The group comprises of sheet metal work and specialist engineering divisions as well as Tharsus Vision, which provides advertising light box signs and displays and Tharsus Direct, which supplies most of BT's exchange cable
management systems, that are largely designed in house, and with the ongoing infrastructure upgrade for broadband.
The business produces cable for the communications industry, including outside plant, central office and exchange cable
The plant, located in Bonham, Texas has approximately 170 active associates and utilizes more than 360,000 square feet in the production of copper telephone exchange cable
Copper exchange cable
consumption in the US has expanded as more circuits are being added to handle extra demand.
We saw favorable year-over-year sales growth in some key areas, including telephone exchange cable
sales to our RBOC customers for the second quarter in a row and bare transmission wire sales to our power utility customers despite delays with the Energy bill.
Fourth quarter earnings were also adversely impacted, to a lesser degree, by lower shipments of exchange cable
to major telco companies.
In Superior's Communications Group, we experienced softness in shipments of telephone exchange cable
to major telephone company customers in the current quarter due to, among other things, year end budgetary issues and inventory reduction initiatives.
Should the level of telecom spending for exchange cables
that we are currently experiencing extend through the summer, we are also planning to reduce production levels in our two domestic telephone exchange cable
plants beginning in the third quarter," continued Kenny.
Our outlook for the fourth quarter continues to be characterized by reductions in previously planned shipments of exchange cable
to telephone company customers, substantial comparative growth in order entry and shipments of fiber optic and enhanced copper cable products for high speed voice and data applications and stronger pricing and improving profitability in both our building wire and magnet wire businesses.
The Company stated that its current earnings expectation for the third quarter and second half of 1999 reflects a reduction in previously planned shipments of communications exchange cable
to telephone company customers and reduced building wire margins during July 1999.
AT&T BIS will exchange cable
systems serving approximately 618,000 customers located in several communities in Florida, Hawaii, Maine, New York, Ohio, Texas, and Wisconsin for Time Warner cable systems serving approximately 565,000 customers located in and around communities in the Chicago suburbs, Central Illinois, New Jersey, Oregon, and Pennsylvania.
TCIC will exchange cable
systems serving approximately 626,000 customers located in and around communities in Central and Northern Florida; Hawaii; Portland, Maine; Poughkeepsie, Schenectady and Central Square, New York; Dayton, Middletown and Warren, Ohio; Fredericksburg, New Braunfels and San Marcos, Texas; and Racine, Wisconsin for Time Warner's cable systems serving approximately 575,000 customers located in and around communities in the Chicago suburbs; Central Illinois; St.