C-Cube Message Board - Msg: 1450807

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Technology Stocks : C-Cube

CUBE 35.58

-2.0%

Dec 9 3:59 PM EST

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To: VINTHO who wrote (15869)	5/21/1997 9:48:00 PM
From: Humblefrank	of 50808

I didn't get anything from you Vintho except the conference call info. I did send you something yesterday. Bill I think is right about some things. I don't think we can assume Cube has the majority of the market in China any more. Why did they lose it? I don't know. I don't have anything against the Chinese, but I just don't understand things over there enough to have any confidence. I know a lot of fishy things have happened there lately and you find it in the middle of the paper, but it doesn't make big news. We read a month ago or so that people can get executed for owning or selling pornography and we have also read that VideoCD does cater to this market so you can put two and two together. That can kill a market pretty quick if they start offing the customers. Anyway, I certainly don't have enough info to know what's going on over there or who has the market majority. Vintho, I think to argue about it at this point is a waste. The stock has to shake out and then recover. I remember before last month's earnings John or David mentioned that if they can't make earnings then they'll come in twenty points low to make sure they can make the following month. Maybe that's what's happening and the stock can recover a little by Q3. On the other hand the company could have some real problems holding together. Many employees depend on options for income and they are not getting any from that at this price. So you have to wait and see what the insiders do. The only thing to pop up the stock would be a great new chip or design win but even that wouldn't do much right now. If they're going to sell they might even be better to wait until they have restored some confidence. So, doesn't look too good for the next couple months but this price is a steal for the long term IMO, although I wouldn't bet a large percentage of my income on it anymore and I would wait until I was sure the shorts were out and the price was stable.

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