A few tidbits

"Morgantown is the next Exton, Malvern, and King of Prussia", says Glenn Porter, a manager at software services provider LMC Software Solutions, according to the Inquirer. LMC recently received VC funding and moved from Chester County to Morgantown. Where in the heck is Morgantown, you ask? (Actually, its in Berks County).
Philly-based Urban Outfitters reported a same store year-to-year sales increase of 11%, which is rather remarkable though admittedly coming off a bit of a down year. Urban Outfitter's direct-to-consumer channel (its eCommerce business) grew 42% and is now running at $86 million a quarter.
The reported problems and shutdown of J&J's McNeil Lab's Fort Washington plant may have a human origin, but could it also raise question about the production and quality control software systems used there, I wonder?
Chester-based sales comp software vendor Synygy has announced it is opening new sales offices in the UK (to serve the EMEA market) and Singapore (to serve Asia).
Retailer Wireless Giant has opened a new store at Philadelphia International Airport featuring BlackBerry devices, software and services.


Daily Links 5/7/2010: QVC revenue up 11%

ICG Announces First Quarter 2010 Financial Results
ICG Reports Core Consolidated Revenue Growth of 24%
(Business Wire)

FCC Declares War on Broadband (Light Reading Cable)

Comcast May Now Regret Suing the FCC Over Net Neutrality (PC World)

Liberty Media Reports First Quarter 2010 Financial Results
(PR Newswire)
QVC revenue up 11%.

Entercom Communications Corp. Reports First Quarter Results
Free Cash Flow Increased 135%
(Business Wire)

Azavea puts Philadelphia on the map (Philly.com: Philly Inc)

Battery manufacturer to expand (Allentown Morning
Call)

Samsung, Motorola tops in U.S. mobile subscribers (CNET News)




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Internet Capital Group ups stake in ICG Commerce

Internet Capital Group has increased its stake in ICG Commerce of King of Prussia from 64% to 76% by spending $35.3 million to acquire shares from another investor. ICG intends to acquire the additional 5% of the company owned by non-management investors. The deal would appear to value ICG Commerce at around $300 million.
ICG Commerce specializes in procurement outsourcing, helping large clients manage their "spend function". The company reported revenue growth of 28% in 2009.

Press Release