RecycleBank Raises $28.25 million

RecycleBank, the recycling program company that was founded in Philly but later moved to New York, has raised $28.25 million,
according to PE Hub. The company had previously raised $32 million.
Its hard to root for a company that left Philly for New York, but they stiil have operations and people here.

Update: RecycleBank representatives tell me they have 32 employees in Philadelphia.

Daily Links 11/02/09: Read Write Web Praises Proton Media

Comcast Said to Be Close to Gaining NBC Universal (New York Times)
Comcast finalizing deal for NBC Uni stake (Hollywood Reporter)
Meanwhile, Broadcasting & Cable suggests that the first thing Comcast will look to do after buying NBC Universal is to sell off the NBC network, holding on to the cable channels and presumably the Universal Studios. Not sure how this makes sense.

Comcast Should Buy Netflix Instead Of NBC (Silicon Alley Insider)

Innovation education at Weiss Tech House is spawning new companies (Philly.com: Philly Inc)


Proton Media: The Most Advanced Collaboration Technology in the Market? (Read Write Web)
Proton Media is based in Lansdale.

Boston Wonders Where Its FiOS Is
Verizon bumps Boston down priority list in revenge move... (Broadband Reports)

Family awarded $16.5 million for wrongful death in 'Hold Your Wee for a Wii' contest (Engadget)

Entercom Communications Corp. Reports Third Quarter Results (Business Wire)

Philadelphia Inquirer, Macy's, Congratulate Phillies For Winning Second Straight World Series (Silicon Alley Insider)

Technitrol Reports Q309 Results, Board Declares Dividend
(Business Wire)

Intelligroup Q3 EPS Rise to $0.09 versus $0.06 on 330 Basis Point Gross Margin Improvement (Business Wire)

First Round Capital Entertainment Summit (Nothing to Say)

INRIX Traffic Powers ALK's CoPilot(R) Live(TM) Smartphone Navigation in North America (LBSzone.com)



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Philly Tech Events Calendar

People News 11/1/09

imc2 health and wellness adds Lisa Flaiz as vp, strategic growth (Philly Ad Club News)

Integration Shuffle: Razorfish’s Kinsella Tapped As Digitas’ North American President (paidContent)

SAP APPOINTS NEW HEAD OF GLOBAL ECOSYSTEM AND PARTNER GROUP (SAP Press Release)

Cable-Tec Expo 2009: SCTE Board Elects Foote Chairman
Arris's Bob Foote Named Chairman of Professional Association (Multichannel News)

OWN Names Exec VP of Distribution
Oprah Winfrey Network taps Allan Singer for post (Broadcasting & Cable)


Dynasil Announces Mr. Ken Morse as Commercialization Advisor (Business Wire)




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Microgrids: A $2.1B Market in the Making? (VentureBeat via New York Times)

Delay In Naming Bid Winners
NTIA Will Wait A 'Few More Weeks’ Before Saying Who Gets Broadband Stimulus Funds (Multichannel News)

FlyCast Opens Mobile Content and Monetization Platform to Third Parties (Business Wire)



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Former GoInternet.net owner pleads guilty to fraud (Philadelphia Inquirer)

CardioNet, Inc. Provides Update on Mobile Cardiovascular Telemetry Reimbursement (Business Wire)

Daily Links 10/30/09: ‘Bill Gates of Belgium’ Fights SAP With Free Software

Unfinished Windows 7 Feature Turns Laptops Into Wi-Fi Hotspots (PC World)
Philadelphia firm finds the secret.

MyYearbook deepens push into virtual cash with toolbar, Target cash cards (VentureBeat)

‘Bill Gates of Belgium’ Fights SAP With Free Software (Bloomberg)

Oracle vs. SAP: Battle of the Fall 2009 Balance Sheets
A head-to-head examination of how the two software giants were able to increase net income during a global recession in which revenues plunged. (CIO.com)

Is BI ready to meet the real world? (ZDNet Blogs)

Quality Systems 2Q profit rises on boosted sales (Associated Press via Forbes)
Quality Systems' NextGen Healthcare Information Systems is based in Horsham.

Going Full Gilt: DailyCandy Gets Into Sample-Sale Game (paidContent)
Taking on new GSI Commerce acquisition.

Why Your Broadband Meter Is Running Late (GigaOM)

Verizon's FioS Deployment Enters A New Chapter
Carrier will likely pause deployment to market to existing footprint (Broadband Reports)

Addressable Advertising: Still in the Pipe-Cleaning Stage (Advertising Age)

FCC Economist: Congestion Pricing Could Mean Efficient Network Operation
Cable Operators Have Been Talking About Charging More For Bandwidth-Heavy Users (Multichannel News)


Funding shortfall stymies tech-transfer capabilities (Philadelphia Business Journal)

8 Central Pa. companies receive Ben Franklin funding (Central Penn Business Journal)

Video: Bing subjugates Pa. middle school to jingle (Seattle Post-Intelligencer: Microsoft Blog)
This is terrible. They are indoctrinating young children in Horsham into becoming Microsoft followers. Shades of Obama and
Burlington.



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Daily Links 10/29/09: Comcast's new IPTV project

Comcast Forges 'Excalibur' for IPTV (Light Reading: Cable Digital News)

Comcast NBC deal held up by various issues-sources (Reuters)

Former NBCU Chairman Says Now Is Not The Time For An IPO (paidContent)

Motorola Forecast Beats Estimates on Cost Reductions (Bloomberg)
Quarterly Shipment Numbers: Q3 2009 (Motorola: Media Experiences 2 Go)

InterDigital Shrs Jump On Strong Q3 (Barron's: Tech Trader Daily)

SAP Focuses on SMBs, Unconcerned by Oracle's Sun Acquisition (eWeek)

Viridity Energy Congratulates PECO on Smart Grid Advances and ARRA Stimulus Funding
As project partner of the $200 million grant awarded to PECO, Viridity Energy will support the implementation of smart grid technologies (Business Wire)

CDI Corp. Reports Third Quarter 2009 Results and Announces Dividend (PR Newswire)

ERT Reports Third Quarter 2009 Results (PR Newswire)


Philadelphia Fed’s Plosser Sheds Yankees Past for World Series (Bloomberg)

New York vs. Philadelphia: The venture scene (Philadelphia Business Journal: Technology Blog)


G.E.’s Bid to Connect Computerized Health Records (New York Times: Bits)
Cites Pennsylvania's Keystone Health Information Exchange as an example.


MapQuest Updates Its Maps - But is it Too Late? (Read Write Web)
MapQuest was co-headquartered in Lancaster last time I checked.




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Daily Links 10/28/09: SAP shares plunge after forecast reduction

SAP Cuts Software-Sales Forecast; Shares Decline (Bloomberg)
SAP Software: No Global Upturn Yet (Business Week)
SAP helps sink NASDAQ, but the software maker may be a poor indicator (Daily Finance)

Unisys Announces Third-Quarter 2009 Financial Results (Business Wire via Reuters)
Unisys actually makes a profit!


Unisys venture wins $500m contract extensions (Philadelphia Inquirer)

Operator of ‘Private’ Web Sales Is Acquired (New York Times)

Philly Papers’ Fate Uncertain, As Lenders Reject Settlement (paidContent)

Droid Unveiled in NYC (GigaOM)


Nokia-Apple row may last more than 1 year (Reuters)

InterDigital Announces Third Quarter 2009 Financial Results
Net Income Triples to $30.6 Million, or $0.69 per Share (Business Wire)

CMC Flips Open Yellow Pages On TV
HITS AxiS Service Launches Commercially for Small/Midsize Operators (Multichannel News)

Mistras Delivers 19.3% First Quarter Revenue Growth and Announces FY2010 Guidance
(PR Newswire)

SAP BusinessObjects Explorer Offers Better Search, User Interface (eWeek)

Obama tech adviser Susan Crawford plans departure (Washington Post: Post Tech)


Reed Technology Launches Comprehensive, Web-based Drug Label Database (Business Wire)



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Comcast Puts Yellow Pages On TV (Forbes)

Three Philly Area Companies Receive Smart Grid Grants

Three Philly-area utility companies received grants under the "Smart Grid" program unveiled by President Obama today:

• PECO, Philadelphia:

Deploy 600,000 smart meters and supporting sytems ($200,000,000)

• PPL, Allentown:

Deploy a distribution management system and smart grid
technologies to monitor and control the grid in real-time ($19,054,516)

• PJM Interconnection, LLC, Valley Forge

Deploy over 90 phasor measurement units and other
digital monitoring and analysis technologies across 10 states that will provide real-time data on the operating conditions of the transmission system, improving reliability and reducing congestion. ($13,698,091)

Atlantic City Electric Company also received a grant for $18,700,000 to improve grid efficiency.


See Grants by State

Obama Promotes ‘Smart-Grid’ Projects (New York Times:The Caucus)



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