Copyright 2002 Gannett Company, Inc. USA TODAY…10/29/2002 From LexisNexis Local phone company Qwest Communications International Inc., attempting to cleanse its image and its books, said Monday that it will take a write-down of $40.8 billion and defer $531 million in revenue it booked prematurely in 2000 and 2001.
Copyright 2002 Newsday, Inc. Newsday (New York, NY)…10/29/2002 From LexisNexis A plan for EchoStar Communications Corp. to help Cablevision Systems become a satellite TV provider is unlikely to win over government regulators, according to antitrust lawyers and Wall Street analysts. In what top executives of EchoStar and DirecTV parent Hughes Electronics see as a last effort to salvage the...
Charter Communications is moving full speed ahead with its video-on-demand launch. The MSO is rolling out the service in nine new markets with the help of VOD equipment vendors nCUBE Corp. and Concurrent Computer Corp. Charter is introducing VOD to its customers in Allendale, Mich.; Fond du Lac, Janesville and Madison, Wis.
Alcatel continues to push forward in the DSL equipment market as the telco gear maker announced that it has shipped 20 million digital subscriber lines. The lines, which encompass both asymmetric DSL and symmetric DSL, are supported by the company's 7300 Advanced Services Access Manager (ASAM) broadband access platform.
Comcast Corp. posted a more than 12 percent jump in third-quarter sales as the MSO signed up more high-speed Internet and digital cable customers. During the quarter, Comcast added 169,800 high-speed Internet customers and 205,000 digital cable boxes. At the close of the quarter, Comcast had 1.3 million high-speed Internet customers — a 68.
Time Warner Cable maintained its aggressive stance on video-on-demand by launching the service to digital customers in Indianapolis last week. Pace Micro Technology added that the MSO is "rapidly" deploying the vendor's 500-model digital boxes in the market to advanced analog customers who opt for the digital tier but aren't taking other set-top-enabled digital applications such as high-definit...
Wireless broadband network supplier DragonWave Inc. has inked a deal to link communications between three bridges that link New York and Ontario. Although financial terms were not disclosed, DragonWave will work with integrated network services provider Transwave Communications Systems Inc. to support voice and data communications between the three bridges the Niagara Falls Bridge Commission op...
Copyright 2002 Reed Elsevier Inc. Daily Variety…10/28/2002 From LexisNexis Comedy Central and BBC America have agreed to offer some of their programming for free in the VOD platform to cable subscribers hooked up to digital boxes. The two networks engineered the precedent-setting deal with inDemand — the dominant distributor of pay-per-view programming in the U.
Riverstone Networks Inc. and Tellabs Inc. have settled their legal spats that have been pending for more than a year. In Aug. 2001, Tellabs filed a $10 million suit charging Riverstone with breach of contract, fraud, misappropriation of trade secrets and deceptive trade practices. In response to the suit, Riverstone filed a breach of contract suit against Tellabs, after Tellabs ended their alli...
As the earnings parade continues to march on, results from JDS Uniphase Corp., Arris and Insight Communications Company offer a mixed bag. Despite posting a narrower first quarter loss, JDS Uniphase shares fell nearly 10 percent in midday trading as the network gear maker recorded its seventh consecutive quarterly dip in revenue.
Knology Broadband Inc. saw its first glimpse at the light at the end of its bankruptcy tunnel, as a bankruptcy judge approved the company's reorganization plan. The overbuilder filed for Chapter 11 bankruptcy protection from its creditors on Sept. 18 under a prepackaged plan. The reorganization calls for Knology to swap $444.
MPEG-4 software provider iVAST has let go 10 staffers in an attempt to better align its staff with market demand. "We didn't have a layoff," said Karen Willem, iVAST's senior vice president of finance and chief financial officer. "We did let go about 10 people, but plan to hire about 10 more in different areas," she said.
French telecom gear maker Alcatel has inked a multimillion deal to supply 180,000 DSL lines in China. Zhejiang Telecom has selected Alcatel's Chinese subsidiary Alcatel Shanghai Bell. In May, Zhejiang Telecom tapped Alcatel for 80,000 lines. Alcatel's lines will cover the cities of Hangzhou, Ningbo and Wenzhou.
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 The Record The Record…10/25/2002 From LexisNexis Velocitus Broadband, a data communications provider and subsidiary of an Idaho utility, now offers business and institutional users in Stockton, Calif. the choice of fixed wireless and traditional wired connections.
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 Belleville News-Democrat Belleville News-Democrat…10/25/2002 From LexisNexis Charter Communications ' third-quarter profits are more than 4 percent behind where they were predicted in August to be at this time, Bloomberg News reported Thursday.