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Harmonic Debuts Encoder

Harmonic announced its new DiviCom Electra 7000 HD MPEG-4 AVC (H.264) encoder.

The vendor said the Electra 7000 is the world's first multichannel, multiservice HD H.264 encoder, and it supports up to four full-resolution HD channels and can simultaneously create low-resolution services for picture-in-picture or multichannel mosaic applications.

In other Harmonic news, the company reported net sales of $53.3 million in the second quarter, down from $56.2 million in the first quarter and $59.8 million in the year-earlier period.

The vendor said the lower-than-anticipated net sales were primarily a result of supply-chain constraints on certain product lines and the timing of completion of certain projects underway for international telco customers.

Harmonic’s GAAP (generally accepted accounting principles) net loss for the second quarter was $2.9 million, or $0.04 per share, versus $2.5 million ($0.03) for the second quarter of 2005. The company said its second-quarter-2006 figure included a noncash charge of $1.5 million for stock-based compensation expense.