Links 11/14/2013: Lockheed planning to close Newtown facility, with 1,000 employees

Follow @phillytechnews

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email




Lockheed Martin to close 1,000-employee Newtown site
(Philadelphia Business Journal)

Lockheed Martin To Consolidate Facilities, Reduce Costs (PR Newswire)

Lockheed lays off 240 in Moorestown (Philadelphia Inquirer)

Alteva's CEO gets grilled on future of landline business
(Times Herald-Record)

NBCUniversal Takes Full Ownership of Sprout Cable Network (New York Times)
Sprout is based in Fort Washington.

Wealthcare Capital Management announces the signing of a definitive merger agreement with NewSpring Holdings as its strategic growth partner (Business Wire)

Coin Is One Credit Card to Rule Them All
(Mashable)

Salesforce.com customers making broader investments, survey says (PC World)


Zoho adds enterprise features to its CRM software, eyes Salesforce.com (PC World)

Edison Ventures Completes $5 Million Follow-on Investment in RedVision Supports Growth of NJ-based Real Property Research Provider (PR Web)

InsPro Technologies Corporation Announces Third Quarter 2013 Financial Results (Business Wire)

Today in Philly Tech History November 13, 1963; Comcast's predecessor founded

Follow @phillytechnews

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

On November 13, 1963, Ralph J. Roberts purchased a 1,500-subscriber cable system in Tupelo, Miss., and two unbuilt Mississippi cable-TV franchises in nearby towns, for about $250,000.

At the time, cable tv systems existed mostly in rural or mountainous areas where picking up over-the-air channels via rabbit ears was difficult.

Today, Philadelphia-based Comcast is by far the largest US cable provider, with over 20 million video subscribers, millions more broadband and telephone subscribers, ownership of NBC Universal, annual revenue of more than $60 billion, and a stock market capitalization in excess of $120 billion.

Comcast will celebrate the anniversary internally on November 20. The Philadelphia Inquirer
wrote about the anniversary here.

Although cable systems are often sold or swapped, Tupelo remains a Comcast franchise to this day.