Set top box software specialist mirada (LON:MIRA) has announced the commercial launch of its multi-screen product Iris for Cablevisión Monterrey in Mexico. José Luis Vázquez, mirada’s chief executive officer, tells Proactive Investors that a back of the envelope calculation indicates that the size of the contract is ahead of market expectations. “The technical implementation has been perfect,” he added. The speed at which the product is rolled out is in the hands of mirada’s partner, but if rolled out across the whole subscriber base it could mean licensing revenues of 18 to 20 million dollars for mirada.
I'm a bit surprised that there hasn't been more of an uptick in SP but would expect more during the day as news gets re-broadcast. There may be a couple of reasons though. This contract has been known about for a while and so to an extent is in the SP already. Add to that the delays and then the fact that it's probably not the blockbuster announcement we might have wanted i.e. it doesn't appear to be a full rollout ...more to come etc. It's progress though and another contract win would make a huge difference. I topped up at 12.5 this morning on the news. I think this is more long term than I'd originally thought but at least it's on track.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.