Scientific-Atlanta Comments on Stock Activity and Business Prospects
ATLANTA, Aug. 17 /PRNewswire/ -- Scientific-Atlanta, Inc. (NYSE: SFA) stated today that it knows of no reason relating to its operations that would account for the recent unusual volume and price activity in its stock. In the last 60 days, the company completed a record fiscal year in which bookings grew by 61%, and sales grew by 38%. Net earnings from operations for the year increased 150% to $151.7 million, or $0.92 per share. The company ended the year with an all-time record backlog exceeding $800 million, including more than 1.5 million digital set-tops.
"Forward-looking statements," as defined in the Private Securities
Litigation Reform Act of 1995, may be included in this news release. A
variety of factors could cause Scientific-Atlanta's actual results to differ
from the anticipated results expressed in such forward-looking statements.
Investors are referred to Scientific-Atlanta's Cautionary Statements (Exhibit
99 to the company's most recent Form 10-Q), which statements are incorporated
into this news release by reference.
Scientific-Atlanta, Inc. (http://www.scientificatlanta.com ) is a leading
supplier of broadband transmission networks, digital interactive subscriber
systems, and worldwide customer service and support.
Scientific-Atlanta and the Scientific-Atlanta logo are trademarks of
Scientific-Atlanta, Inc.
SOURCE Scientific-Atlanta, Inc.
-0- 08/17/2000 |
