SAN DIEGO -- Entropic (ENTR), a world leader in semiconductor solutions for the connected home, today announced that financial results for the first quarter 2013 will be below the Company's previous outlook.
The Company currently expects first quarter revenue to range between $74 million and $76 million. The Company's previous guidance for the first quarter was for revenue to range between $79 million and $81 million.
The Company noted STB SoC (set-top box system-on-a-chip) revenue was negatively impacted by a change in deployment plans for HD-DTA (high-definition digital-terminal-adapters) STBs by one of Entropic's end-customer U.S. Pay-TV service providers. The revised deployment plan will slow down the initial ramp of HD-DTAs and has therefore resulted in excess inventory in the channel. The Company noted the total amount of HD-DTA units expected to ship by U.S. Pay-TV service providers over the next 5 years has not changed even with this short-term set-back.
Entropic Communications Inc.