Corning Inc. reported a 47 percent increase in pro forma profits, but it cut its 2001 earnings guidance by 30 cents a share and will have eliminated 4,300 jobs by the end of April. Sales of $1.9 billion were up 26 percent, after acquisition costs, and optical fiber volume grew by 25 percent, Corning reports.
More players stepped into the HR1542 fray, hoping to sway Congress on whether or not DSL should be covered under the '96 Telecom Act. CompTel, a communications industry association, issued a statement urging Congress to scrap the Internet Freedom and Broadband Deployment Act of 2001, aka the Tauzin-Dingell bill.
So what's the deal with Lucent Technologies and Alcatel? Will Alcatel's be the winning bid for Lucent's optical division? Or will they merely merge? Alcatel Chairman Serge Tchuruk reportedly has said the company has bid for the division. "We are not commenting," Lucent spokeswoman Mary Ward told CEDaily, when asked if the company was taking bids.
Liberate debuted its Liberate TV Producer Compact 1.1 authoring toolset, which will be made available for free to registered PopTV partners through its Web site. The toolset promises to speed application development and extends the power of the Liberate TV Producer authoring line to the basic digital set-top box environment, including Motorola's DCT-2000 boxes, Liberate reports.
Nortel Networks issued a raft of deal announcements locally and in China. A deal with Minerva Networks will allow the two to co-market and implement broadband IP video solutions and systems allowing businesses and service providers to offer bundled data, voice and video services. The video network architecture combines Minerva's IP Headend for subscriber management, media aggregation and distri...
Key broadband factions squared off yesterday during hearings on HR1542, The Internet Freedom and Broadband Deployment Act of 2001. With the bill, argued yesterday to the House Committee on Energy and Commerce, Baby Bells seek to eliminate linesharing provisions of the Telecommunications Act of 1996, which requires the Bells to open their lines to competition.
Time Warner Cable and Juno Online Service Inc. agreed to provide Juno's Express Internet access service over TWC's cable systems. Both companies can market the service independently. Subject to FTC approval, the agreement is a prelude to offering broadband to Juno customers as they become ready for it, Juno spokesman Gary Baker tells CEDaily.
Korea Thrunet Co. Ltd. will distinguish its Internet access services from corporate ones by a rebranding campaign, including changing the division's name to Multiplus. Thrunet Services was too often confused with its corporate identity, Korea Thrunet reports. The new name will cover any existing and future broadband Internet services the company has, including Thrunet's planned three service gr...
ViaCast Networks Inc. just launched its IP-Companion satellite receiver/routers that feature 8PSK modulation technology. The product is intended to help reduce recurring satellite costs, the company reports. The company combines its Turbo Code software and hardware with its Maestro Network Management Software to make the transition from legacy satellite networks to the 8PSK modulation.
EarthLink will test its Internet service on Cox Communications Inc.'s broadband cable network in El Dorado, Ark., under an agreement the two announced today. The six-month trial will start in third-quarter 2001 and leave the option of negotiating a more definitive open-access agreement. The agreement is Cox's first multiple ISP trial and will help the cable TV company test the technical feasibi...
Vancouver-based 360networks' global fiber optic project will continue after the company confirmed it is in full compliance with all covenants under the company's $1.2 billion senior secured credit facility. By the end of 2000, $350 million had been drawn, and the rest is earmarked for the fiber optic network.
No one's talking. San Jose-based JDS Uniphase, considered a strong suitor in the maybe/maybe not sale of Lucent's Optical Fiber Solutions unit, released its third-quarter results today. It will lay off 5,000 and consolidate some facilities in a global restructuring. JDS' timing (releasing its results with Lucent's) led observers to speculate that a sale announcement was pending.
Lucent Technologies' second-quarter results reflected slow customer spending and its restructuring efforts. The company also calls talk of selling its fiber optic unit "rumors." "In terms of the fiber business, there's no new news here," Lucent spokeswoman Mary Ward told CEDaily. "When we make a decision, we will announce it.
Concurrent Computer Corp. found itself a Canadian distributor for its VOD systems, and sold five of its MediaHawk video servers to American school districts and universities. Its exclusive agent in Canada is TVC Canada, a long-time distributor and integrator of broadband products and services, formerly known as Comsource Broadband Technologies Corp.
Philips Digital Networks and Be Here Corp. teamed on a set-top box ITV application lets sports fans and other viewers control TV camera angles. The Philips/Be Here Picture-In-Picture Navigable Visual Content uses Be Here's single-camera immersive video capture and playback tech in ITV. The technology lets sports fans independently navigate panoramic Picture-in-Picture video via remote control, ...