Pace Optimistic Ahead of Results

By | June 5, 2007 | Europe, ST Briefs

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.

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