Riverstone Networks Inc. and Tellabs Inc. have settled their legal spats that have been pending for more than a year. In Aug. 2001, Tellabs filed a $10 million suit charging Riverstone with breach of contract, fraud, misappropriation of trade secrets and deceptive trade practices. In response to the suit, Riverstone filed a breach of contract suit against Tellabs, after Tellabs ended their alli...
As the earnings parade continues to march on, results from JDS Uniphase Corp., Arris and Insight Communications Company offer a mixed bag. Despite posting a narrower first quarter loss, JDS Uniphase shares fell nearly 10 percent in midday trading as the network gear maker recorded its seventh consecutive quarterly dip in revenue.
Knology Broadband Inc. saw its first glimpse at the light at the end of its bankruptcy tunnel, as a bankruptcy judge approved the company's reorganization plan. The overbuilder filed for Chapter 11 bankruptcy protection from its creditors on Sept. 18 under a prepackaged plan. The reorganization calls for Knology to swap $444.
MPEG-4 software provider iVAST has let go 10 staffers in an attempt to better align its staff with market demand. "We didn't have a layoff," said Karen Willem, iVAST's senior vice president of finance and chief financial officer. "We did let go about 10 people, but plan to hire about 10 more in different areas," she said.
French telecom gear maker Alcatel has inked a multimillion deal to supply 180,000 DSL lines in China. Zhejiang Telecom has selected Alcatel's Chinese subsidiary Alcatel Shanghai Bell. In May, Zhejiang Telecom tapped Alcatel for 80,000 lines. Alcatel's lines will cover the cities of Hangzhou, Ningbo and Wenzhou.
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 The Record The Record…10/25/2002 From LexisNexis Velocitus Broadband, a data communications provider and subsidiary of an Idaho utility, now offers business and institutional users in Stockton, Calif. the choice of fixed wireless and traditional wired connections.
Copyright 2002 Knight Ridder/Tribune Business News Copyright 2002 Belleville News-Democrat Belleville News-Democrat…10/25/2002 From LexisNexis Charter Communications ' third-quarter profits are more than 4 percent behind where they were predicted in August to be at this time, Bloomberg News reported Thursday.
Copyright 2002 M2 Communications Ltd. TELECOMWORLDWIRE…10/24/2002 From LexisNexis China's broadband Internet audience will grow by nearly 500 percent during 2002, according to research and consulting firm Strategy Analytics. In a new research report, Strategy Analytics predicts that 2.9m Chinese households will subscribe to broadband Internet services by the end of 2002 and by 2008, some ...
SBC Communications Inc.'s third quarter results offer a mixed bag. On the one hand, the company beefed up its DSL subscriber numbers, but on the other SBC suffered a 5 percent year-over-year drop in revenue. According to the service provider, it has become the first company to have 2 million DSL lines in service.
The HomePlug Powerline Alliance, an industry group working to specify home networking gear that operates over traditional residential electrical wiring, is gearing up for the next version of its technical specification. The new standard, dubbed HomePlug AV, will be designed to support the distribution of data and multi-stream entertainment for both standard-definition and high-definition televi...
It's a marriage between audio books and cable modems, and Toshiba America Information Systems and Audible Inc. believe it will be a match made in broadband heaven. Toshiba's Network Products Division has struck an agreement with Audible Inc., a provider of downloadable, spoken audio, to co-market their products.
SONICblue Inc. was looking for a way to add some more bells and whistles to its new line of ReplayTV 5000 digital video recorders, and has turned to Universal Electronics Inc. to make it happen. The newly signed agreement calls for UEI to provide a custom-designed wireless controller and embedded connectivity software that will enable a direct link from the DVR to cable and satellite set-tops.
Broadband communications training outfit NCTI has rolled out a new program intended to give basic knowledge to new installers. The Quick Start Installer program was designed with inexperienced installers in mind. The program is geared to help installers master specific skills usually learns during the first 90 days of employment.
Copyright 2002 Gannett Company, Inc. USA TODAY…10/24/2002 From LexisNexis SEATTLE —Microsoft Corp.'s biggest push yet to lure customers to its Internet subscription service kicks off today with Chairman Bill Gates and rocker Lenny Kravitz touting the coolness of MSN 8 in New York's Central Park.
Cable operators eye opening digital channels to local advertisers as a source of revenue. Terayon Communication Systems Inc. has teamed with nCUBE Corp. to now include high-definition television in the mix. The companies have developed an HD ad insertion system built on Terayon's DM 6400 Network CherryPicker and nCUBE's DPI Premium System.