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Technology Stocks : C-Cube

CUBE 36.62

-0.1%

Nov 14 9:30 AM EST

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To: John Rieman who wrote (38169)	1/12/1999 4:42:00 PM
From: DiViT	Read Replies (1) of 50808

City: BSkyB on target for Pace 01/12/99 The Daily Telegraph Copyright (C) 1999 The Daily Telegraph; Source: World Reporter (TM) BSKYB has met its Christmas target of selling 200,000 digital set-top boxes, according to one of the satellite broadcaster's biggest suppliers, Pace Micro Technology. Pace's chief executive Malcolm Miller, reporting a bounce back into the black for the set - top box maker, said: "I'm sure they did." He said Pace alone had shipped 200,000 to BSkyB by the end of November, but did not give December figures. "Christmas sales were very good," Mr Miller said. "There was continual demand up until Christmas for BSkyB, and we know that for ONdigital (Sky's terrestrial rival) demand was far outstripping supply." Pace reported interim pre-tax profits of pounds 8.3m, against a loss of pounds 12.3m last time. Mr Miller said he was comfortable with full-year forecasts of pounds 12m. Last year Pace said first-half profits would be exceptionally strong because it temporarily had most of the market to itself. The interim dividend is being lifted 25pc to 1/4 p, payable on April 9. The shares fell 2 to 91 1/2 p.

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