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General

Entropic lowers Q3 guidance, launches strategic review

Wednesday 17 September 2014 | 11:05 CET | News
Entropic, a provider of semiconductor systems for the connected home, has launched a strategic evaluation process in a bid to enhance shareholder value. The company intends to consider a wide range of alternatives and hired Barclays to help. The evaluation comes as Entropic lowered its financial guidance for the third quarter on the back of less-than-expected seasonal strength at the Direct Broadcast Satellite (DBS) Outdoor Unit (ODU) business, and continuing weakness in legacy set-top box (STB) system-on-a-chip (SoC) products. The semiconductor group now expects Q3 revenues at USD 3 million,

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Categories: General
Companies: DBS / Entropic
Countries: World
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