Make that OTCBB: GBLXQ. On the heels of its Chapter 11 bankruptcy filing and amid reports of warnings last year on its accounting practices, Global Crossing started trading today on the OTC Bulletin Board. Formerly NYSE: GX, Global Crossing announced its new ticker and exchange late yesterday. On Monday, the company filed for Chapter 11 bankruptcy in the United States and Bermuda, and announced...
SONICblue Inc. is expanding its ReplayTV strategy by launching a new digital video recorder into the retail market during the second half of the year. The new product will use features from ReplayTV 4000, although a price wasn't available. … AM Communications Inc. will move its headquarters, effective tomorrow, to 1900 AM Drive, Quakertown, Pa.
Liberty Media Corp. received a formal statement of objections from Germany's Cartel Authority about Liberty's proposed $4.76 billion acquisition of six regional cable TV companies from Deutsche Telekom AG. The cartel could reject the merger if Liberty doesn't resolve the objections. The cartel reportedly questions Liberty's ability to own both the network and last-mile access.
Eagle Broadband's ClearWorks Communications unit landed a $40 million contract to provide fiber-to-the-home technology and bundled digital services to Stone Gate Canyon Lakes, a 352-acre master-planned community near Houston. Eagle says revenues should reach $40 million over 25 years. … Substantial Internet VOD won't roll out in the United States until 2005, a GartnerG2 study says.
BroadJump Inc. says SBC Communications Inc. will supplement its DSL service with the newly debuted Broadband Resolution Suite that BroadJump launched with Support.com Inc. SBC is the product's third customer, a spokeswoman says. In early December, BroadJump and Support.com teamed on a joint product and marketing deal, under which the two are producing the Broadband Resolution Suite, combining B...
That cynical Gartner Group is back, this time dissing AOL Time Warner's motives in suing Microsoft. A Gartner report released yesterday argues the real motive for the lawsuit is control of users' online presence information. On Jan. 22, AOLTW's Netscape Communications unit filed a lawsuit against the Redmond, Wash.
They know who they are. Some chapters clearly didn't devote much effort to the Society of Cable Telecommunications Engineers' membership drive. Despite cash prizes and passes to SCTE's upcoming show, nearly half the chapters totted up totals of zero. Enter the New England chapter, based in North Reading, Mass.
• DSL subscribers were up a solid 74 percent, but Qwest Communications International saw both Q4 and full year losses. The Baby Bell reports $516 million, or 31 cents a share, in losses for the quarter, compared with a $116 million, or 7 cents a share, loss a year ago. In 2001, Qwest recorded a $4 billion loss, or $2.
Universal Electronics Inc. inked a deal to supply its Navigator and Millennium 4 wireless remote controls to Comcast Cable for its digital set-top boxes. Financial terms were not disclosed. … Concurrent Computer Corp. promoted Robert Chism to CTO of its XSTREME unit. The promotion expands Chism's roll as VP of engineering and development, the company says.
Right on schedule, the Resilient Packet Ring Alliance completed a single baseline draft for the RPR standard IEEE 802.17, it says. The organization had set January 2002 for a draft completion. The group met last week in Orlando and narrowed their work down to a single baseline document for the RPR standard, says spokeswoman Jennifer Guinan.
Global Crossing filed for Chapter 11 bankruptcy in the United States and Bermuda, and announced a potential $750 million cash infusion from two investors. The bankruptcy, filed in the U.S. Bankruptcy court for the Southern District of New York and in the Supreme Court of Bermuda, starts a restructuring process helped along by investments from Hutchison Whampoa Ltd.
As jury awards go, a company probably won't go broke on it. But ARRIS International Inc. says it will appeal a jury decision on a patent infringement lawsuit that awarded $1.35 million to PPC. The lawsuit covers "ornamental features of a connector," specifically its Digicon S6 and S59 series connectors, ARRIS says, adding that it "strongly believes the jury findings are wrong and will seek to o...
Motorola's Broadband Communications Sector will supply its BSR 64000 router to Seren Innovations ' St. Cloud, Minn., and San Francisco service areas. Seren, a subsidiary of Xcel Energy Inc., says deploying Motorola's CMTS/router platform will allow it to expand its services. … Alaskan ISP GCI launched Internet access via cable modem in Kenai and Soldotna.
Homeowners are hot in WINfirst's Land Park project area near Sacramento, Calif. Claiming they'd just been notified last week about the overbuilder's fiber-to-the-home project in their neighborhood, residents last night turned out in force at a town meeting to confront WINfirst. WINfirst has a three-year construction schedule in the Sacramento area and in October announced it had launched FTTH i...
So Microsoft did invest in a cable company eyeing an AT&T acquisition. An October filing shows Microsoft's Bill Gates bought 13.5 million shares in Cox Communications. According to a Cox U.S. Securities and Exchange Commission filing, Gates picked up the stock from privately held Cox Enterprises.