Fledgling video server company Midstream Technologies said it raised $26 million in a third round of funding led by Canaan Venture Partners, a venture capital firm and a new investor in the Bellevue, Wash.-based startup. With the latest round Midstream has raised a total of $48 million - enough for a fully-funded business plan, according to company President and CEO Ed Huguez.
Copyright 2002 / Los Angeles Times Los Angeles Times…08/19/2002 From LexisNexis High-speed Internet connections may be getting cheaper, but only if you'll settle for a slower version of fast. Hoping to attract Internet users who won't pay the $50 or so a month for a typical broadband connection, some providers are moving away from a one-speed-fits-all approach and introducing a slower, lo...
Arris said it has launched the Touchstone Cable Modem 300, a device based on DOCSIS 1.1 specifications. Arris said it submitted that model to CableLabs for 1.1 testing during certification wave 23. That wave is scheduled to end on Sept. 20, with results made public on or around Sept. 26. The rollout marks the first cable modem to be marketed under the Touchstone brand, Arris said.
Who wants to get rid of those pesky pop-up ads? EarthLink Inc. is banking the answer will be a resounding "Me!" The company has become the first ISP to roll out software that will block unwanted pop-up ads from popping onto subscribers' desktops. The new Pop-Up Blocker software is designed to provide users with a "more enjoyable, less intrusive Internet experience," said Rob Kaiser, vice presid...
Copyright 2002 The Deal L.L.C. The Daily Deal…08/16/2002 From LexisNexis How far have valuations of optical component companies fallen in two years? After turning down an offer of $100 billion in stock from Corning Inc. in 2000 for its optical components business, Nortel Networks Inc. today seems unable to offload the unit for as much as $50 million.
Less than a year after snatching up the broadband wireless assets from bankrupt Metricom Inc. for fire sale prices, Ricochet Networks Inc. has re-launched the service in Denver. RNI, which is owned by parent company Aerie Networks, purchased the assets in Nov. 2001 for $8.25 million with the intention of reviving the service.
Roughly 400 Scientific-Atlanta Inc. employees will receive their walking papers, as the set-top box maker looks to trim costs. The 6 percent reduction in its work force will translate to an annual $40 million savings, beginning in the second half of fiscal 2003, S-A said. The company will take a one-time charge of $15 million, or 6 cents a share, in the first half of the year, with the lion's s...
Charter Communications Inc. has joined the growing list of companies in the telecom sector to raise the eyebrows of federal authorities since Enron Corp. collapsed and Adelphia Communications Corp. filed for bankruptcy. The MSO has received a grand jury subpoena from the U.S. District Attorney's Office for the Eastern District of Missouri requesting documents related to its customers and accoun...
The majority of surfers in Hong Kong are hanging ten on the Web via a high-speed connection, one analysis says. Hong Kong is leading the race, with 66 percent of households connecting to the Internet via a high-speed phone line or cable modem, according to the Nielsen/NetRatings Second Quarter 2002 Global Internet Trends report.
Despite the lagging economy, AM Communications Inc. and ARESCOM managed to post positive revenue results. For the first quarter 2003, AM reported a 142 percent year-over-year jump in revenue, up from $4 million in Q1 2002 to $9.7 million. During the quarter, the company recorded a net loss of $172,000 million, and took a $325,000 charged related to Adelphia Communications Corp.
Copyright 2002 M2 Communications Ltd. TELECOMWORLDWIRE…08/16/2002 From LexisNexis A new web site has been launched by wireless technology company QUALCOMM Inc. that is aimed at showcasing 3G wireless technologies. The 3G Today web site focuses on code division multiple access (CDMA) wireless technologies.
For months now, High Speed Access Corp. has been seen by many as a shell of a company. Yesterday, the once "turn-key" provider of cable ISP services decided to liquidate and dissolve. The company's board of directors unanimously approved the liquidation plan, HSA said. The plan soon will be submitted to HSA shareholders for approval.
Cox Communications Inc. has peeled back the barriers and opened its digital channels to local advertisers in Orange County, Calif. Cox can insert local advertising into as many as six digital channels using the ANSI/SCTE 35 2001 cueing standard for digital ad insertion developed by the Society of Cable Telecommunications Engineers.
Ready, set, interactive. WorldGate Communications Inc. has introduced Go!TV Links to make every program across all channels instantly interactive. Go!TV Links content can encompass series descriptions, episode synopsis, cast lists, bios, viewer ratings, broadcast schedules and ratings. Users also can access program and network-related Web links and television trivia.
The Street was frowning on Terayon Communications Systems Inc. in mid-morning trading action, following news that the broadband networking gear provider plans to slash 25 percent of its work force. Citing the ongoing downturn in the telecom sector, Terayon said it plans to reduce its headcount by 165, or 25 percent.