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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Journal Register Co goes Chapter 11

Journal Register Co seeks bankruptcy protection (Reuters)

Journal Register Company Files for Chapter 11 to Implement Pre-Negotiated Debt Restructuring; Expects Normal Operations to Continue Uninterupted (Journal Register Press Release)

Journal Register is based in Yardley. This was inevitable.



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First Round Raises Annex Fund

First Round Capital has closed on $9.74 million of a planned $15 million for an annex fund, Venture Wire reports. First Round Capital 2007 Annex Fund LP is to supplement the firm's previous angel funding, not its most recent venture fund, the $125 million First Round Capital II LP, according to Josh Kopelman.
Investors in the annex fund include Comcast Interactive Capital.



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Don’t Count Out Cable Online (New York Times: Bits)

Another High-Profile SAP Failure: State Of California (Silicon Alley Insider: The Business Insider)



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SAP Acquires Coghead’s Technology As It Looks Towards The Cloud (TechCrunch)
SAP snags Coghead (ZDNet Blogs)

Comcast: Canoe to Stay Afloat in '09 (AD Week)

The Cable Companies' Evil Plan To Take Down Hulu (Silicon Alley Insider: The Business Insider)

Pennsylvania PERS Gets Denominated
(PE Hub)

GiftCards.com Announces Acquisition of Swapagift.com
(PR Newswire)
Swapagift.com is based in Langhorne.

Waiting on a health IT czar (ZDNet Healthcare)

Albert Einstein Healthcare Network Will Implement Technology Designed to Improve Patient Care
Inpatient and Outpatient Facilities Will Use the Cerner Millennium Healthcare Computing Platform (Globe Newswire)

The Scott Partnership introduces ERT Inc.
The Philadelphia-based company unveils its dynamic new identity and commits to 'Getting It Done, Right'. (PharmaLive)
eResearchTechnology gets a new name.

David and Gooliath: How a Philly Startup took on Google and lived to tell about it. (Phillypreneurs)

Click Equations Paid Search Platform (Podcast: Webmaster Radio.fm)

ISGN ADDS ENHANCEMENTS TO LENSTAR DEFAULT NETWORK (Mortgage Orb)
ISGN is based in Bensalem.

Jason Roberts LLC Now Certified in Run SAP® Methodology (PR Web)



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SunGard 2008 Earnings Release

SunGard Announces 2008 Results (Business Wire)
Not bad at all, considering the fourth quarter meltdown of financial services companies and markets.

Listen to SunGard Conference Call.



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