Sabre Industries of North Wales withdraws IPO

Sabre Industries, a North Wales, PA, provider of equipment and services to the energy transmission and wireless industries, announced today it was withdrawing its planned IPO, "due to the current pricing environment for initial public offerings". It had planned to go public later this week, selling seven million shares at between $12 and $14 per share.


PE firm Corinthian Capital Group is the majority investor in Sabre Industries, whose primary products are towers and poles for wireless communications an energy transmission. Sabre reported a net loss of $9.6 million on revenues of $264.3 million for the 12 months ended Jan. 31.

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)





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Vishay Intertechnology Mourns the Loss of Its Founder, Dr. Felix Zandman (Business Wire)
"Dr. Zandman was born in 1928 in the Polish city of Grodno and in October 1941, he and his family were arrested by the Nazis and sent to the Grodno ghetto. Dr. Zandman survived the Holocaust by hiding with his uncle Sender and other people under the floor boards in the house of a Polish family for 17 months."

Comcast Buys Blackstone’s Universal Parks Stake for $1 Billion (Bloomberg)

Comcast expands IPv6 trial
Hundreds of broadband subscribers nationwide test next-gen Internet service (Network World)

Verizon Offers Mix-And-Match FiOS Bundles
Telco Lets Customers Upgrade Elements for $5 to $10 Extra Per Month (Multichannel News)

Fed's Plosser: jobs data doesn't change view (Reuters)

Salesforce.com's Benioff talks growth, Microsoft (Network World)
Benioff: "They might as well rename Azure 'Azune'. It's basically having the same level of success".

Apple launches iCloud; here’s what powers it (Gigaom)

HP shifts to purpose-built systems
Bundling servers, storage, networking, software and services is increasingly important to HP -- and the IT industry (Computerworld)

EBay acquires Magento, builds a commerce OS (Gigaom)

Olympic Rights: U.S. Networks Gear Up For Games' Auction
Comcast's NBCU, Disney's ESPN/ABC, News Corp.'s Fox SportsTo Convene With IOC In Switzerland On June 6-7 (Multichannel News)

Philly Tech People News 6/5/2011

GSI Commerce Selects Tobias Hartmann as Chief Executive Officer of GSI Commerce’s Global Operations Organization (Press Release)

ThingWorx Expands to Meet Demand for Operational Innovation Through Its Platform for a Connected World
Manufacturing, M2M and Smart Grid among the first industries to benefit from growing universe of connected devices and systems (Business Wire)


Beth Roberts Named COO, UCP & EVP, NBCU Cable Entertainment, Cable Studios
Exec Will Oversee Growth Of UCP, Business Affairs For USA, Syfy, E!, G4, Among Others (Multichannel News)

Universal Taps Nicholas Carpou as Co-President of Distribution (Hollywood Reporter)

Acclaris makes Philadelphia-area man CEO (Philadelphia Business Journal)

Tribal boss goes to SunGard (Education Investor)

TimeSight Systems Extends Management Team With Seasoned Sales Executive (Marketwire)

QuiqMeds Appoints Steven H. Kane as Chief Executive Officer (Business Wire)

Lattice Taps Noted Executive Leader To Accelerate Company’s Growth (Business Wire)

BFTP/SEP Appoints Jon E. Zelinsky, PE, Manager of GPIC Business Development (Ben Franklin Technology Partners SEP)

Comcast VC arm leads stampede to San Francisco's 1 Kearny St. (San Francisco Business Times)

New technology beams power over sound waves (CNET News)

FCC to Issa: Baker Sought Ethics Advice on Move to Comcast (Wall Street Journal: Washington Wire)

Mark Lazarus, new NBC Sports head, is no stranger to big deals (LA Times)

FCC Broadband Map Takes Additional Heat
$300 Million 'Map to Nowhere' (Broadband Reports)

Kenexa Slides As Longbow Downgrades Rating To Neutral (Forbes: The Tech Trade)

Interoperate and Integrate with New Bentley Applications (AECCafe Weekly)
News from last week's Bentley Systems user conference, BE Together, in Philadelphia.

SAP sees opportunity for better ties with H-P (MarketWatch)

Why Choplifter Creator Dan Gorlin Decided to Return to Games (Giant Bomb)

Archer Group's founders passing on the reins
Partners will take over daily operations (Wilmington News Journal)

Groupon Files for IPO to Raise $750 Million (All Things Digital)

Comcast To Offer Free ID Theft Protection
MSO Offers 'Identity Guard' Service in Basic and Premium Tiers (Multichannel News)

NPR Chief Who Resigned After O'Keefe Prank Goes to NBC News
(The Atlantic Wire)

CBS will steer clear of Olympics bid (LA Times: Company Town)

Healthcare IT spending to hit $40B this year
More than 72% of physicians in the U.S. use smartphones (Computerworld)

HIStalk Interviews Howard Landa MD, CMIO, Alameda County Medical Center
(HISTalk)
Compares Siemens & NextGen implementations to Epic.

DTC Advertising And Diminishing Returns? (Pharmalot)

SEPTA unveils real-time tools for bus and trolley riders (PlanPhilly)

Time Warner Cable CEO Sees Opportunity For Broadband-Only Customers (Dow Jones Newswires via NASDAQ.com)

Comcast and Ascent Data Announce Technology Collaboration
(PR Newswire)
Comcast's first foray into enterprise cloud services, although this appears for now to be only a
small partnering arrangement. Comcast has indicated that they are not in the hunt for a major cloud acquisition.

Former NPR CEO Vivian Schiller Set to Land at NBC News (All Things Digital)

Netflix chief Reed Hastings extols the virtues of writing big checks in Hollywood (LA Times: Company Town)

Cisco Tries to Loosen Moto's Grip on Tier 2 Cable (Light Reading Cable)

Venmo Now Overnights Funds To Your Bank Account (Mashable)

Health-Record Vendors Led by GE May Gain From U.S. Privacy Rules
(Bloomberg)

Passionfly wins 1st place in Drexel incubator competition Philly.com: Philly Inc)

Radnor-based Cross Atlantic Capital Partners Invests in Rootstock Software (Business Wire)

Quality Systems and its Horsham-based NextGen Healthcare continue rapid growth; NextGen reports first payment to client for "Meaningful Use"

Quality Systems, whose business consists primarily of NextGen Healthcare of Horsham, reported its earnings last week. For its 4th quarter, net income was up 42% on revenue growth of 24%. For the full 2011 fiscal year, revenue reached $353.4 million, up 21%, and net income was $61.6 million, an increase of 27%.


Quality Systems' market value is now $2.5 billion; its shares are up to $86 from $56 a year ago.


NextGen Healthcare, whose electronic health record (EHR) systems are targeted primarily towards smaller medical practices, is benefitting from the Obama Administration's HITECH Act of 2009, which offers significant subsidies to physicians who convert to EHRs and achieve the government criteria for "meaningful use". NextGen reported last week that one of its clients just became one of the first providers to receive payment for demonstrating meaningful use.


NextGen Healthcare says it has more than 1200 employees.



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Daily Links 5/31/2011: Report: Comcast plans to buy Blackstone's stake in Universal's Orlando Parks

Comcast to Buy Blackstone's Stake in Universal's Orlando Parks (Exclusive) (The Wrap)

Comcast Cuts Ribbon on Low-Cost High-Speed Broadband
Internet Essentials program provides broadband access, subsidized computer equipment (Broadcasting & Cable)

Comcast’s Schiller Shifts To Run Digital Ad Sales At NBCU Networks Division (paidContent)

Delaware business: Venture capital has begun flowing again (Wilmington News Journal)

Teachers give a gold star to a free-for-all education camp (Philadelphia Inquirer)

3-D software helping firm grow (phillyBurbs.com)

Here’s How You Might Be Able to Watch Live TV, For Free, on Your iPad (All Things Digital)
First Round Capital-backed Bamboom.

SAP And Sybase: The Synergy Begins (Information Week)

Why SAP’s VC arm is dabbling in online advertising (FT Tech Hub)

Oracle says ERP software woes are school's own fault (Computerworld)



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