Talk about tense. CommScope Inc. restructured its joint venture deal with Furukawa Electric Co. Ltd. of Japan, who in turn says it had signed a lowered $2.3 billion deal to buy Lucent's Optical Fiber Solutions unit, and Lucent says it's not done yet — but will be very soon. CommScope and Furukawa also named the venture's new units and appointed a president and CEO.
ExciteAtHome showed a $271.3 million, or 66 cent-per-share net loss, on revenue of $138.4 million in the third quarter, it says. The company will release complete results by Monday, when it files its 10-Q with the U.S. Securities and Exchange Commission. The company's residential broadband subs reached 4.
High Speed Access Corp. showed a $51.3 million, or 87 cent-per- share, net loss on revenue of $11.4 million in the third quarter. Excluding noncash charges, net losses were $22.3 million, or 38 cents a share. The company says its cable modem customers rose 13.6 percent for since the second quarter of this year, and 257 percent over its 56,000 subscribers a year ago.
Yesterday's announcement it would adopt Multimedia Home Platform specs for the OpenCable Application Platform (OCAP) should come as no surprise to those following the situation, CableLabs officials say. "The OCAP spec has been based on MHP for quite some time," says CableLabs VP of Advanced Platforms Don Dulchinos.
Ericsson says it will sell its Lynchburg, Va., cable modem business to Aastra Technologies Ltd. of Ontario, Canada. Financial terms were undisclosed, although the unit's Q3 revenues are at about $20 million. Ericsson's cable modem business has focused primarily on developing one specific product, its PipeRider cable modem, says spokeswoman Kathy Egan.
Even as the OpenCable Application Platform (OCAP) authors labor, CableLabs says it's adopted the Multimedia Home Platform middleware specs developed by Digital Video Broadcasting. MHP will be part of OCAP, the middleware portion of OpenCable, the organization says, adding that North American cable operators have agreed to use "the bulk of the MHP 1.
The telecom industry will lose about 77,000 telecom and high-tech jobs if HR1542, The Internet Freedom and Broadband Deployment Act of 2001, becomes law, a coalition of ISPs and telecom companies said in a letter to House Speaker Dennis Hastert. The group urged Hastert not to take the bill to the House floor.
Cox Business Services launched Cox Carrier Services to help supply last-mile broadband and local transport over a metro area network, it says. "Cox Carrier Services is not a separate division" of existing Cox Business Services subsidiary, says Cox spokesman Bobby Amirshahi. "It is a group of products sold by Cox Business Services … to carriers.
Jumping headlong into the cable network equipment market, Juniper Networks Inc. inked a deal to acquire start-up Pacific Broadband Communications for $200 million in stock. The deal, which is expected to close before the end of the year, will give Juniper access to PBC's "Kodiak" line of cable modem termination systems, as well as the custom silicon and software to run them.
Covad Communications and SBC Communications signed a loan/revised agreement plan that Covad says will coincide with pulling out of bankruptcy by January 2002. The two value the deals at $150 million, $135 million of which is cash. The deals have four funding elements, and two main ones, says Covad co-founder and Executive VP of Marketing and Strategy Chuck Haas.
AOL Time Warner and Sony Corp. are teaming on a home-networking strategy that includes new technologies and the potential for AOL's access service in Sony's networked electronics in the United States. AOL says the new strategy includes three key points. The two will develop broadband home networking gateway technologies that allow consumers to access broadband services from multiple PCs and oth...
Scientific-Atlanta will purchase Brussels, Belgium-based BarcoNet NV for about $154 million in cash. The company says the purchase will accelerate and build its European presence. Under the deal, S-A will launch a public tender offer for all outstanding BarcoNet stock with all outstanding options, warrants and convertible securities, it says, adding that major shareholders of about 40 percent o...
Time Warner Cable is taking shipments of the 500 Series digital cable set-top boxes from Pace Micro Technology, marking Pace's first cable set-tops shipped to the United States. TWC won't put a dollar figure on the deal, but the original order was for at least 750,000 of the boxes. The company will be receiving them and sending them to the field "very quickly," although the exact markets haven'...
The cable industry signed up 2.4 million new digital broadband customers in the third quarter — about even with the rate in the second quarter, a survey says. According to a member survey conducted by National Cable & Telecommunications Association, digital video signed on 1.5 million new customers and high-speed cable Internet landed 825,000 new customers during the time between July...
The California Cable Television Association pulled out some high-impact bait to reel in 2001 Western Show attendees. The organization, which hosts the show, just announced its speaker and moderator lineup. Tuesday's session, See Change! The Many Flavors of Interactive TV, will be moderated by Jim Louderback, VP and editorial director at TechTV.