Harmonic Lightwaves (HLIT) Message Board

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Technology Stocks : Harmonic Lightwaves (HLIT)

HLIT 9.875

-2.9%

3:59 PM EST

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To: Hiram Walker who wrote (884)	5/23/1997 5:24:00 AM
From: Stratajema	of 4134

Tim. I heard a respected HLIT analyst posted the info below on the internet and so everybody sold the stock. (G) You were kidding when you posted that info..right? "Quick Flash Urgent information: Sondview and Merrill Lynch just cut HLIT from buy to strong sell. " All kidding aside, the comments at the Cowen meeting about "visibility" are not to be taken lightly. HLIT management did not misspeak especially when quarter-end backloading is a factor. HLIT's price will bounce around here but expect fear to really kick in towards the end of the quarter before earnings are announced, possibly amid another summer tech selloff. A price in the low $11's is not unwarranted under this scenario. The IR person quoted in a previous post apparently said 18c is the estimate for the quarter. Do you know what the tax rate will be on this estimate? - David

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