Cisco Systems cleaned house, refurbishing its previous three divisions into two — an 11-part engineering unit and a marketing unit. The company also moved execs and lost Kevin Kennedy, its senior VP of its old service provider line. In April 1997, Cisco devised three lines of business — its enterprise, service provider and commercial units — to focus on the growing markets at ...
They're back. The diligent number crunchers have churned out yet another spate of surveys. • An attempt to stimulate local services competition had "many nations mandating local loop unbundling," Yankee Group says in The Race to Win the Last Mile: Local Loop Unbundling Around the Globe. Despite varying frameworks for LLU around the world, regulatory agencies are plugging ahead.
Tellabs will cut 1,000 jobs and close two facilities as part of its plan to reduce operating expenses by 5 percent by the fourth quarter of 2001. It also will take a $50 million one-time restructuring charge in the third quarter. The equipment maker says it will close its Drogheda, Ireland, manufacturing plant and consolidate its work into other plants in Shannon, Ireland, and Espoo, Finland.
OpenTV and Matsushita Electric Industrial Co. Ltd. completed a jointly developed Multimedia Home Platform extension. The MHP 1.0.1 standard will affect OpenTV's advanced digital ITV platform, it says. The product is slated to be available as soon as the Digital Video Broadcasting project group releases its MHP Test Suite later this year, OpenTV says.
Concurrent Computer Corp.'s net losses narrowed in the fourth-quarter and year-end 2001, on revenue that grew modestly. The equipment maker saw fourth-quarter revenue reach $19.9 million, up from $18.5 million for the same period a year ago. Net losses for the quarter narrowed to $808,000, or 1 cent a share, from $1.
Under a $1.6 million contract, BarcoNet will supply digital TV headends and cable components to Norway-based BKK Broadband. The advanced digital/analog headend will supply more than 100 digital and 15 analog TV channels, 15 FM radio channels, an interactive information channel and Text TV. BarcoNet says it's in charge of the project, from signal source to set-top box.
Intent on a literal look at Labor Day, those diligent statisticians are back with another deluge of industry predictions. • Second-quarter sales of broadband fixed wireless, point-to-multipoint client or terminal equipment jumped 10 percent to $70 million over first-quarter of this year. Base station sales, however, dropped slightly, says a Dell'Oro Group report.
And you thought your market was hot. Digital Broadband Networks Inc. landed a deal to plan, design and execute all broadband communications and networking systems and services for luxury resort and spa Pulau Indah-Marina Village. The project is located on a tropical island on the Straits of Malacca, 45 minutes from Kuala Lumpur, Malaysia's capital.
America Online will cut at least 1,200 jobs in a restructuring effort, and AOL Time Warner will take a third-quarter charge of $100 million to $125 million as a result, the company announced. AOL says the move will help AOLTW operate all of its divisions "in a converged, integrated way." Under the restructuring, the company will create an Interactive Services Group, headed by Jonathan Sacks; co...
Liberate Technologies and AT&T's Headend In The Sky will team on interactive content via satellite to cable headends, and then to customers. The deal should allow HITS affiliates to provide new services, without set-top upgrades or server investments. The ITV service will use Liberate's TV Platform Compact software and run on Motorola's DCT-2000, the duo says.
Crown Media Holdings Inc. and DirecTV Inc. agreed to "reposition" the Hallmark Channel U.S. to DirecTV's Total Choice package, thus expanding the channel's distribution to about 40 million subscribers by the end of September, DirecTV says. Under the deal, DirecTV will receive about 5.4 million shares of Crown Media's Class A Common shares, or 4.
Those zany statisticians and their attention-getting tactics — the week already has seen a surfeit of studies on the industry. • Nearly 50 percent of U.S. households are interested in receiving VOD services, and nearly one-fourth indicated a "compelling" interest, says a Parks Associates study.
Talk about a rock and a hard place. ExciteAtHome's recent convertible stock offering drew a solid $100 million, but the terms require it to keep its common stock trading. But the broadband services provider faces delisting from NASDAQ, it says in an amendment to its annual report. The company, which announced last month it would need to raise funds by the end of the year or have a significant a...
Covad Communications saw a $175.5 million net loss on revenue of $87.1 million in its second quarter, citing charges connected with shutting down its BlueStar subsidiary as a key reason. The company, which filed for a Chapter 11 bankruptcy in mid-August and negotiated with bondholders to reduce its $1.
Sure, VC and other funding's out there, barely, but $110 million? Plus? Santera Systems Inc. scored more than $110 million in a third round of financing, it reports. The amount, led by Redpoint Ventures, brings its total to date to $200 million. Santera supplies next-generation switching solutions, a telecom infrastructure market valued at about $40 billion a year, a Redpoint spokesman says.