Copyright 2002 Reed Elsevier Inc. Daily Variety…03/13/2002 From LexisNexis News Tuesday that AOL hit the 34 million subscriber mark was too little, and too late for Wall Street, which has grown steadily disillusioned with America Online and its corporate parent, AOL Time Warner. Rubbing salt in the wound, AOL rival EarthLink gained access to 14 million more cable homes through a carriage ...
Cable operators hooked up more than 2.3 million units of digital broadband services between Oct. 1 and Dec.31, 2001, of which 875,000 were high-speed cable modem customers, says a study of its members by the National Cable & Telecommunications Association. The NCTA's quarterly study says new cable modem subscriptions, at 875,000, were up from 750,000 for the previous quarter and up by 100,0...
Canal+ filed a lawsuit against NDS Group plc., alleging the News Corp. unit hacked its site and took its digital TV Smart Card code, which it then handed to a Web site used by counterfeiters. NDS called the claim "outrageous and baseless," and says it has not been served with the complaint. It claims it will file a counter-suit after a review.
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 The Patriot-News The Patriot-News…03/12/2002 From LexisNexis Dauphin County Judge Lawrence Clark had a surprise awaiting him when he purchased a popular and inexpensive Linksys cable modem to use with his Comcast Internet connection at home in Hershey, Pa.
Cox Business Services inked a three-year, $20 million contract to connect 142 locations of the new Orleans Public School Systems with voice, video and data via a Gigabit Ethernet WAN. The deal lets the district's 10,000 teachers use such applications as live video and software title downloads, Cox says.
Copyright 2002 St. Louis Post-Dispatch, Inc. St. Louis Post-Dispatch…03/09/2002 From LexisNexis Southwestern Bell Internet Services is asking a federal judge to block Charter Communications Inc. from making what Bell contends are misleading statements about high-speed Internet service. Bell and Charter compete for high-speed Internet customers.
Copyright 2002 New Mexican, Inc. The Santa Fe New Mexican…03/09/2002 From LexisNexis Santa Fe's new franchise with Comcast will allow the company to provide access to the Internet as well as to cable television. Richard Carlisle, the city's director of technology, said the telecommunications franchise with the city expired at the end of 2001, but Comcast has continued to operate under the...
Following a three-month perusal, IDT Corp. says its newly acquired Winstar Communications unit will dump its wireline resale business, exit certain fixed-wireless markets and cut 65 percent of Winstar's non-sales workforce. IDT — which purchased Winstar for $42.5 million in cash and stock, through a bankruptcy court in December — will also consolidate certain facilities and overlapp...
In a surprise move, Core Networks Founder, President and CEO Jeff Campbell resigned March 4. The software company also laid off as many as 23 people. Core makes and markets installation software for cable Internet companies. "Jeff made a personal decision to leave the company," says spokeswoman Natalie Oldfield.
• TiVo narrowed its losses for its fourth quarter and fiscal year, and cut its cash burn rate for both periods. Revenue for the fourth quarter, ended Jan. 31, jumped 212 percent to $6.8 million, compared with $2.2 million for the same period a year ago. Losses for the quarter narrowed to $38.5 million, or 85 cents a share, compared with $81.
Copyright 2002 Toronto Star Newspapers, Ltd. Toronto Star…03/08/2002 From LexisNexis The chief engineer at Rogers Cable Inc. says 1 percent of the company's high-speed Internet customers are responsible for 30 percent of the traffic on its network, a situation that has prompted a recent crackdown on abusers of the service.
Insight Communications saw its fourth-quarter customer count rise over its three key services, even as it weighed in with a $94.2 million loss on $704.4 million in revenue for the year. The country's ninth-largest cableco, Insight reported about 1.3 million basic cable customers at the end of its fourth quarter, up from the 919,300 it had a year ago.
Global Crossing CEO John Legere took a 30 percent pay cut as the company trimmed another 1,600 jobs and heads into Phase Three of its corporate revamp. The networking company, which filed for bankruptcy in January and has been the subject of separate federal investigations over its accounting practices, had announced the restructuring last year.
LOS ANGELES - Despite a slow economy and the travel fallout of 9/11, CTAM's annual Digital Conference enjoyed a small year-to-year rise in attendance here. Bucking the trend tied to smaller and occasionally meager trade show and conference turn-outs, CTAM drew 1,259 attendees, compared to 1,200 in 2001.
Copyright 2002 Associated Press AP Worldstream…03/08/2002 From LexisNexis U.S. media giant AOL Time Warner Inc. is considering the purchase of cable television networks in Britain, France and other European countries, but not in Germany, the U.S. media giant's chairman said in an interview published Friday.