The base of home-based broadband users flew past the 21 million mark in November, setting an all-time high, reported Nielsen//NetRatings. More specifically, one out of every five "surfers" accessed the Internet via broadband, equating to about 20 percent of the Internet's universe of 106 million active users.
Ever had a great idea for a new product or tool that would make life simpler for broadband network field personnel, but shoved the idea to the back of your mind because you didn't know how to get the idea to market? It's time to search the recesses of your mind and put your idea down on paper, because it could net you a cool $10,000 or more.
Tapping into a voracious well of PC and console gamers and giving TechTV a gentle competitive nudge, Comcast Corp. finally unveiled plans for G4, a new video gaming network slated to launch in April. So far, Insight Communications and Comcast have agreed to carry the channel on systems serving about 7 million subscribers.
Being an optimist is a tough business these days. Signs of buoyancy are harder and harder to find, but acknowledging that often flies in the face of simple tact. As Franklin D. Roosevelt once said–re-circulating a proverb dating to the late 16th century– never mention rope in the house of a man recently hanged.
Cox Communications picked the Broadband Resolution Suite, a product developed jointly by Support.com Inc. and BroadJump Inc. The purchase lets Cox subscribers use point-and-click self-service capabilities with an assisted service, starting with installation. The company has more than 780,000 cable modem subscribers.
Dire warnings for VOD vendors. It's not the video rental or box office markets that will fund the service, a Jupiter Media Metrix study says. Instead, VOD revenue will come primarily from the pay-per-view audience. And studios, operators, cable networks and the rental market had better adjust or face a faltering iTV advancement.
CableLabs certified seven more DOCSIS 1.1 cable modems, it says today, for a total of nine 1.1-certified cable modems and two qualified CMTSs. The latest wave ended with cable modems from Ambit, Arris, Ericsson, Scientific-Atlanta and Tellabs landing DOCSIS 1.1 certification. Likewise, Toshiba secured certification for one new cable modem and re-certification for another.
Covad Communication broke out the champagne as it officially emerged from bankruptcy today, eliminated $1.4 billion in debt and announced it closed $150 million in deals with SBC Communications. The two moves were highly contingent on each other, and allow the company to forge ahead "basically debt-free" and well-funded, says President and CEO Charles Hoffman.
IDT Corp. confirmed it acquired substantially all of Winstar Communications' assets for $42.5 million via a bid in a bankruptcy court. The company will pay $30 million in cash and $12.5 million in IDT Class B common stock. IDT Chair Howard Jonas in a statement cited Winstar's $5 billion in assets and $200 million annual revenue for his "incredible deal.
Motorola Inc.'s streamlining plan promises to save $865 million next year but also entails cutting more than 42,000 jobs from its 150,000- person workforce that existed in August 2000. The company is notifying about 9,400 employees their jobs will end within a year. Most cuts will come from the semiconductor products unit, which has manufacturing plants that will be phased out during the next y...
RCN Corp. expanded its ResiLink product to the Morton Borough, Darby Township, Darby Borough, Clifton Heights and East Lansdowne suburbs of Philadelphia. Residents in those 'burbs will get their Internet, local phone and digital cable TV via RCN's fiber optic network. The first three started service this quarter; the others will start service in January.
Always in tune with a paperless membership, the Society of Cable Telecommunications Engineers says its approved cable telecommunications standards are now online at www.scte.org. SCTE's goal is to ensure standards are used by making them readily available. "The point of developing standards is to get everyone to use them," says VP of standards Steve Oksala.
Breaking an impasse on a lengthy proceeding, a Delaware bankruptcy court judge approved a $38 million bid for nearly all of Winstar's assets, from a new unit of IDT Corp. The bid crowded out a higher one submitted by Winstar founder William Rouhana, who had resigned from the company recently to allow him to bid.
Motorola Inc. will tack another $20 million on to the $60 million it loaned subsidiary Next Level Communications only months ago. The funds will go to working capital into the second quarter, a Next Level spokesman says. Under the deal, the 8-year-old Next Level will have until May 2003 to repay the $20 million, and Motorola will receive five-year warrants to buy 2.
Maybe it hasn't been hammered home yet, but now it's a little closer: The industry isn't exactly enduring the best of times. A new study says the pace of digital cable rollouts will fall next year, compared with 2001. A cable TV Q4 preview from Merrill Lynch says 2002's pace of rollouts will fall about 15 percent below 2001 levels.