Citigroup lowered its ’06 revenue estimate for Charter to $5.42mln from $5.52mln following the MSO’s restated financials after completion of certain cable transactions. It lowered the ’07 rev estimate to $5.91mln from $6.02mln. Price target and rating remain unchanged as the restatements have no material impact on future cash flow. — VOD content firm Ripe Digital Entertainment announced $32mln in Series B financing from Hearst-Argyle, Time Warner, Columbia Capital and Rho Ventures. RDE will use the cash to launch more on demand TV networks, build its broadband and mobile strategy, and develop measurable advertising. — Motorola led a $16mln 3rd financing round for Ruckus Wireless to develop new broadband digital services for home networks. RW has supplied its Wi-Fi system to more than 75 global broadband operators.

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Next Frontier: CableLabs Explores More than Speed Connectivity Era

Internet speed records are all the rage these days, with two separate breakthroughs making the headlines recently. One is more in the distant future, but the other hits closer to home.

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