News

'Real' Improvements Enhance S-A Rating

9/22/2002 8:00 PM Eastern

Soundview Technologies last week upgraded its rating on Scientific-Atlanta Inc. to "neutral" from "underperform." It cited "real" near-term improvements at the company, such as the resumption of orders by MSOs Adelphia Communications Corp. and Callahan Associates and a new opportunity to sell set-tops to Cablevision Systems Corp. Cablevision amended its set-top contract with Sony Corp. last month and agreed to buy boxes from S-A. Soundview raised its 2003 estimated earnings for S-A to 87 cents per share from 72 cents, and raised its 12-month price target on the stock to $16 from $9.

March