Key Developments For BigBand Networks, Inc.
BigBand Networks, Inc. (BBND.O) (Consolidated Issue listed on NASDAQ Global Market)
BigBand Networks, Inc. Issues Q4 2009 Guidance; Revenue Guidance Slightly Below Analysts' Estimates
BigBand Networks, Inc. announced that for fourth quarter of 2009, it expects net revenues to be in the range of $32-$34 million, GAAP net loss per share to range from $(0.07)-$(0.10) and non-GAAP net loss per share to be in the range of $0.00-$(0.03). According to Reuters Estimates, analysts were expecting the Company to report revenues of $35 million and EPS of $(0.01) for the same period.
Time Warner Cable Continues To Expand Programming With BigBand Networks, Inc.'s Switched Digital Video
BigBand Networks, Inc. announced that Time Warner Cable (TWC) will be deploying BigBand`s Switched Digital Video (SDV) solution to offer new programming options in the cable operator`s Los Angeles, New York City and Dallas systems.
BigBand Networks, Inc. Issues Q3 2009 Guidance Below Analysts' Estimates
BigBand Networks, Inc. announced that for the third quarter of 2009, it expects net revenue to be approximately $20 million, GAAP net loss per share (EPS) to be in the range of $0.21-$0.23 and non-GAAP net loss per share to be in the range of $0.13-$0.15. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.06 on revenues of $46 million for the same period.
BigBand Networks, Inc. Announces Converged Video Delivery Platform
BigBand Networks, Inc. announced the Converged Video Exchange (CVEx), an intelligent software control plane that provides a unified means to deliver and manage linear and non-linear video services across the network edge, to traditional MPEG set-top boxes (STBs) and IP devices.
Jiangsu Cable Selects BigBand Networks, Inc. As Preferred Digital Video Provider
BigBand Networks, Inc. announced that it has signed a strategic collaboration agreement with Jiangsu Broadcasting Television Network Corporation Limited (Jiangsu Cable) to further expand their relationship, following a cooperation over the past year. This is a strategic agreement that Jiangsu Cable has signed with a foreign company in the China cable industry. With access to BigBand Networks` complete suite of Digital Video Networking solution from broadcast to Switched Digital Video (SDV) and IP to Media Services Platform (MSP), Jiangsu Cable is better equipped to evolve their network.
