Highlights last week on Philly Tech News (10/22/2012 to 10/28/2012)
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I profiled Ben Franklin Technology Partners Northeastern Pennsylvania's expanded TechVentures incubator, which is scheduled to host the first Lehigh Valley Startup Weekend this coming weekend (November 2-4); the power is back on there today.
Comcast posted strong 3rd quarter results on Friday boosted in part by the Olympics, but management is hopeful that there are signs that a longer-term turnaround is beginning at NBCU.
The 2012 Philadephia 100 was named and honored at a ceremony on Wednesday evening;
Dynamic Defense Materials LLC was ranked #1, WebiMax #2.
In news from other sources, Philadelphia Mayor Michael Nutter announced a new seed fund, Startup PHL, which will seek to leverage $3 million coming from the Philadelphia Industrial Development Corp with a $3 million match from a fund manager to be selected; there will also be a $500,000 "idea fund".
Safeguard Scientifics announced CFO Stephen T. Zarrilli would succeed Peter Boni as CEO at the beginning of November. SAP raised it's full year revenue outlook after reporting third-quarter software license revenue that beat analyst estimates. There was another outage at Amazon Web Services' Northern Virginia data center, impacting some Philly firms, this one apparently caused by a memory leak and failure of a monitoring alarm system.
Quote of the week: NBCU CEO Steve Burke: "Unfortunately we don’t own any television station in Ohio".
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