S-A Ships Nearly 400K DVRs in 1Q

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Scientific-Atlanta Inc. said Thursday that it shipped 397,000 “Explorer 8000” set-tops with digital-video recorders during its fiscal first quarter -- 248,000 of its standard-definition model and 149,000 high-definition DVRs.

S-A shipped approximately 40,000 of those set-tops to Cablevision Systems Corp. in anticipation of that MSO’s launch, the vendor said.

S-A also sold 92,000 HD set-tops without DVR capability, meaning that when added to the HD DVRs mentioned previously, the vendor sold 241,000 HD set-tops in the quarter, or four times the year-earlier period’s total.

The company posted first-quarter earnings of $55.9 million, or $0.36 per share, on sales of $452.7 million. Sales rose $57 million, or 14%, and earnings were up $13.2 million, or 31%, compared with the year-ago quarter.

“In the quarter, we continued to focus on our strategy to broaden the deployment of digital-video recorders among our existing customer base, to expand our served market in North America through our overlay strategy and to find areas of opportunity to grow in markets outside North America,” S-A chairman, president and CEO Jim McDonald said in a prepared statement.

McDonald had elective surgery Tuesday to remove his prostate, and he expects to be out of the office 45-60 days.

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