MTVN's McGrath To Headline CES
New York — MTV Networks chairman and CEO Judy McGrath will provide a keynote address at the Consumer Electronics Show Jan. 6 in Las Vegas. It's the first time a cable-network executive will deliver a keynote address at the convention.
“Judy McGrath's participation is a perfect complement to the growing presence of content and cable providers at CES,” CES said in a statement.
McDonald Takes Medical Leave
Atlanta —Scientific-Atlanta Inc. said chairman and CEO Jim McDonald had elective surgery last week to remove his prostate.
S-A said McDonald expects to be out of the office 45 to 60 days. In a statement, McDonald said he would remain in contact with his staff during his absence and expects a return before the holidays.
S-A said the company will be managed by the office of the chairman, which includes Wally Haislip, senior vice president, finance and operations; Michael Harney, senior vice president and president, subscriber networks, and Dwight Duke, senior vice president and president, transmission network systems.
Concurrent: VOD 'Fell Short' in Q1
Duluth, GA. — Concurrent Computer Corp. reported consolidated revenue for its fiscal first quarter ended Sept. 30 of $17.3 million, down from $18.9 million in the year-ago period.
Video-on-demand revenue slipped 17.7% to $8.5 million from $10.4 million in the prior-year quarter.
The vendor posted a first-quarter net loss of $5 million, or $0.08 per fully diluted share, including severance costs of $700,000, versus net income of $600,000 ($0.01) in the first quarter of the previous fiscal year.
“North American VOD fell short of our expectations,” Concurrent CEO Gary Trimm said in a prepared statement. “Orders for five new market deployments were once again delayed. However, we do expect that these orders will be received and revenue will be recognized in our second quarter.”