Comdisco has reached its goal, and emerged from Chapter 11 bankruptcy. The reorganized company expects a 90 percent return to its creditors. The plan for the newly named Comdisco Holding Company is to spend up to three years to wind down the company's remaining assets. The sell-off is expected to bring roughly 90 percent recovery to its creditors.
Copyright 2002 M2 Communications Ltd. TELECOMWORLDWIRE…08/12/2002 From LexisNexis Internet communications company Tiscali Business Services has entered into an agreement with Wanbase, a voice and data network supplier. Both companies will now jointly offer integrated voice communications across ADSL for home workers and corporate use.
Copyright 2002 Warren Publishing, Inc. WARREN'S CABLE REGULATION MONITOR…08/12/2002 From LexisNexis LAS VEGAS — With the FCC decision on EchoStar 's proposed purchase of Hughes Electronics and its DirecTV subsidiary expected by fall, the companies began a two-pronged attack at Satellite Broadcasting.
Toshiba Corp. and Texas Instruments Inc. are continuing to work together in the cable modem technology sector. The latest: TI has supplied the silicon and software for Toshiba's PCX2500 cable modem, the companies announced today. The PCX2500 became the first cable modem to receive Euro-DOCSIS 1.1 certification from the Euro-DOCSIS Certification Board last month.
When times are tough, it is often the strong that reap the rewards. Case in point, facilities-based communications provider Conversent Communications has snatched up struggling REON Broadband Corp. REON went full throttle into the in-building broadband service sector a couple of years ago, but then the market went soft.
Consumers are finally jumping on the home networking bandwagon, news that bodes well for the home networking silicon market. The sector is expected to grow to a $1.4 billion industry by 2006, one analysis says. The number of worldwide home networks is projected to be at about 16.6 million this year, according to In-Stat/MDR, a sister company to CED.
Mark Dzuban, a cable telephony expert, has gone full-time at start-up Cedar Point Communications after being named executive vice president, cable telephony deployment. Dzuban previously served on the board of Cedar Point, an IP telephony equipment startup based in Derry, N.H. In his new role, Dzuban will collaborate with cable operators as Cedar Point shifts from the technology implementation ...
Although at times it looked like a deal between Global Crossing Ltd. and two Asian conglomerates would never come to fruition, the companies have signed a definitive agreement that will give Hutchison Whampoa and Singapore Technologies Telemedia Pte. Ltd. a 61.5 percent majority interest in Global Crossing.
The Nasdaq may be below 1,300, companies may be getting tangled in the webs they have spun, and corporate executives may be becoming part of the criminal justice system, but the broadband industry is still trying to move forward. Several companies have launched new products, including Broadcom, LSI Logic and National Semiconductor.
Copyright 2002 Bulletin Broadfaxing Network, Inc. The Bulletin's Frontrunner…08/12/2002 From LexisNexis The Wall Street Journal (8/12, Solomon) reports, "Some of WorldCom Inc.'s creditors, concerned that the depths of the telecommunication giant's accounting scandal haven't been fully disclosed, plan to push the company for an even broader review of its financial records.
CableLabs Inc. will consolidate its testing program for three projects and lower testing fees by as much as 60 percent, all in an effort to help vendors speed products to market. The Louisville, Colo.-cable technology consortium has announced it will consolidate its DOCSIS, PacketCable and CableHome testing schedules in 2003, and create shorter testing processes for cable modem vendors seeking ...
Time Warner Cable said it has reorganized its core senior management as part of a plan to tie together three basic business "pillars": new product development and deployment, marketing and customer service. In the moves announced Thursday, the MSO promoted former Vice President of Corporate Development Mike LaJoie to the newly created position of vice president of advanced technology.
Hoping to jump-start the digital television era, the Federal Communications Commission voted Thursday by a 3-to-1 margin that it will require the installation of off-air DTV tuners in nearly all new television sets by 2007. As part of the FCC's five-year plan, the requirement will start with larger, more expensive televisions, claiming the move is designed to minimize the cost for equipment man...
In reporting its second quarter financial results, interactive TV platform provider OpenTV revealed a stark drop in quarter-over-quarter revenue for the latest quarter, detailing a 38 percent revenue drop from the same period a year earlier. The company announced that second quarter revenue was just $14.
Copyright 2002 St. Louis Post-Dispatch, Inc. St. Louis Post-Dispatch…08/09/2002 Paul G. Allen might increase his stake in Charter Communications Inc.—or he might not. Allen, a co-founder of Microsoft Corp., filed papers with federal regulators Thursday indicating that he is considering several courses of action that could expand the controlling stake he has in the cable company: ...