The Street was frowning on Terayon Communications Systems Inc. in mid-morning trading action, following news that the broadband networking gear provider plans to slash 25 percent of its work force. Citing the ongoing downturn in the telecom sector, Terayon said it plans to reduce its headcount by 165, or 25 percent.
Copyright 2002 Gannett Company, Inc. USA TODAY…08/15/2002 From LexisNexis SAN FRANCISCO — Technology employment, expected to be growing by now, is failing to do so — further hampering the already weak economic recovery. More than 243,000 jobs have been cut this year in telecom, computers and e-commerce, says outplacement firm Challenger Gray & Christmas.
Copyright 2002 M2 Communications Ltd. INTERNET BUSINESS NEWS…08/14/2002 From LexisNexis A new scheme is being trialed by BT, a UK telecom company, that could allow small towns to get broadband Internet access. The new broadband-in-a-box service delivers broadband over existing cable instead of the new fiber technology used in conventional broadband services.
Looking to beef up its DSL service package, BellSouth Corp. has teamed with RealNetworks Inc. to deliver streaming audio and video content from the likes of NASCAR.com, FOXSports and "Big Brother 3" to customers' desktops. BellSouth FastAccess DSL subscribers can try out RealNetworks' RealOne SuperPass subscription-based streaming service for 14 days, free of charge.
The industry is full of movers and shakers. The latest: Executives are set to depart AT&T Broadband; Comcast taps Reardon; and Motorola names a PCS president. Schleyer, Cooper to depart AT&T Broadband The merger of AT&T Broadband and Comcast Corp. is expected to be completed this fall, but when it happens AT&T Broadband executives Bill Schleyer and Ron Cooper will not be coming ...
In a move that will double its coverage area, Sprint is expanding its Business DSL offering to reach 94 markets in the United States. The company says the expanded footprint will enable it to deliver IP-based services, such as network-based IP VPN and managed security solutions, to its business customers.
In what was most likely music to the tech industry's ears, President George W. Bush said broadband could help spark the lagging economy, and the government should "remove hurdles that slow the pace of deployment." Speaking at the Economic Forum Plenary Session in Texas, Bush said, "In order to make sure the economy grows, we must bring the promise of broadband technology to millions of Americans.
Toshiba America Information Systems is moving full steam ahead in the cable modem sector. To date, its networks product division has shipped more than three million DOCSIS cable modems in North America. In the first half of 2002, the company sold 858,000 cable modems, mostly to MSOs. During that time frame, Toshiba shipped 50,000 more DOCSIS modems than its closest competitor, Motorola Broadban...
Lucent Technologies Inc. has teamed with wireless data modem provider Novatel Wireless Inc. to develop next-generation wireless modems that will enable users to use their laptops or PDAs to access the Internet and their corporate networks via 3G Universal Mobile Telecommunications System (UMTS) networks.
The state of Oklahoma will be picking up the phone using Cox Business Services. The Cox Communications Inc. affiliate landed a contract worth $1.75 million with the Sooner State to provide telecommunications services to all of the buildings in the state's Capital Complex using its hybrid fiber coax network.
Copyright 2002 Toronto Star Newspapers, Ltd. The Hamilton Spectator…08/14/2002 From LexisNexis The chief executive of wireless equipment maker LM Ericsson said yesterday that he expects the recession in the telecommunications market to flatten out next year, but added there were no clear signs of a turnaround.
DivXNetworks and Home Media Networks believe the PC will become the entertainment hub of the home, and are integrating their products to help make that vision a reality. Home Media Networks has licensed DivX video compression technology as the default video compression format for all versions of its ShowShifter Home Media Center software, which includes PVR functionality.
Look out Sony Corp. and Nintendo, here we come, Microsoft Corp. says. To mark the one-year anniversary of the launch of Xbox, the software giant is aiming to take broadband-enabled gaming console online. On Nov. 15, Microsoft will begin selling a starter kit for its online gaming service, dubbed Xbox Live, for $49.
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.