Technicolor expects to out-run market growth for TV set-top boxes

Technicolor is bullish about its TV set-top box business for next year, and expects to outstrip growth in the market in Europe, Asia and North America, its chief executive said on Thursday. Frederic Rose told an investor conference that 2014 looked "quite good" for the Paris-listed company's connected-home business, which generated revenue of 361 million euros ($486 million) in the third quarter, up 12.6 percent, out of total revenue for the group of 881 million euros. "I expect that in Europe and Asia we will grow much faster than the market (in set-top boxes)," Rose said at Morgan Stanley's annual Technology, Media and Telecoms conference in Barcelona. "I will give more guidance on this in February, but I feel quite good about this." He said that in North America, Technicolor, which competes with Pace, Cisco and Arris, was growing much faster than the market and would continue to do so.



via Tech News Headlines - Yahoo! News http://news.yahoo.com/technicolor-expects-run-market-growth-tv-set-top-181034569--finance.html