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

To: Hiram Walker who wrote (2003)	3/20/1998 10:27:00 AM
From: Smilodon	Read Replies (1) \| Respond to of 4134

I've got to agree with otackle72, this looks like speculation. I don't know why a stock like this would run up so fast. Usually value players try to accumulate over time and cause a slow move up. Either someone big thinks they have got to own it before some expected event, or someone is hyping it, causing a lot of little fish to buy who don't really care about price or value. Either we get a big event and possible jump up, or it starts to correct and drift down. Hopefully, not a round trip to 11. I don't believe in this move, but I must admit I am enjoying it.

To: Hiram Walker who wrote (2003)	3/20/1998 10:35:00 AM
From: Mark Oliver	Read Replies (1) \| Respond to of 4134

Tim, Does China really have the infrastructure of ground cable to go this route, or do you see them going wireless cable? When I first read this release, I was looking for an indication of whether it was MMDS or LMDS as I didn't think Hybrid was doing HFC. Does this pose a threat to HLIT? Do you think the news that Roadrunner and @Home will not join will bring down the current rise? On CNBC, they said this would mean AT&T wouldn't invest in @HOME? I've watched HLIT, ANTC and ORTL all rise nicely in the last 2 weeks. Could it have anything to do with CeBit in Hannover? Have you heard much about SeedChoice, the MMDS one way digital internet offering in Detroit, Phoenix and starting Chicago? It's an offering from PCTV, who does wireless TV. They have an installed base of analog TV customers which they are moving to digital. Regards, Mark PS In fact, Antec has done very well. After hitting a recent low of 11, they are up nearly 1 today and pushing 16 1/2. I noticed some large options purchases out of the money a month ago. They are in the money now.

To: Hiram Walker who wrote (2003)	3/20/1998 10:35:00 AM
From: Smilodon	Read Replies (1) \| Respond to of 4134

Should we trade this move? I was trying to be cheap and wait for a drop closer to 10 to fill up my position. If I did, I could easily drop a few shares into this upswing with the hope of buying them back later. Now, I don't know what to do. If I sell some shares in hopes of a pullback, I risk having too small a position if it keeps running to really get paid for my work. But I hate not to try to capitalize on what seems to be a speculative pop. What do you guys think?

To: Hiram Walker who wrote (2003)	3/20/1998 10:50:00 AM
From: Mark Oliver	Respond to of 4134

Cable Television Laboratories Inc. Announces International Telecommunications Union Approves DOCSIS Modem Standard LOUISVILLE, Colo.--(BUSINESS WIRE)--March 20, 1998--The Data Over Cable Service Interface Specification (DOCSIS), created by Cable Television Laboratories Inc. (CableLabs[R]), its members and a wide array of suppliers, has been approved as an international standard for transmitting data over cable systems. The International Telecommunications Union (ITU) Study Group 9, which is responsible for cable television system matters, approved the landmark standard, designated J112, during meetings in Geneva, Switzerland the week of March 16 to 20. The measure had been out for ballot by ITU Telecommunication (ITU-T) members for several months before that. ''It's a tremendous achievement for the cable industry and its suppliers to have taken the idea of having interoperable high-speed data delivery over cable from a concept in late 1995 and to have made it an international standard a little over two years later,'' said Dr. Richard R. Green, CableLabs president and CEO. Green is active in Study Group 9 and attended the meetings in Geneva. CableLabs has managed the DOCSIS process on behalf of its members as its seeks to foster interoperability among suppliers' devices. The DOCSIS process was started by four CableLabs member companies - TeleCommunications Inc., Time Warner Cable, Comcast Corp. [Nasdaq:CMCSA - news], and Cox Communications, and was known at first as Multimedia Cable Network System (MCNS) Holdings LP. The latest information on the DOCSIS process is available at cablemodem.com. The ITU standard defines modulation and protocols for high-speed bi-directional data transmissions over cable. Recommendation J112 will enhance interactive cable television services, providing transmission data rates up to 30 Megabits (million) per second and should result in worldwide economies of scale and interoperability benefits, the ITU said in a news announcement. Jose Louis Tejerina, chairman of ITU T SG9, said: ''This work is a significant achievement for the ITU as it supports the needs of industry to produce advanced data communications equipment for the emerging cable television services. World wide standards enable the economies of scale and lower costs so important to telecommunications infrastructures in the developing countries.'' Recommendation J112 includes three annexes which address the unique requirements of the European, North American and Japanese Asia sectors respectively. CableLabs is a research and development consortium of cable television system operators representing the continents of North America and South America. CableLabs plans and funds research and development projects that will help cable companies take advantage of future opportunities and meet future challenges in the cable television industry. It also transfers relevant technologies to member companies and to the industry. In addition, CableLabs acts as a clearinghouse to provide information on current and prospective technological developments that are of interest to the cable industry. CableLabs maintains web sites at cablelabs.com; cablemodem.com; cablenet.org; opencable.com; and packetcable.com.

To: Hiram Walker who wrote (2003)	3/20/1998 11:05:00 AM
From: Mark Oliver	Respond to of 4134

As I understand it, HLIT competes against Hitachi and Toshiba and to a lesser extent Ortel? If this is so about Toshiba, I had also thought Time Warner was buying mostly from Toshiba? I end all these statements with questions as I follow too many stocks these days. Anyway, point of question is if Toshiba supplies Time Warner, I can see they have a closer relation than I had thought from the following article. Regards, Mark Time Warner Announces Agreement to Purchase a Portion of Toshiba and ITOCHU Shares NEW YORK--(BUSINESS WIRE)--March 20, 1998--Time Warner announced today that it entered into a forward purchase transaction on 9.1 million shares of its common stock. In a related transaction, Toshiba and ITOCHU sold an equal number of shares to an affiliate of Citicorp representing about 29% of their combined holdings. Time Warner's Board increased by 9.1 million the number of shares authorized to be repurchased under Time Warner's existing buyback program which is designed to offset the effects of future share issuances related to the exercise of existing stock options and the potential conversion of certain convertible securities. Time Warner Chairman and CEO Gerald M. Levin said, ''Today's announcement underscores our optimism about the future performance of our company and our ongoing competitive strength. What this transaction will allow us to do is to effectively buy back our stock at $67.89 per share plus a financing charge. In addition, the shares sold by Toshiba and ITOCHU are shares converted from preferred stocks that paid an enhanced dividend, saving us $26 million in preferred dividends alone.'' Yesterday, Toshiba and ITOCHU converted part of their preferred holdings into 3,644,620 and 5,500,252 shares of Time Warner common stock respectively, which were then sold to an affiliate of Citicorp at an average of $67.89 per share pursuant to terms of agreements negotiated between Toshiba, ITOCHU and Time Warner. The forward purchase agreement matures in two years and provides for settlement at that time (or earlier at Time Warner's option) at $67.89 per share plus a financing charge. Time Warner also has the right to issue shares to satisfy its obligations under the agreement. The forward purchase transaction was structured and arranged with Citibank N.A. Time Warner Inc., the world's leading media and entertainment company, consists of four fundamental businesses: entertainment, cable networks, publishing and cable, with interests in filmed entertainment, television production, broadcasting, recorded music, music publishing, cable-television programming, sports franchises, magazines, book publishing and cable-television systems. To receive a copy of this press release through the Internet, access Time Warner's corporate website located at timewarner.com

To: Hiram Walker who wrote (2003)	3/20/1998 6:02:00 PM
From: A.Sharez	Respond to of 4134

Oh Learned One I believe that HYBR simply made a deal with a distributor in China and tried to give it a positive spin. there is nothing to say that this will result in actual or profitable contracts I believe that in the past HLIT was trying to sell more directly than through distributors if my memory serves me correctly. I of course do not know anything about rumours in China however I am inclined to dream a little. This stock has definitely been oversold and to think that there is buying here with the acquisition writeoffs coming this quarter does nothing but give me encouragement. The consolidation of the sales of New Media must give HLIT a sales boost this quarter and if the bottom line is half decent then it could be ready for a flight upwards. Have Faith Oh Learned One I can almost feel it. Please do not wake me up.