Harmonic Lightwaves (HLIT) Message Board

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Technology Stocks : Harmonic Lightwaves (HLIT)

HLIT 9.545

+0.6%

Nov 26 3:59 PM EST

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To: Hiram Walker who wrote (846)	5/14/1997 1:37:00 PM
From: Q.	of 4134

NEW YORK -(Dow Jones)- Bear Stearns & Co. analyst Alex M. Cena initiated coverage of Harmonic Lightwaves Inc. (HLIT) with an "attractive" rating. "Harmonic Lightwaves is an investment vehicle that may be purchased for those seeking long-term exposure into the cable industry's move toward more fiber-based networks to provide improved and expanded services," Cena said in a research note. "At this time, only about 20% of all cable facilities are based on fiber-optic technology." Cena expects the Sunnyvale, Calif., supplier of optical transmitters and receivers to earn 65 cents a share in 1997 and 85 cents a share in 1998. The analyst has a 12-month price target of $22 to $25. The Nasdaq-listed shares were up $0.25 at $19.625 on light volume.

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