Copyright 2002 The Deal L.L.C. The Daily Deal…08/29/2002 From LexisNexis Carl Icahn said Wednesday he expects to have 95 percent of XO Communications Inc.'s $1 billion in bank debt after he closes on his tender offer Thursday, Aug. 29. This would give Icahn control of the Reston, Va. -based broadband provider if it fails to close on a proposed Forstmann Little & Co.
Copyright 2002 The Deseret News Publishing Co. The Deseret News (Salt Lake City, UT)…08/28/2002 From LexisNexis Helius Inc., which develops technology for seamless broadband communication over satellite and local area networks, is establishing the Strategic Reseller Program for enterprise partners to support the Helius Router for Hughes DirecWay.
SeaChange International Inc. let go with the industry's worst kept video-on-demand secret Tuesday afternoon, revealing with the release of its second quarter numbers that the company had won a contract to be Insight Communications' new VOD server and system vendor in 10 markets. Prior to going with SeaChange, Insight's primary vendor was Diva Systems Corp.
As customer spending for telecom gear continues to wane, Nortel Networks is weighing its options. The latest: the company plans to cut 7,000 more jobs and has revised its third-quarter sales forecast. The company's stock fell nearly 18 percent at one point in morning trading action. The telecom equipment giant has eliminated roughly 50,000 jobs since last year.
With the help of Broadcom Corp., Kasenna Inc. is pushing the performance envelope for video-on-demand delivery on Gigabit Ethernet interfaces. The streaming media provider says it has achieved throughput of 910 Mbps output on a Gigabit Ethernet interface from its MediaBase XMP video delivery platform.
RCN Corp. takes an expected step to shed some non-core cable systems in New Jersey to focus on its bundling service strategy. The $245 million cash deal will give control of the Central New Jersey systems and its 80,000 subscribers to private equity firm Spectrum Equity Investors and former cable executive Steve Simmons.
It seems operators have been waiting for the other shoe to drop when it comes to home networking. So far, operators have initially tested and trialed various home networking technologies in an effort to define a model that might glean some additional revenue in providing home routing and connection sharing equipment to broadband customers they already have.
SONICblue Inc.'s stock was being pummeled in early morning trading, following the news that the company has been put on notice by the Nasdaq. The PVR technology provider has received notification that its stock has closed below the minimum $1 per share requirement for continued listing on the Nasdaq National Market.
Copyright 2002 P.G. Publishing Co. Pittsburgh Post-Gazette…08/28/2002 From LexisNexis Adelphia Communications Corp. has asked a federal bankruptcy court to stop its founder from selling property that the cable television systems owner said is at least partly owned by the company. Adelphia said John J.
Gemstar-TV Guide International Inc.'s failure to file its second quarter results on time may lead to a Nasdaq delisting. The TV programming guide provider has received a Nasdaq Staff Determination that since it has not filed its Form 10-Q reflecting its second quarter results, its shares are subject to removal from the Nasdaq National Stock Market.
Move over ISDN, Ethernet will enable video services to move into the mainstream of business communications, one analysis says. The move by many users of videoconferencing equipment to convert their existing ISDN infrastructure to an IP-based infrastructure will spark revenue for IP based services in 2006, according to a new report from InStat/MDR, InStat/MDR and CED Broadband Direct are both su...
At one point in the evolution of fiber optic transport networks, the race seemingly was on to reach the 40 Gbps speed threshold. However today, operators have slowed that evolutionary pace, opting to build up 10G transport technologies and integrating DWDM gear to further optimize systems technologies already in place.
Concurrent Computer Corp. generated more than $17 million in revenue from video-on-demand deployments in the fourth quarter, tipping its VOD-enabled digital subscriber base to more than 3 million. The company's MediaHawk Broadband VOD system has been deployed in 39 North American markets by Time Warner Cable, Cox Communications Inc.
Acrowave Systems Co. has integrated Conexant Systems Inc.'s AccessRunner ADSL system with its ADSL-wireless access points/routers. The integrated AAP-3100AR router will be used as wireless access points as part of Korea Telecom's broadband wireless ADSL-802.11b service. To date, Korea leads the world in ADSL installations, according to industry research.
The broadband wireless industry is still in its infancy, and the sector needs a bigger presence on Capitol Hill, says the Broadband Wireless Alliance. The association has established 17 new broadband wireless working committees in large part to accomplish this goal. Among the new committees created, the WISP Frequency Coordination Committee will be tasked with working with wireless ISPs to esta...