Falling victim to a slowdown in telecom spending, lost e-business and competitive pricing pressures, WorldCom Inc.'s year-over-year profit sank in the first quarter. Including results from its MCI Group, WorldCom earnings dipped from $594 million a year ago to $130 million. The company's data and Internet business, dubbed WorldCom Group, reported a net profit of $184 million, or 6 cents a share.
LSI Logic Corp. said it has inked a joint development deal with iVAST to create silicon capable of encoding, publishing and decoding content based on low-bit-rate MPEG-4 technology. Under the deal, LSI will incorporate iVAST's MPEG-4 software platform in its DoMiNo network media processors. Financial terms were not disclosed.
Riverstone Networks Inc. has unveiled a new tunneling technology designed to enhance legacy Asynchronous Transfer Mode (ATM) metro networks with Multi-Protocol Label Switching (MPLS) capabilities. More specifically, the tunneling platform is designed to enable service providers to map ATM permanent virtual circuits to Layer 2 MPLS tunnels via a virtual LAN mapping scheme.
Satellite broadband is quickly becoming more of an option for consumers and enterprise customers across the world, and potential customers across Europe can now access connectivity services from Hughes Network Systems. The company announced that its DIRECWAY satellite broadband services, which operate on a VSAT (very small aperture terminal) platform, would be available across the European cont...
Focal Communications Corp. is looking to deliver voice and data services over a single access line, and is turning to General Bandwidth to make it happen. The communications provider is deploying General Bandwidth's G6 Central Office Platform to deliver integrated voice and data (IVAD) services to its enterprise customers in several U.
Copyright 2002 Newsday, Inc. Newsday (New York, NY)…04/25/2002 From LexisNexis AOL Time Warner yesterday posted a $ 54.2-billion quarterly loss, a record for a U.S. company, reflecting the lowered valuation of its megamerger and a continued plunge in ad revenue at America Online. America Online, which was supposed to be the company's growth engine, saw ad and commerce revenue fall 31 perc...
Personal Video Recorder (PVR) technologies are certainly something consumers have shown an interest in having, but sluggish sales and general consumer malaise have plagued the market for time-shifted television viewing so far. Part of that slow growth can be attributed to an undefined strategy of exactly how to sell the box and provide the service.
Intertainer has launched Film Marketplace, a video-on-demand channel that aims to boost enthusiasm and revenue for independent filmmakers. Intertainer CEO Jonathan Taplin made the announcement today during his keynote address at the Streaming Media West show in Los Angeles. Intertainer said it will offer Film Marketplace via its intertainer.
According to a new report from researcher In-Stat/MDR, the market for Multi-Tenant Unit (MTU) broadband connectivity solutions that shows the most promise for growth is in the Asia Pacific region, based on a number of unique market factors. The study estimates the MTU marketplace in the region to grow more than $3.
RealNetworks Inc. is looking to raise the bar in the streaming media competition - upgrading its streaming video and audio technologies. RealVideo 9 and RealAudio Surround are designed to deliver broadcast-quality video to broadband users and subscription-quality video to narrowband users, RealNetworks says.
Broadwing first tackled the all-optical switched network, now the company is sniffing around a multiband OCS system from Corvis Corp. Broadwing will begin lab tests on the Corvis Optical Convergence Switch, a multiband networking technology. Broadwing is evaluating the new technology in an effort to meet the growing needs of its customers.
In Demand and ACTV have struck a multi-year deal to offer "NASCAR In Car on In Demand," a multi-channel, season-long package of in-car camera coverage for the NASCAR Winston Cup Series. Launching June 16, the service will leverage ACTV's digital video compression technology and In Demand's content relationship with NASCAR.
Business customers in select regions of BellSouth's North Carolina and Florida markets will have the option of data services with speeds of up to 1 Gbps, as BellSouth announced that it was deploying Gigabit Ethernet gear to its metro network. The faster service will be aimed at businesses, schools and government agencies requiring faster data services in metro areas in the region.
Microsoft Corp. officials confirmed Wednesday morning that the company has laid off 60 staffers from its interactive television division. According to the Wall Street Journal, Moshe Lichtman, who took the lead at Microsoft TV in January, sent an e-mail to employees on Monday to disclose the cuts as well as a strategy shift.
Carnegie Mellon University researchers and 3 Rivers Connect, a Pittsburgh-based non-profit, have launched a joint venture to create an "affordable" broadband network for the 12-county southwestern region of Pennsylvania. Dubbed "Digital Rivers," the project will investigate technical, economic and policy issues tied to improving access to broadband services.