Copyright 2003 The Deal L.L.C. The Daily Deal...02/07/2003 There are fresh signs a telecom deal may be imminent, as Broadwing Inc. disclosed late Thursday that its chief executive Kevin Mooney and other officers will receive bonuses if a sale of its broadband unit is completed. A Securities and Exchange Commission filing by the company stated that Mooney, chief financial officer Thomas Schillin...
Corning Inc. told investors in New York Friday that the fiber company expects to be profitable in the third quarter of 2003, despite anticipated weak performance at its telecommunications division. Corning said it expects to generate Q1 revenues of between $700 million to $730 million, and post a net loss in the range of 1 cent to 4 cents per share.
Comcast SportsNet has rolled out a 53-foot long HDTV mobile production facility that will cover local sporting events in Philadelphia, Baltimore and Washington, DC. The facility, built by Sony Electronics' Integration Center in San Jose, will aid Comcast SportsNet in the production this year of 200 live games in all their high-definition glory.
Alcatel has inked a $30 million deal to acquire iMagicTV, a move that will shore up Alcatel's position in the video-over-DSL sector. Alcatel presently holds a 16 percent stake in iMagicTV, and has collaborated with the company on several video-over-DSL deployments. The deal calls for Alcatel to pay $1.
Rainmaker Technologies Inc. has changed its name to Broadband Physics Inc. and appointed Mark Laubach to president and CEO. Laubach replaces Dr. Paul Chin. Broadband Physics did not give a reason for Chin's departure. Company officials were not immediately available for further comment. Laubach, a Com21 Inc.
Texas Instruments formally unveiled the TNET C4401, a single-chip cable modem platform based on the advanced DOCSIS 2.0 specification. Staying true to the 2.0 specification, which bolster's cable's upstream pipe and mitigates noise, TI's new platform supports two advanced physical layer schemes: S-CDMA (synchronous-code division multiple access) and A-TDMA (advanced-time division multiple access).
Charter Communications Inc. is offering high-definition television services to cable customers in Fort Worth and in some Dallas suburbs. The launch marks the first rollout of Mark Cuban's HDNet service on a cable system. Customers who sign up for the service there must purchase a Scientific-Atlanta Inc.
Thanks to collapsing unit prices, worldwide revenues from broadband modems and gateways dropped 11 percent in 2002, Strategy Analytics revealed in a new report. Despite the revenue slip, sales of the equipment actually increased by 52 percent to 26.3 million units. Further ahead, broadband modem sales will grow to 60 million units by 2008, an average growth rate of 15 percent, the firm predicted.
Motorola Inc. said it remains undaunted in its efforts to buy the remaining shares of Next Level Communications it does not own, despite the fact that the Next Level board said it had determined earlier this week that Motorola's unsolicited tender offer was "inadequate." Motorola reiterated that it does not require the Next Level board to approve the tender offer, and that it believes its offer...
Copyright 2003 Knight Ridder/Tribune Business News Copyright 2003 Pittsburgh Post - Gazette Pittsburgh Post - Gazette...02/05/2003 Cable TV operator Adelphia Communications is hoping that people tired of watching movies and other shows on a set schedule will fork over a few extra bucks for the convenience of its new video-on-demand service.
Copyright 2003 Gannett Company, Inc. USA TODAY...02/05/2003 Rural America, starved for high-speed Internet access, is getting more help to get more wired. Rural communities didn't get much of the billions invested in high-speed Internet networks during the telecom boom. That's because such networks are costly, and companies stand a better chance of making money from them in more populated areas.
Net2Phone Inc. said it will offer VoIP services to business and residential customers in South Korea via a newly formed partnership with ISP HansoliGlobe. Under terms of the deal, HansoliGlobe with integrate Net2Phone's VoIP platform with the ISP's menu of data services. HansoliGlobe offers narrowband and broadband services in South Korea.
Cox Communications, following a commitment last year to buy DVR-capable Explorer 8000 set-tops from Scientific-Atlanta, is deploying digital video recorder services in Gainesville, Fla. Cox, which is leveraging the box's time-shifting capabilities to gain and retain digital subs, is offering the DVR service for $9.
Bresnan Broadband Holdings LLC said it will buy non-urban systems serving 317,000 basic subs in Montana, Wyoming, Colorado and Utah from Comcast Corp. for roughly $525 million in cash, plus an undisclosed stake in Bresnan. The deal is expected to close by March 31. In addition to Comcast, Bresnan's equity owners include lead investor Providence Equity Partners, and Quadrangle Group, TD Capital ...
The U.S. Secret Service is investigating a bogus e-mail sent last week that tried to lure Comcast Corp. high-speed cable modem users into giving up their account and password information. The e-mail, made to look like an official Comcast service message, referred a small number of customers to a Web site that asked them to enter their e-mail address and password.