Pace have fallen a lot over the last 6 months. The move to digital is near, do you think they can recover. Presently way off previous highs.

Thomson, Pace seek DTA waivers from FCC mayo101

http://www.cedmagazine.com/News-Thomson-Pace-DTA-waivers-FCC-061909.aspx

Thomson, Pace seek DTA waivers from FCC
By Mike Robuck
CedMagazine.com - June 19, 2009
Add Thomson and Pace to the list of companies that are seeking waivers for their digital terminal adapters (DTAs) from the Federal Communications Commission.

Like Cisco and Motorola (story here), Pace and Thomson filed for the waivers after Evolution Broadband was granted its three-year waiver earlier this month for its DMS-1002 and DMS-1002 CA boxes with DTAs, which have a price range of $44-$50 per box (story here).

Evolutions waiver request was the first of its kind at the time, since it was an equipment vendor rather than a cable operator seeking exemption from the integrated set-top box decree by the FCC that went into effect in July of 2007.

The waiver allows Evolution to sell its boxes without the more expensive CableCards that were required by the separable security mandate.

In the FCCs Evolution ruling, it said it would expedite similar waiver requests from other DTA vendors, which include Cisco, Motorola, Thomson and Pace, in order to meet the low-cost, limited-capability standard set forth in the FCCs 2005 Deferral Order.

On Thursday, the FCCs Media Bureau issued notices for public comment on Pace and Thomsons waiver requests. The public comment period lasts until June 29.

Pace filed a request for a waiver pursuant to the FCCs streamlined process for its DC50X and DC50Xu DTAs, while Thomson filed on its DCI104 and DCI105 DTAs.

Comcast has been a big proponent of DTAs as it moves analog channels over to digital in order to reclaim bandwidth. Thomson, Pace and Motorola have provided DTAs to Comcast (story here).

Cable operators can reclaim between 250 MHz and 300 MHz in each system that goes all-digital. If a typical cable system has 79 analog channels and the operator decides to move 59 of those channels to digital, while perhaps leaving 20 or so as a life-line analog service for some select markets, it would reclaim 354 MHz.

Given 354 MHz of reclaimed spectrum in the example above and the fact that, on average, 10 standard-definition MPEG-2 digital programs can be inserted into one 6 MHz slot this yields enough bandwidth for nearly 590 channels.

Further to yesterdays post re- to Broker notes very interesting to see 2 latest notes out last week with Altium underlining.....

"We expect a trading update for the half to June in early July and would not rule out further upgrades for the year."

BROKER CALL Altium remains buyer of Pace; sees possible upgrades later
16 June, 2009 09:17:34 AM


Broker maintains its buy stance on Pace with a target price of 250p after the company hosted a teach-in and product demonstration for analysts and investors last night.

"Overall, our impression from the event was that the planets remain aligned for Pace and that there is still plenty of growth to come in the business in the next 2-3 years. We expect a trading update for the half to June in early July and would ot rule out further upgrades for the year."

And other broker reporting.....

BROKER CALL Pace initiated buy at WHIreland
16 June, 2009 09:12:33 AM


Broker initates Pace with a buy recommendation and target price of 235p, saying that it sees a 28% upside to the share price.

"At this point in the cycle, we suggest Pace can easily justify a 20% premium to our blended peer group valuation which suggests a target price of 235p."...ENDS

Obviously if the company are going to update come early July with further upgrades possible, brokers are going to be conservative at the moment.

Full Broker List...

Pace PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Milkstone Ltd [A]
18-06-09 BUY 70.97 16.55 1.50 86.60 19.83 1.80

Altium Securities
16-06-09 BUY 76.90 18.30 0.80 94.20 22.10 1.00

KBC Peel Hunt Ltd
12-06-09 BUY 74.31 17.25 2.00 86.16 19.93 3.00

ABN AMRO
05-06-09 BUY 72.82 16.77 0.90 84.86 19.48 1.00

FinnCap [A]
05-06-09 BUY 44.70 13.00 0.90 54.30 15.90 0.90

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 74.31 17.25 0.85 85.46 19.69 1.00

1 Month Change -1.28 -0.52 -0.56 -4.68 -1.31 -1.01
3 Month Change 34.01 7.73 -0.05 34.56 8.08 0.00

Notes to forecasts
(07 April 09) A flag refers to outlook


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS -14.10% 68.11% 14.14%
DPS % % 17.65%

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA 55.57m 93.66m 104.57m

EBIT 32.17m m m

Dividend Yield % 0.42% 0.50%

Dividend Cover x 20.29x 19.69x

PER 19.49x 11.59x 10.16x

PEG -1.38f 0.17f 0.72f

Net Asset Value PS 5.77p 62.03p 78.34p ...............................ends


a full deck of Buys rather rare in the present climate.

PIC toying with 2 again.

Close above 2!

LOVELY 48 hpours above 200p aswell.

BROKER CALL Altium remains buyer of Pace; sees possible upgrades later
16 June, 2009 09:17:34 AM


Broker maintains its buy stance on Pace with a target price of 250p after the company hosted a teach-in and product demonstration for analysts and investors last night.

"Overall, our impression from the event was that the planets remain aligned for Pace and that there is still plenty of growth to come in the business in the next 2-3 years. We expect a trading update for the half to June in early July and would ot rule out further upgrades for the year."...ends

Final sentence made my mind up for me.

Pace plc Post Period End Update (Pace Micro Technology)





TIDMPIC

RNS Number : 1137V
Pace PLC
06 July 2009

?
Pace plc Post Period End Update
Saltaire, West Yorkshire, UK, 6 July 2009:Pace plc (PIC.L), the leading
independent developer of digital TV technologies for the global payTV industry,
is pleased to report that the Company is on target to meet management
expectations for the six months ended 30 June 2009.
Neil Gaydon, Chief Executive Officer commented: "Pace has continued to
capitalise on its excellent position in the growing global market for digital TV
technology. The strong operating performance anticipated for the full year that
was outlined in our trading update on 7 April 2009 and reiterated in the AGM
statement on 22 April 2009 remains unchanged."
Pace will announce its Interim financial results for the six months ended 30
June 2009 on Monday 27 July 2009.
-ends-

On track then......nice.

Toying with 2 again - interims on Monday.

Pace triples H1 profits

My target is four digits a couple of years.

Chart starting to look interesting - 7 year high.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=14307&from=1&to=500

Rather than polluting unrelated threads with you ramping - why not play here.

New 7 year high again today.

Broken out of a rectangle trading range and heading up in another upleg.

Looks like feb 260p upper trend line is first target.

A lot of Broker Buys and coverage on this stock and why not with a miserly forward P/E of just over 10 going into 2010.....

Pace PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Milkstone Ltd
07-08-09 BUY 76.25 18.25 1.50 89.04 20.73 1.80

W H Ireland Ltd
06-08-09 BUY 73.70 17.70 3.50 91.50 22.00 4.50

KBC Peel Hunt Ltd
06-08-09 BUY 73.50 17.24 2.00 87.32 19.65 3.00

Altium Securities
30-07-09 BUY 77.00 18.60 0.80 93.60 22.30 1.00

Noble & Company
30-07-09 None 79.10 18.30 1.10 97.50 22.60 1.20

Seymour Pierce
27-07-09 HOLD 76.00 18.80 1.50 86.90 21.00 1.90

ABN AMRO
27-07-09 BUY 72.82 16.77 0.90 84.86 19.48 1.00

Singer Capital Markets Ltd
27-07-09 UREV
FinnCap [A]

07-07-09 BUY 44.70 13.00 0.90 54.30 15.90 0.90

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 75.30 18.22 1.32 89.63 21.23 1.68
1 Month Change 1.33 0.72 0.10 0.48 -0.18 0.04
3 Month Change -0.33 0.44 -0.07 -0.62 0.19 -0.30

Notes to forecasts
(07 April 09) A flag refers to outlook


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS -14.10% 77.56% 16.52%
DPS % % 27.27%

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 55.57m 81.91m 97.28m

EBIT 32.17m 72.80m 91.60m

Dividend Yield % 0.61% 0.78%

Dividend Cover x 13.80x 12.64x

PER 21.05x 11.86x 10.17x

PEG -1.49f 0.15f 0.62f

Net Asset Value PS 5.77p 62.03p 78.34p

7 year high again today.

Interesting trading last couple of days got in at 2.12 a couple of weeks ago but could not have envisaged this rapid increase in sp... : )

Have just gone long - Upgrade today and the news below yesterday.

Pace initiated with buy rating at Singer, 270p price target.




Pace Introduces First to Market Multiroom DVR Solution


Pace (LSE:PIC), a leading global developer of digital TV technologies, has today revealed an advanced multiroom DVR solution, Home Content Sharing (HCS). Paces HCS, which utilizes centralized storage to connect multiple high definition (HD) set-top boxes within the home, is integrated with Rovis Interactive Program Guide (IPG) and Rovis Connected Platform software to enhance the products advanced functionality.


Paces multiroom DVR is a market first and delivers full dual tuner HD-DVR functionality to each connected television in the home. The product is built around a single Network Attached Storage (NAS) device that provides centralized storage and enables multiple non-DVR set-top boxes in the home to access and share recorded content. Rovis IPG provides an advanced, easy to navigate graphical interface for the HCS solution. Subscribers and cable operators will be instantly familiar with the user interface and will enjoy key features such as watch and record, pausing live TV, and managing recordings from connected televisions.


Paces advanced software and NAS architecture make it possible for the HCS solution to distribute nine simultaneous HD streams throughout the home. Subscribers will be able to concurrently record six HD programs while maintaining full trick mode[1] capability, which is an industry first. The HCS solution also offers advanced DVR features including a folder system, a bulk delete tool, and the ability to bookmark playback to resume in another room.


Rovis Connected Platform software product is also being used in Paces HCS to provide a standards-based, secure content sharing platform. When used in conjunction with Paces advanced multiroom DVR software, the Connected Platform product can enable cable operators to evolve their whole home services to include more personalised content. This includes music, video, photos and Internet content, delivered using DLNA-, UPnP- and DTCP-IP-compliant devices via the home data network.


Paces product development teams have achieved an important industry first in creating a multiroom DVR platform with a groundbreaking number of simultaneous recordings and HD streams that will delight cable subscribers, said Pace Americas VP of Sales and Marketing, Tim OLoughlin. We have chosen to launch our HCS system alongside Rovis IPG due to its extraordinary prevalence in the cable market and its flexibility as an integration platform.

Cable operators continue to look to deploy solutions that provide added value to their service offerings and provide subscribers with a cutting-edge home entertainment experience, said Simon Adams, senior vice president of CE sales, Rovi. We are excited to collaborate with Pace on the launch of an innovative multiroom DVR solution that brings consumers seamless access to digital content while also giving operators more choice on how to implement content sharing capabilities in their infrastructure.

Availability

Paces HCS solution, including the set-top box and the NAS, are available for immediate deployment. For cable operators who are not currently Rovi IPG customers, the Rovi IPG is available now from Rovi.


Pace will demonstrate its HCS solution at booth #206 at the Cable & Telecommunications Association for Marketing conference and at booth #13065 at the Society of Cable Telecommunications Engineers annual trade show.

Pace Micro Technology Interim Management Statement





TIDMPIC

RNS Number : 9048B
Pace PLC
04 November 2009

?


Pace plc Interim Management Statement
4 November 2009: Pace plc, the leading independent developer of digital TV
technologies for the global payTV industry, is providing its second Interim
Management Statement for the 2009 financial year.
In the four months since 30 June, Pace has continued to execute against its
strategy to be a leader in technologies and products for the global payTV
market. Group revenues and volume deliveries are tracking to plan and Pace has
maintained a strong balance sheet and robust financial position. As anticipated
in the half yearly statement, average selling prices are increasing in the
second half of 2009 when compared to the first half due to a greater proportion
of high definition (HD) PVRs1 in the product mix. Operating margin for the full
year is expected to increase slightly over the first half.
Therefore, given current market strengths, Pace's position and good order
visibility, the Group continues to be confident in management's expectations for
the full year 2009.
During the period, Pace announced a series of HD contract wins with operators
that included Europe's largest cable TV company UPC Broadband, satellite
operator Viasat in Scandinavia, Brazil's NET Servis and new customer Sky in
Germany. An increasing number of operators ordering HD PVRs are moving to hybrid
platforms that combine broadcast and broadband delivery, where Pace has
established early market leadership.
Additionally, there was news on the first customer for Pace's new
MultiDweller(TM) technology - Canal Digital, the leading television distributor
in the Nordic market - and a series of customers for the Group's first 'whole
home' solution for US cable operators, which delivers HD content and PVR1
capability to multiple connected TVs in the home.
Commenting on the period, Neil Gaydon, Pace's Chief Executive Officer, said:
"I am pleased to report Pace is firmly on track to meet management's
expectations for the 2009 financial year as the Group continues to perform well
strategically, commercially and operationally. Pace is operating in a strong
market and has taken a leadership position in high definition and hybrid
products, where there is significant consumer demand.
"As part of Pace's ongoing growth and diversification strategy we successfully
launched our MultiDweller product, which extends triple-play delivery into hard
to reach places. We also launched the very first whole home PVR solution for the
American cable market ahead of all competition."
-ends-