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

To: srvhap who wrote (1828)	1/4/1998 7:12:00 AM
From: Mark Oliver	Read Replies (1) \| Respond to of 4134

I've traded in and out of HLIT several times over the last 1 1/2 years and I find it again very tempting to buy now, but I wonder how many of you have my fear that interational sales will be down and there might be a warning for the future? It seems to me that I really don't understand the exposure to Asia, especially the most troubled countries. At the same time, there appears to be a very upbeat view on 98 for domestic spending. Can this overcome what could be a disappointing earnings report? Can HLIT come through with a strong enough forward looking statement and maybe a press release? Do we really hang on Microsoft rumours? I sure would feel better if I believed HLIT would support it's share price with a little more vigorous PR. With estimates of 5 to 6 cents versus last years 15 cents (the figures are from memory), we certainly aren't seeing a great quarter. How closely do you think they will follow Ortel's lead, who reported a 27% decline in broadband sales this quarter? In fact, could it be worse? I guess we should see some charges from recent aquisitions? Increased SG&A. Perhaps declining margins? I don't mean to say I know anything is specifically wrong with Harmonic besides bad PR. I just believe we are trading at these lows for a reason and I wonder how many additional surprises could be waiting. Regards, Mark