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


To: Hiram Walker who wrote (2699)4/20/1999 4:26:00 PM
From: catherineiw  Read Replies (1) | Respond to of 4134
 
Hello. I have been watching and researching HLIT and so far have been very impressed. Now, before buying tomorrow, would like to hear from someone who has held this for awhile...if someone would be so kind. Don't need a pep talk or hype, just some feedback.



To: Hiram Walker who wrote (2699)4/20/1999 5:31:00 PM
From: SteveG  Read Replies (2) | Respond to of 4134
 
Tim - depends on your perspective if the secondary "went fantastic".
Company and underwriters were too aggressive in pricing and didn't place the stock well, as a result, no aftermarket support and issue never even traded flat. Street doesn't like aggressive pricing / poor syndicate mgmt - no pop, or worse, a drop from the offering price, leaves a bad taste in the mouth.

Still, I agree that getting the funds was important for Harmonic, and as the market tone for tech and broadband increases going into H&Q, should see some more stock price appreciation.