Former Microsoft CEO Steve Ballmer is stepping down from the company's board, closing a chapter on 34 years with the software giant. Ballmer says he plans to devote more time to his ownership of the Los Angeles Clippers, civic contributions, study and teaching business at Stanford in the fall and USC next spring.
Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit. And CEO Larry Page is determined to push even further. Although Page has been taking risks since he co-founded Google with Sergey Brin 1998, the stakes probably wouldn't be as high if not for the company's pivotal IPO on Aug. 19, 2004.
Canby Telecom is deploying Adtran’s fiber-to-the-home (FTTH) portfolio, including the vendor’s multiservice access node, the Total Access 5004. Versions of that system can be used to converge POTS, ADSL2+, VDSL2, GPON and other networking technologies.
Former Vice President Al Gore is suing Al Jazeera America, saying the news network is withholding tens of millions of dollars that it owes for buying Current TV from him and other shareholders for $500 million last year. David Boies, Gore's attorney, said in a statement that Al Jazeera America "wants to give itself a discount on the purchase price that was agreed to nearly two years ago."
Thanks to a surge in spending by Internet content providers in North America, optical spending surged an estimated $40 million in the second quarter of this year. According to a recent report by Infonetics Research, Internet content providers, such as Google, helped generate a wave of spending that benefited Adva, BTI and Infinera.
Samsung Electronics has purchased SmartThings, a start-up that makes a residential hub for connecting smart home appliances, along with small line of such products. Neither company revealed a purchase price. Several media outlets put the tag at about $200 million.
Billionaire Warren Buffett's company has revealed a new stake in Charter Communications Inc. and made several other tweaks to its $108 billion U.S. stock portfolio. Berkshire said it owned 2.3 million shares of cable television provider Charter, which is based in Stamford, Connecticut, at the end of June.
Led by former Charter Communications executive Ted Schremp, SmartHome Ventures has tossed its hat into the home automation arena. SmartHome Ventures, which was founded last year, is seeking to standout from the rest of the crowded home automation field by offering a low-cost platform that customers can purchase in retail outlets prior to doing self-installs.
Cisco said Wednesday that it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring. The company, which makes routers, switches and software, said the layoffs will affect workers in operations around the world.
Comcast and NBCUniversal have hired 3,000 veterans since January of 2012 as part their ongoing partnership with the U.S. Chamber of Commerce Foundation’s “Hiring Our Heroes” initiative. NBCUniversal and Comcast’s goal was to hire 2,000 veterans through the program by 2015.
Apple primarily relies on white and Asian men for its top-paying technology jobs, feeding the perception that Silicon Valley's economic boom is largely excluding women, blacks and Hispanics. A breakdown released Tuesday by Apple Inc. showed 54 percent of the company's technology jobs in the U.S. are filled by whites and another 23 percent by Asians.
Amazon today announced a new point of sale (POS) solution that will provide the company with an inroad to brick and mortar retailers. Called Amazon Local Register, the payment solution consists of a secure card reader and mobile app that will allow local businesses to accept credit and debit cards from a smartphone or tablet and keep track of their business.
In Perspective: I am here to ask for the curtailment – if not the total cessation – of a particularly pernicious practice that has taken over the public relations industry in the last three years. It’s leading in the lede, like so: “TecTronTelVision, a leader in blah blah blah…”
Memory Lane: The long warfare between the cable and broadcast television industries obscures a fundamental consensus. Cable providers have always embraced a mainstay of the broadcasting world: the concept of a TV “channel.”
Engineering-Wise: Lindsay Johnston joined us earlier this year as SVP, operations. She’s taken on a variety of responsibilities – our new Corporate Alliance Program (CAP), SCTE organizational leadership and industry ambassadorship, among others – with a gusto that gets results.
Ciciora's Corner: What’s really impressive to me is how fortunate we are to be living at this time. A mere couple of hundred years ago, we’d almost all be farmers coming from a long line of farmers (with a very few of us being nobility, living off of the hard work of the farmers).
Christine Driessen, executive vice president and chief financial officer, ESPN, was named by WICT as its 2014 Woman of the Year. Jennifer Mirgorod of Turner Broadcasting System and Deborah Picciolo of Time Warner Cable are the organization's two Women To Watch.
Spearheaded by Comcast’s John Schanz and other industry thought leaders, the Society of Cable Telecommunications Engineers (SCTE) will provide more details on its recently announced Energy 2020 initiative at Cable-Tec Expo next month in Denver. Schanz, chief network officer and executive vice president of Comcast Cable, will speak about the cable industry’s new collaborative energy program that was first announced in June.
Two Senators have floated an idea for fixing the retransmission consent mess; they are proposing a la carte for broadcast stations. The idea would be that broadcasters who charge too much might find themselves losing viewers and therefore money.
A federal judge has decided a $324.5 million settlement isn't enough to cover the damages done to more than 60,000 high-tech workers in a class-action lawsuit alleging Google and Apple conspired with other technology companies to block their top employees from getting better job offers. The ruling Friday by U.S. District Judge Lucy Koh scotches a settlement reached in April, prolonging a 3-year-old case.
The MSO has embarked on a three-year program to accelerate Internet service rates. It plans to increase the rate of its Flagship 15 Mbps tier to 200 Mbps, and its top Billboard 107 Mbps tier to 1 Gbps. The company anticipates expanding its capex by $230 million.
AMC Networks Inc. on Thursday reported earnings that decreased by 57 percent in its second quarter, but beat analysts' expectations. The New York-based company said net income fell to $58.7 million, or 81 cents per share, from $135.7 million, or $1.87 per share, in the same quarter one year earlier.
Comcast has signed on as a client of San Francisco-based Doctor On Demand in order to provide its employees video visits with the healthcare service’s doctors. Comcast plans on integrating Doctor On Demand into its health and wellness offerings and will, for certain plans, fully subsidize employees’ video visits with Doctor On Demand physicians
Twenty-First Century Fox Inc. executives said Wednesday that the company won't try to buy any other big content companies, a day after it called off its pursuit of rival media giant Time Warner Inc. Fox Chief Operating Officer Chase Carey said on a conference call with analysts that "we have no plans to pursue any other third-party content company as an alternative to Time Warner."
Brightstar CEO Marcelo Claure will take over as President and CEO at Sprint. Claure founded Brightstar, a wireless distribution company, and earlier this year sold a majority stake to SoftBank for $1.26 billion. After the sale he joined the board at Sprint, also owned by SoftBank.