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Broadband Direct

Daily news and top headlines for broadband communications engineering and design professionals

Winstar plan cuts 950 jobs, thinks sale

August 1, 2001 8:00 pm | by Anne Kerven | Comments

Winstar Communications Inc. crafted a two-part plan to pull itself out of bankruptcy sooner than expected. The plans include cutting 950 jobs and a potential sale or merger. The company says part one entails refocusing its sales efforts on small- and medium-size customers in its markets, including 17 branches, 200 national accounts and government business in 11 markets.

Study: CMTS/optical transport plunge to reverse … later(2)

August 1, 2001 8:00 pm | by Anne Kerven | Comments

Try to look past that 36 percent dive in CMTS and other cable equipment sales this year, not to mention the 23 percent drop in this year's worldwide optical transport market. Two Dell'Oro Group studies say both markets will turn around — CMTS in 2002 and optical transport in 2003. "Access concentrator — cable modem equipment" sales should grow 85 percent, year-over-year, next year, ...

Lucent tots up $1.75 B from convertible stock

August 1, 2001 8:00 pm | by Anne Kerven | Comments

Lucent got a boost from an unexpected $1.75 billion in its convertible preferred stock offering yesterday. The stock, priced at $1,000 a share, drew about $750 million more than targeted, despite Lucent's lowered ratings from Standard & Poor's, and Moody's. Observers say buyers include mutual fund managers, pension funds and other institutions, who will get an annual dividend rate of 8 perc...

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Comcast turns out strong Q2 results; ups guidance

August 1, 2001 8:00 pm | by Anne Kerven | Comments

In a show that it might put its money where its mouth is, AT&T Broadband bidder Comcast Corp. turned out some strong second-quarter results. It also upped its guidance on its digital cable and high-speed data products. Comcast's pro forma cable revenue for the period ending June 30 rose to $1.29 billion, compared to $1.

Study: CMTS/optical transport plunge to reverse … later

August 1, 2001 8:00 pm | by Anne Kerven | Comments

Try to look past that 36 percent dive in CMTS and other cable equipment sales this year, not to mention the 23 percent drop in this year's worldwide optical transport market. Two Dell'Oro Group studies say both markets will turn around — CMTS in 2002 and optical transport in 2003. "Access concentrator — cable modem equipment" sales should grow 85 percent, year-over-year, next year, ...

Metromedia lands credit extension … sort of

July 31, 2001 8:00 pm | by Anne Kerven | Comments

No pressure here. Metromedia Fiber Netwok Inc. landed a $62.5 million credit extension from Citicorp, contingent on pulling in another $487.5 million from other sources, including $200 million in vendor financing. Metromedia says affiliates have committed to $180 million of the $287.5 million needed from "other sources," but it's contingent on closing ongoing talks of $200 million in vendor fin...

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ADC to cut 2,500 more jobs; lower guidance

July 31, 2001 8:00 pm | by Anne Kerven | Comments

ADC lowered its Q3 guidance and said it would lay off an additional 2,500 workers. It will close several facilities and sell two of its units for an undisclosed sum. Chair and CEO Rick Roscitt said the company doesn't expect to reach its stated $600 million, low-end guidance. ADC also announced its anticipated pro forma loss of 5 cents a share.

Charter bids $73 M for waffling HSA

July 31, 2001 8:00 pm | by Anne Kerven | Comments

Charter Communications Inc. made a $73 million cash pitch for certain High Speed Access Corp. assets, but HSA isn't sure yet what it wants to do. HSA had just announced a 26 percent jump in subscribers since March and in May, an open access agreement with Time Warner Cable. An FTC comment period on the deal ended yesterday.

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Metromedia lands credit extension … sort of(2)

July 31, 2001 8:00 pm | by Anne Kerven | Comments

No pressure here. Metromedia Fiber Netwok Inc. landed a $62.5 million credit extension from Citicorp, contingent on pulling in another $487.5 million from other sources, including $200 million in vendor financing. Metromedia says affiliates have committed to $180 million of the $287.5 million needed from "other sources," but it's contingent on closing ongoing talks of $200 million in vendor fin...

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OpenTV and BigBand Team to Provide Bandwidth-Efficient iTV Content

July 31, 2001 8:00 pm | by Staff | Comments

BigBand Networks and OpenTV are partnering to create a strategic technology integration and cooperative marketing agreement to provide cable operators with an integrated, cost-effective solution to deliver interactive TV content. Using the combined product offering, cable operators can insert interactive TV content at master or local headends, while minimizing capital equipment costs, and opti...

Mixed Signals Technologies Working to Integrate TiVo Technology into Product Line

July 31, 2001 8:00 pm | by Staff | Comments

Mixed Signals Technologies and TiVo Inc. are partnering to integrate TiVo's Ipreview technology into Mixed Signals' ITV Networking Solutions product line. Under the terms of the agreement, Mixed Signals' ITVauto interactive television broadcast data automation interface would be upgraded with the ability to schedule, manage, and encode TiVo Ipreview data into the video signal of participating n...

Lucent to Supply Optical Network System for TyCom

July 31, 2001 8:00 pm | by Staff | Comments

Lucent Technologies will supply long-haul optical network equipment and services for Morristown, N.J.-based TyCom Ltd., in a one-year $90 million agreement. The agreement includes deployment of the Lucent WaveStar OLS 1.6T optical networking system in the Tycom Global Network (TGN), with potential upgrades of more than $50 million.

Fiber-to-the-Home Council Formed

July 31, 2001 8:00 pm | by Staff | Comments

Alcatel, Corning Inc. and Optical Solutions are forming a Fiber-to-the-Home Council. The purpose of the group is to provide education and to promote and accelerate the deployment of fiber-to-the-home systems in North America. Membership will be open to companies in telecommunications, computing, networking, system integration and content provider businesses, as well as telecommunications servic...

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Real Winner Revealed

July 31, 2001 8:00 pm | by Staff | Comments

Joel Hutchings of Cox Communications, Oklahoma City, Okla. was the third-place overall winner in the SCTE's Cable-Tec Games held in May in Orlando. Todd Lubbers of AT&T Broadband, Laramie, Wyo. was erroneously listed as the third-place overall winner in the June issue of CED. He won third place in "Cable Jeopardy.

Non-Line-of-Sight Wireless Systems Coming into View

July 31, 2001 8:00 pm | by Staff | Comments

PipingHot Networks (PHN) recently completed its first live field trials of the company's Broadband Wireless Internet Forum (BWIF) compliant non-line-of-sight (NLOS) wireless 3.5 GHz system, using open standard technologies. Additionally, Vyyo Inc. recently revealed its strategy for migrating its standards-based enhanced DOCSIS platform to NLOS fixed-broadband wireless systems.

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