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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote ()2/25/2000 12:05:00 PM
From: digitaltrader   of 108040
 
TTV undervalued fiber company w/ Cisco Alliance

Cabletel is a full service distributor of broadband communications equipment(coaxial and fiber optic cable, electronic signal modulators and amplifiers) and manufactures brass and aluminum coaxial cable connectors through the Stirling subsidiary. For the six months ended 6/30/99, sales rose 18% to C$23.9 million. Net income totalled C$198 thousand vs. a loss of C$422 thousand. Results reflect the Company's aggressive focus on sales and a $122 thousand gain on the sale of a building.

Stirling Connectors is enjoying a phenomenal start to 2000 with backlog up from $1.9 million at this time last year to $5.1 million this year. Part of the increase is a result of the continuing success the company is enjoying in Israel.

Deal w/ CSCO
The company said with Cisco's (CSCO: news, msgs) help, it will provide broadband customers with Cisco's Internet networking products,including universal broadband routers. Based in Markham, Ontario, Cabletel distributes broadband equipment to the Canadian television and telecommunications industries.

cbs.marketwatch.com/archive/19991104/news/current/ttv.htx?source=blq/yhoo&dist=yhoo

Going forward, Cabletel will benefit from several recently signed contracts which include: Stirling Connectors division to supply product to Charter Communications valued at up to $5 million per year; Stirling Connectors to supply equipment for Israel's first Direct Broadcast Satellite service which will generate up to $3 million; further significant Israeli contracts on the way; and, most importantly, Cabletel's partnering with Cisco Systems (NASDAQ: CSCO - news) Canada that will provide cable operators the most advanced internet equipment. The agreement with Cisco presents an opportunity to dramatically increase Cabletel's future revenues and earnings.
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