Showing posts with label Liberty Media. Show all posts
Showing posts with label Liberty Media. Show all posts

Joy, opening Christmas Day, brings early QVC days back to life


Tom Paine



 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email


Update 12/29: Dear Bradley Cooper, this is how you pronounce 'Lancaster' (PennLive)



Joy is a film about a real-life woman of that name, Joy Mangano, who became a best selling inventor, designer snd marketer of products, first on QVC snd later on HSN. Directed by David O. Russell and starring Jennifer Lawrence, Robert De Niro and Bradley Cooper, it opens on Christmas Day from 20th Century Fox.





Mangano, a Long Island native, became a merchandising superstar on QVC, first with the 'Miracle Mop' and then with a succession of other products. She sold her company to QVC rival HSN (originally Home Shopping Network) in 1999. The film portrays the long period of struggle in both her personal life and in achieving her career ambitions.

O.Russell apparently strayed from the straight biopic format, fictionalizing or in some cases slightly altering details of her life. He also created an amalgam of a character in the QVC executive played by Cooper, in part intended to portray founder Joseph Segal. The late Joan Rivers is played by her daughter Melissa.

There won't be a premiere in West Chester (it was held in New York). There doesn't seem to be a great deal of local buzz. Joy is going up against a film named Star Wars. And it was filmed in Boston, so don't expect any local scenery. Still, Joy has generated considerable attention.

Another aspect of the film's production was the emphasis placed on recreating the QVC studio environment of the time. "It was a huge push to get that done on camera. It was like The Wizard of Oz, going from black and white to color and also the feeling of going to the Emerald City,” explained Joy production designer Judy Becker to The Hollywood Reporter.

Some have made an issue of Comcast's role in the film. Since I have not seen it, I can't say to what extent Comcast factors into it, but its reign as majority owner lasted from 1995 to 2003 when it sold its stake to John Malone's Liberty Media, and my understanding is that the film covers mostly an earlier period. So it will probably not end with a dramatic showdown between Joy and Brian Roberts before her deciding to sell out to HSN.

I asked QVC for comment on Joy snd got no response, but of course QVC's involvement with her ended a long time ago. Joy Mangano is still a big star at HSN, however. The shopping network recently celebrated her 15th anniversary there, and a new line of her products is scheduled for a January 9th launch in selected stores, a first for her company.



I've written before about how the home shopping network business is like an insular, somewhat dysfunctional family, though Amazon may pose a distant external threat to break up the party.

But Mangano's career path might come full circle. QVCA, the tracking stock created by Liberty Media to hold QVC and related assets, owns 38% of HSN. And Liberty Media management has made it clear that if the price and tax impact are right, and the stars are properly aligned in the universe, they would like to buy the rest of HSN and combine it with QVC.


Comcast partnership with Braves on new stadium includes establishing major Atlanta R&D center


Tom Paine



 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email








Comcast today announced a partnership with the Atlanta Braves, in which it will provide all its technology goodies for the Braves' new stadium in suburban Cobb County, SunTrust Park, and the office and entertainment complex surrounding it. Comcast will also be an anchor tenant for an office tower in the complex. The stadium is scheduled to open in 2017.

What surprised me was that its plans for the office space are not only for it to house local employees serving the Atlanta market, where it is the major cable system incumbent. It also will have an Innovation Lab that will serve as a primary technology development hub for Comcast, along with the company's other major R&D centers in Silicon Valley, Philadelphia, and Denver.

Comcast plans to base about 1,000 employees at the new office, but its not known how many will be in the R&D workforce. (A Comcast spokesperson said they didn't have any numbers on that yet.)

A little back story: The Braves are currently owned by John Malone's Liberty Media. Cable pioneer Malone has been through the years both a frequent business partner and sometime nemesis to Comcast. He is currently involved in the pending Comcast / Time Warner Cable / Charter deal, through which Charter, in which Liberty Media owns a large stake, will acquire some of the subs Comcast plans to shed and enter into a joint venture with Comcast that will acquire other Comcast and TWC subs.

Comcast could also be interested in a cable rights deal with the Braves similar to the one it has with the Phillies. But last year Liberty Media renegotiated its previously subpar local cable package with Fox channels Fox Sports South and SportSouth. Its a long-term contract but of unknown length, and I don't know if it has any opt-out clauses that would allow the Braves to seek another deal. But the very fact that Liberty Media and Comcast are working together on the Braves makes me think other arrangements could be possible in the future.

See also Wall Street Journal blog article, Braves Hit Home Run With Comcast Deal.



Links 3/14/2014: Castlight Health soars on IPO; TruePosition to become part of new Liberty tracking stock







 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email



Liberty Ditches Plans to Acquire SiriusXM Radio, Embraces New Tracking Stocks
(Hollywood Reporter)
Liberty Broadband Group would house the firm's interests in Charter Communications, Time Warner Cable and Berwyn-based TruePosition.

Castlight Health soars in debut as cloud offerings shine (Reuters)

Alibaba reportedly planning April IPO (PandoDaily)



EBay cuts Magento staff; Product chief Duvall departs
(Silicon Valley Business Journal)
Reports about 50 jobs cut, mostly in San Jose office.


Embarcadero moves into data modeling with CA ERwin buy (PC World)
ERwin originated at a Princeton startup, Logic Works, a couple of decades ago before being acquired by another company that was later acquired by CA.

Will Comcast Go You-Tubing? (Multichannel News)

George Norcross' fund-raising invites sent to IGM newsroom employees (Philly.com)
How does one respond?

Zycus Procurement Technology Secures Armstrong as New Client (Business Wire)










Liberty Media says not finished looking at Time Warner Cable, other possibilities




Tom Paine



 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email


Despite Comcast's agreement to acquire Time Warner Cable, Liberty Media President & CEO
Greg Maffei says Liberty, which owns 27% of Charter Communications, is still looking at
opportunities to increase its subscriber base, trade pub Variety reported.

“We will certainly not take anything off the table in terms of what we think are in the best interests of Liberty Media shareholders,” Maffei said, speaking at Liberty's 4th quarter 2013 earnings conference call today.

Charter had bid $37 billion for TWC before Comcast swooped in with a $45 billion bid earlier this month.

Maffei indicated that Liberty could be interested in systems that Comcast might divest,
or would be prepared to act if the Comcast/TWC deal breaks up for any reason, though he
doesn't expect it to. Comcast had said it would probably divest three million subscribers
if it completed the deal. Maffei did suggest that the conditions for approving the merger
could be so burdensome to Comcast that it might consider other options.

Maffei indicated that Liberty had received plenty of interest from potential co-investors interested in participating in Liberty's consolidation strategy. Charter CEO Tom Rutledge said last week that "we are still interested in wisely acquiring subscribers."


Charter makes opening bid of more than $61 billion for Time Warner Cable; will & when Comcast get involved?





Tom Paine



 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email






Charter Communications has made its widely anticipated opening bid for the much larger Time Warner Cable, an offer that values TWC at $132.50 per share, or more than $61 billion including debt.

Charter has had discussions with Time Warner Cable but has said that TWC has been largely
unresponsive to its suggestions, and this bid is not expected to be accepted. Charter's goal, with the backing of John Malone's Liberty Media (which owns 27% of Charter), is to get the issue in front of TWC shareholders.

A combined Charter/TWC would be about 80% as large as Comcast's cable business in terms of video subscribers. Comcast is expected to show its cards on this deal at some point. Although Comcast hasn't publicly said its interested in acquiring all of or part of Time Warner Cable, sources have indicated that its been carefully surveying the landscape in preparation of such a possibility.

Malone built TCI into a giant cable operator that was sold to AT&T for $48 billion in 1998. AT&T subsequently agreed to merge its cable business with Comcast's in 2001 in a transaction valued at $72 billion.



Will Comcast respond to Malone's cable acquisition ambitions?



Tom Paine



 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email





John Malone's quest to roll up some smaller cable operators, using the 27% stake owned by his Liberty Media in Charter Communications as a starting point, to create a company that might be almost comparable to Comcast in scale is creating a buzz in the industry. Comcast, which is in the unique and enviable position of being almost twice as large as any other cable operator, presumably has advantages from that in terms of economies of scale, buying power over programmers, and the ability to lead in technology investments that it would like to maintain. So whether it would welcome Malone, with whom it has long done business but has at times been the target of his criticism, in his efforts to create a Comcast lookalike is uncertain. Through Liberty Global, Malone has already built a cable operator in Europe that's larger than Comcast in terms of subscribers.



US Multi-channel Video Provider Subscribers at End of Q1 2013


Cable Companies

Comcast 21,935,000

Time Warner 12,100,000

Charter 4,124,000

Cablevision 3,191,000

Suddenlink 1,211,900

Mediacom 999,000

Cable ONE 588,180

Other Major Private Cable Companies* 6,895,000
Total Top Cable 51,044,080


Satellite TV Companies (DBS)

DirecTV 20,105,000

Dish Network 14,092,000

Total Top DBS 34,197,000


Telephone Companies

Verizon FiOS 4,895,000

AT&T U-verse 4,768,000

Total Top Phone 9,663,000

Total Multi-channel Video 94,904,080


(Top multi-channel video providers represent approximately 94% of all subscribers)

Source: Leichtman Research Group, Inc.


On the other hand, Comcast needs to be careful not to appear to be getting in Malone's way because it would be certain to raise red flags with industry watchdogs and agencies like the FCC and DOJ. The FCC tried a few years ago to impose a cap limiting any one company to 30% of the total US pay TV market (including satellite and phone company services) only to see that struck down in the courts. Comcast's overall share of total pay TV subscribers has actually declined in recent years, as satellite and telco providers have continued to grow while Comcast and other cable operators have been essentially flat in terms of video subscribers; it is now about 22%. While no absolute legal limit exist on Comcast, realistically it would face strict regulatory scrutiny, as well as its own financial constraints. It is still on a short rope with the Feds due to the conditions attached to the NBCU deal, although those conditions did not (to the best of my knowledge) include explicit limits on buying other cable properties. Also, it has been generally assumed that Comcast doesn't feel it needs to significantly expand its market share (through acquisition) to achieve its strategic aims, although it has always wanted to maintain the flexibility to do so. The NBCU acquisition was in part an effort on Comcast's part to diversify its assets away from a heavy dependence on distribution and its cable infrastructure.

So if Comcast were going to acquire, who would it target? There is no way it would be allowed to swallow #2 Time Warner Cable, even if it somehow could. All or part of Long Island-based Cablevision certainly could be a possibility, and there have been reports that the Dolan family that controls it might have some interest in a sale. It is presumed by industry insiders that Cablevision's more natural partner would be Time Warner Cable, since they both have New York City area bases. But geographically, Cablevision might be attractive to Comcast as well, with its service areas in New Jersey and Connecticut potentially being good fits. Cablevision, which has climbed in recent days because of the takeover speculation, has a market value of about $5 billion, although its also carrying about $10 billion in debt.

There are certainly other scenarios that could occur involving horse trading among the major cable operators, and all of this is simply hypothetical at this point. But with Malone sounding poised, according to recent reports, to move sooner rather than later, it will be interesting to see if Comcast gets into the fray or remains on the sidelines.



permalink


After Delaware court ruling, Liberty Media split-off to occur on Friday; What does it mean?

Tom Paine


Liberty Media Corp announced yesterday that the Delaware Supreme Court had ruled in its favor in turning down an appeal of a previous Delaware Chancery Court ruling denying a challenge to its long-planned split-off, clearing the way for the move to be completed on Friday.

Everything Liberty does under Chairman John Malone might seem rather confusing to to some; his corporate structure and transactions are often geared towards maximizing tax advantages, among other goals. Liberty has been a constantly evolving investment vehicle. Malone, who has some Philadelphia connections (he was a top exec at Horsham-based General Instruments early in his career and his son Evan is founder of Philly's NextFab Studio and is also on the board of Liberty Media), is not reluctant to sell assets at the right price, and when the tax implications are favorable, then redeploy funds into what he sees as a more favorable opportunity.

Liberty Media before the split-off has consisted of three "tracking stocks"; Liberty Interactive (LINTA), consisting primarily of West Goshen Township-based QVC and some other smaller interactive eCommerce companies; Liberty Capita (LCAPA), which has interests in several media companies and also includes Berwyn-based wireless locator TruePosition and the Atlanta Braves; and Liberty Starz (LSTZA), which holds the movie channels that operate under that name. Tracking stocks are investment vehicles which reflect the value of a company's assets, but the shares do not actually represent legal ownership of part of those assets. Confusing, uh?

When the split-off is completed, Liberty Media will be renamed Liberty Interactive. Liberty Interactive (including QVC), will now be an asset-backed stock (shareholders will actually own part of the assets) as opposed to a tracking stock. Liberty Capital and Liberty Starz will continue to be tracking stocks under a new Liberty Media parent.

There will be a lot of cash (up to $10 billion), although its not clear exactly where that will be allocated and some will be used for share buybacks. The split-off opens the door for a number of rumored or possible plans to move forward:


  • Acquisitions and investments: "We've been pretty frozen by this split-off interregnum," Malone was quoted as saying at Liberty's annual shareholder meeting earlier this month by Multichannel News. "You can probably expect a lot more activity by us post the split-off".
  • Liberty Interactive may move to buy the roughly 70% of HSN (parent of Home Shopping Network) it does not own and integrate it with QVC.
  • Rumors have been floating around that Liberty Starz could be acquired, with Time Warner named as one possibility.
  • I could see some possibilty of a move with TruePosition, which doesn't particularly fit with other types of Liberty interests and could fetch a nice price because of the wireless IP goldrush.
  • You could also see some movement with the Atlanta Braves, if a good buyer is out there. Liberty acquired the Braves as part of an asset trade with Time Warner, and nobody has believed it has a long term strategic interest in it.

Beyond that, QVC could benefit from an increased strategic emphasis on building a larger eCommerce business around it.



permalink



Daily Links 9/21/2011: Ex-SAP CEO Apotheker might be on the way out at HP

Liberty Media Zooms As Court Upholds Appeal On Spin-Off (Barron's: Tech Trader Daily)
Implications for QVC, perhaps TruePosition, as well as the Atlanta Braves.
Liberty Media's press release. Split-off expected to be completed Friday afternoon, Liberty says.

HP Board Said to Weigh Ousting Apotheker as CEO (Bloomberg)

Is HP competing for "worst board ever" honors? (Reuters)

Oracle Gains After Corporate Software Spending Boosts Profit (Bloomberg)

SAP's Software-Only Innovation Challenge (Josh Greenbaum/Information Week)

Analyzing the Crossgate Acquisition: An SAP and Market Perspective (Spend Matters)

Comcast upbeat about 3Q performance, CFO says (MarketWatch)

Turner Goes to Bat for Playoffs in Philly
TBS turns bus stops into dugouts to promote baseball
(Broadcasting & Cable)

Cable wins broadband subs as telcos take TV (Gigaom)

Why Did Rosum Sell Out? (Directions Magazine)
Rosum recently sold its patent portfolio to Berwyn-based TruePosition.

Heartland Payment sees growth in market share, margins (Reuters)

Greenlight LaserFocus Now an SAP-Endorsed Business Solution for Automated User Access Risk Remediation (Marketwire)



permalink


Daily Links 8/9/2011: QVC revenue up 8%; Strong international growth

Liberty Media Reports Second Quarter 2011 Financial Results (Business Wire)
QVC revenue up 8% (stronger internationally) and operating income up 4%; Liberty hopes to complete split-off of Liberty Capital and Liberty Starz in 3rd quarter after Bank of New York's appeal is heard in the Delaware Supreme Court in mid-September.

WVT Communications Finalizes $17 Million Acquisition of Alteva
New Organizational Structure Established
(Marketwire)

Tax issue spurs PhillyCarShare to sell to Enterprise (Philadelphia Inquirer)

Clearwire: Merrill Now Sees Going Concern Risk; Target 50 Cents (Forbes: The Tech Trade)

Dish Network Lost 135,000 Subscribers in Second Quarter

 (Hollywood Reporter)

HSBC in Talks to Sell Credit Card Portfolio (New York Times: DealBook)
Prospective buyer said to be Capital One, which agreed to acquire Wilmington-based ING Direct USA in June. HSBC has already phased out its credit card operations in Delaware.

A Career Venture Capitalist Responds To Criticism From BI Commenters (Business Insider)
By First Round's Charlie O'Donnell.

Great Hill Partners Acquires Plimus for $115M USD (Business Wire)
Exit for Bala Cynwyd-based Susquehanna Growth Equity.

This App Could Save Your Life (Wired: Epicenter)

Deacom to Begin Testing Its Newly Developed SaaS Based CRM System (SBWIRE)

NetSuite stops selling to smaller businesses. Congratulations (ZDNet Blogs)

Dell, NextGen Team On Cloud-Based Services
Dell will sell NextGen's suite of healthcare applications and provide hosting as it targets the EMR marketplace.
(Information Week)

HITECH Act Blocking Smaller IT Firms
The Health Information Technology for Economic and Clinical Health Act prevents some small and midsize IT services firms from pursuing new healthcare business opportunities, says a CompTIA report.
(Information Week)



permalink



Daily Links 7/7/2011: Lengthy contract extensions for SAP co-CEOs

Lubert-backed SmarterAgent lures NY, Seattle techs (Philly.com: Philly Deals)

SAP: No Change at the Top as Board Extends CEO Contracts (PC World)

Rimini Street second quarter bookings, revenue jump (ZDNet Blogs)

Can Comcast Stop Losing Video Subscribers? (Light Reading Cable)

OH My! Omnicom, Horizon Team Up To Pitch Comcast (MediaPost: Media Daily News)

Comcast to hike rates 3.3% for cable TV customers (Lancaster Intelligencer Journal)
Not clear from this article which parts of Pennsylvania this applies to right now, but they'll probably get everyone eventually.


Major ISPs agree to "six strikes" copyright enforcement plan (Ars Technica)

Liberty Media’s Malone Says Buyouts of Live Nation, HSN May Make Sense (Bloomberg)

Third Circuit Remands Newspaper-Broadcast Rule Change Back To FCC
Upholds Decision Not To Loosen Other Regs
(Multichannel News)

Back to the future for Safeguard (Philadelphia Business Journal)

APAC Customer Services to be Acquired by One Equity Partners
(Business Wire)
JPMorgan investment arm will merge APAC with Horsham-based NCO Group.

Turntable.fm and the Siren Song of the Start-up Pivot (Betabeat)
First Round Capital portfolio company reportedly raising funds at $40 million valuation.
Update: Turntable.fm  funded  at $37.5 million valuation

Commonwealth Court rules in Department of Public Welfare's favor over its bid award to Deloitte Consulting LLP (Harrisburg Patriot-News)

With new web addresses, Internet continues to grow (Philadelphia Inquirer)



permalink


Daily Links 6/7/2011: NBC wins Olympic rights; 76ers deal may be close

Comcast bids for Olympic-coverage rights (Philadelphia Inquirer)
Comcast should be finishing its presentation to the IOC right about now.

NBC wins U.S. TV rights to four Olympic Games through 2020 (USA Today)

NBC holds onto Olympics through 2020 with $4.3-billion bid (LA Times: Company Town)

Sources: 76ers sales talks ongoing (ESPN)

Clearwire, Comcast And Sprint Widen WiMax In Philly, Pittsburgh
Philadelphia 4G Network Now Covers 4.37 Million People; Pittsburgh Up to 830,000
(Multichannel News)

Liberty Media Reports Appeal in Bank of New York Bank Case (Bloomberg)

SAP Wins Court Approval of Sybase Shareholder Settlement (Bloomberg)

2011 Be Together: The Bentley User Conference ‘Keynote Report’ (Business Wire)

Cloud Expo: Talking to Rick Nucci, Boomi CTO (Dell Community: Inside Enterprise IT)

Felix Zandman: The Man Who Wouldn't Quit (EBN)

Google's Eric Schmidt Will Be Featured Keynote at Kenexa 2011 World Conference (Marketwire)

Google VP Mohan Speaks Display Ads, Invite Media At Conversational Marketing Summit (AdExchanger.com)

An Epic Morning in the Exam Room (Wrench in the System)





permalink


Daily Links 5/20/2011: Liberty Media Offers $1 Billion For Barnes & Noble

Updated: Liberty Media Offers $1 Billion For Barnes & Noble; Would Buy 70 Percent (paidContent)
Equity in B&N would be held in its Liberty Capital unit, which is slated to be spun off from Liberty Media this summer. Which suggests that this move is not related to QVC's strategy, since QVC would remain part of Liberty Interactive.

Tweet about FCC member’s new job at Comcast sets off firestorm (Washington Post)

Issa Asks FCC to Explain Baker’s Departure for Comcast After Deal Cleared (Bloomberg)

NBC's Dick Ebersol is a vanishing breed in button-down corporate media world (LA Times: Company Town)

Comcast, Moto Invest in CMAP Startup (Light Reading Cable)

Watch Out, iTunes! Verizon Could Push Its VOD Service Over-the-Top (Gigaom: NewTeeVee)

Verizon to swap unlimited data plans for tiers, shared family plans (Ars Technica)

Kenexa shares soaring Friday (Philadelphia Business Journal)

Marc Benioff on Salesforce.com’s “Monster Quarter” and the Road Ahead (All Things Digital)

Rooting for growth
Is Central Pennsylvania cultivating an environment for investment?
(Central Penn Business Journal)

Happy trails to Cris Conde (Finextra)



permalink


The small, highly interconnected world of Home Shopping Channels: QVC, HSN, ShopNBC (and Comcast)

Liberty Media, which announced quarterly results on Friday, also said it expects to complete its long planned split-offs of both Liberty Starz (the movie channels) and Liberty Capital (which includes the Atlanta Braves and most of Berwyn-based TruePosition, among other holdings) this summer. This follows a favorable ruling the week before last in Delaware Chancery Court against bondholders challenging the split-offs; a vote for shareholder approval is scheduled for May 23.


That will leave Liberty Media with what is now called Liberty Interactive, consisting largely of West Chester-based cable shopping channel giant QVC. Liberty Interactive will then become an asset-backed company, instead of a "tracking stock" like Interactive, Starz, and Liberty Capital are now. A tracking stock is a strange financial device (in my mind) that has mostly gone out of fashion in which the holder does not actually own a legal share of the underlying assets of the company, but rather a sort of virtual share that reflects its value.


This transition has several implications, but one of them is, in the view of many analysts, that it will be more likely that Liberty will try to acquire the other two thirds of HSN (parent of Home Shopping Network) that it does not already own and integrate it with QVC. Liberty Chairman John Malone and CEO Greg Maffei have both suggested in the past that this might be a logical outcome at the right price. HSN has annual revenue in the $3 billion range and a current market capitalization of about $2 billion (see Home Shopping Network On Comeback Trail) ; QVC's annual revenue is about $7 billion and Liberty Interactive's market cap is over $13 billion.


What are Comcast's interests in this market? It owned a majority of QVC from 1995 until 2003, when it sold out to Liberty Media. Now, through NBCU it controls about 13% of Minnesota-based ValueVision, which operates under the brand name ShopNBC through a license from NBC. ValueVision, which was struggling not too long ago, has been doing better recently and has become a sort of "QVC West" as it has imported much of its top management team from QVC (including CEO Keith Stewart). ValueVision is still a relative minnow, with under $1 billion in revenue and less than universal cable distribution. Comcast has not commented on what intentions it may have for ValueVision. Some speculate that Comcast may seek to increase its stake or even try to take control of ValueVision, so it has a hedge against the domination of a possible QVC/HSN combination in the category and a way to participate more directly in the emergence of interactive ecommerce applications delivered through Cable TV.



permalink


Daily Links 4/29/2011: SAP Ordered to Post $1.3 Billion Bond in Oracle Case

SAP Ordered to Post $1.3 Billion Bond in Oracle Case (Bloomberg)


Social Media Has Little Impact on Online Retail Purchases [STUDY] (Mashable)
So says Forrester/GSI Commerce study.

GSI 1Q loss deepens before acquisition by EBay (AP via Business Week)

Summary of the Amazon EC2 and Amazon RDS Service Disruption in the US East Region (Amazon Web Services)

DirecTV Execs Talk Premium VOD, Streaming Video (Hollywood Reporter)

Should DirecTV Buy Dish? (Forbes: The Tech Trade)

Charter Said to Hire Citi, Goldman to Sell California Systems (Bloomberg)

Delaware Court of Chancery Rules in Favor of Liberty Media Corporation (Business Wire)

Motorola Mobility narrows loss as phone sales rise (AP via Business Week)


Motorola Mobility's Set-Top Shipments Jump 24% In Q1
Home Segment Revenue Up 8% to $904 Million
(Multichannel News)


Verizon Devising Uber Strategy for Home Services (Light Reading)

ING Direct Lets Customers Pay Friends By Bumping iPhones (Mashable)


Telcos Still Muscling Into the Cloud
(ReadWriteCloud)

SAP Project Woes Impact Ingram Micro's Profits (PC World)

NetSuite Jumps 15% on Earnings (Barron's: Tech Trader Daily)



permalink


Daily Links 4/25/2011: Netflix tied with Comcast for number of US video subscribers

IT, Your Fifteen Years are Up
Cutting the IT Bottom out of SAP’s Peach Basket
(SAP Searchlight)

The Case for ERP Consolidation (Mint Jutras)

More companies opting for smaller ERP over marquee systems, report finds (SearchManufacturingERP.com)

Unisys Announces First-Quarter 2011 Financial Results (PR Newswire)
Revenue down 7%; increased loss on charge.

Leighton Yohannan Invests in PayCommerce and Named Chairman
(PR Newswire)

For Netflix, Higher Earnings and a Milestone (New York Times: Media Decoder)
Essentially tied with Comcast in US subscribers.

Netflix Falls as Second-Quarter Profit Outlook Misses Estimates (Bloomberg)

Liberty Media’s Greg Maffei on the future of the television industry (Washington Post: Post Tech)

Tennis, Comcast To Volley Before FCC Administrative Law Judge On Monday
Network Seeks Broader Distribution In Program Carriage-Complaint
(Multichannel News)


Tru2way: Cable’s Path to IP Video?
CableLabs Demo Showcases DVRs Pumping Content to Multiple Devices
(Multichannel News)

Michael Dell is Keeping His Head in the Clouds (Gigaom)



permalink


Daily Links 4/18/2011: Do Ebersol and Comcast disagree on Olympic strategy?

Olympic$ hurdle for Ebersol and Comcast (New York Post)

Key SaaS Software Executive Leaving SAP (PC World)

SAP denies acquisition rumours (v3.co.uk)
SAP moving closer to HP in market value, Bill McDermott notes.

MoneyTree: Venture funding up significantly in Philadelphia area (Philadelphia Business Journal)

Susquehanna Growth Equity Acquires MediMedia Information Technologies, LLC (PR Newswire)

New Invite Media Sales Chief, Bruce Falck, Discusses The Road Ahead For Google’s Demand-Side Platform Business (AdExchanger.com)

SavingStar Brings Coupon-Clipping Into Digital Age (Wall Street Journal: Venture Capital Dispatch)
First Round Capital invests again in $7 million second round for Massachusetts company.

Exclusive: Flipboard Confirms $50 Million Funding at $200 Million Valuation (All Things Digital)
Comcast Interactive Ventures a new investor.

Liberty Sets May Date for Spin-Off Vote
Spin Would Make Liberty Interactive Asset-Backed Stock
(Multichannel News)

MRO Corp. Acquires Release-of-Information Services Vendor Keystone Management Solutions (Business Wire)



permalink


Daily Links 2/28/2011: Bel Fuse makes $246 million bid for Philly's Pulse Electronics

Comcast, NBC deal opens door for online video (AP via USA Today)

Comcast CEO Brian Roberts Calls Netflix Streaming Service a Positive (Hollywood Reporter)
Roberts: "What Used To Be Called 'Reruns' On Television Is Now Called Netflix".


Hogging Bandwidth Could Crack Netflix’s Piggy Bank (paidContent)

Boehner Says Vote To Invalidate Net Rules Could Come In March
House Speaker Says Chamber Will Act Because FCC Has Yet To 'Explain The Need For This Intrusion'
(Multichannel News)

Comcast: The Next Big Capital Allocation Story, Says Goldman (Barron's: Tech Trader Daily)

Liberty Media Reports Fourth Quarter and Year End 2010 Financial Results (Business Wire)
QVC Q4 revenue up 4%.

QVC, Starz Drive Liberty Q4 (Multichannel News)


Deborah M. Gage Named President and CEO of MEDecision
Experienced Senior Executive Brings Wide-Ranging Health IT Background to Leadership Role
(Business Wire)

Bel Fuse makes $246M offer for (Philly-based) Pulse Electronics
(AP via Forbes)
A few years ago it was the other way around, but Pulse (then named Technitrol) was the larger player at that time in terms of market value.

Motorola’s Xoom Tablet Sales Have Started ‘Relatively Well’ (Bloomberg)

Larry's Long Reach (Forbes)
On Larry Ellison-backed NetSuite.

Salesforce.com Falls; WSJ Reveals “The Truth Behind…The Hype”
(Forbes: The Tech Trade)

PPUG Spring 2011 reviews wrap-up (ZDNet Blogs)



permalink