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Broadband Direct

Daily news and top headlines for broadband communications engineering and design professionals

Qwest rebuts Morgan Stanley report

June 20, 2001 8:00 pm | by Anne Kerven | Comments

Smarting from a Morgan Stanley analyst report that reduced its stock from "outperform" to "neutral," Qwest Communications International issued a strongly worded rebuttal. The MS report questioned Qwest's accounting decisions and suggested those could end up causing slower growth than what the company had predicted.

3Com may sell HQ and other sites

June 19, 2001 8:00 pm | by Anne Kerven | Comments

3Com reportedly is selling part of its headquarters campus in Santa Clara, Calif., and intends to put several other facilities on the market. The computer network equipment maker will sell its facility in Marlborough, Mass., and lease space after, CNet says. Also on the market are its Mount Prospect, Ill.

Covad shows $198.5 M net loss in Q1

June 19, 2001 8:00 pm | by Anne Kerven | Comments

Covad showed a $198.5 million, or $1.15 per share, net loss in its first-quarter results, ended March 31, it reports today. Losses for the same quarter last year reached $136.3 million, or 93 cents a share. The company has been running late with its filings, due to internal changes and what the company last month called weaknesses in its internal controls last year.

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Teradyne lowers guidance after landing top company award

June 19, 2001 8:00 pm | by Anne Kerven | Comments

Less than a month after it placed No. 1 on a list of Massachusetts' best-performing public companies, Teradyne lowered its second-quarter guidance and laid off 180 people, for a total 12 percent cut in its workforce. The test-equipment maker's $3 billion in revenues last year earned it first place on The Boston Globe's list of the state's top public companies, which was based on 2000 revenues.

Level 3 cuts 1,400 jobs; lowers 2001 projections

June 18, 2001 8:00 pm | by Anne Kerven | Comments

Level 3 Communications lowered its projected revenue from communications and announced it will lay off 1,400 workers. The company also switched its market focus from small to large, established companies. The company estimates about 20 percent of its recurring revenue base is at risk and will be through the rest of the year.

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Project Broadband tackles 'misguided' policies

June 18, 2001 8:00 pm | by Anne Kerven | Comments

The Progress and Freedom Foundation has a message for broadband policy makers: Get the lead out. "Misguided" policies are holding up deployment, and in turn, inhibiting IT industry developments, the Foundation says. Its Project Broadband will cover the issue by bringing together "leaders from the IT sector, including top telecommunications and computer industry executives and policy leaders," w...

360Networks misses interest payments; aborts NetRail deal

June 17, 2001 8:00 pm | by Anne Kerven | Comments

360networks won't make that $10.9 million interest payment due today and could be in default if it doesn't come up with the funds in 30 days. The company also won't acquire NetRail as planned. Also, Impsat Fiber Networks Inc. in Buenos Aires announced today it terminated certain contracts with some of 360networks' subsidiaries.

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Studies: streaming ads to reach $3.1B; cable ups ad spending

June 17, 2001 8:00 pm | by Anne Kerven | Comments

Spending on all streaming-media-enabled advertising will grow to $3.1 billion by 2005, up from $44 million in 2000, according to the Yankee Group. The growth will be fueled by higher fees from on-demand marketing and increased residential use. BtoBtoC Streaming Media: Helping Companies Streamline Consumer Communications says streaming advertising includes online product information and infomerc...

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Gartner steps up on telecom policy

June 17, 2001 8:00 pm | by Anne Kerven | Comments

Now it's official. Gartner Dataquest says the bills in front of Congress this month could restructure the telecom industry, will generate intense debate and said in a statement that "additional regulation is not the answer." Both the Internet Freedom and Broadband Deployment Act of 2001, now with the Rules Committee after last week's trouncing from the Judiciary, and new legislation in the Sena...

Motorola doubles power for cable TV apps

June 17, 2001 8:00 pm | by Anne Kerven | Comments

Motorola Inc. launched its high-output power doubler, a gallium arsenide-based cable TV amplifier for 870 MHz applications. The MHW9187 was designed with the company's high voltage pseudomorphic high electron mobility transistor (HVPHEMT2) process, it says. The MHW9187 delivers an operating bandwidth from 40 MHz to 870 MHz, and is specified for 79-, 112- and 132-channel performance, Motorola sa...

Liberty/IDT in VoIP deal; Net2Phone supplies license

June 14, 2001 8:00 pm | by Anne Kerven | Comments

Liberty Media is dipping into the cable telephony market with two related deals. It will form a joint venture with IDT Corp. to provide telephony services to its international cable affiliates, it reports. Under the agreement, both will have equal equity stakes in the venture, and IDT will control day-to-day operations and appoint most of the directors.

Nortel cuts 10,000 more jobs; issues warning

June 14, 2001 8:00 pm | by Anne Kerven | Comments

Nortel Networks' dismal second-quarter update says it will lay off another 10,000 workers by the end of September, suspend dividend distribution after June 29 payments and show a high-than-expected loss. The company says it also will discontinue certain access operations, including its narrowband and broadband access solutions, over the next year.

WOW hand-files Ameritech forms in four cities

June 14, 2001 8:00 pm | by Anne Kerven | Comments

WideOpenWest says today that it completed the transfer application forms for 115 Ameritech New Media franchises. All forms were filed by hand delivery to each local franchise authority earlier this week, WOW says. The filings come as part of WOW's May 23 agreement to purchase Ameritech's cable systems in the Cleveland, Columbus, Detroit and Chicago metro areas.

CityNet wires Indianapolis via sewers

June 13, 2001 8:00 pm | by Anne Kerven | Comments

CityNet Telecommunications Inc. launched a last-mile fiber optic network through Indianapolis' existing sewers. The company is using its Sewer Access Module robot to hook the system up. Under the agreement, CityNet will install the in-sewer system, monitor the sewers' condition after installation and pay the city 2.

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OpenTV to acquire Static for $59 M

June 13, 2001 8:00 pm | by Anne Kerven | Comments

OpenTV agreed to acquire Static, a privately held ITV media and entertainment company in London, for about $59 million. Under the stock-and-cash agreement, OpenTV will get all of Static's stock, although about 14 percent of the gross deal value, in ordinary shares, will be held back for certain earn-out provisions, OpenTV reports.

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