The Risk of Junk Upends Leverage (Breakingviews.com via New York Times)
Focuses on SunGard.

Google finally sued by makers of Finally Fast (CNET News)

What should SAP do with its $5bn war chest? (ZDNet Blogs)

Verizon, Comcast To Compete For Pittsburgh Cable Customers
Pittsburgh, Verizon Reach Tentative Cable Agreement (The PittsburghChannel.com)

CardioNet’s strong pulse
Stock price drop a blip on screen? (Philadelphia Business Journal)

People News 7/06/09

Kramer leaving Finch for MEDecision (Philadelphia Business Journal)

Lori Sofianek to Join WorldGate as Senior Vice President of Customer Operations
(Business Wire)

IMS Names Kimberly Gray Chief Privacy Officer, Americas (Business Wire)

Canoe Hires Schaffer As Head Of Finance
Former CEO of Consulting Firm Reports to David Verklin (Mutichannel News)

Emerio Names Vice President for USA (Company Press Release)

UniRisX, a provider of SaaS-based solutions for the insurance industry with offices in Conshohocken, announced three appointments. David Hollander, formerly a managing director at Accenture, was named CEO. Jonathan Kalman, managing partner of Jaguar Capital Investments, was named chairman of the board. David Plate, also from Accenture, was named vice president sales and business development, North America.

Two Join Regulatory DataCorp Board (Business Wire)

Dynasil Announces Dr. Gerald Entine as New Director (Business WIre)

William Ashton Named Founding Dean of the Mayes College of Healthcare Business and Policy (University of the Sciences)



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Updating Recent Philly VC Investments

Below is a table showing IT-related venture capital investments in the Philadelphia area in the second quarter, at least those that I am aware of. It should not be considered a complete record of deals in Q2; the PricewaterhouseCooper/MoneyTree report that should be out soon always includes some deals that have not been previously announced. But as you can see activity in Q2 looks much better already than what happened in Q1.
One company I have removed from the list that was on the PwC/MoneyTree Q1 report is a stealth company called "OSS 1701", listed as being Wilmington-based. It turns out that the company has nothing to do with Delaware, as far as I can tell, other than possibly being incorporated there. It is based in Redwood City, CA. The company actually turns out to be a pretty big deal; it is a cloud platform startup called webappVM, backed by Marc Andreessen among others. Possibly the founders or investors had it shown as being in Delaware in order to protect its stealth status by keeping it out of the Silicon Valley rumor mill.