News

High Tide for Seachange

11/16/2003 7:00 PM Eastern

Independent Research Group analyst Erik Zamkoff reiterated his buy rating on SeaChange International Inc., citing his belief that the video-on-demand equipment maker will report strong third-quarter results.

In a research note, Zamkoff said he was encouraged by recent quarterly conference calls by cable MSOs which stressed a desire to continue to roll out VOD services.

"We believe cable operators realize the potential of VOD as both a revenue generator and a churn reducer. Therefore, we expect the pace of VOD deployments to continue to accelerate in 2004," Zamkoff wrote.

SeaChange, which makes VOD servers, is expected to release third-quarter results on Nov. 25.

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