Advertisement
News
Subscribe to CED Magazine News
View Sample

FREE Email Newsletter

Broadband Direct

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

Sonera, bids farewell to 3G, at least for now

July 25, 2002 8:00 pm | by Susan Rush | Comments

It doesn't seem that long ago that European operators were shelling out billions for next-generation wireless licenses, in hopes of becoming the top dog in the 3G market. With the economy lagging, however, reality is starting to set in, leaving some companies to reevaluate their commitment to 3G. Finland's Sonera and Spain's Telefonica have decided to put their 3G network plans hold.

JDS cuts forecast

July 25, 2002 8:00 pm | by Susan Rush | Comments

As the demand for optical networking gear continues to wane, JDS Uniphase Corp. said it is trimming is its first-quarter outlook. The optical networking gear provider expects to post an 8 percent sequential decline in first-quarter sales. For the fourth quarter ended June 30, JDs posted revenue of $222 million, a 63 percent drop from the $601 million recorded in the same quarter a year ago.

Corning units on the block

July 25, 2002 8:00 pm | by Sarah Cohen | Comments

Copyright 2002 The Deal L.L.C. The Daily Deal…07/26/2002 From LexisNexis Corning Inc. has a number of auctions in the works to raise cash and help reach profitability by 2003, sources said Thursday. Optics analyst Jim Jungjohann at CIBC World Markets said Corning, the world's largest maker of optical fiber and cables, is selling Corning Gilbert, its connector business.

TOPICS:
Advertisement

Breen's exit hits Motorola

July 25, 2002 8:00 pm | by Susan Rush | Comments

Edward Breen is on the move, but is he going from the frying pan into the fire? Less than a year after taking over as chief operating officer at Motorola Inc., Breen is leaving the company to take up the CEO post at embattled Tyco International Ltd. Breen was heir-apparent to the Motorola throne when Christopher Galvin decided to step down as the company's chief executive, but he has decided to...

Time Warner Cable puts Denver pullout plans in motion

July 24, 2002 8:00 pm | by Jeff Baumgartner | Comments

Denver, once considered the cable capital of the world, will continue to lose its grip on that mantle later this year when Time Warner Cable relocates most of its corporate offices there to Charlotte, N.C. and Herndon, Va. Time Warner Cable spokesman Mark Harrad confirmed Monday that about 200 of the company's 300 employees based in the Denver area will be affected, with the majority of those j...

Verizon opts not to integrate Genuity

July 24, 2002 8:00 pm | by Susan Rush | Comments

After careful review, Verizon Communications Inc. has decided not to exercise its right to buy back a controlling stake in data network operator Genuity Inc. Verizon said it would not convert a 10 percent stake in Genuity into an 80 percent position, citing market conditions and Verizon's business needs.

Aurora Networks doubles its funding

July 24, 2002 8:00 pm | by Duffy Hayes | Comments

Venture capital may be difficult to come by for start-up vendors stuck in the R&D stage of development, but companies with relatively tested new product are finding capital a bit easier to come by. Aurora Networks, makers of advanced optical transport gear intended to leverage current HFC cable plant architectures, announced that it has finalized a round of Series B funding totaling almost ...

Adelphia files suit, Rigas family makes bail

July 24, 2002 8:00 pm | by Susan Rush | Comments

Bankrupt Adelphia Communications Corp. is not swaying from blaming the Rigas family for its woes, and has filed a civil lawsuit against the family and other former executives alleging they violated the Racketeer Influenced and Corrupt Organizations Act. The lawsuit, filed in bankruptcy court in Southern District of New York, alleges the "the Rigas Family Directors, together with other defendant...

Advertisement

Collette gets CEO slot at Ucentric

July 24, 2002 8:00 pm | by Jeff Baumgartner | Comments

Broadband software company Ucentric Systems said it has named interactive television veteran Michael Collette as its new CEO. Before joining Maynard, Mass.-based Ucentric, Collette most recently served as senior vice president of marketing and business development for middleware vendor OpenTV Corp. Before that, he was senior vice president of marketing at ICTV Inc.

Increase in cable rates far outpaces inflation

July 24, 2002 8:00 pm | by The Associated Press | Comments

Copyright 2002 St. Louis Post-Dispatch, Inc. St. Louis Post-Dispatch…07/25/2002 From LexisNexis Cable rates have shot up at a far higher rate than inflation despite the government's efforts to deregulate the telecommunications industry and foster competition, consumer and industry groups said Wednesday.

Liberate deals for OSS company

July 23, 2002 8:00 pm | by Susan Rush | Comments

iTV software company Liberate Technologies Inc. is spreading its wings, with the acquisition of Canadian-based OSS company Sigma Systems Group. Liberate will fork over $62 million in cash to enable it to deliver voice and high-speed data services on its traditionally video-based software. Liberate will use Sigma's $20 million cash to help finance the deal.

Rigases arrested, charged with fraud

July 23, 2002 8:00 pm | by Susan Rush | Comments

Troubles for the Adelphia Communications founding family are heating up again. The latest: John Rigas, two of his sons and two other executives have been arrested on charges of conspiring to commit securities fraud. In a lawsuit filed in federal court in Manhattan, the Securities and Exchange Commission alleges that the defendants — John Rigas, Michael Rigas, James Rigas, James Brown and ...

FCC takes up EchoStar-Hughes review once more

July 23, 2002 8:00 pm | by Susan Rush | Comments

After putting the brakes on its review of EchoStar Communications Corp.'s proposed merger with Hughes Electronics until further public comment could be ascertained, the Federal Communications Commission is ready to kick its review back into high gear. In March, the FCC halted its review and sought comment on the combined company's plan to launch a spot-beam satellite to enable the delivery of l...

Report: Level 3 bids for Williams

July 23, 2002 8:00 pm | by Susan Rush | Comments

After recently receiving a $500 million cash infusion, Level 3 Communications Inc. is feeling good. The company reportedly has put in a bid for bankrupt Williams Communications Inc. Level 3 CEO James Crowe offered $1.1 billion for Williams in a letter sent to Williams CEO Howard Janzen, according to the Wall Street Journal.

TOPICS:

The government surrenders some airwaves

July 23, 2002 8:00 pm | by Susan Rush | Comments

The wireless industry has scored a victory in its battle to get the government to relinquish some of the spectrum it controls to launch advanced wireless services in the United States. The wireless industry has been battling for months now over spectrum in the 1710 to 1855 MHz bands and 2520 to 2670 MHz bands, which for some time has been allocated to government and educational users.

Pages

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading