The telecom industry is obviously not out of the woods yet, as evidenced by the news of Liberate Technologies Inc.'s and Nokia's plans to lower their quarterly outlooks. Liberate Technologies Interactive software maker Liberate said sales in the fourth quarter will fall shy of expectations. The company lowered its Q4 revenue guidance from between $25 million and $25.
Content aggregator TVN Entertainment is continuing its charge in the VOD market. The latest: TVN has snagged a contract with The Erotic Networks. Although financial terms were not disclosed, TVN will handle all of the adult channel's VOD needs linked to programming, transport and asset management via TVN components such as its proprietary ADONISS platform.
Online entertainment company IFILM and Terra Lycos have teamed to beef up streaming media content to attract broadband users. Premium movie content from Lycos Entertainment will be combined with IFILM's 80,000 short films, movie clips, trailers and viral videos — outrageous e-mail attachments users can forward to friends to enhance the offering of Lycos Entertainment Television.
Telecommunications-network equipment builder Viatel Holding Ltd. has done something many of its competitors have failed to do — emerge from Chapter 11 bankruptcy protection. Viatel filed for Chapter 11 bankruptcy protection in May 2001, and for the last 13 months has been working on its restructuring plan.
Copyright 2002 M2 Communications Ltd. TELECOMWORLDWIRE…06/11/2002 From LexisNexis The Norwegian telecom operator Telenor ASA said yesterday that it had started work across the country to upgrade 20 telephone exchanges to support ADSL technology. Once upgraded 30,000 more people will gain access to ADSL and thus broadband Internet connection.
Video-on-demand vendor Concurrent Computer Corp. is sufficiently insulated from the ongoing VOD patent war being waged between nCUBE Corp. and SeaChange International, a Concurrent executive said. That's because Concurrent, back in March of this year, became a shareholder in London-based Thirdspace Living Ltd.
Comcast Cable Communications and AT&T Broadband have said they are dealing with the recall of some of Motorola Inc.'s DCT-2000 digital set-top boxes in stride. On Friday, Motorola announced it was recalling a small percentage of its DCT-2000 boxes manufactured between March 1 and May 31 this year due to a mechanical defect in the power plug.
Dave Robinson has announced plans to step down as the head honcho of Motorola Broadband Communications Sector, Dan Moloney will take up the post. After nearly two decades with Motorola and General Instrument, Robinson is leaving his positions president of the broadband communications group and as executive vice president of Motorola Inc.
Copyright 2002 The Deal L.L.C. The Daily Deal…06/10/2002 From LexisNexis An investment group fronted by Theodore Forstmann is trying to get out of its $800 million offer to recapitalize XO Communications Inc. But the troubled broadband provider is not going to let Forstmann walk away that easily.
Copyright 2002 Securities Data Publishing Private Equity Week…06/10/2002 From LexisNexis Growing quietly under the radar screen, Speakeasy started out as an Internet cafe in 1994. Since then the Seattle-based company has transformed itself into a broadband service provider and is expected to announce today that it has secured $6 million in fresh capital.
CommScope Inc. has looked into the crystal ball and without new revenue from Adelphia Communications Corp. coming in, the broadband coaxial cable maker is being forced to lower its second-quarter outlook. The company now expects to post second-quarter sales in the range of $150 million to $160 million.
Sprint has become the latest telecom company to be hit with a rating downgrade from Moody's Investors Service. The recent cut puts Sprint's credit rating one notch above "junk" status. On Friday, Moody's cut Sprint's senior unsecured long-term rating from Baa2 to Baa3 — a notch above junk. The downgrade, which affected roughly $22 billion of debt, was sparked by Moody's view that Sprint w...
Copyright 2002 P.G. Publishing Co. Pittsburgh Post-Gazette…06/07/2002 From LexisNexis Adelphia Communications Corp. said yesterday it wouldn't cover legal costs of four members of its controlling Rigas family and another employee because they breached their duty to the cable-television company.
Day 3: A wave of companies will be showcasing their products and technologies this week at SCTE's Cable-Tec Expo 2002 in San Antonio. The CED Magazine staff will bring you the latest news and product information each day live from the show. Below is a glimpse of what's happening at the show, but for complete show coverage visit www.
Motorola Inc. will be forced to recall a percentage of the 1 million DCT-2000 digital set-top boxes it manufactured between late February and May this year. The cause: a mechanical defect in the power plug. Given the DCT-2000 is the most widely deployed box — 21 million worldwide — the recall will affect virtually all North American MSOs, including Cox Communications Inc.