Barnes & Noble shares fell 4 percent to $11.85 Thursday after the company reported Q1 revenue of $914 million, a 6.6 percent drop from the year-ago quarter. Nook sales -- including content, devices and accessories -- plummeted 25 percent to $41 million, said Chief Financial Officer Allen Lindstrom. Within the Nook segment, content sales fell 19 percent and device and accessories sales tumbled 37 percent for the quarter.
Under threat of lawsuit, the Nashville Metro Council advanced a “One Touch Make Ready” policy aimed at speeding Google Fiber rollout. Pole attachment policies are likely to be a continuing challenge for Google as it expands its gigabit network, said community broadband supporters in recent interviews. "If there's kind of a last line of defense for AT&T to protect itself from competition, it might be keeping competitors off of poles or making it very expensive for them to finally get on poles,” said Institute for Local Self-Reliance Community Broadband Networks Director Christopher Mitchell. Despite recent AT&T slams against Google, local officials in two Google Fiber cities highly praised the upstart ISP.
Under threat of lawsuit, the Nashville Metro Council advanced a “One Touch Make Ready” policy aimed at speeding Google Fiber rollout. Pole attachment policies are likely to be a continuing challenge for Google as it expands its gigabit network, said community broadband supporters in recent interviews. "If there's kind of a last line of defense for AT&T to protect itself from competition, it might be keeping competitors off of poles or making it very expensive for them to finally get on poles,” said Institute for Local Self-Reliance Community Broadband Networks Director Christopher Mitchell. Despite recent AT&T slams against Google, local officials in two Google Fiber cities highly praised the upstart ISP.
LeoSat signed a contact with its first customer, an unnamed financial trading company with offices globally, LeoSat said in a news release Tuesday. It said the planned network of low earth orbit satellites will bring low latency, averaging less than 93 milliseconds from London to Tokyo and less than 119 milliseconds from London to Singapore. "We are excited to be in a position to announce our first customer almost four years ahead of the commercial launch of our system and while doing so, also venture into a market sector where traditional satellite systems have never had any suitable product offering," said LeoSat Chief Commercial Officer Ronald van der Breggen.
LeoSat signed a contact with its first customer, an unnamed financial trading company with offices globally, LeoSat said in a news release Tuesday. It said the planned network of low earth orbit satellites will bring low latency, averaging less than 93 milliseconds from London to Tokyo and less than 119 milliseconds from London to Singapore. "We are excited to be in a position to announce our first customer almost four years ahead of the commercial launch of our system and while doing so, also venture into a market sector where traditional satellite systems have never had any suitable product offering," said LeoSat Chief Commercial Officer Ronald van der Breggen.
CBP issued a guidance that lists several possible shipping vessel diversion scenarios related to Hanjin Shipping's bankruptcy filing (here). The agency provided the list "in anticipation of possible disruptions due to Hanjin Shipping vessels or cargo arriving to U.S. ports," it said in a Sept. 2 CSMS message (here). Hanjin's bankruptcy filing (see 1609020011) continues to be a source of uncertainty among industry for goods currently being handled by Hanjin and future shipping rates. The South Korean company filed for U.S. bankruptcy protection under Chapter 15 on Sept. 2 and is expected to take similar steps in other countries soon, The Wall Street Journal reported (here).
Stage two of the TV incentive auction will start Sept. 13, with a second reverse auction, the FCC said Wednesday, the day after stage one closed (see 1608300064). The FCC has a 114 MHz clearing target for stage two, which would yield 90 MHz of spectrum for wireless broadband. Industry analysts and observers say they don’t expect the FCC’s price target to drop substantially from its goal of $88.4 billion in stage one or for the auction to end in the next stage. Carriers and other bidders in the forward auction made $22.45 billion in net bids since the forward auction started Aug, 16.
National Transportation Safety Board Chairman Christopher Hart doesn’t “see it happening anytime real soon” that autonomous cars will get so good that human drivers -- and their susceptibility to human error -- get banned from the road, Hart told the Bloomberg-Western Digital Data Revolution conference on artificial intelligence Thursday in San Francisco. DOT soon may release its long-awaited autonomous-vehicle guidelines, Transportation Secretary Anthony Foxx said earlier at the event (see 1608250049).
National Transportation Safety Board Chairman Christopher Hart doesn’t “see it happening anytime real soon” that autonomous cars will get so good that human drivers -- and their susceptibility to human error -- get banned from the road, Hart told the Bloomberg-Western Digital Data Revolution conference on artificial intelligence Thursday in San Francisco. DOT soon may release its long-awaited autonomous-vehicle guidelines, Transportation Secretary Anthony Foxx said earlier at the event (see 1608250049).
National Transportation Safety Board Chairman Christopher Hart doesn’t “see it happening anytime real soon” that autonomous cars will get so good that human drivers -- and their susceptibility to human error -- get banned from the road, Hart told the Bloomberg-Western Digital Data Revolution conference on artificial intelligence Thursday in San Francisco. DOT soon may release its long-awaited autonomous-vehicle guidelines, Transportation Secretary Anthony Foxx said earlier at the event (see 1608250049).