Concurrent Computer Corp. and TVGateway LLC teamed up to build an integrated system that combines video-on-demand with an interactive program guide. Concurrent combined its VOD product with TVGateway's interactive program guide into a product that can be used with any Motorola DCT2000 set-top box using WorldGate CableWare middleware.
Lucent Technologies and Alcatel are expected to announce a merger today, where Alcatel will purchase Lucent for $23.4 billion in stock, Reuters reports. The transaction has not been confirmed by either company, but details are emerging via unnamed sources. The merger would exclude Lucent's share of Agere Systems Inc.
RiverDelta Networks Inc. landed EuroDOCSIS qualification for its Broadband Services Router 64000. The company says the CMTS/router is fully redundant and accommodates the fault detection and switchover required for high-availability and critical services over cable networks. Switching in the redundant elements takes milliseconds and is transparent to subscribers, it adds.
Teligent Inc.'s new chair resigned over the weekend after less than a month on the job. Teligent spokeswoman Tita Thompson could not comment on why Howard Jonas resigned, nor could she say if there was a replacement. The board will replace Jonas over time, she says. Jonas, who took the Teligent helm April 30, also is chair and CEO of IDT Corp.
Covad Communications Group Inc. reported a $1.4 billion net loss, or $9.47 a share, for 2000 and a $907.5 mission net loss for its fourth quarter. The results generated a "going concern" from its auditors. "The focus in 2000 was on fast growth and maintaining a leadership position," Chair Chuck McMinn said in a statement.
TiVo Inc. landed several patents this week, including one for its personal video recording software and hardware, it says. The announcement yesterday sent its stock from $4.94 to $8.50 a share. But TiVo also announced net losses of $50.2 million or $1.20 per share for the quarter ending April 30. In January, it had reported a net loss of $81.
ADC reported a net loss of $1.05 billion or $1.33 a share during its second quarter of 2001. The company also saw sales decrease to $652 million from $771 million a year ago. Chair and CEO Richard R. Roscitt cited capital spending markets, and said the company is being restructured and streamlined. It also is refocusing on such growth areas as optics, DSL, IP cable and software.
WideOpenWest LLC has confirmed talk it will acquire the assets of Ameritech New Media. The acquired systems serve about 310,000 households in Chicago; Detroit; and Columbus and Cleveland, Ohio. The systems will become a platform for introducing digital video and broadband high-speed Internet service to 2 million Midwest households, WOW says.
Charter Communications Inc. has priced its offerings and will issue about 52.4 million shares of Class A common stock at $21 a share and $550 million of convertible senior notes at 4.75 percent annually, it reports. The notes, due 2006, are payable semiannually and will be convertible into Class A common stock at a conversion price of $26.
CableLabs and two standards groups have developed a set of specifications that define an advanced IP architecture. The specifications, called IPCablecom, define a complete system for delivering communications services, including telephony, to residential cable customers, CableLabs reports. The system is based on IP and advanced packet transmission.
Adaptive Broadband was delisted from NASDAQ yesterday, following two weeks of suspended trading. The company says it will seek a review. On May 15, the company announced it would delay filing of its 10-Q for the quarter ended March 31 pending a review of its 2000 results. And not only did it announce revenues of $1 million — lower than the low end of its guidance of $2 million — but...
Deutsche Telekom and Lucent report successful testing of Lucent Technologies' 40 Gbps optical networking technology. DT used it over a 72-mile distance. The system is based on time-division multiplexing technology (OC-768/STM-256), transmitting voice, video and data with a single laser over a single wavelength of light, Lucent reports.
U.S. cable operator gross revenue will rise from $35 billion last year to more than $60 billion in 2006, and most will come from new services, a study says. But basic and enhanced basic revenue is growing only at a 4 percent rate, even with price increases, and a lot of that revenue goes to networks, not cable operators.
OpenTV's middleware has now been installed in 16 million set-top boxes worldwide, with 2.1 million new OpenTV-enabled STBs deployed in the first quarter 2001, the company reports. The company shipped 1.6 million STBs in first quarter 2000. In totting up its first-quarter results, OpenTV also found that it had its second consecutive quarter of at least 2 million deployments — coming primar...
The House Judiciary Committee begins hearings today on the Cannon-Conyers Package, a set of bills intended to strengthen requirements of the 1996 Telecom Act that require RBOCs to open the local markets to competitors. The package, introduced earlier this month, opposes the Tauzin-Dingell bill (HR 1542), which seeks to open the long-distance market to the RBOCs and better allow them meet the gr...