Set-top box maker Pace, not a part of the FCC's targeted U.S. set-top duopoly but a major player internationally nevertheless, has "continued to develop [their] strategy to be at the heart of the home entertainment convergence for the pay TV industry," said Chairman Mike McTighe in a statement commenting on the company's financial position.
Pace's acquisition of Paris-based IP and cable gateways specialist Bewan has had a positive impact, said McTighe, who predicted "mid single digit revenue growth" as gross margins also increase. "We entered 2010 in a strong operating and financial position with our pay TV markets continuing to be positive and with good demand for the group's products."
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