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Technology Stocks : Harmonic Lightwaves (HLIT)
HLIT 10.28-4.0%Dec 12 9:30 AM EST

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To: matti jaffe who wrote ()5/2/2000 12:56:00 PM
From: DiViT  Read Replies (1) of 4134
 
Harmonic(NASDAQ:HLIT - news)also turned in another impressive performance. The maker of fiber optic systems for the delivery of video, audio and data over cable, wireless and satellite networks, saw revenue jump 107% with profits rising more than 460% to $0.28 per share in the March quarter, versus $0.05 a diluted share a year ago.

Harmonic's domestic business is strong, anchored by its biggest customer AT&T(NYSE: T - news) What's more, in the first-quarter, the company increased international sales 62%. Once the acquisition of the DiviCom business of C-Cube Microsystems(NASDAQ:CUBE - news)is approved, Harmonic will be positioned to deliver video, voice and data over a variety of network architectures, further cementing its leadership across several broadband arenas.

biz.yahoo.com
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