U.S. Performance Boosts Pace Profits

An unexpectedly strong performance in the United States will lead to higher profits for set-top box manufacturer Pace Micro Technology, the company announced July 17.

Profit before tax for the shortened 2007 year will be significantly ahead of current market expectations of 8 million British pounds ($16.3 million) “due to further progress on product approvals for its U.S. customer base and anticipated increased volumes to a U.S. customer,” Pace said.