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To: Stoctrash who wrote (38629)	1/29/1999 11:01:00 PM
From: BillyG	Read Replies (2) \| Respond to of 50808

Demand pumps up Scientific-Atlantic Q2 earnings biz.yahoo.com ATLANTA, Jan 28 (Reuters) - Hi-tech communications company Scientific-Atlanta (NYSE:SFA - news) reported on Thursday its fiscal second quarter operating earnings beat Wall Street estimates as more and more U.S. customers plugged in its interactive digital set-tops and network transmission equipment. The provider of broadband and satellite-based video communications said its operating earnings per share in the second quarter ended December was 16 cents per share, above the First Call consensus of 6 cents per share. Earnings were given a hefty shot from sales, which rose nearly six percent in the quarter to $310.7 million from $294.5 million the previous year. Wall Street analysts were predicting sales to reach $262 million. Net income, meanwhile, rose to $19.2 million, or 25 cents per share, from $14.8 million, or 19 cents er share, a year earlier. The earnings include the sale of shares -- worth 9 cents per share -- in Broadcom Corp (Nasdaq:BRCM - news), a communications circuit maker. ''We are pleased with the results of the quarter and that commercial deployments of our Explorer 2000 digital interactive systems are gathering momentum,'' said Scientific-Atlanta President and Chief Executive Officer James F. McDonald. ''We are focused on accelerating the deployment of our digital networks in the quarter ahead,'' he added. The company shipped about 126,000 Explorer 2000 set-tops in the second quarter. Earlier this month, Time Warner Cable, a unit of Time Warner Entertainment Co, L.P., bought 100,000 Explorer 2000 set-tops in preparation for its launch in Austin, Texas, and other systems in 1999. It was unclear if the sale was accounted for in the second quarter or will show up in the third. Company officials could not be reached for comment. Time Warner Cable, which serves 12 million subscribers in 37 states, is committed to buying 1.1 million set-tops, with an option for 500,000 additional units.