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

To: SteveG who wrote (1993)	3/19/1998 10:34:00 AM
From: Mark Oliver	Respond to of 4134

Did anybody post this? I don't think this would move the stock. For me, all the similar companies I follow are up. In fact, HLIT had lagged a bit, but has caught up. Still think we should see another point or 2 unless the market tanks. Also very positive to see more PR for a change. Maybe they've decided they need more value in their stock for once so they can do acquisitions with more valuable paper, not to mention make their employees and stock holders happy. Regards, Mark Harmonic Lightwaves Introduces New Compact 1310 nm Transmitter for Cable Operators PWRLink II has the Same Industry-Leading Performance but is Half the Size of Earlier Transmitters; Operators can Double Number of Transmitters in Same Space SUNNYVALE, Calif.--(BUSINESS WIRE)--March 16, 1998-- Harmonic Lightwaves, Inc. (NASDAQ:HLIT - news) today introduced its PWRLink II(tm) line of 1310 nm distributed feedback (DFB) laser transmitters, which are the most compact in the industry. The PWRLink II is half the size of Harmonic's earlier PWRLink transmitter, yet offers the same high performance and enables operators to lower their overall cost of transmitter ownership. The compact size of the PWRLink II is a major advantage for cable television operators who must add transmitters to meet increased demand for targeted services, yet wish to avoid costly building expansions. For hubs with little available space, it can be more cost effective to use PWRLink II transmitters rather than physically expanding the hub to accommodate larger transmitters and their required additional racks. For example, in a six foot rack configured with 65 earlier model PWRLink transmitters, operators can now fit 130 PWRLink II transmitters - doubling the transmitter capacity in the same space. The compactness of the PWRLink II is particularly important when preparing hubs to deliver Internet access and other targeted services, which in addition to more transmitters, require Cable Modem Termination Systems (CMTS) and other equipment that need this valuable space. Operators will realize lower costs using the PWRLink II, due to the transmitter's reduced price and the fact that operators will need 50 percent fewer platforms and power supplies. ''The PWRLink II is the latest example of Harmonic's engineering leadership and commitment to providing products that meet customers' needs in this rapidly changing cable market,'' said John Trail, product manager of transmitter systems for Harmonic Lightwaves. ''Operators need cost-effective ways to meet the growing demand for Internet access and other narrowcast services and that's precisely what our PWRLink II enables.'' Availability The PWRLink II is currently in production and is expected to ship in the second quarter of 1998. About Harmonic Lightwaves Harmonic Lightwaves, Inc. designs, manufactures and markets digital- and lightwave-based communications systems that deliver video, audio and data over hybrid fiber/coax (HFC), satellite and wireless networks. Harmonic's advanced solutions enable cable television and other network operators to provide a range of broadcast and interactive broadband services that include high-speed Internet access and video-on-demand. Headquartered in Sunnyvale, Calif., Harmonic operates its New Media Communication subsidiary and an R&D facility in Israel, along with a sales and support center in the United Kingdom. Harmonic is ISO 9001-certified and employs more than 250 people. The company's stock is traded on the Nasdaq stock market under the symbol ''HLIT.'' For more information, check the company's website at www.harmonic-lightwaves.com. This press release contains forward-looking statements, including, but not limited to the availability date of the new PWRLink II and lower costs realized by customers, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of the risk factors set forth in documents that Harmonic Lightwaves files with the SEC, specifically reports on Form 10-K and 10-Q. Editors Note: Product and company names used here are trademarks or registered trademarks of their respective companies. Product photos are available upon request. ------------------------------------------------------------------------ Contact: Harmonic Lightwaves John Giddings, 408/542-2692 john.giddings@harmonic-lightwaves.com or Walt & Company Communications Jill Zabkar, 408/496-0900 jzabkar@walt.com