SEAC -- Another good qtr. telco/cable infrastructure.

SEAC -- nice qtr., very strong growth. VOD(video on deamand) is in a stunning growth phase currently. Like OPTM, SEAC is another unique player that sells into both the Telco & Cable equipment space.

While SEAC doesn't have the most peerless balance sheet in the space, it's still pretty darn good. I would encourage a good view of the actual balance sheet as SEAC has solid cash, short term investments as well as long term investments -- with no debt. At less than 2 times both P/B and PSR the stock is still quite cheap as long as growth continues -- as mgmt has indicated on the conf. call. Plus there is just enough of the shares currently short to make future price action interesting.

http://finance.yahoo.com/q/ks?s=SEAC

I think SEAC is poised to benefit from still emerging growth of VOD programming, new revenue streams and a softening of overly negative sentiment in their industry group.

Long SEAC