Scientific-Atlanta slides after first quarter earnings report

NEW YORK - Shares of Scientific-Atlanta Incorporated, a maker of cable set-top boxes, tumbled Friday, following its disappointing financial report for its latest quarter. <br> <br> The stock finished at eleven dollars and one cent on the New York Stock Exchange, down $2.32, or 17 percent, on heavy volume. Friday&#39;s weakest level of $10.10 was a new 52-week low, surpassing the prior low of eleven dollars and nine cents set July 26. <br> <br> The company blamed weak capital spending and declining consumer confidence when reporting its fiscal first-quarter performance Thursday. <br> <br> Scientific-Atlanta is the second-largest supplier, after Motorola Incorportated, of set-top boxes. The Atlanta-based company has been suffering along with the rest of the industry, and is waiting for an economic recovery to turn things around.

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