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Broadband Direct

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

Bankruptcy descends on Birch

July 29, 2002 8:00 pm | by Susan Rush | Comments

After weighing all its options, Birch Telecom has opted to seek creditor protection under the shroud of a Chapter 11 bankruptcy filing, while it works to trim its debt to $100 million. The CLEC had first raised the possibility of a bankruptcy filing back in December. At that time, the company said it was "actively engaged in discussions with its senior lenders regarding a possible restructuring...

Riverstone charged with securities fraud

July 29, 2002 8:00 pm | by Susan Rush | Comments

Less than a week after a class action lawsuit was filed against metro networker Riverstone Networks Inc., the company is being sued again. The class action lawsuit claims the company and certain senior officers deceived investors by falsely representing Riverstone's financial condition and prospects in public statements.

Nasdaq delists WorldCom

July 29, 2002 8:00 pm | by Susan Rush | Comments

The hits just keep on coming at WorldCom Inc. The latest: the company's securities have been delisted from the Nasdaq. The Nasdaq Listing Qualification Panel has decided that in light of WorldCom's recently bankruptcy filing and the pending restatement of financial results for 2001 and the first quarter 2002 the company's securities would be delisted today.

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Deutsche Telekom negotiating sale of cable units

July 29, 2002 8:00 pm | by Brian Cattell | Comments

Copyright 2002 The Deal L.L.C. The Daily Deal…07/30/2002 From LexisNexis Germany's Deutsche Telekom AG said Monday it is in talks with five international groups interested in buying its six remaining regional cable operators. The Bonn-based company said it selected the five from nine nonbinding offers that were submitted last week.

Intertainer enters Elmo's world

July 29, 2002 8:00 pm | by Susan Rush | Comments

"Won't you tell me how to get, how to get to Sesame Street?" Now parents can plop their kids down in front of the television any time of day, and find something educational for them to watch. Big Bird, Elmo and the rest of the gang are skipping into the digital age through a video-on-demand deal with Intertainer.

Covad, Sprint make DSL pact

July 28, 2002 8:00 pm | by Susan Rush | Comments

After abandoning Sprint ION, Sprint is looking to double its potential market coverage for business-class DSL, and is turning to Covad Communications to make it happen. The duo has inked a third-party wholesale agreement in which Sprint will purchase wholesale DSL services from Covad for sale to its business-class customers in select markets.

Accounting issues pummel Qwest

July 28, 2002 8:00 pm | by Susan Rush | Comments

Shares of Qwest Communications International Inc. were taking a beating today, following news that the company plans to restate earnings for 1999, 2000 and 2001. Qwest said it improperly accounted for about $1.1 billion in optical capacity sales from 1999 through 2001. The company is in the midst of examining its accounting practices and procedures and may have to restate all optical capacity s...

EchoStar gets another decision in battle with Gemstar

July 28, 2002 8:00 pm | by Susan Rush | Comments

Marking the third loss for Gemstar-TV Guide International in about a month, a U.S. District Court judge in North Carolina has ruled that EchoStar Communications Corp. did not infringe on any of the Gemstar patents involved in this particular case. Judge Lacy Thornburg dismissed the case and awarded court costs to EchoStar.

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Williams snags Leucadia investment

July 28, 2002 8:00 pm | by Susan Rush | Comments

Williams Communications Group Inc. inched closed to emerging from Chapter 11 with a multi-million dollar investment from Leucadia National Corp. The deal calls for Leucadia to make a $150 million investment to help Williams repay mounting bank debt. Leucadia also will fork over $180 million for Williams' former parent Williams Companies' rights in Williams Communications Group.

Congressman takes on online piracy

July 28, 2002 8:00 pm | by Susan Rush | Comments

Although members of technology companies, consumer electronics manufacturers and motion-picture studios have put their heads together to develop a new standard to prevent digital television broadcasts from being spread over the Internet, the results the entertainment industry wants may come from Congress.

Prodan jumps to Broadcom

July 28, 2002 8:00 pm | by Jeff Baumgartner | Comments

Richard Prodan has left Terayon Communications to join Broadcom Corp. as the chipmaker's new vice president and chief scientist, broadband communications. The move could become significant for Broadcom in its development of technology based on DOCSIS 2.0, a new CableLabs specification designed to mitigate noise and dilate cable's high-speed return path.

N2 Broadband inks SVOD deal

July 28, 2002 8:00 pm | by Susan Rush | Comments

Liberty Media subsidiary Starz Encore Group has selected N2 Broadband Inc.'s MediaPath technology to deliver subscription video-on-demand services to US cable operators. The MediaPath content distribution system is designed to provide secure point-to-multipoint delivery of on-demand content to cable system headends.

Eagle declares Victory as its first all IP-based community

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

Eagle Broadband is marching full-speed ahead with its fiber-to-the-home initiative. Texas' Victory Lakes master-planned community will be the company's first all IP-based community. Eagle Broadband has completed its basic FTTH installation and is getting started on the delivery of Bundled Digital Services to the community, which sits 30 miles south of Houston.

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Riverstone hit with class action lawsuit

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

Metro networker Riverstone Networks is the subject of a class action lawsuit filed in a California court yesterday. The suit, filed in the U.S. District Court for the Northern District of California, alleges Riverstone issued a series of false and misleading statements concerning the company's financial condition and sales.

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.

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