A boost in digital cable and high-speed Internet access customers led Comcast Corp. to a 16 percent year-over-year increase in revenue. The cabler posted revenue of $2.71 billion, which topped analyst consensus estimates of $2.66 billion, according to Thomson Financial/First Call. Adjusted net income, excluding nonoperating items, amounted to $140.
ADC has its eye on the prize: profitability. The telecom equipment maker is taking additional steps to cut costs, including getting out of the optical components business and refocusing its DSL access portfolio. The company has hired Lehman Brothers to assist in the evaluation of its optical components business, and determine whether the unit should be sold or just shut down.
It's the old adage, "if at first you don't succeed, try, try again." After failing to win approval to purchase Deutsche Telekom's cable units in Europe, Liberty Media Corp. has inked a deal to acquire France Telecom's cable operator N.V. Casema. The agreement will jump start Liberty Media's efforts to expand its footprint in the European market.
As if misreporting billions in expenses and filing for bankruptcy wasn't enough, two former WorldCom Inc. executives have surrendered to federal authorities to face charges related to financial wrongdoing. Scott Sullivan and David Myers surrendered at an undisclosed location early this morning. Details of the charges against Sullivan and Myers have not yet been disclosed.
Motorola Inc. has targeted a town in southwestern Missouri as the spot for the first rural deployment of its high-speed wireless broadband access product, dubbed Canopy. NexLink communications Inc. has deploy the fixed wireless system in Republic, Mo., and is offering high-speed Internet access services to the residents and businesses.
Copyright 2002 The Deal L.L.C. The Daily Deal…08/01/2002 From LexisNexis As the telecommunications slump deepens, concerns about the long-term viability of Lucent Technologies Inc. and Nortel Networks have flared with every new dismal forecast for the industry. In fact, though, most observers say both telecom equipment makers have enough cash to weather the next 18 months.
In a much-anticipated decision involving contested interactive program guide technology, an International Trade Commission judge in June ruled against Gemstar-TV Guide International, claiming that EchoStar Communications, Pioneer New Media Technologies, Scientific-Atlanta and SCI Systems did not infringe on Gemstar's IPG patents.
The Society of Cable Telecommunications Engineers (SCTE) said its data standards subcommittee has approved four new standards for IPCablecom, a global architecture for packetized applications and services whose roots are found in North America's PacketCable platform. The four newly-approved standards are: SCTE 24-14 2002 (Primary Line Support), SCTE 24-15 2002 (Interdomain quality of Service),...
C-COR.net has struck a deal valued at about $78 million to snap-up Philips Broadband Networks (PBN), a move that is expected to widen C-COR.net's international scope by three-fold. The deal, expected to close by the second half of this year, will add about $100 million in annual accretive revenue, C-COR.
Arris' C4 cable modem termination system and Toshiba's PCX2500 cable modem became the first equipment last month to pass the test for the EuroDOCSIS 1.1 specification. The EuroDOCSIS Certification Board said the milestone was achieved after it invited those vendors to resubmit their products following certification wave 8, following "only minor problems being found during certification wave 7.
Wavexpress has locked down its first trials for its IP broadcast service with Missouri-based St. Joseph Cablevision and with USA Media in Osburn, Idaho. Wavexpress–whose backers include USA Media Group and News-Press & Gazette Company (NPG), which operates the St. Joseph cable system–offers a multicast system that supports "enhanced" Internet content, including games, full-scre...
Calling it a step toward diversification and overall growth, AM Communications Inc. said its wholly-owned subsidiary, AM Broadband Services Inc., has completed its acquisition of start-up Nex-Link Communications, a provider of cable engineering, construction and fulfillment services. Nex-Link recorded revenues of roughly $3 million for the six-month period ended June 30, and company co-founder...
After signing two video-on-demand server deals in the wake of Diva Systems' bankruptcy, Charter Communications Inc. said it will answer the content side of the VOD equation via a deal with TVN Entertainment Corp. Under terms of the deal, TVN will encode on-demand content for the MSO from its Digital Network Operations Center and transport VOD titles and subscription-VOD content via TVN's Secur...
Narad Networks hopes to give its commercial broadband over cable plans a big boost following a new alliance with IBM. Under terms of the deal, IBM and Narad will team on an open standards-based architecture designed to give cable operators an easy way to offer broadband services to small- and mid-sized businesses (SMBs).
Digital storage and personalization will continue to lead the way as the digital video recorder (DVR) market reaches 28.6 million users (and 28 percent of all U.S. TV homes) by 2008, The Carmel Group predicted during last month's Cable & Telecommunications Association for Marketing (CTAM) confab in Boston, Mass.