MILPITAS, Calif.--(BUSINESS WIRE)--April 10, 1997--C-Cube Microsystems Inc. (NASDAQ:CUBE), a market leader
in digital video, today announced financial results for its first fiscal quarter, which ended March 31, 1997.
Revenues for the first quarter were $94.1 million, up 38 percent from the $68.1 million reported in the first quarter of 1996
and down 1 percent from the $95.5 million reported in the fourth quarter of 1996.
Net income for the first quarter was $15.4 million, or $0.41 per share on 37.9 million shares, up 13% compared with $13.6
million, or $0.38 per share on 36.0 million shares, in the first quarter of 1996 and down 11% compared with $17.3 million, or
$0.45 per share on 38.6 million shares, in the fourth quarter of 1996.
"During the first quarter of 1997, C-Cube continued to lead the digital video market by introducing several advanced digital
video products," said Alex Balkanski, president and chief executive officer of C-Cube Microsystems.
"The company began volume production of the leading CL680 Advanced Video CD Decoder, spurring leading OEMs to
upgrade from earlier C-Cube products in order to deliver next-generation VideoCD capability. In February C-Cube delivered
its ZiVA DVD decoder family, the first integrated audio/video DVD decoding solutions to be certified by Dolby as AC-3
compliant. The company also introduced the CLM4730Z encoding technology, the first MPEG-2 statistical variable bit rate
chipset capable of encoding an entire film onto DVD in real time."
About C-Cube Microsystems
C-Cube Microsystems Inc. is the industry leader in the development and delivery of highly integrated digital video silicon
solutions that address the consumer electronics, communications and convergence markets. Divicom, the leading provider of
digital video networking systems and solutions, is a wholly owned subsidiary of C-Cube. C-Cube employs 706 people and is
headquartered in Milpitas, with offices in North America, Europe, and Asia. Its stock is traded on the NASDAQ National
Market System under the symbol CUBE. C-Cube can be reached at 408/944-6300 or on the World Wide Web at
c-cube.com .
NOTE TO EDITORS: The C-Cube logo is a registered trademark of C-Cube Microsystems Inc. C-Cube is a trademark of
C-Cube Microsystems Inc. |
