Calling it a step toward diversification and overall growth, AM Communications Inc. said its wholly-owned subsidiary, AM Broadband Services Inc., has completed its acquisition of start-up Nex-Link Communications, a provider of cable engineering, construction and fulfillment services. Nex-Link recorded revenues of roughly $3 million for the six-month period ended June 30, and company co-founder...
Wavexpress has locked down its first trials for its IP broadcast service with Missouri-based St. Joseph Cablevision and with USA Media in Osburn, Idaho. Wavexpress–whose backers include USA Media Group and News-Press & Gazette Company (NPG), which operates the St. Joseph cable system–offers a multicast system that supports "enhanced" Internet content, including games, full-scre...
In a much-anticipated decision involving contested interactive program guide technology, an International Trade Commission judge in June ruled against Gemstar-TV Guide International, claiming that EchoStar Communications, Pioneer New Media Technologies, Scientific-Atlanta and SCI Systems did not infringe on Gemstar's IPG patents.
Cabler Cox Communications Inc. posted strong subscriber growth in the second quarter. As part of its commitment to continue the subscriber growth trend, the company said it has named Motorola Broadband Communications Sector as a preferred vendor of next-generation cable modems. Motorola will supply Cox with the SURFboard SB4200 and the SB4220 cable modems.
Interactive television is not all about fun and games, it can be used to deliver the latest news, too. WorldGate is looking to satisfy digital cable subscribers' need to be in "the know" through an iTV content deal with The Associated Press. The partnership will deliver a 24/7 updated news and information service to WorldGate's iTV subscriber base systems in Canada, the United States and Latin ...
Verizon Communications Inc. has cut its outlook for 2002, citing the ongoing economic downturn. In its revised guidance, the company said it expects revenue to be flat or down 1 percent compared to last year, as opposed to flat or up 1 percent. Verizon has pared its capital expenditures from as much as $15 billion, to as little as $13 billion.
Although the DSL access equipment market will continue to suffer this year, the market may be offered some reprieve next year, according to one industry analysis. DSL access equipment sales are expected to dip to $4.1 billion, a 26 percent drop from the numbers posted in 2001, according to industry researcher Dell'Oro Group.
Comdisco Inc.'s reorganization plan has been given the green light by the U.S. Bankruptcy Court for the Northern District of Illinois. The company expects to emerge from Chapter 11 in August. The plan calls for Comdisco to spend up to three years to wind down the company's remaining assets. The sell-off is expected to bring roughly 90 percent recovery to its creditors.
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 The Dallas Morning News The Dallas Morning News…07/31/2002 From LexisNexis The nation's top telecommunications regulator defended his market-based policies before a U.S. Senate panel Tuesday and said the beleaguered industry needed consolidation, new services and regulatory changes to recover.
Copyright 2002 Gannett Company, Inc. USA TODAY…07/31/2002 From LexisNexis In an effort to jump-start the languid rollout of digital TV, federal regulators next week are expected to require all new TV sets to include digital receivers by 2006, say people familiar with the matter. TV makers say the mandate would boost the price of a TV by about $200, dampening sales.
Despite fierce competition in the broadband space, EarthLink Inc. surpassed its quarterly subscriber estimates for its high-speed Internet service, adding 72,000 customers during the second quarter. The uptick in broadband subscribers help offset a 6 percent year-over-year dip in dial-up customers. The company's second-quarter net loss shrank from $98.
After weighing all its options, Birch Telecom has opted to seek creditor protection under the shroud of a Chapter 11 bankruptcy filing, while it works to trim its debt to $100 million. The CLEC had first raised the possibility of a bankruptcy filing back in December. At that time, the company said it was "actively engaged in discussions with its senior lenders regarding a possible restructuring...
Less than a week after a class action lawsuit was filed against metro networker Riverstone Networks Inc., the company is being sued again. The class action lawsuit claims the company and certain senior officers deceived investors by falsely representing Riverstone's financial condition and prospects in public statements.
The hits just keep on coming at WorldCom Inc. The latest: the company's securities have been delisted from the Nasdaq. The Nasdaq Listing Qualification Panel has decided that in light of WorldCom's recently bankruptcy filing and the pending restatement of financial results for 2001 and the first quarter 2002 the company's securities would be delisted today.
Copyright 2002 The Deal L.L.C. The Daily Deal…07/30/2002 From LexisNexis Germany's Deutsche Telekom AG said Monday it is in talks with five international groups interested in buying its six remaining regional cable operators. The Bonn-based company said it selected the five from nine nonbinding offers that were submitted last week.