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.
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.
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.
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.
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.
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.
Copyright 2002 The Deal L.L.C. The Daily Deal…10/02/2002 From LexisNexis Vancouver-based 360networks is poised to exit bankruptcy protection, after a bankruptcy judge in the Southern District of New York approved its reorganization plan late Tuesday, Oct. 1. A judge in the Supreme Court of British Columbia signed off on the company's Canadian plan of reorganization in early September, and...
The Society of Cable Telecommunications Engineers (SCTE) is calling on its members to help beef up the organization through its annual Member-Get-A-Member campaign. The campaign is designed to reward members that bring in new recruits. Chapters will earn points for each new member. For those who bring in the most new members, prizes will be awarded, including complimentary registrations to SCTE...
Seattle Seahawks' running back Shaun Alexander may have been the star on the field in Sunday's game against the Minnesota Vikings, scoring five first-half touchdowns, but the team has drafted Motorola Broadband Communications Sector as its first-string advanced entertainment service provider. Motorola has equipped the stadium with its DCT5100 interactive digital set-top boxes, DigiCipher II Adv...
After six-months in Chapter 11 proceedings, Williams Communications Group Inc. says the pieces of its reorganization plan are falling into place and expects to emerge from bankruptcy this month. The US Bankruptcy Court for the Southern District of New York approved the reorganization plan which will give unsecured creditors a 54 percent equity stake in the company.
Charter Communications Inc.'s stock fell as much as 29 percent in early trading, following news that the MSO has revised its third-quarter growth forecast. The U.S.'s fourth-largest cable operator has lowered its Q3 operating cash flow growth guidance from 13.7 percent to 13 percent, citing losses in its basic analog customer sector.
The Society of Cable Telecommunications Engineers (SCTE) said it is accepting proposals for technical workshops that will be held during the 2003 Cable-Tec Expo, slated for May 11-14 in Philadelphia, Pa. SCTE said the Expo subcommittee will consider papers on any topic, but will give preference to those covering subjects such as advanced services deployment, support of enhanced/narrowcast servi...
America Online shifted its high-speed efforts into overdrive this summer after two separate pacts were signed that will give the ISP a clearer path into additional DSL and cable markets. For one, AOL Broadband will benefit from the unwinding of the AOL Time Warner and AT&T Corp. Time Warner Entertainment partnership.
Qwest president in e-mail: "I will take the fall" for deal; House panel is puzzled by the message(2)September 30, 2002 8:00 pm | by Reuters | Comments
Copyright 2002 / Los Angeles Times Los Angeles Times…10/01/2002 From LexisNexis The president of Qwest Communications International Inc. agreed to "take the fall" for a potentially risky deal the company pushed to finalize in June 2000 in order to meet Wall Street expectations, according to documents released Monday by congressional investigators.