SeaChange posted a 1Q loss of $578K vs a profit of $3.2mln last year. Sales were down 24% to $31.5mln. The vendor warned earlier in the month that a temporary slowdown in US cable VOD spending would cause it to miss previously announced guidance. "As US cable operators begin their digital simulcast deployments and the telco deployments begin in earnest, we expect demand for VOD systems, software and services to increase significantly," CEO Bill Styslinger said. SeaChange lowered full-year rev guidance to $160mln from $190mln.

The Daily

Subscribe
Tuesday–November 24

FCC Seeks Comment on NAB NextGen Petition

The FCC Media Bureau is seeking comment on NAB’s petition regarding the treatment of multicast streams under the NexGen TV local simulcasting rules.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up