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Broadband Briefs for 04/08/09

Wed, 04/08/2009 - 8:00am

Juniper preps market for dull quarter
By Brian Santo

Doling out bad news in dribs sometimes works to soften the full impact of the blow. Juniper Networks has volunteered preliminary results for a desultory first quarter. Juniper expects to report revenue between $760 and $765 million, below the company’s guidance of $800 to $830 million. The company said the shortfall was primarily due to lower-than-expected sales to service providers.

On the other hand, previously announced cost reductions saved the company more than expected.

The company is scheduled to release full Q1 2009 financial results on April 23, after the close of the market.

Qwest expands debt offering
By Brian Santo

Qwest concluded an offer of $810.5 million in debt securities and will use the proceeds for general corporate purposes, largely for repayment of debt coming due this year.

Qwest continues to carry a much higher debt load than most other service providers.

The company originally planned to offer only $300 million in securities but said it raised the total in the offering in response to demand. The sale of the notes is expected to close on April 13.
 
Qwest won’t report first-quarter earnings until April 29 but offered a terse “update,” telling the market to expect modestly lower revenue but also EBITDA that “will exceed consensus analyst estimates.”

SCTE Foundation awards grant to Cox’s Michael
By Traci Patterson

The Society of Cable Telecommunications Engineers (SCTE) Foundation recently awarded a grant to SCTE member Joseph Michael of Cox Communications.

Michael, of Iola, Kan., is director of field operations for Cox. He will apply the grant toward completing his bachelor’s degree in human resources development at Southwestern College in Winfield, Kan. Michael has been an SCTE member since 1989.

The SCTE Foundation was established by the SCTE board of directors in 2005 and began issuing grants in 2006. The Foundation has helped numerous SCTE members by distributing grants totaling almost $110,000. All of the financial assistance that the Foundation provides is made possible through donations from individuals and organizations within the cable telecommunications industry.

In the media: Targeted advertising
By Traci Patterson

As cable, telco and satellite providers begin to roll out technology that allows for targeted TV advertising, will those ads justify higher fees, BusinessWeek asks (story here)?

And remaining issues in the targeted advertising arena, the magazine reports, include the lack of a nationwide technical standard, necessary to deploy the technology in enough households to give advertisers the reach they are looking for.

How much to charge for addressable ads is another sticking point, BusinessWeek reports. How much advertisers pay will depend ultimately on how targeted and interactive the ads become. As the technology improves, the TV companies say, companies will be able to target much smaller groups based on far more granular data.

In the media: DirecTV charges on
By Traci Patterson

DirecTV continues to defy the recession and skeptics alike, reports The Wall Street Journal (story here; subscription required).

Despite fears over a dropoff in consumer spending, a meltdown in the economy and the lack of direct pipeline into people's homes, the satellite-TV provider has added subscribers at a rapid clip, trouncing rival Dish Network and taking share from cable giants such as Comcast, according to the Journal.

DirecTV recently began a partnership with AT&T to jointly sell their services, and last month it extended a valuable, if costly, deal with the National Football League. And while the effects of the recession still loom, its customers are less vulnerable than some of its competitors.

Judge orders Nacchio to report to prison April 14 
By The Associated Press

DENVER (AP) – A judge has ordered former Qwest Chief Executive Joseph Nacchio to report to prison by noon April 14 to start a six-year sentence on his insider trading conviction.

Nacchio had asked the judge to set bail so he could remain free while he appeals his 2007 conviction to the U.S. Supreme Court.

U.S. District Judge Marcia Krieger denied the request Tuesday, saying Nacchio hadn't shown he would likely win a reversal of his conviction or sentence or be granted a new trial.

More Broadband Direct 04/08/09: 
•  FCC gets going on national broadband plan
•  DirecTV DVR app breaks into Apple's top 10
•  Synacor helps D&E Communications expand portal 
•  PerfTech signs up 3 more customers
•  SCTE seeks papers for Expo in October
•  Cable's answer to online's ad success: Targeting
•  Syniverse offers 'More' roaming hub features
•  Reports: Nokia Siemens going after parts of Nortel
•  Survey: Users expect touchscreen 
•  Forecast calls for big market for picoprojectors
•  Sharp forecasts bigger loss amid global slowdown
•  Broadband Briefs for 04/08/09

 

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