Latest Breaking News On - Commscope home networks - Page 15 : vimarsana.com
Cable access market rises on back of new hardware deployments - Dell Oro
lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.
CommScope struggles with supply and demand for set-tops and gateways
lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.
Harmonic shares jumped 9% the day after the video and cable tech company inked a cooperation agreement with a big shareholder that left some industry watchers scratching their heads about what it all means.
The agreement itself was pretty basic. Scopia Capital Management, an investor that has been buying Harmonic shares in recent years and now holds a stake of 9.8% in the supplier, now has the right to appoint two directors to Harmonic s board of directors during the next year. Scopia has also pledged to support Harmonic s slate of nominees at the upcoming 2021 annual meeting and abide by customary standstill and other provisions.
CommScope plans to spin off its Home Networks unit into an independent publicly traded company by Q1 2022, but that plan is not necessary set in stone. The board is certainly open to any alternatives that might emerge along that journey to the extent that it creates more value than the contemplated path, Alex Pease, CommScope s EVP and CFO, said today on a call with reporters and analysts.
The piece of the business to be spun-off by CommScope includes broadband and video CPE for service providers, along with a retail business that hawks modems, gateways and home networking gear.
Click here for a larger version of this image.