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Pace to Impact Between $35 and $50 million on Pace’s Next Rear’s Profits

Due to HDD shortage for PVRs
This is a Press Release edited by StorageNewsletter.com on 2011.11.21

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Pace to merge business units; €37m impact from hard drive shortages

Pace CEO Neil Gaydon said:" Because we ship a million PVRs every quarter, we can ship some, and it helps that we are one of the biggest suppliers in the world, so we're getting some, but not as many as we would like." The effect is likely to impact by between $35 and $50 million (€25.88 and €36.97 million) on next year’s profits.

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