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Broadband Direct

Daily news and top headlines for broadband communications engineering and design professionals

Today's financial roundup

October 25, 2001 8:00 pm | by Anne Kerven | Comments

Concurrent Computer Corp. 's VOD revenue from its XSTREME unit reached $3.5 million in its Q1 2002, compared with $5.4 million a year ago. Real-Time Unit revenue was $10.6 million, compared with $10.9 million a year ago. Revenue overall for the quarter was $14.1 million — down from $16.3 million a year ago.

Cox sees positive Q3, issues guidance for 2001

October 24, 2001 8:00 pm | by Anne Kerven | Comments

Cox Communications Inc. saw run rates rise in cable, Internet and telephony, and third-quarter revenue rose to $1.03 billion from $902 million a year ago. The company's digital cable-ready homes passed rose from 6.4 million Sept. 30, 2000, to 8.6 million at the end of its second quarter of 2001. That rose slightly to 9 million in third quarter.

EarthLink launches on TWC NE Ohio; weighs in on Q3

October 24, 2001 8:00 pm | by Anne Kerven | Comments

Same names, different place. EarthLink Inc. launched over Time Warner Cable's system in Northeast Ohio, covering about 386,000 homes in Cleveland, Akron, Canton and surrounding areas. The launch is the company's 11th on a TWC system since Sept. 17, when EarthLink debuted on TWC's 559,000-home system in Columbus, Ohio.

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Financial wrapup

October 24, 2001 8:00 pm | by Anne Kerven | Comments

Harmonic Inc. reports a $68.8 million net loss, or $1.17 a share, on sales of $57.4 million in Q3. The results compare with an $89.7 million net loss, or $1.55 a share, on $68.2 million in revenue for the same period last year. … Terayon Communications Systems Inc. showed a net income of $13.1 million, or 19 cents a share, compared with a $26.

More deals and other doings …

October 24, 2001 8:00 pm | by Anne Kerven | Comments

Charter Communications Inc. promoted Stephen Silva to executive VP and CTO, "with continued responsibility for research and development of advanced technologies and new products and services," the company says. Silva was senior VP of corporate development and technology. … BarcoNet supplied NTL with three digital headends in Ireland, allowing NTL to provide more than 80 digital TV channel...

More deals and other doings …(2)

October 24, 2001 8:00 pm | by Anne Kerven | Comments

Charter Communications Inc. promoted Stephen Silva to executive VP and CTO, "with continued responsibility for research and development of advanced technologies and new products and services," the company says. Silva was senior VP of corporate development and technology. … BarcoNet supplied NTL with three digital headends in Ireland, allowing NTL to provide more than 80 digital TV channel...

Ad hoc shareholder group to fight AtHome bankruptcy

October 23, 2001 8:00 pm | by Anne Kerven | Comments

A group of disgruntled ExciteAtHome shareholders, including former employees, is fighting the company's bankruptcy starting with its proposed asset sale decision scheduled for Monday. The group, led by a seven-member executive committee, calculated the company's worth is closer to $3 billion than the $307 million AT&T is offering for its assets, and that the company could continue and becom...

ADC streamlines company structure, cuts 150 jobs

October 22, 2001 8:00 pm | by Anne Kerven | Comments

On the heels of merging two units and selling two product lines to C-COR.net earlier this year, ADC announced a new worldwide organizational structure. The changes include up to 150 job cuts in management. The company says it will eliminate its COO spot after current COO Lynn Davis retires Nov. 1. Richard R.

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AOLTW strikes two-way deal with Chinese cable cos

October 21, 2001 8:00 pm | by Anne Kerven | Comments

On the heels of the Asia-Pacific Economic Cooperation forum in Shanghai, China, AOL Time Warner Inc. agreed today to distribute its CETV channel in the country's Southern Region. Guangdong Cable TV Networks Co. Ltd. will start carrying the 24-hour, Mandarin-language channel in January. The deal, signed at China's State Administration of Radio, Film and Television's headquarters in Beijing, also...

CableLabs tests host-controlled cable modems in cert wave 20

October 21, 2001 8:00 pm | by Jeff Baumgartner | Comments

Host-based cable modems designed to shave prices to about $50 per unit made their first official appearance at CableLabs when the R&D house kicked off certification wave 20 on Oct. 18. Intel Corp. and Coresma Inc. (formerly NetGame Ltd.) both submitted computer-controlled cable modems, or CCCMs, for DOCSIS 1.

New Terayon chip unit will seek independence

October 21, 2001 8:00 pm | by Jeff Baumgartner | Comments

Moving on previously stated plans to zoom in on the data-over-cable sector, Terayon Communication Systems Inc. today spun off its silicon unit, creating a new company called "Imedia Semiconductor." That division designs, manufactures and sells broadband silicon for the cable sector, and includes a focus on Terayon's proprietary S-CDMA (synchronous code division multiple access), as well as A-TD...

Industry weighs in on quarterly results

October 18, 2001 8:00 pm | by Anne Kerven | Comments

Broadcom Corp. reported a net loss of 1.6 billion, or $6.36 a share, on net revenue of $213.6 million in its third quarter. The company's net loss was $14.1 million, or 6 cents a share, on net revenue of $319.2 million a year ago. The losses don't include one-time restructuring charges of $16 million and other costs of streamlining operations, it says.

Scientific-Atlanta reports profit amid slowdown

October 18, 2001 8:00 pm | by Anne Kerven | Comments

Scientific-Atlanta announced yesterday that business is down, but the company has stayed profitable. In its first-quarter results, S-A says it will restructure, and cut 750 jobs and consolide certain operations. "The company experienced a decline in sales and bookings this quarter," S-A President and CEO James McDonald said in a conference call.

S-A signs trio of set-top deals

October 18, 2001 8:00 pm | by Anne Kerven | Comments

Scientific-Atlanta signed three major set-top deals on the heels of releasing its first-quarter results and announcing that it would cut 750 jobs worldwide. Time Warner Cable committed to purchase 625,000 Explorer digital set-top boxes, including a deal involving 100,000 Explorer 8000 units the two announced earlier this year.

WOW launches voice over broadband in Denver

October 17, 2001 8:00 pm | by Anne Kerven | Comments

WideOpenWest went out on a limb and launched a voice service over broadband via a joint deal with Gemini Voice Solutions. The long-distance broadband telephone service, WideOpenTelephone, will deploy with WOW's rollout of broadband Internet and digital cable TV service to Denver metro markets. "We don't view it that way," says WOW spokesman Mike Steinkirchner of the risky technology.

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