Just days after CEO Konrad Hilbers said he was washing his hands of Napster, the one-time ruler of peer-to-peer online music file swapping has closed a merger deal with Bertelsmann. The $8 million deal, which will wipe out most of Napster's debt, brings Hilbers and other key Napster executives back to the company.
Interactive television company Concero Inc. has been put on notice its stock could be delisted from the Nasdaq May 24. The company received a Nasdaq Staff Determination yesterday. The notice calls for Concero's stock to be delisted unless the company meets the minimun bid requirement and market value of public float outlined in the Marketplace Rules 4450 (a)(2) and 4450 (a)(5).
The strategic relationship between interactive services provider Gemstar-TV Guide and Thomson Multimedia began way back in 1996, but their partnership is getting a facelift, so to speak. The two companies today reiterated a common strategy to deploy Gemstar's Interactive Program Guide (IPG) in Thomson television and access devices, and mapped out a future timeline to broaden other areas of the ...
When it comes to the success of 3G, interoperability may be the name of the game. Rivals Siemens and Nokia are teaming to ensure that the companies' future smart phones can seemlessly communicate with one another. Siemens will license Nokia's Series 60 software platform and implement the software in Symbian OS-based smart phones.
Get more bang for your buck. EchoStar Communications Corp. is beefing up the capabilities of its DishPVR 501 satellite TV receiver to include caller ID and a search function. The search function enables subscribers to search by keyword to locate a program. The search can be based on an event's title, an actor's name or a specific word in the title.
Following the resignations this week of two key company executives, Adelphia Communications Corp. on Friday said it and some of its subsidiaries will miss more than $43 million in interest and dividend payments, and that two grand juries are slated to probe the MSO's finances. Specifically, the MSO said it missed a $23.
Looking to expand its high-speed Internet, data and integrated service portfolio, PowerNet Global Communications is snatching up almost all of Aleron's assets. PowerNet intends to operate the assets as a separate unit, dubbed Aleron Broadband Services LLC. The unit, which will conduct business out of Aleron's Herndon, Va.
Although the IP cable telephony sector has yet to muster more than a few field trials, the deployment of traditional circuit-switched voice services over cable networks exceeded expectations in 2001 and is expected to continue that momentum through the end of this year, predicts a new study from Allied Business Intelligence.
Telecom equipment maker Nortel Networks continues to push forward in the wireless sector. The latest: Nortel has two contracts, one in the United States, and one in China. Over a five year period, Nortel will supply its CDMA2000 1X radio and packet core switching equipment to 3,500 base stations and related switching infrastructure to U.
New research from the Cable & Telecommunications Association for Marketing (CTAM) reveals that cable customers haven't changed much in terms of the way they pay for their monthly service. The most popular way to pay is still by mailing checks or money orders; CTAM pegs the number at 73 percent. That number hasn't changed much over the past few years — CTAM measured it at 77 percent in...
Alcatel continues to push forward in the DSL equipment market, the telco gear maker has shipped 740,000 remote combo ports on its Litespan next-generation digital loop carrier platform in the North American market. Each remote port provides integrated DSL and voice service. The ports enable carriers to turn-up DSL service for customers without a truck roll, Alcatel says.
The DSL vs. cable modem race is in full swing, but reported numbers for new DSL subscriber adds from the major U.S. providers reflects slower growth as compared to the first quarter of last year. Verizon Communications recently reported that its sub numbers were up to 1.35 million, and that 55 percent of their 61.
• Black Box unveils new router Black Box has introduced the Broadband Router. The router, which is compatible with Ethernet and Fast Ethernet networks, enables four or more desktop or laptop computers to share a single Internet connection. • ISG hits milestone, eyes larger markets ISG Broadband Inc.
For sale … an extensive, yet only partially completed rich fiber network in the city of Sacramento. Buyer beware, though, as city residents have expressed a certain level of disdain for former owner. The bankruptcy saga of competitive overbuilder WINfirst continues, and potential buyers for the WIN fiber network are going public.
Less than a month after emerging from bankruptcy proceeding McLeodUSA Inc. continues to eye profitability. To get one step closer to its goal, the CLEC is selling some non-core assets to PrairieWave Communications Inc. The $88 million deal calls for McLeodUSA to sell its non-core ILEC operations in South Dakota, certain overbuild CLEC and cable television operations in South Dakota, southwester...