Harmonic Lightwaves (HLIT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Harmonic Lightwaves (HLIT)

HLIT 10.32

-1.1%

11:17 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chris Belk who wrote (4041)	6/25/2002 9:03:17 PM
From: Czechsinthemail	Read Replies (1) of 4134

HLIT has been dropped through the floor. Though I think there is likely to be some kind of write-off related to Adelphia, they suggested recently that it isn't likely to be huge (Adelphia represented about 5% of last quarter's revenues). Other aspects of the business seem to be on track. It is possible they may miss estimates for this quarter, but probably not by much. Going into 2H02, they have a busy business time awaiting. It may be even more so to the extent that business has been deferred from this quarter to next. At this point, I think the stock has sold off enough that virtually any substantive news will produce a relief rally. Until then, the stock may continue to be punished in the absence of definitive news that can help clear the fear and negativity engendered by a plunging stock price. It's a nasty market climate. But at some point, this stock will do a dramatic jack-in-the-box and move much higher very quickly.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next