Scientific-Atlanta (S-A) said its net earnings more than doubled ...
Scientific-Atlanta (S-A) said its net earnings more than doubled to $70.8 million in 2nd quarter ended Dec. 29 as bookings rose 52% to $707.3 million and sales climbed 69% to $631.4 million, driven largely by equipment maker’s broadband business.…
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S-A, which announced big gains in subscriber bookings and smaller gains in transmission bookings over previous 2nd quarter, said it shipped 1.11 million Explorer digital cable set-top boxes in 2nd quarter, up from 1.03 million in first quarter, and received orders for more than 1.5 million boxes. Company said backlog at end of quarter exceeded 2.1 million units. S-A, which now has shipped nearly 5 million Explorer set-tops, also announced plans to boost production capacity to 1.5 million boxes per quarter by end of March.