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

To: David Lawrence Meyer who wrote (1886)	1/22/1998 2:37:00 AM
From: David K.	Respond to of 4134

01/21 17:35 HARMONIC LIGHTWAVES <HLIT.O> SEES Q1 OPER LOSS SUNNYVALE, Calif., Jan. 21 (Reuters) - Harmonic Lightwaves Inc on Wednesday said it expected an operating loss in the first quarter because of seasonally low sales and the inclusion of results of a company it acquired earlier this month. In a statement, the company also said it expected to take a first-quarter charge of an unspecified amount to write off in-process technology at the acquired company, New Media Communication Ltd. New Media, a maker of high-speed data delivery software and hardware, was acquired on Jan. 5 for just over 1.0 million shares of Harmonic Lightwave's common stock. Earlier, Harmonic Lightwaves, a maker of communications systems for video, audio and data, said fourth-quarter earnings fell to $0.05 a share from $0.21 in the same period the previous year. Sales dropped to $17.4 million from $19.5 million. Analysts had expected the company to earn $0.06 a share, with the range of estimates running from $0.05 to $0.07, according to investment research firm First Call. Harmonic Lightwaves said the sales decline reflected a reduction in capital spending on the part of domestic and international cable providers.