Daily Links 6/19/2012: Report: LLR Partners to begin raising new fund later this year

Who’s Next to Fundraise? Try LLR Partners (PE Hub)
Says Philly-based LLR is expected to begin raising money for its fourth fund later this year.

Oracle sales exec departs: reorg, or rebuke? (ZDNet Blogs)

Oracle Rushes Out Q4 Results, Top Exec Departs (Information Week)

SAP Looking to Create 'distinguished Engineers' for Its HANA Database (PC World)

Data and Information Governance at Johnson & Johnson (ASUG News)

Why health IT systems integrate poorly today, and what future EHRs can do about it
The push for health data interoperability won't work unless the approach is modernized. (O'Reilly Radar)

Continue Reading

phillytechnews twitter feed 6/18/2012

phillytechnews: Confused why Microsoft using same name as Microsoft Surface Table

Posted: 18 Jun 2012 05:27 PM PDT

phillytechnews: Confused why Microsoft using same name as Microsoft Surface Table

phillytechnews: Yep, it’s a tablet: Microsoft introduces the Surface — paidContent http://t.co/AYRtuVUI

Posted: 18 Jun 2012 05:16 PM PDT

phillytechnews: Yep, it's a tablet: Microsoft introduces the Surface — paidContent http://t.co/AYRtuVUI

phillytechnews: Microsoft Unveils Its Mystery Device [LIVE BLOG] (Mashable) http://t.co/e6gYudoG

Posted: 18 Jun 2012 03:38 PM PDT

phillytechnews: Microsoft Unveils Its Mystery Device [LIVE BLOG] (Mashable) http://t.co/e6gYudoG

phillytechnews: Daily Links 6/18/2012: Oracle reports earnings early; Verizon launches FiOS Quantum with 300Mbps down http://t.co/smGU58CD

Posted: 18 Jun 2012 03:33 PM PDT

phillytechnews: Daily Links 6/18/2012: Oracle reports earnings early; Verizon launches FiOS Quantum with 300Mbps down http://t.co/smGU58CD

Continue Reading

Pennsylvania wants to tax the Cloud

Tom Paine





The Pennsylvania Department of Revenue issued a new letter ruling on May 31 (Sales and Tax No. SUT-12-001(pdf)) stating that a Pennsylvania user accessing cloud software over the Internet is subject to sales or use tax. The ruling states that accessing “canned software” on remote servers is subject to sales or use tax, as long as the user is based in Pennsylvania, no matter where the software or servers are located. The logic behind the ruling is that using cloud software from a Pennsylvania location is the same as the purchase of tangible personal property in the state.

The ruling appears to reverse a 2010 ruling that stated "access to software solely through the Internet is not a taxable transfer of software unless the server or data center resides in Pennsylvania". That ruling is no longer on the Department of Revenue's website.

Continue Reading

InterDigital (IDCC) up 27% on partial patent sale to Intel

Tom Paine

King of Prussia-based InterDigital (NASDAQ: IDCC) saw its stock soar as much as 30% today after announcing the sale of some 1700 patents to Intel for $375 million in cash. This intellectual property represents only a portion of InterDigital's total trove of some 20,000 patents. The patents sold cover 3G and LTE wireless technology and WiFi connectivity.

Last year, InterDigital considered selling its entire patent portfolio, but wasn't satisfied with the bids it received.

“This transaction, which involves a small portion of our overall patent portfolio, marks an important milestone of InterDigital’s stated strategy of expanding the monetization of its large and growing intellectual property portfolio", said Scott McQuilkin, Senior Executive Vice President, Strategy and Finance for InterDigital, in a statement.

Separately, InterDigital also announced today that it was doubling its share repurchase program to $200 million.



permalink

Daily Links 6/18/2012: Oracle reports earnings early; Verizon launches FiOS Quantum with 300Mbps down

Don’t Forget: TechCrunch Is In Philadelphia Tomorrow (TechCrunch)

Oracle Reports Q4 GAAP EPS Up 11% to 69 Cents; Q4 Non-GAAP EPS Up 10% to 82 Cents (Marketwire)
GAAP revenue up 1%. Oracle moved earnings release up from Thursday, as reports surfaced that a key exec (said to be North American sales chief Keith Block) is leaving company. Block's emails critical of Mark Hurd and Sun's hardware business came out during HP trial.

Oracle's sales and profit rise in latest earnings report (San Jose Mercury News)

Yep, it’s a tablet: Microsoft introduces the Surface (paidContent)

Verizon debuts FiOS Quantum with crazy 300Mbps download speeds (VentureBeat)

Ivan Seidenberg Joins Perella Weinberg Partners as Advisory Partner (Business Wire)

GSI in the New York state of mind (GSI Commerce Blog)

Oracle reportedly revealing 'key resignation' this week (ZDNet Blogs)

Continue Reading

Philly Tech People News 6/17/2012

Microsoft Veteran Nitin Bhatia Joins NextDocs to Further Drive Growth in Global Services
Bhatia brings decades of experience at Microsoft to his new role as leader of NextDocs’ Global Services team (Business Wire)

SunGard Announces Chief Financial Officer Transition (Business Wire)

SAP Ventures hires Clarkson as COO, managing director (San Jose Business Journal)

JK Group Names Robert E. Farina as Chief Executive Officer
Top Software Executive Joins Industry Pioneer to Drive Growth and Expand Product Portfolios (Marketwire)

iPipeline Increases Focus on Canadian Marketplace
Hires Canadian Insurance Expert to Support New Business Development Activities (Business Wire)

Universal Display Corporation Strengthens Management Team with Addition of New Vice President Mauro Premutico
Premutico, patent protection and intellectual property law expert, will support Universal Display’s continued growth as leading OLED technology licensing and materials supply company (Business Wire)


Ex-Canoe Exec Orduña Joins PayPal
Former Chief Product Officer of Cable's Ad Venture Aims to Strike Deals With MSOs, Others (Multichannel News)

John Schanz Receives InfoWorld Technology Leadership Award (Comcast Voices/Official Comcast Blog)

Continue Reading

Minority-Focused Startup Incubator DreamIt Access Gets Renewed Investment, Will Continue For Two More Cycles (TechCrunch)
DreamIt now accepting applications for Fall class in Philly.

15 Tech Scenes In Places You'd Never Think To Look (Fast Company)
According to Fast Company, Philly ranks with tech powerhouses like Savannah, Greenville SC, Grand Rapids and Hobbs NM.

New York: Techie Magnet (Wall Street Journal: Metro Money)
"Stylitics investor Kirsten Green, managing partner of Forerunner Ventures, told me she'd be less inclined to fund a start-up based in Philly, simply because of the logistical hassles."

The Great Replacement: Microsoft, Yammer, and a New World in Enterprise Computing (PandoDaily)

Will social software startups "collapse into the orbit" of the big vendors? (Dion Hinchcliffe/ZDNet Blogs)

Recent Philly VC Investments (Updated 6/16/2012)

Infonautics alumni meet to share experiences and what followed

Tom Paine

Former Infonauts (L to R) Edwin Watkeys, Alan Preston, Ron Berg, Lucinda Duncalfe, Rick Mosenkis, Josh Kopelman,
Marvin Weinberger, Andrea Michalek, Rich Gallagher, Mike Krupit (photo courtesy of John Ashmead)

"The Infonautics Team & A Generation of Startups" was held this past Tuesday at Quorom at University Science Center. I had written a brief background piece on Infonautic's history prior to the event. Although I wasn't able to cover the event, Mike Armstrong of the Inquirer and Technically Philly's Juliana Reyes both provided excellent reports.


Although this event was certainly most worthwhile, co-sponsors Novotorium and Seed Philly subsequently announced they had decided to cancel most of the remaining "Entrepreneur Summer Camp" schedule, of which this was the kickoff event, citing what might have been an overly ambitious program competing with many other activities for a sometimes sparse summer crowd, as Novotorium's Mike Krupit explains. However, the Summer Camp Not-a-Hack-a-Thon Entrepreneur Sleepover on June 27 & 28 is definitely a go.

permalink

Daily Links 6/15/2012: Microsoft reportedly in $1 billion deal for Yammer

Microsoft reportedly in $1 billion deal for Yammer (CNET News)

Take That Larry Ellison! Workday Is Expected To File For Its IPO This Month (SAI: Enterprise)

QlikTech Buys Expressor To Nix Scripting
Deal gives QlikView business intelligence software a graphical user interface to ease and speed data loading. (Cindi Howson/InformationWeek)

Exit Interview: Nitin Bhatia On Sharepoint, Yammer, Leaving Microsoft And Joining NextDocs (TechCrunch)
Obviously, they wanted to talk with Bhatia mostly about Yammer; NextDocs is hardly mentioned.


Hey, Comcast, the Rich Aren't That Different (Bloomberg Business Week)
Comcast's problem with Chappaquiddick.

ShopRunner picks up the pace
The shipping program offers members a way to make purchases in two clicks. (Internet Retailer)

Uber Wants To Drive You To The Philly Mini Meet-Up (TechCrunch)
What good is a 20% discount if their variable pricing just hikes up the price at the time?



permalink