Tellabs Inc. managed to lower its year-over-year net loss in the second quarter, but revenue dipped 32 percent. The company lowered its operating expenses during the quarter, which resulted in a narrower loss of $142.8 million, or 35 cents a share. This compares to a loss of $174.1 million, or 43 cents a share, in the second quarter 2001.
With several other telecom companies reporting financials this week, Tellabs is not the only one under The Street's watchful eye. The latest to report: Motorola Inc. and RealNetworks Inc. Motorola Inc. In the second quarter, Motorola Inc. suffered its biggest net loss to date: $2.3 billion. The loss was primarily fueled by the $1.
Competition is fierce, and in the broadband game and accurate billing is key. MSO Charter Communications Inc. is sticking with its billing partner CSG Systems at least through 2012. The newly signed contract extension calls for CSG to provide its core customer care and billing systems for Charter's high-speed data services customers.
Free space optics vendor Terabeam Corp. is expanding its wireless horizons with the acquisition of Harmonix Corp. Financial terms were not disclosed. Harmonix's millimeter wavelength wireless communications and components will complement Terabeam's free space optics systems designed for last mile connections, Terabeam's president and CEO Dan Hesse tells CED Broadband Direct.
If you want to play, you have to pay the piper. And that is just what NEC Corp. is doing. The company has inked a licensing deal with Qualcomm to develop, manufacture and sell third-generation wideband CDMA (code division multiple access) and TD-SCDMA application specific integrated circuits (ASIC) products.
LSI Logic is moving full-speed ahead in the cable modem marketplace with the shipment of its one-millionth L2161 universal cable transceiver. The L2161 chip was designed for DOCSIS cable modems. LSI is the first company to produce DOCSIS 1.1 certified silicon that is not made by Texas Instruments or Broadcom.
After 18 months of streaming its operations, deltathree is turning to an outside party to help it explore its strategic alternatives. The SIP-based voice-over-IP products and services provider is looking for ways to maximize its shareholder value, and says it will consider a number of possibilities, including a strategic alliance, joint venture, merger or acquisition.
Copyright 2002 Bulletin Broadfaxing Network, Inc. The Bulletin's Frontrunner…07/16/2002 From LexisNexis CQ (7/15, Cohn) reports, "After a flurry of inquiries from lawmakers about the possibility that the telecom industry meltdown will cause a shutdown or disruption of telecommunications services, Federal Communications Commission Chairman Michael K.
Copyright 2002 Bulletin Broadfaxing Network, Inc. The Bulletin's Frontrunner…07/16/2002 The Washington Post (7/16, E1, Johnson) reports, "Prosecutors are preparing to indict John J. Rigas, founder of Adelphia Communications Corp., and three of his children for allegedly taking part in accounting gimmicks and self-dealing at the bankrupt cable television firm, sources close to the investig...
Just days after inking a video-on-demand content deal with Charter Communications Inc., TVN Entertainment has closed a deal to support Comcast Cable Communications Inc.'s VOD rollout in Philadelphia. The full-scale deployment, which is slated to launch this fall, calls for TVN to support 750 hours of monthly VOD programming in the Philadelphia market.
Efficient Networks, makers of DSL bridge and router gear, announced a deal to use silicon technology from chipmaker Texas Instruments in a majority of the company's next-generation ADSL gear. Efficient will be developing ADSL products using TI's AR5 chipsets, which will include a future product family of bridges, routers and residential gateways.
Cable operator Blue Ridge Communications has teamed with Pioneer Digital Technologies Inc. to launch an interactive gaming service to complement its digital cable program offering. Interactive deployments will help spur growth and reduce digital churn, according to Blue Ridge. As part of the deal, Pioneer's interactive game application, dubbed PassTime Games, will be be offered to Blue Ridge's ...
Digeo Inc., a division of Paul Allen's Vulcan Ventures, has struck a deal with Scientific-Atlanta Inc. 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.
One of the questions telco industry watchers have been asking is, how deep will the fiber run in LEC networks? As telcos build out their DSL infrastructure, companies like Alcatel are increasingly pushing deep fiber solutions —like the newer 7340 Fiber-to-the-User (FTTU) solution —to operators as way to offer a ton of bandwidth to throughput-hungry residential users, especially in n...
Sprint Corp. continued its march toward a leaner company on Friday, announcing plans to streamline its Global Markets Group, including shedding jobs, integrating its data hosting business to other areas of the company and dumping DSL. The Global Markets Group, which includes Sprint's long-distance business, will exit the DSL game in cities where it has found a better way to deliver service or w...