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The December 13, 2009 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

Steve Craddock has become EVP and CTO at PCT International. Craddock was previously in the Office of the CTO for Comcast Corporation. ( www.pctinternational.com )

Andreas (Andy) Melder has joined Gigle Networks as VP Business Development, concurrent with the company changing its name from Gigle Semiconductor. Andy has extensive experience in home networking, having previously been with Intellon and Staccato.( www.giglenetworks.com )


Company News

Investments

Arteris has raised the first tranche of a strategic investment round totaling $9.7 million from a group of investors led by Qualcomm Incorporated and including ARM. ( www.arteris.com )

Clearwire Corporation is raising more than $1.5 billion in new investment capital in exchange for newly issued shares priced at $7.33 per share. The sources of new financing and their approximate contributions include: Sprint Nextel with $1.176 billion; Comcast with $196 million; Time Warner Cable $103 million; Intel $50 million; Eagle River $20 million; and Bright House Networks $19 million. ( www.clearwire.com )

WiMAX provider DigitalBridge has raised undisclosed financing from new and existing investors. ( www.digitalbridge.com )

IPWireless Inc., a ten-year-old mobile broadband technology company, has raised a $15.5 million Series A round. It has gone through previous funding and acquisition but is now being run by some of the original founders. ( www.ipwireless.com )

picoChip has completed a $20 million funding round. ( www.picochip.com )

Sezmi has announced $25 million in additional financing. ( www.sezmi.com )

Verizon Wireless is leading a new effort called the 4G Venture Forum in which venture capital firms will invest as much as $1.3 billion to identify and commercialize next-generation 4G-related technologies (Long Term Evolution, or LTE). ( www.verizonwireless.com )

Xirrus which makes Wi-Fi systems for use inside buildings, said it is finished with fund-raising after bringing in an additional $20 million from inside investors. ( xirrus.com )

Acquisitions

Comcast and GE are forming a content joint venture initially owned 51% by Comcast and 49% by GE. GE is contributing its interest in NBC Universal to the new JV and Comcast will contribute its cable channels, regional sports networks and two Internet assets. Comcast will pay GE approximately $6.5 billion. ( www.comcast.com ) ( www.ge.com ) ( www.nbcuni.com )

Google is buying mobile advertising network specialist AdMob in an all-stock deal valued at $750 million. ( www.google.com ) ( www.admob.com )

Kudelski Group said it has completed a tender offer to acquire 60 percent of OpenTV. Added to its current ownings, Kudelski will have 91 percent of the voting rights in OpenTV. ( www.kudelski.com ) ( www.opentv.com )

Liberty Global is acquiring Unitymedia GmbH, Germany’s second-largest cable operator for an equity purchase price of €2.0 billion ($3.0 billion). ( www.lgi.com ) ( www.unitymedia.de )

Motorola has signed a definitive agreement to acquire BitBand, a provider of content management and delivery systems for IPTV video on demand. ( www.motorola.com ) ( www.bitband.com )

NetStreams has been acquired by ClearOne for an undisclosed amount. ( www.netstreams.com ) ( www.clearone.com )


Other News

Broadcom announced a new set-top box system-on-a-chip solution enabling interactive HDTV, connectivity, whole-home media distribution and advanced 3D user interfaces. ( www.broadcom.com )

A new initiative called One Voice, formed by 12 mobile operators, has agreed to use a profile based on IMS (IP Multimedia Subsystem) for offering SMS (Short Message Service) and voice services over next-generation mobile network technology LTE.

TiVo and Virgin Media have entered into a mutually exclusive agreement under which TiVo will develop a converged TV and broadband interactive interface to power Virgin Media's next-generation HD set tops. Virgin Media will be the exclusive distributor of TiVo services and technology in the UK. ( www.tivo.com ) ( www.virginmedia.com )


Standards and Organizations

The 1394 Trade Association is formally assuming the assets of the High Definition Audio-Video Network Alliance (HANA) effective immediately. ( www.1394ta.org )

The 3D@Home Consortium released two documents, ST4-01 3D Glossary and ST4-02 3D Technology Family Tree Poster, aimed at defining and documenting emerging technologies that enable 3D to the home. ( www.3dathome.org )

HomeGrid Forum announced that the ITU-T G.hn workgroup completed its definition of a "low complexity" profile targeted at Smart Grid applications. ( www.homegridforum.org ) ( www.itu.int/ITU-T/index.html )


Countries

U.S.

The US Federal Communications Commission (FCC) initiated a Notice of Proposed Rulemaking regarding so-called "net neutrality," aimed at prohibiting discrimination against certain Internet traffic. Comments are due January 14, 2010 and reply comments are due March 5, 2010. ( www.fcc.gov )

Under newly-developed California smart grid legislation (Senate Bill 17) the California Public Utilities Commission (CPUC) is required to outline a specific smart grid deployment plan by July 2010. Additionally, all electric utilities with over 100,000 customers must submit a smart grid strategy plan by July 1, 2011.