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Technology Stocks : Scientific Atlanta -SFA- going up ??? -- Ignore unavailable to you. Want to Upgrade?


To: Larry Kagan who wrote (870)7/30/2000 9:35:08 PM
From: Larry Kagan  Respond to of 1045
 
More impressions about SFA:
kagan.com

"Scientific-Atlanta has established itself as the iron-man of cable hardware. With Cal Ripken-like reliability, the company turned in another outstanding quarter. Its seventh-consecutive expectation-beating report reveals why it’s the second-best performer on the S&P 500 in the last year.
It reported profits of $59.1 mil., or $0.35/share, on sales of $552.6 mil. in fiscal Q4 ’00. That amounts to 25% and 56% increases, respectively, from Q4 ’99. That easily topped expectations of $0.27/share. For the fiscal year, it earned $155.8 mil., or $0.94/share, on sales of $1.72 bil.
Digital set-tops kept the cash register ringing. It shipped 835K digital boxes vs. 512K in Q3 ’00 and 178K in Q4 ’99. It took orders for more than 1 mil. units with bookings of $404 mil. for the quarter, up 188% year-over-year. Time Warner took 52% of the digital boxes.
Despite the good news, SFA slid $2.44 to $76.56 at midday (7/28). "