Not that it should come as a big surprise, but XO Communications Inc. has filed for bankruptcy under the protective blanket of Chapter 11. Along with the filing, the broadband service provider has submitted a two-pronged reorganization plan. The bankruptcy filing, submitted in the U.S. Bankruptcy Court for the Southern District of New York, is limited to parent company XO Communications, and wi...
Looking to accelerate the adoption of DOCSIS 2.0, Imedia Semiconductor Corp. and DAQTron Inc. are teaming to develop automated testing equipment systems for the latest CableLabs' spec. The test systems jointly developed by the silicon vendor and the broadband test systems company will enable DOCSIS 2.
Movie-goers may look forward to windfall of summer blockbusters, but corporate IT directors may only view them as bandwidth drains. Streaming media Web sites, which include online movie trailers, are on the rise, up 412 percent in the last 12 months, according to new research from Websense Inc., an employee management solution provider.
Copyright 2002 Gannett Company, Inc. USA TODAY…06/17/2002 From LexisNexis NEW YORK — Scandal-plagued Adelphia Communications Corp. hung out more dirty laundry in a Securities and Exchange Commission filing late Friday. The No. 6 cable operator, widely believed to be on the verge of filing for bankruptcy protection, disclosed that: • On June 9, audit firm Deloitte & Touche ...
Copyright 2002 The Deal L.L.C. The Daily Deal…06/17/2002 From LexisNexis White Plains, NY-based Sandbridge Technologies, a developer of so-called "software defined radio" chipsets designed to allow handheld devices such as cell phones to easily shift between various transmission modes, including 3G and WiFi, has raised $14 million in a first round of funding.
Another VoIP company has been kicked to the curb — TollBridge Technologies has ceased operations. According to a company spokesman, TollBridge was unable to secure funding, but it is unclear what will happen next. Bankruptcy? An asset sale? More than likely, the answer to both is yes. In June of last year, the company said it had secured $22 million in funding, but now needed another infl...
The American Cable Association is continuing its fight to defeat the proposed EchoStar Communications-DirecTV merger. In a letter to the FCC, the faction claims EchoStar's notion that DBS is at a competitive disadvantage to cable systems is hogwash. The ACA is trying to rebuff statements made by EchoStar and DirecTV recently to the FCC that the merger would help level the playing field in the c...
In what was most likely music to the tech industry's ears, President George W. Bush said "this country must be aggressive about the expansion of broadband, we have to." In a speech to high-tech executives yesterday, Bush said the country should commit to deploying high-speed Internet access more rapidly, although he did not outline a specific plan to make this happen.
Cramer Systems has partnered with Cisco Systems Inc. to enable automated, low-cost provisioning of xDSL services over Cisco-powered networks. The companies have integrated Cramer's network inventory and provisioning automation solution with Cisco's CNS Configuration Engine network activation platform.
The hits just keep on coming at Metromedia Fiber Network. As if defaulting on bank loans, being delisted from the Nasdaq and filing for bankruptcy wasn't enough, now the embattled company is being formally investigated by the Securities and Exchange Commission. The probe surrounds past accounting practices that led to the restatement of MFN's operating results for the first three quarters of 2001.
While it hasn't been cable's strong point historically, research firm The Yankee Group thinks recent technology tweaks have positioned MSOs to make healthy gains in the business-services market. With cable operators showing increasing interest in extending their residential coaxial networks to reach business customers, start-up companies including Narad Networks Inc.
Copyright 2002 Reed Elsevier Inc. Daily Variety…06/14/2002 From LexisNexis WASHINGTON — In a boost for the satcasting biz, the Federal Communications Commission on Thursday extended for another five years a rule forcing cablers to make their programming available to their winged competitors.
Copyright 2002 Toronto Star Newspapers, Ltd. Toronto Star…06/14/2002 From LexisNexis Canadian telecommunications equipment giant Nortel Networks says demand from China will start to pick up later this year, although the mainland market for networking gear won't soon return to 2001's boom levels.
Lucent Technologies Inc. is warning third-quarter revenue is expected to slide as much as 15 percent compared to the second quarter. The telecom equipment giant blames weak demand for its equipment. Lucent, which posted second-quarter revenue of $3.52 billion, said Q3 revenue will decline, on a sequential basis, between 10 percent and 15 percent.
Hey ISPs and large enterprises, look for the "Private Label," says WorldCom Inc. The telecom giant is rolling out a wholesale DSL service to leverage its IP network. The Private Label DSL service is designed to enable customers to deliver high-speed Internet access services using WorldCom's facilities-based DSL network, all the while marketing the service as their own.