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

To: C. Zuck who wrote (2617)	1/20/1999 9:52:00 PM
From: p friend	Read Replies (1) \| Respond to of 4134

Anyone have a conference call number and password/code? Thanks.

To: C. Zuck who wrote (2617)	1/21/1999 1:04:00 AM
From: Eric Jacobson	Read Replies (1) \| Respond to of 4134

C. Zuck - I think there is a lot to like in the report. While it's true that gross margins are down from 46% to 38% on a QOQ basis, sequentially, margins increased for the third straight quarter. Also, sales are up 56% on a QOQ basis as well as sequentially. They made no provision for taxes in the report, while analysts tend to assume an average tax rate of 35% in their estimates. This means the 628k profit equates to a 408k after tax profit, for earnings of 3 cents a share, which still beats the expectations. Outstanding shares increased considerably - by 8% in just one quarter. I wonder what that's all about. Even so, I should think tomorrow will be an up day.