loopylou7 Apr 2009 22:08
Have a lok at the news on this one
Pace plc Trading Update
7 April 2009: Pace plc, the leading independent developer of digital TV
technologies for the global payTV industry is today announcing a very
significant upgrade on its current performance expectations for 2009.
Since announcing preliminary results on 3 March 2009, demand for Pace's products
has increased across many of the Group's global markets and technologies.
Pace's improved market position, the breadth of its product offering and track
record for innovation and delivery means Pace is increasingly viewed as a
supplier of choice by many of its payTV operator customers. This combination
along with strong market demand and enhanced competitive position has resulted
in further orders from new and existing customers to fulfil consumer demand for
digital and high definition services. At the same time Pace has continued to
benefit from its programme of operational synergies and business efficiencies to
improve margin performance across the Group.
Consequently, Pace now expects that its performance will result in a very
significant increase on management's expectations for 2009 and also that it will
be in a strong position as it enters 2010. The market for high-end products is
growing rapidly, even in an advanced market such as Western Europe, less than 2%
of television households are so far subscribing to a high definition TV service
(Screen Digest data, April 2009).The Pace Bo