Global Markets - Latest Developments
Globecomm Systems Inc. has reported a drop in its revenue to US$ 80.6 million during the fiscal 2013 fourth quarter, compared to US$ 104.8 million in the same period last year, as the company completed a major government project in January 2013.
The decrease in revenue, equivalent to 23.1 percent, resulted in the reduction of net income to $4.6 million, or $0.20 of diluted net income per common share, compared to net income of $7.1 million, or $0.31 net income per common share in the same period last year.
Quintech Electronics & Communications is acquiring 100 percent of all shares of DEV Systemtechnik GmbH & Co. KG. Quintech, headquartered in Indiana, PA, supplies RF signal routing equipment for over 24 years. Quintech’s product line includes matrix switches, routers, splitters, combiners, amplifiers, and LNB power supplies.
DEV Systemtechnik, headquartered in Friedberg, Germany, produces RF and RF over fiber signal routing equipment, including the Optribution product line.
HEICO Corp. has entered into a definitive agreement to acquire Lucix Corp., a designer and manufacturer of high performance, high reliability microwave modules, units, and integrated sub-systems for commercial and military satellites.
HEICO said the purchase will be made for an undisclosed amount of cash to be paid at closing and future potential cash payments if Lucix should meet certain performance criteria. Lucix's financial information was not disclosed.
According to a Carrier ID survey, carried out by the Satellite Interference Reduction Group (IRG) and Newtec, 93% of respondents suffer from satellite interference at least once a year, with more than half suffering at least once a month and 17% continuously in their day to day operations.
With a little more than a month until the CASBAA Convention 2013, the Association announced a stellar roster of speakers who will be taking part in a variety of compelling panel discussions during the event. Taking place from 21-24 October 2013 at the Grand Hyatt Hong Kong, the 20th edition of the Convention will celebrate the continually evolving broadcasting industry with Change is ON THE AIR.
According to Euroconsult’s latest research report,"Satellite Communications & Broadcasting Markets Survey, Forecasts to 2022," the FSS sector is transitioning into a new environment with increased competition between satellite operators and greater uncertainty on demand usage and associated pricing conditions.
Leading lights from government and industry will join forces at ITU Telecom World 2013 to explore the best and most beneficial ways to embrace change in a digital world. The event, which recently opened delegate registration, offering early bird discounts for those registering before 15 September, will feature a dynamic global set of participants, including:
If you drive by a satellite uplink facility, also known as a teleport, you will see an array of satellite dishes, from large to small, a few buildings, and a surrounding security fence. No matter where you go in the world, the set up looks basically the same. But behind the satellite dishes, the reality can be completely different.
At IBC this year, 53 of the approximately 1400 exhibitors claim to be showing something to do with 4K. My guess is that the number is actually higher as many companies don’t list everything that they will be demonstrating in advance. So does this mean that 4K is destined to become a commercial reality?
When the NSS-8 satellite was destroyed after its launcher exploded on January 30, 2007 it overnight created a shortage of C-band capacity over Africa and the Middle East. The NSS-8 satellite had 56 C-band transponders, which was supposed to have created some relief to the African capacity market, which was already getting increasingly tight. The capacity situation over Africa is completely different today where overcapacity will be with us for some time still. This situation will have an impact on Europe and the MENA region as well.
