Highlights last week on Philly Tech News (12/17/2012 to 12/23/2012)

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From Philly Tech News:

Newtown-based systems integrator EPAM Systems acquired Empathy Lab, the Conshohocken-based digital strategy and design firm.

The Philly Fed manufacturing index snapped back from a weak, Sandy influenced November reading to go back into positive territory in December, and an indicator of future business confidence also improved.

I looked back to December 2001, when Comcast announced its huge, transformative acquisition of AT&T Broadband.

From other sources:

Google indicated it would try to sell its Horsham-based Motorola Home unit before the end of the year, and it succeeded in reaching a deal to sell it to Georgia-based cable tech firm Arris for $2.35 billion, mostly in cash. Google will end up owning about 16% of Arris.

Comcast crossed the $100 billion market value level for the first time (although it closed today slightly below that level).

Oracle acquired Northern Virginia-based Marketing Software as a Service firm Eloqua, perhaps creating a challenge for Salesforce.com since many of its customers integrate Salesforce solutions with Eloqua.

Wayne-based Healthcare IT firm Medecision is laying off 83 employees, mostly in software and tech support areas.

And First Round Capital released its always anticipated Holiday video, this year a combination of "Call Me Maybe" and "Gangnam Style".


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