Box Shortage Slows Telewest on Digital

7/23/2000 8:00 PM Eastern

London-No. 2 U.K. cable operator Telewest Communications plc confirmed last Friday that it has suspended digital-service marketing due to a shortage of flash-memory components for set-tops. Similar shortages have afflicted U.S. MSOs.

Telewest said it was working with vendor Pace Micro Technology plc to resolve the shortage problem. Still, an HSBC Securities Inc. analyst downgraded the company's stock to "sell" from "hold."

Want to read more stories like this?
Get our Free Newsletter Here!