Liberate Technologies ' shares were shedding 15 percent of their value in morning trading, following news that the interactive TV platform provider has lowered its first quarter outlook. In response to current market conditions and lowered demand in the cable and telecom markets for its software, Liberate expects to fall short of its previous first quarter revenue guidance of between $20 millio...
Residents in Northern California that subscribe to Astound Broadband's digital service will soon be receiving WorldGate Communications Inc.'s interactive services as part of their basic digital package. The WorldGate services will be packaged as Astound iTV and offered to customers in Walnut Creek and Concord, Calif.
The Euro-DOCSIS Certification Board has certified its second DOCSIS 1.1 cable modem and has qualified three CMTSs. Arris's Touchtone Telephony voice-enabled cable modem became the second cable modem to receive Euro-DOCSIS 1.1 certification, during the board's latest certification wave. Texas Instruments Inc.
With the strike deadline looming, fans are trying to soak up every bit of baseball out there. Earlier this week, 30,000 fans connected to the first-ever live video stream of a Major League Baseball game. The game, featuring the Texas Rangers vs. the New York Yankees, was streamed in high-definition 300K broadband video at MLB.
Marching forward with its plan of providing customers with a "one-box" solution, U.S. Robotics has teamed with SmoothWall Ltd. to provide firewall protection for its ADSL USB modems. Security software developer SmoothWall's SmoothWall GPL 2.0 software will support U.S. Robotics' SureConnect ADSL USB modem.
Copyright 2002 The Deal L.L.C. The Daily Deal…08/29/2002 From LexisNexis Carl Icahn said Wednesday he expects to have 95 percent of XO Communications Inc.'s $1 billion in bank debt after he closes on his tender offer Thursday, Aug. 29. This would give Icahn control of the Reston, Va. -based broadband provider if it fails to close on a proposed Forstmann Little & Co.
Copyright 2002 The Deseret News Publishing Co. The Deseret News (Salt Lake City, UT)…08/28/2002 From LexisNexis Helius Inc., which develops technology for seamless broadband communication over satellite and local area networks, is establishing the Strategic Reseller Program for enterprise partners to support the Helius Router for Hughes DirecWay.
SeaChange International Inc. let go with the industry's worst kept video-on-demand secret Tuesday afternoon, revealing with the release of its second quarter numbers that the company had won a contract to be Insight Communications' new VOD server and system vendor in 10 markets. Prior to going with SeaChange, Insight's primary vendor was Diva Systems Corp.
As customer spending for telecom gear continues to wane, Nortel Networks is weighing its options. The latest: the company plans to cut 7,000 more jobs and has revised its third-quarter sales forecast. The company's stock fell nearly 18 percent at one point in morning trading action. The telecom equipment giant has eliminated roughly 50,000 jobs since last year.
With the help of Broadcom Corp., Kasenna Inc. is pushing the performance envelope for video-on-demand delivery on Gigabit Ethernet interfaces. The streaming media provider says it has achieved throughput of 910 Mbps output on a Gigabit Ethernet interface from its MediaBase XMP video delivery platform.
RCN Corp. takes an expected step to shed some non-core cable systems in New Jersey to focus on its bundling service strategy. The $245 million cash deal will give control of the Central New Jersey systems and its 80,000 subscribers to private equity firm Spectrum Equity Investors and former cable executive Steve Simmons.
It seems operators have been waiting for the other shoe to drop when it comes to home networking. So far, operators have initially tested and trialed various home networking technologies in an effort to define a model that might glean some additional revenue in providing home routing and connection sharing equipment to broadband customers they already have.
SONICblue Inc.'s stock was being pummeled in early morning trading, following the news that the company has been put on notice by the Nasdaq. The PVR technology provider has received notification that its stock has closed below the minimum $1 per share requirement for continued listing on the Nasdaq National Market.
Copyright 2002 P.G. Publishing Co. Pittsburgh Post-Gazette…08/28/2002 From LexisNexis Adelphia Communications Corp. has asked a federal bankruptcy court to stop its founder from selling property that the cable television systems owner said is at least partly owned by the company. Adelphia said John J.
Gemstar-TV Guide International Inc.'s failure to file its second quarter results on time may lead to a Nasdaq delisting. The TV programming guide provider has received a Nasdaq Staff Determination that since it has not filed its Form 10-Q reflecting its second quarter results, its shares are subject to removal from the Nasdaq National Stock Market.