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Broadband Direct

Daily news and top headlines for broadband communications engineering and design professionals

Scientific-Atlanta marks 6 M milestone

April 22, 2001 8:00 pm | by Anne Kerven | Comments

Scientific-Atlanta just shipped its six millionth Explorer advanced digital set-top box. The recipient: S-A's long-time partner Time-Warner Communications in Orlando. S-A sent the Explorer 2100 to TWC to commemorate the cable company's decade of work in ITV. The first interactive TV trial in Orlando eight years ago led to today's burgeoning market, S-A says.

Broadband boosters cite a slew of studies

April 22, 2001 8:00 pm | by Anne Kerven | Comments

So how do you want your broadband stats? South Korea reportedly leads in the world broadband Internet connections, according to a study by the Organization for Economic Cooperation and Development. The country's 10 connections per 100 people beat four per 100 in Canada and three per in the united States.

Cisco sued by shareholders

April 22, 2001 8:00 pm | by Anne Kerven | Comments

On the heels of its third-quarter warning last week, Cisco Systems got word its shareholders had filed a class action lawsuit. The lawsuit, filed in the U.S. District Court for the Northern District of California, alleges Cisco manipulated customers by financing them, but made it contingent upon buying large amounts of Cisco products.

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Lucent: Optical unit finally for sale?

April 19, 2001 8:00 pm | by Anne Kerven | Comments

Not that it's such a surprise, but Lucent Technologies reportedly has received five bids for its optical fiber unit. The sale could bring up to $6 billion for the cash-strapped Lucent. Citing unnamed sources close to the issue, both The Wall Street Journal and The New York Times report that Alcatel SA, Pirelli SpA, Furukawa Electric Co.

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Nortel losses increase; 5,000 more jobs cut

April 19, 2001 8:00 pm | by Anne Kerven | Comments

Citing tighter capital markets and an overall economic slowdown, Nortel Networks Corp.'s losses grew to $2.58 billion for first-quarter from $730 million same time last year. It also will cut 5,000 more jobs by mid-year, for a total of 20,000 since Dec. 31. Revenues were $6.18 billion for the quarter, down from $6.

Convergent files Chapter 11

April 19, 2001 8:00 pm | by Anne Kerven | Comments

Following through on its warning earlier this week, Convergent Communications Inc. filed Chapter 11 bankruptcy yesterday along with its subsidiary, Convergent Communications Services Inc. In a statement on its home page, Convergent elaborated: "In light of the constrictive capital markets and the company's inability to raise required financing, (Convergent) filed a voluntary petition for protec...

Study: Metro network spending to grow $17.2B

April 19, 2001 8:00 pm | by Anne Kerven | Comments

Amid the generally depressing industry results during this financial week, a study offers a beacon of hope to foundering network equipment makers — or at least, some of them. Metro Networks: The New Hotspot, from Infonetics Research, says the metro network market is hopping and will only grow stronger.

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Tektronix/Telogy team on product buyback

April 19, 2001 8:00 pm | by Anne Kerven | Comments

Tektronix Inc. has partnered with Telogy Inc. on an instrumentation trade-in program. Under the deal, Tektronix customers can trade in used test instrumentation when they purchase the company's new equipment. Telogy purchases and manages the used trade-in assets, and refurbishes and resells the equipment.

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Gartner poses telecom policy to President

April 18, 2001 8:00 pm | by Anne Kerven | Comments

Regulate or rely on market forces? It's telecom's turn to look at the question and Gartner Inc.'s Dataquest Inc. analysts just released their two cents' worth. The research group called on President Bush to consider a market approach to policy. While spectrum auctions bring in billions of dollars, which come from carriers and consumers and go to programs, Dataquest says, the funds could be bett...

AOL Time Warner issues first-ever results

April 18, 2001 8:00 pm | by Anne Kerven | Comments

Ted Turner reportedly appears to be aging and blue these days after his alleged ousting from his foundling Time-Warner, which merged with AOL last year. Now add to that angst AOL Time Warner's strong first-quarter results. Despite a first-quarter loss that included merger expenses and $620 million in a pretax non-cash charge for a reduction in carrying values of its investment portfolio, that l...

Winstar sues Lucent for $10 B; files bankruptcy

April 17, 2001 8:00 pm | by Anne Kerven | Comments

A day after it defaulted on senior debt, fended off talk of a $600 million debt to Lucent, and considered bankruptcy, Winstar Communications Inc. filed a $10 billion lawsuit against Lucent Technologies for breach of contract. It also filed for bankruptcy. The lawsuit, filed in U.S. Bankruptcy Court for the District of Delaware, alleges Lucent breached its strategic partnership agreement with Wi...

Tektronix acquires Adherent

April 17, 2001 8:00 pm | by Anne Kerven | Comments

Tektronix Inc. announced today that it acquired Adherent Systems Ltd. for an undisclosed amount. Adherent will be combined with the Tektronix video business to provide solutions allowing the broadcast, telecom and computer industries to deploy MPEG technology for storage and transmission of video over broadband networks, including the Internet, Tektronix reports.

Grande launches Liberate platform in Texas

April 17, 2001 8:00 pm | by Anne Kerven | Comments

Austin-based Grande Communications will use Liberate TV Platform software from Liberate Technologies on its interactive services in central Texas. Grande is building a ground-up, deep fiber broadband network that provides bundled, high-speed Internet access, local and long-distance phone, and cable TV services to Austin, San Antonio and Houston.

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Motorola/Conexant team on cable chips

April 17, 2001 8:00 pm | by Anne Kerven | Comments

Motorola Inc. apparently is covering all its bases. The broadband equipment maker signed an agreement with Conexant Systems Inc., where Conexant will be a second source for standard cable modem chipsets to Motorola's broadband communications and semiconductor divisions. First supplier is and remains Broadcom Corp.

Cisco issues a warning for third quarter

April 16, 2001 8:00 pm | by Anne Kerven | Comments

If market cap is any gauge, a mere year ago, Cisco Systems was a titan, blowing bigger stock market stalwarts out of the water. Its history was notable — in only a decade, it grew from a startup to a company whose routers are ubiquitous in the Internet. Until yesterday, that is, when the network equipment maker issued a warning on its third-quarter revenue and profit, citing continued glo...

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