Harmonic Drops 31.2% on Warning

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Harmonic (HLIT) - Get Report was down 31.2% in preopen Island trading. After the close Thursday, the communications equipment maker warned that its fourth-quarter loss would be 20 cents to 30 cents per share, below the First Call/Thomson Financial estimate of a 10-cent loss. The company said its customers are reviewing their plans due to changes in the capital markets.