Chinese e-commerce powerhouse Alibaba will say "open sesame" to the New York Stock Exchange on Friday, as its shares begin trading in a highly anticipated debut that could raise up to $25 billion. The company priced its initial public offering of stock Thursday evening at $68 per share, the top end of the expected price range, according to Alibaba.
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In Perspective: Defining a problem is common engineering practice, but the approach is hardly limited to engineering. In the communications business, definitions have become weapons. Worse is when companies deliberately obfuscate definitions for competitive advantage.
Other companies including Google Inc. and Facebook Inc. also have tried to preserve control for their founders, often by awarding them a different class of stock with more voting rights. But research suggests such arrangements enrich insiders at the expense of other shareholder.
This morning AT&T announced it would offer businesses a new data tier with symmetrical speeds of up to 300 Mbps initially with future plans to hit 1 Gigabit. With its AT&T Business Fiber offering, AT&T is mirroring the rollout of its residential GigaPower service that launched in Austin late last year with speeds of 300 Mbps before transitioning to 1-Gig this summer.
Faced with dwindling attendance over the past few years and the continued evolution of Internet technologies, the National Cable & Telecommunications Association (NCTA) has pulled the plug on The Cable Show in favor of rebranding it as INTX. INTX, which stands for the Internet and Television Expo, will still be held on The Cable Show’s original schedule of May 5-7 next year in Chicago, but with more of an Internet focus.
The media conglomerate controlled by Rupert Murdoch is joining the fray in Google's protracted European antitrust case, saying the technology company unfairly distorts competition. Robert Thomson, CEO of New York-based News Corp., says in a letter to the EU's antitrust authority that Google is "willing to exploit its dominant market position to stifle competition."
AT&T Network on Demandenables business customers to order, add, or change business services on their own in near real time. The services available will include Internet access, VPNs, and Ethernet. AT&T will offer the service commercially in Austin by the end of this year.
Mediacom Communications, the eighth-largest cable operator in the nation, has promoted Joseph Commisso group vice president, corporate finance. Commisso reports to Mark Stephan, who is the MSO’s executive vice president, chief financial officer and treasurer.
France's Orange has offered 3.4 billion euros ($4.4 billion) to buy the operations of Spanish telecommunications company Jazztel. The deal would make Orange/Jazztel the second largest fixed-line broadband Internet operator in Spain, after market leader Telefonica SA.
Having experienced one financial disappointment after another, Entropic is looking to sell, or in the corporate-speak the company adopted for the purpose, Entropic “announced that its Board of Directors has authorized the evaluation of strategic alternatives to enhance shareholder value.”
After being shut out of broadcasts of the Los Angeles Dodgers’ baseball games this season, Time Warner Cable announced that local fans would be able to watch the final six games on a local TV station. Dodgers fans were frozen out of this season’s broadcasts because other cable, telco and satellite video providers weren’t able to come to terms with Time Warner Cable’s SportsNet LA, which televises Dodgers games.
Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. But the move carries risks, as gamers can be fickle. Although the Lego-like multiplayer game is currently the top paid app for the iPhone and Android devices in the U.S., today's popular hit could be tomorrow's dud.
Microsoft will acquire the maker of the long-running hit game Minecraft for $2.5 billion. The technology company said it will buy Stockholm-based game maker Mojang. Minecraft, which lets users build in and explore a Lego-like virtual multiplayer world, has been downloaded 100 million times on PC alone since its launch in 2009.
Nagra said Dish Network is first customer to deploy its new security system, which hardwires conditional access into set-top chips. The approach should frustrate pirates who infiltrate control word networks, steal control words, then distribute them, enabling anyone to hack into content.
Due to burgeoning sports programming costs, Cable One has added a monthly sports surcharge of $2.94 across its footprint. The surcharge, which will take effect in the next billing cycle, impacts all residential standard cable tier subscribers.
AT&T and Verizon were the top-two corporate capital spenders for non-financial corporations last year, according to a recent report. The Progressive Policy Institute’s study found that AT&T shelled out $20.9 billion last year in domestic capital spending while Verizon was second at $15.4 billion.
Armstrong has signed up for TiVo's cloud-based service, using the Pace MG1 whole-home gateway DVR and Pace MI3 IP STB client and TiVo Stream, as well as TiVo's iOS and Android mobile applications. Armstrong plans on an early 2015 launch of the co-branded products as part of Armstrong's bundled services offered primarily to residential and businesses subscribers across Pennsylvania.
Gainspeed has brought onKrish Padmanabhan as its CEO. Prior to Gainspeed, Padmanabhan was senior vice president of products and solutions at Harmonic, where he oversaw overall strategy for its video playout and compression portfolio. He replaces Drew Perkins, a co-founder of the company.
The Society of Cable Telecommunications Engineers has broadened its reach abroad with the recent addition of Liberty Global to SCTE’s Corporate Alliance Program (CAP) as well as the formation of an international-based training program. The training and certfication program is called the International Society of Broadband Experts (ISBE), which will serve as an international gateway to the SCTE’s library of resources.
RFMD shareholders voted to approve the merger agreement and to approve the compensation arrangements for RFMD's named executive officers in connection with the transaction. TriQuint's stockholders are scheduled to vote on the merger agreement and other matters at a special meeting to be held later today.
Ciena Corp. on Thursday reported profit of $16.2 million in its fiscal third quarter. The Hanover, Maryland-based company said it had profit of 15 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 32 cents per share. The results beat Wall Street expectations.
Offices in the building will have access to the entire RCN Business suite of services, including high-speed Internet, dedicated internet access (DIA), hosted voice, PRI/SIP trunks, video (HDTV) and Ethernet E-Line and E-LAN. RCN has MEF 2.0 certification for its Ethernet services.
Charter Communications announced it has signed a deal with management and technology consulting firm Sense Corp to create its next-generation enterprise data warehouse. Under the terms of the deal, St. Louis-based Sense Corp will serve as Charter’s exclusive vendor for its business intelligence initiative, which Charter said would include integrating new subscribers by early next year.
On Friday AT&T filed a patent lawsuit against Cox Communications alleging that the cable operator and over 30 of its regional systems had infringed on eight of its patents. The patents were related to DVRs and set-top boxes as well as managing VoIP and data services.
Northeast Ohio is hardly ready to usurp Silicon Valley as a high-tech mecca, but a growing number of data centers are choosing to locate in and around Cleveland to take advantage of cheap power, an abundance of fiber-optic cable and one of the safest environments in the country for storing digital information.
CenturyLink held a grand opening earlier this week for its second data center in the Toronto area and fourth overall in Canada. CenturyLink said the new data center, which is called “TR3,” was built to support up to 5 megawatts of IT load and 100,000 square feet of raised floor space.
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