Pace Micro shares suffer

Domino effect...

By Tony Hallett, 16 April 2002 08:40

NEWS Problems at ITV Digital and UK cable companies have had an impact on set-top box provider Pace Micro Technology. Its shares fell 21 per cent yesterday on revised forecasts. The company now expects to report a loss of £5m for the second half of its financial year instead of a £3m profit. It said it will make lay-offs to cut costs.

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