Federal CIO on leave following FBI sting at DC offices (ZDNet
Blogs)
Instant analysis: Bribery case may undo Kundra's Web 2.0 vision (Computerworld)

Sunoco To Cut 20% Of Salaried Workers In Pa. (Dow Jones via CNN Money)

NextStage, Murex put $3.2M in AnySource 'Internet HDTV' (Philly.com: Phiily Deals)
AnySource Media Secures $3.2M in Funding (Company Press Release)

Ben Franklin TechVentures plans expansion (Lehigh Valley Live)

NitroSecurity nabs UK’s Chronicle Solutions (Mass High Tech)
NitroSecurity acquired Philly area company RippleTech Inc. last year and is backed by NewSpring Capital.

RedVision Raises $6.8 Million (PE Hub)
Backed by Edison Venture Fund.

Key Hearing for Philly Dailies is Delayed (Editor & Publisher)

610 WIP Philadelphia to move to FM? (Radio Insight)

Be Mindful Of Online Consequences (The Bulletin)



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SAP to Reduce Business ByDesign Staff?

I think that's what this Bloomberg article is saying when it refers to SAP's "rental software project". The article also says the "workforce will be reduced to 1,800 from 2,600 as large parts of the software are already developed".

Update:
SAP: Business ByDesign SaaS Is 'Mature' (Information Week)
How can a product that's only being tested by 10 to 20 customers be considered "mature"?

Another thought: Does it really take 2600 people to create some SaaS software? Maybe thats been their problem.