Harmonic Inc. reported fourth quarter net sales of $39.3 million, up slightly from $37 million in the previous quarter, but down substantially from $56.7 million in the year-ago period. For full-year 2002, Harmonic reported net sales of $186.6 million, down from $203.8 million for 2001. Though year-over-year numbers declined, the sequential increase in revenue for the fourth quarter "reflects i...
IPG leader Gemstar-TV Guide announced that it will restate a few key financials as a result of an ongoing review of the company's accounting policies. Gemstar said today that about $101 million in previously reported revenue would either not be recognized or reclassified in a future re-filing of the company's financials.
Cox Communications has teamed with Linksys to offer a home network services package that bundles several elements such as the hardware, installation and ongoing customer service. The Cox home networking package includes the installation and configuration of a broadband router, a networking card for a second PC, the requisite cabling and installation and troubleshooting assistance.
Tivo president Morgan Guenther will resign from the digital video recording leader at the end of this month, the company said late Tuesday afternoon. Tivo did not provide a reason for his resignation. Tivo said it has already started a search for a senior executive "to oversee the business development areas that are managed by Guenther.
Fleshing out its technical and engineering acumen, Advance/Newhouse Communications has appointed Kashif Haq as vice president, broadband data services. In that role, Haq will oversee A/N's data strategy and architecture and serve as the prime contact with third-party ISPs and data services suppliers.
As digital devices find their way into consumers' living rooms, and the gear connecting all of it continues to proliferate, service providers like cable and telephone companies will be in a unique position to help their subscribers set up and manage their new home networks over the long haul. That's a conclusion reached by researcher InStat/MDR in a new study, "Connected Home Services: Service ...
Copyright 2003 Warren Publishing, Inc. Communications Daily...01/22/2003 FCC ordered that request by TV station licensee that EchoStar be required to carry DTV signal was "premature and therefore (we) dismiss it." Request for carriage was filed by Guenter Marksteiner on behalf of WHDT-DT (Ch. 59), Stuart, Fla.
Motorola Inc. said forth quarter sales rose 3 percent to $7.5 billion while net earnings hit $174 million, or 8 cents per share, compared to a net loss of $1.2 billion (55 cents per share) in the year-ago period. Motorola's Broadband Communications Sector (BCS), meanwhile, saw sales drop to $489 million, and orders decrease 33 percent to $353 million.
Broadband communications service provider XO Communications ended last week on a high note, announcing that it had completed its restructuring and emerged from Chapter 11. "We have emerged from our restructuring with a vastly improved capital structure which will better enable us to use our state-of-the-art national broadband network and financial resources to meet the needs of business custome...
NCTI has promoted Alan Babcock to chief learning officer, where he will oversee the company's education business unit and handle products and services beyond organization's legacy training business. Babcock will retain his previous title of vice president of learning and development and continue to work out of NCTI's corporate office in Littleton, Colo.
Ruling could chill music swapping Verizon told to reveal name of 'Net customer suspected of violationsJanuary 21, 2003 7:00 pm | by Hiawatha Bray | Comments
Copyright 2003 Globe Newspaper Company The Boston Globe...01/22/2003 In a decision that could chill the practice of Internet music swapping, a federal court in Washington ruled yesterday that the telecommunications firm Verizon Communications must reveal the identity of one of its Internet subscribers who is suspected of illegally exchanging copyrighted music files over the Internet.
EchoStar Communications Corp. is in talks to sell to News Corp. chief Rupert Murdoch or Dr. John Malone's Liberty Media Corp., the Wall Street Journal reported Tuesday. The paper reported that EchoStar Chairman Charlie Ergen has been in discussions with both parties, but that those talks have not reached a stage of formal negotiations.
Copyright 2003 Gannett Company, Inc. USA TODAY...01/20/2003 Lexis Nexis New York — Embattled cable company Adelphia Communications may have another fight on its hands as it tries to bring in high-profile new leaders. Tuesday, the No. 5 operator will ask the bankruptcy court to turn the company over to former AT&T Broadband CEO William Schleyer and chief operations officer Ron Cooper.
Syndeo Corp., maker of Class 5 softswitches, has named John Vaughan its CEO, and appointed cable vet David Van Valkenburg to its board of directors. Vaughan succeeds company co-founder Ted Griggs, who was named chairman of the board "and will continue his work with customers and partners, helping set technical and corporate strategy," Syndeo said.
Broadband gear maker Com21 Inc. said revenue for the fourth quarter will reach roughly $6 million, down 40 percent from previous guidance of $10 million. Com21 attributed the substantial revenue shortfall "due to a reduction in our DOCSIS modem shipments" and plummeting cable modem prices. "Due to a continued, rapid decline in modem prices, we made a strategic decision to focus on modem sales t...