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The May Report: 9/7/2012: I’ve got to get ready for the Code Academy graduation, but Ray Rike at Accolo told me that “the sales operation was very weak” before he…


The May Report: 9/7/2012: I’ve got to get ready for the Code Academy graduation, but Ray Rike at Accolo told me that “the sales operation was very weak” before he arrived in July 2009 after Andrea Moran was gone and now I’m trying to track down Jack Phillips at Odesk Advisory Services to whom Andrea Moran would have reported, but this whole Andrea thing raises a key question Ellen Rudnick: What kind of vetting and checking on people tied to Polsky do you guys do? I don’t expect more from Iain Shovlin or Matt Moog or Kevin Willer given their get along, go along Weltanschauunghttp://en.wikipedia.org/wiki/World_view, but this is the University of Chicago!

Editor and publisher: Ron May, ron@192.168.1.100/tmr, ronaldmay@aol.com,www.192.168.1.100/tmr, 773-525-3944.

If you missed an article, go here:
www.tmronline.com/A55951/tmrarticles.nsf/vwFullNewsletter
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Oracle President Mark Hurd to Speak!

This year’s HR Technology® Conference has a new speaker, Oracle President Mark Hurd, former CEO of HP – the most senior executive from the largest software company ($35.5 million revenue) ever to address the conference in 15 years.
He’ll give a short presentation on HCM software customers and what he wants from them as senior executive and why, plus answer questions from co-chair Bill Kutik and the audience.

This is one presentation you definitely don’t want to miss! Plus, the conference is at nearby McCormick Place (in the West Wing), October 8 – 10, so you don’t have to travel far.

Best of all, we’ve arranged a special $500.00 discount for May Report subscribers — to get the savings, just register at www.HRTechnologyConference.com and use Promo Code MAY (all; caps).

Download the conference brochure at http://www.hrtechnologyconference.com/WEB-BROCH.pdf?submit22=Download to get all the details about this year’s event! And don’t forget to use Promo Code MAY to save $500.00 off the on-site rate when registering online at www.HRTechnologyConference.com.

If you can’t make the entire conference – you’ll miss hearing Mark Hurd — but you can still stop by the Expo whenever it’s convenient for you. Simply pre-register online to get into the Expo for FREE – a $35.00 savings!

Sincerely,
Bill Kutik

Co-Chair, HR Technology® Conference & Expo
Technology Columnist, Human Resource Executive® Magazine
LRP Publications
360 Hiatt Drive
Palm Beach Gardens, FL 33418
1-800-727-1227
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TABLE OF CONTENTS

The Scoop section:

– Darlene Madden: Ron. I have never laughed so hard in my life! Talk about calling someone out that begs for it.
– Maria Katris: Fills Ron in on what happened at Built in Chicago Wednesday night
– Bill Burgman: Guys Night Out is September 20th
– Tadros: Best of Chicago Ideas Week 2012
– Tadros: Q&A with Jill Salzman of The Founding Moms
– Poonam Gupta II: Martin O’Shield’s reference
– Jump in the Tech Pool presents … Business and Community Media Opportunities IMTS at McCormick Place – September 10-15
– Wednesday, Sept. 12: Tech Cocktail’s Mixer & Startup Showcase sponsored by Cars.com Speaker Series
– Built in Chicago: The Women Driving Chicago’s Digital Renaissance: Part 2
– Crain’s: Merge’s Michael Ferro: Should he pay or should he go?
– Tuesday, October 2: LES: Market Royalty Rate & Licensing Structure Review

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The Scoop section:
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Darlene Madden: Ron. I have never laughed so hard in my life! Talk about calling someone out that begs for it.

Re: The May Report: 9/7/2012: Andrea Moran, writing about you today is a tough decision for me because I understand that you are in a grieving process for your mom, so the timing is not good, and it rarely is, but I too have to sleep at night with a clear
Inbox
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dmadden@darlenemadden.com via srs.bis6.us.blackberry.com
12:58 PM (1 hour ago)
to me
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Ron. I have never laughed so hard in my life! Talk about calling someone out that begs for it.
I worked as an independent recruiter for MH about a year ago, and found Andrea to be a self promoting name dropper. She could not grasp what her clients were asking her for and kept trying to tell me that it was me, not her. I know how to create a job order, do you Andrea?
Sorry to hear about your mother but jeez is your timing bad!
On the other hand, her partner is a true professional, constantly working to satisfy the client. At least Andrea can pick well on her partner, someone has to carry her, right?
Sent via BlackBerry from T-Mobile
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Maria Katris: Fills Ron in on what happened at Built in Chicago Wednesday night

Subject: Re: Maria, I’m kicking myself ten times! See below.
Date: 9/6/2012 2:22:18 P.M. Central Daylight Time
From: maria.c.katris@gmail.com
To: RONALDMAY@aol.com
CC: adam@builtinchicago.org

here are two recaps:

there were 350+ in attendance, Excelerate companies did demos, 5 companies pitched
Kevin, Matt and Troy all spoke. I am sorry you missed it-aren’t you a registered member of BIC? We send emails to all members. Adam, can you pls add Ron to our list?
Hope to see you in October! (we will be sure to email you the date-most likely the second week)
Maria
On Thu, Sep 6, 2012 at 2:17 PM, <RONALDMAY@aol.com> wrote:
September 6, 2012

Maria,

I did not know about BIC last night and I am so mad that I missed it!

So how many people were there?

Who was there?
Willer?
Henikoff?
Moog?

What cos. presented?

Is there a set day for BIC, such as first Wednesday, or Tuesday of the month?

Do you email out notices for gatherings?

Ron
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Bill Burgman: Guys Night Out is September 20th

Subject: Guys Night Out is 2 weeks from tomorrow
Date: 9/5/2012 8:19:52 P.M. Central Daylight Time
From: whburgman50@gmail.com
To: ronaldmay@aol.com
Ron
Hope all is well, love the new format
Any way you can plug guys night out? We have great sponsors like EMC,
VMware, CDW but ticket sales are lagging a bit
Would love to have you attend as well
Let me know when you have a moment to discuss
Bill Burgman
VP, North America B2B Channels
Total Defense
630-715-3426
www.TotalDefense.com
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Tadros: Best of Chicago Ideas Week 2012

Best of Chicago Ideas Week 2012 | Doejo – We fuel ideas that grow
Inbox
x
Philip Tadros phil@doejo.com
10:09 PM (35 minutes ago)
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Tadros: Q&A with Jill Salzman of The Founding Moms

Q&A with Jill Salzman of The Founding Moms | Doejo – We fuel ideas that grow
Inbox
x
Philip Tadros phil@doejo.com
10:09 PM (36 minutes ago)
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Poonam Gupta II: Martin O’Shield’s reference

Martin O’Shield’s reference
Inbox
x
Poonam poonam@iyka.com
6:40 PM (4 hours ago)
to me, martin
Images are not displayed. Display images below – Always display images frompoonam@iyka.com
Hello Ron,

I am writing to you as suggested by Martin O’Shield.

As a chair of the Chicago’s technology event www.TechnologyInnovationSummit.com, I would like to invite The May Report to be the social media partner for the event. Attached is some information about the event. Please let me know the best time and number that we can talk over the phone.

Thank you
Poonam Gupta II President & CEO
Iyka Enterprises, Inc. II Managed Services II Software Solutions
http://www.iyka.com
MBE / WBE/DBE/BEP/SDBE/8(a)

poonam@iyka.com II 630-444-2166 ext. 101 II Mobile : 630-561 3852 II fAX: 630 847 8099

Be a part of upcoming Technology event:

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Jump in the Tech Pool presents … Business and Community Media Opportunities IMTS at McCormick Place – September 10-15

Subject: Jump in the Tech Pool presents … Business and Community Media Opportunities IMTS at McCormick Place – Sepember 10-15
Date: 9/7/2012 9:19:39 A.M. Central Daylight Time
From: leo@howehutton.com
To: leo@howehutton.com
Business, Tech and Community Media,
and Civic Economy and Digital Access Colleagues,
Hope you have the opportunity to attend Chicago’s largest trade show, at the cutting edge of American manufacturing competitiveness and high-demand tech training and apprenticeship opportunities (see info on attached Jump in the Tech Pool flyer).
Layton Olson
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Business and Community Media Opportunities at International Manufacturing Technology Show at McCormick Place, September 10-15, Chicago’s largest trade show (every two years).
Prepared by Jump in the Tech Pool Campaign to assist wider and deeper coverage in Illinois and Southern Lake Michigan coverage in business, technology and community media, and by college and high school journalists and electronic media centers. September 7, 2012
For more information: Layton Olson, Community Application Expo Network, law firm Howe & Hutton, Ltd., Chicago, 312-263-3001, www.howehutton.com leo@howehutton.com
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Information from IMTS Insider | AMT Manufacturing Stage at IMTS 2012 (with comments)
A. Press opportunities including at opening of IMTS 9:25am Monday September 10, and on Tuesday, Wednesday and Thursday with Chicagoland-based Harry Moser, creator of Student Summit for training paths for technology equipment, See link for preview of presenters. Click on the pre-interview with Harry Moser for background.
Opening Day
Rebecca M. Blank, Acting U.S. Commerce Secretary
Acting U.S. Commerce Secretary Rebecca Blank will make a special appearance along with Illinois Governor Pat Quinn, AMT President Douglas Woods and Local Motors President Jay Rogers to open IMTS 2012. Monday, Sept 10 @ 9:25 am … be there!
Wednesday
Michael F. Molnar, Director-Advanced Manufacturing National Program Office and Chief Manufacturing Officer-National Institute of Standards and Technology will be presenting on Wednesday, Sept 12 @ 9:30 am … be there!
Tuesday, Thursday and Friday
The Reshoring Initiative’s Harry Moser will share exciting reshoring stories that will provide visitors with
Pat Quinn, Illinois Governor
tips to calculate their total cost of ownership and move forward on their own reshoring efforts. Tuesday, Thursday & Friday @ 9:30 am … be there!
Watch a pre-interview with Harry Moser.
B. Welcome Press Members | International Manufacturing Technology Show 2012
Media Center Location
Location: Room N426 above the Grand Concourse (accessible from the Grand Concourse via escalator or elevator).
Media Center Hours
Dates: Monday, September 10 – Saturday, September 15
Hours: 8:00 a.m. – 6:00 p.m.
The Media Center will be open on Sunday, September 9 – 12 p.m.-5 p.m. for early badge pickup. Each morning a daily event schedule (including press conferences) will be posted in the Media Center and on the kiosks.
C. IMTS 2012 – Media Registration on line
See definition of working media — writer, business, graphics for regular, independent publication, nonprofit service or college journalism program
Wednesday, Sept. 12: Tech Cocktail’s Mixer & Startup Showcase sponsored by Cars.com Speaker Series

Tech Cocktail’s Mixer & Startup Showcase sponsored by Cars.com Speaker Series

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Start: September 12, 2012 5:30 pmEnd: September 12, 2012 9:30 pmCategory:Chicago, Tech Cocktail EventOrganizer:Tech CocktailEmail:contact@techcocktail.comVenue:John Barleycorn – Wrigleyville Address:
Google Map , 3524 N Clark Street, Chicago, IL, United States, 60657
Hey Chicago, the Mixer parade is coming your way! We’ll be kicking off the event with inspiring talks from Cars.com followed by the traditional demo style startup showcase; served over cocktails, of course.

Cars.com and Tech Cocktail, cordinally invite you to an innovative speaker series event to kick off the Tech Cocktail Mixer. Whether you are a technology enthusiast, inventor, creator, entrepreneur, investor, developer, or designer, we are all linked by a passion for innovation and technology. Cars.com, based locally in Chicago, is thrilled to announce special speaker Marty Cagan. Additional speakers will be announced soon. Light refreshments and appetizers will be served.
ABOUT THE SPEAKER
Marty Cagan, Partner at Silicon Valley Product Group
During the course of the past 20 years, Marty Cagan has served as an executive responsible for defining and building products for some of the most successful companies in the world, including Hewlett-Packard, Netscape Communications, America Online, and eBay.
Before founding the Silicon Valley Product Group to pursue his interests in helping others create successful products through his writing, speaking, and training, Marty was most recently senior vice-president of product management and design for eBay, where he was responsible for defining products and services for the company’s global ecommerce trading site.
Tech Cocktail Mixer & Startup Showcase – they’re our specialty. The premise is simple; we Mix together your region’s hottest tech startups with a couple hundred passionate technophiles- and serve over cocktails. The result is delicious blend of entrepreneurs, investors, employers, job seekers, and those simply looking for a fun environment to mingle with fellow local tech enthusiasts.
What to expect?
■Startups demoing in a casual expo style
■Engaging conversations
■Local technology all-stars, celebrities, and thought leaders
■Light snacks with entry
Startups: Apply now for a free demo spot
Friends & tech enthusiasts: Secure your tickets now!
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Built in Chicago: The Women Driving Chicago’s Digital Renaissance: Part 2

The Women Driving Chicago’s Digital Renaissance: Part 2
posted by Amina Elahi
on 09/06/2012 09:09 am
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InShare.9
In this monthly series, Built In Chicago will highlight some of the most important players in our digital ecosystem: the women. From entrepreneurs to technologists, investors to academic leaders, and corporate innovators to developers, women play important and diverse roles in dozens of local organizations. Every month, we’ll introduce you to five women worth knowing. Through these exclusive interviews, get to know these women through their likes, experiences, and maybe even their secrets.
Know a female leader worth profiling? Send your nomination to Amina Elahi (amina@builtinchicago.org). Include her name, title, organization and a 140-character description of why she deserves to be featured.

Andrea Moran

WHAT DO YOU DO?
CEO and Co-founder of Marengo Hampshire Partners, a human capital acquisition firm for emerging to multinational companies.
HOW DID YOU BECOME AN ENTREPRENEUR?
Fundamentally, innovation was always more exciting to me than renovation. I like to roll my sleeves up and figure it out.
BEST ADVICE YOU EVER RECEIVED?
That everyone puts on their pants the same way

READ MORE

Linda Darragh

WHAT DO YOU DO?
I am the new executive director for entrepreneurship and innovation at Kellogg School of Management.

BEST ADVICE YOU EVER RECEIVED?
Listen to multiple viewpoints.

YOUR BIGGEST CHALLENGE ON A DAILY BASIS?
There is never enough time for everything—the challenge is to prioritize.

READ MORE

Constance Freedman
WHAT DO YOU DO?
I’m the Managing Director of Second Century Ventures—the Venture Capital arm of the National Association of Realtors. We primarily invest in [early stage technology] companies with applicability in multiple industries, including real estate, where we can roll up our sleeves and help the companies grow.

BEST ADVICE YOU EVER RECEIVED?
If you don’t get the answer you want, just keep asking people until someone tells you the one you want to hear.

YOUR BIGGEST CHALLENGE ON A DAILY BASIS?
Ending the day. There are always more great people to talk to, things to learn and new ideas to explore.

READ MORE

Vanessa Rollings

WHAT DO YOU DO?
I am the CFO and a Managing Director at Sandbox Industries. We manage venture capital funds, as well as build and grow businesses.

BEST ADVICE YOU EVER RECEIVED?
My first boss told me, “The graveyard is full of people who thought they were indispensable.” It’s important to be confident, yet humble.

YOUR BIGGEST CHALLENGE ON A DAILY BASIS?Managing my time and finding the right balance to be successful in my professional and personal life is tough – both parts are important.

READ MORE

Sarah Gray

WHAT DO YOU DO?
I’m a playful inventor at heart. I’m a professional programmer, a project maker, a technical advisor and a group facilitator.

HOW DID YOU BECOME AN ENTREPRENEUR?
I’ve always loved building bite-sized projects that scratch an itch. I think of myself less as an entrepreneur than someone bootstrapping a life.

BEST ADVICE YOU EVER RECEIVED?
My father convinced me to study technology. He understood the generative power that coding and technology could bring me.

READ MORE

nominate someone

Nominate your favorite woman for future installments of The Women Driving Chicago’s Digital Renaissance by emailing Amina Elahi (amina@builtinchicago.org). Include her name, title, organization and a 140-character description of why she deserves to be featured.

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Crain’s: Merge’s Michael Ferro: Should he pay or should he go?

Merge’s Michael Ferro: Should he pay or should he go?
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By Claire Bushey September 06, 2012
HEALTH CARE HEADLINES
Merge’s Michael Ferro: Should he pay or should he go?
In brief: Magic Johnson sings to raise money for Mount Sinai
Michael Ferro’s Merge Healthcare to consider sale, merger
Hawthorn Surgery Center seeks new home
AbbVie starts suing even before it launches
Catamaran declares 2-for-1 stock split
More Health Care News
(Crain’s) — Merge Healthcare Inc.’s announcement that it’s looking for buyers puts the question squarely to its chairman and largest shareholder — should Michael Ferro sell and reap a hefty profit, or double down and take the company private?
With a slumping stock price, the Chicago-based health care IT company said today it hired an investment bank to explore a “broad range of strategic alternatives,” including a sale or merger.
Mr. Ferro, who is also the lead investor in the parent company of the Chicago Sun-Times, acquired a controlling stake in Merge in 2008, when the firm was on the brink of bankruptcy and the stock price was just 38 cents a share.
Merge’s stock peaked at more than $7 a share in September but fell this year and has hovered around $3 a share. Even if Mr. Ferro thinks the market’s current valuation of the company is harsh, his investment firm Merrick Ventures LLC wouldn’t lose in a sale.
Mr. Ferro and Chicago-based Merrick control nearly 32.4 million shares, or almost 35 percent, of the company, according to Merge’s most recent proxy statement, filed April 30.
In May, Merge said it was splitting its businesses into two divisions, with one focused on its core medical imaging software and the other on consumer health kiosks. At the same time, the company said it was changing its pricing model, which would likely result in less revenue up front, which seemingly hurt its stock price.
Yet Merge’s management and array of products, combined with its potential for growth and opportunity to increase its cash flow through refinancing, make the company an attractive target, said Douglas Dieter, a senior analyst at Los Angeles-based Imperial Capital.
“That’s an equation for a potential sale of the company or potentially going private,” he said.
Mr. Dieter said he didn’t know what Mr. Ferro’s plans for Merge might be but estimated that the company could sell for more than $5 a share — or about $461 million.
In the wake of the announcement, shares were trading at $3.56, up 10.3 percent from this morning’s opening.
Merge’s adjusted net sales rose 11.2 percent during the second quarter, to $63.4 million, from $57.0 million during the second quarter in 2011. The increase exceeded analysts’ expectations.
Potential bidders could include other information technology companies as well as private-equity firms.
Merge’s disclosure that it has hired New York investment bank Allen & Company LLC likely means Merge is already getting inquiries, Mr. Dieter added. “You have to take that seriously.”
Taking the company private would reduce the cost of complying with securities regulations and avoid the increased disclosure requirements imposed on public companies.
Earlier this year, Crain’s found that Mr. Ferro and Merrick received about $9.3 million in a series of transactions with the company, based on filings with the U.S. Securities and Exchange Commission. The payments are nearly half of the risky $20 million investment his firm made in Merge four years ago.
While related-party transactions are not forbidden by securities laws, they raise questions about whether they are fair to investors, corporate governance experts say.
The SEC in 2010 questioned the adequacy of the company’s disclosure about a series of side deals. The SEC did not take any formal action, and the company voluntarily increased its disclosures, filings show.
Merge is exploring a merger or sale as trouble flares up in one of its plants.
In an Aug. 24 letter to Mr. Ferro, the U.S. Food and Drug Administration raised safety concerns about a plant in Winchester, Tenn., that manufactures Merge’s computer kiosks for checking blood pressure.
The company has failed to adequately investigate complaints concerning the devices’ performance and does not have an appropriate system for handling complaints, among other problems, the letter said.
But those kinds of problems are easily addressed, and the plant accounts for less than 1 percent of the company’s total revenue, Mr. Dieter said.
A Merge spokeswoman said the company had no immediate comment.
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Tuesday, October 2: LES: Market Royalty Rate & Licensing Structure Review

Oct 2 Meeting: Market Royalty Rate & Licensing Structure Review
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LES Chicago Chapter chapters@les.org via mail51.us2.mcsv.net
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LES Chicago Chapter Meeting
DATE & TIME
Tuesday, October 2, 2012
11:45am – 1:00pm
LOCATION
Maggiano’s Little Italy, Banquet Facilities
111 West Grand
Chicago, Illinois
TITLE
Market Royalty Rate & Licensing Structure Review: Interpreting Market Trends to Protect Your Negotiation Position & Damages Calculations
SPEAKERS
David R. Jarczyk, President & CEO, ktMINE
Jeffrey Cozzo, Director of Operations, ktMINE
DESCRIPTION
The presenters will discuss licensing trends regarding international licensing and agreement payment structures for several industries and will also compare and contrast these points across/ between industries. The insight from this presentation can be leveraged by all industries to achieve successful licensing in the present market environment or for calculation of damages in litigation/arbitration settings.
Supplementing the LES royalty rate surveys, this presentation will present and leverage noteworthy statistics garnered from investigating thousands of licensing agreements in the pharmaceuticals, software, consumer product, telecommunications, chemicals, and consumer products industries with effective dates spanning 2001 to present.
Click here for registration and meeting details.
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END OF REPORT


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