In the just ended first quarter, Tellabs Inc. watched its profits continue to sink, and will be forced to cut another 1,200 jobs. First-quarter net income plummeted 96 percent from $122.5 million, or 29 cents a share, in Q1 2001 to $5.3 million, or 1 cent a share. The company's Q1 2002 sales were $371.
Discovery Communications Inc., aiming to put to rest criticism that a dearth of content is hindering consumer adoption of high-definition TV, said it will launch a new 24-hour, ad-supported HDTV channel this summer. The channel, Discovery HD Theater, will feature programming categories that have been tied to the company's networks for years, including nature, history, world cultures, science, e...
Copyright 2002 The Deal L.L.C. The Daily Deal…04/16/2002 From LexisNexis LONDON - Talks between stricken cable operator NTL Inc. and bondholders about a debt-for-equity swap have made rapid progress in recent days, and an agreement could be unveiled this week if creditor banks agree to the terms, sources said April 15.
Cisco Systems Inc. said CableLabs has accepted three of its products for the R&D organization's PacketCable Advanced Interoperability Test Network (AITN). Specifically, CableLabs will install Cisco's DOCSIS 1.1-qualified uBR7246VXR CMTS/router, AS5350 Media Gateway and CSRC/BPR Provisioning Server on its Louisville, Colo.
Static 2358, the interactive television gaming subsidiary of OpenTV, announced a new addition to its interactive games channel PlayJam-namely, advanced multi-player capability of the popular East End Arrows TV darts game. Starting this spring, viewers in Britain's 5.7 million digital satellite homes will be able to throw an interactive game of darts against a player down the hall, across the st...
Last year, Cox Communications Inc. was left scrambling to get its own network up and running when Excite@Home declared bankruptcy. What could have been its darkest moment looks like it has turned into its finest hour. The cabler has transitioned several hundred thousand customers and now has one million residential broadband customers.
Broadband agnostic ISP EarthLink Inc. said it has upgraded its business-class DSL service level agreement (SLA), adding elements such as installation and service availability guarantees and a longer equipment warranty. The centerpiece of EarthLink's new SLA is "Installation Interval," a guarantee that the DSL line will be professionally installed within 30 calendar days from the date of the order.
Texas Instruments Inc. is committed to the broadband voice-over packet market, and is snatching up Ditech Communications' Telinnovation echo-cancellation software unit to beef up its product offering. The acquisition will enable TI to provide customers with hardware and software carrier-class products that combine TI's voice-optimized digital signal processors (DSP) and Telogy Software products...
Broadband content start-up Aerocast Inc. said it will integrate Linux software from IP Metrics Software in an effort to boost streaming video performance and reliability. IP Metrics' Linux-based NIC Express software is designed to bust bottlenecks by extending fault tolerance elements deep into a broadband network.
The Society of Cable Telecommunications Engineers (SCTE) posted the official results of its 2002 board of directors election, which named two directors-at-large, one director-at-large-Canada and regional directors for seven geographic areas. The new board members will each serve two-year terms starting June 4, 2002.
After further testing following the end of certification wave 21, CableLabs has granted DOCSIS 1.1 qualification to ADC Telecommunications' Cuda 12000 IP Access Switch/cable modem termination system. The Cuda 12000 is also qualified for DOCSIS 1.0. The enhanced 1.1 spec calls for enhanced quality of service elements for tiered data services and packet-based applications such as IP telephony, an...
A new Panasonic-branded, OpenTV powered digital set-top box will be launched in Germany next week—an announcement aimed at giving a boost to interactive television services in that market. The new box, the TU-DSF41, was developed for the satellite-based F.U.N. (Free Universe Network), and uses both the OpenTV core middleware and the Device Mosaic HTML engine.
Even though more job cuts are in Corning Inc.'s future, the maker of optical fiber says it may have finally hit bottom, and is eyeing 2003 as the year it will return to profitability. For the first quarter ended March 31, 2002, Corning expects to post a net loss of 10 cents a share, which beats analysts' consensus estimates by 7 cents a share.
Maintaining its video-on-demand momentum, Time Warner Cable said it has launched the service in Portland, Maine, with the help of SeaChange International Inc. video servers and software. Financial terms were not disclosed. Time Warner Cable also employs SeaChange gear in Portland to offer VOD services to hotels.
Motorola Broadband Communications Sector has launched a "thin-client" version of its high-definition-capable DCT-5100 digital set-top. Designed for expansion, the DCT-5100 taps thin-client software with legacy interactive television applications as well as HDTV. An earlier roadmap for the DCT-5100 called for operating system options such as Microsoft Corp.