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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: backman who wrote (15875)	3/8/1999 12:36:00 PM
From: Junkyardawg	Read Replies (1) \| Respond to of 90042

In SFA 27 3/8 Scientific-Atlanta can't explain shr action ATLANTA, March 5 (Reuters) - Scientific-Atlanta Inc. said Friday it could not explain the tumble in its stock price, which fell $11 from a 52-week high it hit last week. Shares traded around $26 Friday afternoon, down $4 from Thursday's closing price but off a year low of 11-3/4. The stock price had beem steadily rising since October before the latest selloff began. The company, which makes broadband and satellite-based video communications, said it was not aware of any news that could account for the stock activity. In January, Scientific-Atlanta reported second quarter earnings of $19.2 million or $0.25 a share on revenues of $310.7 million, which included a one-time gain of $0.09 a share. That compared to earnings the year earlier of $14.8 million or $0.19 a share on sales of $294.5. In February, equity analysts at Raymond James started coverage on Scientific-Atlanta shares with a buy rating and SoundView started the company at a strong buy. The company also announced last month a distribution deal with Swiss-Swedish electrical firm ABB Brown Boveri AG .