Daily Links 7/19/2012: Five Below raises $163 million in IPO; shares jump 56% after offering

Oracle Buys Skire to Boost Its Primavera Project Management Software (PC World)
I haven't heard too much out of Oracle Primavera recently, but I believe it is still primarily based in the Philly area. Oracle acquired the project management software pioneer founded by Joel Koppelman, which at the time was based in Bala Cynwyd, in 2008. Koppelman, who has since left Oracle, is now listed as "Chief Sculptor at JMK Adventures" on his LinkedIn profile.

Five Below prices IPO at $17.00, at high end of the range (Renaissance Capital)
Philly-based retalier raises $163 million.

Five Below's shares soar in initial trading (AP via Philadelphia Inquirer)
Shares jumped 54% after offering. Update: Five Below (NASDAQ: FIVE) closed the day up 56%.


Philly Fed Firms Continue to Report Weak Business Conditions (Business Wire)

Philly Fed factory activity shrinks for third month in July (Reuters)

Burke Creates NBCU News Group to Oversee NBC News, MSNBC, CNBC
NBCU EVP Fili-Krushel to Serve as Chairman (Multichannel News)



Verizon wireline revenue disappoints, shares fall (Reuters)

Verizon CFO: More FiOS Price Hikes Coming
Telco Expects Lower FiOS Internet and TV Adds per Quarter From Here on Out (Multichannel News)

The Next Media Jackpot: The Fight For The $1 Trillion Hispanic Market (Forbes)

Cable guys to FCC: ISPs aren’t the bottleneck, Google is! (Gigaom)


Suddenlink Agrees to Buyout Led by Management, BC, CPP (Bloomberg)
Second sizable cable deal announced yesterday, the other being Cogeco Cable Inc. (CCA)’s agreement to buy Atlantic Broadband for $1.36 billion.

Lockheed Martin hoping big defense contract wins stand (Philadelphia Business Journal)


Deltek up for sale? (Washington Technolgy)
Lockheed is one name that comes to mind as a possible buyer.

Epicor CEO Pervez Qureshi Talks Company's Renewal, SaaS and Growth Plans (PC World)
Epicor has a presence in Yardley dating from its 2005 acquisition of Prophet 21.

Wayne's Deacom growing by leaps and brews, expects to hire six in next year (Keystone Edge)

Conshy Approves Deal for Waterfront Helipad, Dog Park
Company Kynetic to foot the bill. (Plymouth-Whitemarsh Patch)



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