If two recent funding deals are any indication, wireless broadband is quickly becoming a hot commodity in investment circles. Leading off, Navini Networks said it has raised $25 million in series C funding, extending its total to about $91 million. Navini, which provides non-line-of-site wireless broadband gear under the "Ripwave" brand, said it will use the funding as working capital and to su...
Next Level Communications said first quarter revenues rose 41 percent to $19.9 million from the same year period, while net losses narrowed to $18.7 million (24 cents per share), from $21.5 million (26 cents per share). The video-over-copper vendor also recorded cash flow of negative $10.8 million, including $5 million in expenses related to a tender offer by Motorola Inc.
The Society of Cable Telecommunications Engineers, citing a 30 percent increase in voters thanks to a new online voting option, announced the winners of its 2003 board of directors election. The newly elected Society members will take office at the SCTE Cable-Tec Expo, slated to run May 11–14 in Philadelphia.
Broadband Physics remained on the broadband radar screen this week with the announcement that it had secured its sixth patent. The new patent (No. 6,523,256) describes a "Method and apparatus for signal transmission and reception." The patent uses wavelet mathematics of sub-band division multiplexing (SDM), a digital signal transmission modulation method that will play a key roll in the future ...
Copyright 2003 The Deal L.L.C. Daily Deal (New York, NY) April 4, 2003 Friday The U.S. Supreme Court's decision Monday, March 31, not to review a lower court ruling questioning telecom competition regulations strikes another blow against ailing Covad Communications Group Inc. Covad, which had joined WorldCom Inc.
Marking a deal that adds yet another element of legitimacy to the budding Internet-based video-on-demand sector, CinemaNow Inc. said it has scored a distribution deal with Twentieth Century Fox Film Corp. CinemaNow said the deal will enable it to offer downloadable titles from the Fox films library. Like other content distributed via the site, CinemaNow will employ its proprietary PatchBay syst...
The Internet Streaming Media Alliance (ISMA) has released for review a new content protection specification designed to secure digital streaming and downloaded content. The ISMA, a consortium of content management, distribution and streaming media companies, said it expects the spec to be finalized in June, following a two-month peer review.
Overbuilder RCN Corp. has moved ahead on its second video-on-demand deployment, this time offering it to more than 110,000 "marketable" homes in Brooklyn and Queens — areas served by incumbent cable operator Time Warner Cable. RCN launched VOD for the first time in September 2002, offering it to customers in its Philadelphia service area.
Copyright 2003 Gannett Company, Inc. USA TODAY April 3, 2003, Thursday, FIRST EDITION Seven out of 10 TV-watching households get their programming from cable. Rick McKinstry's home in New Albany, Ind., is not one of them. McKinstry, 44, lives in one of the 3.5 million households with a TV that can handle new high-definition signals coming from broadcasters.
Broadcom Corp. said that the International Trade Commission (ITC) has commenced an investigation tied to allegations that Microtune Inc. infringed on two Broadcom patents. In charges that Broadcom most recently brought to light in January, the chipmaker has further alleged that Microtune engaged in unfair trade practices by importing tuners, power amplifiers and Bluetooth products.
SeaChange International Inc. said Wednesday that it intends to appeal the damages a Delaware judge ordered the video-on-demand vendor to pay nCUBE Corp. in a long-running patent infringement case. On March 31, Judge Joseph Farnan granted nCUBE its motion to receive enhanced damages of $4,071,658, pre-judgment interest of $62,101, and two-thirds of attorney's fees and costs, amounting to $1,839,...
Independent telco Heart of Iowa Communications Cooperative (HICC) has tapped Myrio Corp. as part of a plan to offer digital video services. Using its existing ADSL infrastructure, HICC will leverage Myrio's video system and a centralized headend to make those services available to about 3,800 customers.
Liberty Media Corp. is now toying with the idea of gaining more control of its hotel entertainment subsidiary. On Command Corp. said Liberty has inquired about possibly acquiring all of the issued and outstanding shares of On Command not already owned by Liberty Media and other Liberty affiliates. Liberty is proposing that On Command shareholders receive 0.
nCUBE Corp. said a Delaware judge has awarded the video-on-demand vendor double damages and the majority of attorney fees in its patent case against rival firm SeaChange International. The case is in reference to nCUBE charges that SeaChange's MediaCluster, MediaExpress and Media Server technology infringed on an nCUBE patent (No.
A big Next Level Communications shareholder this week significantly lessened the strain on Motorola Inc. 's unsolicited bid to snap up shares in the video-over-copper vendor it does not already own. Kevin Kimberlin, the chairman of Spencer Trask & Co., announced Tuesday that Next Level Partners LLC has tendered its shares in the startup to Motorola.