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

To: Thierry G. who wrote (3054)	11/5/1999 3:06:00 PM
From: Stoctrash	Read Replies (1) \| Respond to of 4134

Th, Based on my small calcs...the drop in HLIT makes it a much lower deal than $1.7B at this point...and right now the semi side is trading at $13-14 (14+ right now) equivilatnt when you factor that in due to the HLIT drop in price from the bogus 65 where they started... fWIW...

To: Thierry G. who wrote (3054)	11/5/1999 3:10:00 PM
From: DiViT	Read Replies (1) \| Respond to of 4134

Harmonic is buying Divicom for .5 Harmonic shares, not a flat $1.7Bil. Assuming 40 million Cubes outstanding 40,000,000 * .5 = 21,840,000 HLIT shares for Divicom 21,840,000 * 59 = $1,288,560,000 Divicom's market cap. $1,840,000,000 The current Cube's Mkt cap (40,000,000 * $46) -$1,288,560,000 Divicom' Mkt Cap (21,806,439 * $59) = $551,440,000 left for the chip biz. 40,000,000 = $13.79/shr of the remaining Cube. Or so it appears to me..

To: Thierry G. who wrote (3054)	11/5/1999 3:10:00 PM
From: Black-Scholes	Read Replies (1) \| Respond to of 4134

"You very well know that without Divicom, Cube would have traded at the same level than ESST ( Around $3 in 1998)." Dude, quit while you're ahead. Now you're exposing yourself as a "know-nothing" blowhard. ESST and CUBE actually just have about two or three chips that compete with each other directly. ESST's specialty is audio chips - CUBE's specialty is encoders. They just don't compete that much. If you want a relevant digital video pure play, Zoran is a better example. Unbelievable. What fund do you manage so as to avoid it?