• FiberCore Inc. closed on a $6 million private placement of 5 percent convertible subordinated debentures to institutional investors, it says. The company has the option to increase the dollar amount to $9 million. FiberCore received $5 million at closing, with another $1 million coming with the filing of a registration statement.
After successful trials in Manchester and Glasgow, United Kingdom broadband provider NTL will deploy BroadJump Inc.'s Virtual Truck Qualifier, Installer and CorrectConnect for its cable modem and set-top customers. Financial terms were not disclosed, but the deal gives BroadJump access to the U.K. and increases its presence in Europe.
Some of the industry's biggest names pulled out the stops and statistics, hoping to prompt government action in getting the sluggish broadband sector moving. The Technology Network, or TechNet, proposed a goal of 100 Mbps to 100 million homes and small businesses by 2010, it says. The Palo Alto, Calif.
3Com Corp. will trim 500 jobs from its 5,900-member workforce and transfer some of its corporate activities into its trio of new operating units. The moves are part of 3Com's next phase of its year-old corporate refurbishment. The company doesn't break out where the cuts will come from, says spokesman Brian Johnson, but the paring comes on the heels of last year's 6,000 layoffs.
Not a lot to see yet, but C-COR.net has an agreement in principle with AOL Time Warner, which will use C-COR.net's management software in three partially undetermined systems this year. Financial terms were not disclosed. Under the deal, AOLTW will use C-COR.net's COR-Convergence Integrated Service Management System software in three systems this year, starting with one in Tampa, Fla.
Pondering the extent of softswitch use? A study from the International Softswitch Consortium says 67 percent of the RBOCs and 43 percent of the inter-exchange carriers surveyed already carry live customer traffic on a softswitch, and carriers are committed to more. Current & Planned Uses of Softswitches and Next Generation Networks in the U.
Liberate Technologies added a premier partner level to its PopTV Program. The new level's benefits include preferred referrals to network operators, Liberate internal information on software APIs and a shot at applying for development funding. The perks are in addition to the program's present tools, training and support programs, Liberate says.
Inventory gluts aside, the digital cable set-top market will grow this year, with worldwide sales, including cable, satellite and terrestrial platforms, reaching 45 million units, a study says. Digital Set-Top Boxes: Satellite, Cable and Terrestrial Opportunities from Allied Business Intelligence points out the industry sold 36 million units in 2001 and 28 million in 2000.
N2 Broadband integrated its MediaPath content distribution products with DIVA's VOD server platform and content management system. N2's MediaPath transmits digital video content to DIVA's servers, while DIVA's content management system provides the VOD server space management, multiple content provider service management, and national and regional programming support, the two say.
USA Broadband Inc., says it's absorbing recently acquired Cable Concepts Inc., named interim management of both companies, and appointed new board members. USA, formerly Optika Investment Co. Inc., is a holding company with an eye on acquiring its way into providing digital TV, entertainment, data, Internet and broadband services.
Microsoft TV upgraded its TV Developer Program and worked deals with two set-top vendors as a program benefit, it says. The program pulls together companies with iTV products and services that run on its Microsoft TV platform. Microsoft says OctalTV SA will supply its 5005 advanced set-top to certain members, and Pace Micro Technology will provide its Di 6000, starting next month.
Eagle Broadband acquired the San Antonio unit of SelectPath, a retail and wholesale wireless messaging company in a cash transaction. The company's 4,000 customers provide a net cash flow of more than $200,000, Eagle Broadband says. EB supplies broadband wired and wireless products and services. … Cox Communications Inc.
Hoping to tackle the multitenant office building market, U.S. RealTel says it will acquire in-building provider Cypress Communications Inc. for about $17.24 million. The deal should close Feb. 28. Under the deal, U.S. RealTel, which owns telecom rights worldwide, would offer $3.50 per share for all outstanding Cypress shares.
So why did that digital device deployment get off to such a lackluster start? According to one study: It's probably your fault. The digital industry deploys like demons, but doesn't consider customer needs. "Both camps (PC and consumer electronics companies) often spend millions of dollars on concepts like Internet appliances that exploit the technology but miss the mark among their core consum...
Cable TV network and alliteration advocate TechTV says its "TechTV-appointed panel of product evaluators" picked the Best of CES winners. From the 2002 International Consumer Electronics Show in Las Vegas, judges weighed new products in 12 categories, plus an overall best of show entry. Nominations were evaluated according to innovative appeal, usability, usefulness and affordability, and debut...