Insight Communications Co.'s third-quarter losses widened to $25 million, or 42 cents a share, on revenue that jumped 48.7 percent to $177.4 million. Revenue and operating costs increased after Insight's purchase of AT&T's Illinois cable systems earlier this year. The company's customer numbers also reflected the acquisitions.
In other news, CableLabs sponsored a test and demo of digital program insertion technology, based on Society of Cable Telecommunications Engineers standards. The tests, conducted at CableLabs between Oct. 22 and Oct. 29, determined whether vendors' equipment complied with SCTE's DVS 253 and DVS 380 standards.
SeaChange International Inc. will supply VOD and SVOD services to six additional Time Warner Cable services areas in the United States. The company already provided the services in TWC's Austin, Texas, division. SeaChange says it's presently shipping and installing its iTV systems to the new divisions.
EarthLink Inc. and America Online Inc. launched high-speed Internet trials on Cox Communications' systems in El Dorado, Ark. The six-month, open-access trials are the first for Cox. Cox picked the Arkansas location because it already had its own ISP, Cox Express, operating there, says Cox Director of Business Development Seth Hogan.
Cisco Systems' first-quarter net loss plummeted to $268 million — a dramatic drop from its $798 million in net income a year ago. The company's revenue fell 32 percent, to $4.4 billion, from $6.5 billion a year ago. The company doesn't, however, plan more layoffs, at least for now, says Cisco Senior VP and CFO Larry Carter in an interview.
EchoStar Communications Corp. landed the $5.5 billion it needed to help finance its merger with Hughes Electronics, even as the U.S. Federal Communications Commission appoints a review board for the merger. Credit Suisse First Boston and Deutsche Bank each pitched in $2.75 billion, with Credit Suisse's commitment replacing General Motor's temporary bridge financing.
Time Warner Cable signed deals with three vendors for its systems in South Carolina and Los Angeles, and for its VOD services. The company will buy 77 MediaHUBs from nCUBE to help deliver its VOD services in Los Angeles, where TWC has more than 363,000 customers. nCUBE says it will deploy a centralized server architecture for TWC headends in Orange, South Bay and West Valley counties.
USB drivers in two of Motorola's SURFboard cable modems earned Microsoft's Designed for Windows logo, the company's broadband communications sector says. The logo validates the SB4100 and SB4101 cable modems' compatibility with Microsoft Windows' operating systems, Motorola says, including Windows 98, Windows 2000, Windows Me and Windows XP.
High Speed Access Corp. said Louisville, Ky.-based Express Technologies Inc. has agreed to buy "certain assets" of Digital Chainsaw, HSA's Web-hosting unit, for an undisclosed sum. For HSA, the deal removes yet another piece of its Internet service portfolio. Earlier this year, the company agreed to sell "substantially all" of its assets to corporate cousin Charter Communications for $81.
It was one of those "good news/bad news" weeks for SONICblue Inc. The good news was that the company's revenues rose 86 percent to $54.8 million versus the previous quarter. The bad news was that SONICblue's new Replay4000 personal video recorder came under legal scrutiny from a spate of television programmers.
Charter Communications Inc. weighed in with a $317 million net loss on revenue of $1.04 billion in its third quarter. The cableco also reported an average of 19,400 new digital video customers per week were added during the quarter. The company's cable TV unit reports 11.5 million homes passed for the quarter, up from a pro forma 11.
Aiming to goose the sale of digital cable set-tops via retail channels, the National Cable & Telecommunications Association voluntarily launched a plan that involves boxes with proprietary, embedded security. Under that proposition, NCTA said cable operators will support retail distribution of set-tops, but will offer to buy back the equipment on a depreciated basis if a customer moves to...
Setting its sights on smaller cable systems and the multi-dwelling unit sector, ADC Telecommunications Inc. has unveiled the "Cuda 1000," a pizza-box sized cable modem termination system that complements the company's carrier-class "Cuda 12000." Targeting systems with less than 20,000 homes, the Cuda 1000 is designed to handle data traffic as well as "second line" IP voice services, said Mitch ...
Moving forward on its plan to open up cable lines to more ISPs, Time Warner Cable said it has launched the high-speed version of AOL in Greensboro, N.C. and Cincinnati, Ohio, as well as several cities in western Ohio. AOL, the MSO's corporate cousin following the mega-merger that created AOL-Time Warner, said it will offer many of the same applications and services available to its narrowband ...
Although the economy remains as soft as a pillow, one cable-technology startup still has managed a sizable amount of funding. Stargus Inc. said it landed $10.15 million in series B funding led by Castile Ventures, Pilot House Ventures, ADC Telecommunications, Still River Fund, Lauder Partners and YAS Broadband Ventures.