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Daily news and top headlines for broadband communications engineering and design professionals
Cisco issues a warning for third quarter
April 16, 2001 8:00 pm | by Anne Kerven | CommentsIf market cap is any gauge, a mere year ago, Cisco Systems was a titan, blowing bigger stock market stalwarts out of the water. Its history was notable — in only a decade, it grew from a startup to a company whose routers are ubiquitous in the Internet. Until yesterday, that is, when the network equipment maker issued a warning on its third-quarter revenue and profit, citing continued glo...
Winstar: Will it pull out of default — or file?
April 16, 2001 8:00 pm | by Anne Kerven | CommentsDespite big-name investors, Winstar Communications Inc. defaulted on senior debt yesterday, even as it disputed Lucent Technologies' default talk about that $600 million Winstar borrowed — and as it pondered bankruptcy. In a statement, Winstar announced it did not make aggregate interest payments of roughly $75 million on its senior debt securities, due yesterday, although it has 30 days ...
Can DTM tech upstage ATM?
April 16, 2001 8:00 pm | by Anne Kerven | CommentsScoff now, but you'll remember next time your streaming video looks like it's being delivered over your old Atari. Net Insight just released what it calls an improvement on ATM and SONET technologies with its Dynamic synchronous Transfer Mode technology. The product "guarantees bandwidth and dynamically reallocates capacity on demand for live and nonlive media," the company reports.
Nortel stalls India plans; readies Q1 results
April 16, 2001 8:00 pm | by Anne Kerven | CommentsNo pressure, Nortel. As the world apparently awaits its Thursday, first-quarter results, observers are speculating the news won't be positive, given its two earnings warnings and the overall network equipment market. Nortel Networks also just announced it would hold off on $350 million in Internet projects in India, given the U.
Winstar: Will it pull out of default — or file?(2)
April 16, 2001 8:00 pm | by Anne Kerven | CommentsDespite big-name investors, Winstar Communications Inc. defaulted on senior debt yesterday, even as it disputed Lucent Technologies' default talk about that $600 million Winstar borrowed — and as it pondered bankruptcy. In a statement, Winstar announced it did not make aggregate interest payments of roughly $75 million on its senior debt securities, due yesterday, although it has 30 days ...
NTT moves workers, taps broadband market
April 15, 2001 8:00 pm | by Anne Kerven | CommentsNippon Telegraph & Telephone Corp. has big plans for a broadband content company, a fiber-optic Internet access service and reduced rates on certain services, the Tokyo company reported in its three-year business plan. NTT also plans "the reallocation of personnel from NTT East and NTT West to other companies in the Group," the plan says.
LSI/NewLogic tech to add Bluetooth
April 15, 2001 8:00 pm | by Anne Kerven | CommentsLSI Logic Corp. will use Boost Core and Boost software IP products from NewLogic Technologies AG, letting LSI add Bluetooth functionality to its standard products, LSI reports. The agreement also allows LSI to add the Boost Core to its CoreWare library. LSI's integrated solutions and system-on-a-chip let it offer designers of Bluetooth applications a solution designed to help take their product...
Newpoint picks up DOD deal from Artel
April 15, 2001 8:00 pm | by Anne Kerven | CommentsNewpoint Technologies Inc. landed a lucrative contract with Artel Inc. and Artel's part of $2.1 billion in work on the Defense Information System Network Satellite Transmission Services - Global. No word yet on Newpoint's portion of the deal. Newpoint will supply fixed and global satellite services for any government agency needing satellite bandwidth and satellite-based hardware, services and ...
Juniper results up; forecast down
April 12, 2001 8:00 pm | by Anne Kerven | CommentsJuniper Networks Inc.'s first-quarter results were right on target, but the company lowered its forecast for 2001. Chair and CEO Scott Kriens credited in part the company's focus on financial fundamentals, but affirmed the continued growth and execution of Juniper, regardless of "the challenges of today's economy," he said in a statement.
ADC merges broadband units; reorganizes
April 12, 2001 8:00 pm | by Anne Kerven | CommentsADC has merged its Broadband Connectivity, and Broadband Access and Transport groups into a single entity it calls Broadband Infrastructure and Access, or BIA. The move is part of a swath cut by incoming Chair and CEO Rick Roscitt who has reorganized the Minneapolis company by rearranging its operations.
Nortel gets China contract; won't bankroll clients
April 12, 2001 8:00 pm | by Anne Kerven | CommentsNortel Networks just picked up $8 million in contracts to provide broadband access and multiservice networks for North China Power Group and regional power companies in the Hubei, Jiangsu, Shandong, Sichuan and Heilongjiang provinces. The announcement comes as Nortel stated it won't extend credit to European telecoms to get contracts.
CEA to FCC: Don't outlaw analog TVs
April 12, 2001 8:00 pm | by Anne Kerven | CommentsThe Consumer Electronics Association jumped in during an FCC comment period, urging the FCC to focus on digital quality and old technology in talks on how to up public acceptance of digital TV. The FCC is reviewing the digital TV transition and whether analog or digital should be incorporated into TV sets, and at what level.
Liberate/Concurrent team on VOD
April 11, 2001 8:00 pm | by Anne Kerven | CommentsLiberate Technologies has combined its ITV software with Concurrent Computer Corp.'s VOD technology, the company reports. The agreement is part of Liberate's PopTV program, that lists Concurrent as a preferred infrastructure provider. The deal, completed this month, combines Liberate's TV Platform software and Concurrent's MediaHawk Broadband VOD system.
ISurf offers NCTC ITV Guide
April 11, 2001 8:00 pm | by Anne Kerven | CommentsISurfTV made a deal with National Cable Television Cooperative to develop and market a turnkey interactive program guide. The deal takes iSurfTV's SurfGuide technology to NCTC's 1,300-member group, representing more than 13 million cable subscribers, iSurfTV reports. ISurfTV will create a standardized IPG template that can be customized for each member MSO, letting the membership quickly deploy...
LSI Logic to shut down Colorado plant
April 11, 2001 8:00 pm | by Anne Kerven | CommentsConsider the third-shift workers at LSI Logic's Colorado Springs location. Because of full-disclosure rules at the SEC, the shift found out on the news their plant was closing — before they heard from the company at 6 a.m. today. Other shifts found out yesterday. LSI is shutting the plant down, effective in August, citing an adverse economic climate and a "widespread inventory correction,...
