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Daily news and top headlines for broadband communications engineering and design professionals
360Networks gets extension in restructuring
July 22, 2001 8:00 pm | by Anne Kerven | Comments360networks landed a bankruptcy protection extension until Dec. 31 from the Supreme Court of British Columbia. The company had filed for bankruptcy in British Columbia and the United States June 28. 360networks President and CEO Greg Maffei says the extension allows time to restructure the company's business plan in North America and to sell key assets outside of the United States and Canada.
Wind River supplies StarCore's DSP SoC
July 22, 2001 8:00 pm | by Anne Kerven | CommentsWind River Systems Inc. will develop a hardware and software platform for DSP-driven system-on-a-chip embedded applications from StarCore Technology Center. StarCore is an R&D initiative between Agere Systems and Motorola, with an aim to develop DSP cores and development tools to help the two companies in DSP SoC solutions.
Cable Center talks cable tech to Chinese execs
July 19, 2001 8:00 pm | by Anne Kerven | CommentsCable execs from China are taking a crash course in the intricacies of conducting cable businesses internationally through a program jointly operated by The Cable Center, The University of Denver and Encore International. The Chinese Executive Media Management Program aims to provide Chinese media execs "with a thorough understanding of international business standards, management skills and me...
Another financial roundup
July 19, 2001 8:00 pm | by Anne Kerven | CommentsScientific-Atlanta showed net earnings of $73.4 million, or 45 cents a basic share, in its fourth quarter, up from $59.1 million or 37 cents a basic share a year ago. Fourth-quarter sales reached $619.6 million — up from $552.6 million a year ago. Its year-end sales ended June 29 reached $2.5 billion, up dramatically from $1.
Study: No fiber optic glut found, route by route
July 19, 2001 8:00 pm | by Anne Kerven | CommentsHeads up, equipment vendors. There's no fiber optic glut on the routes out there, a new study says; only a glut of products carriers must use to do the much-needed fiber optic upgrades. And it may be six to nine months before inventory gluts and gray market products go away. TeleChoice Inc. says of 14 of the 22 routes it analyzed, current demand equals or exceeds 70 percent — carriers' tr...
CableLabs details home network specs
July 19, 2001 8:00 pm | by Anne Kerven | CommentsCableLabs' CableHome project just went public with an interim specification for Quality of Service, CableLabs says. It also released a home-network architecture framework technical report, and set a vendor meeting for July 31 in Westminster, Colo. CableHome is a project aimed at extending the multimedia capabilities of DOCSIS and PacketCable into the home network, CableLabs says.
Aegis cuts half its staff, waits for funding
July 18, 2001 8:00 pm | by Anne Kerven | CommentsAegis Broadband cut 14 jobs, or half its staff, as it awaits funding, its management says. The workers, primarily in operations and engineering, were laid off with the suggestion they may be hired back as soon as funding arrives, but management would not give a date. The cable system maker says it's optimistic: It has two contracts worth $25 million to $30 million poised for development in Lati...
More Q2 news …
July 18, 2001 8:00 pm | by Anne Kerven | CommentsBroadcom Corp. reported net losses of $41.1 million, or 16 cents a share, excluding nonrecurring charges and certain expenses, compared with a $61.1 million net gain a year ago. Net revenue fell 14 percent to $210.9 million. The results meet the company's revised expectations it announced last month, says President and CEO Henry T.
More Q2 news …(2)
July 18, 2001 8:00 pm | by Anne Kerven | CommentsBroadcom Corp. reported net losses of $41.1 million, or 16 cents a share, excluding nonrecurring charges and certain expenses, compared with a $61.1 million net gain a year ago. Net revenue fell 14 percent to $210.9 million. The results meet the company's revised expectations it announced last month, says President and CEO Henry T.
More Q2 financial news …(2)
July 17, 2001 8:00 pm | by Anne Kerven | CommentsTellabs reported a loss of $174 million, or 43 cents a share, including restructuring and other charges of $262 million. The company showed a gain of $157.1 million, or 38 cents a share, a year ago. Revenue fell to $516 million — still higher than last month's projected $500 million, but lower than the $801 million of a year ago.
Broadcom touts new chip line
July 17, 2001 8:00 pm | by Anne Kerven | CommentsBroadcom Corp. just launched its BCM1250, the first product in its SiByte line of processors. The low-power, highly integrated processor line targets the Internet infrastructure market, Broadcom says. The product integrates two 64-bit CPUs, a high-speed memory subsystem, and I/O peripherals onto a 60 million transistor silicon chip, the company says.
More Q2 financial news …
July 17, 2001 8:00 pm | by Anne Kerven | CommentsTellabs reported a loss of $174 million, or 43 cents a share, including restructuring and other charges of $262 million. The company showed a gain of $157.1 million, or 38 cents a share, a year ago. Revenue fell to $516 million — still higher than last month's projected $500 million, but lower than the $801 million of a year ago.
Charter/DIVA update deals, expect four more markets
July 17, 2001 8:00 pm | by Anne Kerven | CommentsCharter Communications Inc. and DIVA are getting around to the contract part of all the work they've been doing. The expanded deal covers the 1.7 million customers the two intend to serve by the end of the year. The original deal covered deploying DIVA's VOD capability on Charter's systems in the first two markets in May 2000: one each in Los Angeles and Gwinnett County, Ga.
AOLTW sees $734 M net loss in Q2, subs up
July 17, 2001 8:00 pm | by Anne Kerven | CommentsAOL Time Warner reported a second-quarter net loss of $734 million, or 17 cents a share, but Time Warner Cable's revenue reached $1.7 billion, and subscription revenue, $1.6 billion. AOLTW cites a 10 percent increase in subscription revenue for its overall 3 percent revenue increase over a year ago. The company says TWC ended the quarter with 12.
Cabletron parts out GNTS unit
July 16, 2001 8:00 pm | by Anne Kerven | CommentsA week after re-outlining its spinoff plans, Cabletron will part out its GlobalNetwork Technology Services unit, and cut an unspecified number of jobs. GNTS was Cabletron's network infrastructure consulting unit. Its outsourcing operations and parts of its operational and installation services will be sold to a private buyout firm with a group of present GNTS management.
