Pace Optimistic Ahead of Results
Pace Micro Technology expected its performance for the year ending June 2 to be slightly ahead of current market expectations, the company announced June 4.
The technology vendor, which works with a number of DTH operators, issued the positive trading update ahead of its full-year results, to be announced July 24.
Pace credited improved performance in the U.S. market for its optimism ahead of its results. The company also cited strong demand for high-definition (HD) and personal video recorder (PVR) products as other factors behind the trading update.