Member Info for lindoser

Vacancy DetailsSenior Component EngineerLocation Saltaire, UK Job Reference Department Component Engineering Reporting To Date Advertised 7 March 2011 Purpose of the Job Component Engineering is the primary source of contact for all component related issues for Pace Design Engineers, Pace Purchasing, Pace Suppliers and Pace Sub-Contract Manufacturers. Component Engineers define, oversee and maintain the specification and content of all component related information held within the parts databases and they administer the Component Approval process. Component Engineers have influence on the majority of component selection decisions, equivalents to existing components and on the processes, procedures and e-tools utilised by the business in maintaining its parts databases.

Nice find ; ) Agree Cisco could well be interested esp at these prices.

Apparently Robbie Burns (Naked trader) does! He is saying pos Sky or Samsung. Must admit my first thoughts were Sky..........but lets face it could be any one of many!! What makes you think Cisco? Also do you know whats happened to AGM1969?? He/she was a great poster.

Thanks for posting that link, was very interesting. I like this bit "If we look at industry trends, there are many markets where broadband is not yet as advanced, where [the set-top box] will be the dominant model for some countries." This is also worth a look at. http://www.pace.com/Documents/Investors/Presentations/110512_agm.pdf

Holds 16m shares himself, and his company Multiflight Ltd own another 10m shares..........Imagine his delight on tuesday!!

Founder’s backing for Pace board Published on Thursday 12 May 2011 08:06 DAVID Hood, the founder and major shareholder in Pace, has come out strongly in favour of the set-top box maker’s management team following calls for their resignation. Pace’s board is under heavy pressure after the set-top box maker announced a shock profits warning on Tuesday, sending the Saltaire-based company’s shares down 40 per cent to 93p. Yesterday they rallied to close up five per cent at 98p. Chairman Mike McTighe bought 20,000 shares at 96p. Mr Hood said: “I think there has been a massive over-reaction, the fundamentals are still sound. I am strongly behind Neil (chief executive Neil Gaydon). I think he has made a remarkable turnaround in the company’s fortunes and he has strong internal support from the staff, which is always a good sign.” But he expressed dissatisfaction with Tuesday’s announcement, blaming the group’s financial PR. “I think the way the announcement was made was very poor. I don’t yet really understand the timing, just two days before the AGM.” He said the downturn in operating profits must have been suspected when the group announced annual results in March. “Poor financial PR has always been one of Pace’s weaknesses, and I think they have been very badly advised yet again. This is one area where I would like to see changes made,” he added. Mr Hood oversaw the company through the 1980s and 1990s. http://www.yorkshirepost.co.uk/business/business-news/founder_s_backing_for_pace_board_1_3372412

Anyone going?? Anny : Suggestion.......give it a rest.

http://www.totaltele.com/view.aspx?ID=464673 Pace unseated Motorola in set-top box shipments last year - ISuppli By Matt Jarzemsky, Dow Jones Newswires Wednesday 11 May 2011 U.K. vendor takes lead in unit terms, but Moto holds top spot when it comes to revenue. The U.K.'s Pace PLC surpassed Motorola Inc. as the world's No. 1 seller of set-top boxes by number of units shipped last year, helped by robust growth in North and South America, according to market researcher IHS iSuppli. Motorola remained the leader by revenue. The company split its set-top box and smartphone operations--now operating as Motorola Mobility Holdings Inc.--from its business and networking units at the beginning of this year. Pace's 2010 set-top box shipments jumped 21% to 20.7 million units, compared with Motorola's volume rising 4.2% to 19 million units, according to iSuppli, a unit of IHS Inc. Pace's set-top box revenue rose 8.1% to $1.9 billion, while Motorola saw a 9.5% decline to $2.4 billion. Pace's "high-volume deals such as selling boxes to Comcast" have helped it take market share from rivals and has benefited from fostering "new big-volume customers like Net Servicios in Brazil," IHS's Tom Morrod said. Meanwhile, Motorola and Cisco Systems Inc. and European peers Pace and Technicolor all saw their average selling prices decline between 2% to 12% last year. The U.S. brands have sharply higher selling prices than their rivals across the Atlantic.

Agree with that mate..........lets see what late buys come in!!!

Lol.....yeah well they can bog off with that offer : ))

80p target??? How the f do they justify that one???

Gathering some pace now.............sorry couldnt resist

just gone through

is that loud enough!

Guess you didnt have a stoploss set...........some of those that did will be seriously hacked off. Atb

Dare I say it but this now looks like a T/O target at this price!!

Sorry mate, its a burger when this happens my heart goes out to those that have lost out, happened to me with encore we just have to try and make the most of the buying opportunities...........the fundamentals are still good. Atb

what a bargain this is now, similar thing happened to micro focus and it soon recovered

Cheers for that mate.

They were trading 6.5 percent higher at 360 pence by 1113 GMT, valuing Micro Focus at about 710 million pounds ($1.2 billion). The British company has often been named by traders as a target for a private equity buyer, or for U.S. firms IBM , Oracle or Microsoft, or Germany's SAP. Matrix analyst Rajeev Bahl said Micro Focus's free cash flow yield of above 10 percent and maintenance base worth around 60 percent of its market cap would attract private equity interest. 'Around those levels, private equity tends to look at these kind of low organic growth, high margin, high cash flow software companies,' he said. Other potential buyers could be either IBM, as Micro Focus had been nibbling away at its market at the low end, he said, or Microsoft, which might want to use a deal to shift more Microsoft server licenses to displace IBM units. 'There has been private equity interest in the past,' he said. 'Or (it could be) IBM, or Microsoft as a competitive move against IBM in that space.' http://www.reuters.com/article/2011/04/26/us-microfocus-idUSTRE73P29X20110426 I did read talk of £4.50, still looking for the link. Who knows it could even end up a bidding war!