Entropic Communications (ENTR) is climbing after research firms DA Davidson and Wunderlich Securities reported that the company had obtained important design wins from Comcast (CMCSA). In a note to investors earlier today, DA Davidson analyst Aalok Shah wrote that information obtained from the FCC indicated that Entropic had obtained a number of design wins from Comcast for the cable company's IP set-top box, the X13-H. Specifically, Entropic will provide the connectivity and System-on-a-Chip components of the product, the analyst reported. Entropic may receive $8-$10 for each X13-H that Comcast deploys, Shah wrote. Given Comcast's large customer base, the analyst believes that a substantial number of the product may be deployed. The device may begin rolling out in the first half of next year, added Shah, who reiterated a Buy rating on Entropic. Wunderlich also reported that the first version of the X13-H, which was approved by the FCC, would utilize Entropic's connectivity solution and its System-on-a-Chip components. The firm, which maintained a Buy rating on Entropic, views the wins as positive but believes it's too early to speculate on their financial impact. In mid-morning trading, Entropic rose 29c, or 5.54%, to $5.43.
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