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Last $7.28 USD
Change Today -0.02 / -0.27%
Volume 311.9K
HLIT On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 5:20 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

harmonic inc (HLIT) Key Developments

Harmonic Introduces Proview 7100 First Single-Rack, Multiformat Integrated Receiver-Decoder (IRD), Transcoder and MPEG Stream Processor

Harmonic announced that the company's ProView 7100 is the first single-rack, multiformat integrated receiver-decoder (IRD), transcoder and MPEG stream processor to support the HEVC standard. As part of an end-to-end HEVC-based video transmission solution offered by Harmonic, the ProView 7100 enables video content and service providers to decode HEVC compressed streams up to 1080p60 resolutions, maximizing bandwidth efficiency for broadcast service delivery while maintaining pristine video quality. From a high-density 1RU chassis, the ProView 7100 IRD platform offers broadcast-quality SD/HD MPEG-2, MPEG-4 AVC and HEVC decoding, in addition to MPEG-2 and AVC transcoding, to streamline workflows and decrease operating costs for video content and service providers. For applications where preserving high possible video quality is paramount, the ProView 7100 supports AVC HD and HEVC 4:2:2 10-bit decoding up to 1080p60. The HEVC decoding capabilities are available to new and existing ProView 7100 customers via a simple software update and license key. Harmonic's end-to-end HEVC video transmission solution includes the Electra X advanced media processor and Electra XVM virtualized media processor. Both media processors feature the Harmonic PURE Compression Engine for real-time encoding of SD, HD and 4K/UHD media, integrated high-quality branding and graphics, and reliable transport stream playout, providing operators with good video quality, unparalleled function integration and increased operational flexibility in a cost-effective appliance. Harmonic will demonstrate the ProView 7100 IRD with HEVC support for the first time at the 2015 NAB Show at booth SU1210.

Harmonic Inc. Adopts Amendment to Bylaws

On March 11, 2015, Harmonic Inc. adopted an amendment to Article III, Section 3.2 of the Company's bylaws to increase the number of directors of the Board from 7 to 8. The board of directors shall consist of eight members. The number of directors may be changed by an amendment to this bylaw, duly adopted by the board of directors or by the stockholders, or by a duly adopted amendment to the certificate of incorporation. No reduction of the authorized number of directors shall have the effect of removing any director before that director's term of office expires. If for any cause, the directors shall not have been elected at an annual meeting, they may be elected as soon thereafter as convenient at a special meeting of the stockholders called for that purpose in the manner provided in these Bylaws.

Harmonic Inc. Appoints Nikos Theodosopoulos to its Board of Directors and as Member of the Board's Audit Committee

Harmonic announced it has expanded the Company's Board of Directors with the appointment of Nikos Theodosopoulos. Since 2012, Mr. Theodosopoulos has served as the founder of NT Advisors LLC. Over the previous 17 years, Mr. Theodosopoulos served in various capacities with UBS, most recently as managing director of technology equity research. Prior to UBS, he was a senior equity research analyst for Bear, Stearns & Company and worked as an account executive for AT&T Network Systems. The Board also appointed Mr. Theodosopoulos to serve as a member of the Board's Audit Committee, effective immediately.

Al-Baghdadia Builds New HD Service on Harmonic Video Infrastructure

Harmonic announced that Al-Baghdadia has selected Harmonic equipment for its Egyptian Media Production City facilities to enable a smooth transition to HD. Supplied by Cairo systems integrator AV Solutions, Harmonic's Spectrum media servers, together with the WFS file-based workflow engine and ProMedia® Carbon file-based transcoders, give Al-Baghdadia a flexible, reliable, and cost-effective solution for delivering a higher-quality service. AV Solutions has installed a Harmonic ingest and playout solution that integrates new Spectrum systems with the WFS workflow engine and ProMedia Carbon transcoders. The first Spectrum system supports tape and live ingest, with WFS streamlining both file ingest and proxy generation. Another Spectrum system is used for playout under the control of Pebble Beach automation (also available from Harmonic as Polaris Advance), and is deployed in a 1+1 mirrored configuration to provide full redundancy managed by the MAS platform. Because the Spectrum system features I/O support for a wide range of codecs and built-in up/down/cross conversion, it enables back-to-back playout of SD and HD content to air, thereby allowing Al-Baghdadia to leverage all of its media assets within its new HD services.

Harmonic Names Xiaojun Dou to Role of Managing Director of China Sales

Harmonic announced the appointment of Xiaojun Dou as managing director of China sales. In his new role, Xiaojun will provide strategic direction for Harmonic's business in China and lead the company's China sales team in executing strategies key to meeting regional business goals and objectives. Prior to joining Harmonic, Xiaojun was with Avid as country manager for Greater China, a role in which he oversaw overall business operations in China, Hong Kong, Taiwan, and Macau.

 

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Industry Analysis

HLIT

Industry Average

Valuation HLIT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 1.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.3x
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