Set-top box technology firm Pace said its business is continuing to feel the impact of the hard disk drive supply issues which contributed to a halving of profits in 2011 but otherwise has made an encouraging start to 2012.
Pace was badly affected by the flooding in Thailand last year which restricted the supply of hard disk drives (HDDs), costing Pace around $36m, but it also owned up to inventory control issues of its own making, which the management says it is now addressing.
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