Level 3 Turns Free Cash Flow Positive

Level 3 Communications reported consolidated revenue of $874 million for Q3 compared to a projection of $865 million to $900 million. Free cash flow for the quarter increased to positive $40 million compared to negative $34 million in the previous quarter. The net loss for the third quarter was $0.38 per share, or $247 million. As a result of the company's pending sale of the Midwest Fiber Optic Network, a non-core network asset acquired in the Genuity transaction, those operating results are included in discontinued operations. http://www.le...

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Toshiba Builds Wi-Fi and VoIP into PDAs

Toshiba introduced new Pocket PC devices that feature integrated Wi-Fi (802.11b) connectivity and VoIP capabilities. Users with a subscription to a VoIP broadband telephony service could use the devices to place phone calls over a WLAN. http://www.toshiba....

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SIPphone Offers Free Worldwide Calls to Other SIP phones

SIPphone, a start-up based in San Diego, California, introduced a SIPadapter device that enables SIP calls over any phone, even a cordless unit common in many households. A SIPadapter comes with a unique phone number beginning with (747). It also includes an account on my.SIPphone.com, where a user can customize their phone, manage their numbers and view their call history. An online address book and popular features such as call-waiting, caller ID, and the logging of missed calls are all available as part of the free service. Users can hear their...

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GRIC Signs Major Wi-Fi Aggregators Worldwide

GRIC Communications signed agreements with three major Wi-Fi service providers, adding more than 2,200 live Wi-Fi access locations in five European countries and South Africa to the GRIC TierOne Network. The agreements with The Cloud, Monzoon Networks and PicoPoint add Wi-Fi access locations in the UK, Germany, Switzerland, the Netherlands, Luxembourg, and South Africa. The GRIC TierOne Network currently has more than 3,000 active Wi-Fi and Ethernet access locations in 20 countries, in addition to more than 35,000 dial-up locations in 150 countries....

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Belgian City Builds Municipal Wi-Fi Net with Cisco

The City of Hasselt, Belgium is building a municipal Wi-Fi network described as one of the largest such projects in Europe. Cisco Systems is supplying equipment for the project, including the Cisco Aironet 1200 Series of Wi-Fi Access Points administered via a CiscoSecure Access Control Server. The project follows the deployment of some 250 Cisco Aironet Series Access Points at local high schools. http://www.cisco....

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Qameo Software Aims for Optimized Broadband Content Downloads

Qameo, a start-up based in Los Angeles, announced a software system for downloading multi-gigabyte files to broadband users in a more efficient fashion than peer-to-peer networks, FTP (file transfer protocol) and video "streaming" software. The Qameo system creates and manages an interruptible connection between the PC and a distributor of movies, music or other files. The content file is downloaded in segments, running in the background only when the PC is not being used for other purposes. The concept would enable consumers to receive full-quality...

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UTStarcom's Q3 Sales Rise 44% over Q2

UTStarcom reported that net sales for Q3 2003 increased to $584.4 million, a sequential increase of 44% over the $405.8 million in net sales reported in the previous quarter and a 120% increase over the $265.5 million in net sales reported in Q3 2002. Net income for Q3 increased 92% year-over-year to $59.1 million, or $0.46 per share, compared to net income of $30.8 million, or $0.27 per share, for Q3 2002. Q3 marked the fifteenth consecutive quarter of increasing revenue and earnings for the company. Q4 revenues are expected to be in the $635-$640...

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Centillium Sees Rise in Q3 Revenue, Notes Slowing of DSL Growth in Japan

Centillium Communications reported Q3 revenues of $37.5 million, a 10.5% increase from the $33.9 million of revenues for Q2 2003, and an increase of 61.2% from revenues of $23.3 million for the third quarter of 2002. Net profit for the quarter was $382,000, or $0.01 per share, compared with a net loss of $511,000, or $0.01 per share in Q2.Centillium noted that DSL revenue from regions other than Japan grew 37% from the previous quarter to $6.0 million. However, over the last four months, the number of net new DSL subscribers in Japan has slowed...

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Cablevision to Spin-off Satellite Subsidiary

Cablevision Systems announced plans to spin-off its recently launched satellite service (Rainbow DBS.) In addition to Rainbow DBS, the new, spun-off entity will include three of Rainbow Media's national entertainment services -- AMC, The Independent Film Channel and WE: Women's Entertainment -- their subsidiaries, and certain other Rainbow businesses. Cablevision plans to focus primarily on its core regional cable, telecommunications, sports and entertainment assets. Cablevision will no longer retain the rights to offer DBS service in the New York...

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Nortel Networks Reports Positive Trend, Financial Restatements

Nortel Networks reported selected preliminary unaudited results for Q3 2003 and announced its intention to restate its financial results for 2000, 2001 and 2002 and the first and second quarters of 2003.The restatements are expected to result in a reduction in previously reported net losses for 2000, 2001 and 2002; and an increase in shareholders' equity and net assets previously reported on Nortel Networks balance sheet as 30-June-2003. None of the adjustments are expected to have any impact on the company's cash balance as of 30-June-2003 nor...

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Marconi Posts 6% Sequential sales increase to £389 Million

Marconi reported a 6% sequential sales increase to £389 million. The company cited strong sales performance in its U.S. business, which was up 15% driven by higher sales to the U.S. federal government and increased levels of broadband access deployment. Across Europe and in other regions of the world, Marconi noted increased stability and said revenues were up by 2%.The company also said increased orders received during the quarter led to a book-to-bill ratio of 1.22 across its divisions. Marconi also cited further market traction for its next...

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BT Bundles Wi-Fi into Broadband Access

BT will begin offering a new "Broadband Traveler" residential service package that includes ADSL, home networking and public Wi-Fi access. The company said the new service marks a significant step forward for its plan to boost awareness and use of Wi-Fi in the UK. BT customers now have access to 1,155 Wi-Fi sites nationwide, meaning BT is on track to beat its target of 4,000 hotspots by June 2004. Users of the Broadband Traveler package will receive BT Openzone access free for the first 3 months. After this, the BT Openzone service is charged...

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Sprint Reports $6.7 Billion in Revenue, Write-Down for MMDS Spectrum

Sprint reported overall growth in revenues for the second consecutive quarter, but the company announced a write down of its MMDS spectrum and Sprint PCS attracted fewer new customers than market expectations. Net operating revenues were $6.7 billion, compared to $6.8 billion in the same period last year. Net loss for the third quarter was $498 million versus net income of $519 million for the same period last year. Net loss in the third quarter of 2003 includes a net loss from special items of $768 million, while the third quarter of last year...

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AMCC Sees 22% Sequential Increase in Revenues

Applied Micro Circuits Corporation (AMCC) reported quarterly revenue of $25.1 million, up 22% sequentially from the $20.5 million reported in prior quarter, but down 17% from the $30.2 million reported in the same period last year. The net loss for the quarter was $22.9 million or $0.08 per share, compared with a net loss of $53.4 million or $0.18 per share for the prior quarter. http://www.amcc....

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Vitesse Reports Slight Increase in Quarterly Revenues

Vitesse Semiconductor reported quarterly sales of $42.8 million, compared to $35.6 million for the same period last year and $39.7 million in the prior quarter. The quarterly sales figures exclude revenues from discontinued operations. Vitesse recently sold its line of optical module products to Avanex Corporation. In the prior quarter Vitesse also announced the closure of its 6-inch Gallium Arsenide (GaAs) wafer fabrication facility in Colorado Springs. The net loss for the quarter was $1.6 million. http://www.vitesse....

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