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

To: Mark Oliver who wrote (2598)	1/11/1999 4:39:00 PM
From: Eric Jacobson	Read Replies (2) \| Respond to of 4134

Mark - I'm not entirely sure, but the fact that it has not yet traded thru $19 is not a good thing. It could still happen, but even so, it will be the last of the group to break out to a new high, which tends to indicate a weak stock. After two years, I have sold my HLIT here. I still like the company and the technology, but in the end the market knows more than I do. I'll keep a close watch on it, though, and may repurchase if it trades through $19 since it could easily see $24 in short order. My only guess is the market is ambivalent towards HLIT after the T announcement to have CSCO and GIC be the leaders in building out the network. There still may be a roll for HLIT in the upgrades, but their roll may be defined and possibly reduced by the bigger fish.