Scientific Atlanta -SFA- going up ??? Message Board

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Technology Stocks : Scientific Atlanta -SFA- going up ???

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To: E.J. Neitz Jr who wrote (320)	10/2/1998 7:05:00 PM
From: Moneysmith	Read Replies (2) of 1045

Scientific Atlanta is a buy. Wall Street strikes again. The pounding this stock took today was out of all proportion to the facts: Here is a company with no debt; $250 million in cash and securities ($3.00 per share); a dominant player in the set-top box market which is growing rapidly; and they announced today that they would start buying their own shares. SFA took a lousy quarter because in part they would not discount their product. They should still earn $.95 per share this year.If anyone took the time to review this company's news releases over the last few months it would make them wonder why it took a 37% haircut on a quarterly earnings number which, can hardly be considered either typical or indicative of a trend. Just like sharks when the smell of blood is in the water, today's traders went for the kill. Last time I checked, the shark is not a species known for its intelligence...

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