Networking gear maker Sycamore Networks Inc. is looking to weather the economic telecom storm by cutting staff, consolidating facilities and dumping the development of its standalone transport systems. Sycamore expects to incur fourth-quarter charges of as much as $55 million for its restructuring efforts.
CableLabs said it handed out passing grades to eight cable modems and nine cable modem termination systems for the complex DOCSIS 1.1 specification following certification wave 22. With those additional stamps of approval, CableLabs has certified a total of 32 modems for DOCSIS 1.1, a specification that adds quality of service and other elements that underlie cable's forthcoming PacketCable pla...
SureWest Communications is making a move to become the dominant communications provider in the Sacramento area. The company will plunk down $12 million for the assets of bankrupt overbuilder WINfirst. SureWest has facilities near the WINfirst network in Northern California. It operates multiple telecommunications businesses, the largest being subsidiary Roseville Telephone Company, California's...
DSL carrier Covad Communications is looking to lasso a few dial-up customers who are on the fence about switching to broadband, with a reduced price service offering. The service, dubbed TeleSurfer Link, is being offered nationwide to new customers at an introductory price of $21.95 a month — after four months of service, the price will be pumped up to $39.
Copyright 2002 VNU Network News…06/19/2002 From LexisNexis The European Commission (EC) has left the door ajar for operators to renegotiate their expensively-acquired 3G licenses, but doing it will be tolerated only in exceptional circumstances. With some $106 billion (GBP 71bn) spent on acquiring the licenses, operators have been looking for signs that the license could be renegotiated.
Ciena Corp.'s shareholders may have approved its merger with ONI Systems Corp., but the news that accompanied it didn't give the Street much to smile about. The fiber-optic manufacturer has warned that the combined company's third-quarter sales will fall below Ciena's second-quarter results. Ciena said third-quarter revenue could be "down meaningfully" from the $87.
Liberate Technologies and Samsung Electronics Co., Ltd. have joined forces to deliver interactive television programming over DSL networks via a new digital set-top box. The SMT-F240, which is based on Liberate's TV Navigator 4.0 software, supports MPEG over IP-based delivery of interactive video programs.
Thirdspace Living Ltd. has signed a deal to integrate NDS Group plc's secure broadband architecture with its broadband TV applications, video server software and client technology. The agreement is designed to deliver a single system for a broadband IP network using Thirdspace's open video server software and set-top box client software.
MSOs are always on the lookout for ways to make subscriber provisioning faster and easier. Comcast Cable Communications Inc. has teamed with Sigma Systems to do just that. The third-largest MSO in the United States is deploying various components of Sigma's Service Management Portfolio to deploy reliable, scalable and modular service management solutions, said Comcast's Senior Vice President Ra...
Children and teens have been reported as the fastest growing group of Internet users, but there is plenty of stuff on the 'Net that is not meant for eyes of babes. BroadJump has partnered with FamilyCLICK to provide service providers using BroadJump software with an automated Internet filtering system service option.
Copyright 2002 The Deal L.L.C. The Daily Deal…06/19/2002 From LexisNexis Bankrupt XO Communications Inc. got Judge Arthur Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York to approve all its first-day motions Tuesday, June 18, in what was probably the broadband provider's quietest day in months.
In response to the FCC's call to grow the HDTV and digital television markets, Discovery Communications is stepping up to the plate with a new 24-hour, ad-supported HDTV channel. 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, education and travel.
With Adelphia Communications Corp. missing a bond interest payment yesterday, the idea that the MSO will file for bankruptcy is gaining momentum. Yesterday, the company missed a $51.3 million interest payment on its 10-1/4 percent senior notes due Nov. 15, 2009. Earlier this month, Moody's Investors Service said Adelphia seeking protection from its creditors was "potentially imminent.
Less than a month after the music industry filed a lawsuit against a Napster-like clone, the case has been settled. Although specifics of the settlement remain confidential, peer-to-peer filing sharing service Audiogalaxy has agreed to pay the Recording Industry Association of America and the National Music Publishers Association a "substantial sum based on Audiogalaxy's assets.
Copyright 2002 The Deal L.L.C. The Daily Deal…06/18/2002 From LexisNexis Even without Joseph Nacchio as a lightning rod for allegations of misleading accounting and excessive capital spending, the many problems at Qwest Communications International Inc. make the company an unlikely takeover target, industry observers say.