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NTT moves workers, taps broadband market
April 15, 2001 8:00 pm | by Anne Kerven | CommentsNippon Telegraph & Telephone Corp. has big plans for a broadband content company, a fiber-optic Internet access service and reduced rates on certain services, the Tokyo company reported in its three-year business plan. NTT also plans "the reallocation of personnel from NTT East and NTT West to other companies in the Group," the plan says.
LSI/NewLogic tech to add Bluetooth
April 15, 2001 8:00 pm | by Anne Kerven | CommentsLSI Logic Corp. will use Boost Core and Boost software IP products from NewLogic Technologies AG, letting LSI add Bluetooth functionality to its standard products, LSI reports. The agreement also allows LSI to add the Boost Core to its CoreWare library. LSI's integrated solutions and system-on-a-chip let it offer designers of Bluetooth applications a solution designed to help take their product...
Newpoint picks up DOD deal from Artel
April 15, 2001 8:00 pm | by Anne Kerven | CommentsNewpoint Technologies Inc. landed a lucrative contract with Artel Inc. and Artel's part of $2.1 billion in work on the Defense Information System Network Satellite Transmission Services - Global. No word yet on Newpoint's portion of the deal. Newpoint will supply fixed and global satellite services for any government agency needing satellite bandwidth and satellite-based hardware, services and ...
Juniper results up; forecast down
April 12, 2001 8:00 pm | by Anne Kerven | CommentsJuniper Networks Inc.'s first-quarter results were right on target, but the company lowered its forecast for 2001. Chair and CEO Scott Kriens credited in part the company's focus on financial fundamentals, but affirmed the continued growth and execution of Juniper, regardless of "the challenges of today's economy," he said in a statement.
ADC merges broadband units; reorganizes
April 12, 2001 8:00 pm | by Anne Kerven | CommentsADC has merged its Broadband Connectivity, and Broadband Access and Transport groups into a single entity it calls Broadband Infrastructure and Access, or BIA. The move is part of a swath cut by incoming Chair and CEO Rick Roscitt who has reorganized the Minneapolis company by rearranging its operations.
Nortel gets China contract; won't bankroll clients
April 12, 2001 8:00 pm | by Anne Kerven | CommentsNortel Networks just picked up $8 million in contracts to provide broadband access and multiservice networks for North China Power Group and regional power companies in the Hubei, Jiangsu, Shandong, Sichuan and Heilongjiang provinces. The announcement comes as Nortel stated it won't extend credit to European telecoms to get contracts.
CEA to FCC: Don't outlaw analog TVs
April 12, 2001 8:00 pm | by Anne Kerven | CommentsThe Consumer Electronics Association jumped in during an FCC comment period, urging the FCC to focus on digital quality and old technology in talks on how to up public acceptance of digital TV. The FCC is reviewing the digital TV transition and whether analog or digital should be incorporated into TV sets, and at what level.
Liberate/Concurrent team on VOD
April 11, 2001 8:00 pm | by Anne Kerven | CommentsLiberate Technologies has combined its ITV software with Concurrent Computer Corp.'s VOD technology, the company reports. The agreement is part of Liberate's PopTV program, that lists Concurrent as a preferred infrastructure provider. The deal, completed this month, combines Liberate's TV Platform software and Concurrent's MediaHawk Broadband VOD system.
ISurf offers NCTC ITV Guide
April 11, 2001 8:00 pm | by Anne Kerven | CommentsISurfTV made a deal with National Cable Television Cooperative to develop and market a turnkey interactive program guide. The deal takes iSurfTV's SurfGuide technology to NCTC's 1,300-member group, representing more than 13 million cable subscribers, iSurfTV reports. ISurfTV will create a standardized IPG template that can be customized for each member MSO, letting the membership quickly deploy...
LSI Logic to shut down Colorado plant
April 11, 2001 8:00 pm | by Anne Kerven | CommentsConsider the third-shift workers at LSI Logic's Colorado Springs location. Because of full-disclosure rules at the SEC, the shift found out on the news their plant was closing — before they heard from the company at 6 a.m. today. Other shifts found out yesterday. LSI is shutting the plant down, effective in August, citing an adverse economic climate and a "widespread inventory correction,...
SDSC: Alcatel modem has security flaws
April 10, 2001 8:00 pm | by Anne Kerven | CommentsSan Diego Supercomputer Center researchers say they've found security flaws in Alcatel's Seed Touch ADSL modem. In an alert, researchers, part of a University of California at San Diego division, note the modem actually is an ADSL-Ethernet router/bridge and the flaws "allow intruders to take complete control of the device, including changing its configuration, uploading new firmware, and disrup...
Motorola reports Q1 loss, predicts more
April 10, 2001 8:00 pm | by Anne Kerven | CommentsMotorola Inc. reported a $206 million loss, or 9 cents a share (excluding special charges), in its first quarter and expects to incur a loss in the second quarter, the company reports. Its operating loss for the quarter is Motorola's first in 15 years. Second-quarter losses may be a few cents higher than the 9-cents-a-share loss, the company says.
… And Quarry picks up another $38 mil
April 10, 2001 8:00 pm | by Anne Kerven | CommentsIP services equipment provider Quarry Technologies Inc. also landed a sizeable chunk of cash with a Series C round of $38 million. The sum brings its total venture financing to $66.5 million in two years, the company reports. The funds will go to product development, marketing and sales, and additional staff.
CityNet lands $275 M for last-mile fiber
April 10, 2001 8:00 pm | by Anne Kerven | CommentsTalk about understatement: "We're very pleased," a CityNet Telecommunications Inc.'s spokesman told CEDaily about the company's $275 million financing. The last-mile, fiber-optic provider credits the sum partly to its unusual method of laying the cable. The 2-year-old company's technology entails laying fiber optic cable through sewer systems, which, CFO, Senior VP, and co-founder Debra Hoopes ...
… And Quarry picks up another $38 mil(2)
April 10, 2001 8:00 pm | by Anne Kerven | CommentsIP services equipment provider Quarry Technologies Inc. also landed a sizeable chunk of cash with a Series C round of $38 million. The sum brings its total venture financing to $66.5 million in two years, the company reports. The funds will go to product development, marketing and sales, and additional staff.
