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Sprint, DirecTV Try to Stop Wireless Spectrum Review

Welcome to the cable news roundup, Hump Day edition.

  • A group that includes Sprint Corp. (NYSE: S) and DirecTV Group Inc. (NYSE: DTV) has joined the Communications Workers of America (CWA) in urging the Federal Communications Commission (FCC) to stop the clock on the agency's review of Verizon Wireless 's proposed purchase of Advanced Wireless Services (AWS) spectrum from a handful of cable operators. The issue? They have apparently run into trouble opening some of the documents filed by Verizon Wireless and the MSOs and claim they'll need more time to study them in order to give the FCC a "cogent analysis." [Ed. note: Is there an IT specialist in the house?] The group didn't specify how much more time they'd need, but the FCC is approaching the 100th day of its self-imposed 180-day review cycle. (See Verizon's Spectrum Auction: Winners & Losers and MSOs Sell AWS Spectrum to Verizon for $3.6B .)

  • Harmonic Inc. (Nasdaq: HLIT) posted a first-quarter net loss of $7.5 million (6 cents per share) on revenues of $127.7 million, down from $132.8 million in the year-ago quarter. Harmonic warned of the earnings shortfall earlier this month, citing sluggish sales, declining demand from European customers (international sales were down 18.4 percent), and lower margins associated with its high-density HectoQAM product. But the vendor expects a healthier second quarter, forecasting sales of $130 million to $140 million, which would represent a potential 5.7 percent jump. (See Harmonic's Q1 Gets a Haircut .)

  • Multimedia over Coax Alliance (MoCA) silicon specialist Entropic Communications Inc. (Nasdaq: ENTR) recorded first-quarter net income of $3.9 million (4 cents per share) on revenues of $59.1 million, well off from year-ago net income of $11.9 million and revenues of $71.5 million. While the first-quarter numbers were better than expected, shares slipped in after-hours trading Tuesday. The next earnings round will include financials from company's request acquisition of Trident Microsystems Inc. (Nasdaq: TRID)'s set-top box silicon assets. (See Entropic Readies Its Run at Broadcom .)

  • Microsoft Corp. (Nasdaq: MSFT) is expanding the number of 15-second and 30-second, "TV-like" commercials running on Xbox Live as the company's console continues its run as a video streaming hub, says PaidContent, noting that ESPN and CBS are among those joining the grander advertising effort.

    — Jeff Baumgartner, Site Editor, Light Reading Cable

  • Jeff Baumgartner 12/5/2012 | 5:35:06 PM
    re: Sprint, DirecTV Try to Stop Wireless Spectrum Review

    Verizon Wireless and its cable partners filed their response to the allegations in this letter to the FCC,  calling the original claims of CWA a bunch of baloney. "In the few instances where CWA was delayed in accessing any of the productions, the cause lies with CWA, not with the Applicants," they argue, urging the FCC not to delay its review.  OK... now that that's all settled...  IT issues and regulatory rhetoric make a recipe for goofiness. JB


     


     


     

    Jeff Baumgartner 12/5/2012 | 5:35:04 PM
    re: Sprint, DirecTV Try to Stop Wireless Spectrum Review

    Yeah, if the FCC sticks to the 180-day shot clock that could be the timeline.  Also, VZ has already offered to sell some of its 700MHz spectrum (if these AWS deals get done), so they've pretty much built in a condition that they could live with and is giving to the feds through the power of suggestion. As for how it's trending, I'd be surprised if there was a delay based on this sort of technicalityJB

    AESerm 12/5/2012 | 5:35:04 PM
    re: Sprint, DirecTV Try to Stop Wireless Spectrum Review

    Baloney =  an allegation that is "meritless and proving(ing) no grounds for delaying." This letter even goes down to the precise minute when the Patton Boggs attorney rang up. The footnote on shapefile is precious, too. So then if no dely we'll see a decision in mid-late June? Any idea how this is trending?

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