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Daily news and top headlines for broadband communications engineering and design professionals
$1 billion contract takes the high (speed) road
December 31, 2000 7:00 pm | CommentsAerie Networks, Nortel sign contract for 20,000-mile national network for service providers. Aerie Networks will spend $1 billion with Nortel Networks over the next four years to optical networking gear in its 20,000-mile, high-capacity fiber-optic network in the U.S. Aerie, based in Denver, is linking 194 U.
'Desperate Housewives,' 'Lost' headline Apple's new iPod
December 31, 2000 7:00 pm | CommentsApple put video portability into the mainstream this week with the launch of its much-anticipated video iPod...and a major content deal in tow. The device, which features a 2.5-inch color screen and hard drives of 30 GB or 60 GB, is getting off the ground with a deal with Disney , and downloadable access to
Ciena supplies first nationwide optical mesh network in India
December 31, 2000 7:00 pm | by Traci Patterson | CommentsCiena Corp.’s CoreDirector multiservice optical switches have been deployed by VSNL in order to create the first nationwide optical mesh network in India.
Fujitsu beefs up lab to support LTE
December 31, 2000 7:00 pm | by Brian Santo | CommentsFujitsu Network Communications said it is expanding its laboratory facilities at its Richardson, Texas...
Speaking of "put"(2)
December 21, 2000 7:00 pm | by Karen Kessler-Tanaka | CommentsFox Family CEO Haim Saban says that he this week exercised a contractual right to force News Corp.'s Fox Broadcasting Co. unit to buy his 49.5 percent stake in Fox Family Worldwide, his so-called put option. The deal does not have a value yet, although Saban has valued it at $6 billion. Fox Family will let the bankers it hired calculate a valuation.
SBC pays hefty fine
December 21, 2000 7:00 pm | by Karen Kessler-Tanaka | CommentsSan Antonio-based baby bell SBC paid the FCC $6.1 million for sub-standard performance in opening and maintaining its phone lines and service for competition. Companies that compete with SBC in the Midwest have run into the same problems with long waits for phone lines and repairs that have plagued consumers.
3Com beats the street, plans spin-off
December 21, 2000 7:00 pm | by Karen Kessler-Tanaka | Comments3Com did better than expected with its earnings losses and plans a spin-off as well. Excluding one-time costs, 3Com announced a second-quarter loss of $52.4 million, or 15 cents a share, on revenue of $789.5 million. The revenue includes $22.8 million the company earned from businesses it recently exited.
Speaking of "put"
December 21, 2000 7:00 pm | by Karen Kessler-Tanaka | CommentsFox Family CEO Haim Saban says that he this week exercised a contractual right to force News Corp.'s Fox Broadcasting Co. unit to buy his 49.5 percent stake in Fox Family Worldwide, his so-called put option. The deal does not have a value yet, although Saban has valued it at $6 billion. Fox Family will let the bankers it hired calculate a valuation.
Merry Christmas…not
December 20, 2000 7:00 pm | by Karen Kessler-Tanaka | CommentsRCN gets the award for crummy employee Christmas gifts. The cable system overbuilder handed out pink slips to 70 people just before the holidays when it revealed that it would scale back its operations, a company spokeswoman said. RCN says the reason for the pink slips is its capital is drying up. RCN was focused on an aggressive and successful agenda of overbuilding existing cable systems with...
Lucent sees dismal first quarter as well
December 20, 2000 7:00 pm | by Karen Kessler-Tanaka | CommentsLucent's fiscal woes are carrying over from fourth quarter, the company says. Weak industry conditions will cause its fiscal first quarter loss to be much wider than expected, and the company is taking steps to halt the losses. The earnings warning is just another of many during this current slump in the telecommunications sector that is affecting everyone from long-distance companies to wirele...
Qwest is the silver lining
December 20, 2000 7:00 pm | by Karen Kessler-Tanaka | CommentsQwest is managing to buck the depressing downturn of fiscal losses, disappearing venture capital and employee layoffs. The Internet communications company says it expects earnings for its fourth quarter and all of 2000 to at least meet, if not top, estimates. Qwest says strong product demand and revenue growth in its DSL and wireless sectors are partially responsible for the company's strong pe...
MSO Cable One not goofy over price hikes
December 20, 2000 7:00 pm | by Karen Kessler-Tanaka | CommentsFinding Disney's latest price hikes a bit daffy, Cable One is threatening to drop the Disney Channel in Ohio communities unless The Walt Disney Co. lowers its financial demands. Cable One, which is owned by The Washington Post, says it offered to continue carriage of the Disney Channel if Disney moderated price hikes for the network and ESPN in the future, but Disney refused.
Merry Christmas…not(2)
December 20, 2000 7:00 pm | by Karen Kessler-Tanaka | CommentsRCN gets the award for crummy employee Christmas gifts. The cable system overbuilder handed out pink slips to 70 people just before the holidays when it revealed that it would scale back its operations, a company spokeswoman said. RCN says the reason for the pink slips is its capital is drying up. RCN was focused on an aggressive and successful agenda of overbuilding existing cable systems with...
Get your VOD from Blockbuster - at home
December 19, 2000 7:00 pm | by Karen Kessler-Tanaka | CommentsNow playing in select cities: "Video-on-Demand," brought to you by Blockbuster and Enron Broadband Services. Couch potatoes and movie buffs in Seattle, Portland, Ore. and Salt Lake City will be the first broadband subscribers to rent movies directly from their televisions using the new on-demand service.
