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

To: Joe Wagner who wrote (3221)	1/20/2000 12:24:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 4134

WHO COULD ASK FOR ANYTHING MORE......Harmonic Announces Record Fourth Quarter and Year-end Results Business Wire - January 19, 2000 16:30 SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 19, 2000--Harmonic Inc. (Nasdaq: HLIT) today announced its results for the quarter and year ended December 31, 1999. For the fourth quarter of 1999, Harmonic reported net sales of $63.3 million, up 134% from $27.1 million for the fourth quarter of 1998. Net income for the fourth quarter of 1999 was $10.8 million or $0.33 per diluted share on 33,074,000 shares outstanding, compared to net income of $628,000 or $0.02 per diluted share on 25,250,000 shares outstanding for the same period of the previous year. For 1999, Harmonic reported net sales of $184.1 million, up 119% from $83.9 million for 1998. Net income for 1999 was $23.7 million or $0.76 per diluted share, compared to a net loss of $21.5 million or ($0.92) per diluted share for 1998. The loss for 1998 included a charge of $14.0 million or $0.60 per diluted share resulting from the acquisition of Harmonic Data Systems. Harmonic experienced strong demand for its fiber optic products across its worldwide base of cable customers during the fourth quarter. Domestic sales increased 197% from the fourth quarter of 1998. While AT&T continued to be the Company's largest single customer, Harmonic's shipments to other major domestic cable operators grew strongly during the quarter. International sales increased across all regions, up 47% from the fourth quarter of 1998. During the quarter, Harmonic announced a definitive agreement to acquire the DiviCom business of C-Cube Microsystems (Nasdaq: CUBE). DiviCom is a leading developer of standards-based MPEG-2 encoding systems for digital video. The combination will position Harmonic as a leading supplier of open-system solutions for delivering video, voice and data over a variety of network architectures. The transaction is currently expected to close by the end of March, 2000. "This was a great year for Harmonic," said Anthony J. Ley, Chairman, President and Chief Executive Officer. "We are very pleased with our growth in sales and profitability, and our continued development and roll out of exciting new systems. Backed by stronger financial resources and subscriber demand for bandwidth, cable operators continued to upgrade their networks to offer video-on-demand, high-speed Internet access, telephony and other advanced services." "In 2000, we intend to continue to develop advanced fiber optic and digital systems, expand our worldwide sales and marketing effort, and complete the acquisition and integration of DiviCom. The combination with DiviCom will double the size of our company and allow us to offer more complete solutions for cable operators, as well as expand our penetration into telecommunications, satellite, wireless and other emerging broadband markets. We expect that combining DiviCom's strengths in digital compression and our strengths in fiber optics will significantly enhance Harmonic's position in the broadband market." A live Internet broadcast of Harmonic's fourth quarter conference call (2:00 PM Pacific/5:00 PM Eastern) will be available today at www.harmonicinc.com under "Investor Relations." About Harmonic Inc. Harmonic designs, manufactures and markets digital and fiber optic systems for delivering video, voice and data over cable, satellite and wireless networks. These advanced solutions enable cable television and other network operators to provide a range of broadcast and interactive broadband services that include high-speed Internet access, telephony, and video-on-demand. Harmonic is headquartered in Sunnyvale, Calif., where it also operates an R&D center and a manufacturing facility. The company also operates its Harmonic Data Systems subsidiary and an R&D center in Israel. In addition, the company maintains several sales and support centers worldwide. Harmonic is ISO 9001-certified and employs approximately 450 people. For more information about Harmonic please visit the Company's website at www.harmonicinc.com.

To: Joe Wagner who wrote (3221)	1/20/2000 4:59:00 PM
From: J Fieb	Read Replies (2) \| Respond to of 4134

Joe W., By now most will have seen the report of the SUNW/Enron deal......but go back and here is the original Enron/SUNW pr piece......very interesting read. LAS VEGAS, Nevada -- APRIL 19, 1999 -- To further support broadcasters in the delivery of high quality media content to large Internet audiences, Sun Microsystems, Inc. and Enron Communications today announced a strategic marketing alliance at NAB `99 (National Association of Broadcasters) in Las Vegas, Nevada. The two companies will collaborate on technology, marketing and sales to drive the adoption of broadband IP network services. The combined efforts will enable both delivery and promotion of network services to content providers, aggregators, and broadcasters. Enron Communications utilizes a range of Sun? server and storage products to deliver ePowered Media Cast, a broadband media streaming service, through local ISPs and ePowered Media Transport, a network service for the point to point transport of high quality video files in the professional broadcast post-production industry. RealNetwork's G2 media streaming server, optimized for Sun's robust Solaris? operating environment, enables the ePowered Media Cast service with capacity to support near TV quality video and high volumes of users. "This is an exciting alliance of industry leaders committed to a common vision of delivering the next generation Internet to the broadcast and media industries," said Jim Crowder, vice president, strategic alliances, Enron Communications, Inc. "Enron Communications is leading the creation of the next generation Internet, and this alliance provides complete, "out of the box" hardware and network solutions for the broadcast and media industries." "Broadband media content, like streaming audio and video, is an incredible tool for attracting large volumes of viewers and drive on-line commerce and advertising, said Bill Correll, group manager, worldwide digital media market, Sun Microsystems, Inc. "Enron's fiber-based intelligent network, built on Sun's Internet server platform, is ideal for the deployment of these media rich services." The Enron Intelligent Network, powered by a range of Sun servers, from Sun Enterprise? 450 servers to Sun Enterprise 6500 servers, combines Pure IP with the intelligence of InterAgent middleware, and an extensive distributed server architecture. Enron Communication's ePowered Media Cast and applications delivers content at bit-rates of over 200 kbps -- 10 times faster than what is currently available over the Internet. EPowered Media Transport supports high quality and low cost real-time MPEG1 and MPEG2 streaming and store and forward video file transfers for the broadcast post-production industry. About Enron Enron Communications, a wholly owned subsidiary of Enron Corp. (NYSE: ENE), is a leader in the delivery of high-quality, high-bandwidth business information and applications. Enron Communications is building a long-haul fiber-optic network on strategic routes throughout the United States to create a data-centric national Pure IP backbone known as the Enron Intelligent Network (EIN). It is extending the capabilities of that network through agreements with ISPs and carriers seeking to generate new revenue sources and improved services. The EIN is based on a unique infrastructure that utilizes Pure IPsm technology patented InterAgent middleware and a distributed server architecture developed in alliance with Sun Microsystems. Unlike the current Internet model, the EIN is a collection of software routers operating at the application layer. It extends far beyond the classic definitions of static infrastructure, fiber, switches and billing systems. About Sun Microsystems Since its inception in 1982, a singular vision, "The Network Is The Computer?," has propelled Sun Microsystems, Inc. (NASDAQ: SUNW), to its position as a leading provider of high quality hardware, software and services for establishing enterprise-wide intranets and expanding the power of the Internet. With more than $10.5 billion in annual revenues, Sun can be found in more than 150 countries and on the World Wide Web at Enron and SUNW at NAB building a network to the broadcasters. The ideas are much bigger now. The Q is are SUNW and Enron now competing with HLIT/DIVI? Any thoughts our there?