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To: steve olivier who wrote (6721)	1/28/1999 4:31:00 PM
From: Goodboy	Respond to of 21142

Street was looking for .04 to .06 for the quarter on SFA before they prereleased earnings. Analysts upped their target to the .10 to .14 range. Here are the results: Release Date: January 28, 1999 Scientific-Atlanta Reports Record Second Quarter FY-99 Revenues and Earnings ATLANTA –January 28, 1999. Scientific-Atlanta today reported that revenues for the second quarter of fiscal year 1999 ended January 1, 1999 totaled $310.7 million, a record for any second quarter, compared to the previous year's second quarter revenues of $294.5 million. The increase in revenues compared to last year was due primarily to strong domestic sales of Explorer® 2000 interactive digital set-tops and network transmission equipment. Orders booked in the second quarter were $290.5 million compared to $312.6 million in the previous year's second quarter. New bookings totaled $302.8 million with continued robustness in all US markets, offset somewhat by approximately $12 million in debookings in the company's satellite network business associated with the international economic downturn. The company previously reported softness in part of its satellite business due to its heavy reliance on international markets. Record second quarter net earnings were $19.2 million, or $0.25 per share, compared to the prior year's second quarter net earnings of $14.8 million, or $0.19 per share. Net earnings include the results of transactions related to the company's investment in Broadcom Corp. As previously announced, the company sold a portion of its shares of Broadcom Corp. stock during the quarter, and as required by generally accepted accounting principles, marked to market its remaining Broadcom investment at the end of the quarter. The net effect of these transactions added $0.09 per share to the company's results for the second quarter. The company's balance sheet remained strong with cash and marketable securities of $198.3 at the end of the quarter. Cash and marketable securities declined $62.9 million sequentially, primarily due to the purchase by the company of 4 million shares of its common stock in open market transactions for $54 million. Net earnings for the first six months of fiscal year 1999 were $34.2 million, or $0.44 per share, compared to $31.3 million, or $0.40 per share in the prior year's first half. Scientific-Atlanta President and CEO James F. McDonald said, "We are pleased with the results of the quarter and that commercial deployments of our Explorer 2000 digital interactive systems are gathering momentum. Initial subscriber reaction has been very positive. We are focused on accelerating the deployment of our digital networks in the quarter ahead." Seventeen cable operators in the US and Canada have committed to deploy the Scientific-Atlanta digital interactive system. Eighty-nine sites have been committed to date, with more than 17 million basic cable subscribers and 25 million homes passed in those sites. Thirty-one systems have been fully installed at customer sites, with additional systems provided to applications developers and test facilities. Eight systems have begun commercial deployments to paying subscribers. These systems include Charter Communications in Glendale, CA, Cox Communications in Phoenix, AZ and San Diego and Adelphia Communications in Buffalo, NY and Toms River, NJ. The company announced that Time Warner Cable purchased 100,000 Explorer 2000 digital set-tops in the quarter. In addition, Time Warner has purchased more than 30 Scientific-Atlanta digital network systems as part of the national rollout of their Pegasus real-time digital network.

To: steve olivier who wrote (6721)	1/28/1999 5:21:00 PM
From: DEER HUNTER	Respond to of 21142

feeling fine....and that scares me a little. Nice close today. Note the lighter volume today versus yesterday. Just an indication that less and less stock is for sale as time clicks away. I agree with you that another pullback is most probable. I hope they prove me wrong cause I'm done buying for the moment. I think. Goodboy...that was a joke? <ggg> Don't toy with me....you know I believe everything I read. Doesn't everyone? <G> DH

To: steve olivier who wrote (6721)	1/29/1999 1:21:00 PM
From: DEER HUNTER	Respond to of 21142

ho hum.....zzzzzz....the curse of the advancing DOW continues. It's a conspiracy I tells ya!!! Volume at noon somewhere near 140,000 shares....no big deal for a sell off. It does get confusing sometimes....light volume on the advance...then light volume on the decline. I guess people are focusing on the upcoming earnings report. It will be 2/8 after the close from what I read somewhere. ps...nice market calls lately Steve. There is nothing harder than calling very short term moves....good job. DH