BigBand Networks

Infobox_Company
company_name = BigBand Networks
company_
company_type = Public (nasdaq|BBND)
foundation = 1999, public 2007
location_city = Redwood City, California California
location_country = USA
company_slogan = Any Media, to Anyone, Anywhere
key_people = Amir Bassan-Eskenazi, CEO, President & Co-Founder Ran Oz CTO & Co-Founder
industry = Digital Video CMTS
revenue = $176.62 million USD FY 2006 cite web | url=http://finance.google.com/finance?fstype=ii&q=BBND |title=BBND 1Q07 Quarterly Earnings Report | accessdate=2007-07-25 | publisher=GOOG]
net_income = $8.88 million USD FY 2006
num_employees = 620 (July 2007)
homepage = [http://www.bigbandnet.com/ www.bigbandnet.com]

BigBand Networks (known as BigBand ; nasdaq|BBND) is a multinational corporation headquartered in Redwood City, California, United States. BigBand manufactures and sells digital video and data processing platforms and solutions in areas ranging from digital video to CMTS.

Locations

BigBand has 2 major development centers. The main Video products development center is located in Tel Aviv, Israel with roughly 200 people. The main Data and Voice products development center is located in Westborough, Massachusetts with roughly 175 people [citation|url=http://sec.edgar-online.com/2007/01/26/0001193125-07-014347/Section21.asp | title = SEC filing S-1/A| date = 2007-01-26] . A small video development group resides in the Redwood City headquarters and a fourth research and development office was recently open in Shenzhen, China [cite news| url= http://www.allbusiness.com/services/business-services/4308956-1.html | title = BigBand Networks Expands Presence in China | date = 2007-03-30 | publisher= Business Wire] .

Products and Technologies

The company sells video, voice and data solutions directly to major cable Multi-System Operators MSOs. Amongst the company's biggest MSO clients are Comcast, Time Warner Cable, Cablevision and Cox.In recent years the company expanded the video offering to Telcos, with Verizon becoming their biggest customer in 2006. BigBand products include a digital video processing platform called BMR and a Cable Modem Termination System (CMTS) called Cuda. The video platform enables services such as Switched Video [cite web | url = http://www.convergedigest.com/DSL/lastmilearticle.asp?ID=20445 | title = Cablevision Deploys BigBand's Switched Video| date = 2007-07-24 | publisher = Converge Network Digest] , Digital Cable, Video on demand and IPTV offered on a variety of transport networks such as QAM cable,
DSL and Verizon FiOS.

Recent Affairs

BigBand went public in March 2007 [cite news| url=http://www.lightreading.com/document.asp?doc_id=119597&site=cdn| title=BigBand IPO: Boing!| author= Alan Breznick| publisher=Cable Digital News| date=2007-03-15] . The offering was underwritten by Morgan Stanley, Merrill Lynch, Jeffries & Company, Cowen & Company and ThinkEquity [cite web| url=http://phx.corporate-ir.net/phoenix.zhtml?c=200598&p=irol-faq#31777| title=BigBand FAQ| publisher=BBND] .

BigBand is currently suing a firm started by ex-employees. The firm, called Imagine Communications, is allegedly infringing on 3 of BigBand's patents covering video processing and bandwidth management techniques [cite news| url=http://www.multichannel.com/article/CA6449124.html| title=BigBand Sues Firm Started by Ex-Employees| author= Todd Spangler| publisher=Multichannel News| date=2007-06-05] .

Class Action Lawsuit

In October 2007, a class-action shareholder lawsuit was filed on behalf of shareholders who purchased BigBand Networks Inc. securities in the company’s IPO on March 15, 2007. [http://www.hbsslaw.com/BigBand.htm] The lawsuit seeks to pursue remedies under the Securities Act of 1933. The complaint alleges BigBand violated the Securities Act, and that company insiders including the CEO, CFO and CTO knowingly published misleading and false statements about the company’s financial health and product offerings. In particular, the complaint alleges that BigBand materially misstated their revenues, and engaged, among other allegations, in the practice informally known as channel stuffing to artificially inflate their financials prior to IPO. As a result of failing to meet its guidance, BigBand Networks stock has suffered a drop from its post-IPO high of $21.43 to a low of $3.76. It is now considered "one of the poorest IPO's of 2007". In addition, "management has lost credibility" and it has been suggested that it's time for the CEO to "step aside". [http://www.247wallst.com/2007/12/10-ceos-that--3.html]

References

External links

* [http://www.bigbandnet.com/ Official site] Finance links
name = BigBand Networks
symbol = BBND
sec_cik = 1381325
hoovers = 106058