• DirecTV adds HD local market to tally
By Traci Patterson
DirecTV is now offering local high-definition programming to customers in the Harrisonburg, Va., designated market area.
The following broadcast networks are now available in HD: WHSV/ABC, WVPT/PBS and FOX.
DirecTV now offers local HD broadcast channels in 123 cities, representing 89 percent of U.S. TV households.
• Akamai Technologies’ Q1 profit nearly flat
By The Associated Press
CAMBRIDGE, Mass. (AP) – Akamai Technologies Inc. said Wednesday its first-quarter profit was nearly flat year-over-year, even as the Internet traffic-management company said a growing number of long-term customers helped boost sales.
Quarterly earnings edged up half a percent to $37.1 million, or 20 cents per share, from $36.9 million, or 20 cents per share, in the same period last year. Results included heftier stock option expenses and amortization charges than the year-ago quarter, along with other special items. Excluding those items, the company said it earned 43 cents per share. That topped the average estimate of analysts surveyed by Thomson Reuters, who were looking for profit of 40 cents per share. Their estimates generally exclude special items.
Sales increased 13 percent to $210.4 million, from $187 million in the year-ago quarter, beating Wall Street's predicted $208.5 million in revenue. The company said the number of customers under long-term contract increased 10 percent from last year. Akamai also said its board authorized a $100 million share buyback program to offset the shares it grants to employees as part of their compensation packages.
• Amimon bows second-gen wireless 1080p chipset
By Mike Robuck
Amimon recently announced the availability of its second-generation baseband chipset. The transmitter and receiver chips, which are called AMN 2120/2220, were designed for the WHDI (Wireless Home Digital Interface) standard, and Amimon said they were the first chipset capable of wirelessly delivering full, uncompressed 1080p/60Hz high-defintion content throughout the entire home.
The second-gen chipset is based on the video modem technology operating in the 5GHz unlicensed band, pioneered by Amimon and the backbone of WHDI.
The AMN 2120/2220 chipset can be embedded into consumer electronics devices such as LCD and plasma HDTVs, multimedia projectors, A/V receivers, Blu-ray DVD players, set-top boxes, game consoles, computers, DVRs, PCs and HD video accessories/dongles, allowing wireless streaming of uncompressed HD video and audio.
• Acme Packet acquires Covergence
By Traci Patterson
Acme Packet has acquired Covergence, and the deal is valued at approximately $22.8 million, with about $22.2 million of Acme Packet common stock and an aggregate of $600,000 in cash payments to stockholders of Covergence and tax withholding payments.
Maynard, Mass.-based Covergence offers software-based session border controllers (SBCs) for delivering VoIP/IP telephony, unified communications and service-oriented architecture (SOA) applications. Covergence’s software-based SBCs will complement Acme Packet’s Net-Net family of hardware-based SBCs by extending Acme Packet’s low-end product range to address the needs of small and remote enterprise locations, the company said.
“SIP trunking – with its compelling return on investment and increasing worldwide availability – will drive many enterprises to deploy it to even the smallest of locations,” said Andy Ory, CEO and co-founder of Acme Packet. “With the acquisition of Covergence, Acme Packet accelerates its ability to now satisfy the SIP trunking SBC requirements of enterprise small offices and remote sites.”
• Motorola ex-CFO denies destroying evidence
By The Associated Press
CHICAGO (AP) – Motorola Inc.'s former chief financial officer denies that he destroyed evidence by wiping files from a company laptop.
Paul Liska left the company on Jan. 29 and later sued Motorola, saying the company retaliated against him for warning that its financial projections were overly optimistic.
Motorola, for its part, has said Liska tried to extort the company. As part of the legal battle, the company accused Liska two weeks ago of destroying files before returning a company laptop. In a response Tuesday with a Chicago court, Liska said only personal files were wiped from the laptop. He says work-related documents have been preserved on another hard drive.