financial

Edison Venture Fund said Tuesday it has completed a $5.75 million follow-on investment in the Neat Co., a Philadelphia maker of hardware and software for scanning and organizing receipts, business cards and other documents

MentorTech Ventures, which is located near the Neat Co. in Philadelphia’s University City section, also participated in the $7.3 million financing.

Source: Philadelphia Business Journal

Shares of InterDigital Inc. sank Thursday after the wireless technology company issued third-quarter revenue guidance below Wall Street expectations.

InterDigital forecast revenue for the quarter ending Sept. 30 in a range of $54 million to $57 million, excluding any potential impact from new agreements or additional royalties.

Source: Forbes

Kenexa (Nasdaq: KNXA), a global provider of talent acquisition and retention solutions, today announced its operating results for the second quarter ended June 30, 2008.

The AP is reporting that Comcast showed an 8% jump in profits in it's second quarter this year.

While they continue to loose television subscribers to rival Verizon and others, the loss was within analyst expectations. The growth is attributed to an increase in subscribers for the digital voice service.

Comcast is now the one of the largest phone companies in the U.S.

The Philadelphia Business Journal is reporting that Franklin Electronic Publishers Inc. President and CEO Barry Lipsky laid-off 10% of it's workforce in May.

HATBORO, Pa – April 5, 2008 – InfoLogix, Inc. (NASDAQ: IFLG),
a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today that it has acquired substantially all the assets of Delta Health Systems, Inc. a company specializing in providing strategic cost management consulting services to hospitals across North America. The assets acquired include Delta’s proprietary On-Demand Executive Information System (EIS) for strategic cost management and productivity within hospitals.

"Kenexa CEO Rudy Karsan is an incredibly smart (former actuary) and normally honest and straightforward guy. At least for the first three of the six years I've known him. He's certainly done an impressive job welding together the 27 companies he acquired in the last 21 years into Kenexa. The company expects to sell more than $220 million of its deep selection of HR software and services this year.

Comcast Corp. posted 14 percent revenue growth in the first quarter, but its net income fell 13 percent and it lost 57,000 cable-television customers.

Excluding one-time gains Comcast (NASDAQ:CMCSA,CMCSK) realized in the first quarters of this year and last, its net income grew 10 percent. The gains resulted from the break-up of partnerships through which Comcast co-owned cable-television systems with other companies.