Harmonic continues to see growing demand for its Ultra HD “solutions,” said CEO Patrick Harshman Monday on a Q4 call. Harmonic’s UHD-related sales rose 58 percent sequentially, “which continues the strong sequential UHD growth trend we saw throughout the year,” he said. “Frankly, it's been a long time coming, and we're pleased to be finally taking advantage of a growing worldwide investment cycle and deploying and monetizing high-quality ultra-high-definition programming.” The cable gearmaker expects total Q1 revenue to fall sequentially, to as low as $80 million from Q4's $113.7 million. Its outlook missed expectations, Raymond James' Simon Leopold wrote investors. "Harmonic’s business pivot has progressed, but the process will take time." The weaker guidance and other financial bad news from Casa "could fuel concerns regarding a pause in cable TV operator spending," the analyst said. Harmonic closed down 8 percent Tuesday at $4.97.
Harmonic continues to see growing demand for its Ultra HD “solutions,” said CEO Patrick Harshman Monday on a Q4 call. Harmonic’s UHD-related sales rose 58 percent sequentially, “which continues the strong sequential UHD growth trend we saw throughout the year,” he said. “Frankly, it's been a long time coming, and we're pleased to be finally taking advantage of a growing worldwide investment cycle and deploying and monetizing high-quality ultra-high-definition programming.” The cable gearmaker expects total Q1 revenue to fall sequentially, to as low as $80 million from Q4's $113.7 million. Its outlook missed expectations, Raymond James' Simon Leopold wrote investors. "Harmonic’s business pivot has progressed, but the process will take time." The weaker guidance and other financial bad news from Casa "could fuel concerns regarding a pause in cable TV operator spending," the analyst said. Harmonic closed down 8 percent Tuesday at $4.97.
Harmonic continues to see growing demand for its Ultra HD “solutions,” said CEO Patrick Harshman Monday on a Q4 call. Harmonic’s UHD-related sales rose 58 percent sequentially, “which continues the strong sequential UHD growth trend we saw throughout the year,” he said. “Frankly, it's been a long time coming, and we're pleased to be finally taking advantage of a growing worldwide investment cycle and deploying and monetizing high-quality ultra-high-definition programming.” The cable gearmaker expects total Q1 revenue to fall sequentially, to as low as $80 million from Q4's $113.7 million. Its outlook missed expectations, Raymond James' Simon Leopold wrote investors. "Harmonic’s business pivot has progressed, but the process will take time." The weaker guidance and other financial bad news from Casa "could fuel concerns regarding a pause in cable TV operator spending," the analyst said. Harmonic closed down 8 percent Tuesday at $4.97.
The U.S. Court of Appeals for the D.C. Circuit rejected FCC tribal Lifeline support limits and procedures Friday. The 2017 order was vacated and remanded for a new rulemaking in a potential win for wireless resellers like TracFone (see 1902010017). It's a clean win for the order's opponents and the biggest loss for Chairman Ajit Pai so far in court, lawyers said Friday. Others said the FCC likely won’t try a do-over on the order or pursue removal non-facilities-based providers in general from the program.
The U.S. Court of Appeals for the D.C. Circuit rejected FCC tribal Lifeline support limits and procedures Friday. The 2017 order was vacated and remanded for a new rulemaking in a potential win for wireless resellers like TracFone (see 1902010017). It's a clean win for the order's opponents and the biggest loss for Chairman Ajit Pai so far in court, lawyers said Friday. Others said the FCC likely won’t try a do-over on the order or pursue removal non-facilities-based providers in general from the program.
Silicon Labs shares closed down 14 percent to $76.85 Wednesday after revenue came up $5 million short of low-end Q4 revenue guidance. Citing “macro uncertainty and volatility,” the company scaled back its Q1 guidance to $183 million-$193 million, said Chief Financial Officer John Hollister on a call. IoT, infrastructure, broadcast and access are projected to be lower.
Silicon Labs shares closed down 14 percent to $76.85 Wednesday after revenue came up $5 million short of low-end Q4 revenue guidance. Citing “macro uncertainty and volatility,” the company scaled back its Q1 guidance to $183 million-$193 million, said Chief Financial Officer John Hollister on a call. IoT, infrastructure, broadcast and access are projected to be lower.
The DOJ Antitrust Division is “working as fast as we can” on reviewing T-Mobile's proposed buy of Sprint, which will “end when it ends,” division head Makan Delrahim said Tuesday during the State of the Net conference. Rep. Bonnie Watson Coleman, D-N.J., Free Press and other groups opposed to T-Mobile/Sprint, meanwhile, briefed congressional aides. The House Communications Subcommittee and House Judiciary Antitrust Subcommittee set a Feb. 13 hearing (see 1901280051).
The DOJ Antitrust Division is “working as fast as we can” on reviewing T-Mobile's proposed buy of Sprint, which will “end when it ends,” division head Makan Delrahim said Tuesday during the State of the Net conference. Rep. Bonnie Watson Coleman, D-N.J., Free Press and other groups opposed to T-Mobile/Sprint, meanwhile, briefed congressional aides. The House Communications Subcommittee and House Judiciary Antitrust Subcommittee set a Feb. 13 hearing (see 1901280051).
The DOJ Antitrust Division is “working as fast as we can” on reviewing T-Mobile's proposed buy of Sprint, which will “end when it ends,” division head Makan Delrahim said Tuesday during the State of the Net conference. Rep. Bonnie Watson Coleman, D-N.J., Free Press and other groups opposed to T-Mobile/Sprint, meanwhile, briefed congressional aides. The House Communications Subcommittee and House Judiciary Antitrust Subcommittee set a Feb. 13 hearing (see 1901280051).