Entropic Communications slashed its forecast for Q1 revenue to $74...
Entropic Communications slashed its forecast for Q1 revenue to $74 million to $76 million, blaming a slowdown in a pay-TV operator’s deployment of high-definition digital transport adapters (HD-DTA). Entropic, which developed the PNX8475 chip for HD-DTAs, originally projected Q1 revenue…
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of $79 million to $81 million. As a result of the change in HD-DTA deployment plans, “excess inventory” has built up, Entropic said. Entropic didn’t identify the pay-TV operator, but has Comcast, Cox Communications, DirecTV, EchoStar, Time Warner Cable and Verizon as customers, largely for its multimedia-over-coax (MoCA) chips. Despite the slowdown, the number of HD-DTAs expected to ship through 2018 hasn’t changed, Entropic said.