Harmonic Says Revenues to Be Hit By AT&T Broadband Cutbacks

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Communications equipment maker

Harmonic

(HLIT) - Get Report

said Monday that

AT&T Broadband's

decision not to take product deliveries for the rest of the fourth quarter will reduce its revenues by about $2 million to $3 million.

The decision by

AT&T's

(T) - Get Report

broadband unit battered share prices on Friday of key suppliers for its high-speed Internet access service, among them

CommScope

(CTV) - Get Report

,

Antec

(ANTC)

and

Scientific-Atlanta

(SFA)

.

Shares of Harmonic, based in Sunnyvale, Calif., were recently down 2.41%, or 25 cents, to $10.44 in early trading on the

Nasdaq

. Antec shares were recently up 3.94%, to $9.06, while shares of CommScope and Scientific-Atlanta were unchanged at $18.13 and $49.19 respectively.