We obtain a new version of Hardy theorem about power series of several variables reciprocal to the power series with positive coefficients. We prove that if the sequence {as} = as1,s2,...,sn, ||s|| ≥ K satisfies condition of logarithmically convexity and the first coefficient a0 is sufficiently large then reciprocal power series has only negative coefficients {bs} = bs1,s2,...,sn, except b0,0,...,0 for any K. The classical Hardy theorem corresponds to the case K = 0, n = 1. Such results are useful in Nevanlinna - Pick theory. For example, if function k(x, y) can be represented as power series Σn≥0 an(x-y)n, an > 0, and reciprocal function 1/k(x,y) can be represented as power series Σn≥0 bn(x-y)n such that bn < 0, n > 0, then k(x, y) is a reproducing kernel function for some Hilbert space of analytic functions in the unit disc D with Nevanlinna-Pick property. The reproducing kernel 1/1-x-y of the classical Hardy space H2(D) is a prime example for our theorems.
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