Telecommunications equipment industry
Lucent Technologies has announced the launch of new PacketStar AC products, which provide carriers with the ability to expand their call capacity by eight times while delivering toll-quality voice over ATM networks. The new platforms, AC 230 and AC 20, offer end-to-end support for AAL2, a new industry standard for
Telecommunications equipment industry
Africa ONE, a major independent telecommunication network, was announced in June by S. G. Fassoulis, chairman, Africa ONE, Ltd. The network will link the countries of Africa to one another and to growing global broadband telecommunication networks. Africa ONE, Ltd. will develop and own the state-of-the-art undersea fiber optic system,
Telecommunications equipment industry
The Federal Trade Commission has closed its nine-month investigation into partnership discussions held by Cisco Systems Inc. with Lucent Technologies Inc. and Nortel Networks Corporation of Canada. Cisco's general counsel, Dan Scheinman, stated that the FTC had concluded that the practices in question were not an issue, indicating
Telecommunications equipment industry
The battle for digital television subscribers just got fiercer, as On Digital, owned by ITV companies Carlton Communications and Granada Group, announced it would give away free digital set-top boxes, matching an offer by satellite company British Sky Broadcasting. On Digital's move is a significant investment of £200m
Telecommunications equipment industry
ThermoTrex Corporation, a public subsidiary of Thermo Electron Corporation, announced a proposed merger with its parent company, Thermo Electron Corporation. The deal, subject to various conditions, would result in ThermoTrex becoming a wholly owned subsidiary of Thermo Electron. As part of the agreement, Thermo Electron would acquire approximately 3.7
Telecommunications equipment industry
Norfolk Southern Corp. and CSX Corp. are set to officially break up Conrail Inc. on June 1, marking a significant shift in the US rail industry. The two companies have notified the Surface Transportation Board that they will begin operating their shares on Conrail, with Norfolk Southern taking over 58%
Telecommunications equipment industry
U S WEST will become the first local telephone company in the nation to offer Internet service through Alcatel's WebTouch One 'Web Phone.' This innovative device combines a traditional telephone with a color LCD touch-screen and a retractable keyboard, allowing customers to surf the Internet, check
Telecommunications equipment industry
The U.S. Department of Defense has awarded several defense contracts to various companies, including Boeing, Lockheed Martin, Northrop Grumman, and General Electric, among others. The contracts are valued at millions of dollars and cover a range of projects, including the development of stealth technology, the maintenance of military vessels,
Telecommunications equipment industry
Microsoft has significantly increased its investment in cable TV in the past three years, culminating in a $5 billion investment in AT&T, a major cable operator. This investment is part of AT&T's purchase of MediaOne for $62 million. The partnership is significant because AT&
Telecommunications equipment industry
Leading high-technology manufacturers have signed agreements to license i2's RHYTHM solutions for the optimization of eBusiness processes within their supply chains. Celestica, Seagate, Vitesse, and Xircom, along with Compaq, IBM, and Sun Microsystems, have joined i2's customer base, further solidifying the company's position in
Telecommunications equipment industry
General Instrument Corporation (GIC) and Cisco Systems, Inc. have collaborated to offer an advanced dual-return cable modem solution, allowing cable operators to use both radio frequency (RF) and telephone return paths with one integrated solution. This end-to-end system combines GI's SURFboard(R) SB2100D cable modem, Cisco's
Telecommunications equipment industry
Forstmann Little & Co. has finalized the sale of its remaining 5.4 million share stake in General Semiconductor, Inc. (NYSE: SEM), realizing a significant return on investment. The private investment firm had initially acquired General Instrument Corporation, the parent company of General Semiconductor, for $1.5 billion in August
