Luc,
first off, just for the record, I don't have a position in ANTC at this time. If anything I contemplate going long.
Yes, results were encouraging, with TCI business recovering greatly. Also, the 3-yr contract for up to $900m is good news. Reading the 10-K for 1997, I really get the impression that they are well positioned in the cable market. Also, the CEO made encouraging forward-looking statements in the press release and CC. I guess Wall Street is not fully convinced yet, so we probably need more proof that ANTC is up and running again.
One negative I see is that the gross margin is only about 25% which is an improvement, but is not that much in itself... But I'm not finished with my review anyway, so this is just one tidbit that caught my eye.
I'll be watching this stock,
Thomas |
