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Technology Stocks : Harmonic Lightwaves (HLIT) -- Ignore unavailable to you. Want to Upgrade?


To: Hiram Walker who wrote (2856)7/21/1999 5:08:00 PM
From: Eric Jacobson  Read Replies (1) | Respond to of 4134
 
Congratulations Tim and everyone else. I just read through it 3 or 4 times. The release is actually quite short. I want more detail. I want to bask in the good news. I can't wait to listen to the CC.

I remember those dark days when it sank below 10. I remember selling at $18 when I temporarily lost hope. Luckily I bought back 2 days later when it became apparent they had turned the corner.

Well, here's my rundown on the good news:

1. Rev. increased 20% sequentially!! Net profit increases 65% sequentially.

2. Gross profit margin up to 42% from 41% last quarter.

3. Net profit margin up to 10% from 4.5% last quarter.

I'm a little concerned with the AR and inventories, but up. DSO went to 64, up from 61 last quarter. A little better collections would be good, but I'm not going to dwell on it considering the rest of the report is stunning.