C-Cube Message Board - Msg: 1904512

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Technology Stocks : C-Cube

CUBE 36.65

-0.7%

3:59 PM EST

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To: Stoctrash who wrote (20187)	8/5/1997 5:30:00 AM
From: BillyG	of 50808

"Competitor" news -- Zoran earnings cut............................... RESEARCH ALERT-Salomon cuts Zoran EPS Reuters Story - August 05, 1997 04:26 TEL AVIV, Aug 5 (Reuter) - Salomon Brothers cut its estimates for Zoran Corp's 1997 and 1998 earnings per share due to delays in the introduction of PCs with DVD-ROM (digital versatile disk) drives. "We are reducing our 1997 earnings per share estimate (EPS) from $0.75 to $0.59 as investment in research and development and selling, general and administrative expenses will accelerate as a result of a wide number of new products and increased technical support to the company's customers," analyst Victor Halpert said in a report released on Tuesday. Salomon also lowered its 1998 EPS estimate to $1.16 from $1.20. In 1996 Zoran earned $0.42 a share. The Israeli company is the sole maker of all software, hardware and hybrid compression solutions for the multimedia market. Current applications for its compression technology include DVD players and DVD-ROM for PCs. DVD is considered to be the next generation optical disc standard and is expected to substitute today's compact discs. "In our recent survey of PC manufacturers, most indicated PCs with a DVD-ROM solution will be available starting September 1997," Halpert said. Salomon maintained its buy recommendation for Zoran. "Zoran will remain the technological leader in DVD compression products and its full potential should be realised in coming quarters," the report said. -Tel Aviv newsroom, 972-3-537-2211 TCC

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