IPTV and home networking chipmaker Sigma Designs reported a third-quarter net loss of $2.3 million that missed expectations, causing its stock to take a double-digit percent hit earlier Friday. Quarterly revenue was down about 24 percent to $35.5 million.
The generally softer IPTV market of the last year or so could be to blamed though IPTV market activity has appeared to be up recently. Not long ago, Sigma also acquired home networking chip vendor CopperGate Communications, which should enhance its market opportunity in that burgeoning sector.
- Reuters has this story
Sigma Designs moved to buy CopperGate in October
Deutsche Bank predicted caution for Sigma last year
AT&T is still on track to reach 1 million subscribers this year
Sigma has a key affiliation with Microsoft's Mediaroom