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The May 15, 2008 Issue Provided by System Dynamics Inc.
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Heard on the Net

News about People and Companies Influencing The Broadband Home


People News

Dario Choi has been promoted to VP and GM at TANDBERG Television Asia-Pacific. ( www.tandbergtv.com )

Mark Dawson has joined ICTV's ActiveMedia Group as VP, Programming Services. Dawson was previously with Gemstar-TV Guide International. ( www.ictv.com )

D. Scott Mercer has been named CEO at Conexant Systems. The company also announced that Christian Scherp has been promoted to president, and Sailesh Chittipeddi was promoted to EVP of Global Operations and CTO. ( www.conexant.com )


Company News

Acquisitions

Amdocs has purchased Jacobs Rimell, a provider of fulfillment solutions for the broadband cable industry, for approximately $45 million in cash, net of cash on hand. ( www.amdocs.com ) ( www.jacobsrimell.com )

Broadweave Networks, a services operator for planned communities using fiber, is purchasing the iProvo FTTH network from the City of Provo, Utah for $40.6 million. ( www.broadweave.com ) ( www.iprovo.net ) ( www.provo.org )

CopperGate Communications has purchased the HomePlug AV business from Conexant Systems. CopperGate says they are "the first semiconductor company with home networking technologies supporting all three wire types - coax, phone and power lines." Terms of the deal were not disclosed. ( www.coppergate.com ) ( www.conexant.com )

Cox Enterprises is paying $300 million to buy Adify, a company that helps Web sites pool their ad space. Adify will operate as a stand-alone company and will continue to be led by Russ Fradin, CEO and co-founder of Adify. ( www.coxenterprises.com ) ( www.adify.com )

MK Capital has funded the divestiture of Kontiki, a provider of managed peer-assisted delivery, from VeriSign. The business will be re-launched as Kontiki Inc. ( www.mkcapital.com ) ( www.kontiki.com ) ( www.verisign.com )

NXP Semiconductors, the independent semiconductor company founded by Philips, is acquiring Conexant’s Broadband Media Processing business, for $110 million in cash, and up to $35 million in a contingent “earn-out” fee. NXP's existing set-top box and digital TV operations will be combined with Conexant's BMP business. ( www.nxp.com ) ( www.conexant.com )

Sony Corporation of America (SCA) is acquiring Gracenote, creator of the CDDB database for digital media identification, for $260 million. ( www.sony.com ) ( www.gracenote.com )

Funding

Alereon, a fabless semiconductor company specializing in UWB technology, announced a $3 million investment from Korean-based SK Telecom. ( www.alereon.com )( www.sktelecom.com )

Iamba Networks, a provider of GPON solutions, announced closing a $7 million round of financing. ( www.iamba.com )

iControl, a provider of home security solutions, raised $15.5 million in Series B funding. ( www.icontrol.com )

Move Networks, a provider of high definition online television services, announced a $46 million Series C funding round. The company provides online video services for such American TV networks as ABC, Fox, and Discovery. ( www.movenetworks.com )

Tudou.com, a popular Chinese online video sharing Website, raised $57 million in new funding. ( www.tudou.com )


Other News

Adobe has announced the Open Screen Project, an alliance with mobile handset and operating system vendors. Through it, Adobe is promoting its next generation Flash Lite media player as the answer to content compatibility problems on mobiles. The new player is scheduled for mid-2009 launch. Backers of the alliance include Arm, Intel, LG, Marvell, Motorola, Nokia, NTT DoCoMo, Qualcomm, Samsung, Sony and Ericsson. ( www.adobe.com )

Cablevision announced a plan to spend about $300 million to build a Wi-Fi mesh network across its footprint in the New York metropolitan area. The rollout has already begun in some communities and will be free for existing customers. The estimated cost of building the network is about $70 per home passed or $100 per subscriber. Cablevision has about 3.3 million customers and passes about 4.7 million homes. ( www.cablevision.com )

EchoStar Technologies L.L.C, a subsidiary of EchoStar Corporation is entering the cable industry with the debut of CableLabs Certified® DOCSIS® 2.0 SlingModem at The Cable Show in New Orleans next week. EchoStar Corporation spun-off from DISH Network Corporation earlier this year, retaining its set-top box business and certain infrastructure assets. EchoStar purchased Sling Media last fall and is now pursuing OEM relationships with cable operators worldwide. ( www.echostar.com ) ( 2008.thecableshow.com )( www.slingmedia.com )

Intel Capital was one of the winners in Sweden's auction of licenses for nationwide wireless broadband. Intel paid $26 million for a 15-year license it intends to use for WiMAX. Sweden's Post and Telecom Agency (PTS) also granted 15-year licenses to Tele2, Telenor, TeliaSonera and HI3G Access AB after a 16-day spectrum auction in the 2.6 GHz band. ( www.intel.com )