Ciena Corp.'s shareholders may have approved its merger with ONI Systems Corp., but the news that accompanied it didn't give the Street much to smile about. The fiber-optic manufacturer has warned that the combined company's third-quarter sales will fall below Ciena's second-quarter results. Ciena said third-quarter revenue could be "down meaningfully" from the $87.
Thirdspace Living Ltd. has signed a deal to integrate NDS Group plc's secure broadband architecture with its broadband TV applications, video server software and client technology. The agreement is designed to deliver a single system for a broadband IP network using Thirdspace's open video server software and set-top box client software.
Children and teens have been reported as the fastest growing group of Internet users, but there is plenty of stuff on the 'Net that is not meant for eyes of babes. BroadJump has partnered with FamilyCLICK to provide service providers using BroadJump software with an automated Internet filtering system service option.
Copyright 2002 VNU Network News…06/19/2002 From LexisNexis The European Commission (EC) has left the door ajar for operators to renegotiate their expensively-acquired 3G licenses, but doing it will be tolerated only in exceptional circumstances. With some $106 billion (GBP 71bn) spent on acquiring the licenses, operators have been looking for signs that the license could be renegotiated.
Copyright 2002 The Deal L.L.C. The Daily Deal…06/19/2002 From LexisNexis Bankrupt XO Communications Inc. got Judge Arthur Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York to approve all its first-day motions Tuesday, June 18, in what was probably the broadband provider's quietest day in months.
Three chipmakers are pooling their brainpower to develop and market digital signal processor (DSP) technologies for consumer and communications products through a newly formed company, StarCore. The heavyweights behind the Texas-based company are Motorola Inc., Infineon Technologies Inc. and Agere Systems Inc.
In response to the FCC's call to grow the HDTV and digital television markets, Discovery Communications is stepping up to the plate with a new 24-hour, ad-supported HDTV channel. The channel, Discovery HD Theater, will feature programming categories that have been tied to the company's networks for years, including nature, history, world cultures, science, education and travel.
With Adelphia Communications Corp. missing a bond interest payment yesterday, the idea that the MSO will file for bankruptcy is gaining momentum. Yesterday, the company missed a $51.3 million interest payment on its 10-1/4 percent senior notes due Nov. 15, 2009. Earlier this month, Moody's Investors Service said Adelphia seeking protection from its creditors was "potentially imminent.
Less than a month after the music industry filed a lawsuit against a Napster-like clone, the case has been settled. Although specifics of the settlement remain confidential, peer-to-peer filing sharing service Audiogalaxy has agreed to pay the Recording Industry Association of America and the National Music Publishers Association a "substantial sum based on Audiogalaxy's assets.
Copyright 2002 The Deal L.L.C. The Daily Deal…06/18/2002 From LexisNexis Even without Joseph Nacchio as a lightning rod for allegations of misleading accounting and excessive capital spending, the many problems at Qwest Communications International Inc. make the company an unlikely takeover target, industry observers say.
Copyright 2002 The Deal L.L.C. The Daily Deal…06/18/2002 From LexisNexis LONDON - It looks like John Malone may have another battle in Britain. The acquisitive Colorado cable tycoon, who recently failed in his grab for a piece of Britain's largest cable operator, NTL Inc., has now been rebuffed by bondholders at smaller NTL rival Telewest Communications plc.
After financial struggles, downgraded ratings and an SEC probe, Joseph Nacchio has resigned his post as Qwest Communications International Inc.'s head honcho. Although Qwest deems Nacchio's resignation as voluntary, it is has been reported that the board of directors nudged him out. Nacchio has been in the hotseat for months now.
Not that it should come as a big surprise, but XO Communications Inc. has filed for bankruptcy under the protective blanket of Chapter 11. Along with the filing, the broadband service provider has submitted a two-pronged reorganization plan. The bankruptcy filing, submitted in the U.S. Bankruptcy Court for the Southern District of New York, is limited to parent company XO Communications, and wi...
Looking to accelerate the adoption of DOCSIS 2.0, Imedia Semiconductor Corp. and DAQTron Inc. are teaming to develop automated testing equipment systems for the latest CableLabs' spec. The test systems jointly developed by the silicon vendor and the broadband test systems company will enable DOCSIS 2.
Movie-goers may look forward to windfall of summer blockbusters, but corporate IT directors may only view them as bandwidth drains. Streaming media Web sites, which include online movie trailers, are on the rise, up 412 percent in the last 12 months, according to new research from Websense Inc., an employee management solution provider.