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More deals and other cable doings
October 25, 2001 8:00 pm | by Anne Kerven | CommentsEarthLink Inc. appointed Dr. Robert M. "Bob" Metcalfe and Marce Fuller to its board. Metcalfe is a venture partner with Polaris Venture Partners and Fuller is CEO of Mirant. … ARRIS landed $12 million in orders for its DWDM products from United Pan-Europe Communications. The project, in the Netherlands, requires the construction of fully redundant DWDM systems of up to 160 km in length, s...
More 360networks units file for protection in Canada
October 25, 2001 8:00 pm | by Anne Kerven | CommentsFour more operating subsidiaries of 360networks filed in Canada for protection from creditors, the company says. The companies — 360atlantic inc. in Canada, 360atlantic inc. and 360atlantic sales inc. in the United states, and threesixty atlantic inc. in Barbados — filed for protection under the Companies' Creditors Arrangement Act in the Supreme Court of British Columbia.
CommScope seeks to revise Furukawa joint venture
October 25, 2001 8:00 pm | by Anne Kerven | CommentsCommScope is in talks to restructure its joint venture agreement with Furukawa Electric Co. Ltd. of Japan. The two had planned two joint ventures connected with Furukawa's and Corning Inc.'s $2.75 billion acquisition of Lucent Technologies' Optical Fiber Solutions unit. But CommScope's third quarter results compelled new talks.
Today's financial roundup
October 25, 2001 8:00 pm | by Anne Kerven | CommentsConcurrent Computer Corp. 's VOD revenue from its XSTREME unit reached $3.5 million in its Q1 2002, compared with $5.4 million a year ago. Real-Time Unit revenue was $10.6 million, compared with $10.9 million a year ago. Revenue overall for the quarter was $14.1 million — down from $16.3 million a year ago.
Cox sees positive Q3, issues guidance for 2001
October 24, 2001 8:00 pm | by Anne Kerven | CommentsCox Communications Inc. saw run rates rise in cable, Internet and telephony, and third-quarter revenue rose to $1.03 billion from $902 million a year ago. The company's digital cable-ready homes passed rose from 6.4 million Sept. 30, 2000, to 8.6 million at the end of its second quarter of 2001. That rose slightly to 9 million in third quarter.
EarthLink launches on TWC NE Ohio; weighs in on Q3
October 24, 2001 8:00 pm | by Anne Kerven | CommentsSame names, different place. EarthLink Inc. launched over Time Warner Cable's system in Northeast Ohio, covering about 386,000 homes in Cleveland, Akron, Canton and surrounding areas. The launch is the company's 11th on a TWC system since Sept. 17, when EarthLink debuted on TWC's 559,000-home system in Columbus, Ohio.
Financial wrapup
October 24, 2001 8:00 pm | by Anne Kerven | CommentsHarmonic Inc. reports a $68.8 million net loss, or $1.17 a share, on sales of $57.4 million in Q3. The results compare with an $89.7 million net loss, or $1.55 a share, on $68.2 million in revenue for the same period last year. … Terayon Communications Systems Inc. showed a net income of $13.1 million, or 19 cents a share, compared with a $26.
More deals and other doings …
October 24, 2001 8:00 pm | by Anne Kerven | CommentsCharter Communications Inc. promoted Stephen Silva to executive VP and CTO, "with continued responsibility for research and development of advanced technologies and new products and services," the company says. Silva was senior VP of corporate development and technology. … BarcoNet supplied NTL with three digital headends in Ireland, allowing NTL to provide more than 80 digital TV channel...
More deals and other doings …(2)
October 24, 2001 8:00 pm | by Anne Kerven | CommentsCharter Communications Inc. promoted Stephen Silva to executive VP and CTO, "with continued responsibility for research and development of advanced technologies and new products and services," the company says. Silva was senior VP of corporate development and technology. … BarcoNet supplied NTL with three digital headends in Ireland, allowing NTL to provide more than 80 digital TV channel...
Ad hoc shareholder group to fight AtHome bankruptcy
October 23, 2001 8:00 pm | by Anne Kerven | CommentsA group of disgruntled ExciteAtHome shareholders, including former employees, is fighting the company's bankruptcy starting with its proposed asset sale decision scheduled for Monday. The group, led by a seven-member executive committee, calculated the company's worth is closer to $3 billion than the $307 million AT&T is offering for its assets, and that the company could continue and becom...
ADC streamlines company structure, cuts 150 jobs
October 22, 2001 8:00 pm | by Anne Kerven | CommentsOn the heels of merging two units and selling two product lines to C-COR.net earlier this year, ADC announced a new worldwide organizational structure. The changes include up to 150 job cuts in management. The company says it will eliminate its COO spot after current COO Lynn Davis retires Nov. 1. Richard R.
AOLTW strikes two-way deal with Chinese cable cos
October 21, 2001 8:00 pm | by Anne Kerven | CommentsOn the heels of the Asia-Pacific Economic Cooperation forum in Shanghai, China, AOL Time Warner Inc. agreed today to distribute its CETV channel in the country's Southern Region. Guangdong Cable TV Networks Co. Ltd. will start carrying the 24-hour, Mandarin-language channel in January. The deal, signed at China's State Administration of Radio, Film and Television's headquarters in Beijing, also...
CableLabs tests host-controlled cable modems in cert wave 20
October 21, 2001 8:00 pm | by Jeff Baumgartner | CommentsHost-based cable modems designed to shave prices to about $50 per unit made their first official appearance at CableLabs when the R&D house kicked off certification wave 20 on Oct. 18. Intel Corp. and Coresma Inc. (formerly NetGame Ltd.) both submitted computer-controlled cable modems, or CCCMs, for DOCSIS 1.
New Terayon chip unit will seek independence
October 21, 2001 8:00 pm | by Jeff Baumgartner | CommentsMoving on previously stated plans to zoom in on the data-over-cable sector, Terayon Communication Systems Inc. today spun off its silicon unit, creating a new company called "Imedia Semiconductor." That division designs, manufactures and sells broadband silicon for the cable sector, and includes a focus on Terayon's proprietary S-CDMA (synchronous code division multiple access), as well as A-TD...
Industry weighs in on quarterly results
October 18, 2001 8:00 pm | by Anne Kerven | CommentsBroadcom Corp. reported a net loss of 1.6 billion, or $6.36 a share, on net revenue of $213.6 million in its third quarter. The company's net loss was $14.1 million, or 6 cents a share, on net revenue of $319.2 million a year ago. The losses don't include one-time restructuring charges of $16 million and other costs of streamlining operations, it says.
