Re: Antec (sym:ANTC) 99Q3 CC Notes
Thread,
Thought I would jot down a few notes for future reference. Don't hold me to any facts because I certainly may have scribbled them down incorrectly.
The numbers clearly indicate that AT&T is going ahead quickly in upgrading their cable network to deliver voice/video/data. It's definitely for real and obviously the greatest factor that is forcing the incumbents (RBOCs) to start aggressively rolling out DSL in response.
MikeM(From Florida)
PS For new ANTC followers, if you scroll backwards through the, "who wrote," links above, it gives you an overview of Antec.
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Overall
--Q3 generated revenue of $237 million (Of which $105 was AT&T).
--Q3 revenues were up 58% yr over yr, and up a whooping 21% sequentially.
Cornerstone
--Q3 revenues are up 71% yr over yr.
--90% of Cornerstone is headend equipment.
--Strong HDT and CMTS (Host Digital Terminals and Cable Modem Termination System) sales.
--Goal is to establish large footprint for future voice port upgrades. Have shipped 970 HDTs that are in all of AT&T's markets.
--For AT&T's local access voice plans see: Message 11264008
--They sell Cornerstone to AT&T, Cox, Cablevision, Comcast.
--Shipped 338 CMTS. Major buyers are Adelphia, MediaOne.
--HDT has 4.3 million lines of capacity installed today in the United States.
--Cox is number two in cable telephony today. Cox is in seven major markets.
--Cox see local voice as being very profitable for them with high penetration rates.
Active Electronics/Transmission Products
--Q3 revenues are up 23% yr over yr.
----Antec feels AT&T has not even reached full stride yet in their re-build plans. So the future looks good for transmission products.
--ANTC is full supplier of Fiber/DWDM gear to AT&T's, "Lightwire," Salt Lake City project.
--DWDM Fiber products introduced one year ago.
--In seven major AT&T markets today.
--Time Warner did first deployment of DWDM gear.
--Newest customer is Intermedia. They will use DWDM for three rebuilds.
--Are shipping a scaleable node soon.
--Are shipping a, "Micro-node," product in December.
Powering Line
--Powering line is weak but are now in negotiations with AT&T.
--TSP will ship soon. Hoping this product will turn around division.
--TSP should do well internationally.
Keptel
--Q3 revenues are up 24% yr over yr.
--Repeaters are in high demand because of telco's HDSL rollouts.
--Shipped 8,000 ADSL POTS splitters to date. Will double production this quarter.
--G.lite should come online and add to splitter revenues.
--Fiber Management systems are selling well both in CO and outside plant.
Distributied Products
--I don't know what they said about this, so it must not be that good? Or maybe it's part of Keptel. I probably shouldn't have broken this out. But my 15 minutes will be up before I can straighten it out. |
