Scientific-Atlanta (NYSE: SFA), one of the nation’s largest cable television hardware providers, has acquired software, technology and other assets from ChanneLogics, Inc., a software developer. Terms of the deal were not disclosed.
The software acquired allows cable operators to view both traffic and
bandwidth consumption all the way down to an individual consumer’s modem, according to a statement released by the company.
In that statement Paul Connolly, vice president of marketing and network architectures for Scientific-Atlanta, says: “As the cable operators’ capital expenditures of the last few years evolve into operating expenditures, they need solutions like ours to improve efficiency, protect revenue and manage their operations. Adding the ChanneLogics? products and expertise to our array of management solutions offers new opportunities for cable operators to deliver more robust HSD performance, to help reduce churn, and attract
new customers, all while lowering operating costs.”
Through third quarter 2002 Scientific-Atlanta?s net income decreased 70 percent to $11 million while overall sales fell 24 percent to $311.6 million. During the last 52 weeks shares of SFA have ranged in price from $10.10 to $31.19 and recently traded near $12. The company’s market capitalization totals $1.84 billion.
Scientific-Atlanta: www.scientificatlanta.com
