Copyright 2002 The Deal L.L.C. The Daily Deal…08/16/2002 From LexisNexis How far have valuations of optical component companies fallen in two years? After turning down an offer of $100 billion in stock from Corning Inc. in 2000 for its optical components business, Nortel Networks Inc. today seems unable to offload the unit for as much as $50 million.
Less than a year after snatching up the broadband wireless assets from bankrupt Metricom Inc. for fire sale prices, Ricochet Networks Inc. has re-launched the service in Denver. RNI, which is owned by parent company Aerie Networks, purchased the assets in Nov. 2001 for $8.25 million with the intention of reviving the service.
Roughly 400 Scientific-Atlanta Inc. employees will receive their walking papers, as the set-top box maker looks to trim costs. The 6 percent reduction in its work force will translate to an annual $40 million savings, beginning in the second half of fiscal 2003, S-A said. The company will take a one-time charge of $15 million, or 6 cents a share, in the first half of the year, with the lion's s...
Charter Communications Inc. has joined the growing list of companies in the telecom sector to raise the eyebrows of federal authorities since Enron Corp. collapsed and Adelphia Communications Corp. filed for bankruptcy. The MSO has received a grand jury subpoena from the U.S. District Attorney's Office for the Eastern District of Missouri requesting documents related to its customers and accoun...
The majority of surfers in Hong Kong are hanging ten on the Web via a high-speed connection, one analysis says. Hong Kong is leading the race, with 66 percent of households connecting to the Internet via a high-speed phone line or cable modem, according to the Nielsen/NetRatings Second Quarter 2002 Global Internet Trends report.
Despite the lagging economy, AM Communications Inc. and ARESCOM managed to post positive revenue results. For the first quarter 2003, AM reported a 142 percent year-over-year jump in revenue, up from $4 million in Q1 2002 to $9.7 million. During the quarter, the company recorded a net loss of $172,000 million, and took a $325,000 charged related to Adelphia Communications Corp.
Copyright 2002 M2 Communications Ltd. TELECOMWORLDWIRE…08/16/2002 From LexisNexis A new web site has been launched by wireless technology company QUALCOMM Inc. that is aimed at showcasing 3G wireless technologies. The 3G Today web site focuses on code division multiple access (CDMA) wireless technologies.
For months now, High Speed Access Corp. has been seen by many as a shell of a company. Yesterday, the once "turn-key" provider of cable ISP services decided to liquidate and dissolve. The company's board of directors unanimously approved the liquidation plan, HSA said. The plan soon will be submitted to HSA shareholders for approval.
Cox Communications Inc. has peeled back the barriers and opened its digital channels to local advertisers in Orange County, Calif. Cox can insert local advertising into as many as six digital channels using the ANSI/SCTE 35 2001 cueing standard for digital ad insertion developed by the Society of Cable Telecommunications Engineers.
Ready, set, interactive. WorldGate Communications Inc. has introduced Go!TV Links to make every program across all channels instantly interactive. Go!TV Links content can encompass series descriptions, episode synopsis, cast lists, bios, viewer ratings, broadcast schedules and ratings. Users also can access program and network-related Web links and television trivia.
The Street was frowning on Terayon Communications Systems Inc. in mid-morning trading action, following news that the broadband networking gear provider plans to slash 25 percent of its work force. Citing the ongoing downturn in the telecom sector, Terayon said it plans to reduce its headcount by 165, or 25 percent.
Copyright 2002 Gannett Company, Inc. USA TODAY…08/15/2002 From LexisNexis SAN FRANCISCO — Technology employment, expected to be growing by now, is failing to do so — further hampering the already weak economic recovery. More than 243,000 jobs have been cut this year in telecom, computers and e-commerce, says outplacement firm Challenger Gray & Christmas.
Copyright 2002 M2 Communications Ltd. INTERNET BUSINESS NEWS…08/14/2002 From LexisNexis A new scheme is being trialed by BT, a UK telecom company, that could allow small towns to get broadband Internet access. The new broadband-in-a-box service delivers broadband over existing cable instead of the new fiber technology used in conventional broadband services.
Looking to beef up its DSL service package, BellSouth Corp. has teamed with RealNetworks Inc. to deliver streaming audio and video content from the likes of NASCAR.com, FOXSports and "Big Brother 3" to customers' desktops. BellSouth FastAccess DSL subscribers can try out RealNetworks' RealOne SuperPass subscription-based streaming service for 14 days, free of charge.
The industry is full of movers and shakers. The latest: Executives are set to depart AT&T Broadband; Comcast taps Reardon; and Motorola names a PCS president. Schleyer, Cooper to depart AT&T Broadband The merger of AT&T Broadband and Comcast Corp. is expected to be completed this fall, but when it happens AT&T Broadband executives Bill Schleyer and Ron Cooper will not be coming ...