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Technology Stocks : C-Cor Electronics-CCBL -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (162)	4/19/2000 12:56:00 PM
From: Jim Oravetz	Read Replies (2) \| Respond to of 235

Harmonic Inc. looks like a direct competitor to CCBL. The first part is from Briefing.com. The second part is from a WSJ article (4/13) on cable equ. companies improving outlook. Jim Harmonic (HLIT) 60 +3 1/4: At the moment virtually all things tech are rebounding as retail and institutional investors swoop in to pick up bargains... So if you're out there scouting for bargains, Briefing.com highly recommends looking for those companies, such as Harmonic (HLIT), which were punished along with the rest of the tech sector even though they are growing profits and revenues at rates far superior to its industry and the market... In fact, HLIT, which designs, manufactures and markets digital and fiber optic systems for delivering video, audio and data services over cable, satellite and wireless networks, saw revenues surge 119% last year... Revenues are expected to remain very strong again this year and next, driving earnings from $0.76 in FY99 to $1.00 in FY00 and $1.32 in FY01... Using the projected long-term growth rate of 37%, the company's PEGs of 1.60 and 1.23 are well below the industry/market readings suggesting real long-term value... As long as HLIT can deliver on its promise of revenue/earnings growth (company has easily beaten estimates in each of the last four quarters), than we expect the stock to experience significant multiple expansion over the next 9- to 12-monhts... Technically, we are encouraged by the fact that, despite being 62% off its all-time high, the stock held above key support at 50... HLIT is scheduled to report earnings tomorrow... Street looking for gain of $0.22 v. year-ago profit of $0.05. Network Upgrades Seen Accelerating WSJ($) 4/13/00 article on Cable Equ. Upgrades and certain stocks. No mention of CCBL:-( ....Such strong demand for digital set-top boxes, which enable standard televisions to get Internet access, cable telephony, and interactive video services, is having a beneficial effect on other cable-equipment suppliers, such as transmission companies Harmonic and Antec, analysts said. "By going digital, it places additional stresses on the network," said Harris of Josephthal & Co. "Network upgrades will undoubtedly accelerate as the year continues." Wall Street expects Harmonic, a digital and fiber-optic systems manufacturer, to post first-quarter earnings of 22 cents a share on revenue of about $56 million, compared to 4 cents a share on roughly $30 million in revenue for the same period last year. "It appears as if several companies such as Harmonic got off to a slow start in early January, but business has accelerated during the quarter," said Harris, adding that the company could exceed the street's expectations by a penny a share. Analysts expect equipment supplier and developer Antec Corp. (ANTC) to post first-quarter earnings of 19 cents a share on revenue of roughly $240 million, compared with 13 cents a share on revenue of $145 million a year ago. "Antec has had its share of financial problems, but its position in cable telephony is starting to bear fruit," said Warburg Dillon Read LLC analyst Anton Wahlman. "Subscribers are starting to sign on." The ambitious plan unveiled earlier this year by AT&T Chief Executive Michael Armstrong to boost the number of the company's cable telephony customers from 20,000 to between 400,000 and 500,000 by year's end is good news for Antec, which holds about a 90% chunk of AT&T's business. "If he is going to meet that goal, it's going to make Antec shareholders very rich," said Wahlman. CommScope, the dominant manufacturer of coaxial cable, is expected to record first quarter earnings of 27 cents a share on revenue of about $190 million, compared to 21 cents a share on revenue of $148 million for the same period last year. "They had some problems at the beginning of the year regarding their deliveries, but apparently those issues have been resolved," said Harris. "We're seeing very robust demand for their products.".....snip