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


To: Hiram Walker who wrote (2582)12/3/1998 3:56:00 PM
From: Mark Oliver  Read Replies (2) | Respond to of 4134
 
Tim, is it Antec that is raining on our parade? They've issued a warning on slow international sales. Sure looks like this would be bad news for Harmonic Lightwaves.

Sure hope we get some good news as it's a shame to lose the good momentum we had this week.

Regards, Mark

Broadband networking products supplier ANTEC Corp. (Nasdaq: ANTC) sank $4
9/16 to $15 3/16 after saying its fourth quarter is "not shaping up as
anticipated" due to lower-than-expected international sales, which will
result in revenues between $130 million and $135 million and earnings in the
$0.02-$0.04 per share range. The First Call mean estimate had called for
earnings of $0.14 per share in the quarter. On a brighter note, the company
expects an expansion of its joint venture with Nortel (NYSE: NT) will add to
revenues and earnings in fiscal 1999.