Rogers Communications is reporting a slip in revenue and profit for the first quarter of this year in the face of fierce competition in its cable and wireless divisions. Adjusted profit came in at $356 million, down from $423 million in the same quarter last year. Revenue also came in slightly lower at $2.95 billion, […]
Telecommunications
Ericsson’s profit doubles on smartphone unit selloff
Ericsson managed to double its first-quarter profits despite slumping sales after its divestiture of its smartphone business buoyed its bottom line. The Swedish infrastructure manufacturer said the sale of Sony Ericsson to co-parent Sony added $1.14 billion to its profits, bringing net income to $1.3 billion from $608 million last year. Sales dipped 4 percent […]
LG Electronics returns to profit on mobile, TVs
LG Electronics posted its first profit in three quarters, beating expectations thanks to a revival in its mobile business and demand for high-end TVs. The South Korean company Wednesday reported net profit of 243 billion won ($213.3 million) for the January-to-March period. It had a loss of 15.8 billion won ($13.9 million) a year earlier. […]
Report: Mobile space will help DPI market hit $2B by 2016
Spurred on by the build-out of LTE networks, the deep packet inspection market is projected to reach $2 billion in revenues in four years. A recent report by Infonetics Research also said that service provider deep packet inspection (DPI) product revenue grew 29 percent to more than $470 million worldwide in 2011. Also last year, […]
Google launches storage service for personal files
Google is hoping to build the world’s largest digital filing cabinet in the latest attempt to deepen people’s dependence on its services. The Internet search leader began its pursuit of the audacious goal Tuesday with the much-anticipated debut of Google Drive, a product that stores personal documents, photos, videos and a wide range of other […]
Epix adds original programming to its video mix
Multi-platform video vendor Epix will be serving up its own original programming, including documentaries, movies, comedies and sporting events, over the summer and fall. Prior to its foray into creating its own content, Epix was known as a movie channel that offered Hollywood titles, classic feature films, original series and comedy specials from Paramount, MGM, […]
Apple stock soars 10% on Q2 performance
Apple’s stock gained back much of the 12 percent loss it suffered in the previous weeks’ nose dive after the company reported Tuesday $39.2 billion in revenue and sales of 35.1 million iPhones in its fiscal second quarter. Prior to the company’s earnings announcement, shares of Apple were trading at $560, but they rose more […]
Wireless standards groups agree on home networking goals
Several standards organizations – all largely associated with telephone carriers – said they will work together to assure connectivity in home networks. The Broadband Forum, DECT Forum, Home Gateway Initiative (HGI), Open IPTV Forum, Open Mobile Alliance and Small Cell Forum recently held a workshop to investigate shared issues and opportunities to enhance support of […]
U-verse TV adds 200K subs in Q1
AT&T attracted a net of 200,000 U-verse TV subscribers, reaching a total of 4 million in service at the end of its first quarter. The company added 718,000 U-verse high-speed Internet subscribers to reach a total of 5.9 million. Combining U-verse high-speed data and DSL results, AT&T added 103,000 wireline broadband connections. In other words, […]
Time Warner Cable boosts data speeds across New England, adds D3
Time Warner Cable has ramped up the data speeds for residential subscribers across Maine, New Hampshire and Massachusetts, and it added DOCSIS 3.0-based tiers. The top downstream speed for Turbo Internet increased from 15 Mbps to 20 Mbps and from 1 Mbps to 2 Mbps on the upstream. Standard Internet downstream speeds increased from 8 […]