Harmonic Announces Comcast Warrant Agreement
Harmonic has entered into a warrant agreement with Comcast Corporation. The agreement provides Comcast with the opportunity to acquire shares of common stock of Harmonic based on specific CableOS and other Harmonic product sales and deployment milestones during the term of the warrant.
“This agreement is a significant validation of our new product investment strategy,” says Patrick Harshman, Harmonic’s President and CEO. “We are well positioned to further strengthen our partnership with Comcast, drive new growth and create value for our stockholders.”
Harmonic discussed financial and other statistical information on this conference call. This information is also available on the company’s website, either in the 8K filed with the Securities Exchange Commission related to the above broadcast, or by accessing the replay of the broadcast described above.