PACE: PIC a winner for HDTV, IPTV, VOIP, PVR

From the Times :-

"... Another overriding theme of last year was the acceptance that rapid advances in telecoms, technology and media have resulted in new applications that will change our lives for ever. If the TMT boom at the turn of the millennium was irrational overexuberance, there is now widespread acknowledgement that this time it is for real. We may struggle to value these stocks correctly — Google still looks outrageously expensive — but entire industries are having to adapt to new technology, and the scale of that change is only now beginning to sink in. It is not just in business that this is happening, there is a media revolution taking place in our living room that will change forever the way we behave. ..."

... and I draw attention to it here because I have suddenly felt this creep into my home, especially when the xmas banter is interrupted with comments such as 'no, you do not want another Nintendo Wii to put on the flat screen in the living room because its browser is so good, you want a cheap lap top which can talk wireless to our LAN so all the movies we download can be put on its hard disk and we can watch them in here as well as using it for the net connection', and everyone in the room nods as if this language had always been understood and accepted. I suddenly thought, gosh this future has arrived and is for real, and we will not be the only ones. The Times' article helped put that in some more context. Finally, one can look at Pace's role and business model and feel that these advances will also change forever the way that their prospects & share price will behave.