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

To: Rob S. who wrote (3864)	10/5/2000 10:00:32 AM
From: Doug Skrypek	Read Replies (1) \| Respond to of 4134

Management overpaid for DiviCom. This merger has been a bust. Last October while Ley was foaming-at-the-mouth to do this deal the company issued a press release saying DiviCom had revenues of $133.8 Mil and income of $20.5 for the nine months ended Sept 30, 1999. Thats a run rate of $44.6 in revs per qtr. Now the CS division, including what existed before the merger is only doing $43.5-$44.5 mil this qtr. What did the shareholders get for $1.7 Bil? Not much...