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Technology Stocks : General Instrument Corp.'98 (GIC) -- Ignore unavailable to you. Want to Upgrade?

To: John F. Dowd who wrote (221)	4/2/1998 12:52:00 PM
From: SunFun501	Read Replies (1) \| Respond to of 615

news 11:53 DJ =Cable-Equipment 1Q -2: Digital Svcs Could Prove Beneficial Scientific-Atlanta Inc. (SFA) and General Instrument Corp. (GIC), two large providers of set-top boxes, stand to do well as new technology develops. "Right now, those are the two leaders in digital," UBS Securities' Theodosopoulos said. "It could change, but it's the situation in the U.S. If digital services sell well, those companies could do well." A First Call Corp. survey of 15 analysts expects Norcross, Ga.-based Scientific-Atlanta to post earnings of 21 cents a share in its fiscal third quarter, against year-ago earnings of 21 cents a share on sales of $301 million. The same number of analysts expects General Instrument, which recently switched its name from NextLevel Systems, to report earnings of 11 cents a share, against results of 13 cents a share on $641.3 million in the year-ago period. In Scientific-Atlanta's second quarter, the company reported earnings 5 cents below a First Call estimate, citing weakness in its Asian markets. Accordingly, its stock dipped. However, it has since rebounded. The shares recently were down 1/16, or 0.3%, at 19 9/16 on volume of 143,000 shares. Average daily volume is 754,800. The shares hit a 52-week low of 14 Jan. 23. As for Antec Corp. (ANTC), the Rolling Meadows, Ill., equipment supplier and developer, five analysts expect a first-quarter loss of 1 cent. In the year-ago period, Antec reported a loss of 42 cents on sales of about $120 million. Analysts expect Harmonic Lightwaves Inc. (HLIT), of Sunnyvale, Calif., to report a loss of 3 cents a share. In the year-ago period, the company reported earnings of 18 cents a share on sales of $19 million. Amphenol Corp. (APH), the Wallingford, Conn., maker of fiber-optic connectors, is expected by a consensus of five analysts to report first-quarter earnings of 54 cents a share. In the year-ago quarter, the company posted earnings of 39 cents a share on sales of about $211.8 million. Meanwhile, a consensus of seven analysts expects a loss of 11 cents a share from Ortel Corp. (ORTL), of Alhambra, Calif. In the year-ago period, the company posted earnings of 12 cents a share on revenue of $19.7 million. According to Kinetic Strategies' Harris, waiting for TCI may well be the only option available for the cable-equipment firms. "A lot of the major operators are already far along in their upgrades," Harris said. "TCI was the laggard. There is money to be had over the next three years from TCI." -Brian Steinberg; 201-938-5218; brian.steinberg@cor.dowjones.com (END) DOW JONES NEWS 04-02-98 11:53 AM