ADC Announces Agreement to Sell Internet Protocol Cable Platform to BigBand Networks.Business Editors/High-Tech Writers MINNEAPOLIS--(BUSINESS WIRE)--May 25, 2004 ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. Will Continue to Provide Cable Industry with High-Performing Connectivity Products and Systems Integration Services ADC (Nasdaq:ADCT ADCT Adaptive Discrete Cosine Transform , www.adc.com) announced today that it has entered into an agreement to sell its Cuda(TM) cable modem termination system A cable modem termination system or CMTS is equipment typically found in a cable company's headend, or at cable company hubsite and is used to provide high speed data services, such as cable internet or Voice over IP, to cable subscribers. (CMTS (Cable Modem Termination System) A computerized device that enables cable modems to send and receive packets over the Internet. It inserts IP packets from the Internet into MPEG frames and transmits them to the cable modems via an RF signal. ) product line and FastFlow(R) Broadband Provisioning Manager software to BigBand Networks. As part of the agreement, ADC will acquire a minority interest in Redwood City, Calif.-based BigBand Networks. Additional terms of the transaction were not disclosed. The agreement is expected to close in approximately 30 days, subject to customary closing conditions. After the transaction is complete, BigBand Networks will assume control of the Cuda and FastFlow product lines as well as employees, current relationships with Cuda customers and facility space in Westborough, Mass. ADC will continue to serve cable operators around the world with its line of hybrid fiber coax (networking) Hybrid Fiber Coax - (HFC) A kind of physical connection used in networks for audio, video, and data. DVB (Digital Video Broadcast) is used in Europe and DOCSIS is used in N America. products, RF amplifiers, splitters and combiners, power distribution and fiber and copper connectivity products. In addition, ADC's systems integration services including installation and decommissioning Decommissioning is a general term for a formal process to remove something from operational status. Some specific instances include:
"This transaction is about focusing on what ADC and BigBand Networks each do best. ADC is focused on helping cable operators with our high-performing connectivity products and systems integration services, which are ADC's core strengths," said Bob Switz, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for ADC. "Based on its established relationships with major operators and its platforms for broadband multimedia services, BigBand Networks' core strengths are well-suited to offer the Cuda CMTS product line and FastFlow Broadband Provisioning Manager software to the cable industry." "ADC and BigBand Networks are acting in the best interests of our customers, enhancing the value of connectivity and broadband multimedia solutions in the cable marketplace," said Amir Bassan-Eskenazi, president and CEO for BigBand Networks. "Adding the Cuda and FastFlow product lines and teams positions BigBand Networks to lead broadband network convergence, enabling better video, voice and data services for subscribers." The Cuda 12000 and 3000 offerings are next-generation IP access switches with integrated CMTS and routing capabilities designed to handle the operational, management and service demands that cable operators face today. The FastFlow Broadband Provisioning Manager is a carrier-class provisioning solution that automates the configuration and activation of DOCSIS/EuroDOCSIS(R) Cable Modems, PacketCable/EuroPacketCable(TM) Multimedia Terminal Adapters, and CableHome(TM) Residential Gateways for the delivery of advanced cable-based services such as tiered high-speed data, voice, video, and gaming. ADC intends to report fiscal third quarter financial performance of the Cuda and FastFlow business as discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. in the company's consolidated statement of operations See Income statement. issued in August 2004. About BigBand Networks BigBand Networks, Inc. designs, manufactures, sells and supports platforms for broadband multimedia services. These platforms are built on the company's NativeMedia(TM) technology uniquely capable of communicating and processing video, audio and data in their native formats. The field-upgradeable architecture combines advanced hardware and software technologies for high performance with agility to optimize for each service supported. This enables network operators to cost-effectively expand revenue-generating offerings of rich content and advanced, interactive services. Services supported by BigBand Networks' platforms include digital broadcast television, HDTV (High Definition TV) A set of digital television (DTV) standards that offer the highest resolution and sharpest picture. Although some HDTV sets are available in standard (rather square) screen sizes, the overwhelming majority of sets are wide screen, which eliminates , transport of high quality video, ad insertion, VOD See video-on-demand. VoD - video on demand and iTV. The company's customers include Comcast, Time Warner Cable This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , Cox Communications, Adelphia Communications, Bright House Networks, Mediacom Communications and Rogers Cable. BigBand Networks is based in Redwood City, CA. For more information on BigBand Networks, please visit www.bigbandnet.com. About ADC ADC is a world leader in providing global network infrastructure products, services and software that enable the profitable delivery of high-speed Internet, data, video, and voice services over our customers' unique networks. ADC (Nasdaq:ADCT) has sales into more than 90 countries. Learn more about ADC Telecommunications, Inc. at www.adc.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion