Monday, July 30, 2007

CommScope quarterly profit up on bandwidth demand

(Reuters) - Analysts, on average, were looking for earnings per share
of 76 cents on revenue of $505.8 million, according to Reuters
Estimates. In late June, CommScope raised its second-quarter
revenue forecast to $500 million to $510 million, from $490
million to $510 million.




CommScope said last month it plans to buy rival
communications equipment maker Andrew Corp. for about
$2.6 billion in a bid to cut manufacturing costs and strengthen
its position with service provider clients.


Read more at Reuters.com Market News

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