GSI Commerce Announces Public Offering of Common Stock (Business Wire)
USA Technologies, Inc. Announces Successful Conclusion of Rights Offering (Business Wire)
The Neat Company raises $7.3 million
Scanner software business nabs capital for sales, marketing, and development (Vator News)
Automated Media-Buying Platforms Gaining Traction (MediaPost: Online Media Daily)
Interesting investment by Safeguard Scientific; perhaps a little different area than most of their recent deals.
Software AG Makes Bid to Acquire IDS Scheer
Software AG has made an offer to acquire IDS Scheer (whose Americas headquarters is in Berwyn) for EUR 15.00 per share.
Dr. Scheer and his cofounder have already agreed to sell their combined holdings which amount to 48% of the voting rights in the company. The takeover price would be approximately EUR 480, roughly a 40% premium on its current price.
I'm just surprised that it didn't end up with SAP, which I had assumed had kind of an informal right of first refusal. But this
doesn't preclude SAP buying Software AG some time in the future.
Software AG / Publication of the decision to make a public takeover offer pursuant to Section 10 Paras. 1 and 3 in conjunction with Sections 29, 34 of the German Securities Acquisition
Software AG agrees to buy stakes in IDS Scheer; tender for rest (Reuters)
CardioNet shares sink on reimbursement rate cut (Reuters)
CardioNet shares down 33% on the day.
Unisys Provides Preliminary Second-Quarter 2009 Financial Results and Announces Price at Which Common Stock Will Be Issued in Private Debt Exchange Offers (Business Wire)
Home Box Office and Comcast to Launch HBO® and Cinemax® on Broadband for the First Time Nationally Through On Demand Online (Business Wire)
WorldGate settles with Mototech
(Philadelphia Business Journal)
Microsoft Steps Up Talks With Potential Razorfish Buyers (PaidContent)
Why Microsoft Isn't Likely to Sell Razorfish (Ad Week)
Study: Brands Must Do Better in Social Media (MediaPost: Online Media Daily)
Razorfish study.
Philadelphia's stake in plans for massive lithium-ion battery factory in Ky. (Philly.com: Philly Inc)
Pipeline Buys 3D Markets for Options (Traders Magazine)
3D Markets was based in New Hope.
iGuard.org Expands Reach of Medication Safety Alerts and Recalls to Microsoft HealthVault Members (Business Wire)
New iPhone Mobile Register App Helps Keep You in the Green (PR.com)
OUT OF THE BLUE Produces New Interactive Patient Videos For Top Pharmaceutical site (PharmaLlive)
Neo-Pangea Teams with Wal-Mart to Launch 3-D Zone (Philly AD Club News)
A New Venture (Bickel Blog)
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People News 7/12/09
Lori Schultz Joins Yoh as President
Current President, Bill Yoh, Becomes Chairman and Assumes New Role as Chief Customer Officer for Parent Company Day & Zimmermann (Business Wire)
OKI Data Americas Announces Reorganization of Management Team
Reorganization Will Optimize Communications with Tokyo-Based Parent Company OKI Data Corporation (Business Wire)
Core Solutions, Inc. President Selected as SATVA Board Secretary (eMediaWire)
Cable price controls fast disappearing (Philadelphia Inquirer)
Olympics channel hits roadblock
USOC, Comcast raise issue with network IOC sez USOC channel jumped the gun (Variety)
Failure To Lift Off
VOD Posts Solid Growth, But It's No 'Killer App' (Multichannel News)
Verizon: Get off home phone
Union says co. wants to exit land-line business (Boston Herald)
Is Oracle getting ready to kill OpenSolaris? (Computerworld Blogs)
Daily Links 7/10/09: Advanta Lays Off Half Its Workforce; More Gannett Cuts in Jersey
Dentsu To Buy Razorfish? (BD Recruitment)
Today's "Heard on the Street" column in the Wall Street Journal (subscription required) suggests that the trend towards imposing sales taxes on electronic retailers like Amazon that do not have a physical presence in a state may benefit GSI Commerce, which already collects sales taxes for many of its clients that do have a "brick & mortar" presence.
TAGSYS Enhances RFID Infrastructure for Libraries (Business Wire)
Lockheed-Moorestown wins Japan work (Philadelphia Business Journal: Technology Blog)
Comcast Technician Arrested In Oregon Robbery
Check-Cashing Store Employee Hit in Head With Crowbar (Multichannel News)
I should create an entire section called "Weird Comcast News". There is an endless supply.
Starz Joins Comcast OnDemand Online (NewTeeVee)
Advanta to lay off half its employees (Associated Press via Forbes)
Gannett cuts 125 jobs from N.J. papers (Cherry Hill Courier-Post)
Probably more cuts also at the Wilmington News Journal, but haven't heard about them yet.
Geek Weekend: Philadelphia, PA
(CrunchGear)
SEO with Duck-Duck-Go Founder, Gabriel Weinberg (DreamIt Ventures Blog)
Wayne-based website integrates medicine, consumer-directed care (Keystone Edge)
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hhgregg Coming to Philly Area
The demise of Circuit City and Tweeter left the Philadelphia area with a lack of big box competition to consumer electronics retailing giant Best Buy. But new entrants are looking to fill the void.
Sixth Avenue Electronics has already opened a store in Montgomeryville, with another in the works in Wilmington and others to come. And yesterday hhgregg, a rapidly growing Indianapolis-based retailer, announced it will enter the Philadelphia market and other mid-atlantic states beginning in their 2011 Fiscal Year which begins in April 2010. The company plans to open between 40 and 45 new stores during fiscal 2011, with the majority of these new stores located in large and mid-sized metropolitan markets in the Mid-Atlantic region, including Philadelphia, Baltimore, and Washington, D.C. It has already executed leases for several of the stores to open in FY 2011.
hhgregg currently operates 112 stores in Indiana, Ohio, and several southeastern states.
Daily Links 7/09/09: The Tug of War For Razorfish; First Round helps fund CoTweet
Inside The Tug Of War For—And Within—Razorfish (paidContent)
Twitter CRM Service, CoTweet, Raises Series A Funding; Launches Public Beta. (TechCrunch)
CoTweet is based in Hershey, and First Round Capital participated in the funding.
(Update: So much for Hershey. CoTweet will be relocating to San Francisco.)
Help me rename "Lifestyle Business" (RedeyeVC)
SAP: Is the worst over? (ZDNet Blogs)
Comcast Finally Launches DNS Redirection
An additional revenue stream thanks to your butterfingers... (Broadband Reports)
DOJ Says Murtha Earmark Money Was Illicitly Distributed (Roll
Call)
Wayne firm a force for change, transparency in money management (Keystone Edge)
Local companies thrive with Apple
Catering to Mac owners proves a viable business (Baltimore Sun)
On MacMedics, which also serves the Philly area.
Crime lab saves energy costs by turning up heat in the data center (IT World)
TiVo Buddies Up With Best Buy
Companies Sign Five-Year Marketing and Product-Development Pact (Multichannel News)
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