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Routing switchers will grow by over $25 million through 2013

17 May

Routing switchers will grow by over $25 million through 2013. SCRI International reports a compound annual growth rate (CAGR) of 1.25% for this product category for the three-year period surveyed.  This according to SCRI’s 2012-2013 Broadcast Pro Video Marketplace Reports which track over 20 product types and report on brand shares, key trend and market size & growth, by vertical market (broadcast tv, cable tv, video / film production, post production, corporate and institutional video ( government,educational and medical).

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Miranda “Shtum” on Potential Sale

11 May

Miranda reported Q1 revenue of $42.2 million, up 7% from 2011. CEO Seth Goodship did say in the analyst phone conference that Q1 was “softer than expected,” particularly in the US, but that the company is expecting sales to “ramp up” during the year.  Several questions abou the impending “strategic review” or sale of the company were answered with the standard company line that the “process is unfolding.” Revenue at Omnibus was not reported separately due to “competitive reasons.”  Revenue in the UK while high, was misleading since the UK is the “distribution point” of other regions in Europe.  See Miranda Reports First Quarter 2012 Results for details.

Production Switchers Market to grow by over $17 million in 2013

9 May

Production Switchers are projected to grow by over $17 million in 2013. This comes in spite of some serious market drops in certain market verticals such as broadcasters. SCRI International reports a compound annual growth rate (CAGR) of 0.81% for this product category in all six professional television/video markets for the three-year period. This year, a total of 29.8% of all facilities plan to purchase these devices. That compares favorably to 2011, when 28.7% of all markets purchased production switchers. In 2013, a total of 30.2% of all facilities expect to purchase these switchers.  This, according to SCRI’s 2012-2013 Broadcast / Pro Video (B/PVM) Marketplace Report, a series of over 20 annually updated Product Reports, detailing market size, by vertical market, as well as brand share and key trends.

Chyron Q1 Loss — CEO Talks about Industry Consolidation

3 May

Chyron’s Q1 follows the same pattern as reported for Q4 (Chyron Reports Continued Net Loss In Spite of Increased Revenue).  Q1 revenue was 7.9 million for Q1 2012 as compared to $6.6 million for Q1 2011; down from Q4 revenue of $8.1 million. Operating loss and pre-tax loss of $1.1 million as compared to an operating loss and pre-tax loss of $0.9 million in Q1 2011.  In the analyst phone conference Chyron CEO Michael Wellesley-Wesley responds to a question on the pending sales of Harris by saying that Chyron would go after the Harris Inscriber business and that he expects a lot more consolidation and sale of companies i the industry. Specially he stated that:

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Harris Pulls the Plug on Broadcast Division

1 May

Harris Corporation reported Q3 results, included in which was a statement indicating that the company has “approved a plan to divest Broadcast Communications. As a result, current and prior period financial results for Broadcast Communications will be reported as discontinued operations beginning with the fourth quarter of fiscal 2012.”

Avid Q1 Pro Editors Revenue Down 30%

28 Apr

Avid confirmed the Q1 data released earlier this month (Avid Downward Trend Continues), that overall revenues were lower than a year ago — $152.1 million for the three-month period ended March 31, 2012, compared to $166.3 million for the same period in 2011. The GAAP net loss for the first quarter was $15.6 million, or $0.40 per share, compared to a GAAP net loss of $5.1 million, or $0.13 per share, in the first quarter of 2011.

Harmonic Q1 Revenue Down, Losses Up

28 Apr

Harmonic Inc.  announced that its Q1 net revenue for the first quarter of 2012 was $127.7 million, compared to $132.8 million in the first quarter of 2011. As previously announced, net revenue for the first quarter of 2012 was adversely impacted by an unexpectedly slow order rate in the early part of the quarter and a decline in demand from European customers throughout the quarter.

Avid Downward Trend Continues — discussion

24 Apr

A interesting discussion of SCRI’s article earlier this month can be found on Creative Cow.Net at:  SCRI International – Avid Downward Trend Continues

Apple Posts Continued Growth in Q2

24 Apr

Apple announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. These results compare to revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share, in the year-ago quarter. Gross margin was 47.4 percent compared to 41.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

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Pixelworks Q1 Revenue Decline

24 Apr

Pixelworks, Inc. , a  provider of video and pixel processing technology, reported that first quarter 2012 revenue was $14.3 million, compared to $16.8 million reported in the fourth quarter of 2011 and $14.7 million in the first quarter of 2011. The sequential decrease was primarily driven by expected weaker demand in the digital projection and advanced TV markets, partially offset by licensing revenue recorded during the quarter.

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