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#1
30-05-2008, 11:41 PM
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US cable contract powers Pace
US cable contract powers Pace By Julian Clover
Shares in Pace increased by 10.5% yesterday after the set-top box developer announced a new contract for the US cable market. Pace will deliver a low cost digital to analogue converter that will be delivered to the mystery buyer, believed to be Comcast, over the next three years. In a statement the Pace Board said it anticipated “the outturn for the year will materially exceed existing expectations”. Shares reached 95p marking the latest stage of the turnaround of the Saltaire-based company. In April Pace purchased the set-top box division of Philips, which acquired a 21.6% stake following the completion of the transaction
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