Met@box upgrades forecast

Shares soar 25%

BERLIN — German set-top box manufacturer Met@box announced Tuesday it had received an order worth 500 million marks ($245 million), leading it to double its 2000 revenues forecast and sending its shares soaring 25%.

The company, which is listed on Frankfurt’s technology-rich Neuer Markt, said it would deliver 500,000 boxes — which enable users to surf the Web on their television sets — to an unnamed buyer.

An e-commerce platform is also planned.

Delivery to households in the recipient country will begin in the third quarter, following a trial run with a television station in the market in June.

Met@box said the deal, which runs for two years, led it to correct its revenues outlook for 2000 to $98 million from $48.5 million. The company now expects 2001 sales to reach $294 million.

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