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: E.J. Neitz Jr who wrote (197)	2/11/1998 3:59:00 PM
From: Robert Ling	Read Replies (1) of 1045

Here's why: NEW YORK -(Dow Jones)- Prospects that digital set-top boxes made by Scientific-Atlanta Inc. will be used by the nation's cable television operators sparked a surge in the company's shares Wednesday. Shares rose 12% after Ragen MacKenzie analyst Mary Ryan issued a "buy" recommendation on Scientific-Atlanta (SFA) stock, which analysts say also was helped by the perceived easing of the Asian economic crisis. Scientific-Atlanta shares were trading at midafternoon up $1.975, or 12%, at $17.625 on volume of 1.4 million shares, compared with the daily average of 615,500. "Given their technological lead, Scientific-Atlanta could capture between 35% to 50% of the digital set-top market," Ryan said. "Longer-term, a resumption in growth in the U.K. and Asia would improve profit margins."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next