Lockheed, Obama Administration in middle of political storm over layoff notice issue
Tom Paine
The US Department of Labor's guidance to defense contractors not to issue layoff warning notices (under the WARN Act) to employees who might be effected by sequestration has raised a political furor, and Lockheed Martin is in the middle of it.
Lockheed had said in June it was considering sending the notices to all of its 123,000 employees, which would go out shortly before election day. But on Friday the Office of Management and Budget said the contracting federal agencies would cover “employee compensation costs for [Worker Adjustment and Retraining Notification] WARN Act liability as determined by a court”. Subsequently, Lockheed announced on Monday it would not be issuing notices as planned in early November.
Lockheed has tens of thousands of employees in Virginia, a key swing state, according to one estimate. Lockheed also has some 9200 employees in the Philadelphia area, according to the Philadelphia Business Journal. They are located primarily in King of Prussia, Newtown, and South Jersey.
Republicans assert that the Administration is skirting the requirements of the WARN Act for political expediency.
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Daily Links 10/3/2012: Redbox to begin ticket sales in Philly, partnering with Comcast-Spectacor's New Era Tickets
Redbox to expand into event ticket sales at kiosks (Chicago Tribune)
Starting in Philadelphia this month; partnering with Comcast-Spectacor's New Era Tickets.
Civic engagement startup ElectNext helps you decide on the issues (VentureBeat)
T-Mobile, Metro PCS announce merger (Washington Post: Post Tech)
Can you say MetroPCS iPhone? T-Mobile sure can (Gigaom)
Ellison hawks Oracle's cloud stack, calls out Salesforce.com
Oracle offers customers an integrated, more modern architecture than the competition, Ellison says (Computerworld)
Meet Comcast's IP-Only Set-Top (Light Reading Cable)
BizEquity Announces New Independence Platform
First and leading cloud-based business valuation service announces new version of its patent-pending Valuation as a Service product (Business Wire)
Fall 2012 Hack Days (Monetate Engineering Blog)
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Highlights last week on Philly Tech News (9/24/2012 to 9/30/2012)
Follow @phillytechnews
The US Department of Justice completed its review of SAP's $4.5 billion acquisition of
Ariba, SAP and Ariba announced on Friday. SAP subsequently said it had closed the deal on Monday, October 1.
I wrote about the launch of Blue Kangaroo, a deal search and recommendation site with an office in King of Prussia. The site had been in beta for a year under the name ChoozOn.
Quewey, a business Q&A site that pivoted in August to arranging social gatherings for
individuals with common professional interests, indicated on Twitter and craigslist that it was moving out of its Rittenhouse Square offices at the end of September and was selling off furniture.
The Wall Street Journal Journal revealed its 50 "Next Big Thing" startups. There were no Philly area companies included, but First Round Capital placed four of its portfolio companies on it. Also, Josh Kopelman announced First Round Capital's "Dorm Room Fund", which will dedicate $500,000 to fund ventures by college students in the Philly area, with investments eventually to be chosen by student committees.
Highmark will be taking over responsibility for managing most of Indepedence Blue Cross' information technology.
And I "reintroduced" Philly Tech News' Philly Tech Search Engine, which now covers 1600 sites.
Subscribe in a readerSubscribe to Philly Tech News Weekly Highlights by Email
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phillytechnews twitter feed 9/30 to 10/1 2012
Follow @phillytechnews
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Posted: 01 Oct 2012 06:27 PM PDT
phillytechnews: RT @GAFollowers: Tornado watch until 9pm for metro Atlanta and most of north Georgia. #ThereWontBeATornadoDoe
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Posted: 01 Oct 2012 05:34 PM PDT
phillytechnews: RT @gruber: I'm worried Bobby Valentine is going to fired before this game is over.
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Posted: 01 Oct 2012 03:13 PM PDT
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Daily Links 10/2/2012: Deutsche Telekom reported near deal with MetroPCS; Clearwire may delay LTE build
iPipeline Announces Appointment of Paul Melchiorre as New President (Business Wire)
Ex-Ariba, SAP exec takes top job at iPipeline (Philly.com: Philly Deals)
NetSuite Updates With “Two-Tier” Version for Larger Companies
(All Things D)
Marketing partners will include Dell Boomi.
Oracle sheds more light on database 12c, Exadata X3 (Computerworld)
Oracle's Ellison focused on Cloud, not deals (Reuters)
SAP Exec: Oracle CEO's Claim 'Fries My Brain' (SAI: Enterprise)
Deutsche Telekom Said to Near Deal With MetroPCS in U.S. (Bloomberg)
Clearwire May Delay Network Buildout as Comcast Converts Stake (Dow Jones Newswires via NASDAQ.com)
Meet The Ubuntu Women - They're More Involved Than You Think (ReadWriteWeb)
Features former Philadelphia resident Elizabeth Krumbach.
SunGard Partners with Regus to Power Expansion of its Workplace Availability Business to 550 Cities Worldwide
Agreement represents a 2,000% growth in available workplace recovery facilities for SunGard Availability Services’ customers (Business Wire)
Fisker CEO Still Aiming to Make Plug-in Cars in Delaware (Bloomberg)
University City District celebrates 15 year anniversary (Daily Pennsylvanian)
Internet-only grocer now making rounds in Philly (Philadelphia Inquirer)
Lockeed Martin win: Protest of big defense contract by SAIC denied (Philadelphia Business Journal)
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SAP completes Ariba acquisition
SAP today announced it had closed its acquisition of Ariba, now valued at $4.51 billion.
SAP had announced late Friday that the Department of Justice had completed its review,
terminating the Hart-Scott-Rodino waiting period, evidently without requiring any conditions.
Dennis Howlett looks at what might happen next.
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Daily Links 10/1/2012: Workday sets IPO range; would value company at up to $3.85 billion
Workday sets IPO terms valuing company at up to $3.85 billion (Reuters via San Jose Mercury News)
Scheduled to be priced on October 11.
Oracle’s Ellison Says Server, Database to Challenge SAP (Bloomberg)
SAP to Reach 2015 Cloud Target Without More M&A, McDermott Says (Bloomberg)
SAP: Warm, Good Vibe About ‘Hana,’ Says Barclays (Barron's: Tech Trader
Daily)
Here's What Happened When We Got On The Phone With Ex-Yahoo CEO Scott Thompson (Silicon Alley Insider)
How a rogue appeals court wrecked the patent system
Federal Circuit Appeals Court marks 30 years of spreading the "patent gospel."
(Timothy B. Lee/Ars Technica)
Timothy B. Lee is a Philadelphia-based writer on tech policy issues.
Did Lockheed Martin Just Win Virginia for Obama? (The Atlantic Wire)
A bit of an overstatement, I'm sure. But its worth noting that Lockheed is the eighth
largest employer in the Philly area with 9200 employees, according to the Philadelphia Business Journal.
Comcast SportsNet Houston to launch Monday (Houston Business Journal)
Comcast protests fiber firm's plan to piggyback on Ramsey County project (St. Paul Business Journal)
Value Of Early Fisker Stake Drops By Two-Thirds After New Money (Green Car Reports)
Devon IT Expands Offices In China and India Sparked by Growing Demand for Thin Clients and Virtualized Desktops in Asia Pacific Market (Business Wire)
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Philly Tech People News 9/30/2012
Quality Systems appoints COO (AP via Business Week)
Quality Systems' primary business is EHR vendor NextGen Healthcare of Horsham.
Ex-Yahoo! Chief Thompson Gets a Spot on the Board of Kabbage (Business Week)
Nutrisystem still searching (Philadelphia Business Journal)
Anexinet Hires Susan Haindl as
Vice President of Delivery (Anexinet Web Site)
Meet Arcweb (Chris Cera)
Richard Fox Joins TMMI Advisory Board (Marketwire)
TelVue Corporation Appoints Emmett Hume as Chief Financial Officer (Marketwire)
Subscribe to Philly Tech People News by Email
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DOJ clears SAP's $4.3 billion Ariba acquisition; to close next week
Tom Paine
SAP AG and Ariba Inc. announced yesterday that the U.S. Department of Justice has terminated the waiting period under the Hart-Scott-Rodino Act, which allows SAP's acquisition of Ariba to be completed. The companies say they plan to close the acquisition in the first week of October.
SAP annnounced an agreement to acquire California-based Ariba for $4.3 billion in May. Ariba provides a cloud-based service for B2B business commerce and procurement.
SAP and Ariba had received a second request for information from DOJ in early July.
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