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


To: Greg Cervelli who wrote (252)4/23/1998 4:35:00 PM
From: Larry Voyles  Respond to of 1045
 
Earnings released this afternoon:

ATLANTA, April 23 /PRNewswire/ -- Scientific-Atlanta (NYSE: SFA) reported net earnings for the third quarter ended March 27, 1998 of $17.1 million, or $0.22 per share, an increase of 4% over the prior year's third quarter net earnings of $16.5 million, or $0.21 per share. Net earnings increased 16% sequentially over the second quarter's $14.8 million, or $0.19 per share.

Sales of $288.7 million decreased 4% compared to the prior year's third quarter sales of $301.7 million. The reduction reflects continued weakness in Asian and some European markets, offset partially by a 15% increase in the U.S.



To: Greg Cervelli who wrote (252)4/23/1998 5:52:00 PM
From: NeverRight  Read Replies (2) | Respond to of 1045
 
What happened was that CNBC put out word that Time Warner had doubled their order for set top boxes. The interesting thing was as I watched the trades on quote.com go by there were a lot of reported trades at 22-7/8 followed by cancellations of all those trades. Then the next trade was at 26. Veeery fishy.