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NDS Group

 
Hoover's Profile: NDS Group Limited
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Contact Information
NDS Group Limited
One London Rd.
Staines, Middlesex TW18 4EX, United Kingdom
Tel. +44-178-484-8500
Fax +44-178-484-8600

Type: Private
On the web: http://www.nds.com
 Employees: 3,961

NDS Group helps broadcasters think inside the box. The company is a leading provider of smart cards and set-top box software that manage customer access to digital satellite, pay-television, and Internet services. Its VideoGuard software and smart cards link viewers' set-top boxes with broadcasters' databases of subscriber profiles and preferences to allow authorized pay-per-view access. Digital recording platform XTV allows users to record and watch their favorite programs. Cable and satellite broadcasters use the company's software to control programming access to more than 90 million subscribers.

Key numbers for fiscal year ending June, 2008:
Sales: $850.1M
One year growth: 19.8%
Net income: $160.1M
Income growth: 18.0%

Officers:
Chairman, President, and CEO: Abraham (Abe) Peled
COO: Raffi Kesten
CFO and Secretary: Alexander (Alex) Gersh

Competitors:
Cisco Systems
Kudelski
Motorola, Inc.

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Investment Dictionary: Non-Deliverable Swap - NDS
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A swap that is similar to a non-deliverable forward, with the only difference being that settlement for both parties is done through a major currency. Non-deliverable swaps are used when the swap includes a major currency, such as the U.S. dollar, and a restricted currency, such as the Philippine peso or South Korean won.

Investopedia Says:
For example, assume two companies are entered into a swap, exchanging U.S. dollars and South Korean won. The Korean company is due to pay $110,000,000 won, and the U.S. company is due to pay $125,000 U.S. dollars. The fixed rate for the contract is taken as the spot rate for the day before the payment date. In this example, we will assume 929 won/dollar. The Korean company is then due to pay $118,406.89 ($110,000,000/929) U.S. dollars. A net payment is made on the payment date - for this example, the U.S. company pays $6,593.11 ($125,000 - $118,406.89) U.S. dollars to the Korean company.

Non-deliverable swaps have allowed emerging markets with minor currencies to hedge against currency risk.

Related Links:
Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers. A Primer On The Forex Market
Before entering this market, you should define what you need from your broker and from your strategy. Getting Started In Forex
What are emerging market economies, and are the potential rewards for investors worth the risks? What Is An Emerging Market Economy?


Wikipedia: NDS Group
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NDS Group
Type Private
Founded 1989
Headquarters Staines, United Kingdom
Key people Dr. Abe Peled, CEO
Products Conditional Access/DRM Videoguard
Middleware - MediaHighway
Broadband IPTV
Digital Video Recorders (DVRs)
Mobile
Interactive TV
Revenue ▲ $709 million US (2007)
Operating income ▲ $160 million US (2007)
Employees 3,572 as at June 2007 (>2,900 technical)
Website www.nds.com

Other statistics: (03/2007)

    Smart Cards                      75.4 million (active)
    Middleware                       61.8 million (cumulative)
    Digital Video Recorders    7.3 million (cumulative)
    Residential Gateways         2.7 million (cumulative)

NDS Group is a DRM and conditional access firm. Its major shareholders are Permira, who hold 51%, and News Corporation who hold approximately 49%. The company is headquartered in Staines, United Kingdom. The CEO of NDS is Abe Peled.

Its major product is the VideoGuard conditional access system, which is used on most of News Corporation's digital satellite TV systems. It is also used on many non-News Corp systems. In addition, VideoGuard is used in broadband IPTV, mobile solutions and cable. New solutions to secure content on PCs, PMPs and other devices have recently been displayed at CES and IBC.

As of 31 March 2007, there are more than 70 million active VideoGuard smart cards. NDS also makes the XTV PVR–DVR, which has been cumulatively deployed in more than 6.5 million set-top boxes. XTV is more commonly identifiable under the names Sky+ (in BSkyB) and DirecTV+ (in DirecTV). NDS has deployed or activated more than 50 million set-top boxes with its MediaHighway middleware.

NDS also supplies interactive TV applications, platforms, and development tools. NDS has over 3000 employees, with offices in the UK, Israel, United States, France, India, Denmark, South Korea, China, Hong Kong and Australia.

Leading customers include DirecTV (in the USA), BSkyB, Sky Italia, Sky Deutschland, SKY Latin America, SKY Network Television (in New Zealand), Viasat (in Sweden, Norway & Denmark), Foxtel (in Australia), China Central Television (CCTV), Yes and Hot (in Israel), SkyLife, CanalSat (in France), Astro (in Malaysia), Cablevision (in the USA), Tata Sky and Airtel (in India).

Contents

Profile and history

NDS offices in Har-Hotzvim high-tech park, Jerusalem

Name

The company started out as News Datacom (NDC) in 1989, and later changed its name to News Digital Systems, hence its current name.

Management

Abe Peled is Chairman and CEO of NDS. He leads a team of executives located at the company's R&D and sales offices worldwide.

Subsidiaries

NDS owns Orbis Technology, a leading provider of online gambling technology, Jungo, who provide software for residential gateways and CastUp Inc, a leader in providing comprehensive solutions for rich media production, publishing and distribution in today's most popular formats.

Piracy

NDS has in the past been accused of breaking other companies' satellite encryption schemes.

Canal Plus lawsuit

The Guardian, an independent UK broadsheet newspaper, reported that Canal Plus accused NDS of deliberately extracting the UserROM code from the MediaGuard cards and then leaking it onto the internet.[1] The Guardian story contained accusations that the NDS laboratory in Haifa, Israel had been working on breaking the SECA-produced MediaGuard smartcards used by Canal+, ITV Digital and other non-Murdoch-owned TV companies throughout Europe.

Canal Plus brought a $3 billion lawsuit against NDS. Canal Plus later dropped the action when News Corporation agreed to buy Canal Plus's struggling and heavily pirated Italian operation Telepiu[2][3].

Echostar lawsuit

On 2008-05-15 a jury in California found that NDS had violated an anti-piracy section of the Cable Communications Policy Act and California state law against piracy, cleared NDS of other charges, and awarded $1,500 in damages.[4] Echostar had sued NDS for $1 billion for piracy and copyright infringement of the Echostar viewing card codes and for aiding the distribution and supply of pirate Echostar viewing cards for the Echostar-owned Dish TV.

Tax evasion

NDS's offices in Israel were raided in October 1996 after allegations of tax evasion were made. NDS later made a $3 million "no blame" settlement with the Israeli tax authorities.[5]

See also

Economy of Israel

References

  1. ^ Cassy, John; Paul Murphy (2002-03-13). "How codebreakers cracked the secrets of the smart card". The Guardian. http://www.guardian.co.uk/technology/2002/mar/13/media.citynews. Retrieved 2008-02-25. 
  2. ^ "Vivendi settles row with NDS". The Guardian. 2003-05-02. http://www.guardian.co.uk/business/2003/may/02/5. Retrieved 2008-05-20. 
  3. ^ Tryhorn, Chris (2002-04-30). "Murdoch lines up Sky Italia". The Guardian. http://www.guardian.co.uk/media/2003/apr/30/broadcasting.rupertmurdoch. Retrieved 2008-05-20. 
  4. ^ "EchoStar Wins Battle, Loses War In News Corp. Piracy Case". Multichannel News. http://www.multichannel.com/article/CA6561344.html. Retrieved 2008-06-21. 
  5. ^ Chenoweth, Neil (2002-04-15). "Breaking the pay-TV code-breakers". The Australian Financial Review. 

External links


This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)

 
 
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