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Technology Stocks : Harmonic Lightwaves (HLIT)
HLIT 10.73+0.8%Dec 11 3:59 PM EST

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To: Dennis G. who wrote (968)5/26/1997 6:30:00 AM
From: Hiram Walker   of 4134
 
Dennis, what what I gather,I am in the process of studying it,ADSL is a bridge to VDSL. Now VDSL needs fiber to run,as do most high speed means of communications. ADSL is going to take a lot of engineering,and rearchitecting,to get it to run,even on a limited basis. The whole Telco scheme has to be rethought of,remember a huge portion of the RBOC's profits come from T-1 at around 1.5 mbps a line,that is what ADSL will have. The RBOC's get $1,000 per T-1,and have been overcharging for this since it came out(it has been overpriced by a factor of 10x). Remember also,that BA/Nynex contract for ADSL was only $300 million,the cable companies are anteing up close to $10 billion.
Tim
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