Less than two weeks after announcing its plan to buy Wink Communications, OpenTV has closed the deal. OpenTV picked up the interactive television company from Liberty Broadband Interactive Television for $101 million, the exact amount Liberty Broadband recently paid to acquire Wink. Liberty Broadband bought a controlling interest in OpenTV in May.
Universal Studios Pay-Per-View has turned to CinemaNow Inc. to test the waters for downloading and streaming its content. During a four-month trial, CinemaNow will offer first-run and catalog Universal titles via its video-on-demand Web site www.cinemanow.com. The titles will be available in streaming and download formats.
The Street was relatively unmoved by Com21 Inc.'s announcement that its third-quarter guidance will fall in line with previous estimates. The company's shares were up a penny in early trading. The broadband access systems provider expects Q3 revenue to fall in the range of $11 million to $12 million, which meets an earlier guidance of between $10 million and $13 million.
The latest WebSTAR cable modem offering from Scientific-Atlanta Inc. will upgradeable to DOCSIS 2.0, the company says. The WebSTAR DPX2100 will be upgradeable to DOCSIS 2.0 via a software download, according to S-A. The DPX2100, which recently received DOCSIS 1.1 certification, incorporates the Broadcom BCM3348 DOCSIS/Euro-DOCSIS 2.
National broadband service provider Speakeasy is launching another promotion to attract customers. The latest: the company is giving a free iPod to every new business DSL or T-1 subscriber. The MP3 player holds 1,000 songs and has a battery life of 10 hours. "This promotion allows us to introduce new customers to our broadband services and to a device and passion that is such a natural extensio...
Alpha Technologies Inc. is trying to give a little back to the industry through a $500,000 donation to The Cable Center. The company has donated the money to The Center's Telecommunications Equipment Campaign. The Cable Center has a goal of raising $10 million to purchase audio and video equipment and other technological equipment.
Copyright 2002 The Deal L.L.C. The Daily Deal…10/04/2002 From LexisNexis Struggling Canadian telecom equipment maker Nortel Networks Corp. said Thursday it would shift its organization into these four business groups in an attempt to streamline: wireless, wireline, enterprise and optical networks.
MSO Insight Communications has rolled out Rainbow Media Holdings Inc.'s Mag Rack VOD service in 10 of its cable systems. Insight will initially offer 40 hours of programming from the video magazine rack, including Classic Cars, Traveler's Guide, Cook with the Pros, Yoga Retreat and Mag Rack Kids Club.
The fat lady may be about to sing at Teledesic LLC. The satellite communications services company has put the brakes on its global, broadband Internet-in-the-Sky satellite communications network. Over the past 10 years, Teledesic has invested hundreds of millions of dollars on design and development of the network.
Verizon is trying to take the worry and hassle of network monitoring and management away from its large enterprise customers with a new service, dubbed IPT Watch. IPT Watch is a remote management service designed to monitor all IP telephony hardware and software as well as voice traffic traveling over a customer's network.
Microtune Inc. shares slipped to a new 52-week low at one point in early trading, following news that the radio frequency product maker's third-quarter results will come in below the Street's expectations. The company will report $24 million in revenue for the third quarter, which falls short of analysts' range estimates of between $25.
Copyright 2002 Newsday, Inc. Newsday (New York, NY)…10/03/2002 From LexisNexis Cablevision Systems Corp. ranks among companies most likely to run out of cash in the next 12 months, Moody's Investors Service said yesterday in unveiling a new ranking system. The new ratings of liquidity are separate from Moody's bond ratings, which already gave Cablevision bonds junk status.
On October 30 the United Kingdom will get another choice in digital television thanks to a partnership between the BBC, Crown Castle International and BSkyB. The free-to-view digital service, dubbed Freeview, will offer viewers up to 30 digital television channels, interactivity and digital radio through a rooftop aerial via a digital terrestrial television.
Two of Spain's broadband companies have named Motorola Inc. Broadband Communications Sector as a key technology provider. ONO has inked a deal to purchase customer premise equipment and conditional access technology from Motorola. The service provider plans to deploy Motorola's DVi3000 and DVi3500 digital set-tops early next year.
After ringing in its first year-over-year double-digit increase in sales since the industry's cyclical low in 2001, things are continuing to turn around in the semiconductor sector. Worldwide sales increased 2.2 percent in August, compared to numbers posted in the previous month, according to the latest research from the Semiconductor Industry Association.