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Technology Stocks : ANTEC Corp. (ANTC)

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To: Judy Muldawer who wrote (303)4/17/1998 10:52:00 AM
From: Mark Oliver   of 847
 
RESEARCH ALERT - UBS raises cable equipment group

Friday April 17, 10:21 am Eastern Time

NEW YORK, April 17 (Reuters) - UBS Securities said analyst Nickos Theodosopoulos upgraded the cable equipment group, citing evidence of the start of a strong upgrade cycle by cable television operator Tele-Communications Inc. (TCOMA - news; LBTYA - news).

-- upgraded four companies to buy from hold.

-- raised General Instrument Corp. (GIC - news), ANTEC Corp. (ANTC - news), Harmonic Lightwaves Inc. (HLIT - news) and Scientific-Atlanta Inc. (SFA - news).

-- said increased attention on the cable modem and digital TV market, partially through new investors, new products and upcoming bullish cable TV industry exhibition, should cause the stocks' multiples to increase.
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