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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (16653)	3/23/2006 12:02:17 PM
From: Galirayo	Respond to of 23958

Harmonic Shares Gain After Upgrade Thursday March 23, 11:22 am ET Harmonic Shares Jump After Upgrade, As Analyst Sees 'Tide Turning' for the Company NEW YORK (AP) -- Shares of Harmonic Inc. received a boost Thursday, after an analyst said he sees the communications equipment company gaining digital video market share thanks to recent competitive wins. ADVERTISEMENT Kaufman Bros. analyst Bill Choi upgraded the Sunnyvale, Calif., company to "Buy" from "Hold," and said in a client note Harmonic's recent wins -- which are not widely known -- are likely to reverse the trend of market share losses over the past 15 months. Harmonic's shares rose 42 cents, or 7 percent, to $6.41 in late morning trading on the Nasdaq, having traded between $4.08 and $10.35 in the past 52 weeks. "We like Harmonic's exposure to attractive digital video market growth opportunities and its early leadership in Internet Protocol TV deployments," the analyst wrote. Choi said he believes the company is poised to receive business from Deutsche Telecom for encoders to launch IPTV services in ten German cities. The analyst boosted his price target on the company to $7.50 from $5, raised his pro forma earnings estimate for 2006 by 6 cents to 11 cents per share, and hiked his revenue view to $256 million from $245 million. Wall Street analysts expect the company to earn 9 cents per share on revenue of $248.5 million, according to Thomson Financial.