Nortel Reports Q3 Revenue of $2.66 billion, up 22% YoY

Nortel Networks reported Q3 2005 revenues of US$2.66 billion, up 22% year over year. There was a net loss of $105 million, or $0.02 per common share on a diluted basis, compared to a net loss of $259 million, or $0.06 per common share on a diluted basis, in the third quarter of 2004 and net earnings of $45 million, or $0.01 per common share on a diluted basis, in the second quarter of 2005. The net loss in the third quarter of 2005 included special charges of $37 million related to restructuring activities and a net charge of $20 million related...

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LG-Nortel Joint Venture Launches

LG Electronics and Nortel officially launched their joint venture, LG-Nortel Co. Ltd., will offer leading-edge communications and networking solutions in the wireline, optical, wireless and enterprise markets in South Korea and the rest of the world.LG-Nortel's headquarters will be in South Korea, with sales and marketing located in Kangnam, Seoul; R&D facilities in Anyang in the province of Gyeonggi; and an employee population of approximately 1,400. LG-Nortel also announced the appointment of J.R. Lee from LGE as chief executive officer,...

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Bell Canada Cites Demand for HD Programming, Launches EVDO Wireless

Bell Canada Enterprises (BCE) reported Q3 2005 revenues of Cdn$5.0 billion, up 3.6% from the same period last year. Operating income for the quarter increased to Cdn$957 million, from $25 million in the third quarter of 2004(1), due primarily to restructuring charges recognized in 2004 for the company's employee departure program. Earnings per share (EPS) were $0.48 cents, up from $0.09 the previous year. Some operational highlights from the quarterly report:VideoExpressVu posted its best third quarter since 2001 as net additions jumped 148% over...

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Fujitsu Cites Design Wins for WiMAX System-on-Chip

Fujitsu announced two design wins for its WiMAX System-on-Chip (SoC), which was introduced in April 2005.MiTAC Technology, a global leader in PC, networking and communications products, has introduced a new indoor subscriber station based on the Fujitsu MB87M3400. The indoor subscriber station, which complies with the IEEE 802.16-2004 and ETSI HiperMAN standards, supports network routing, WiMAX-based Broadband Wireless Access (BWA), and voice over IP (VoIP). It connects with a WiMAX base station using a 3.5GHz wireless link to deliver high-speed...

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Nokia Previews DVB-H Mobile Handsets

Nokia expanded its Nseries multimedia range to include three new handsets for devices for consumers to wirelessly watch mobile TV, stream music, share photos and send emails with attachments, using technologies such as 3G, WLAN and Universal Plug and Play (UPnP)."We expect the market for convergence devices to double to 100 million units in 2006. Developers, media companies and enterprises are shifting their focus to Nokia's S60 smartphone platform,...

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QUALCOMM Posts Revenue of $1.56 billion, up 40% YoY

QUALCOMM reported quarterly revenue of $1.56 billion, up 40% year-over-year and 15% sequentially. Net income was $538 million, up 37% year-over-year and down 4% sequentially. Some highlights from the quarterly report:shipped approximately 40 million MSM chips to customers worldwide during the , compared to approximately 39 million units in the same quarter last year and approximately 36 million units in the prior quarter. A record quantity for any single quarter, the year's cumulative total is also a record with 151 million MSM chips shipped.announced...

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Senate Committee Approves E9-1-1 Improvement Act

The U.S. Senate Commerce Committee unanimously approved the "E9-1-1 Improvement Act" (S.1063). If passed into law, the bill would:require the FCC to develop new rules for VoIP 9-1-1 within 120 days, give VoIP providers direct access to the 9-1-1 network, establish FCC waiver authority to provide flexibility, ensure VoIP services are never cut off due to issues related to 9-1-1 capabilities, provide equivalent liability protection for VoIP 911 as other phone services, acknowledge the importance of industry's role in developing technological standards...

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Sprint Nextel and Cable Partners Plan "Quadruple Play"

Sprint Nextel, Comcast, Time Warner Cable, Cox Communications and Advance/Newhouse Communications outlined their plans to form a joint venture to offer "Quadruple Play" services -- video entertainment, wireline voice, and wireless voice and high-speed data services. $200 Million CommitmentThe joint venture, which is mutually exclusive for three years and has a 20-year term, calls for a combined initial financial commitment of $200 million, $100 million of which will be committed by Sprint and $100 million of which will be committed collectively...

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ANT Delivers IP STBs in Korea with Micro Network

ANT, a supplier of embedded browser, content control and user interface software for IPTV and consumer electronics, is working with Micro Network Korea Co. Ltd. for local sales and technical support as part of an expansion into Korea. ANT recently announced three new customers in Korea who have licensed ANT Galio through the company's relationship with Micro Network: Kaon Media, Homecast and InfoEq. Kaon Media, is a Korean R&D and manufacturing company focused on the digital terrestrial and satellite broadcasting receiver sector, which has...

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WSJ: Equipment Firms May Cash In On IPTV

Worldwide deployments of IPTV, particularly in Europe and Asia, are expected to make the biggest financial impact on two groups of cable-equipment vendors -- set-top box makers and encoding technology companies -- according to an article in The Wall Street Journal by Ellen Sheng. The article says there are about 50 makers of IP set-top boxes at the moment, making the segment ripe for consolidation. Scientific Atlanta and Motorola are seen as the "big beneficiaries and most likely acquirers." As for encoding companies, Harmonic and Tandberg are...

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