May 12, 2010

The May Report: 5/12/2010: Here’s a good news story about Chicago high tech and
it’s not Web 2.0 or nanotech or even biotech: And the innovation came from
within the firm. It’s LED lighting and Molex has won a prestigious award for
it; Start-up firms demoing at TC13 announced and more…

Editor and publisher: ron@themayreport.com, ronaldmay@aol.com,
www.themayreport.com , 773-525-3944.

If you missed an article, go here:
www.tmronline.com/A55951/tmrarticles.nsf/vwFullNewsletter
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Workshops at Web Content 2010 Chicago Conference

Choose from Four ½ -day web content strategy workshops plus a full day of
breakout sessions at the fourth annual Web Content 2010 Chicago, June 7-8 at
the Gleacher Executive Conference Center. www.webcontent2010.com

Workshops Include:

Kristina Halvorson on Content Strategy
Seth Earley – Using Taxonomies to Improve Search
Matt Morse – Use Sharepoint to Power your Internet Site
Expert Panel – Web Enablement with Drupal for Non-Profits & Small Business

Register at bit.ly/WebContentRegister
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TABLE OF CONTENTS

The Scoop section:

— Carl Icahn boosts stake in Motorola
— Hope Bertram on upcoming events at Windy City Social, including Jeff Pulver
— Peter Balbus: Bridgelux and Molex Win LIGHTFAIR 2010 Most Innovative Product
of the Year Award for Helieon(TM) Sustainable Light Module
— TECH cocktail 5/13- Local featured tech startups announced
— People moving and changing jobs
— Miscellaneous messages (4 notes)
— This just in: More on the scams of Terry Howerton

[Editor's note: Ron May here. First, I have had several people complain that
they did not get yesterday;s report. I have been in contact with Exact Target
on this and hope to get a better understanding of why some reports are not
being delivered. I keep telling them that my next call or email is to Scott
Dorsey, the CEO. And they know I mean it. If Scott can get $70MM in VC money,
he can make his customers happy. The undelivered mail not all listed on the
soft bounce list. Some regular readers like Matt McCall are not getting it and
that makes me mad. Here is yesterday's report: tinyurl.com/266cpp4

I owe you an update on my never ending health ordeal, just hitting five months
now, but not today. I am quite doped up. They decided to use a general
anesthetic on me this morning for an ERCP to remove a stent in my biliary
track. The last time they went in on this, when they removed three stents on
March 25th, while I was in the hospital at Masonic, the anesthesia guy barely
used any anesthetic and it felt like Dr. Maitar was using a jack hammer. Well,
today they went to the other extreme, using a general when I thought they would
just use a light level of versed.
sleep.emedtv.com/sleep/versed-with-anesthesia.html

Anyway the short version of the story is that we have made big progress on
several fronts. The abscess has been removed, and the other more embedded one
is being treated with IV antibiotics. My hemoglobin has gone from 7.6 to 10.6
which is much better, but still below what it has been and should be.

Meanwhile, the big problem remaining is that I cannot walk or stand for any
distance or length of time without great strain and without being out of
breath. It does not appear to be a hemoglobin or anemia problem. Which leads us
to the pulmonary doc I saw yesterday, Anil Kachril, whose office is way out at
5600 W. Addison. He wants me to take about six tests, including an overnight
sleep study (they are pretty confident that I have sleep apnea), an
echo-cardiogram and another PET/CT scan for the chest with contrast. The
problem could be multi-factorial, but it is true at this point that my entire
life is going to doctors, going to take tests or going to have procedures.
Friday is another fistula gram on my fistula that has been working (knock on
wood) since December 8th.

If I were to add up all the doc. appointments, all the tests, all the
procedures, it has to come to more than twenty and that is just since leaving
the hospital!

I still don't regret my decision to not go to the NMH ER on the night of March
20th. That was a life-saving decision in many ways.

And it is clear now that Northwestern really fouled up by doing the CT scan of
my abdomen and pelvic region without the contrast, even though I had done the
steroid prep (since I do have an allergic reaction to the iodine contrast dye,
but we have worked around that with the prep for quite a while.)

I am caught in the web.... said the fly to the spider.

As Anna Forys, one of the technicians at my clinic, told me, summing it up in
one sentence: "Mr. May, your job is to be sick and my job is to take care of
you." T'was ever thus.]
______________________________
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Witness the MIT EF Whiteboard Challenge Finals, May 26

The premier event of the MIT Enterprise Forum Chicago season, the Whiteboard
Challenge is an exciting contest of ideas. This is the essence of MIT:
world-renowned for the number of businesses that the university’s organizations
incubate.

The finalists have been selected from 89 submissions this year. Join us to
watch their presentations as they get a set of markers and five minutes to
“whiteboard” their idea before a panel of judges.

For recognition.
For respect.
And for $5,000 in cash prizes.

Sponsored by the law firm of Ungaretti & Harris.

EVENT DETAILS
Date and Time
Wednesday, May 26th beginning at 4:30 p.m.

Location
Northwestern University School of Medicine
Lurie Building, Hughes Auditorium
303 E. Superior,Chicago

Cost
Individual Member No Fee
Pre-Registered Guests $30.00
Day-of-Event Registrations $40.00

REGISTER at
bit.ly/9fjtKY
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___________________
The Scoop section:
_______________________________
Carl Icahn boosts stake in Motorola

Carl Icahn boosts stake in Motorola
May 11, 2010

(Reuters) – Activist shareholder Carl Icahn raised his stake in mobile phone
maker Motorola Inc., according to a regulatory filing.
The billionaire investor had increased his stake to 203.33 million shares, or
around 8.75 percent of outstanding shares in Motorola, as of May 7, according
to a recent filing with the U.S. Securities and Exchange Commission.

As of the end of 2009, Icahn Associates Corp owned 119.79 million shares, or a
5.15 percent stake.

Motorola plans to split into two separate entities next year in an effort to
revamp the company. Its mobile phone business has lost ground to rivals in the
last few years. Motorola shares closed at $6.94 on Monday, up 5.15 percent, or
34 cents, as the market rose sharply on Monday. It moved up to $6.96 after
hours.

Moto shares were essentially flat early Tuesday at $6.94. Icahn owns stakes in
a wide range of industries, and is known for his aggressive moves to influence
management at companies like Time Warner Inc as well as biotech firms like
Genzyme Corp . Icahn earlier on Monday extended his $7 a share tender offer for
Lions Gate Entertainment Corp , although the studio said the low volume of
shares tendered indicates shareholders have rejected the bid.
_______________________________________
Hope Bertram on upcoming events at Windy City Social, including Jeff Pulver

Subject: Event Info!
Date: 5/11/2010 7:40:53 A.M. Central Daylight Time
From: hope.bertram@gmail.com
To: ronaldmay@aol.com

Hi Ron!

Hope you had a fantastic weekend. Here’s information about two very exciting
upcoming Windy City Social events.

What

Jeff Pulver 140Conf State of Now Meet-up
Marketing Challenge Pre-Party

When

Thursday, May 13th
5:30 pm – 8:00 pm

Where

Slugger’s
3540 N. Clark Street

Cost and Registration

Tickets are FREE but you MUST register in advance at
140confwcs.eventbrite.com as the event space is limited. We already have
over 200 people registered, but have space for about 50 more

The first is a party we are co-hosting with Jeff Pulver
pulver.com/jeff/. Jeff is a co-founder of Vonage and CEO of Pulver.com.
A VoIP pioneer, Jeff advocates for the need to develop an alternative to
government regulation of the applications layer of VoIP telephony.
Most recently, Jeff created the extremely successful 140 Characters Conference
(140conf.com), a gathering of people interested in the effects of the
real-time internet on business. His first conference in 2010, held in New York
DATE, attracted more than 1,000 people including speakers such as Jeffery
Hayzeltt, CMO of Kodak, Gary Vaynerchuk, author and star of Wine Library TV,
and Ivanka Trump.

In Chicago, Connie Burke, Communications Manager at General Motors, will join
Jeff and share how the real-time internet has affected GM.

The party will also serve as a pre-party for Windy City Social’s Marketing
Challenge — a fast-paced, apprentice like event where people compete in teams
against other teams to develop the best marketing ideas for big brands and
great charities. The actual Challenge will be held on May 19th. At the
pre-party, participants can meet Challenge Sponsors and team leads. Chevy,
Dream’s For Kids and The Chicago White Sox are the exciting challenge cases for
our Spring Challenge. Past Challenge cases include Buick, Southwest Airlines,
Goose Island Beer and Special Olympics Chicago.

We only have about 15 more spots for this event and our past two Marketing
Challenges sold out. People can register for the marketing challenge at:
wcsmktgchallenge.eventbrite.com

They will save $10 when they use code WCSten

TechCocktail13 will be hosting their party up the street at Goose Island so we
will be heading over there after our party winds down. [sic: May here. I
believe this was an honest mistake by Hope and not a Machiavellian attempt to
direct traffic to the wrong place, but the good news is that TechCocktail 13 is
at John Barleycorn's at 3524 N. Clark Street and not at Goose Island -- so they
are both on the same side of the street in the same block!] We look forward to
Thursday night for what’s shaping up to be an epic evening in the Chicago tech
and social media scene!!

Thanks for helping to spread the word. Have a great week and be well
–
Hope Bertram
Founder
Windy City Social, Inc.
773-528-4673 (O)
773-416-4673 (C)
@windycitysocial
www.windycitysocial.com
_______________________
May here. One thing Hope did tell me was that she has some impressive sponsors,
like GM, and also they have a panel. Hope said that if I do show up, I have to
be on my best behavior.
____________________________________
Peter Balbus: Bridgelux and Molex Win LIGHTFAIR 2010 Most Innovative Product of
the Year Award for Helieon(TM) Sustainable Light Module

Subject: RE: Bridgelux and Molex Win LIGHTFAIR 2010 Most Innovative Product of
the Year Award for Helieon(TM) Sustainable Light Module
Date: 5/12/2010 3:43:49 P.M. Central Daylight Time
From: [Email address withheld upon request]
To: ron@themayreport.com

Ron –

I’m submitting the breaking news story below on Chicago-area Molex Inc. and
their strategic partner Bridgelux winning the LIGHTFAIR International (LFI)
2010 Most Innovative Product of the Year Award for the Helieon™ Sustainable
Light Module. This is a highly coveted award in the global lighting industry,
one of the truly “next big thing” areas of 21st century technology convergence
and transformation. As some of your readers are aware, I have been working
with Molex on this new product line as a strategic consultant and professional
services provider for over 2 years, and have found the Molex team to be one of
the most brilliant groups of engineers and innovators I have ever encountered.
Mike Picini, VP and General Manager for Molex SSL Division is an extraordinary
visionary and executive who has led this effort from the very beginning, and he
has assembled a small but formidable team within Molex who all helped to make
this happen.

This breakthrough innovation developed in conjunction with Bridgelux is
noteworthy as it brings an unprecedented level of modularity and cost reduction
to the emerging LED lighting industry, which has been held back largely by a
lack of standards and modularity plus very high price points relative to other
lighting technologies. This award recognizes not just the engineering
innovation represented by the Helieon™ Product Line, but how this novel
combination of design, materials and manufacturing techniques disrupts the
basis of competition in global lighting markets. And it’s great that Molex
happens to be a Chicago-area corporation, really a below-the-radar kind of
company, with a rich tradition of product and business innovation going back
more than 70 years.

This is also a wonderful story because it’s a great example of a large global
product design and manufacturing company harnessing internal capabilities and
resources to launch an internal start-up organization managed on a very tight
budget to expand into a 21st century emerging global marketspace. It serves as
dramatic proof that not all innovation occurs in garages and with
venture-backed entrepreneurs. Some of the most valuable innovation occurs in
large, established corporations that have the executive vision, corporate
culture and appetite for taking intelligent risks and placing bets in
industries that are still very much in their formative stages.

The LIGHTFAIR 2010 conference, going on in Las Vegas this week, is the biggest
in the world and it has 40,000 people.

Best regards,

Peter

Peter G. Balbus | Managing Director | Pragmaxis LLC
+++++++++++++++++++++++++
ow.ly/1KhMP

Bridgelux and Molex Win LIGHTFAIR 2010 Most Innovative Product of the Year
Award for Helieon(TM) Sustainable Light Module
Top honor goes to plug-and-play solution that is as simple to use as a light
bulb

press release
May 12, 2010, 2:34 p.m. EDT

Bridgelux and Molex Win LIGHTFAIR 2010 Most Innovative Product of the Year
Award for Helieon(TM) Sustainable Light Module
Top honor goes to plug-and-play solution that is as simple to use as a light
bulb

LISLE, Ill., May 12, 2010 (BUSINESS WIRE) — Bridgelux and Molex Incorporated
/quotes/comstock/15*!molx/quotes/nls/molx (MOLX 22.75, +0.60, +2.71%)
/quotes/comstock/15*!molx.a (MOLX.A 18.67, +0.17, +0.92%) announced today that
they have received the LIGHTFAIR International (LFI) 2010 Most Innovative
Product of the Year Award for the Helieon Sustainable Light Module. LFI, the
world’s largest annual architectural and commercial lighting trade show and
conference, announced the award today at its LFI Innovation Awards ceremony.
This is the highest award bestowed by the judges and recognizes the best new
product out of nearly 200 submissions. The product also won in the category of
“specialty lamps,” one of the 14 product categories evaluated by an independent
panel of renowned lighting professionals.

“We are incredibly honored to receive the highest award from our peers in the
lighting industry,” said Mike Picini, vice president of solid-state lighting,
Molex. “It demonstrates that Molex is a legitimate force in the solid-state
lighting arena and that we can successfully apply our core expertise to develop
products like Helieon, which is transforming the lighting industry.”

Helieon is an LED light source that turns and locks into place, emulating
traditional lighting sockets and allowing users to alter beam angle, color
temperature or light output without removing or replacing the luminaire. It
combines industry-leading solid-state lighting technology from Bridgelux with
innovative, easy-to-use interconnect technology from Molex.

“Bridgelux is delivering energy-efficient LED lighting solutions that are
driving the transformation of the $100 billion lighting industry,” said Bill
Watkins, Bridgelux CEO. “Providing high quality light and an easy, familiar
installation experience at a price point to enable mass adoption, Helieon
delivers on the promise of solid state lighting.”

With meticulous attention to performance, design, and ease of use aesthetics,
the award winning Helieon Sustainable Light Module is changing the way LED
lighting solutions are used. Emulating the familiar bulb and socket, the
Helieon light source and socket system delivers effortless installation,
interchangeability and upgradeability, allowing manufacturers to deliver a
variety of lighting effects from a single luminaire design and take advantage
of future LED technology improvements, pre or post installation. Lighting
environments can now be easily changed or adapted by switching beam angles,
color temperatures or light output at the module level, without any change to
the luminaire, just like changing a light bulb.

Helieon is currently on display at LIGHTFAIR International 2010, May 12-14 in
Molex booth 1741 and Bridgelux booth 2173. For more information, please visit
www.helieon.com.

About Molex Incorporated

Providing more than connectors, Molex delivers complete interconnect solutions
for a number of markets including data communications, telecommunications,
consumer electronics, industrial, automotive, medical, military, lighting and
solar. Established in 1938, the company operates 40 manufacturing locations in
17 countries. The Molex website is www.molex.com. Follow us at
www.twitter.com/molexconnectors and watch our videos at
www.youtube.com/molexconnectors.

About Bridgelux

Bridgelux is a leading developer and manufacturer of technologies and solutions
that will transform the global lighting industry into a $100 billion market
opportunity. Based in Silicon Valley, Bridgelux is a pioneer in solid-state
lighting (SSL), expanding the market for light-emitting diode (LED)
technologies by driving down costs of LED lighting systems. Bridgelux’s
patented light source technology replaces traditional technologies (such as
incandescent, halogen, fluorescent and high intensity discharge lighting) with
integrated, solid-state lighting solutions that enable lamp and luminaire
manufacturers to provide high performance and energy-efficient white light for
the rapidly growing interior and exterior lighting markets, including street
lights, commercial lighting and consumer applications. With more than 250
patent applications filed or granted worldwide, Bridgelux is the only
vertically integrated LED manufacturer and developer of solid-state light
sources that designs its solutions specifically for the lighting industry. For
more information about the company, please visit www.bridgelux.com

SOURCE: Molex Incorporated

FOR EDITORIAL INFORMATION:
Christa Carroll
Outlook Marketing Services
630-922-6995
christa@outlookmarketingsrv.com
or
Larry Wegner
Molex Incorporated
630-527-2650
larry.wegner@molex.com

Copyright Business Wire 2010
_________________________________________
TECH cocktail 5/13- Local featured tech startups announced

From: Erin Coller erin.coller@zenzi.com
Subject: RE: TECH cocktail 5/13- Local featured tech startups announced
Date: Wed, 12 May 2010 10:55:07 -0700
To: ron@themayreport.com

Hi Ronald,

The final list of local Chicago startup tech companies to be featured at the
TECH cocktail event tomorrow evening is now available — please see the list
below, along with the media alert, and feel free to contact me with questions
or if you would like to attend and/or cover the event.

G2.fm – g2.fm

Readeo – readeo.com

RadarDeals – radardeals.com

ZineCube – www.zinecube.com

CloudMach – www.cloudmach.com

Genlighten – www.genlighten.com

Foodie Registry – www.foodieregistry.com

GiveForward – www.giveforward.org

PiggyBack – www.piggyback.it

River – rvrapp.com

Loudpixel – loudpixel.com

BriteTab – www.BriteTab.com

Chattertree – www.chattertree.com

Best,

Erin
Zenzi Communications
858-523-9020
_______________________________
People moving and changing jobs

Colleen Palmer has joined turnaround firm Getzler Henrich as a
Chicago-based managing director, with a focus on business development and
financial restructuring engagements. She previously was with GE Commercial
Finance.
++++++++++++++++++++++++++++++
Kirkland & Ellis LLP is pleased to announce that Walt Holzer has joined the
Firm as a partner in its Chicago office. Mr. Holzer represents private
equity funds and their portfolio companies in complex matters.

“Walt is an impressive, energetic lawyer with experience and skills that
will integrate seamlessly into our premier private equity practice. We are
very pleased to welcome him to the team,” said Jeffrey C. Hammes, chair of
Kirkland’s Firmwide Management Committee.

Mr. Holzer joins Kirkland from Jones Day, where he was the head of the
Chicago private equity practice. He has led transactions for private equity
funds, advised their portfolio companies and represented management teams in
connection with leveraged buyout transactions. His private equity clients
have included Benford Capital Partners, Francisco Partners, Kirtland Capital
Partners, Morgenthaler Partners, Resilience Capital Partners, The Riverside
Company, RockWood Equity Partners and Spec Limit Capital.

Mr. Holzer also represents clients ranging from emerging growth and other
privately held entities to Fortune 500 corporations in equity financing
transactions, acquisitions and divestitures. Those clients have included
Cardno Limited, iBiquity Digital Corporation, STERIS Corporation and WIL
Research Laboratories.

“I am excited to join Kirkland and work alongside the outstanding lawyers
that I have met across the negotiating table during the last several years,”
said Mr. Holzer.

Mr. Holzer has been recognized as a leader in his field by PLC Which
Lawyer?, Chambers USA, The Legal 500 U.S. and Super Lawyers. He earned a
J.D., magna cum laude, from Capital University, and a B.S. from The Ohio
State University.
__________________________________________
Miscellaneous messages (4 notes)
________________________________
#1: From: MGlotz@aol.com
Subject: Re: The May Report: 5/11/2010: My wonderful BIO adventure continued;
The Gera…
Date: Tue, 11 May 2010 08:27:04 EDT
To: ron@themayreport.com

why havent ever mention Pubicity Club of Chicago and Public Relations Socity
Chicago Chapter???? dont they let you cover their activities?

In a message dated 5/11/2010 5:47:46 A.M. Central Daylight Time,
ron@themayreport.com writes:
___________________________
#2: Could this possibly be Terry Howerton in disguise?

From: Twitter
Subject: Terry Houwerzyl is now following you on Twitter!
Date: Tue, 11 May 2010 15:32:43 +0000
To: ron@themayreport.com

Hi, Ron May.

Terry Houwerzyl (TerryHouwerzyl) is now following your tweets on Twitter.

A little information about Terry Houwerzyl:
216 followers
116 tweets
following 987 people

You may follow Terry Houwerzyl as well by clicking on the “follow” button on
their profile.If you believe Terry Houwerzyl is engaging in abusive behavior on
Twitter, you may report Terry Houwerzyl for spam.

Terry Houwerzyl may not appear in your follower list. Terry Houwerzyl may have
decided to stop following you, or the account may have been suspended for a
Terms of Service violation.
________________________
#3: Subject: RE: Len, what were the votes for each firm on Tuesday? Who got the
one vote?
Date: 5/8/2010 12:16:55 A.M. Central Daylight Time
From: len_bland@conceptequity.com
To: RONALDMAY@aol.com

Ron,

I don’t remember the exact count. Point Bearing had the most points. Next was
iCubed. Both did a nice job. Textbreak was kind enough to stand in at the
last minute for a company that was getting funding. The company got one point
and is lead by an enthusiastic college student that can really benefit by some
experienced advisors.

Regards,

Len Bland, CPA
CEO

twitter.com/conceptlen
Office/Cell: 847-317-0656
Fax: 847-919-4396
www.conceptequity.com
Next BNC Venture Capital Group Meeting
Join BNC Venture Capital Group notification list
Current investment opportunities
Concept Equity Blog
________________________
May here. Len, I did find out that Textbreak got only one vote. I suppose it
was the presenter himself who voted for himself.
++++++++++++++++++++
#4: Subject: Re: Michael, some thoughts on BIO, the conference, trends, hot
topics, cos., etc??
Date: 5/7/2010 6:22:08 P.M. Central Daylight Time
From: rosenmichaels@aol.com
To: RONALDMAY@aol.com

Ron – would love to but I physically don’t have the time due to travels,
activities at the Park and teaching. Good to see you again as it has been too
long.

Michael S. Rosen

94 E. Louis Ave.
Lake Forest, IL 60045
tel: 847-871-3178

—–Original Message—–
From: RONALDMAY@aol.com
To: rosenmichaels@aol.com
Sent: Thu, May 6, 2010 8:28 pm
Subject: Michael, some thoughts on BIO, the conference, trends, hot topics,
cos., etc??
_______________________________________
This just in: More on the scams of Terry Howerton

From: [Email address withheld upon request]
Subject: Terry Howerton
Date: Wed, 12 May 2010 16:26:30 -0500
To: ron@themayreport.com

Please don’t publish my email address.

I’ve been enjoying your Terry Howerton coverage. I CAN’T believe Terry
snowballed his way to ANY success in Chicago. You know, I almost sent this to
you back in 2005 when you called Terry a straight shooter. Very, very wrong
Ron. Terry is a sociopath with zero business acumen. He is addicted to money
and power and the only way he can collect either of those two things is to lie
and connive.

Terry Howerton is NOT an Eagle Scout. If he said so he was lying. He dropped
out before earning the rank of Eagle. Ask him to see his award certificate -
better yet, call BS HQ in Dallas and ask them to confirm.

I just cannot believe he still runs up $400 tabs at Ruth’s Chris. It’s his way
of rewarding himself, making himself feel like a big hot shot. It’s all a
farce.

As for Orbitz going after Terry’s assets – well, he has none. They will never
see that money.

Ron, if you want a great interview you need to get in touch with this guy:

uk.linkedin.com/pub/roger-murphy/a/a87/a45

Terry took this guy personally for over $650k back in 1999. It was an angel
investment…right into Terry’s pocket.
____________________
END OF REPORT