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Strategies & Market Trends : The Thread
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To: Joe Hoek who wrote (16724)10/4/2000 5:35:16 PM
From: Mao II  Read Replies (1) of 49816
 
I know HLIT very well. First, it is not comparable to DIGL, FNSR, GLW etc. It primarily sells opticals into the cable market. Second, it has NOT disappointed consistently. It blew last quarter following a major acquisition of CUBE's DiviCom unit. DiviCom growth fell off a cliff six months ago prior to the takeover. HLIT claims mgmt took eye off ball as acquisition loomed. At last Q's cc, HLIT management was extremely cautious looking down the road. Now we see they had good reason to be. My read is that HLIT is about as cheap now as it can be. It is trading beneath book value, hence as a take out play it is ripe for the picking. BTW, its optical division is what disappointed this time, and my guess is that management has not been able to pull DiviCom together AND take care of bread-and-butter opticals at the same time. M2
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