S-A: Outlook Not Great1/16/2003 9:58 AM Eastern
Scientific-Atlanta Inc. posted second-quarter earnings of $15 million on
revenue of $352 million -- figures that were better sequentially but worse than
the year-earlier period.
One year ago, S-A posted $39 million in earnings on revenue of $418 million.
But sequentially, S-A sales were $312 million in its first quarter.
Chairman and CEO Jim McDonald said revenue will remain under pressure because
MSOs are driving toward free cash flow and, thus, keeping capital-expenditure
costs to a minimum.
S-A said it shipped 804,000 "Explorer" set-tops during the quarter and 1,700
"MultiQAM" modulators. The company said it shipped 189,000 "WebStar" cable
modems in the quarter.
McDonald also said S-A shipped 43,000 high-definition-TV set-top-boxes and
31,000 digital-video-recorder-related set-tops.