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

To: Hiram Walker who wrote (2547)	10/12/1998 1:00:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 4134

HARMONIC LIGHTWAVES IS RECOGNIZED AS ONE OF SILICON VALLEY'S 50 FASTEST GROWING COMPANIES SUNNYVALE, Calif. – October 7, 1998 – For the second consecutive year, Harmonic Lightwaves, Inc. (Nasdaq: HLIT) has been recognized as one of the fifty fastest growing technology companies in Silicon Valley by Deloitte & Touche, a leading accounting and management consulting firm. Harmonic came in at number 36 this year, based on the 1,009 percent revenue growth the company achieved between 1993 and 1997. Revenue grew from $6.7 million to $74.4 million during this period. "Making this list twice shows the success we at Harmonic have had in increasing our share of the hotly-contested telecommunications market. We attribute this success to the skill and determination of our employees in developing advanced products and providing superior customer service," said Tony Ley, president, chairman and CEO of Harmonic Lightwaves. "Moving forward, our latest generation of products position us to further expand into new markets and to continue our success." In the year since the company's last appearance in the "Silicon Valley Technology Fast 50," Harmonic has introduced several new products, including the PWRBlazerTM Scaleable Node and the METROLinkTM Dense Wave Division Multiplexing (DWDM) system. Both products are being used today by several of the nation's leading cable television operators to cost-effectively offer subscribers high-speed Internet access, digital video and telephony services. Deloitte & Touche, together with Joint Venture: Silicon Valley Network, has recognized Silicon Valley's fastest growing technology companies for the past four years. To be considered, a company must: • have been in business for at least five years, • have had revenues of at least $50,000 in 1993, and at least $1 million in 1997, • be a "technology" company, • have its headquarters in Silicon Valley. 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 approximately 300 people. The company's stock is traded on the Nasdaq stock market under the symbol "HLIT." This press release contains forward-looking statements, including, but not limited to future market expansion, 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. harmonic-lightwaves.com