Broadband Briefs for 03/16/09
• Cedar Point adds pro services to portfolio
By Brian Santo
Cedar Point Communications is bundling its Safari C3 with professional services to aid in different migration scenarios.
The company’s aim is to make it easier for potential customers to migrate from TDM, or from VoIP switches that are nearing technology obsolescence, to an IP Multimedia Subsystem (IMS)-compatible architecture, all without service disruption. Cedar Point is bundling the Safari C3 with professional services that include network analysis, design and planning.
“I have been responsible for the architecture, design and management of the Cedar Point Safari C3 in a service provider network,” said Wayne Davis, Vyyo’s CEO and a member of Cedar Point Communications’ technical advisory board. “Cedar Point has demonstrated its ability to provide a cost-effective and technically superior platform for VoIP switch migrations. They bring considerable operational experience to bear on network migration issues.”
• OpenTV hires independent financial advisor
By Traci Patterson
OpenTV Corp.’s Special Committee of its board of directors has appointed UBS Securities LLC as its independent financial advisor in connection with the proposal that OpenTV received in February – a non-binding one from Kudelski to acquire all of the Class A ordinary shares of the company that are not currently owned by Kudelski or its affiliates (story here ).
The Special Committee has retained Covington & Burling LLP to serve as its independent legal counsel.
“There can be no assurance that an agreement on terms satisfactory to the Special Committee will result from its evaluation or negotiation of the proposal from Kudelski, or that any transaction recommended by the Special Committee will be completed,” the company stated.
• Former Qwest CEO loses bid to dismiss SEC claims
By The Associated Press
DENVER (AP) – A judge has denied motions by former executives at Qwest Communications to dismiss civil fraud claims made by the Securities and Exchange Commission. The SEC alleges that five former employees of the Denver-based telecom company artificially inflated Qwest's share price by misrepresenting one-time "IRU" sales as recurring revenue.
Former Qwest CEO Joseph Nacchio and former CFO Robert Woodruff have argued that classified information would show that the U.S. intelligence community's demand for Qwest IRUs was robust, but that the government has invoked the state-secrets privilege in refusing to disclose the information, thereby hampering their defense.
U.S. District Judge Marcia Krieger said in a ruling made available Friday that the defendants don't need to broach the subject of classified IRUs in their defense.