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Pace Sees Early Benefits From Philips Acquisition

By | July 10, 2008

      [Satellite Today – 07-10-08] Pace expects to perform ahead of expectations over the next year, the company said July 10.
          The set-top box manufacturer expects to benefit from a combination of a favorable exchange rate and stronger-than-expected performance of certain parts of its business.
          Pace France, the renamed Philips set-top box and connectivity solutions business Pace acquired in April, in particular has benefited from these conditions, Pace said. Pace France initially was expected to post a loss in 2008 but now is profitable, and Pace expects that the company’s performance for the year will significantly exceed current expectations.

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