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

To: Mark Oliver who wrote (2058)	4/8/1998 7:44:00 PM
From: Eric Jacobson	Read Replies (1) \| Respond to of 4134

Mark - I have often wondered the exact same thing, and it's interesting that both AOL and those equipment companies facilitating higher speeds over telco lines (like LU) have been skyrocketing, while those equipment companies with "faster" technology have been relatively stagnant. For now, with relatively few exceptions, it seems that AOL and ISPs with 56k modems are the only game in town, and the market has responded accordingly. Although I continue to like HLIT's prospects, I often kick myself for ignoring Peter Lynch's advice by owning HLIT too early. After all, if I can't purchase their technology today (indirectly through my cableco or another ISP), what the heck am I doing investing in the company? I can't wait for the day when I can go down to my local electronics store and buy a New Media cable, LMDS, or satellite modem, and have a choice of ISPs. Now, that will be the day to own HLIT! I agree with you that AOL will eventually need to switch over to a faster technology, and their endorsement of this technology (LMDS, HFC, satellite, whatever) will be a bellweather. Unfortunately, they may not do this until this new technology is ubiquitous, like telephone lines, and this may not be for some time since, with the exception of a few markets, they and other ISPs with their 56k modems have absolutely no competition. On this front, it's interesting to see some of the larger companies like CSCO and LU position themselves to seriously compete in the broadband arena.