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Technology Stocks : C-Cor Electronics-CCBL

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To: Tim McCormick who wrote ()	6/27/2000 1:21:00 AM
From: Ted The Technician	Read Replies (2) of 235

Harmonic off sharply after warning Monday June 26, 6:41 pm Eastern Time NEW YORK, June 26 (Reuters) - Shares in Harmonic Inc (NasdaqNM:HLIT - news) were pummelled in afterhours trade on Monday after the communications product provider warned of lower-than-expected second-quarter earnings. Shares in Harmonic traded at 28 on the Instinet electronic trading system and 27-5/8 on the Island system after closing at 40-13/16, for a gain of 1-13/16 earlier on Nasdaq. The stock was halted earlier in the day. After the market closed, Harmonic said it expected second-quarter earnings of between 12 and 16 cents a share as sales to customer AT&T (NYSE:T - news) continued to decline. Analysts had expected Harmonic to earn 29 cents a share for the quarter, according to investment research firm First Call/Thomson Financial. Harmonic will announce its results on or about July 19.

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