Silicon Investor (SI) -- The First Internet Community

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 ??? -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (692)	1/11/2000 7:56:00 AM
From: Allegoria	Read Replies (1) \| Respond to of 1045

Great news for SFA! 04:19 PM ET 01/10/00 FOCUS-Motorola, Scientific-Atlanta stock up CHICAGO, Jan 10 (Reuters) - Shares in Motorola Inc. and Scientific-Atlanta Inc. , both of which make television set-top boxes, shot higher on Monday amid expectations that America Online Inc.'s deal to buy Time Warner Inc. could speed demand for Internet access via television. "I think the implication is that they'll want to merge the Internet experience with television," said Mark Roberts, a technology analyst with First Union Securities. Shares of Motorola were up 10-15/16 at 139-7/8 in late afternoon New York Stock Exchange trading, after touching a high of 143-5/8 earlier, while Scientific-Atlanta's stock was up 8-5/16 at 59-3/16, after reaching 59-1/2. "Our stock is being affected by the Time Warner-America Online announcement," said Peggy Ballard, a spokeswoman for Atlanta-based Scientific-Atlanta. She noted that Scientific-Atlanta is already a key supplier of set-top boxes for Time Warner. "What's good for our customers is good for us," she said, but added that the company would not speculate on how significantly the America Online deal might increase demand. A spokesman for Schaumburg, Ill.-based Motorola declined to comment on the stock activity. Internet service provider America Online said on Monday it would buy Time Warner, the world's largest media company, for about $164 billion in stock. The deal ranks as the largest merger ever. Analysts said the acquisition may signal increased demand for Internet access through televisions instead of computers, and customers would need set-top boxes for that. Set-top boxes sit atop television sets and are used to receive digital data from cable operators, which allow for high-speed digital services such as Internet access. Motorola last week completed its acquisition of set-top box maker General Instrument Corp. Ed Snyder, telecommunications analyst with Hambrecht & Quist, said it may be too soon to determine how significant the America Online deal would be to set-top box makers. "Certainly, it is beneficial for them, but it may be a bit premature" to speculate on increased demand. ((--Emily Kaiser, Chicago Equities News at 312 408 8787, chicago.equities.newsroom@reuters.com))