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

To: Mad Bulgarian who wrote (2802)	6/5/1999 7:07:00 AM
From: Hiram Walker	Read Replies (2) \| Respond to of 4134

Tony, I don't disagree with you at all about interest rates rising. The Tips and TED spread had priced in a significant deflation scenario for the next decade 6 months ago. Right now the bond market has only corrected to pricing in an inflation rate of 1.5%,which I still consider too low. I think the long bond is going toward 6.25-6.5% by the end of the summer. That said, HLIT's slowest quarters are behind it,their biggest quarters are ahead of it. The summer and fall quarter should be huge quarters for HLIT,which should hold the stock price up fairly well. And the market they sell to is not going to be significantly effected by a rate increase. Tim

To: Mad Bulgarian who wrote (2802)	6/5/1999 9:15:00 AM
From: jmanvegas	Respond to of 4134

Market has 1/4 rate factored into right now. Bonds approaching 6 1/4% will get bought up bigtime IMO. A bond market rally from there would boost the stock market dramatically. Deflation in commoditites would hold back overall inflationary fears - (oil has even turned down recently). Harmonic on a roll - advanced new products, increasing sales, turning a profit, growth rates excellent, and is a key player in the backbone of the convergence of TV and the Net. Despite all the news about the tech wreck, especially in pure Internet plays, HLIT's chart has held up technically and is looking to breakout to new highs. Institutional ownership increasing. I'm buying - looking for 60's near term with a run to the 70's. This stock could reach 100+ in 12-18 months. Wouldn't surprise me if it did it sooner, assuming everyone calms down about the economy going into the tank because of a blip in CPI last month. These backbone Net plays are where it's at!!! Good luck to you. jmanvegas