Global Crossing will no longer be exclusive provider of services to SWIFT, a consortium of banks that operates a global financial-transfer system. In February 2001, Global and SWIFT struck a $300 million networking deal under which Global would co-develop and co-manage SWIFT's network operations. Under the new deal, announced today, Global will no longer manage the development and operation of ...
Fiber-to-the-home and business equipment vendor Wave7 Optics said it raised $23 million in a second round of funding led by Advanced Technology. New investors included Mellon Ventures and Armada Ventures. Founding investors Morgenthaler and Lucent Ventures partners also participated in the round.
Terayon's recent Imedia Semiconductor Corp. spinoff launched a line of custom-designed cable modem processors based on DOCSIS 2.0. First product in the line is the IM6030, a chip at the heart of Terayon's TJ 715 cable modem, the company says. The 2.0-based cable modem is DOCSIS 1.1 certified. The chip ties in with the company's new IM96030 reference design that includes production-ready hardwar...
Universal Broadband Communications purchased the assets of San Diego-based Monarch Communications, a telecom reseller with service in Colorado, Oregon, California and parts of Mexico. "I can't disclose the financial terms," says CEO Mark Ellis. Assets include the company's 1,200-customer base. Most of Monarch's traffic is in California, with "a lot of traffic to Mexico," Ellis says.
Copyright 2002 Reed Elsevier Inc. Daily Variety…04/01/2002 From LexisNexis The Federal Communications Commission has started the clock running on its review of Comcast's bid to buy up AT&T Broadband, the telco's gargantuan cable unit. Agency commenced its official 180-day review of the $75 million cable deal late Friday, just in time for the Easter holiday.
PCT International will soon manufacture its own line of taps following a licensing agreement with Scientific-Atlanta. Financial terms were not disclosed. PCT, a cable technology subsidiary of Andes Industries, will employ S-A's patented power-passing technology and the trademarked design of the tap, which is designed to be compatible with the back housings and faceplates manufactured by t...
Next month's National Show will place a heavy focus on cable and other telecommunications technologies. Cable 2002 will feature topics ranging from advanced optical and IP network architecture, traffic/bandwidth management, IP streaming protocols, security and residential gateways. The 43rd volume of NCTA's technical papers will be presented during eight technical sessions.
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 Providence Journal Providence Journal…03/29/2002 From LexisNexis It's not really a cable company after all. State cable regulators have concluded that Starlight Communications, a small Warwick company that provides cable television services to apartment complexes, does not fit the definition of a cable system established by...
Network Associates' flip-flopping offer for outstanding shares of MAfee.com Corp. is on again, it says. The company had postponed the offer earlier this week with the announcement it was under an investigation by the U.S. Securities and Exchange Commission. McAfee issued a statement after the offer's March 16 debut, calling the deal "financially inadequate.
Digeo Inc. emerged Friday morning as the suitor of Moxi Digital Inc., creating an entity that aims to change the face of set-top box software. Financial terms were not disclosed, but the combined company will assume the Digeo name. The merger, expected to close in the next four to six weeks, will tweak at least two key executive positions.
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 Omaha World-Herald Omaha World - Herald…03/28/2002 From LexisNexis Many rural communities have few options when it comes to phone, cable or Internet service. But Harlan has a communications smorgasbord. Right now, the town has three phone companies, three high-speed Internet providers and two cable TV companies.
• Once bitter opponents on broadband regulation, a deal between SBC Communications and Covad Communications let Covad emerge from bankruptcy before the end of last year and turn out a healthy net income for the year. The DSL provider's net income for the year reached $344.8 million, compared with a $1.
Time Warner Cable's Liberty unit will use Juniper Internet Communications Inc.'s broadband services for TWC's RoadRunner customers in Duchess, Orange, Sullivan and Ulster counties, N.Y. JINI, a Juniper Group subsidiary, will hire technicians in the Hudson Valley area. … Velocita Corp. struck an agreement with a consortium of banks to waive certain covenants in its credit agreement.
So what happened at Hybrid Networks, which today announced it would cut 80 percent of its workforce tomorrow and shut down by the end of April? In January, the fixed-wireless system maker said it would exceed its fourth-quarter revenue guidance by $2 million, for a total of $7 million in revenue for the period.
Cox Communications will take delivery of nearly 40 Cuda 12000 cable modem termination systems from ADC by the end of March, ADC says. The company says it will supply the CMTSs to Cox networks in Northern Virginia; Santa Barbara, Calif.; and much of Oklahoma and Kansas. ADC has provided Cudas to Cox systems in five other markets.