Winstar Communications Inc.'s founder, Chair and CEO William J. Rouhana Jr. will bid on the beleaguered company's assets in December. Rouhana was one of two Winstar execs who resigned to bid against several other investors. Winstar expects to file a motion with the Bankruptcy Court in the District of Delaware today, says spokeswoman Laura Kline.
Expanding its portfolio of fiber optic transmission gear, Motorola Broadband Communications Sector said it will acquire San Jose, Calif.-based Synchronous Inc. in a stock deal valued at $260 million. Motorola said the deal is part of the company's strategy to help operators boost the capacity of their existing networks to support a variety of "data-intensive" voice, video and data services.
Hoping to kick-start the interactive television sector, Spyglass Integration officially opened the door for business on a new 31,000 square foot laboratory based in Lexington, Mass. Coupled with financial backing from Motorola Inc. and OpenTV Corp., Spyglass Integration's call to arms is to hasten the deployment of cable- and satellite-based iTV services via "back office" tests and procedures d...
Keeping a close eye on PacketCable developments, Comcast Corp. said it has launched a lab trial to test the muster of Cedar Point Communications' Cable Media Switching System. Cedar Point, a start-up based in Windham, N.H., has developed a platform designed to make IP telephony a much simpler and less costly chore.
Moving forward with its aggressive video-on-demand strategy, Comcast Corp. on Tuesday revealed where it will initially offer the services, as well as which technology partner it has tapped in each market. By the end of 2001, Comcast will use SeaChange gear to service VOD subscribers in Alexandria/Arlington, Va.
Scientific-Atlanta Inc., in its most recent 10-Q report, said it has opted to rely solely on third party vendors for its line of WebSTAR cable modems. Askey Computer Corp. manufactures S-A's DPX110 WebSTAR product, which uses silicon from Broadcom Corp. CableLabs has already certified that model for DOCSIS 1.
Fleshing out and beefing up its 2000-class line of digital cable set-tops, Motorola Broadband Communications Sector said it plans to debut two new boxes at next week's Western Cable Show: the DCT-2500 and the DCT-2600. CED has also learned that Motorola has another set-top, the DCT-4900, on its product roadmap.
TechTV will cut 130 jobs and restructure, it says. Citing current market conditions, particularly in the technology industry, the company says the cuts will come from all areas of the company, effective immediately. The changes "reflect the volatile economy we are all faced with," Chair and CEO Larry Wangberg says in a statement.
Lucent closed the deal Friday on its Optical Fiber Solutions unit sale to Furukawa Electric Co. Ltd. of Japan, only hours after a spokeswoman said the end was "imminent." Furukawa had announced the closing Thursday, but Friday, Lucent said it hadn't yet closed. Under the deal, Lucent will receive $2.
Moving beyond its cable modem termination system reseller agreement with Riverstone Networks, Terayon Communication Systems Inc. rolled out two CMTSs of its own: the BW 3500 and BW 3200. The BW 3500 is a "carrier-class" chassis-based CMTS with 14 individual line cards, while the pizza-box, compact BW3200 model is targeted to small cable systems or to large operators that plan to employ a distri...
Keen Personal Media has expanded its personal video recorder relationship with Scientific-Atlanta Inc., and announced a new PVR sidecar capable of storing 100 hours of video. In the first announcement, Keen said S-A made an undisclosed investment in Keen via the purchase of a convertible bridge note and warrants to purchase shares of Keen.
Adelphia Communications Corp. has deployed SeaChange International Inc.'s interactive television system to launch subscription video-on-demand services in Cleveland via Scientific-Atlanta Explorer 2000 digital set-tops. Financial terms of the deal were not disclosed. Using a single video server platform, Adelphia will offer S-VOD content from HBO, Showtime and Starz.
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.