The steep downward trend in tech stocks continues. Terayon is another one of many companies to cut its revenue projections for 4Q 2000. Not only is Terayon downgrading its estimates, the company says it expects to post a hefty loss. The company blames slowing growth and many order cancellations for its cable and satellite products and systems.
The flush has worn off the merger approval victory Time Warner shares with AOL, and Time Warner (TW) is announcing less than glowing 4Q earnings. The mega-media giant, which will be merging with AOL, reports the earnings slide is because of weaker ad revenue from its cable networks and a downturn in both its movie and music units.
Aveo has created a service that matches subscribers with broadband services that are available in their area. Aveo 's Attune service will deliver "Intelligrams" about Internet access services to customers. The "Intelligrams" let customers determine whether broadband service is provided in their area.
Texas-based cable operator Buford Media Group will beta test Coax 's new programmable headend. Buford has been a willing "guinea pig" before, being the first small cable operator to test Headend in the Sky (HITS), AT&T and Motorola's project. The new headend technology, dubbed MISTIC, is designed to allow both large and small cable MSOs in rural areas to deploy two- way digital services.
OpenTV sees a major market opportunity in Germany and is making plans to deploy broadband interactive TV services to more networks in that country. The company is focusing on creating iTV applications crafted specifically for the German market. OpenTV is working with German network operators like FUN and PrimaCom, who are currently using OpenTV to deploy satellite and broadband cable iTV services.
A report released from Dataquest a division of Gartner Group, suggests that the soon-to-be-inaugurated Bush administration will be a more hands-off government than that of the past eight years, and telecom deregulation could result. Not holding back its opinions, Dataquest analysts say that the Clinton administration has had a stranglehold on the burgeoning telecommunications industry, causing ...
Ovum, a telecommunications research company, reports that digital TV connections will boom from 62 million in 2001 to 350 million in 2006. Revenues from all those new connections, says Ovum, will be worth upwards of $100 billion. The study shows $45 billion from t-commerce and $60 billion from gaming, education and information.
One of the first signs of the AOL/Time Warner merger may be more broadband at cheaper prices. Within three years, consumers could be watching CNN and full-length movies through their AOL portals on their PCs. AOL is expected to make upgrading Time Warner's cable system a top priority, making music, movies and other features faster and more accessible to Time Warner's 20 million subscribers.
It could be another blow to the PC world. Scotiabank and Rogers Cable will offer Canadian subscribers an online banking method that doesn't require a PC. Subs have banking and brokerage information as well as Internet, e-mail and online shopping access through their TVs. A wireless keyboard lets Scotiabank customers flip between watching TV and surfing to reconciling statements and more via a c...
Digital set-tops are poised for phenomenal growth. According to Allied Business Intelligence, the number of installed boxes will grow to 339 million by 2005. Yesterday, CED reported on the major growth of modems. Digital set-top growth can be attributed to the popularity of digital cable service. By 2005, the cable platform will account for 40 percent of the total worldwide installed based of d...
In a month of company-issued earnings warnings and analyst downgrades, Corning has some positive news. The company says it is not only on target for 4Q earnings, but is going to hit the high side of estimates. Good news for Corning investors. Corning president John Loose says he expects revenue to be up nearly 30 percent, to approximately $9.
Sometimes choice is a difficult thing. AT&T is still struggling with which approach it should take to fulfill FCC requirements on cable ownership, even though the deadline to decide is tomorrow. Rumors are circulating wildly between either spinning off Liberty Media, the programming arm of AT&T that's headed by John Malone, or selling off AT&T's 25 percent stake in Time Warner.
This is a merger they really want, and they got it. FTC approval was given Thursday to the mega-merger between AOL and Time Warner (TW) after the two companies committed to opening their cable systems across the nation to their Internet competitors. This last move apparently satisfied Federal Trade Commission regulators that the deal is good for competition.
DOCSIS certified cable modems are shipping like crazy, up 67 percent in the second half of 2000. According to Cable Datacom News, more than 2 million units shipped in 3Q. Motorola has shipped the most — 540,000 in North America and 310,00 internationally. However, Cahners In-Stat group predicts that the cable modem growth will continue but slow a bit in 4Q 2000.
Just a few weeks after Corning announced it was boosting its optical fiber production, the company is sinking $150 million into expanding production facilities in its Benton Park Plant in Benton Township, Pa., which will add approximately 2,000 jobs to the area. The plant there manufactures erbium-doped amplifier modules and dispersion compensation modules, which Corning wants to increase produ...