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Broadband Direct

Daily news and top headlines for broadband communications engineering and design professionals

WorldCom tumbles after downgrade

June 24, 2002 8:00 pm | by Susan Rush | Comments

Copyright 2002 / Los Angeles Times Los Angeles Times…06/25/2002 From LexisNexis From Bloomberg News WorldCom Inc. stock plunged to a 12-year low Monday after Salomon Smith Barney analyst Jack Grubman, once one of the company's biggest Wall Street advocates, recommended investors avoid shares of the second-largest U.

Verizon, Adelphia cable TV sale killed

June 24, 2002 8:00 pm | by Felix Sanchez | Comments

Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 Press-Telegram Press-Telegram…06/25/2002 From LexisNexis Verizon Communications on Monday withdrew a proposal to sell its cable television franchise to Adelphia Communications Corp., citing ongoing financial woes within Adelphia.

Tellium hands out some walking papers

June 24, 2002 8:00 pm | by Susan Rush | Comments

Optical networking company Tellium Inc. will trim its work force by 200 employees by the end of the month. The compnay blames lagging customer demand and the ongoing deterioration in the telecom sector for the move. Tellium expects to take a one-time restructuring charge of between $7 million and $10 million in the June quarter.

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DivXNetworks, Wellspring team for VOD

June 24, 2002 8:00 pm | by Susan Rush | Comments

Video compression technology provider DivXNetworks Inc. is moving full speed ahead with plans to deploy its DivX suite of video compression technology. The latest: the company has inked a licensing deal with Wellspring Media Inc. As part of the deal, Wellspring will license the DivX Open Video System to rent downloads of eight full-length films to users of its Web site, www.

TWC, Newhouse rework cable deal

June 24, 2002 8:00 pm | by Susan Rush | Comments

The deal it is a changin', the Time Warner Cable-Advance/Newhouse Communications deal that is. The companies have agreed to transfer 2.1 million TWC subscribers to A/N's control, and transfer A/N's Road Runner stake to TWC. The companies have been negotiating the restructuring deal for several months now, which stemmed from A/N's desire to resume operating some of the cable systems.

Conexant buys MPEG biz

June 24, 2002 8:00 pm | by Susan Rush | Comments

In a cash and stock deal, Globespan Virata has sold its MPEG video and audio compression and decompression product business to Conexant Systems Inc. The sale is part of the DSL equipment provider's divestiture strategy. For its part, Conexant will fork over $21 million in cash and 1.25 million shares of common stock.

Study: Broadband use alters lifestyle

June 23, 2002 8:00 pm | by Megh Duwadi | Comments

Copyright 2002 The Atlanta Constitution The Atlanta Journal and Constitution…06/24/2002 From LexisNexis WASHINGTON — For high-speed Internet users, a new lifestyle may be just a few clicks away. A study released today by the Pew Internet and American Life Project found that people changed their activities both on and off the computer when they acquired broadband service.

Adelphia lands coin to ride out Chapter 11

June 23, 2002 8:00 pm | by Jill Goldsmith | Comments

Copyright 2002 Reed Elsevier Inc. Daily Variety…06/24/2002 From LexisNexis NEW YORK —Adelphia Communications Corp. is said to have lined up $1.5 billion in financing through a consortium of banks, much-needed cash that will keep its businesses operating while it restructures after a Chapter 11 filing expected today.

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The Grim Reaper sweeps through Loudeye

June 23, 2002 8:00 pm | by Susan Rush | Comments

Looking to save more than $10.2 million annually, webcasting and digital media service provider Loudeye Corp. is reducing its employee roster by 37 percent. The company has a goal of reaching operating cash flow breakeven by the end of the year, and said the cuts were necessary to stay on target. Once the restructuring is complete, the company expects to have 130 full-time employees in Seattle,...

WorldGate, Motorola extend iTV partnership

June 23, 2002 8:00 pm | by Susan Rush | Comments

Building on its three-year relationship with Motorola Inc., WorldGate Communications Inc. has signed a multi-year deal with Motorola's Horizon Developer Program. As part of this latest deal, Motorola and WorldGate will continue to work together to develop WorldGate's interactive television service on Motorola's advanced digital set-top boxes, including the DCT1000, DCT2000, DCT2500 and the DCT5...

Narad, IBM align to offer complete MSO SMB package

June 23, 2002 8:00 pm | by Duffy Hayes | Comments

MSOs are increasingly interested in developing strategies for offering broadband connections to small- and medium-sized businesses that fall into their network footprints. Access technologies are currently being trialed in MSO labs, and a new strategic alliance between platform provider Narad Networks and IBM Corp.

ITC decision delivers blow to Gemstar

June 23, 2002 8:00 pm | by Susan Rush | Comments

Gemstar-TV Guide International Inc. has been on the warpath for some time now, claiming that its patent is being infringed on. The interactive programming guide developer suffered a setback late Friday, however, when a judge ruled against it. An International Trade Commission judge has ruled that Gemstar competitors did not engage in unfair trade practices with regards to Gemstar's patented IPGs.

Terayon tanks on warning

June 20, 2002 8:00 pm | by Susan Rush | Comments

Terayon Communications Systems Inc.'s shares were down more than 40 percent in early trading today, following news that the company more than halved its second-quarter outlook. The broadband networking gear provider slashed its Q2 revenue outlook to $21 million and $30 million, down from an earlier forecast of as much as $60 million.

Microsoft, Verizon climb into bed together

June 20, 2002 8:00 pm | by Susan Rush | Comments

Look out America Online, Microsoft Corp. is moving full-speed ahead with its broadband agenda. The latest: the software giant has forged a DSL partnership with Verizon Communications. The co-branded service, dubbed "Verizon Online with MSN," will be available to all MSN Broadband customers and Verizon Online DSL customers in the Verizon Online DSL service area.

EchoStar, StarBand settle spat

June 20, 2002 8:00 pm | by Susan Rush | Comments

A month after David decided to take on Goliath, StarBand Communications Inc. is claiming victory in its lawsuit with EchoStar Communications Corp. On May 24, StarBand filed the lawsuit against EchoStar, claiming "EchoStar has not forwarded any of the millions of dollars in fees it has collected and is collecting as its billing agent.

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