Entropic cuts outlook on delay in set-top box orders

(Reuters) - Entropic Communications Inc, which designs chipsets for video and broadband multimedia applications, cut its outlook for the first quarter as a U.S. pay-TV service provider delayed orders for set-top boxes. Shares of the company were down more than 8 percent at $4.26 in morning trading on Monday. Entropic's chips are used in set-top boxes made by network gear makers such as Cisco Systems Inc and Motorola Solutions Inc. Service providers including Verizon Communications Inc, DirecTV and Time Warner Cable Inc deploy these set-top boxes. ...



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