C-Cube Message Board - Msg: 7460331

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Technology Stocks : C-Cube

CUBE 36.35

-0.3%

Jan 7 3:59 PM EST

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To: stockbug who wrote (38461)	1/24/1999 10:37:00 PM
From: Cameron Lang	of 50808

An ominous headline which is simply not a big deal... cbs.marketwatch.com C-Cube Microsystems trimmed by Warburg Dillon Read Shares of C-Cube Microsystems dropped 24 percent after the company's earnings estimates were trimmed by analysts at Warburg Dillon Read, following the release of C-Cube's fourth-quarter results. In research notes, Warburg analysts lowered their fiscal-1999 earnings estimates to $1.26 from $1.30 a share to reflect "slightly lower growth" expectations. They also said they expect higher expenses connected with C-Cube's recent purchase for Divicom. The company (CUBE), which manufactures digital video technology, said its fourth-quarter net income was $12.4 million, or 31 cents a share, vs. $11.6 million, or 30 cents a share, in the year-ago period. Analysts polled by First Call projected the company to earn 31 cents. Revenue for the quarter was $96 million compared with $90 million in the year earlier. See press release. C-Cube shares lost 7 1/16 at 22 5/8.

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