Vendors produce solid Q2 performances.(Earnings)(Scientific-Atlanta Inc., Motorola Inc., Terayon Communication Systems Inc., CSG Systems Inc. and CommScope Inc.)
Multichannel News, August, 2004 by Stump, Matt
Cable vendors continued to see more light at the end of what had been a dark financial tunnel for the sector. Scientific-Atlanta Inc., Motorola Inc., Terayon Communication Systems Inc., CSG Systems Inc. and CommScope Inc. last week all reported solid second-quarter revenue and earnings numbers.
Scientific-Atlanta generated $70.2 million in fiscal fourth-quarter earnings on sales of $458.8 million, aided by increased demand for advanced set-tops. Revenue in the quarter increased 14%, year over year, while earnings jumped 48%, from last year's $47.4 million. S-A said it sold 277,000 standard-definition Explorer 8000 digital video recorders and 106,000 HDTV DVRs in the quarter. The vendor also said it shipped 121,000 HDTV set-tops without DVR...
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