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Harmonic Out of Tune?
By Dan Bloom
July 8, 2005

At the end of April, when Fool contributor Stephen Simpson checked in on Harmonic Lightwaves (Nasdaq: HLIT), the company had disappointed investors with low margins caused by selling a larger amount of third-party products and issued disappointing guidance for the second quarter. Though Stephen did report some good news in the interim, Harmonic recently dashed investors' hopes again. Management sharply lowered revenue and earnings estimates for the current (second) quarter. The company now forecasts total sales of $56 million to $60 million this quarter, which is much lower than the earlier estimate of $73 million to $77 million, and furthermore expects to post a net loss for the quarter...
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