<< Read Full Article

Harmonic Slips 0.6% on Layoff Announcement

 

Harmonic(HLIT Quote) was down 0.6% in preopen Island trading after announcing it would cut 100 jobs, or 10% of its workforce, in a bid to cope with lower spending by some of its customers.

Harmonic, a communications equipment maker, posted a wider-than-expected fourth-quarter loss recently after customers such as AT&T Broadband (T Quote) delayed orders.

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.02
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services