Broadband Briefs for 07/09/09
• Dish now offers locals in 180 markets
By Brian Santo
Dish Network is providing local channels in two more markets: Bend, Ore., and Marquette, Mich.
That makes at least six new markets this week.
The company said it now offers local channels in 180 markets, covering more than 97 percent of U.S. TV households. The company said it is offering local channels in high-definition in 150 of those 180 markets; the rest in standard-definition.
• Emulex rejects sweetened Broadcom offer
By The Associated Press
COSTA MESA, Calif. (AP) – Network gear-maker Emulex Corp. is rejecting Broadcom Corp.'s sweetened takeover offer of $11 per share, saying the $912 million bid lowballs the company's long term value.
The company also released preliminary fiscal fourth-quarter results at the high end of its previous forecast. Emulex expects adjusted earnings near at the top of a range between a penny and 5 cents per share on sales of $78 million to $79 million. Analysts expect 4 cents per share.
But the decision to reject Broadcom's offer, which was raised from $9.25 per share last month, sent Emulex shares down sharply. The stock dropped $1.40, or 14 percent, to $8.30 in pre-market trading. Broadcom, a chip designer, saw shares rise 45 cents, or 2 percent, to $23.80.
• Report: Hitachi to outsource TVs for U.S., Europe
By Mike Robuck
Hitachi will start using contract vendors to make the televisions it sells in Europe and the United States.
The company’s decision to outsource production of TVs outside of its home market of Japan was the result of Hitachi posting an $8.5 billion loss last year, according to a story in The Wall Street Journal.
On July 1, Hitachi split off its consumer electronics division into a new company as part of its restructuring efforts. In addition to outsourcing the production of TVs outside of Japan, the company will also buy more components from other manufacturers.
• Sharp to boost TV panel production in Japan
By The Associated Press
TOKYO (AP) – Japanese electronics-maker Sharp Corp. said Thursday it will raise production of panels for TVs to meet improving global demand.
Sharp will boost production by about 10 percent after August – to 100,000 from 90,000 – at one of its plants in Kameyama, which makes so-called "eighth-generation" glass panels, the Osaka-based maker of Aquos TVs said. The move comes on top of a decision announced in April to bring another LCD plant, in nearby Sakai, into operation in October.
Sharp has been adjusting its operations to produce bigger panels at its newer plants, while closing some of its older assembly lines that make small- and medium-size displays. It has also been trying to reshape its business amid the economic downturn to focus on China and other emerging markets with growth potential.