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Broadband Briefs for 04/29/09

Wed, 04/29/2009 - 8:00am

Verizon intros FiOS TV in Md. county
By Traci Patterson

Verizon has introduced its FiOS TV service to more than 3,400 households and businesses in Hartford County, Md.

In Maryland, FiOS TV and FiOS Internet are available to consumers in Anne Arundel, Baltimore, Harford, Howard, and Montgomery and Prince George's counties, including Aberdeen, Annapolis, Bel Air and LaPlata.

Currently, FiOS TV is available to 9.7 million homes in 14 states: California, Delaware, Florida, Indiana, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Texas, Virginia and Washington State.

Vecima lowers Q3 expectations
By Traci Patterson

Vecima Networks has announced that, due to a delay in shipping its new cable product and the general softening of markets, it expects to report revenue for the third quarter, ended March 31, in the range of $20 million. Vecima’s revenue for the second quarter of 2009 was $36.9 million, a 34 percent increase compared with the $27.4 million reported for fiscal 2008.

The company expects that “it will not be able to meet its fiscal 2009 revenue growth target of 20 to 30 percent over fiscal 2008,” and instead anticipates year-over-year revenue growth to be down 5 percent. But Vecima did say that it expects to maintain its record of profitability in both the third quarter and fourth quarter.

"The shortfall in Q3 revenue is reflective of the timing of deliveries for the new network cable product and not of any deterioration in the fundamentals of our business; our solid balance sheet, dynamic product offering, blue-chip customer base and experienced management team continue to be our proven strengths," said Vecima CEO and Chairman Surinder Kumar. "Based on orders in hand and strong customer forecast demand for this new cable product, we remain excited about the prospects for our new product offerings. Because of our new product offerings, as we come out of this general economic slowdown, we believe our future annual growth will exceed our traditional range of 20 to 30 percent."

CSG Systems’ revenue increases 9% in Q1
By Traci Patterson

CSG Systems, a provider of customer interaction management and billing solutions, reported revenues of $123.5 million in its first quarter, an increase of 9 percent year-over-year.

During the quarter, CSG entered into a new agreement with Charter Communications to expand the use of CSG solutions supporting Charter’s national video, high-speed data and telephony footprint through Dec. 31, 2014. And Cox Communications, CSG’s largest print services-only client, deployed SmartColor, CSG’s advanced color print solution, to enhance its monthly printed statements.

“We are quite pleased with our solid financial results for the start of 2009, as we increased adoption of our solutions, diversified into new verticals and delivered new products to the marketplace,” said Peter Kalan, president and CEO of CSG Systems. “We continue to increase our market share within the cable sector, with planned conversions of over 3 million subscribers onto our Advanced Convergent Platform during the next 12 months.”

CommScope’s revenue, profit drop in Q1
By Traci Patterson

CommScope reported revenue of $742.3 million and a net loss of $20.5 million, or 29 cents per share, in its first quarter, ended March 31. This compares with revenues of $1 billion and a net loss of $11 million in the year-ago quarter.

The reported net loss includes after-tax charges of $15.3 million for the amortization of purchased intangibles, $8.6 million for the loss on extinguishment of debt, and $7.6 million in restructuring and other special items, the company said.

“The first quarter was an exceptionally difficult quarter,” said Chairman and CEO Frank Drendel. “We entered 2009 with a market that was decelerating significantly as challenging economic conditions were compounded by customer and distributor inventory reductions. However, we continue to see positive wireless fundamentals, including significant wireless subscriber growth in India and China, as well as strong wireless data growth in more mature markets.”

Cable Center offering 2 educational courses
By Traci Patterson

The Cable Center's Learning and Development Group is offering educational courses designed to provide participants with knowledge and understanding of the cable industry. The new courses are part of an expanded, industry-focused learning and development curriculum that The Cable Center is building as part of "Customer Care Central," a collection of programs and initiatives that provide the industry with tools and resources to improve customer experiences and customer care management.

“Accounting and Finance for Operations Managers” will be offered May 12-14 and August 18-20 at The Cable Center in Denver. The course is intended to sharpen cable accounting and finance knowledge through a comprehensive three-day program that takes an in-depth look at financial metrics and concepts used in the industry.

“Cable Boot Camp and Beyond” will be offered September 22-23 at The Cable Center and is a two-day program that provides a training ground for professionals who are new to the industry and need an introductory background on the cable business, for those who are making a switch to a new discipline, or for those who may need a refresher on the industry. The program is designed for cable operators, programmers and vendors.

More Broadband Direct 04/29/09:
•  TWC, busy with rollouts, sees revenue increase in Q1
•  ACA makes its pitch for broadband stimulus funds
•  Comcast's wideband tier available to SMBs in Boston area
•  Qwest's Q1 earnings rise 37% after cost cuts
•  Write-down part of Q3 letdown for Concurrent
•  NRTC strikes deal with private WiMAX op
•  Rumors swirl in iPhone-land
•  As Oracle readies takeover, Sun's loss widens
•  Broadband Briefs for 04/29/09

 

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