Cable operators picked up an extra 920,000 cable modem subscribers during the second quarter, or more than 70,000 a month, bringing the U.S. total to 5.5 million. And don't be dissing that number, pollsters say. It's not bad for four-year growth. The National Cable & Telecommunications Association surveyed its members and says the industry showed solid increases in deployment of broadband s...
Covad Communications Group Inc. signed a memorandum of understanding with lead plaintiffs in a securities class action lawsuit filed in a California federal court. The DSL provider says it will contribute to a settlement fund shares equal to 3.5 percent of its fully diluted common stock as of Aug. 10.
Narad Networks Inc. took on the DSL world with a new chip set that it says allows 1,000 times the capacity of DSL over existing HFC infrastructures, it announced today. The Ultra Broadband Modem chip set enables full-duplex gigabit Ethernet transmission on the coaxial part of the HFC plant by using spectrum in the plant between 860 MHz and 2 GHz.
Scientific-Atlanta's WebStar DPX110 cable modem landed ExciteAtHome's AtHome Level 2 approval, confirming the modem's integration, interoperability and provisioning in Excite's DOCSIS network environment, S-A says. The modem is CableLabs certified, as well, S-A says, and is compatible with DOCSIS, Euro-DOCSIS and CE standards.
That's pretty bad. No, that's really bad. Cable companies are "their own worst enemies," and landed the lowest ratings of any service provider ever rated — "even lower than those for technical support from computer manufacturers," Consumer Reports magazine says. The magazine conducted a survey of satellite, cable and digital cable customers, in part to determine satisfaction levels, and f...
Internet via cable modem jumped 57 percent in the second half of 2000, with a total 3.6 million connections, a Federal Communications Commission study says. Full-year growth reached 152 percent. By contrast, ADSL reached 2 million connections in the second half, a solid 108 percent growth for those six months.
Korea Thrunet Co. Ltd. says it intends to bid on Korea Electric Power Corp.'s 30 percent stake in Powercomm. KEPCO, which owns 89.5 percent of Powercomm, plans to sell the stake in a single block and transfer management control to the buyer. The buyer also will get an option to pick up an additional 5 percent in shares as part of the deal.
On the heels of Lucent Technologies' landmark convertible stock offering last week, Nortel Networks Corp. announced its intent to follow suit. The company says it expects to raise $1 billion through a private offering of convertible senior notes, all or substantially all of which will go to its operating subsidiary, Nortel Networks Ltd.
It's always nice when your sincere $32 billion offer is taken seriously. EchoStar Communications Corp. issued an announcement, stating it was "pleased" at General Motors' public interest in the satellite company's unsolicited pitch for Hughes Electronics Corp. GM's CFO John Devine has told reporters the company is treating EchoStar's offer as a serious bid.
EchoStar Chair and CEO Charles Ergen did the math for analysts in a conference call regarding his company's unsolicited bid for Hughes Electronics. Aside from financials, Ergen said a combined company would be slightly larger than AT&T, although AT&T Broadband's potential consolidation "by the time we would consummate this deal," would land EchoStar-Hughes a distant No.
CableRep Advertising and SeaChange International Inc. demonstrated digital cable ad insertion in Cox Communications' headends in Chandler, Ariz. Cox, parent of CableRep, reports that multiple insertions originating from a SeaChange spot ad insertion system, each comprising two, 30-second ads, were done in local breaks for 10 networks, including ESPNEWS, CNNSI and Discovery Wings.
Competition is fine, but all those broadband products out there are confusing the end user, a study says. Customers in well-wired cities may be overwhelmed by comparing satellite, cable and other broadband services. "An apples-to-apples comparison of multichannel entertainment and related products, such as Internet access, is challenging at best and often nearly impossible for the consumer," sa...
Cisco Systems Inc.'s fourth-quarter net income dropped to $7 million, or zero cents per share, from $796 million, or 11 cents a share, a year ago. It also reported a $1.01 billion net loss, or 14 cents a share, for fiscal year 2001, compared with a net income of $2.67 billion, or 36 cents a share, in 2000.
Covad Communications Group Inc. will file a pre-negotiated Chapter 11 bankruptcy by mid-August, helped along by a potential elimination of its $1.4 billion debt. Its proposed debt restructuring plan already has been approved by bondholders representing a majority of the outstanding accreted value of the bonds, the company reports.
Cabletron spinoff Enterasys Networks (NYSE: ETS) closed at $13.75 a share on its first day of trading yesterday. Company Chair and CEO Henry Fiallo launched the stock by ringing the opening bell on the exchange. Cabletron had announced in early July that it would finish its spinoff of its Riverstone subsidiary and launch Enterasys Networks as an independent public company on Aug.