[opendtv] Pace 'turns the corner' and returns to profit
- From: "Manfredi, Albert E" <albert.e.manfredi@xxxxxxxxxx>
- To: <opendtv@xxxxxxxxxxxxx>
- Date: Mon, 5 Feb 2007 10:58:59 -0500
Here is a telling news item.
This quote: "Pace said it was benefiting from new product shipments worldwide,
with North America-where Pace has deals with US satellite broadcaster DirecTV
and US cable operators-contributing more than 50% of its revenues," suggests
that Pace will only be interested in supporting cable and DBS in the US. One
wonders why anything should be different in Europe.
And: "Pace said growth in market demand for high-definition TV products was
being driven by pay-TV operators, ..." That quote is *not* specific to the US
market.
A sidebar: another friend of mine just took the DTT plunge this past weekend,
but just the STB for now. No HD panel yet. He had to order his STB from Amazon,
because he could not find one in stock at any store. And he's thrilled with all
the choice available to him now. Lives in a high rise, aimed in the right
direction, so no problem with rabbit ears.
So again, how does this happen? 1. How can any product turn a profit if it is
never advertized and never kept in stock? 2. Why do these companies continue to
make these "unprofitable" products available in DVB-T countries but not here?
If Pace returns to profit by selling cable and DBS boxes, why has it been
selling DVB-T boxes for so many years?
Something does not add up.
Bert
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http://www.dtg.org.uk/news/news.php?class=countries&subclass=0&id=2221
Pace 'turns the corner' and returns to profit
Set-top box maker Pace Micro Technology claims to have "turned the corner",
posting a first-half pre-tax profit before restructuring costs of £1.4m
compared with a loss of £8.9m a year ago on revenues that more than doubled to
£180.2m.
Pace said it was benefiting from new product shipments worldwide, with North
America-where Pace has deals with US satellite broadcaster DirecTV and US cable
operators-contributing more than 50% of its revenues, and confirming its
strategy of targeting the world's largest digital TV market.
Pace chairman Mike McTighe said shipments were up by more than 60% to 1.8m
set-top boxes. "The commercial market place is challenging as short-term demand
is often unpredictable, but as a result of restructuring, we have created a
more customer centric, motivated, and accountable organisation. The board is
confident that progress will continue and that Pace remains on track to meet
its expectations for the 2006/07 financial year," said McTighe.
Pace said growth in market demand for high-definition TV products was being
driven by pay-TV operators, as well as "consumer demand and falling prices of
HD-ready television displays". At the same time digital switchover plans in
several countries was resulting in overall digital television market growth.
Lovelace Consulting 05.02.2007
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