Daily Links 5/8/2012: QVC revenue up 5%; eCommerce now accounts for 39% of US revenue

Liberty Interactive Reports First Quarter 2012 Financial Results (Business Wire)
QVC revenue up 5% overall, 4% in US.

Mixed Q1 Bag At DirecTV
Net New Sub Adds Miss Targets, Churn, Cash Flow Beats Estimates (Multichannel News)

Pennsylvania Democrat worried Verizon deal will hurt constituents (The Hill)

NBCU Plans $190 Million In NYC Upgrades
Programmer to Renovate 30 Rock, Oher Installations over Next Two Years (Multichannel News)

Dell Cloud Introduces Simplified Cloud-Enabled Solutions for Running SAP(R) Applications in the Cloud (Business Wire)

SAP Said to Conduct Informal Acquisition Talks With MobileIron (Bloomberg)

How Hewlett-Packard lost its way (Fortune Technology)

What should we expect at SAPPHIRE? (Dennis Howlett/ZDNet Blogs)

For some in South Jersey, RCA is still dear (Philadelphia Inquirer)
Although some remnants still remain, its a shame that South Jersey lost so much of the ecosystem that existed around RCA.

EPAM Systems Reports First Quarter 2012 Results (MarketWatch)

Synchronoss slides as it cuts AT&T guidance (AP via Business Week)
Synchronoss is based in Bridgewater, NJ, and much of its engineering staff is located in Bethlehem. Its shares were down by as much as 22% during the day.

CardioNet, Inc. Reports First Quarter 2012 Financial Results (Business Wire)



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Highlights: Last week on Philly Tech News (4/30/2012 to 5/6/2012)

Comcast reported mostly positive Q1 earnings last week, with strong results from NBCU, and indicated that the initial launch of its new cloud-based X1 service was not too far away. Comcast also exercized an option to sell a "substantial" portion of its 16% stake in A&E Television Networks. Comcast Sports Group, in a partnership with local startup OneTwoSee, launched an in-game, audience participation application for Comcast Sports Group's coverage of Major League Baseball games.


A report that surfaced in the British press in March was confirmed as Exton-based iPipeline announced the acquisition of UK-based SaaS insurance information portal Assureweb. Terms were not disclosed.

South Jersey-based Checkpoint Systems, which has been struggling through a downturn for a while, saw a precipitous revenue decline in the first quarter, particularly in its apparel labeling business in Europe, leading it to replace CEO Rob van der Merwe with board member George Babich, Jr., a former President and Chief Financial Officer of Pep Boys, who became interim CEO and President.

Radnor-based Business Intelligence software vendor QlikTech announced its QI results, and the company now reports having 1157 employees and plans to add at least 100 more in Q2.

myYearbook parent Quepasa Corporation reported 30% revenue growth in its first full combined quarter of operations as it prepares for its transition to its new MeetMe brand and platform beginning this summer.

The war of words and numbers between Oracle and SAP reached new heights as SAP reacted to Oracle's latest attack on HANA performance and economics. On another front, Oracle said it will claim damages of $776.7 million (how did they ever reach such an exact figure?) in the retrial of its copyright infringement lawsuit against SAP, scheduled for next month. Meanwhile, SAP appointed Geraldine McBride, a native
New Zealander and SAP veteran who briefly left for Dell, as its new President of North America.

And Uber, the San Francisco-based on demand private car service of which First Round Capital was an early backer, finally launched in Philadelphia with Josh Kopelman as its first customer.




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