• Sierra Tel migrates to 10 GigE
By Brian Santo
Sierra Telephone, a service provider in Central California, is migrating to a 10 Gigabit Ethernet architecture, based on long-time supplier Tellabs’ 8800 Multiservice Router (MSR) Series.
"Tellabs Business Services Solutions enable Sierra Telephone to keep our current infrastructure as long as needed while also offering new services," said Jeff Busto, central office network manager at Sierra Telephone.
• AmberFin sets up shop in U.S.
By Brian Santo
AmberFin hired Jay Batista as president of its Americas’ operation, responsible for sales, marketing and business development. Batista had been vice president of sales at VCI Solutions, and had previously worked at Harris’ Broadcast Communications Division and California Microwave.
AmberFin has products for ingest and transcoding, delivering content across multiple delivery platforms, including the Internet, VoD, TV, mobile and other small screen devices. Customers include Sony, NBA, Turner Broadcasting, BT, Channel 4, RTM and Warner Brothers, managing the digitization and repurposing of their content.
• In the media: Cutting the cable cord
By Brian Santo
As broadcast networks put more and more video online, there’s evidence that some video subscribers are dropping their cable connections and relying strictly on broadband to access video.
MSOs report that the phenomenon is hardly evidenced yet, but the concept is clearly intriguing the general public, according to an item in Seeking Alpha (story here).
The article notes the existence of Hulu, Boxee, Bittorrent, etc., and includes a somewhat troubling time-based graph of Google searches for “cancel cable” over the last few years, but notes that the number of people watching online is still very, very small.
• Time Warner Cable joins S&P 500 Index
By The Associated Press
NEW YORK (AP) — Standard & Poor's said Wednesday it will add Time Warner Cable Inc. to its S&P 500 index, replacing mall owner Developers Diversified Realty Corp., after the market closes on March 27, when parent company Time Warner Inc. is expected to spin off its remaining interest in the cable operator to its shareholders.
In addition, auto parts retailer O'Reilly Automotive Inc. will replace offshore drilling contractor Noble Corp. in the S&P 500. On Tuesday, Noble said its shareholders have approved switching the company's incorporation from the Cayman Islands to Switzerland, which will make it ineligible for the S&P 500 index.
Itron Inc., which makes meter reading equipment for utilities, will replace O'Reilly in the S&P MidCap 400, while financial services company NBT Bancorp Inc. will replace Itron in the S&P SmallCap 600.
S&P has not yet announced the date of those changes.
Standard & Poor's is a subsidiary of McGraw-Hill Cos. Shares of companies added to the S&P 500 often rise, since many investment portfolios are linked to the index.