Innovation Philadelphia (Keystone Edge)
20nine Launches Interactive Division (PR Newswire)
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GSI Commerce and Innotrac Mutually Agree to Terminate Merger Agreement (PR Newswire)
Weak share price kills GSI's Innotrac deal, may lure buyers (Philly.com: Philly Deals)
SEI Reports Fourth-Quarter Revenues of $268.4 million, Net Income of $9.6 million
(PR Newswire)
Advanta cutting jobs, dividends following $44M loss (Philadelphia Business Journal)
Quality Systems, Inc. Reports 2009 Third Quarter Results (Business Wire)
Quality Systems's business consists largely of Horsham-based NextGen Healthcare Information Systems.
CNET News Daily Podcast: RIAA recruits Comcast, AT&T to monitor file sharing (CNET News)
Stimulus boosts electronic health records (Philadelphia Inquirer)
Google M-Lab provides a window into your ISP (Network World)
SAP's Q408 Results & PAC's Estimates on How Bad Things Really Were (Are)... (Feeding the SAP Ecosystem)
Do Layoffs Make SAP More American? (Information Week)
SAP North America Chief Takes Leave of Absence (PC World)
Microsoft founder's cable company in a debt bind (Associated Press via Google News)
Analog TV Shutoff Still Likely to Be Delayed (New York Times: Bits)
Live Cargo Buys CMWare (PE Hub)
Biz Beat: A startup goes camping (Metro Philadelphia)
On Vuzit.
TEMIS Exceeds Revenue Targets for 2008
TEMIS Software License Revenue Increased by 73% in 2008 (PR Newswire)
nvestEdge Equips Banks and Advisors with Turnkey Compliance Solution to Proactively Monitor and Review Client Portfolios (PR Newswire)
New Mezz Fund Nearing Close (PE Hub)
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What's up at CardioNet?
On the surface, former CardioNet CEO Arie Cohen appeared to have a good year. His company floated a successful IPO (one of the few this year), it looks like they are going to make the numbers expected of them for 2008, and growth prospects appear bright. Now, though, he is out of a job (see press release).
Its hard to say how much of the recent success of Conshohocken's CardioNet is due to Cohen. He was only there 15 months. However, when you appear to be doing a good job on Wall Street's terms, you expect to keep it.
I listened in to CardioNet's conference call yesterday to get a better idea of what when on.
New interim President & CEO Randy Thurman suggested (my translation) that Cohen was somewhat overwhelmed by the challenges of being CEO of a high growth, publicly traded company. He said that the Board found the gap between Cohen's limited experience in this role and the growth potential of the company to be too great to be comfortable with. Ironically, Cohen ran a division under Thurman at VIASYS, the company he sold for $1.5 billion to Cardinal Health in 2007.
CardioNet's main application right now is remote wireless monitoring of patients with cardiac arrhythmias, a service I can certainly appreciate since I had a family member dealing with that not too long ago (I wish I had known about their service then). The company's primary immediate objective is to grow market share for that application, but they also believe there are other medical applications the technology can be expanded to. They expect solid growth in 2009, but indicate earnings growth may be limited by "incremental investments", particularly in expanding the salesforce from about 100 currently to 140 by year end. The search for a new CEO may take several months, after which Thurman will remain in his current role of Executive Chairman of the Board.
As for Mr. Cohen, I'm sure he will find another opportunity rather quickly if he wants to.
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Banks, credit unions scramble in wake of Heartland breach (Computerworld)
Tyco Electronics results, outlook disappoint (Reuters)
Net Neutrality Faces House Vote (eWeek)
House defeats bill to delay digital TV transition (Associated Press via Google News)
This is a surprise. Everyone was reporting on it like it was a done deal.
Exploring Cox's New Network Management System (Broadband Reports)
Comcast Ices NHL Network On-Demand Pact
Service Makes Condensed Games Available Hours After Their Conclusion (Multichannel News)
QlikTech outlines BI product roadmap
QlikView 9 planned for May or June 2008 (vnunet.com)
Innovative Solutions & Support, Inc. Announces First Quarter Fiscal 2009 Financial Results
Revenues Up 123%, Operating Margin of 16%, Earning Per Share of $0.11 (Business Wire)
Vishay increases Israel layoffs to 400 (Globes Online)
Rodale Reports 2008 Full-Year Results (Business Wire)
Synygy Experiences 18th Consecutive Year of Success and Enters 2009 with Best-Ever Visibility into Future Record Performance
(Business Wire)
VA to pay vets $20M for lost laptop holding personal data (USA Today)
Planning is passe in a high-tech world
Text messages trump schedules. (Philadelphia Inquirer)
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SAP to Cut More Than 3,000 Jobs Amid Global Slump (Bloomberg)
SAP to Employees: So Long, Farewell, Auf Wiedersehen, Goodbye (All Things Digital: Digital Daily)
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Verizon posts solid fourth-quarter earnings
Despite economic gloom, Verizon ups revenues, profits in 4Q 2008 (Network World)
Verizon FiOS Picking Up Speed: Landline Losses Continue (GiagaOM)
Rohm & Haas Wins March Trial Over Dow Buyout (Bloomberg)
Oracle's Plan To Beat Salesforce: Give Customers Their Own Server (Silicon Alley Insider)
Microsoft Makes Sweeping Changes To BI Software Strategy (Information Week)
ING to cut 7,000 jobs, drop its CEO (Associated Press via Wilmington News Journal)
US FCC refers Comcast-NFL dispute to judge (Reuters)
Lucid Imagination adds support for Apache search tools (SearchEnterpriseLinux.com)
Discusses use by Comcast Interactive.
Heartland Payment Systems Accelerates Development of End-to-End Encryption (PR Newswire)
Medidata Files IPO (Red Herring)
Medidata has a presence in the area through its acquisition of Fast Track Systems of Conshohocken last year.
Siemens sticks to 2009 goals as eyes cost cuts (Reuters)
Interactive TV Crowd Has Great Expectations
Q&A With Vibha Rustagi, President and CEO of Itaas (Multichannel News)
The Economics of Internet Video (Media Experiences 2 Go)
More Than 150 Organizations Maximize Their Vital Communications Technologies with Evolve IP’s Managed Solutions (Business Wire)
B4 Consulting and CRP Solutions, Both SAP Partners, Announce Cooperative Marketing Agreement for CoreMed (PR Web)
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Pfizer to buy Wyeth for $68 billion (CNN Money)
Dow Won’t Close Rohm & Haas Deal on Time (New York Times: Deal Book)
Rohm & Haas Sues Dow Chemical In Delaware Court (Dow Jones via CNN Money)
SAP: Analysts Gets Cautious; Earnings Due Wednesday (Barron's: Tech Trader Daily)
Startup's Application Lets Users Tap SAP HR via SharePoint (PC World)
Merck signs on as client.
Comcast DOCSIS 3.0 Deployment Rolls On (Broadband Reports)
Comcast Asks Copps To Act On NFL Network Case
Pro Football Network Also Sends Letter To Acting FCC Chairman (Multichannel News)
Advanta builds brand by blobbing, both live and online (Philadelphia Business Journal)
Will ideablob survive the looming financial problems at Advanta, I wonder?
DreamIt Ventures Opens Application Process for 2009 (PR Web)
Governor Rendell Says PA Stimulating Tech Growth, New Jobs with Latest Investment
(PR Newswire)
Home security for the do-it-yourselfer
It's thoroughly modern and lean. (Philadelphia Inquirer)
New Owner in Connecticut Delivers to Oldest Subscribers to Promote Sale (Editor & Publisher)
Journal Register folds 2 Bucks weeklies (Bucks County Courier Times)
Wolters Kluwer Health Announces Partnership with Bristol-Myers Squibb (WebWire)
HighPoint Solutions Partners with Netezza
Adds New Focus on Data Warehouse Appliances to Business Intelligence Practice (PR Newswire)
CRF Inc. Announces smac | partners as New Investor (Free Press Releases)
Gaming Site Gamervision Nabs $3.5 Million In Funding (paidContent)
Gamervision's operations are located in Doylestown.
CardioNet Board of Directors Appoints Randy Thurman Interim President and Chief Executive Officer (Business Wire)
Surprising that there would be a change. WIll have to find out why.
Verizon gets official with Network Extender: $249, no monthly fees (Engadget)
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Pfizer Offers $66.8 Billion for Wyeth, Boards Meeting on Bid (Bloomberg)
Coakley, Comcast reach ad campaign settlement (Boston Globe)
Twitter Said To Be Raising More Cash, Valued at $250 Million (GigaOM)
Social-networking sites share breaking news (CNN.com)
Eclipsys hits 5-year low on 4Q forecasts (Associated Press via Forbes)
Though headquartered in Atlanta, Eclipsys has offices in Malvern. Eclipsys has just laid off at least 100 employees, according to HISTalk.
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People News
Raj Gupta, Chairman and CEO of Rohm and Haas, Elected to The Conference Board's Board of Trustees (PR Newswire)
MBNA pioneer retires from BofA (Wilmington News Journal)
TruePosition’s Michael Amarosa Named Chairman of the E9-1-1 Institute Board of Directors (Business Wire)
Bentley Appoints Pieter Neethling Solutions Executive, Mining and Metals (Cad Cam News)
Former Vanguard Executive Joins Vertex as Vice President of Managed Services (Business Wire)
Industry Moves: Clearwire Appoints Telecom Veteran David Sach As CFO (mocoNews.net)
Boenning & Scattergood Hires Terry Fant to Expand New Corporate and Venture Services Platform (Business Wire)
VCSvideo Adds Michael Rosado as Designer/Editor
(Philly Ad Club News)
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Comcast's Congestion Catch-22 (Telephony Online)
Pfizer bid for Wyeth could top $65 billion
Potential merger of drug giants aims to solidify business, boost products (MarketWatch)
Phila. area venture activity lowest since Internet bust (Philadelphia Business Journal)
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Committee approves Verizon FiOS Philadelphia franchise agreement (FierceTelecom)
House panel moves forward with broadband stimulus (Network World)
Senate Republicans Sign On to June DTV Delay (PC
Magazine)
Pfizer in talks to buy rival Wyeth: sources (Reuters)
Dow Chemical Cleared by U.S. FTC to Buy Rohm & Haas (Bloomberg)
Dow and Rohm & Haas in talks to close deal (Associated Press via Google News)
Report: Law Enforcement Closing In On Heartland Breach Perpetrator (Dark Reading)
The sales force agenda
In 2009, pharmaceutical sales forces will continue to shrink while relying more on technology as a means to reach the physician audience. (PharmaLive)
Verizon Hub "landline slayer" officially unveiled (Engadget)
SaaS's billing battles (Computerworld Blogs)
How to keep small firms in science center (Philly.com: Philly Deals)
Governor Rendell Names Top Corporate Executive George Cornelius as DCED Secretary (PR Newswire)
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Philly FiOS Inches Closer
Comcast's delay tactics running out of juice.. (Broadband Reports)
Heartland Payment Systems' Big Breach & Lame PR Tactic (Information Week Blogs)
Heartland: Security hole is closed (Associated Press via Google News)
Insurers IBC, Highmark withdraw merger plan (Philadelphia Inquirer)
Microsoft Plans to Lay Off 5,000 Workers (New York Times)
Google rises over profit, revenue estimates
(CNET News)
Lockheed Martin CFO Looks For New Tech Sales With Obama Administration (Dow Jones via CNN Money)
Lockheed Martin Space Systems Reports Decrease in Sales, Profit (Satellite Today)
SAP cans SAPPHIRE Europe (ZDNet Blogs)
6 Things SaaS Needs To Do In 2009 (Information Week)
Comcast To Launch Online Backup Service (Broadband Reports)
Martin Blames Cable For Dingell Probe
Former FCC Chairman Sent Rebuttal To Waxman, Barton (Multichannel News)
Does Broadband Need a Stimulus? (New York Times: Bits)
Technitrol Reports Preliminary Q4 and FY2008 Results, Board Declares Dividend (Business Wire)
From Philadelphia Flyers to ITEXPO: Comunicano CEO to Lead Service Provider Talk (TMCnet)
Compass Group Selects BravoSolution to Streamline Supply Management (Business Wire)
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Heartland data breach could be bigger than TJX's (Computerworld)
Comcast: Death Star 3.0? (Multichannel News)
Advanta shares dive after weak report, downgrade (Associated
Press via MSNBC)
Advanta still has moves left, says CFO Browne (Philly.com: Philly Deals)
Apple earnings take a hit, but not a dive (ars technica)
FCC slaps Comcast, fuels network neutrality hopes (Reuters)
FCC's Martin fines nine carriers on his way out the door (engadgetHD)
Cable Companies Announce Unofficial 40% Off Sale! (Silicon Alley Insider)
Set-Top Sales Forecast To Almost Double by 2012
iSuppli Projects Shipments To Reach 215 Million (Multichannel News)
LiquidHub and SpringSource form Strategic Partnership (Business Wire)
SAP wants information about Oracle's deal with partner (IT World)
SunGard Adds Grid Computing Capacity to its Hosted iWorks Prophet Actuarial Solution, Using Sun Microsystems, Intel and Microsoft Technology (PR Newswire)
Tyco closing two plants, eliminating jobs elsewhere (The Patriot-News)
Chip co Vishay closes Yokne'am facility
The R&D center in Yokne'am is based on Cyoptics, which Vishay acquired in 2005. (Globes Online)
SevOne Continues Its Network and Application Performance Monitoring Leadership by Closing Out a Record Breaking 2008 (Marketwire)
Application developers see iPhone as way to get noticed (USA Today)
Highlights Phanfare of Princeton.
OASIS HVCC-Compliant System Helps PeoplesBank with Real Estate Appraisal Processes (PR Newswire)
What should a modern library’s website be? (P'unk Avenue Window)
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The Dark Lord of Broadband Tries to Fix Comcast's Image (Wired Magazine)
Microsoft Bails From Comcast
Sells 7.3% Stake Over 12 Months (Multichannel News)
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Rohm and Haas plans to cut 900 jobs (Reuters)
Heartland Payment Systems reports system breached (Associated Press via MSN Money)
Malware infestation responsible for credit card data breach (ars technica)
SAP Shrs Slip On Report Margin Expansion Plan Delayed (Barron's: Tech Trader Daily)
SAP’s Kagermann to retire early (ZDNet Blogs)
Q&A: SAP's Bill McDermott on IT Priorities in a Tough Economy
(Intelligent Enterprise)
The Venture Capital Crash (Silicon Alley
Insider)
NASDAQ OMX Rebrands Philadelphia Board of Trade to NASDAQ OMX Futures Exchange (Globe Newswire)
Longview Solutions and MicroStrategy Sign Global Technology Partner Agreement (PR Newswire)
AMETEK Acquires High Standard Aviation (Business
Wire)
Apple Store In Center City: Not Yet? (Philadelphia Will Do)
NXPowerLite File Optimization Software Now Integrates Seamlessly with Lotus Notes to Reduce Email Storage, Bandwidth and Delivery Problems (PR Web)
MAPLight Illuminates Connections Between Money, Geography and Politics (Directions Magazine)
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Reviewing 2008 Developments in Technology in Philadelphia
It took me awhile to finish putting this together, but at least I got it done before February. This is my take on what the most formative events in the Philly Tech World were in 2008. There was a great deal to cover here so some important things are not included.
Have a different opinion on what was important, or want to point out something I left out? Let me know.
1. Earthlink abandons Philly's fledgling, ill-conceived WiFi network. Local telecommunications investors create Network Acquisition Corp to take over the network infrastructure and operate it with a more realistic business plan.
2. The FCC wages war on Comcast on multiple fronts, and at times it becomes intensely personal with outgoing FCC Chairman Kevin Martin. The issue of Network Neutrality comes to the forefront with the apparent discovery that Comcast is throttling BitTorrent users indiscriminately regardless of their volume. The FCC slaps Comcast on the wrist, Comcast implements a 250 GB monthly cap and "protocol agnostic" management, rolling it out as the new year begins. However, the Network Neutrality issue is far from resolved, with Congress considering new legislation this year.
3. The financial crisis hits in September and Philadelphia is effected just like everyone else. Some major banks and financial institutions serving the area teeter on the brink, credit is nearly frozen, and SAP announces in early October that "these concerns triggered a very sudden and unexpected drop in business activity at the end of the quarter". Layoffs ripple through many IT firms, and the market values of most of the area's publicly traded tech companies plummet. The outlook at the beginning of this year is highly uncertain, though perhaps a little less catastrophic than it appeared a few months ago.
4. Business ByDesign, SAP's major SaaS entry for midsized and smaller businesses introduced with great fanfare in late 2007, is virtually put on the shelf as SAP tries to figure out cost, customization and multi-tenancy issues. Implementation is limited to a handful of customers, SAP leans toward outsourcing hosting, and management remains skeptical about the long term viability of SaaS for hosting major enterprise applications. Meanwhile, Salesforce and NetSuite continue to make market gains, and area vendors such as Boomi and Aria Systems position themselves as important SaaS service providers.
5. Rohm & Haas agrees in July to be acquired by Dow Chemical for $78 per share (15.3 billion). Then the economic downturn hits, Kuwait pulls out of a large petrochemical joint venture with Dow, and suddenly Dow's ability to complete the Rohm & Haas deal looks shaky. Rohm & Haas is attractive because of its less commoditized specialty chemicals business, and its advanced materials business which has a range of high tech applications.
6. Oracle makes big moves into the area, acquiring leading project management vendor Primavera Systems, insurance software provider AdminServer, and training software firm Global Knowledge Software. With Oracle's market value holding up well and its new business units focusing on Healthcare IT and Insurance, more acquisitions in the region would not be a surprise.
7. Unisys plans to move its headquarters to Center City create a huge battle over the illuminated sign it wants to put on Two Liberty Place. Plans for the move are scrapped because of its continuing deteriorating performance and a change in CEO. Unisys's stock price sinks to 38 cents, large scale cuts begin before year end, and serious questions exist as to whether the company will still be around in a similar form by the end of 2009.
8. Lockheed Martin is awarded the primary contract for the next generation GPS satellite system, GPS 3, by the Department of Defense. In addition to having the potential to generate a great deal of revenue for Lockheed, this contract should help maintain the strong GPS and satellite technology knowledge base in South Jersey and the Philadelphia area.
9. The Philly entrepreneurial scene continues to mushroom, through both formal and more informal efforts. DreamIt Ventures creates considerable excitement, and other groups and events such as Philly Startup Leaders, the Founders Factory, Independents Hall, BarCamp Philly, the second PodCamp Philly, Ignite Philly! are also very successful. People generally have a much better idea of what else is going on locally and where to look for help and resources, and there is a lot of cool stuff planned or in the planning stages for 2009.
10. Conshohocken's First Round Capital continues to establish itself as a preeminent VC firm nationally, and becomes a model for seed and early stage investing. It remains to be seen whether there will be a major Web 2.0 shakeout in 2009, but since First Round has spread relatively small bets in a lot of different places my guess is they wouldn't be too badly hurt in any
event.
11. The new venture arena experiences some ups and down in the area. VC funding slows, but several startups are still funded. After growing 80% in 2007, business intelligence software provider Qliktech is still hot in 2008, but its IPO plans are put on hold due to the market environment. Ringside Networks launches with great acclaim in the Spring but is shut down by the early Fall. RedLasso creates a great machine for clipping broadcaster's video content but discovers that copyright laws are not that easy to get around. myYearbook.com of New Hope becomes the third ranked social networking site, though far behind Facebook and MySpace. Insurance software company iPipeline of Exton receives $18 million of venture funding and appears to be well-positioned for future growth. Medtech firm CardioNet is the area's only major tech-related IPO of the year.
12. Verizon's FiOS service continues its rollout, and becomes a viable alternative to Comcast in many areas, increasing its subscriber base to 1.6 million during the year. New York City is opened up, but plans for Philadelphia remain on hold at the end of the year, partly due to Comcast's lobbying against it.
13. Comcast debuts its Docsis 3.0 service, offering speeds of up to 50 Mpbs, to about 20% of its territory by year end including the Philly area. Completion of the rollout is expected to occur sometime in 2010. Horsham's Motorola Home and Network Mobility is a supplier of Docsis 3.0 modems to Comcast.
14. Philly's sizeable Healthcare IT community prepares itself for the anticipated boom to come from Obama administration investments aimed at accelerating its widespread acceptance. A major theme is consolidation, as firms try to put together pieces of the puzzle to provide more integrated services and position themselves to compete for larger contracts. Health Care Service Corporation of Chicago buys area firms MEDecision and TMG Health. Bio-Imaging Systems buys Phoenix Data Systems, Portico Systems buys Ethidium. Quality Systems is one of the few bright spots in the stock market, as its Horsham-based NextGen Healthcare Information Systems gains momentum in the emerging market of Electronic Health Records (EHRs).
Interactive Pharmaceutical marketing services continue to be a relatively strong performer for the area, as Pharma companies slash salesforces and focus more resources on new media channels.
15. The general newspaper/media meltdown hits Philadelphia hard. Philadelphia Media Holdings, owner of the Inquirer and Daily News, cannot make some interest payments and continues through a series of cuts and realigments, Journal-Register of Yardley is also in default and will probably be sold and broken up, and Gannett papers such as the Wilmington News Journal and Cherry Hill Courier-Post are also affected. Ad declines are in the double-digit range; online revenue growth isn't nearly enough to make up for the dropoff in traditional revenue sources. Local tv and radio stations also face layoffs.
16. Comcast invests $1 billion in Clearwire, a planned nationwide network of WiMAX services. Cleawire, also backed by Intel, Google, and other cable companies, is merged with Sprint Nextel's fledgling WiMAX service by the end of the year. Service is initiated in Baltimore and Portland. Philadelphia was originally slated to get service in 2009, though that seems uncertain now as Clearwire has indicated it may slow its expansion timetable.
17. SAP and Oracle remain engaged in a legal battle concerning Oracle's 2007 suit against SAP over the alleged theft of proprietary Oracle information by SAP's TomorrowNow unit, which is now shuttered. The legal process remains ongoing, with a trial possible early next year if there is no settlement.
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People News
McGinty takes Element slot (Philadelphia Business Journal)
Mooney Elevated to Vice President of Sales for ISA Consulting (Business Wire)
CardioNet Appoints Matthew Margolies Senior Vice President of Sales (Business Wire)
SunGard Appoints James Weber EVP of Assent Trading Brokerage Operations (FinanceTech)
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The Three Caballeros?–Bostock, Ballmer and…Bewkes? (All Things Digital: BoomTown)
I wonder if this could have anything to do with the timing of Microsoft's unwinding of its 7%+ stake in Comcast, though I'm not
sure why it would. At last report, Microsoft had more than $20 billion in cash and short-term investments.
High price for free access to vote data (Philadelphia Daily News)
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Apple setting sights on first Philadelphia store? (MacNN)
There have been several rumors like this before, so I will remain a little skeptical until there is stronger confirmation.
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United Nations looks to SAP for ERP system (Network World)
Finally, Pictures Of Flight 1549 Landing On Hudson (Silicon Alley Insider)
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SAP pays Sun to keep Java on NetWeaver alive (The Register UK)
Microsoft Dumps 7.3% Stake In Comcast (Silicon Alley Insider)
Kevin Martin's Greatest Hits (Light
Reading: Cable Digital News)
Retirement Living TV Gets Boost
Comcast Deal Will Expand Audience as More Marketers Pursue Older Crowd (Wall Street Journal)
Comcast Adds 3 HD Channels In Philly (TVPredictions.com)
Aline(TM) Wins Major Accounts in Q4 2008 (PR Newswire)
Jack Horner Communications leaving Pittsburgh for Philadelphia (Pittsburgh Business Times)
Valley will help launch job Web site (Allentown Morning Call)
I'm not sure why the Government needs to do this.
Business incubator offers support and encouragement (Gloucester County Times)
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Another BarCamp appears to be in the works for Philadelphia. BarCamp
NewsInnovation-Philly is scheduled for April 25 at Temple. I'm not sure yet exactly what it will cover, but obviously it will be oriented towards journalism/media 2.0 kinds of issues.
HealthCamp Philadelphia is slated for some time in the spring, though I don't believe an official date or venue have been publically announced yet.
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Circuit City to be liquidated: report (Reuters)
Timeline of Circuit City Stores Inc. (Associated Press via Google News)
I worked for Circuit City one summer at its headquarters back in its heyday. They built an impressive model for selling consumer electronics and were the dominant force in the industry for more than a decade. I think I recall that their stock had the highest return during the 1980's. Unfortunately, Best Buy developed a better, lower cost model and Circuit City failed to adapt. Now, it appears they are gone.
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January 2009 Business Outlook Survey (Philadelphia Federal Reserve Bank)
Philadelphia Fed launches new index to measure change in business conditions (Philly.com: Philly Deals)
Motorola to cut 4,000 more jobs, sees weak sales (Reuters)
Charter Misses Payments On Some Senior Notes (Barron's: Tech Trader Daily)
FCC Boss Martin Leaving For Aspen Institute (Silicon Alley Insider)
Schoolwires raises $12 million for school web site management (VentureBeat)
Schoolwires is based in State College.
RSVP, Haley merged like a comet
As Allied Pixel they took broad steps to alert, reassure clients (Philadelphia Business Journal)
SPINACT launching online knowledge service next month, hiring in '09 (Keystone Edge)
NY officials find wireless network still deficient (Associated Press via Forbes)
SAP upgrades proceeding but maintenance end a factor (Network World)
Retailers seeking more value from existing SAP applications ( SearchSAP.com)
PRWT Taps Mark Schweiker to Head Business Process Outsourcing; Outlines Aggressive Growth Strategy for Enterprise (Business Wire)
Ingres Corporation Selects Boomi AtomSphere for Optimal SaaS Integration and Connectivity (Marketwire)
Unisys Awarded RFID III Contract by U.S. Department of Defense for Radio Frequency Identification Technology (Business Wire)
Don't Hoard Performance Data (Network World:
Community)
Park City Group Completes Acquisition of Prescient Applied Intelligence (Business Wire)
Five-county region sees relative advantage in Einstein name (Newark Star-Ledger)
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Oracle layoffs not just ex-BEA workers, indicate slowdown (Computerworld)
100 layoffs last week by SAP also reported.
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Jobs taking health-related leave from Apple (San Jose Business Journal)
Apple’s Steve Jobs: “I Have Decided to Take a Medical Leave of Absence” [COMPLETE MEMO]
(All Things Digital: Digital Daily)
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Nortel files for bankruptcy protection, shares plunge (Reuters)
Ametek sees 4th-qtr income at low end of guidance (Associated Press via Forbes)
Shane Says SAP Costs Helped Cause Jeweler’s Decline (Bloomberg)
SAP's golden opportunity in Satyam (Business Week)
For iPipeline form is also its function (Philadelphia Business Journal)
Fault lines emerge at Fed
Bernanke, Philadelphia Fed's Plosser differ publicly on new policy (MarketWatch)
Read Plosser's speech at the University of Delaware.
Tyco Electronics Announces Intent To Change Place of Incorporation From Bermuda to Switzerland (PR Newswire)
Comcast launches all-Obama channel (Politico)
Obama Adviser Lowers Broadband Expectations
New Administration Wants to Avoid Funding Projects That Disrupt Competition (Multichannel News)
ASU, Penn strike tech transfer accord
(Phoenix Business Journal)
Patient Care Technology Systems and CenTrak Integrate Patient and Asset Tracking Solutions for Healthcare Facilities (More RFID)
CenTrak is based in Newtown.
Hardware Hacker Charged With Selling Cable Modems That Get Free Broadband -- Update (Wired Blogs: Threat Level)
Pennsylvania man selling Motorola modems.
ENFORCEMENT PROCEEDINGS - Former Amkor Technology General Counsel Kevin J. Heron Settles Insider Trading Charges; Relief Includes Permanent Anti-Fraud Injunction and Officer and Director Bar (Trading Markets)
Heron was General Counsel of Amkor when it was headquartered in West Chester.
Universal Display Awarded $1,089,600 U.S. Department of Defense SBIR Phase III Contract to Continue Development of Flexible OLED Displays (Business Wire)
ETC reports decrease in 3Q net loss (Philadelphia Inquirer)
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Using Twitter for Breaking News
Josh Kopelman of First Round Capital used Twitter yesterday to break some news: that del.icio.us founder Joshua Schachter had joined Google. del.icio.us, the social bookmarking site, was a former portfolio company of First Round before its acquisition by Yahoo. Schachter left Yahoo last June.
More from PE Hub
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Obama Picks Julius Genachowski to Head FCC (Washington Post)
Obama's FCC choice praised, seen easily confirmed (Reuters)
ExpertPlan Adds On (PE Hub)
CES '09: Flycast's Cd-Quality Radio for Mobile (Tom's Hardware)
FlyCast is based in Lancaster.
Vuzit Gets Funding (DreamIt Ventures Blog)
Motorola Wins eMTA Share At Comcast: Analyst
Wall Street Firm Says MSO Orders Between 50,000 and 100,000 Units (Multichannel News)
Update: Comcast Denies Analyst Report About eMTA Contract
Wall Street Analyst Firm Collins Stewart Claimed MSO Ordered Motorola Modems (Multichannel News)
Comcast apologizes for dropping game ball (Pittsburgh Tribune-Review)
Elma Electronic Acquires ACT/Technico (PR Newswire)
Marchex Named in Complaint to FTC (Domain Name Wire)
Marchex's Philadelphia-based VoiceStar unit is at the genesis of the complaint.
Investors PIPE away low-priced small-cap stocks (Philly.com: Philly Deals)
AppLabs partners with Grid Tools, Test Data Management Co (The Hindu)
The Wavecam(TM) Never Blinks (PR Newswire)
What should a modern library be? (P'unk Avenue Window)
Jubilant and BioLeap Announce New Partnership in Drug Discovery (PR Newswire)
DSG Wins SCDM’s Data Driven Innovation Award for Clinical Data Quality Control Implementation at Human Genome Sciences
(Business Wire)
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What's Going to Happen With Business Objects in 2009? (Feeding the SAP Ecosystem)
SAP's CEO and SaaS: Is Denial Working? (Seeking Alpha)
Study: Half of Developers Plan to Work on SaaS in '09 (PC World)
Oracle Layoffs: Hundreds, Not Thousands (All Things Digital)
USA Technologies lays off 22 to meet cash requirement (Philadelphia Business Journal)
Vanguard grew while other funds dropped (Phlly.com: Philly Deals)
TriZetto, Sanovia Join Forces to Offer First Integrated Platform That Helps Payers Control Pharmacy Costs (PR Newswire)
Cable's 'Dream Set-Top' (Light
Reading: Cable Digital News)
BREAKING: Major Shake-up At Sling Media: Krikorian Brothers, Hirschhorn, White, Wilkes Leaving (paidContent)
Cisco To Take DOCSIS 3.0 Modems Over 300 Mbps
Vendor To Use Broadcom Chip For Eight-Downstream Channel Unit (Multichannel News)
Budget ax falls on disaster recovery (IDG via New York Times)
Not good for SunGard.
Snackfeed: A Newsfeed For The Web’s Hottest Video Clips (TechCrunch)
Two Lehigh Valley tech companies share $300,000 in investment capital (Allentown Morning Call)
NextPhase Wireless Opens New Tier 1 Data Center in Philadelphia (TMCnet)
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What FCC's Martin Is Sorry For (PC Magazine)
CES 2009: Comcast, TWC To Flip Tru2way Switch By July 1
Two Biggest MSOs Say They're Ready to Enable Interactive TV Technology Across Their Footprints (Multichannel News)
Comcast ‘TV Warehouse’ To Collect STB Clicks (Multichannel News)
SEPTA, meet Google. Don’t be like D.C. (WHYY: It's Our City)
U.S. Army recruiting at the mall with videogames (Reuters)
Data Analysts Captivated by R’s Power (New York Times)
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People News
Ron Lang Appointed Chief Executive Officer of SunGard Higher Education (Business Wire)
BioNanomatrix Appoints Michael Kochersperger as Vice President of Engineering (PR Newswire)
Razorfish Promotes Matt Dufner and Erica DiPilato as Account Directors (Philly Ad Club News)
Miller Joins Siemens IT Solutions and Services as V.P. of Healthcare Industry Group
(PR Newswire)
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Door to Door: The New Direct Marketing?Its been years since I remember people coming around selling things door to door, other than religious groups selling eternal salvation and the occasional community or youth group. Then it happened twice in two days, and I am wondering whether this is the beginning of a new trend.
One of the guys was a representative from Edward Jones, which as it turns out uses door to door all the time as one of its basic prospecting methods, according to this Wall Street Journal article. The other was offering rug and carpet cleaning services.
I actually have more respect for legitimate people who go door to door than I do for telemarketers. It takes a lot of courage and commitment to do that. Although this is a safe and friendly neighborhood, I do, however, have concerns about opening my door to just any stranger who shows up.
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Vuzit, the Philadelphia online document viewer startup (have they dropped the Hovitate company name completely?), filed a Regdex form with the SEC in late December, which usually indicates a new round of funding has occurred. Unfortunately, the details are not shown online-you have to ask the SEC to send it to you and pay something to get it (Perhaps Vuzit should market its product to the SEC). Vuzit had previously received $100,000 from Ben Franklin Technology Partners back in August.
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Dell Acquires Allin Microsoft Services Expertise (Business Wire)
Philly self-publisher Xlibris sold to Author Solutions (Philly.com: Philly Deals)
Author Solutions Acquires Self Publisher Xlibris (PR Newswire)
SAP 'Fully Integrates' Business Objects (Intelligent Enterprise)
Comcast, Panny Polishing Portable DVR
(Light Reading: Cable Digital News)
Govt dissolves Satyam board; Raju surrenders (livemint.com)
Merkin Resigns as GMAC’s Chairman (New York Times)
Verizon Wireless Completes $28.1 Billion Alltel Buy (Dow Jones via CNN Money)
What do Boomi and salesforce.com have in common? (Boomi Blog)
New National eHealth Collaborative Preps For Meeting With Obama Team (Channel Web)
Oberthur Technologies to Transfer Card Manufacturing to Expanded Exton, Pa Facility; Will Increase Personalization Capabilities in Los Angeles (Business Wire)
BabyCenter.com shuts down e-commerce store
(Internet Retailer)
GSI Commerce provided services to J&J website.
After strong holiday sales, eBillme plans permanent shopping portals (Internet Retailer)
eBillme is based in Wilmington.
QlikTech Delivers Fast Impact with Free QlikView Download and Eliminates Risk with 30-Day Money Back Guarantee (PR Web)
Ideablob.com Kicks Off Nationwide Bloblive Tour
(Business Wire)
ProVista Technologies Revamps Services and Website (Hosting Discussion)
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Financial Scandal at Outsourcing Company Rattles a Developing Country (New York Times)
Radio Streaming App FlyCast Adds Android Support (Mashable)
FlyCast is based in Lancaster.
SAP CEO: SaaS Won't Work As A Core Platform
But Bill McDermott admits his company is forging ahead with Business ByDesign and expects to update customers at the Sapphire Conference in May. (Information Week)
As SAP Business Objects pushes SaaS BI, will more customers bite? (SearchSAP.com)
Obama Team Asks Congress to Postpone Digital TV Switch (Washington Post)
DirecTV in dispute with Comcast over sports cost (Reuters)
Cable Cos' Dispute With Programmers On Hold Until Next Administration (Dow Jones via CNN Money)
SCTE Names Dzuban CEO
Cedar Point Executive Will Take Helm At Cable Professional Association on Feb. 2 (Multichannel News)
Obama Does Announce "BPM for Everyone" (BPM in Action)
IDS Scheer Offers Integrated Repository for Comprehensive BPM and CMS (Business Wire)
Dow-Rohm & Haas deal receives European approval (Reuters)
Urban Outfitters holiday same-store sales slip (Associated Press via MSN Money)
But its stock finished up 10% today.
Kulicke & Soffa cutting executive, employee salaries (Philadelphia Business Journal)
TheInfoPro Raises $7.25 Million (PE Hub)
Funded by Edison Venture Fund.
InterDigital Signs iWOW to Worldwide 2G and 3G Patent License Agreement (InterDigital)
Almac Clinical Technologies Expands Yardley, PA Headquarters (PharmaLive)
The Growing Appetite for Virtualization (Baseline)
Profiles virtualization project at Tasty Baking.
New Motorola Remote Control!
(Media Experiences 2 Go)
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Live blogging CES opening keynote: Steve Ballmer admits, “I am a PC and proud of it!” (Venture Beat)
Windows 7 beta released.
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Dow set to miss takeover deadline (Financial Times)
Dow weighs Rohm & Haas options (Associated Press via Google News)
Satyam Chairman Resigns After Falsifying Accounts (Bloomberg)
Accounting Scandal Rocks Indian Outsourcer Satyam (Information Week)
Satyam has a large SAP consultancy business.
Bio-Imaging Technologies Sells CapMed Division to Metavante Technologies (Business Wire)
Comcast Will Write Down Clearwire, Not Franchise Rights (Dow Jones via CNN Money)
SAP’s Apotheker & Harvard Business School’s McAfee discuss silos (ZDNet Blogs)
SAP Wants Oracle to Reveal Software, Support Profit Margins (PC World)
Fat chance that will ever happen.
Scene But Not Nerd
Geeks in Philadelphia make their mark. (Philadelphia Weekly)
CES: Cisco Says It Is Now A Consumer Company (Barron's: Tech Trader Daily)
'Savior' of Connecticut Papers Says Local Control Will Succeed (Editor & Publisher)
The Sports Network Responds to Growing Newspaper Exodus From AP With Alternative Sports Offering (PR Newswire)
Infrastructure Spending: The Timing is Good (Business Week: Globespotting)
ICT closing call centers, seeking lower-cost sites (Philadelphia Business Journal)
Phanfare Photon: Finally Photo and Video Sharing Worthy of Your iPhone (Phanfare Press Release)
NeatDesk Helps Reduce SMB Paper Loads (eWEEK)
Caught Between WARN And A Hard Place (The
Metropolitan Corporate Counsel)
Debit card startup to expand, add jobs (Wilmington News Journal)
TicketLeap Unleashes Barcode Scanning (The TicketLeap Blog)
Philly Chooses GIS to Showcase and Manage its Thousands of Murals (GISuser)
Investbx inspires similar operations in United States (Birmingham Post UK)
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Cigna will cut 1,100 jobs and consolidate (Philadelphia Inquirer)
Dow to Take Action Against Kuwait on Halted Venture (Bloomberg)
No clear sign of settlement in Oracle-SAP suit (Network World)
Wrist-worn flexible OLED prototype is for the military, but kids like it too (engadget)
Universal Display is based in Ewing, NJ.
Motorola Captures 3 Trends for 2009 in One Device (GigaOm)
Motorola Provides WiMAX Devices, Infrastructure for Clear(TM) 4G Mobile Internet Service in Portland (PR Newswire)
Clearwire Launches Portland WiMax, Delays D.C., Chicago (Information Week)
Samsung developing own baseband for LTE and WiMAX (Fierce Broadband Wireless)
Smarter Agent starts off 2009 with a BANG on the iPhone! (Smarter Agent Blog)
Unisys not moving HQ to Phila.
(Philadelphia Business Journal)
FearNet Joins Comcast Entertainment Group In Move To L.A. (Multichannel News)
Comcast Goes 'Protocol Agnostic' Everywhere (Light Reading: Cable Digital News)
Year In Review: Thin clients get boost from .... (Network World)
HP gains from Neoware technology.
Xobni Closes $7 Million B Round Led By Cisco (TechCrunch)
Early investor First Round Capital participates again.
Philly Area Bioscience Officials Create
‘Clubhouse’ To Foster Commercialization (BioRegion News)
Introducing: Demo Day 2009! (Philly Startup Leaders)
Environmental Tectonics in settlement with Disney (Philadelphia Business Journal)
UPenn To Manage Virtualization with Virtual Iron Software (Campus Technology)
Email Marketing Service AWeber Defies Recession, Increases Customer Base By More Than 65% (PR Web)
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Dow Chemical May Reduce Rohm & Haas Price by 35%, Investors Say (Bloomberg)
Dow Chemical could close on Rohm & Haas this week (Associated Press via Forbes)
Two very different takes on the same story. We will find out more about who's right tomorrow.
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GSI Commerce Shrs Swoon As Stifel Downgrades (Barron's: Tech Trader Daily)
Steve Jobs Explains His Weight Loss in Healthnote (TechCrunch)
Netflix bypasses US mail, set-top box with new HDTVs from LG (ars technica)
New Comcast Throttling System 100% Online
Comcast confirms new network management system live in all markets (Broadband Reports)
Film office edits expenses (Philadelphia Business Journal)
The NeatTM Company Announces NeatReceipts® For Mac With NeatWorksTM Software Version 2.0
Enhanced Software Offers Mac Users New Features & Powers Third-Party Scanners (Marketwire)
Software Company AOEware Launches Social Networking Tool BINDpoint (PR Newswire)
Startup AOEware.com builds virtual communitites & brings them to your website.
(Lucky Startups: Interview)
Unisys gets Medicaid contract extension in NJ (Associated Press via MSN Money)
TraderTools Raises $7.5 Million (PE Hub)
New York firm backed by Edison Venture Fund)
Endo to Spend Up to $637 Million to Purchase Indevus (Bloomberg)
Ascensus Acquires Baden Retirement Plan Services (Business Wire)
Conn. Considers Newspaper Bailout (The Bulletin)
Techni-Tool celebrates its 50th anniversary (Reliable Plant)
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