In a surprise move, Core Networks Founder, President and CEO Jeff Campbell resigned March 4. The software company also laid off as many as 23 people. Core makes and markets installation software for cable Internet companies. "Jeff made a personal decision to leave the company," says spokeswoman Natalie Oldfield.
• TiVo narrowed its losses for its fourth quarter and fiscal year, and cut its cash burn rate for both periods. Revenue for the fourth quarter, ended Jan. 31, jumped 212 percent to $6.8 million, compared with $2.2 million for the same period a year ago. Losses for the quarter narrowed to $38.5 million, or 85 cents a share, compared with $81.
Copyright 2002 Toronto Star Newspapers, Ltd. Toronto Star…03/08/2002 From LexisNexis The chief engineer at Rogers Cable Inc. says 1 percent of the company's high-speed Internet customers are responsible for 30 percent of the traffic on its network, a situation that has prompted a recent crackdown on abusers of the service.
Insight Communications saw its fourth-quarter customer count rise over its three key services, even as it weighed in with a $94.2 million loss on $704.4 million in revenue for the year. The country's ninth-largest cableco, Insight reported about 1.3 million basic cable customers at the end of its fourth quarter, up from the 919,300 it had a year ago.
Global Crossing CEO John Legere took a 30 percent pay cut as the company trimmed another 1,600 jobs and heads into Phase Three of its corporate revamp. The networking company, which filed for bankruptcy in January and has been the subject of separate federal investigations over its accounting practices, had announced the restructuring last year.
LOS ANGELES - Despite a slow economy and the travel fallout of 9/11, CTAM's annual Digital Conference enjoyed a small year-to-year rise in attendance here. Bucking the trend tied to smaller and occasionally meager trade show and conference turn-outs, CTAM drew 1,259 attendees, compared to 1,200 in 2001.
Copyright 2002 Associated Press AP Worldstream…03/08/2002 From LexisNexis U.S. media giant AOL Time Warner Inc. is considering the purchase of cable television networks in Britain, France and other European countries, but not in Germany, the U.S. media giant's chairman said in an interview published Friday.
LOS ANGELES — Free subscription-video-on-demand (SVOD) represents just one marketing tactic Comcast Corp. is evaluating in order to remove barriers to consumer acceptance regarding new on-demand video services, company officials said Wednesday during the opening session of CTAM's Digital Conference.
USA Broadband Inc. will acquire Verizon's multidwelling unit digital satellite video systems and property access agreements in California and Texas. The deal entails about 5,000 MDU subscribers, and the deal should close over the next 90 days, the companies say. Financial terms were not disclosed. … CSG Systems Inc.
In an intricate partnership, Motorola's Broadband Communications Sector and Wink Communications have successfully combined Wink's iTV software with Gemstar-TV Guide International Inc.'s interactive program guide. And now, Charter Communications will be able to deploy the Wink service, using the Motorola DCT-2000 set-top box.
Copyright 2002 The Atlanta Constitution The Atlanta Journal and Constitution…03/07/2002 From LexisNexis Letting the nation's two dominant satellite broadcasting companies merge would bring new benefits to consumers, especially in rural areas, the companies' chairmen told Congress on Wednesday. But opponents told a Senate Governmental Affairs subcommittee that the merger would reduce compe...
Copyright 2002 National Post, All Rights Reserved National Post (f/k/a The Financial Post)…03/07/2002 From LexisNexis Ted Rogers, the founder and chief executive of Rogers Com- munications Inc., has delayed his planned retirement at the age of 70 by up to three years. In a brief statement, the company's board of directors said yesterday it has approved a revision of Rogers' employment con...
A team of BIAP Systems scientists outside of Washington, D.C., working on intelligent agent technology for the company's government projects, shrunk the resulting software's footprint and adapted the technology for set-top boxes. The result is software that sends intelligent agents — feelers that go out onto the Web and retrieve specific information they've been told to seek — from ...
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 The Day The Day…03/06/2002 From LexisNexis Customers of Adelphia Cable Communications in Colchester could have high-speed Internet access by next month. Subscribers in the 11 other towns of the cable company's two regional franchise areas can sign on for the service as the year continues, according to Regina Sullivan, gener...
RCN Corp. finished consolidating its Network Operations Centers into one in Trooper, Pa. Since August 2000, the company has been moving the seven NOCs it picked up through various acquisitions into one central location. The consolidation took 16 months and eliminated 50 positions during that time, says RCN spokeswoman Pamela Faatz.