Arris (Nasdaq: ARRS) hopes that a laser focus on cable operators and a wider focus on the home entertainment center will revitalize what CEO Bob Stanzione admits is a lagging business.
Stanzione said the company is "placing a big bet on the cable operators, and not hedging. For the most part we're like Ivory soap-99 percent pure." Second, it's building its new business around a "set-top box on steroids" (aka a media gateway) that Stanzione told the Atlanta Journal-Constitution "opens up a whole new segment of the addressable market."
"Top-line growth has stagnated for two years," Stanzione admitted in the article, but the new boxes and a continued faith in cable mean "we'll be back on a growth path in the second half of the year."
For more:
- the Atlanta Journal-Constitution has this story
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