SFA will sell its shares of HLIT.
HLIT looking to buy someone?
SFA made good money on money invested in BRCM
and now HLIT.
Should DIVI buy some of HLIT secondary??
Or make deal for whole thing??
armonic Converging on
Tech Buys
Sunnyvale, Calif. -- Harmonic Lightwaves Inc. is
shortening its name and looking for possible
acquisition targets -- two moves that the company
said underline a broadening long-term corporate
strategy.
The maker of digital and fiber optic video, voice and
data-delivery systems has changed its official
handle to Harmonic Inc., partly to focus attention
on its marketing of relatively new services such as
network-management and
Internet-protocol-telephony solutions to
complement its core technologies.
"If you look at the way that cable networks have
evolved, redefining networks is what we're doing
today," said Colin Boyd, Harmonic's vice president
of North American sales and worldwide marketing.
"People in the marketplace recognize that this is a
good fiber optic company, but it's not really known
as a communications-systems supplier," Boyd
added.
Harmonic could fill gaps in its current products and
services lineup through acquisitions, although none
is in the works currently, Boyd said.
Harmonic also plans a secondary offering of 2.8
million common shares, including 720,000 shares
that Scientific-Atlanta Inc. will offer after exercising
a warrant.
Harmonic will use proceeds from the sale of its
shares for debt repayment and other general
corporate purposes.
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