Highlights last week on Philly Tech News (8/20/2012 to 8/26/2012)

SAP co-CEO Jim Hagemann Snabe said in an interview with a German newspaper last week that "further acquisitions are possible", a comment that set off alarms for some because similar comments from him in the past have preceded major SAP buys. However, this time he specified that no particular deal was in the pipeline right now, and it seems unlikely to me that SAP would try to pull something else off until the Ariba deal is settled.

The proxy battle over NextGen Healthcare parent Quality Systems ended with what appears to be a partial victory for dissident shareholder Ahmed Hussein, as he and NextGen Healthcare founder and former Quality President Patrick Cline were elected to the board. Former NextGen President Scott Decker announced he was leaving the company. It was not clear whether the timing of the departure of Decker was related to the proxy battle. Electronic health records vendor NextGen, which is based in Horsham, constitutes most of Quality Systems' business.

Inc. Magazine released its annual Inc. 5000 report, and the top Philly metro companies are shown here. Leading the way are Leadnomics (Philadelphia), Accolade (Plymouth Meeting), and WebiMax (Mount Laurel).

Fallout continued from Comcast's layoffs at NBC's Tonight Show and Jay Leno's pay cut, which created a bit of a chill over the classic car market. Comcast won a stay from the US Court of Appeals' DC Circuit delaying enforcement of the FCC's order that the cable operator place the Tennis Channel on the same tier as the Comcast-owned Golf Channel and NBC Sports Network. And a story broke that Comcast-Spectacor and Live Nation were making a proposal that Virginia Beach build a new arena with the supposed promise of an NBA team (the Kings, it was rumored), though Comcast-Spectacor denied in a statement that any specific pro team was lined up. The proposal to Virginia Beach's City Council was to be made today.




I gave my view on the Department of Justice's approval of the Verizon Wireless-Cable spectrum sale and joint venture agreements.

And I enjoyed this New York Times article about the origins of the Cable TV industry and how it was related to the Philadelphia area.

A Federal judge in Philadelphia ruled that a lawsuit filed by Berwyn-based TruePosition (a unit of Liberty Media) against three major manufacturers alleging that they had effectively shut TruePosition out of an industry standards-setting process could proceed.



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