So Morgan Stanley Dean Witter & Co. took Lucent up on those 90 million shares, after all. The underwriter of Lucent's tortured IPO of its spinoff, Agere, was allowed the option under the agreement. The stock is payment for $519 million of Lucent's short-term debt. And while Agere shares are some of NYSE's most active, according to Reuters, with more than 40 million trading, the price per sh...
Bad news for NorthPoint Communications Group Inc. The California Public Utilities Commission told the bankrupt DSL provider that no, it couldn't shut down its service without 30 days' notice to its customers. The injunction applies only to NorthPoint's California customers — or 40 percent of its total customers.
It's kind of like when someone wins the Powerball, and it's not you. Despite daily, nearly hourly, reports of warnings, lowered expectations and layoffs, San Jose upstart Pacific Broadband Communications landed $50 million in Series B financing from some of the industry's top names. The funding will be used to take the company's product to market.
It's not disloyal. Liberate just finished the test first and didn't antagonize the test-giver. United Pan-Europe Communications NV reportedly has chosen Liberate Technologies' software to go alongside Microsoft's in UPC's 17-country rollout of its digital ITV service. The rollout will start in the Netherlands.
EarthLink and 2Wire have launched EarthLink Home Networking, combining 2Wire's HomePortal 100 and HomePortal 1000 residential gateways and EarthLink's broadband services into a nationally available wired and wireless home networking service, EarthLink reports. The system will allow residents simultaneous use of a variety of Internet, telephony and entertainment applications.
SBC Communications has chosen BroadJump's Virtual Truck Installer to enhance installation of its DSL service. BroadJump also announced that Time Warner is deploying BroadJump's Virtual Truck Qualifier in almost half of its divisions nationwide. Additionally, Sprint has become BroadJump's first wireless customer.
The Portland Trail Blazers announced plans for the summer launch of Action Sports Cable Network (ASCN), a high-definition cable TV sports channel. As a commitment to HDTV, ASCN will build a 53-foot, state-of-the-art HDTV truck, the only one of its kind west of the Mississippi River. Programming on the 24-hour, 365-day sports channel will include 25 to 30 Trail Blazer games, Seahawks pre-season ...
BarcoNet announced it is starting a development program for IP-based products to distribute on-demand entertainment video over an IP backbone. As part of this program, BarcoNet has entered into a Product Development Agreement with Path 1 Network Technologies to develop an IP gateway product. BarcoNet and Path 1 will jointly develop an IP gateway for deployment in a new gigabit Ethernet platform.
Alopa Networks and RiverDelta Networks are partnering to provide MSOs with an open access based self-provisioning solution for DOCSIS 1.1 broadband networks. Alopa and RiverDelta will enable service providers to deploy differentiated services, while allowing consumers to self-activate and customize their own service plans.
Years of development of free space optical technologies are expected to result in a billion dollar market early in 2003, according to a report by Allied Business Intelligence (ABI). After more than a decade of near idle growth, free space optical vendors are readying for an onslaught of demand. The report, "Free Space Optics: Technologies and Opportunities in the Carrier Class Network," says f...
Dense wavelength division multiplexing is now the standard for long-haul fiber optic networks, according to a report by Allied Business Intelligence (ABI). The report, "U.S. and World Markets for DWDM Multiplexers and EDFAs," identifies fast-growing DWDM equipment markets for metro area networks (MANs).
Broadband Gateways expanded its Plano, Texas-based facility last month, after being forced to nearly double its employee base to prepare for an aggressive sales initiative and to meet the growing demand for its EVOLO intelligent premises gateway (IPG). The expansion is part of the company's preparation to roll out the EVOLO system for residential and small business markets.
Equator Technologies has announced the expansion of its MAP-CA family of broadband signal processors. Providing a variety of high-performance chips, the MAP-CA-11, MAP-CA-12, MAP-CA-13 and MAP-CA-14 are designed to support the diverse consumer broadband application processing needs of Equator's expanding customer base and target market segments, both in the U.
Commerce.TV and Adelphia Communications Corp. have reached an agreement to deploy interactive television services to Adelphia's digital cable subscribers. In addition, Adelphia has made an equity investment in Commerce.TV. Adelphia will initially deploy Commerce.TV services to digital cable subscribers as part of its standard digital TV package by the end of 2001.
Sigma Systems Group will provide back-office automated provisioning for Terayon's cable modem termination systems and cable modems used by broadband service providers internationally. Sigma's Cable Broadband in a Box software supports flow-through service provisioning and activation for high-speed Internet, interactive TV services, video-on-demand and voice services.