TI forecasts modest 3Q; Netflix confident that rate hikes won't drive subscribers away

Wireline news from across the Web:

@FierceTelecom RT @CNETNews: Texans take a shine to in-home energy displays. Article | Follow @FierceTelecom

> Texas Instruments has forecast that it will see modest sequential growth in Q3 2011, a factor it attributes to slower sales due to economic issues in the U.S. and Europe. Article

> A Stifel Nicolaus report argues that the six largest U.S. service providers will ask regulators to adopt a cost model for the proposed broadband Universal Service program. Article

> KPN Telecom reported that its Q2 profit declined 11 percent to EUR 414 million (USD 595 million) from EUR 465 million (USD 672.6 million) in Q2 2010, while revenue also dropped 1.9 percent to EUR 3.29 billion (USD 4.76 billion). Article

> ConsumersHeldHostage.org argues that Internet service providers have implemented sneaky policy changes that place new limits on usage of third-party services. Release

> Telefonica Argentina will deploy Telco Systems' Metro Ethernet demarcation and aggregation products to create a telecom network for the Tecnópolis theme park, which opened on July 15 in Villa Martelli, near Buenos Aires. Release

> Internet Multifeed Co., Japan's largest Internet Exchange Provider, leveraged Spirent for its 100G Ethernet IXP Interoperability Test (IOT) on its Japan Network Access Point (JPNAP). Release  

And finally ... Netflix spokespeople acknowledge that while the company 'hates' to upset consumers by raising service prices, it believes that the majority of customers won't cancel the service and that the new rates will enable it to generate $1 billion in one quarter. Article

Suggested Articles

LF Edge, an umbrella organization that's part of the Linux Foundation, announced the second release of its Akraino Edge Stack.

Chris Young is leaving his role as CEO of cybersecurity firm McAfee to become a senior advisor with TPG Capital, which has a majority stake in McAfee.

CenturyLink wins a $1.6 billion contract with the U.S. Department of Interior to upgrade its network services and modernize its IT solutions.