Read this: informitv - NDS profits halved in changing media landscape
Summary: Pay-television technology company NDS reported profits down by 56 in the last quarter on revenues down 11 at 182 million. Of this 98 million was for conditional access systems, down 19 from 121 million in the same period a year ago. Although NDS shipped more smart cards in the quarter than a year ago, the results apparently reflected volume discounts on the renewal of contracts with large customers and differences in when revenues were recognised. - informitv.com
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