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Pastimes : John Dessauer's Investors World -- Ignore unavailable to you. Want to Upgrade?

To: Wren who wrote (1610)	10/2/1998 9:09:00 AM
From: polarisnh	Respond to of 2346

SFA should take a beating today! NEW YORK, Oct 2 (Reuters) - Issues to watch Friday morning: Scientific-Atlanta Inc. (NYSE:SFA - news) said Thursday it expects first quarter earnings to fall more than 70 percent short of Wall Street expectations because the weakness in international markets continues to dampen its sales. Stock closed at 20-3/8.

To: Wren who wrote (1610)	10/2/1998 9:22:00 AM
From: polarisnh	Respond to of 2346

Scientific-Atlanta issues Q1 profit warning ATLANTA, Oct. 1 (Reuters) - Hi-tech communications company Scientific-Atlanta said Thursday it expects its first quarter earnings to fall more than 70 percent short of Wall Street expectations because the weakness in international markets continues to dampen its sales. The company, which provides broadband and satellite-based video communications systems, projected it would earn between $0.02 to $0.05 per share. Analysts had predicted the company would report a profit of about $0.22 a share, according to First Call Corp., which tracks analysts estimates. The company said it expects its first quarter sales to be about $257 million, or about 13 percent less than sales of $295 million during the same period a year ago. The company plans to issue its regular quarterly earnings Oct. 22. The drop in international sales was due primarily to softness in the company's satellite and transmission businesses, the company said. International sales were about $54 million, or 21 percent of total sales, compared with $116 million, or 40 percent of total sales, in last year's first quarter. The company said domestic sales grew by about $24 million or 13 percent over last year but the growth was not sufficient to offset the decline in international sales, the company said. The company said it expects the softness in its satellite business to continue because of its significant reliance on international markets. The company's transmission business was hurt by a delay in the issuance of cable licenses in Brazil in Latin America and by other types of delays in Europe. The company said it will report a bookings increase over last year from a robust North American market with significant increases in digital networks and transmission bookings more than offsetting a decline in satellite bookings. The company said it remains convinced of opportunity in international markets in the long term and will take ''aggressive measures as appropriate'' in regards to international business strategies.

To: Wren who wrote (1610)	10/2/1998 9:29:00 AM
From: Wren	Read Replies (1) \| Respond to of 2346

On his 9/30 hotline, JD discussed three stocks. He was disappointed in the small cut that the Fed made in only one rate. He wouldn't be surprised to see the short term interest rate go back to 3% like it did in 1994. He believes CD will come back, beginning with company buy-back program started after 10Qs are filed. His short term target for CD is 20. This is a buy. His people met with FFS management. Management believes that FFS should be selling for several times the $2.25 that it has been lately, and believe that it will come back. One reason for decline is that it was removed from an Australian index because its price fell so low. This caused extra heavy selling. If you have cash and plenty of patience, this is a buy. RP is selling almost one times annual revenues. JD said this is a ridiculous price when comparing RP with similar companies. This is a buy. I am pleased to see JD discuss these stocks that have dropped so low.