Pace posts loss and warns of contract delays

**gameboy** · 18-01-2006

Pace Micro Technology, the maker of set-top boxes for B SkyB and other pay-TV groups, said yesterday that costly delays in contracts with US broadcasters could carry on into this year.
Shares in the company fell 6.5% to 57p as it warned that "a number of risks" remained in completing the deals with the cable operator Comcast and the satellite broadcaster DirecTV.

Pace issued the warning as it slipped into a pre-tax loss of £8.9m in the six months to December 3, partly due to problems with the US contracts. The company added that revenues from Britain - its largest market - would fall this year.

Source: Guardian

**Llew** · 18-01-2006

Wish I'd bought shares in Pace when they moved from modems to STB's - and sold them when they were sky-high

Llew

**gameboy** · 18-01-2006

They were near £8 in Jan 2001 - today they closed at 61p and that's UP 4p on this bad news!!!

**Channel Hopper** · 18-01-2006

And last year they mentioned product development in the medical profession.

**john22** · 19-01-2006

Jan. 2001. Those were the days my friends. We thought they never end.
john22.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Pace posts loss and warns of contract delays Sky digital support forum at Sats UK, Everything involved on the hardware and software side of reception of the channels from 28.2/28.5 East BskyB, special focus on fringe reception of Astra 2D for UK free to air channels