Bennett seeks Kudelski calm

By Julian Clover

OpenTV CEO Ben Bennett has moved to calm investors in the light of comments made following the special committee’s rejection of Kudelski’s offer to buy the rest of the middleware company.

Bennett told an investor call that the company had been making significant investments in the business. He said the relationship with Kudelski remained strong. “We continue to work closely with Kudelski companies with which we have significant joint interest such as, joint customers and common competitors,” said Bennett. “We believe this strategy is in the best interest of all our shareholders and we wish to see this relationship flourish. I can assure you that the OpenTV board and management team are fully committed to the long term growth and strength of OpenTV and we continue to work effectively on a day-by-day basis.”

Announcing OpenTV’s second quarter results, the middleware and advertising solutions company generated billings of $29.8 million and revenues of $27.6 million.

Europe continues to dominate the balance sheet with the EMEA region accounting for 52% of revenues. Most recently, OpenTV Core2 and PVR2 launched on the Belgian cablenet VOO.