Copyright 2002 Reed Elsevier Inc. Daily Variety…08/05/2002 From LexisNexis The city of Los Angeles has granted bankrupt Adelphia Communications a 45-day extension on its cable TV franchise, which was set to expire Friday, a City Attorney's Office spokesman confirmed. Provisional agreement, which must be approved by the City Council, gives the two parties some extra breathing room to hash ...
A lawsuit has been filed against Charter Communications Inc. for alleged misleading accounting practices. The MSO is defending its books, and says its SEC filings paint an accurate picture of its financial condition. The suit, filed in the U.S. District Court for the Central District of California July 31, claims that Charter used "misleading accounting practices that had the effect of misrepre...
Cox Communications has selected Toshiba America Information Systems as a "preferred" vendor of cable modems based on the advanced DOCSIS 1.1 specification. Financial terms were not disclosed. Specifically, Toshiba will supply the MSO with its PCX2500 model, the first production-ready cable modem to get the DOCSIS 1.
DOCSIS cable modem shipments topped 2.5 million units in the second quarter of 2002, a new quarterly record, Kinetic Strategies Inc. said in its August report. Motorola Broadband maintained its healthy, global lead over its rivals with 825,000 total units shipped and a 32.12 percent market share. The company also reestablished itself as the leading shipper of DOCSIS modems in North America with...
SwitchPoint Networks Inc. has completed its trial of Gemini Voice Solutions Inc.'s Gemini Broadband Voice feature-rich, "any-distance" telephony service over its digital switched data network. The 90-day trial was conducted in SwitchPoint's 1,000+ home research and development network in Springville, Utah.
CableLabs said its second OCAP (Open Cable Application Platform) interoperability event on July 22 was a success as fifteen different vendors joined in with "critical pieces" that make up the specification's puzzle, including hardware platforms, middleware implementations, interactive television applications and development and test tools.
Ben Duval, a long-time cable industry figure, died at his home in Santa Monica, Calif. on July 25. He was 71. Duval, who termed himself a "peddler deluxe," operated the B.E. Duval Company, a rep firm and equipment distributor, since the late 1960s. During his tenure at the company, Duval helped several companies make their entry into the cable business.
Copyright 2002 Toronto Star Newspapers, Ltd. Toronto Star…08/02/2002 From LexisNexis JDS Uniphase Corp. said yesterday it will sell technology once considered critical in the rush toward next generation fiber-optic networks to France's MEMSCAP for about $9 million (U.S.). That's a fraction of the $565 million paid two years ago by JDS, the world's largest supplier of components and module...
A boost in digital cable and high-speed Internet access customers led Comcast Corp. to a 16 percent year-over-year increase in revenue. The cabler posted revenue of $2.71 billion, which topped analyst consensus estimates of $2.66 billion, according to Thomson Financial/First Call. Adjusted net income, excluding nonoperating items, amounted to $140.
ADC has its eye on the prize: profitability. The telecom equipment maker is taking additional steps to cut costs, including getting out of the optical components business and refocusing its DSL access portfolio. The company has hired Lehman Brothers to assist in the evaluation of its optical components business, and determine whether the unit should be sold or just shut down.
It's the old adage, "if at first you don't succeed, try, try again." After failing to win approval to purchase Deutsche Telekom's cable units in Europe, Liberty Media Corp. has inked a deal to acquire France Telecom's cable operator N.V. Casema. The agreement will jump start Liberty Media's efforts to expand its footprint in the European market.
As if misreporting billions in expenses and filing for bankruptcy wasn't enough, two former WorldCom Inc. executives have surrendered to federal authorities to face charges related to financial wrongdoing. Scott Sullivan and David Myers surrendered at an undisclosed location early this morning. Details of the charges against Sullivan and Myers have not yet been disclosed.
Motorola Inc. has targeted a town in southwestern Missouri as the spot for the first rural deployment of its high-speed wireless broadband access product, dubbed Canopy. NexLink communications Inc. has deploy the fixed wireless system in Republic, Mo., and is offering high-speed Internet access services to the residents and businesses.
Copyright 2002 The Deal L.L.C. The Daily Deal…08/01/2002 From LexisNexis As the telecommunications slump deepens, concerns about the long-term viability of Lucent Technologies Inc. and Nortel Networks have flared with every new dismal forecast for the industry. In fact, though, most observers say both telecom equipment makers have enough cash to weather the next 18 months.
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.