Cisco sold its set-top box business. Cisco sold it to Technicolor for $600 million. It acquired the business from Scientific Atlanta for $6.9 billion about ten years ago.
Although Cisco sells set-top boxes under the SP video segment, the market is moving toward the Converged Cable Access Platform. CCAP offers higher broadband speeds and deliver video programming through a cable network.
A set-top box is a device that converts signals transmitted by IP, cable, satellite, and digital terrestrial (DTT) to the output content that we see on TV.
SAC Capital built up its stake in Google Inc. (GOOG) last quarter by 97,523 shares, to 193,550 shares. Google accounts for a 1.26% position in SAC’s portfolio.
SAC Capital Advisors opened a new 0.29% position in Foot Locker Inc (FL), the New York–based global retailer of athletically inspired shoes and apparel.
SAC Capital Advisors opened a new 0.33% position in ARRIS Group, Inc. (ARRS). ARRIS is a global media entertainment and data communications solutions provider
SAC Capital Advisors, LP was founded by Steven A. Cohen in 1992. It has offices in Stamford, Connecticut, and New York City, as well as various international satellite offices.
