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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (17514)	4/19/2002 11:42:02 AM
From: James M. Bash	Respond to of 21143

Yep, once again SFA blew away top and bottom-line estimates and made the analysts look stupid: 4:25PM Scientific-Atlanta beats by seven cents (SFA) 22.15 -0.40: -- Update -- Reports Q3 (Mar) earnings of $0.33 per share, $0.07 better than the Multex consensus of $0.26; revenues fell 32% year/year to $452.7 mln vs $428.9 mln consensus. Gross margins improved to 37.0% from 33.4% in the prior quarter. No guidance in press release. Sales, earnings, bookings, backlog, and cash all increased sequentially. VOD activity looks very promising -- this came from the Scientific-Atlanta PR: "Interactive applications, particularly VOD and SVOD are rapidly becoming more prominent. By the end of the third quarter, 14 interactive television applications were installed at 93 sites, or approximately 1/3 of Scientific-Atlanta systems in North America. These applications were available on 3.8 million set-tops. Video-on-demand (VOD) and subscription video-on-demand (SVOD) are deployed at 37 sites." And here are some sound bites I jotted down from their conference call: "We think VOD will be very popular across the whole industry." "Churn rates drop by as much as 50% once you introduce VOD." "Our customers are also getting incremental revenue in terms of additional buys per month over PPV." "SVOD seems to be a game-changer in terms of how you watch TV." "If you look at what our customers are doing, VOD is clearly a big deal and has got quite a bit of momentum." "We had a modest increase in activity with AT&T this quarter." Now just waiting for the InDemand studio/content announcements in the coming weeks, and the stage should be set... VOD is the killer app and will "suddenly" be very fashionable again.