Pace , the set top box maker, seems to have regained some equilibrium after a shock profit warning in May.

Then said full-year profits would fall short of expectations, which interfere in part on the Japanese seismic component supplies, and saw about 40% knocked off their shares.

In its half-year figures, it seems to calm the market, not the things that can be any worse. It said it had abandoned its way to the revised forecast in May, which is a relief given his track record to perform. Boosted by acquisitions, increased half-year sales by 21% to $ 1.18bn but organic growth was 3.5%. Six-month profits fell from $ 73.3ma year to $ 68.4. Shocker since May, said it had its problems with supplies, re-size its network business solution, it is no longer in deficit, and softened the component problems caused by the disaster in Japan. Pace Europe acquisition benefits are coming through much faster than expected, and it is conducting a strategic review, he hopes to be finished by the time of the third quarter update. Charles Brennan at house broker RBS said:

The outlook comments are short and repeat the comments from the May statement for the full year profit of $ 150m-$ 170m. We think a result in the lower half of the range looks very likely, but has increased our confidence in management to achieve this on the back of these numbers. With regard to the recommendation, the new chairman [Allan Leighton] is in the process of conducting a strategic review. This may also pause to investors reason.

Espirito Santo, said the results were in line with expectations, despite a weak performance at the center of Pace business more than offset good results from the 2Wire Division:

Nevertheless, the first-quarter profit warning, which is in the first half and the re-iteration of the forecast for the full year given back insured.

And Alex Jarvis at Peel Hunt summed up:

Overall, a more even ship - but the process of restoring confidence is expected for at least 6 months.

As a result Pace shares 11.2p to 116.2p stand at the moment. Before May, they stood at 152.9p warning.