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More Q2 news …(2)
July 18, 2001 8:00 pm | by Anne Kerven | CommentsBroadcom Corp. reported net losses of $41.1 million, or 16 cents a share, excluding nonrecurring charges and certain expenses, compared with a $61.1 million net gain a year ago. Net revenue fell 14 percent to $210.9 million. The results meet the company's revised expectations it announced last month, says President and CEO Henry T.
More Q2 financial news …(2)
July 17, 2001 8:00 pm | by Anne Kerven | CommentsTellabs reported a loss of $174 million, or 43 cents a share, including restructuring and other charges of $262 million. The company showed a gain of $157.1 million, or 38 cents a share, a year ago. Revenue fell to $516 million — still higher than last month's projected $500 million, but lower than the $801 million of a year ago.
Broadcom touts new chip line
July 17, 2001 8:00 pm | by Anne Kerven | CommentsBroadcom Corp. just launched its BCM1250, the first product in its SiByte line of processors. The low-power, highly integrated processor line targets the Internet infrastructure market, Broadcom says. The product integrates two 64-bit CPUs, a high-speed memory subsystem, and I/O peripherals onto a 60 million transistor silicon chip, the company says.
More Q2 financial news …
July 17, 2001 8:00 pm | by Anne Kerven | CommentsTellabs reported a loss of $174 million, or 43 cents a share, including restructuring and other charges of $262 million. The company showed a gain of $157.1 million, or 38 cents a share, a year ago. Revenue fell to $516 million — still higher than last month's projected $500 million, but lower than the $801 million of a year ago.
Charter/DIVA update deals, expect four more markets
July 17, 2001 8:00 pm | by Anne Kerven | CommentsCharter Communications Inc. and DIVA are getting around to the contract part of all the work they've been doing. The expanded deal covers the 1.7 million customers the two intend to serve by the end of the year. The original deal covered deploying DIVA's VOD capability on Charter's systems in the first two markets in May 2000: one each in Los Angeles and Gwinnett County, Ga.
AOLTW sees $734 M net loss in Q2, subs up
July 17, 2001 8:00 pm | by Anne Kerven | CommentsAOL Time Warner reported a second-quarter net loss of $734 million, or 17 cents a share, but Time Warner Cable's revenue reached $1.7 billion, and subscription revenue, $1.6 billion. AOLTW cites a 10 percent increase in subscription revenue for its overall 3 percent revenue increase over a year ago. The company says TWC ended the quarter with 12.
Cabletron parts out GNTS unit
July 16, 2001 8:00 pm | by Anne Kerven | CommentsA week after re-outlining its spinoff plans, Cabletron will part out its GlobalNetwork Technology Services unit, and cut an unspecified number of jobs. GNTS was Cabletron's network infrastructure consulting unit. Its outsourcing operations and parts of its operational and installation services will be sold to a private buyout firm with a group of present GNTS management.
Study: broadband way behind $500 B potential
July 16, 2001 8:00 pm | by Anne Kerven | CommentsGet the lead out, broadband. There's an untapped $500 billion shot in the economic arm that's just going to sit there until you hike that 8 percent penetration to at least 50 percent. Or better yet, a study says, shoot for 94 percent — the same percentage of American households with phone service.
Cox cops an attitude in touting DSL package
July 16, 2001 8:00 pm | by Anne Kerven | CommentsCox Business Services is taking on an edgy sector of dumped DSL customers by launching Cox Business Internet, a three-tiered DSL package. The promo pulls no punches: "Nothing ruins a perfectly good Internet connection like a provider that goes belly up," it says in its materials, which also promise "Faster Internet access.
Celox lands $80 M in third round
July 16, 2001 8:00 pm | by Anne Kerven | CommentsCelox Networks closed an $80 million third round of financing, led by Putnam Investments and Firsthand Capital Management Inc. The round brings the IP service company to a total $155 million since January 1999. Celox says the round will fund ongoing product development and "ramp up" production of the company's Celox SCx 192, a switch designed to let carriers, ILECs, ISPs, cable operators and ot...
Techie treatment takes a turn for the worse
July 15, 2001 8:00 pm | by Anne Kerven | CommentsA mere year ago, tech companies were touting new and sometimes over-the-top perks, hoping to lure the high-demand tech worker. But the kid gloves come off during layoffs, it appears. Techies.com polled 700 tech workers from entry-level to top management positions. One-third said their layoffs were a complete surprise and one-fourth said they'd been waiting for the news.
General Bandwidth lands $66 M in VC funds
July 15, 2001 8:00 pm | by Anne Kerven | CommentsJust when high-tech VC funds seem a nice historical footnote, another big deal goes down to pull it out of the archives. General Bandwidth Inc. picked up $66 million in a fourth round of funding, led by mutual funds firm Invesco. The round brings the company's total VC financing to nearly $150 million since 1999.
Alcatel signs $100 M network contract
July 15, 2001 8:00 pm | by Anne Kerven | CommentsAlcatel landed a $100 million contract to upgrade the Southern Cross Cable Network, inking Australasia with the United States. Paris-based Alcatel has supplied the network since late last year, including providing undersea electronics, and cable and terminal equipment for the landing stations. The two-phase upgrade involved first adding 50 Gbps to the present total network capacity of 80 Gbps.
N2 finalizes agreements with Warner Bros./In Demand
July 15, 2001 8:00 pm | by Anne Kerven | CommentsN2 Broadband reports that Warner Bros. Technical Operations and In Demand will use its MediaPath system in their VOD services. The Warner Bros. agreement seals a deal the two made for technical operations to purchase MediaPath, which N2 says it is already using to deliver VOD and DVD to its licensees.
EarthLink to launch over two AOLTW systems
July 15, 2001 8:00 pm | by Anne Kerven | CommentsAOL Time Warner Cable will step up its multiple-ISP program as EarthLink launches service via AOLTW's Columbus, Ohio, and Syracuse, N.Y., systems in September. The deal is part of AOLTW's merger agreement that says it will open its cable systems in each region to two or more competitors. The U.S. Federal Trade Commission must approve new ISPs within 90 days, the petition says.
