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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (20232)	3/15/2000 2:47:00 PM
From: Martin Rasch	Respond to of 54805

Something a GMST investor should know about? Martin biz.yahoo.com NEW YORK, March 15 (Reuters) - Shares in cable television set-top maker Scientific-Atlanta Inc. (NYSE:SFA - news) dropped as much as 15 percent on Wednesday before rebounding and the company said it knew no reason for the decline. Scientific-Atlanta, the leading independent maker of set-top boxes, said in a statement that it was ``not aware of any reasons for any unusual activity or price changes in its stock.' The shares were down 11-1/2, or 8 percent, at 137-7/16 in moderate trade and were among percentage-loss leaders on the New York Stock Exchange. The shares fell to 115-1/4 before bouncing back. Greg Mesniaeff, an analyst with Robinson-Humphrey Co. in Atlanta, said the shares might have fallen with an announcement from a research consortium of cable TV operators about specifications for interoperable set-top devices. The group, Cable Laboratories Inc., said it had released a final revision of its OpenCable Net Network Interface specification. The changes give manufacturers direction on how to build digital TV receivers that will work with cable TV systems' distribution equipment. Mesniaeff speculated that some investors might have viewed the news as bad for Scientific-Atlanta's proprietary technology. ``If there was a catalyst, it might be the reason why,' he said. Mesniaeff added that Scientific-Atlanta might have been hit by profit-taking after a sharp run higher. The shares have risen from a close of $100 on Feb. 28 to just over $149 at Monday's close.