Broadcom Corp. reported a net loss of 1.6 billion, or $6.36 a share, on net revenue of $213.6 million in its third quarter. The company's net loss was $14.1 million, or 6 cents a share, on net revenue of $319.2 million a year ago. The losses don't include one-time restructuring charges of $16 million and other costs of streamlining operations, it says.
Scientific-Atlanta announced yesterday that business is down, but the company has stayed profitable. In its first-quarter results, S-A says it will restructure, and cut 750 jobs and consolide certain operations. "The company experienced a decline in sales and bookings this quarter," S-A President and CEO James McDonald said in a conference call.
Scientific-Atlanta signed three major set-top deals on the heels of releasing its first-quarter results and announcing that it would cut 750 jobs worldwide. Time Warner Cable committed to purchase 625,000 Explorer digital set-top boxes, including a deal involving 100,000 Explorer 8000 units the two announced earlier this year.
WideOpenWest went out on a limb and launched a voice service over broadband via a joint deal with Gemini Voice Solutions. The long-distance broadband telephone service, WideOpenTelephone, will deploy with WOW's rollout of broadband Internet and digital cable TV service to Denver metro markets. "We don't view it that way," says WOW spokesman Mike Steinkirchner of the risky technology.
An Eastern District of Missouri court judge granted a preliminary injunction late Tuesday that requires SBC Communications to pull digital-subscriber-line advertising in St. Louis, Mo. The ruling comes in the wake of a lawsuit filed by Charter Communications Inc. on Aug. 28, claiming the basic premise of the newspaper ads, TV and radio spots and SBC's comments on its own Web site were misleadin...
EarthLink Inc. has launched on two more Time Warner Cable systems and announced its intent to acquire Cidco Inc., a supplier of Internet products and services, for $5 million. EarthLink's launch in TWC's Western Ohio unit will take its services to TWC's 420,000 customers in the area. A similar launch in Albany, N.
Time Warner Cable third-quarter revenue grew 17 percent, and subscription revenue jumped 15 percent, but its parent reported a $996 million net loss, the company says. The company's cable unit reached $1.8 billion in actual revenue during the last three months, compared with pro forma results of $1.5 billion for the same period a year ago.
• Despite a short-term decrease in its spending rate, the telecom OSS service assurance software market will reach $3 billion in 2001, and $5.3 billion in 2004, a study says. According to Telecom OS: Service Assurance Forecast from RHK, fault and service management has one-third of the revenue for that market, but the fastest-growing segment is service control and security.
Comcast Cable Communications Inc. and ExciteAtHome agreed to let Comcast continue deploying Internet service to new customers via Excite. Comcast also finished its Harrisburg and Hershey, Pa., fiber optic upgrades, and named a new director of government affairs. Comcast spokeswoman Jenni Moyer would not comment on the Excite agreement or how it came about.
Com21 Inc.'s recently landed grant from the European Union panned out into the company's new flagship modem, slated for an Oct. 16 debut at the BCE 2001 show. The ComPORT 1080 is part of the company's ComUNITY line, and features USB connectivity and 10-Base-T support. It also expands the upstream frequency range of the line to 5 MHz to 65 MHz, or a 75 percent increase, Com21 says.
Motorola completed its roughly $300 million stock acquisition of RiverDelta Networks that it announced in July. The company also will partner with OpenTV on Multimedia Home Platform products in the European market. The merger could result in job cuts. "We are evaluating possible redundancies between the two organizations," says Motorola spokeswoman Jeanne Russo.
Fiber-to-the-home systems will reach 2.65 million American homes by 2006 and fiber-to-the-curb systems, 1.9 million more in the same time frame, a study says. By the end of this year, FTTH will reach 89,000 homes, and FTTC, 915,000. Residential Broadband Access in the United States: Fiber-to-the-Curb and Fiber-to-the-Home by KMI Corp.
AOL Time Warner Inc. named three new execs in its cable division and ousted its president after two months on the job. The company says the new organizational structure, of which the new appointments are part, will hasten its marketing of two-way digital services. The company appointed John Billock new vice chair and COO, after a stint as president of HBO's U.
The industry's seen fiber optic cable go the last mile via sewer lines — but gas lines? Sempra Fiber Links says it just finished stringing fiber optic line through a one-mile span in the North Carolina service territory of Frontier Energy. But its claims that the North Carolina Utilities Commission attested to the technology's safety aren't true, a NCUC spokesman says.
Williams Communications will buy all substantial assets of iBEAM Broadcasting Corp. for $25 million in cash, it says, even as iBEAM filed for Chapter 11 bankruptcy in Delaware yesterday. Under the deal, Williams will lend up to $18 million to iBEAM to keep it running until the deal closes, says Williams spokesman Jeff Pounds.