A boost in digital cable and high-speed Internet access customers led Comcast Corp. to a 16 percent year-over-year increase in revenue. The cabler posted revenue of $2.71 billion, which topped analyst consensus estimates of $2.66 billion, according to Thomson Financial/First Call. Adjusted net income, excluding nonoperating items, amounted to $140.
ADC has its eye on the prize: profitability. The telecom equipment maker is taking additional steps to cut costs, including getting out of the optical components business and refocusing its DSL access portfolio. The company has hired Lehman Brothers to assist in the evaluation of its optical components business, and determine whether the unit should be sold or just shut down.
It's the old adage, "if at first you don't succeed, try, try again." After failing to win approval to purchase Deutsche Telekom's cable units in Europe, Liberty Media Corp. has inked a deal to acquire France Telecom's cable operator N.V. Casema. The agreement will jump start Liberty Media's efforts to expand its footprint in the European market.
As if misreporting billions in expenses and filing for bankruptcy wasn't enough, two former WorldCom Inc. executives have surrendered to federal authorities to face charges related to financial wrongdoing. Scott Sullivan and David Myers surrendered at an undisclosed location early this morning. Details of the charges against Sullivan and Myers have not yet been disclosed.
Motorola Inc. has targeted a town in southwestern Missouri as the spot for the first rural deployment of its high-speed wireless broadband access product, dubbed Canopy. NexLink communications Inc. has deploy the fixed wireless system in Republic, Mo., and is offering high-speed Internet access services to the residents and businesses.
Copyright 2002 The Deal L.L.C. The Daily Deal…08/01/2002 From LexisNexis As the telecommunications slump deepens, concerns about the long-term viability of Lucent Technologies Inc. and Nortel Networks have flared with every new dismal forecast for the industry. In fact, though, most observers say both telecom equipment makers have enough cash to weather the next 18 months.
The Society of Cable Telecommunications Engineers (SCTE) said its data standards subcommittee has approved four new standards for IPCablecom, a global architecture for packetized applications and services whose roots are found in North America's PacketCable platform. The four newly-approved standards are: SCTE 24-14 2002 (Primary Line Support), SCTE 24-15 2002 (Interdomain quality of Service),...
After signing two video-on-demand server deals in the wake of Diva Systems' bankruptcy, Charter Communications Inc. said it will answer the content side of the VOD equation via a deal with TVN Entertainment Corp. Under terms of the deal, TVN will encode on-demand content for the MSO from its Digital Network Operations Center and transport VOD titles and subscription-VOD content via TVN's Secur...
Digeo Inc., a division of Paul Allen's Vulcan Ventures, has struck a deal with Scientific-Atlanta to create a home media center that operates Digeo's Moxi platform. Corporate cousin Charter Communications will be the first to deploy the Moxi-powered Explorer MC when it becomes commercially available in 2003.
Latching onto a platform that is quickly gaining steam, Time Warner Cable is giving Gigabit Ethernet a shot over ASI (asynchronous serial interface) to support its video-on-demand rollout in Green Bay, Wis. "Gig E is evolving and will be a [strong] transport medium as we grow streams out of the headend," said Reggie Workman, the MSO's vice president of engineering.
C-COR.net has struck a deal valued at about $78 million to snap-up Philips Broadband Networks (PBN), a move that is expected to widen C-COR.net's international scope by three-fold. The deal, expected to close by the second half of this year, will add about $100 million in annual accretive revenue, C-COR.
Comcast is moving on plans to offer residential primary-line IP telephony service to customers in its home town of Philadelphia, Pa. by the second quarter of 2003. To fuel those plans, the MSO is installing Arris' DOCSIS 1.1-qualified C4 cable modem termination system. Comcast added that it has completed a variety of technical lab trials of IP telephony service, and has concluded that the tech...
CableLabs awarded DOCSIS 1.1- certification to Com21 Inc.'s DOXport 1110XB cable modem last month, nearly a month after the end of certification wave 22. The Louisville, Colo.-based R&D house historically has given certification and qualification nods to equipment weeks after the end of testing waves.
Arris' C4 cable modem termination system and Toshiba's PCX2500 cable modem became the first equipment last month to pass the test for the EuroDOCSIS 1.1 specification. The EuroDOCSIS Certification Board said the milestone was achieved after it invited those vendors to resubmit their products following certification wave 8, following "only minor problems being found during certification wave 7.
Narad Networks hopes to give its commercial broadband over cable plans a big boost following a new alliance with IBM. Under terms of the deal, IBM and Narad will team on an open standards-based architecture designed to give cable operators an easy way to offer broadband services to small- and mid-sized businesses (SMBs).