Scientific-Atlanta Chosen by Smart Money Magazine As One of the 10 Best Stocks to Own for the Next Decade
ATLANTA, Dec. 2 /PRNewswire/ -- Scientific-Atlanta, Inc. (NYSE: SFA - news) today announced that it has been selected by Smart Money magazine as one of the ''Ten Stocks for the Next Decade.'' Smart Money recognized Scientific-Atlanta for its growth potential, vision and strong execution, noting: ''In our view, the company best poised to profit from the coming (digital entertainment) revolution is Scientific-Atlanta.''
''Smart Money's selection of Scientific-Atlanta as one of the 10 best investments for the next decade recognizes our growth prospects and continued focus on delivering shareholder value. Moreover, it points out the tremendous advantages the cable industry has in providing new interactive services to consumers,'' said Jim McDonald, president and CEO of Scientific-Atlanta. ''We are honored that Smart Money placed Scientific-Atlanta in the company of other technology leaders, such as America Online, Nortel and Nokia, as a top investment choice.''
Scientific-Atlanta is leading the convergence of the television and the personal computer with its award-winning Explorer® 2000 set-top and digital network. The company was first to deploy IP-based digital interactive set-tops to paying subscribers and is currently shipping more than 20,000 Explorer set-tops per week to cable operators throughout North America. The new services operators are beginning to roll out on the Explorer 2000 include video-on-demand, Internet access and email, with TV gaming, home shopping, home banking and many other services envisioned in the near future.
To speed development of new applications in the open environment of the Explorer platform, Scientific-Atlanta has also implemented the CreativeEdge(TM) Developers Program for third-party developers. Participants in the program, which include IBM, Microsoft's WebTV, Intertainer, Liberate, Wink and others, have already announced such diverse new applications as home networking, targeted advertising and word processing over television.
In addition, Scientific-Atlanta is one of the world's largest providers of network equipment to the cable industry. A leader in fiber optic and optical transport products, the company recently announced a breakthrough technology -- called baseband digital reverse -- for enabling higher network capacity for interactive services. The new technology has been adopted by AT&T for key network upgrades.
Scientific-Atlanta, Inc. (http://www.sciatl.com ) is a leading supplier of broadband communications systems, satellite-based video, voice and data communications networks, and worldwide customer service and support.
''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 the Company's actual results to differ from the anticipated results expressed in such forward-looking statements. Investors are referred to the Company's Cautionary Statements (Exhibit 99 to the Company's most recent Form 10-K), which statements are incorporated into this news release by reference.
Explorer is a registered trademark and CreativEdge is a trademark of Scientific-Atlanta, Inc.
SOURCE: Scientific-Atlanta, Inc. |
