Quick Hits
by Staff -- Multichannel News, 4/28/2008 2:00:00 AM
Pace Completes Philips Set-Top Acquisition
West Yorkshire, England — Pace Micro Technology completed its acquisition of Royal Philips Electronics’ set-top box division and connectivity solutions business.
Pace and Philips last month revised terms of the deal, reducing the value of the transaction to as much as $125 million compared with up to $135 million when the agreement was originally announced in December.
Pace said the lower offer came as the result of “changes in trading terms with certain key customers and a number of other matters.”
Gemstar, Digeo Settle Litigation
Los Angeles — Gemstar-TV Guide and Digeo entered into a multiyear patent license agreement. As part of the deal, the companies settled the patent-infringement lawsuit Gemstar filed in October 2006 and Digeo’s counterclaim by mutually dismissing claims. Financial terms were not disclosed.
The agreement provides Digeo with a patent license to cover its current interactive program guides, as well as IPGs that Digeo plans to deploy with cable operators and for use on consumer electronics and PC platforms.
SMC Intros DOCSIS 3.0 Modems
Irvine, Calif. — SMC Networks announced two DOCSIS 3.0-based cable modems, which the company expects to be available in late May. The units, the SMCD3CM and SMCD3BCM “business-class” model with a Gigabit Ethernet port, are currently undergoing certification testing by CableLabs.
SMC is developing a third DOCSIS 3.0 product, the SMCD3G Cable Gateway, which adds features including static IP, firewall, network address translation, and virtual private network termination. Samples of the gateway are to be available next month.
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