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To: Dale Baker who wrote (206)	11/1/2000 12:33:42 PM
From: Jim Oravetz	Read Replies (3) \| Respond to of 235

Semi-OT:Antec Sees FY01 Stand-alone Net $1-$1.10/Diluted Shr Dow Jones Newswires DULUTH, Ga. -- Antec Corp. (ANTC) expects standalone 2001 earnings of $1 to $1.10 a diluted share, on revenue of $1.2 billion to $1.3 billion. Standalone earnings are for Antec only and do not take into account the company's proposed merger with Arris Interactive LLP. A First Call/Thomson Financial survey of seven analysts estimates the company will earn $1.30 a share in 2001. In a press release Wednesday, Antec said 2000 cash earnings including the merger would be $1 to $1.10 a diluted share, on pro forma revenue of $1.3 billion to $1.4 billion. For 2001, Antec and Arris expect the combined company to have cash earnings of $1.10 to $1.20 a diluted share on pro forma revenue of $1.6 billion to $1.7 billion. At these levels, the transaction is expected to add modestly to earnings compared with standalone results in each year. As reported, Antec agreed to acquire Nortel's 81.25% stake in Arris for $325 million in cash and $33 million shares of common stock. Antec currently owns 18.75% of Arris. The transaction is expected to close in the first quarter 2001. Antec said it is basing its outlook for 2001 on a reduction in industry capital expenditure growth to 20% levels from 30% to 35% levels. Also, customers are concentrating on products that are revenue generating rather than general system upgrades. In 1999, Antec reported net income of $29.5 million excluding items, or 76 cents a diluted share, on sales of $826.6 million FWIW,Jim