Checkpoint Systems, Inc. Announces Fourth Quarter and Full Year 2008 Results (Business Wire)

7 venture firms form group to confront common issues (Philadelphia Business Journal)

CDI Corp posts Q4 profit below market estimates (Reuters)

ERT Reports Fourth Quarter and Full Year 2008 Results (PR Newswire via MSN Money)

Virgin Trains in race to realise Barack Obama's high-speed rail system (Times Online)
May bid on possible Boston to Washington route.

SAP's CTO shares his vision for SAP's product roadmap (SearchSAP.com)

Unisys Technology Center Sells for $19.5M
Unisys will Leaseback 50% of the Buildings (CoStar Group)

U.S. Internet firms defend tighter Web management (Reuters)

Cash-rich Comcast won't buy anything crazy: analysts (Philly.com: Philly Deals)

Canoe Makes Progress with EBIF (Media Experiences 2 Go)

Lockheed Martin Invests in Smart Grid Research and Development at Penn State University
(PR Newswire)

Rethinking CEO Salaries
Pay-for-performance structures are enjoying a resurgence. (Entrepreneur Magazine)
Highlights CRM software firm Mission Research of Lancaster.

West Philly non-profit's software bridging generational, cultural gaps (Keystone Edge)


Quote of the day:

"We are in a freaking depression!" said one exasperated Philadelphia-area Microsoft partner. "Ninety percent of my customers have not yet moved to Office 2007. Who cares about Office 14 or Exchange 14?"

VARs, IT shops in no rush for new Microsoft desktop (SearchITChannel.com)





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Yet Another California SAP Implementation on the Edge?

San Diego fires Axon over ERP implementation problems (ZDNet Blogs)

Liberty Media Reports Results for Full Year and Fourth Quarter 2008 (PR Newswire)
QVC revenue declines 8% in fourth quarter.
U.S. web sales rise, but total sales drop in 2008 for QVC (Internet Retailer)

Internet Capital Group Announces Fourth Quarter and Year-End Financial Results for 2008 (Business Wire)

Salesforce Hits $1 Billion Dollars In Annual Revenues (TechCrunch)

Kulicke and Soffa (KLIC) to Cut 215 Employees from Workforce; Sees Annual Savings of $12.4M (StreetInsider.com)

Rob Enslin Named President of SAP North America (PR Newswire)

SAP CTO: Coghead's engineers will help solve SaaS integration problems (SearchSAP.com)

Phila. fine-arts scene goes where youth are
YouTube, Facebook, Twitter are hot spots for tapping the online social-network crowd. (Philadelphia Inquirer)

HashCache
Vivek Pai's new method for storing Web content could make Internet access more affordable around the world. (MIT
Technology Review)
Princeton professor's research highlighted among MIT Technology Review's 10 emerging technologies for 2009.

Looking Beyond Docsis 3.0 (Light
Reading: Cable Digital News)

Wolters Kluwer profits down 3 percent in 2H 2008 (Associated Press via Forbes)
Wolters Kluwer Health is based in Conshohocken.

Entercom 4Q Revenues Drop 14% (MediaPost: Media Daily News)

Scala Launches Six Initiatives to Lower the Barrier to Entry for New Digital Signage Customers (PR Web)

Locust Walk Partners Launches (PE Hub)


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Do Lenders Want Tierney Out?

That's what it sounds like in this article.

Details, timeline emerge in Phila. Newspapers bankruptcy (Philadelphia Inquirer)



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ENTERCOM REVENUES DIP IN Q4 (Radio Ink)

Heartland Payment Systems Reports Fourth Quarter Earnings of $0.21 Per Diluted Share
Net Revenue Up 31% as Total Transaction Processing Volume Rises 23% (Business Wire)
Heartland Payment gives full-year earnings outlook, cuts dividend (Associated Press via Forbes)

Inquirer's owner begins court odyssey
Bankruptcy hearing to start long process of restructuring. (Philadelphia Inquirer)

U.S. cable, programmers set for Web TV by summer (Reuters)

A Canoe Venues Commentary: Less Booty for More Bounty (MediaPost: TV Board)

TR10: $100 Genome
Han Cao has designed a nanofluidic chip that could lower DNA sequencing costs dramatically. (MIT Technology Review)
BioNanomatrix highlighted among "10 Emerging Technologies" for 2009 by MIT Technology Review.

Instem Announces $2.6 Million Stimulus Package for PreClinical IT Market
Investment Aimed at New Users of Provantis™ Served over the Web – Applications To Be Accepted Through July 31, 2009
(Business Wire)

AGI Software Incorporates Microsoft Virtual Earth Platform (PR Newswire)

GenSight Advances Project Portfolio Management with Custom Interactive Charting (PR Newswire)

Coghead’s demise highlights PaaS lock-out risk (ZDNet Blogs)

No settlement in Oracle-SAP lawsuit (IDG via New York Times)

BI Vendor QlikTech Celebrates Success (IT
Jungle)

Supply Chain Consultants and MÖBIUS Form Partnership to Jointly Develop Multi-Echelon Inventory Software Solution (Business Wire)

The health ID piranhas attack (ZDNet Healthcare)

Google Chairman and CEO Eric Schmidt to Speak at University of Pennsylvania’s 253rd Commencement (University of Pennsylvania)



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Technitrol Announces Credit Amendment and 1H09 Outlook, Explores Options to Significantly Reduce Debt (Business Wire)

Bentley’s “Be Employable” Initiative Provides Free Software and Training to Help Sustain Infrastructure Professions (Business Wire)

SAP Revs up College Recruiting Effort With New Site (PC World)

Infosys identifies European SAP firms as potential targets (Economic Times of India)

Software Faceoff
SAP Takes Aim at DoD Work - and Rival Oracle (Defense News)

What Economic Meltdown? (Light Reading: Cable Digital News)

LTE-WiMAX contest winner could be HSPA+ for now (Network World)

Microsoft's Razorfish taps Rackspace for cloud hosting
Decided not to wait for Microsoft's own Azure service (ComputerWorld)

Devon IT Announces Comprehensive New Thin Client Solutions orderable from IBM (Business Wire)

New University Has STEM Education Mission (PR Newswire)

Biggest Creditor in Journal Register Bankruptcy Won $4 Million Suit (Editor & Publisher)



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Philadelphia Newspapers Seeking Bankruptcy

Philadelphia Newspapers Seeking Bankruptcy (New York Times)

Philadelphia Inquirer’s Bankruptcy Costs Owners Group (Bloomberg)

Tierney on Bankruptcy Filing (Podcast: Philly.com)

The Philadelphia Story's Latest Chapter: 11 (Recovering Journalist)



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Philly Tech Events

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Blame It On SAP ?

Yesterday I ran a piece on the State of California pulling the plug on a major SAP implementation after pouring $25 million into it.
Today there is a detailed article by the Marin Independent Journal about an entirely different SAP project in California (for San Marin County) that has cost $18.6 million so far and still has major kinks to work out. Officials seem to suggest that much of the blame in this case belongs with Deloitte. The article is worth reading as it goes into considerable depth and gives a detailed breakdown of project costs.


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SCTE’s CEO Thinks Business (Multichannel News)
The SCTE is based in Exton.

Redesigned web site is first step in NutriSystem’s new e-commerce strategy (Internet Retailer)

With stimulus help, physicians get wired (Wilmington News Journal)



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People News 2/22/09

Ken Citron Promoted to Chief Information Officer and EVP, Publishing Operations for Rodale (Business Wire)

EXPERIENCED SAP PLAYER TAKES LEAD TO FURTHER EVOLVE REGIONAL SME BUSINESS (SAP Press Release)

McClellan Upped At Comcast Entertainment Group
Cyndi McClellan tapped as executive VP of program strategy and research (Broadcasting & Cable)

Janney Continues Research Expansion with the Hiring of Goldman Sachs Analyst (Business Wire)

Mikros Systems Corporation Announces Executive Promotions (PR Newswire)

Lightwave Logic, Inc. Announces the Addition of Anthony J. Cocuzza, PhD to its Technology Team (PR Newswire)

DCG Enhances Capabilities with Addition of Senior Staff Member (Company Press Release)

ePharmaSolutions Adds Several Industry Clinicians to its Rater Certification and Data Monitoring Department (PR Newswire)

CONNEXION Healthcare Announces New Hires for 2009 (PR Newswire)



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