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

To: ahhaha who wrote (2499)	9/9/1998 6:49:00 AM
From: Hiram Walker	Respond to of 4134

ahahaha, from the conference call Tony Ley(CEO HLIT),stated in no uncertain terms,that deployment of HLIT's DWDM is directly related to the demand for ATHM's services for TCOMA. Well HLIT has been developing DWDM for 5 years now,so they are at the point of profitability. You are missing the point on DWDM,it is to simplify the network. You can run ATM,SONET,Analog video under it. You can eliminate hub buildings,increase capacity,reduce electronics in the system,reduce cost. It is here now,what LUcy does is mainly research,they are a research facility,what HLIT does is engineer products for immediate deployment,not future bullshit. They have been around for a decade,engineering the best Yag lasers for cable systems for that long. Their externally modulated,continous emission Yag Lasers are the finest precision engineering around. How valuable are 300 employees and over 100 engineers in fiber optics worth? I venture to guess,LUcy would pay dearly for such a skilled and dedicated work force. I would venture to guess,HLIT is worth 1 million a person to any fiber optic company. They are easily worth 300 million,easily,and they are selling for 100 million,and a price/sales of 1. Its almost obscene how markets work,value is stood on its head. That is why I am studying Durkheim and CS Peirce to try to understand pragmatism,and human behavior. I think I have an answer for why the market reacts the way it does. I think it is very simple. So in five years when ATHM is up to speed,they no longer have contracts with the cable companies,and their technology is obsolete? Selling at a p/sales of 400,I would rather buy marshmallows,than get roasted with ATHM. Tim

To: ahhaha who wrote (2499)	9/9/1998 8:26:00 AM
From: Hiram Walker	Read Replies (2) \| Respond to of 4134

ahhaha, the other point is,if you do not understand the technology,and how it is being deployed,how can I expect the average person to understand it. It is not to increase bandwidth so much as to provision for services,to decrease electronics,and to allow anything and everything to run over it. It is just not understood by more than a handful of people,the benefits of MetroDWDM,reading comments from TWX,they don't understand it either. And I am pretty sure the small MSO's don't have a clue. So it is TCOMA,COX,and 21st Century that understand it. There are not enough good engineers in cable companies,and very few that understand advanced optoeletronics. And there are no analysts nor institutional investors who would care enough,or have the capacity to spend the time to understand it. Tim