Pace Micro Technology Impressive
Written by JDPGlobal | Sunday, 17 July 2005
Pace micro technology has reported an impressive 38 percent growth in profits. The surge in profits was driven by digital TV set-top boxes. Although margins are expected to be lower, profits for 2006 are set to be higher than expected as indicated by pre-tax profits that rose to £8.5 million from £5.7 million last year.
The executive board is enthusiastic about the company's current and future opportunities as growth would be complimented by tighter cost management, an increasing share of the digital set-top market, along with growth outside the United Kingdom’s digital TV market.
Industry experts see Pace’s recovery as remarkable, especially because the company announced a profit warnings. The company has struck a deal with pay TV and communications giant Comcast Corporation and will be diversifying in the United States by targeting the market for high-definition TV digital boxes and for digital personal video recorders equipped with massive hard disks.
