Scientific Atlanta -SFA- going up ??? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Scientific Atlanta -SFA- going up ???

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: don page who started this subject	8/15/2000 3:18:26 PM
From: dogemup	Read Replies (1) of 1045

Merrill Lynch reiterates Buy and $110 Target today FWIW-Disc. Long SFA Scientific Atlanta (SFA, C-1-1-7, $82 1/4) FY01E $1.40; FY02E $1.85 • SFA stock was down about 11% yesterday. We believe the recent weakness represents a particular buying opportunity. • Some investors have been concerned about the sustainability of growth in the transmission business. We are confident in our estimates of 20% revenue growth in fiscal 2001 and 15% in fiscal 2002 for this business. Orders have been strong, capex in the U.S. seems positive for the balance of this year, and international markets have rebounded. • We believe most of the upside will come from the digital set-top box business. Orders, backlog, and recent contracts provide high visibility. With a penetration rate of about 10%, the company should sell as many set-top boxes it can make. • We are re-iterating our Buy ratings, and our price objective of $110. (T. Long)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next